LIC AAO Salary
Check here the latest LIC AAO Salary 2023 Structure after the 7th Pay Commission. On this page, we have provided detailed information on LIC AAO Pay Scale 2023, Allowances & Benefits, Promotion & Career Growth, etc.
Candidates who wish to apply for LIC Assistant Administrative Officer Jobs should know about the current LIC AAO Salary 2023. The prestigious insurance company, LIC offers attractive salary packages, Benefits, and Promotion opportunities to its employees.
LIC AAO Pay Scale After 7th Pay Commission
Contenders who are willing to know about LIC Assistant Administrative Officer Pay Scale such as LIC AAO Salary, Rank Wise grade pay, or other info, may go through the entire post carefully to grab all the significant information on salary structure after the 7th Pay Commission.
We the expert team members of www.recruitmentinboxx.com have provided the complete detailed information regarding LIC AAO Salary and other benefits. You can go through the below-given details and check LIC AAO Salary Structure.
LIC AAO Highlights:
Some of the key points of the LIC AAO 2023 Exam are tabulated below:
|Name of post||LIC AAO|
|LIC AAO Full Form||Life Insurance Corporation of India Limited Assistant Administrative Officer|
|Job Category||Central Government job|
|Mode of exam||Online|
|Selection procedure||Online Computer-Based Test (CBT) + Personal Interview|
LIC AAO Salary
Life Insurance Corporation of India Limited conducts written examinations and personal interviews with the motive to select deserving candidates for the post of AAO. Those individuals who successfully crack both stages will get recruited as Assistant Administrative Officers. You may check the detailed LIC Assistant Administrative Officer Salary, Allowances, Job Profile, and other info in the following section.
LIC AAO Salary 2023
The current LIC AAO Pay Scale 2023 for a candidate appointed as Assistant Administrative Officer in LIC is given in the table below.
|HRA (7% for Z Class City)||3,752/-|
LIC AAO Salary Deductions:
Apart from the allowances, there are some other deductions in salary too. Those deductions in the LIC AAO Salary 2023 are mentioned below.
|Net Salary of LIC AAO||70,309/-|
LIC AAO Salary Structure
- The basic and initial salary of an Assistant Administrative Officer in LIC is INR 53,600 per month with a yearly increment of INR 2645 for 14 years.
- There will be an annual increment of INR 2865 after 14 years for the next 4 years.
- After the completion of 18 years, the basic pay of AAO will be INR 1,02,090 per month.
Refer to the table placed below for detailed information on the Salary of LIC AAO:
|Basic pay at the time of joining||INR 53,600 per month|
|Increment on an annual basis||INR 2645 for the next 14 years from the date of joining|
|Basic pay after 14 years||INR 90,630 per month|
|Annual Increment after 14 years||INR 2865 for the next 4 years|
|Basic pay after 18 years||INR 1,02,090 per month|
Check Out: LIC Agent Salary
LIC AAO Salary Allowances
The LIC Assistant Administrative Officers enjoy multiple allowances and benefits on basic salary as per the rules. Along with the basic salary, various LIC AAO Allowances are listed below:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- City Compensatory Allowances (which depend on the category of the city were posted like X – city, Y – city, and Z – city.)
The amount or percentage of allowances is mentioned below table:
|Allowances||Percentage of Basic Pay|
|Dearness Allowance (DA)||29.36 %|
|House Rent Allowance (HRA)||Metropolitan cities – 10%|
Big cities – 8%
Other cities – 7%
|City Compensatory Allowance (CCA)||Metropolitan cities – 3%|
Big or other cities – 2 to 2.5%
Other LIC AAO Perks and Benefits:
Other than the salary and allowance there are various other benefits are provided to LIC AAO, which are mentioned below:
- Special Allowance
- Group Insurance
- Loan facility for personal vehicle
- Meal Coupon
- Leave Travel Concession
- Accidental Insurance
- Medical Facility
- Mobile and other daily requirement expenses, etc.
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LIC AAO Promotion Cycle
|1st Profile: Assistant Administrative Officer|
|2nd Profile: Administrative Officer|
|3rd Profile: Assistant Divisional Manager|
|4th Profile: Divisional Manager|
|5th Profile: Senior Divisional Manager|
|6th Profile: Regional Manager|
|7th Profile: Zonal Manager|
|8th Profile: Executive Director (ED)|
|9th Profile: Chairman and so on|
LIC AAO Job Profile
A newly joined AAO will be on probation for 1 year which extends up to 2 years. Before joining as Probationer, individuals need to serve Life Insurance Corporation Limited for at least 4 years.
If he fails to serve for a minimum time period then he will be liable to pay damages of Rs. 20 lakhs approx. An AAO is responsible for all this administrative work in Life Insurance Sector:
- Interact with Clients and provide them with assistance
- Formulating new schemes, inspecting policies
- Coordinating with other departments, providing assistance
- Inspecting existing policies for errors or misleading fact
- Managing and filing Claims and Settlements
- Perform any work specified by the department head or administrative Officer
Also Check: Top 10 Highest Paying Jobs In India
Advantages of LIC AAO:
- Limited Workload
- Less likely to get rural postings
- 5 Day office
- Better laptops provided
- Good Growth Opportunities
- No Customer dealing
- Lifetime pension
As this profession includes so many advantages which make this job more impressive. The fear of losing a job is very limited. One can get promotions within a specific time period with hard work.
Candidates keep visiting our official web portal to get more details about the LIC AAO Salary 2023. Stay tuned with us to get the latest updates on LIC AAO Pay Scale in Hand or you can follow us on Twitter or Google Plus.
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