LIC AAO Salary 2023, Check in-hand salary, benefits, payscale, and allowances

Safalta Expert Published by: Silky Joshi Updated Sun, 22 Jan 2023 04:47 PM IST

Highlights

Know LIC AAO Salary 2023 along with the perks and Allowances. Get an idea of the Basic Pay and Growth Prospects of the AAO in LIC.

LIC AAO Salary: The Life Insurance Corporation of India has released the official notification for LIC AAO Recruitment 2023. All those candidates who are eligible can apply for the exam till 31st January 2023. LIC AAO salary is a very handsome amount which is one of the major reasons why lakhs of candidates apply for this exam. The basic salary is Rs. 32,795 and the in-hand salary is Rs.

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Source: Safalta

80,870. 
Along with a good salary, there are many allowances and benefits that LIC AAO receives. Read this article to know all the details about LIC AAO salary and other information. Free General Awareness E-Book: Click Here!

 

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Table of Content

1. LIC AAO Salary
2. LIC AAO Salary Structure
3. LIC AAO Salary: Allowances and Benefits
4. LIC AAO Salary: Job Profile
5. LIC AAO Salary: Career Growth
 

LIC AAO Salary 2023

The main reason behind candidates opting for the LIC AAO is the salary structure which is Rs. 53,600. The In-hand salary for the LIC AAO is Rs. 80,870 for those who join initially and after they have served the company for 14 years their basic pay increases to Rs. 90,630. Apart from this, the LIC AAO staff are also allowed with major allowances as listed below:-

  • Dearness Allowances

  • House Rental Allowances

  • City Compensatory Allowance

  Get to know about IBPS RRB PO Salary and other details.

LIC AAO Salary Structure

LIC AAO salary structure is as given below:
Basic Pay 53,600/-
Special Allowance 4,500/-
DA (29.36%) 17,058/-
HRA (7% for Z Class City) 3,752/-
Transport Allowance 1,960/-
Gross Salary 80,870/-

Get complete information on LIC AAO Recruitment here. 

LIC AAO Salary: Allowances and Benefits

Along with a handsome amount of salary, there are various allowances and benefits that LIC AAO receive. They are as follows:
  1. Dearness Allowance
  2. House Rent Allowance
  3. Transport Allowance
  4. Special Allowance
  5. Group Insurance
  6. Leave Travel Concession
  7. Medical Facility
  8. Accidental Insurance
  9. Loan facility for personal vehicle
  10. Meal Coupon
  11. Mobile and other daily requirement expenses, etc.
  Check out Bank Po Salary and allowances here.

LIC AAO Salary: Job Profile

The candidates can check out the LIC AAO Job Profile in the space below:

  • A LIC AAO candidate has to formulate new schemes and look after the existing and new policies.

  • They supervise and file the claims and settlements of the customers.

  • They render assistance and coordinate with the respective other departments as well.

  • They help in resolving the problems faced by the customers and maintaining cordial relations with the customers.

  • They have to complete the task allotted to them by the higher departmental authorities on time.

  • They have to inspect the facts and point out the factual errors in them.

     

LIC AAO Salary: Career Growth 

The LIC ADO gets promoted either on the basis of seniority or clearing the departmental exams held by the LIC. The candidates upon joining the corporation are subjected to receive promotion on the basis of departmental examinations:-

  • Administrative Officer

  • Assistant Divisional Manager

  • Divisional Manager

  • Senior Divisional Manager

  • Zonal Manager
     


 

 

Read More

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How much does a LIC AAO make per month?

 A LIC AAO makes at least Rs 35,000 to 37,000 per month

What is the basic salary of a LIC AAO?

The basic salary of a LIC AAO is Rs. 21,865. 

Which is the minimum pay scale for an AAO in LIC?

The minimum pay scale for an AAO in LIC is Rs 21,865.

Do you get a salary after the LIC AAO exam?

 No salary is only received once the candidate joins the department as a LIC AAO.

Is there any career growth for the LIC AAO?

 Yes, the candidates can appear in the internal exam and seek promotions to the posts of Apprentice Development Officer, Probationary Development Officer, Development Officer, Assistant Branch Officer, Branch Officer, Senior Branch Officer, and Assistant Divisional Officer, Divisional Officer, Senior Divisional Manager, Regional Manager.

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