LIC AAO Job Profile, Salary and Promotion Details
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.
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.
LIC AAO - Probation Period
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
Basic pay of Rs. 32795/- per month in the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315 and other admissible allowances as per rules.
Total emoluments at the minimum of the scale, inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city, will be approximately Rs 56,000/- per month in ‘A’ Class city.
Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Medical Benefit, Group Personal Accident Insurance, Group Insurance, Vehicle Loan (2-wheeler/4 wheeler) as per rules.
The amount will be slightly changed to different cities.