LIC AAO Salary

LIC AAO salary is one of the major driving forces for candidates applying for the post of Assistant Administrative Officer. It is one of the most sought after posts in the Insurance sector as well.

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 AAO (Assistant Administrative Officer)  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.

Does the LIC AAO salary motivate you to appear for the upcoming examination?

Start your preparation now, and refer to the links given below:

This article is about the LIC AAO salary structure with information on allowances, perks, and other benefits. Candidates can also know more about the other LIC exams conducted in the country, at the linked article.

There are other government exams which also offer a significant designation, career, and salary.

Given below is the salary structure for a few other posts for the reference of candidates:

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. Apart from the LIC exams, there are various other insurance exams, and to get a detailed list of exams and information regarding the same, visit the linked article.

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/-

Allowances
  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.

For salary details regarding other Insurance sector posts, refer to the links given below:

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

Candidates willing to start their preparation for the Assistant Administrative Officer exam can refer to the LIC AAO Syllabus at the linked article and refer to the latest exam pattern and start their preparation accordingly.

Related Links:

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 a generous salary, and other benefits once they get to higher posts by clearing specific exams or fulfilling the necessary criteria.

Candidates willing to apply for the upcoming Insurance sector exams can check the detailed LIC AAO Eligibility at the linked article.

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

Frequently Asked Questions on LIC AAO Salary

Q 1. Is LIC AAO a better job that Bank PO?

Ans. The responsibilities and work pressure on a Bank PO is way more in comparison to that of an Assistant Administrative Officer. However, the LIC AAO salary is equivalent to that of a Probationary Officer. Thus, it offers a better working space.

Q 2. Is LIC AAO exam conducted annually?

Ans. No, the LIC AAO exam is not annually conducted. Vacancies are released as per the conducting body’s requirement.

Q 3. Is a LIC AAO eligible for pension?

Ans. A LIC AAO is applicable for Defined Contributory Pension.

Q 4. Other than the LIC AAO salary, what other benefits are provided?

Ans. Along with a decent LIC AAO salary, the employees are provided with the following benefits:
  • Leave Travel Concession
  • Gratuity
  • Cash Medical Benefit
  • Loan for Personal Vehicles
  • Special Allowance

Q 5. Is there a probation period and a guarantee bond for the post of LIC AAO?

Ans. There is a probation period of one year which may be further extended based on the employee’s performance. Once a candidate joins LIC, he/she is liable to work with the Organisation for a minimum of four years, failing to which he may have to pay a sum of Rs. 5,00,000 to the body.

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