LIC AAO Salary and Job Profile 2021 | In-Hand Salary, Allowances & Career Growth

LIC AAO Salary

LIC AAO Salary and Job Profile 2021: The exam for the recruitment of candidates at LIC is conducted by the Life Insurance Corporation and candidates who are willing to apply for this exam must know all about the LIC AAO Salary and job profile. The basic LIC AAO salary of an employee is INR 32,795 in a month. To know more about the LIC AAO Salary, read the complete blog. 

LIC AAO Salary Structure 2021

From the date the employee joins the service, he gets an annual increment of INR 1610 for the next 14 years. The details of the LIC AAO salary structure have been tabulated below. 

Basic Pay 

INR 32,795/month

Annual Increment

INR 1610, for the next 14 years from the date of joining

Basic pay after the increment

INR 55,335/month

Annual Increment

INR 1745 for the next 4 years

Basic Pay after these increments

INR 62,315/month

LIC AAO Allowances and Benefits 

The extra allowances and benefits which an employee gets in LIC have been given in the table below. These include HRA, CCA and DA. 

House Rent Allowances (HRA)

This is given to the employees for compensating the cost of living and this is especially for the candidates who are living in metropolitan cities. The HRA will be given on 7%, 8%, 9% of the basic pay. 

City Compensatory Allowances

This allowance also depends on the city in which the candidate is posted. This is 3%, 4% or even 0% of the basic pay structure. 

Dearness Allowance

This allowance is revised every quarter and is around 40% of the basic pay. This is usually affected with the rise and fall in inflation.

LIC AAO In Hand Salary 2021

The in hand LIC AAO Salary varies from INR 58,000 to INR 60,000. Other emoluments and details have been mentioned below. 

LIC AAO Emoluments and Major Details 

  • Total emoluments are approximately around INR 58,000 which includes HRA and CCA. This is calculated area wise. 
  • Other benefits are also given to the candidates. These benefits include Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, Cash Medical benefit, LTC, Group Mediclaim, Group Personal Assistant Insurance, Vehicle Loan (2 wheeler/4 wheeler), meal coupon, mobile handset, reimbursement towards the cost of briefcase/leather bags, the supply of daily and magazines, mobile expenses, etc, all as per rules. 
  • Two years advance increment can also be given to the eligible candidates who have two years of post experience. 

LIC AAO Job Profile 

The candidates who clear the exam can start their work at LIC and this job is basically a desk job and requires administrative work. The list of work which an employee has to do on this post has been enlisted below. 

  • This job requires the formulation of new policies and keeping a check on the prior ones.
  • It requires the supervision and filing of claims and settlements of the customers of LIC. 
  • It requires the coordination of other departments and also rendering them assistance.
  • It also requires maintaining a cordial relation with the customers and solving their queries. 
  • It requires the completion of tasks on time which have been assigned by the higher authorities.
  • It requires inspecting the facts and also pointing out the errors.

LIC AAO Probation Period and Posting Zones

  • The employee has to serve a one year probation period which can extend for upto 2 years and this is on the basis of his/her performance.
  • The candidate has to serve for a minimum of 4 years which also includes the probation period. It 
  • The candidates are recruited in the rural branches away from their home for at least 3 years. 

LIC AAO Career Growth

In order to be eligible for promotion it is mandatory for a candidate to first serve 5 to 7 years. 

  1.  Once the candidate has served for a specific period of time then he can expect a promotion to posts like Administrative Officer (AO)-Assistant Divisional Manager (ADM)-Divisional Manager- Senior Division Manager- Zonal Manager.
  2. The candidates can also be promoted to various departments and this is based on their performance and efficiency. The major branches are given below. 
    • Finance Accounts 
    • New Business 
    • Information Technology 
    • Policy Servicing 
    • Claims 
    • Marketing Sales 
    • Inspection 
    • Legal 
    • Actuarial 
    • Systems

Must Check: LIC AAO Eligibility Criteria 2021

You need to meet certain criteria to be eligible for the LIC AAO examination. The LIC AAO eligibility criteria have been laid down and have been enlisted in this article below. This eligibility criterion is as of 1st February 2021. Candidates must meet the criteria to appear for LIC AAO 2021 exam.

  • LIC AAO Eligibility Criteria 2021

We have covered everything related to “LIC AAO Salary and Job Profile”. If you have any doubts regarding te LIC AAO Exam, feel free to ask any queries in the comment section below.

LIC AAO Salary and Job Profile FAQs

Here are the most frequently asked questions on LIC AAO Salary and Job Profile by the candidates.

What is the in-hand LIC AAO salary?

The in-hand LIC AAO Salary is approximately INR 58,000.

What are the extra emoluments awarded to the candidates in LIC AAO?

The extra emoluments have been listed in the post above.

What are the types of allowances which an employee at LIC gets?

The types of allowances include HRA, DA, and CCA.

What is the type of job in LIC AAO?

The job is usually a desk job.

What are the chances of promotion in LIC AAO?

The candidate must serve for a certain time and must be eligible in order for the promotion. 

What are the details of the HRA in LIC AAO?

This is given to the employees for compensating the cost of living and this is especially for the candidates who are living in metropolitan cities. The HRA will be given on 7%, 8%, 9% of the basic pay.

What is the annual increment in LIC AAO?

The annual increment is INR 1610, for the next 14 years from the date of joining.

What is the basic salary of the employee in LIC AAO?

The basic salary of an employee is INR 32,795 in a month.

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