LIC AAO Salary, Career Growth & Job Profile 2023

LIC AAO Salary, Career Growth & Job Profile 2023

LIC AAO is an exam conducted by Life Insurance Corporation of India. Life Insurance Corporation is the largest insurance company in India. LIC AAO salary is a handsome salary along with some amazing perks as offered by Life Insurance Corporation. The LIC AAO salary differs as per the Bank location.

Every aspirant should know the details about LIC AAO salary, LIC AAO job profile and LIC AAO career growth, which will create interest and help in the better preparation of the exam. So, here ambitiousbaba is providing all the details about the LIC AAO salary, LIC AAO job description, LIC AAP career growth etc.

Also knowing the LIC AAO Salary Scale will help candidates keep themselves motivated towards LIC AAO Preparation. Aspirants can check the details on LIC AAO Salary, Promotion, career opportunity, job profile, responsibilities etc. below:

LIC AAO Job Profile

Assistant Administrative Officer (AAO), as the name suggest will carry out administrative works in the insurance company.  LIC AAO works under a department head or administrative officer in the administrative department.  The job profile of AAO includes:

  • Managing and filling claims and settlements.
  • Interacting with specific clients.
  • Inspecting existing policies for errors or misleading fact.
  • Devising new schemes for the company to either replace an existing one or strengthen it.
  • Coordinate with other departments in issues related claims, settlements, policy revision, guidance etc.
  • Travel, if need be, to specific areas if duty calls.

LIC AAO Salary

An Assistant Administrative Officer gets the basic pay of Rs. 17,240/- He enjoys other perks and remuneration apart from the Basic Pay offered. The total amount/gross salary of an Assistant Administrative Officer thus ranges to Rs. 32,640/- which includes House Rent Allowance, Travel Allowance and Dearness Allowance. Here is the bifurcation of LIC AAO Salary Structure.

LIC AAO Basic Salary

The LIC AAO Salary details are given below:

LIC AAO Salary 2022
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)

Note- In addition to the Basic Pay, there are other allowances which are calculated as a percentage of the Basic Pay based on the location of posting. The total LIC AAO Salary is the sum of the Basic Pay and these allowances.

LIC AAO Salary: Allowances

City Compensatory Allowance (CCA) This too depends upon the job location and can be 4%, 3% or 0% of the LIC AAO Basic Pay.
House Rent Allowance (HRA) The HRA depends upon the job location. Based on whether the LIC AAOs are posted in metropolitan cities, Metro city9%, Urban Area 7-8%, Small City 6-7% of the LIC AAO Basic Pay.
Dearness Allowance (DA) The DA is revised quarterly based on the Consumer Price Index. This component of LIC AAO Salary forms around 40% of the Basic Pay. Since CPI depends upon inflation rates, the DA can increase or decrease based on that

LIC AAO Career Growth and Promotion 

The Insurance Sector is not highly proactive when it comes to regular job promotions. Yet this should not stop you from keeping your overall performance better than others. It takes as long as 8 years for getting the first promotion in LIC.

LIC AAO Career Graph

  1. Assistant Administrative Officer (AAO)
  2. Administrative Officer (AO)
  3. Assistant Branch Manager (ABM)
  4. Branch Manager (BM)
  5. Senior Branch Manager (SBM)
  6. Assistant Divisional Manager (ADM)
  7. Divisional Manager
  8. Senior Divisional Manager
  9. Regional Manager

Work Environment and pressure for LIC AAO

  • LIC AAO need to complete daily quote of paper work that involves filing and double checking documents like policies, claims, settlements, accounts etc.  Unless and until there is an audit session, AAO is a cool going position.

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