Blog

LIC AAO Salary 2020: Job Profile, Perks, Promotions & Other Benefits

LIC AAO Salary Structure 2020: LIC AAO & AE ofcial notication has been released now. It issurely a dream job for many which provide a secure and well-paid career in thegovernment insurance sector of India. The candidates interested to pursue a career in Life Insurance Corporation of India as an Assistant Administrative Ofcer (AAO) and Assistant Engineer (AE) must be eager to know details about the job prole, salary, perks as well as emoluments which are offered to a LIC AAO and AE. To address your queries, we are here with LIC AAO & AE salary (in-hand & gross) and Job Prole. In this article, we are also sharing career growth in LIC.
 
LIC AAO & AE Salary Structure and Allowances
 
 
The gross salary of a LIC AAO & AE will be around Rs. 58000/- to Rs. 60000/- per month (in hand)
 
Emoluments
 
  • Total emoluments including House rent allowance (HRA) and city compensatory allowance wherever applicable depending upon the place of posting will be approximately 56,000/- per month in hand.
  • candidates will also be given other benets like Dened Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Cash Medical Benet, Group Mediclaim, Group Personal Accident Insurance, Group Insurance, Vehicle Loan (2- wheeler/4 wheeler) as per rules, meal coupon, reimbursement towards cost of Briefcase/leather bags, mobile handset, supply of dailies and magazines and tea/coffee,mobile expenses, etc. as per rules.
  • Candidates who are selected for the post of AAO (Chartered Accountant) with two years post qualication work experience on the date of eligibility are eligible for two advance increment

LIC AAO Job Profile

The job of an Assistant Administrative Ofcer (AAO) involves the administrative work in LIC. Itis basically a desk job.Providing assistance and coordinating with the other departments.To complete the work as assigned by the higher authority. Interacting with the customers and solving their queries.Inspecting existing policies for errors and misleading fact.

LIC AAO & AE Career Growth

  • As retirement in an organization takes place every year. There are good chances of promotion for newly appointed employees in the company.
  • However, the promotion policy is not very proactive and the minimum time required for being promoted varies from 5-8 years.

Thus there are 2 paths for career advancements:

After gaining certain years of experience, AAOs can get promoted as Administrative Ofcer(AO)--Assistant Divisional Manager (ADM) -- Divisional Manager -- Senior Divisional Manager -- Zonal Manager and so on.