Life Insurance Corporation of India is set to hire eligible candidates for the post of Assistant Administrative Officer (AAO). A new notification has been released for 300 vacancies. Candidates willing to apply for this post should be aware of the LIC AAO Salary to proceed without any doubts. The Life Insurance Corporation of India offers a salary which will encourage the candidates to work efficiently. LIC AAO Salary is one of the major driving forces for the candidates applying for the Assistant Administrative Officer position in LIC. After being chosen as a AAO, candidates will be able to receive a hefty amount of salary along with other benefits. This article will clear all the doubts which the candidates will have regarding the LIC AAO In Hand Salary, job profile, allowances, benefits and others. Candidates can scroll down to read further in detail.
LIC AAO Salary Structure
Readinging this article will let the candidates know about the LIC AAO Salary. The basic pay starts with Rs.34,405/- where there will be an increment of Rs 1610 for 14 years. With Rs 55335 as the next basic pay, the increment amount will be Rs 1745 for the next four years. The table given below will provide you the salary structure of Assistant administrative Officer.
| Basic Pay | Rs.34,405/- |
| Dearness Allowance | Rs.25,838.16/- |
| House Rent Allowance | Rs.3,440.50/- |
| Transport Allowance | Rs.1,330/- |
| CCA | Rs.1032.15/- |
| Gross Salary | Rs.66,045/- |
| Deduction | Rs.15,385/- |
| Net Salary | Rs.50,658/- |
LIC AAO Salary In Hand
LIC AAO in hand salary is Rs. 32,795 for those who join initially and after they have served the company for 14 years their basic pay increases to Rs. 55,335. Candidates selected for the post of LIC Assistant Administrative Officers (Chartered Accountant) with two years post qualification work experience on the date of eligibility are eligible for two advance increments. Selected candidates will also receive LIC AAO Salary Slip at the end of every payment cycle which contains basic salary, allowances ,deductions and other details.
LIC AAO Salary: Allowances and Benefits
LIC offers salary to the selected candidates along with allowances and benefits. When they get a chance to work as Assistant Administrative Officer in LIC, they will also experience various perks and benefits. The following are the various allowances and benefits.
- House Rent allowance
- Dearness allowance
- City Compensatory allowance
- Cash Medical benefit
- Gratuity
- Vehicle loan as per rules
- Meal coupon
- Mobile handset
- Defined Contributory pension
- Mobile expenses
- Reimbursement of cost of briefcase / leather bags, etc.
LIC AAO Salary: Probation Period
Candidates who get selected for the Assistant Administrative Officer position will have to be in training period to become a permanent employee in Life Insurance Corporation. A newly hired employee gets on to the probation period for one year exactly from the date of joining. The period is extendable for up to 2 years, on the basis of the performance of the candidate.
It is mandatory for the candidates to be in LIC for a minimum of 4 years including the probation period. If any candidate fails to achieve the minimum standard stipulated his/her services may be terminated as per the policy of the Corporation in force at the material time.
LIC AAO Salary: Career Growth and Promotion
After have a decent experience for a period of time, Assistant Administrative Officer can be promoted to
- Assistant Divisional Manager (ADM)
- Divisional Manager
- Senior Division Manager
- Zonal Manager and so on.
LIC AAO Job Profile
Candidates shortlisted for the Assistant Administrative Officer position will be responsible for performing the following duties.
- Supervising and filing claims and settlements of the customers.
- Rendering assistance and coordinating with the respective other departments as well.
- Completing tasks on time, as assigned by the higher departmental authorities.
- Inspection of existing facts and pointing out factual errors.
- Formulating new schemes and checking the already existing and new policies.
LIC AAO Salary: FAQs
The LIC Assistant Administrative Officer salary in hand is Rs.32,795/-.
House rent allowance, city compensatory allowance, transport allowance and dearness allowance are the allowances offered to the selected candidates.
After joining ,the employee must be on probation period for a year. This period is also extendable depending on the performance of the employee.
Yes. The Assistant Administrative Officer of LIC also receives a salary slip at the end of every payment cycle.
After having a decent experience, an Assistant Administrative Officer can be promoted to Assistant Divisional Manager, Divisional Manager, Senior Division Manager and so on.