LIC AAO Salary 2024, In Hand Salary and Job Profile

LIC AAO Salary 2024

The Life Insurance Corporation of India provides attractive salary to students appointed as Assistant Administrative Officers. The newly appointed candidates can expect a basic pay of around Rs. 53,600, with the total gross salary in ‘A’ class cities reaching approximately Rs. 99,238, inclusive of allowances and perks. The position of AAO offers ample opportunities for career advancement making it an appealing choice for aspirants seeking professional growth in their career.

LIC Assistant Administrative Officer Salary 2024

Individuals aiming for a career at the Life Insurance Corporation of India as AAO must be acquainted with the LIC AAO Salary 2024. The role is widely desired in the insurance sector due to its attractive salary package. Additionally as it is a central government position, the LIC AAO role promises favorable career opportunities further increasing the attractiveness. The detailed LIC AAO Salary 2024 has been discussed in the given post.

Check Revised Salary of LIC Assistant 2024

LIC AAO In-Hand Salary 2024

Securing a LIC Assistant Administrative Officer post is bound to instill a sense of fulfillment in candidates, primarily due to its status as a central government job. Moreover, the promising career prospects associated with this role further contribute to its attractiveness as a career path. The LIC AAO Salary package presents a significant opportunity for aspirants to establish themselves. A breakdown of the salary of LIC AAO 2024 in given below:

• Basic Pay: Rs 53,600/- per month with increment of Rs. 2645 per year for 14 years.
• Maximum Basic Pay: Rs 102,090 per month.
• Total Gross Salary: Rs 99,238/- per month in ‘A’ class city.

LIC AAO Salary Structure

The salary structure for LIC AAO follows a pay scale of Rs. 53,600-2645(14)-90630-2865(4)-102090. Initially, the basic pay commences at Rs. 53,600, with increments of Rs. 2654 for a duration of 14 years. Subsequently, the basic pay rises to Rs. 90,630, with increments of Rs. 2865 for the following four years. Following this period, the basic pay reaches Rs. 102,090.

LIC AAO Salary Deductions

There are certain deductions in the LIC AAO Salary which includes New GI, Mediclaim, GIS, GTIS, DCPS along with the amount deduction is provided in the table below. All the deductions are as follows:

LIC AAO Salary 2024: Allowances

According to the salary slip, various allowances are outlined and included in the total salary package. These allowances serve as an attractive incentive for candidates. It’s worth noting that these allowances might differ based on the city of employment. Here is the list of all the allowances that an LIC AAO is entitled to:

• Defined Contributory Pension.
• Gratuity.
• LTC.
• Cash Medical Benefit.
• Group Mediclaim.
• Group Personal Insurance.
• Vehicle Loan (2-wheeler/4-wheeler) as per rules.
• Sodexo meal coupons.
• Mobile Expenses.
• Supply of Dailies and Magazines.
• Reimbursement of cost of Briefcase/leather bags.

LIC AAO Salary 2024: Job Profile

Some of the roles and responsibilities of a LIC Assistant Administrative Officer (AAO) are listed below:

• LIC Assistant Administrative Officer has to formulate new schemes and check the already existing and new policies.
• LIC Assistant Administrative Officer has to supervise and file claims and settlements of the customers.
• Rendering assistance and coordinating with the respective other departments as well.
• Maintaining cordial relations with the customers, interacting with them, and coming up with solutions to their queries.
• Completing tasks on time, as assigned by the higher departmental authorities.
• Inspection of existing facts and pointing out factual errors.

LIC AAO Salary 2024: Probation Period

Candidates selected for the position of LIC Assistant Administrative Officer (AAO) has to be on probation period for one year from the date of joining. The period of probation can be extended up to two years, during which the performance of candidates will be monitored according to the corporation’s extant policy. As per the policy of the organization, the candidate who do not meet the expectation can be terminated.

LIC AAO Salary 2024: Guarantee Bond

Life Insurance Corporation of India has specified a guarantee bond for the candidates appointed as Assistant Administrative Officer (AAO). Aspirants have to give an undertaking to serve the organization for a minimum period of four years from the date of joining including the probation period. Due to any of the circumstances, candidates do not fulfill the undertaking then they have to pay the liquidated damages of Rs.5,00,000/+ GST or the sum of amount the Executive Director (Personnel) may prescribe from time to time.

LIC AAO Career Growth

Everyone who is working in the government sector gets a promotion in his job period. With the increments, the LIC AAO is expected to be getting higher-grade assistants. It will also depend upon the performance and experience of the candidate.

• Administrative Officer
• Assistant Divisional Manager
• Divisional Manager
• Senior Divisional Manager
• Zonal Manager