LIC AAO Salary
Since the 7th Pay Commission was introduced, lots of changes have been made in the Pay Scale. So, if you are the one who wants to know about LIC AAO Salary then, you can get complete detail info about LIC AAO Pay Scale, Perks and Benefits from here.
Candidates who wish to apply for LIC Assistant Administrative Officer Jobs should know how much pay Assistant Administrative Officer will receive. LIC AAO Job offers great LIC AAO Salary, opportunities to learn everything about the insurance sector and grow both in both personal and professional levels.
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, they may go through the entire post carefully to grab all the significant information of salary structure after 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 below given details and check LIC AAO Salary Structure.
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LIC AAO Salary
Life Insurance Corporation Limited of India conducts written exam and personal interview with the motive to select deserving candidates for the post of AAO. Those individuals who successfully crack both the stages will get recruited as Assistant Administrative Officer.
Job and Role of Assistant Administrative Officer:
A newly joined AAO will be on probation of 1 year which extends up to 2 years. Before joining as Probationer, individuals need to serves Life Insurance Corporation Limited for at least 4 years.
If he fails to serve for 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 assistance
- Formulating new schemes, inspecting policies
- Coordinating with other departments, provide assistance
- Inspecting existing policies for errors or misleading fact
- Managing and filing Claims and Settlements
- Perform any work specified by department head or administrative Officer
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Salary of LIC AAO:
The basic pay scale of LIC Assistant Administrative Officer is Rs. 17240- 840(14) –29000– 910(4) –32640 (Under Revision) and along with this some special allowances will be given as per the norms of organization.
The LIC AAO Gross pay scale which includes House Rent Allowance & City Compensatory Allowance will be Rs. 40,245 /- approx. The salary depends upon the classification of the city.
Along with the salary, some other benefits also provided to LIC Assistant Administrative Officer:
- Defined Contributory Pension
- Special Allowance for passing Actuarial Examination
- Cash Medical Benefit
- Group Mediclaim
- Group Personal Accident Insurance
- Group Insurance
- Vehicle Loan
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There is a wide range of career scope for LIC AAO officer, as after some years of experience he can get promoted as:
- Administrative Officer (AO)
- Assistant Divisional Manager (ADM)
- Divisional Manager
- Senior Divisional Manager
- Zonal Manager
He can also moves to other departments as Assistant Branch Manager or Branch Manager. The promotion is directly depends upon the hard work and experience. Some of the departments are as follows:
- Finance/ Accounts
- New Business
- Information Technology
- Policy Servicing
- Marketing / Sales
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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 job is very limited. One can get promotions within specific time period with his hard work.
Candidates keep visiting our official web portal to get more details about the LIC AAO Salary. Stay tuned with us to get latest updates on LIC AAO pay scale in Hand or you can follow us on Twitter or Google plus.
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