LIC AAO Salary  

LIC AAO salary is significant for students who are considering a career as LIC Assistant Administrative Officer. With a starting LIC AAO salary of around ₹32,795 per month plus various allowances, it offers financial stability and independence.

Besides , a lucrative LIC AAO Salary, the work involves business services and client relations, giving it a strong professional reputation. Over time, AAOs can advance to senior positions, increasing career prospects and income. LIC AAO salary is important in student decision making, providing immediate financial benefits and a promising career path in the insurance industry.

An LIC AAO is entitled to receive a basic pay of Rs. 53600/ - per month. The LIC AAO pay scale is Rs. 53600- 2645(14) –90630– 2865(4) –102090.  An AAO is eligible for certain emoluments also, inclusive of House Rent Allowance (HRA) & City Compensatory Allowance (CCA) wherever admissible depending upon the classification of the city, which will amount to approximately Rs 92,870/ - per month in ‘A’ Class city. For the detailed LIC AAO salary , please look at the table below.

PostSalary
Assistant Administrative Officer (AAO)
  • Basic pay - 53600/ per month
  • Scale of Rs. 53600- 2645(14) –90630– 2865(4) –102090 and other admissible allowances as per rules.
  • Pay - Rs. 92870/- per month(approximately)

Allowances

Apart from the LIC AAO salary, an AAO is also entitled to receive other benefits like- 

  • Defined Contributory Pension, 
  • Special Allowance for passing Actuarial Examination, 
  • Gratuity, 
  • LTC, 
  • Cash Medical Benefit, 
  • Group Mediclaim, 
  • Group Personal Accident Insurance, 
  • Group Insurance, 
  • Vehicle Loan (2-wheeler/4 wheeler) as per rules, meal coupon, 
  • Reimbursement towards the cost of Briefcase leather bags, mobile handset, the supply of dailies and magazines and tea/coffee, mobile expenses, etc. as per rules.

Guarantee Bond

Before you join LIC as an AAO, you will be required to give an undertaking to serve LIC for a minimum period of 4 years from the date of joining (including the probationary period). If any candidate resigns before completing 4 years of service, he/she or his/hers hiers, executors, administrators will be liable to pay liquidated damages of Rs. 5,00,000/- + GST or that sum of amount which the Executive Director (Personnel) may prescribe.

Probation

Upon selection as an LIC AAO, you will be required to serve a probation period of 1 year from the date of joining. This period may be extended upto 2 years. During this period, the selected candidates will have to undergo continuous assessment. If the candidates fail to achieve the minimum standard, their services will be terminated.

LIC AAO Job Profile

Once you qualify all the stages of the LIC AAO exam and get selected as an Assistant Administrative Officer (AAO), you would be given a department/branch according to your category of post. You will be heading/managing that particular department. LIC AAO is mainly an administrative job, as the title of the post suggests. We can put the job responsibilities of an AAO in few steps as follows-

  • Negotiations will have to be done with the Agents/ Development Officers.
  • Client interaction and inspection of the claims made by them.
  • Processing the policy applications.
  • Coordination with other departments.
  • Maintaining the databases.
  • Inspecting the policies that already exist.

Career Growth After Becoming an LIC AAO

Once you gain experience of 3-5 years, you will be eligible to get promoted to the post of ‘Administrative Officer’ (AO), which will be an enhanced version of the Assistant Administrative Officer job. Both being administrative jobs, a LIC AO (Administrative Officer) will be an advanced form of the LIC AAO.

The promotion process of LIC Assistant Administrative Officers (AAOs) is well defined and provides opportunities for substantial growth. When you start as an LIC AAO, you enter the base level of the administrative cadre. The promotion program at LIC ensures that with consistent work and dedication, you can steadily rise to key leadership positions and enjoy increased responsibility and compensation. With dedication and hard work, you can climb through a series of promotions.

Assistant Administrative Officer (AAO): This is the entry-level position where you handle administrative tasks, policy management, and client interactions.

Administrative Officer (AO): After gaining experience and demonstrating your capabilities, you can be promoted to an Administrative Officer. This role involves more responsibility, including overseeing AAOs and managing larger administrative functions.

Assistant Divisional Manager (ADM): The next step up is the Assistant Divisional Manager. In this role, you take on leadership duties within a division, guiding AOs and ensuring efficient operations.

Divisional Manager (DM): A promotion to Divisional Manager puts you in charge of an entire division. You will handle strategic planning, resource management, and overall division performance.

Senior Divisional Manager (SDM): As a Senior Divisional Manager, your responsibilities expand to overseeing multiple divisions or a large geographic area, ensuring alignment with LIC’s goals and policies.

Zonal Manager (ZM): At this senior level, you manage operations across several regions, focusing on strategic initiatives and high-level management.