Q. What is the age restriction for the 2023 LIC AAO Recruitment?

Ans: As per the previous year's recruitment cycle, applicants for the LIC AAO position had to be at least 21 years old, and the cycle for 2023 is expected to have the same upper age limit of 30 years.

Q. What is the LIC AAO's age relaxation policy for SC/ST candidates?

Ans: As per the previous year's recruitment cycle, applicants for the LIC AAO position had to be at least 21 years old, and the cycle for 2023 is expected to have the same upper age limit of 30 years.

Home Exams Insurance Exams LIC LIC AAO Job Profile, Salary and Promotion Details

LIC AAO Job Profile, Salary and Promotion Details

LIC AAO Job Profile, Salary and Promotion Details Job Profile Probation Period Career Path Salary & Perks

Administrative Officer (AO) and Assistant Administrative Officer (AAO) belong to the class I officer group. This is to provide exposure about the working of insurance sector.

LIC AAO- Check In-Hand Salary, Promotion, Benefits & Career Growth

The Life Insurance Corporation of India is the largest insurance provider in this country and one of the largest in the world. The company recruits staff through exams every year to manage its extensive network. The Assistance Administrative Officer is one such post, and for those who wish to build a successful career in the insurance industry, it is one of the most sought-after positions.

The LIC AAO position is highly lucrative and draws in many applicants. It offers a handsome salary, and candidates hired for this position also earn several benefits and allowances. To fully comprehend the nuances of the position, all applicants planning to take the exam should be aware of the whole wage structure, job description, etc.

LIC AAO Selection Process

Candidates must successfully complete a three-tier selection process to be considered for the LIC AAO Recruitment 2023 final selection. The hiring process comprises two steps, which are as follows:

Preliminary Exam: The LIC AAO Recruitment 2023 preliminary exam will be conducted online and will be of the objective kind.
Mains Exam: During the Mains exam, candidates will have to qualify for both objective and subjective papers by getting the cut-off marks specified
Interview: Those candidates who pass the preliminary exam will have an individual interview. The final merit list will be compiled using the main exam and interview results.

LIC AAO - Job Profile

AAOs can choose any of the areas from Administration, Develpoment and Accounts. In Administration AAOs handle policy making, policy claims upto certain limit, checking clauses and details, filing official returns and statements to higher regional offices etc.

The Development AAOs deal with marketing and procurement of business, promoting policies, getting contracts etc. The Accounts AAOs manage the funds including incomes and expenses of the corporation.

LIC AAO is primarily a desk job centring on the administrative tasks of the corporation. Should you pass the stages of selection, having prior knowledge of the duties and obligations of a LIC AAO would enable you to work confidently. There is a lengthy list of tasks that the employee must complete effectively, and they have the following responsibilities:

Creating new strategies and evaluating both the old and the new policies.
Monitoring and submitting consumer claims and settlements.
Providing help and working in collaboration with the relevant departments.
Keeping good relationships with consumers, connecting with them, and finding answers to their questions.
Completing the responsibilities as allocated by senior officials in the department on schedule.
Examination of already-existing information and identification of factual inaccuracies.

LIC AAO - Probation Period

The formal notification will include information on the LIC AAO Probation Period and Posting Zones for the 2023 cycle. Until then, applicants may refer to the information from the notification for the previous recruiting cycle:

A freshly hired employee begins their probationary period precisely one year after joining the company. Depending on how well the candidate performs, the time frame may be extended by up to two years.

Candidates must have served in LIC for a minimum of four years, including their probationary period.

Rural areas are where the LIC has the most branches. Therefore, after being hired, the candidates are assigned to live outside of their homes in rural areas for at least three years.

A candidate after appointment as Assistant Administrative Officer shall be on probation for a period of one year from the date of joining. This period may be extended up to two years.

LIC AAO - Career Path

After 3 years of working as AAOs they can be promoted to AOs. After 5 years, there is a hike 15% with normal regular yearly increment.

LIC AAO Salary & Perks

Any applicant hired as a LIC AAO will get the following basic pay and benefits. The table below provides information about each.

Particular	Amount
Basic Pay	Rs. 53,600
Special Allowance	Rs. 4,500
DA (29.36%)	Rs. 17,058
HRA (7% for Z Class City)	Rs. 3,752
Transport Allowance	Rs. 1,960
Gross Salary	Rs. 80,870

The basic and starting pay is Rs.53,600 per month, with an annual raise of Rs.2645 over the course of 14 years. After 14 years, there will be a yearly increase of Rs.2865 for the following 4 years.

LIC AAO Salary Deductions-

For the candidates hired by LIC AAO, there are some salary deductions in addition to the allowances.

Particular	Amount
DCPS	Rs.6,933
Mediclaim	Rs.200
GTIS	Rs.241
New GI	Rs.137
GIS	Rs.3,050
Total Deductions	Rs.10,561
Net Salary of LIC AAO	Rs.70,309

LIC AAO Benefits

Besides the salary, which is handsome, to say the least, the LIC AAO post offers a host of benefits. The table below outlines these and provides an overview for you –

Allowances and Benefits of LIC AAO
House Rent Allowances (HRA)	Typically given to employees as compensation for the expense of living, particularly in large cities, depending on the posting area. The HRA will be 7%, 8%, or 9% of the basic pay in large cities.
City Compensatory Allowances	The CCA can be 3%, 4%, or even 0% of the basic LIC AAO pay structure depending on the city of posting.
Dearness Allowance (DRA)	The DRA is updated every three months in accordance with the CPI. This is typically impacted by changes in inflation. The DRA amounts are approximately 40% of the LIC AAO Pay.

LIC AAO Job Allotment Area

They can be posted anywhere in India. The job begins with the candidates joining LIC and GIC on a probation-cum-training period of 6 months.

Parting Thoughts

Hopefully, this write-up has shed light on the fundamentals of this exam that every aspirant must be aware of. Moreover, considering the popularity of the LIC AAO exam and the employment opportunity it offers, the competition here is immense. Hence, you need comprehensive preparation to attain success in this exam. In this process, Veranda Learning can help you find the right solutions. Our experts will guide you and help you prepare better and find the success you are looking for.

LIC AAO-In-Hand Salary, Promotion, Benefits FAQS

Q. What is the age restriction for the 2023 LIC AAO Recruitment?
Ans: As per the previous year's recruitment cycle, applicants for the LIC AAO position had to be at least 21 years old, and the cycle for 2023 is expected to have the same upper age limit of 30 years.
Q. What is the LIC AAO's age relaxation policy for SC/ST candidates?
Ans: As per the previous year's recruitment cycle, applicants for the LIC AAO position had to be at least 21 years old, and the cycle for 2023 is expected to have the same upper age limit of 30 years.

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