LIC AAO Salary

Life Insurance Corporation is one of the most prestigious insurance companies in India. Getting a job in the company is a dream of many aspirants. The LIC (Assistant Administrative Officer) AAO post is a sought-after job in the current phase.

The basic pay in the LIC AAO salary is Rs 32,795/- per month. However, there are other lucrative allowances and perks along with the basic pay in the salary structure.

This article is about the LIC AAO salary structure with information on allowances, perks, and other benefits.

There are other government exams which also have a great designation, career, and salary.

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LIC AAO Salary in India – Structure and Allowances

The LIC AAO Salary in India is the reason for many aspirants to get into the Insurance sector.

The LIC AAO Salary details are given below:

LIC AAO Salary 2020
Payscale 32795 – 1610 (14) – 55335 – 1745 (4) – 62315 Basic pay- Rs.32795/-

After Increment- Rs 62,315/-

  1. Dearness Allowance
40% of the basic pay
  1. House Rent Allowance
7%-9%(Location dependent)
  1. City Compensatory Allowance
0% – 4% of the basic pay (Location dependent)

For details on other bank salary range, refer to the linked article.

The other benefits along with the LIC AAO Salary are given below:

  1. Leave Travel Concession (LTC)
  2. Special Allowance
  3. Gratuity
  4. Contributory Pension
  5. Cash Medical Benefit
  6. Accident Insurance
  7. Loan for Personal Vehicles, etc.

LIC AAO Responsibilities

The basic responsibility of a LIC AAO is to monitor and undertake Administrative tasks under various departments.

For details on other bank exams, candidates can check the linked article.

The departments that a LIC AAO looks after are as follows:

  1. Inspection
  2. Business
  3. Finance and Accounts
  4. Marketing
  5. Claims
  6. Policy

However, the operations that a LIC AAO has to carry out are as follows:

  1. Supervise the functioning of the assigned departments
  2. Provide assistance to clients and customers as and when necessary.
  3. Research and formulate new schemes
  4. Manage and file claims and settlements

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LIC AAO Career Growth

The career growth that happens after the LIC AAO post are given in the order below:

  1. Administrative Officer (AO)
  2. Assistant Divisional Manager (ADM)
  3. Divisional Manager (DM)
  4. Senior Divisional Manager (SDM)
  5. Zonal Manager

Aspirants can expect great salary and other benefits once they get to higher posts by clearing certain exams or fulfilling the necessary criteria.

Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.

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