Life Insurance Corporation of India lately released the notification for the recruitment of Assistant Administrative Officers and the last date to register online is 22nd of March 2019. The notification comes as a bliss to all the banking/insurance job aspirants across the country. And all of you must now be eager to know your work profile, growth and salary post your selection as a Assistant Administrative Officer in the Life Insurance Corporation of India. So, Adda247 is here with a detailed description of the work profile, growth prospects and salary structure of LIC AAO.
LIC AAO Work Profile
Who is an AAO?
AAO is the Assistant Administrative Officer of Life Insurance Corporation of India. An AAO can be posted anywhere in India and the role of AAO is to run his/her respective department with other staff members. Other staff members include Assistants and Higher Grade Assistants. A person Joining as AAO is a Class I officer and this is an entry level officer job in the Insurance Sector.
What are the Departments in LIC?
Just like any other organisation, LIC has different departments which deals with their respective issues. The departments include:
ii. New Business
v. Policy Servicing
vi. Office Servicing
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Every organisation has different ranks/designation in the hierarchy of the organisational structure. The promotions in insurance sector are based on seniority of the employees. Below are the designations that one gets promoted to from the post of LIC AAO.
LIC AAO Salary & Allowances
As the official notification says, the basic pay of Rs. 32795/- per month in the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315 and other admissible allowances as per rules. Total emoluments at the minimum of the scale, inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city, will be approximately Rs 56,000/- per month in ‘A’ Class city. Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Cash Medical Benefit, Group Mediclaim, Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4 wheeler) as per rules, meal coupon, reimbursement towards cost of Brief case/leather bags, mobile handset, supply of dailies and magazines and tea/coffee, mobile expenses, etc. as per rules.