LIC AAO Salary 2019 - Life Insurance Corporation of India (LIC) has prescribed the salary for LIC AAO. LIC AAO Salary 2019 includes basic pay and admissible allowances. Candidates are also provided emoluments and benefits like house rent allowance & city compensatory allowance wherever admissible depending upon the classification of the city. Those candidates who wish to appear for the exam can check LIC AAO salary 2019. Candidates who will be finally recruited based on LIC AAO 2019 will receive Rs. 32795 as basic pay per month in the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315. The total emoluments including house rent allowance & city compensatory allowance etc will be around Rs 56,000/- per month in ‘A’ Class city. Read this article below to get the details about LIC AAO Salary 2019.
The important factors of LIC AAO salary are as follows.
Allowance & City Compensatory Allowance
Apart from basic pay and in hand salary, candidates also get other allowances during the service period. Check LIC AAO Salary 2019 other allowances and benefits below.
Other allowances and Benefits
Defined Contributory Pension
Special Allowance for passing Actuarial Examination
Cash Medical Benefit
Group Personal Accident Insurance
Vehicle Loan (2-wheeler/4 wheeler) as per rules
Reimbursement towards cost of briefcase/leather bags, mobile handset, supply of dailies and magazines and tea/coffee, mobile expenses, etc
Only selected candidates for the post of Assistant Administrative Officer (Chartered Accountant) with two years prior qualification work experience on the date of eligibility are eligible for two advance increments.
Candidates who will be selected based on LIC AAO 2019 exam will have to submit the undertaking to serve LIC for a minimum period of four years from the date of joining (including probationary period). In case any candidates fail to do so will liable to pay liquidated damages of Rs.200,000 or the sum of amount to the Executive Director (Personnel). The candidates need to submit Deed of Indemnity at his/her cost, duly stamped, the stamp value of which will be as applicable to the State in which the deed is executed by the candidate.
Shortlisted candidates who will be appointed as LIC AAO will have probation for one year from the date of joining. The probation period may be extended up to two years.
Candidates who gain experience for 4 to 5 years are promoted to other departments or different posts. The experienced candidates may be shifted to departments like Finance/Accounts, Information Technology, Policy Servicing etc. Check the different posts of LIC AAO below.
Administrative Officer (AO)
Assistant Divisional Manager (ADM)
Divisional Manager (DM)
Senior Divisional Manager (SDM)
Zonal Manager, etc.
Ques. What is the job profile of LIC AAO?
Ans. The selected candidates for the post of LIC AAOs help the Administrative Officer or the head of the department in supervising the general functioning of the department. An assistant administrative officer (AAO) is in charge of inspecting and analyzing currently running policies.Ques. What is the salary of LIC AAO?
Ans. The basic Pay of LIC AAO is Rs. 32795 per month in the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315 and other admissible allowances as per rules. The gross salary of an LIC AAO is around Rs. 58000 to Rs. 60000 per month.Ques. Is LIC AAO a government job?
Ans. LIC is a state-owned insurance company that has branches and offices all across the country. Ques. Is LIC AAO exam conducted every year?
Ans. No, LIC AAO is not conducted every year. There is no certain gap however, It may be conducted in a gap of minimum 2 years.Ques. What is the full form of AAO in LIC?
Ans. The full form of LIC AAO is Assistant Administrative Officer.
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It is highly likely that you would be able to determine your respective name of the city for your venue of concern from the Venue code that you already have with you but if due to any circumstances you are unable to do the same then I would suggest you to search for the printed address of the venue that you have with your disposal on Google maps as then you would very easily be able to obtain the name of the city that has been allotted to you as your venue. Also keep in mind that if the address that is with your disposal has any pin code mentioned along with it then you would most likely be able to determine the city of your venue.
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