LIC – AAO
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.
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.
Administrative officers handle policy making, policy claims up to 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.
After 3 years of working as AAOs they can be promoted to AOs.
Insurance Assistant to AO – 3 Years
After 5 years, there is a hike 15% with normal regular yearly increment.
According to the recent revise, Rs. 45,245 (appx) including allowances, in city areas. The amount will be slightly changed to different cities.
Pay Scale – 17240 to 32640
Other benefits are,
Defined Contributory Pension,
Special Allowance for passing Actuarial Examination,
Group Personal Accident Insurance,
Vehicle Loan (2-wheeler/4 wheeler) as per rules.
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.