Many people are drawn to apply for the desired position in the LIC because of the attractive LIC AAO compensation and the distinguished career advancement. In addition to a hefty remuneration package, it provides other benefits to executives hired by the Life Insurance Corporation of India. The LIC provides status, prestigious titles, and career stability. The appropriate information on LIC AAO wages not only alleviates candidates’ fears but also encourages them to apply for the position. LIC also provides numerous opportunities for career progression. The LIC AAO compensation will motivate applicants to continue working for the LIC.
LIC AAO Salary 2024
The LIC AAO salary consists of several components; in addition to your base pay, other items are added to your take-home pay. LIC provides its employees with a competitive salary plan. The compensation package also includes a number of supplementary perks, such as house rent and a dearness allowance. Learn more about the base salary here.
| Salary Component | Details |
| Gross Pay | Rs. 80,000 – Rs. 90,000 |
| Basic Pay | Rs. 53,600 |
| Annual Increment for the next 14 years | Rs. 1,610 |
| Basic Pay after 14 years of Increment | Rs. 62,315 |
| Annual Increment for the next 4 years | Rs. 1,745 |
| Basic Pay after 18 years of Increment | Rs. 92,870 |
LIC AAO Inhand Salary
A LIC AAO (Assistant Administrative Officer) can expect to earn between Rs. 58,000 and Rs. 65,000 per month. This amount includes the basic pay of Rs. 53,600, which is supplemented by various allowances such as the Dearness Allowance, the House Rent Allowance, the City Compensatory Allowance, and a special allowance in accordance with LIC regulations. After deducting Provident Fund, Professional Tax, Income Tax, and other required contributions, the in-hand salary delivers a competitive and appealing compensation package to employees.
LIC AAO Allowances
The LIC AAO in-hand compensation package includes a variety of benefits and allowances that add up to a significant amount. The perks and reimbursements, in addition to the well-known job description and competitive pay range, contribute to the position’s attraction. The list of benefits and compensation is shown below.
- House Rent Allowance (HRA)
- City Compensatory Allowance (CCA)
- Dearness Allowance (DA)
- Pension
- Medical Allowances (MA)
- Vehicle Loan
LIC AAO Job Responsibilities
The LIC AAO job description is largely dependent on the company’s current opportunities. Additionally, it is determined by what the employer believes will best represent you. Administrative duties are one of the responsibilities of an assistant administrative officer at LIC. In essence, this is a desk job. The tasks of a LIC AAO include the following:
- Developing new plans and reviewing new and existing rules.
- Monitor and submit client complaints and reimbursements.
- Helping out and collaborating with numerous sectors.
- To finish the duty assigned by the superior authority.
- Engaging with customers and replying to their questions.
- Examine the current regulations for errors and incorrect information.
LIC AAO Job Growth
As a LIC AAO officer, you will have numerous options to enhance your career. Most bank candidates aspire to higher-level officer roles. To be eligible for promotion to the rank of officer, all applicants who wish to advance from the post of LIC AAO officer must submit an application, take the test, and complete at least two years of service.
- Every year, a company’s employees retire. New hires in the organization have significant possibilities for promotion.
- However, the minimum amount of time required for elevation ranges between 5 and 8 years, and the promotion approach is not very vigorous.
There are two pathways for professional development:
- AAOs are eligible for promotion to Administrative Officer (AO), Assistant Divisional Administrator (ADM), Divisional Director, Senior Divisional Supervisor, Zonal Supervisor, and so on after amassing a certain number of years of work experience.
- There are also options for you to transfer to functional divisions within the company based on your skills and interests. You can advance to the roles of Assistant Branch Manager (ABM) and Branch Manager (BM).
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