LIC AAO Salary: This article talks about the salary of LIC AAO (Assistant Administrative Officer). It provides information about the salary in hand, pay scale, job profile, perks, and allowances for the LIC AAO post in the year 2024.
LIC AAO Salary 2024
The salary of LIC AAO is an important factor for people choosing to work for the Life Insurance Corporation of India. The salary is one of the main reasons why candidates apply for the position of Assistant Administrative Officer. This job is highly desired in the insurance industry. This article provides all the information about the salary, including pay scale, promotions, allowances, benefits, and job responsibilities. It is a government job at the central level, so it offers good opportunities.
LIC AAO 2024 Salary: Highlights
Getting selected for the LIC Assistant Administrative Services position will make candidates feel satisfied because it is a government job. The job also offers great career opportunities. The LIC AAO Salary is quite attractive, providing a chance for aspirants to establish themselves. Here is a breakdown of the salary: 1. Basic Pay: Rs 53,600 per month 2. Maximum Basic Pay: Rs 102,090 per month 3. Total Approximate Salary: Rs 88,667 per month.
LIC AAO Salary Structure- PayScale
The salary range for LIC AAO starts at Rs. 53,600 and increases by Rs. 2,645 every year for 14 years. Then, the salary increases to Rs. 90,630 and increases by Rs. 2,865 for the next four years. After four years, the salary becomes Rs. 1,02,090.
LIC AAO Salary Structure | |
Basic Pay | 53,600 |
Special Allowance | 4,500 |
DA | 32,210 |
HRA | 5,360 |
Transport Allowance | 1,960 |
CCA | 1,608 |
Gross Salary | 99,228/- |
Deduction (PF/Income Tax/PT/Pension) | 10,561 |
Net Salary | 88,667/- |
LIC AAO Salary: Deductions
From the total salary for the Assistant Administrative Officer position, certain amounts are subtracted as indicated below.
LIC AAO Salary: Deductions | |
Particulars | Amounts |
NEW GI | 137 |
Mediclaim | 200 |
GIS | 3,050 |
GTIS | 241 |
DCPS | 6,933 |
Total Deductions | 10,561 |
LIC AAO Salary: Allowances
According to the salary slip, the extra money included in the salary is listed. These extra amounts are meant to attract job applicants. Just remember that these extra amounts may be different depending on the city.
Allowance List |
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Defined Contributory Pension |
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 of cost of Briefcase/leather bags |
Mobile handset |
Supply of dailies and magazines |
Tea/coffee |
Mobile expenses |
LIC AAO Promotion and Career Growth
If someone has a good job, they are likely to get a good promotion. The LIC AAO AE will get higher positions as they get raises. This also depends on how well they do their job and how much experience they have. People who are chosen for the LIC Assistant Administrative Officer job with two years of work experience after becoming a Chartered Accountant can get two extra raises.
LIC AAO Job Profile
The job of an LIC Assistant involves doing clerical tasks like being a cashier, helping customers at a window, and being a customer service representative. They also have other important responsibilities like managing cash counters, handling customer complaints, and maintaining good relationships with the public. They also handle important documents related to sales, like policies, claims, and settlements. They also do back office work as part of their job.
After Selection as LIC AAO –
The selected candidates must work for at least 1 year, but it could be longer, up to 2 years. They may be sent to different places in India. The candidates have to promise to work for LIC for at least 4 years from the date they start, including the training period. If they break this promise, they have to pay a fine of Rs. 5,00,000 plus taxes. We hope you have all the information you need about LIC AAO salary. You can find the recruitment details here. You can also check the previous year’s cut off marks and question papers for LIC AAO.
FAQ – Frequently Asked Questions
Q1. What is the in hand salary of LIC AAO?
The starting salary for LIC AAO is Rs. 32,795. After working for 14 years, the salary increases to Rs. 55,335.
Q2. What is the salary of LIC AAO after 5 years?
The monthly salary of LIC AAO will be Rs.1,02,090 after 5 years.