LIC AAO Officer Salary Structure, Job Profile, Career Growth

By Reena Pal | Updated on: Jan 17, 2023

LIC AAO Salary 

 LIC AAO Exam 2022

An LIC AAO is entitled to receive a basic pay of Rs. 53600/- per month. The LIC AAO pay scale is Rs. 53600- 2645(14) –90630– 2865(4) –102090.  An AAO is eligible for certain emoluments also, inclusive of House Rent Allowance (HRA) & City Compensatory Allowance (CCA) wherever admissible depending upon the classification of the city, which will amount to approximately Rs 92,870/- per month in ‘A’ Class city. For the detailed LIC AAO salary, please look at the table below.

PostSalary
Assistant Administrative Officer (AAO)
  • Basic pay - 53600/ per month
  • Scale of Rs. 53600- 2645(14) –90630– 2865(4) –102090 and other admissible allowances as per rules.
  • Pay - Rs. 92870/- per month(approximately)

Allowances

Apart from the LIC AAO salary, an AAO is also entitled to receive other benefits like- 

  • Defined Contributory Pension, 
  • Special Allowance for passing Actuarial Examination, 
  • 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 towards the cost of Briefcase leather bags, mobile handset, the supply of dailies and magazines and tea/coffee, mobile expenses, etc. as per rules.

Guarantee Bond

Before you join LIC as an AAO, you will be required to give an undertaking to serve LIC for a minimum period of 4 years from the date of joining (including the probationary period). If any candidate resigns before completing 4 years of service, he/she or his/hers hiers, executors, administrators will be liable to pay liquidated damages of Rs. 5,00,000/- + GST or that sum of amount which the Executive Director (Personnel) may prescribe.

Probation

Upon selection as an LIC AAO, you will be required to serve a probation period of 1 year from the date of joining. This period may be extended upto 2 years. During this period, the selected candidates will have to undergo continuous assessment. If the candidates fail to achieve the minimum standard, their services will be terminated.

LIC AAO Job Profile

Once you qualify all the stages of the LIC AAO exam and get selected as an Assistant Administrative Officer (AAO), you would be given a department/branch according to your category of post. You will be heading/managing that particular department. LIC AAO is mainly an administrative job, as the title of the post suggests. We can put the job responsibilities of an AAO in few steps as follows-

  • Negotiations will have to be done with the Agents/ Development Officers.
  • Client interaction and inspection of the claims made by them.
  • Processing the policy applications.
  • Coordination with other departments.
  • Maintaining the databases.
  • Inspecting the policies that already exist.

Career Growth

Once you gain experience of 3-5 years, you will be eligible to get promoted to the post of ‘Administrative Officer’ (AO), which will be an enhanced version of the Assistant Administrative Officer job. Both being administrative jobs, a LIC AO (Administrative Officer) will be an advanced form of the LIC AAO.

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FAQs

LIC will keep you on a 1 year probation period from the date of joining. This period can be extended up to 2 years as per the performance of the candidates during the probation period.
An LIC AAO is entitled to receive a basic pay of Rs. 53600/- per month. The LIC AAO pay scale is Rs. 53600- 2645(14) –90630– 2865(4) –102090. Apart from the aforementioned salary, the selected candidates will also be eligible for certain additional benefits. Inclusive of all the emoluments, in an ‘A’ class city the amount can reach up to Rs. 92,870/- per month.
Yes, of course. Just like any government job, a LIC AAO will be entitled to receive certain allowances apart from the basic salary, such as LTC, Cash Medical Benefit, Dearness Allowance, House Rent Allowance, Defined Contributory Pension and more.
Yes, the selected candidates will be required to serve a probation period of 1 year from the date of joining. This period may be extended up to 2 years as per the performance of the candidates during the probation period.
Yes, you have to sign a 4-year bond at the time of joining in LIC. If you leave before that, you are liable to pay ₹ 5,00,000 to LIC.
No, you will not be reimbursed for your travel expenses for the LIC AAO 2023 exam.

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