LIC AAO Salary 2020
Updated on Jan 17, 2020 - 2:58 p.m. IST by Mohit.dhyani
#LIC AAO

LIC AAO Salary 2020 - Life Insurance of India (LIC) has mentioned LIC AAO 2020 salary in its official notification which is expected to be released in the first week of March 2020 at www.licindia.in/Bottom-Links/careers. Candidates appearing for the recruitment are advised to check LIC AAO salary 2020 to know how much they will be paid after joining. As per the conducting authorities, at the time of joining, LIC AAO salary comprises of basic pay and other allowances as applicable. The allowances included in salary of LIC AAO are house rent allowance, city compensatory allowance, medical benefit, LTC, mobile expenses and others. However, as per the LIC AAO salary 2020, the allowances may vary depending upon work location and other parameters. All candidates who will clear LIC AAO will get basic pay of Rs. 32795/- per month in the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315. To know more about LIC AAO salary 2020, go through the article below.

LIC AAO is conducted in three stages - prelims exam, mains exam and interview. The prelims exam of LIC AAO is scheduled to be held in first week of May 2020. Candidates who clear the prelims exam will be called for mains examination

What is the in-hand LIC AAO Salary 2020?

The total salary of LIC AAO after all the deduction and inclusion of allowances is called in-hand salary. LIC Assistant administrative officer gets a salary of Rs.46000 to Rs. 48000 after all deductions and inclusive all the allowances.

LIC AAO Basic Pay 2020

The basic pay is the amount that employee gets excluding all the allowances. All the deductions are not considered in basic pay of LIC AAO salary.

LIC AAO 2020 Salary Allowances

Along with the basic pay, employee will get some allowances included in salary. The list of all the allowances in LIC AAO salary 2020 is mentioned below.

  • House Rent Allowance(HRA): The HRA of employee is decided on the basis of certain factors, such as the city in which the employee resides. In case the individual resides in a metro city, then he/she is entitled to an HRA equal to 50% of the salary. For cities other than a metro, the entitlement is 40% of the salary.

  • City Compensatory Allowance: CCA is provided to compensate for the higher cost of living in metropolitan city. In some cases, CCA is also offered to an employee living in non-metropolitan city.

  • Transport Allowance

  • Special Allowance: Apart from the allowances mentioned above LIC AAO salary 2020 also includes special allowances 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 cost of briefcase/leather bags, mobile handset, supply of dailies and magazines and tea/coffee, mobile expenses, etc. as per rules.

LIC AAO Salary Scale 2020

The in-hand salary of LIC AAO is calculated including all the allowance. The deductions made from LIC AAO salary 2020 include income tax, pension deduction and others. Candidates can check detailed salary breakdown of LIC AAO from table given below.

LIC AAO 2020 Salary Per Month

Particulars

Amount

DA

16307.97

Basic Pay

34406.00

HRA

2408.35

Transport Allowance

1330.00

CCA

NIL

Net salary after all deductions

46311.00

LIC AAO Salary Increments

  • After joining the basic pay of LIC AAO Salary per month is Rs. 32795/-.

  • For next 14 years employees with get annual increment of Rs. 1610/-. The LIC AAO Salary per month of employee after 14 of service will be Rs. 55335/-.

  • For next 4 years, employee will get an annual increment of Rs. 1745/-.The salary of LIC AAO after 18 years of service will be RS. 62315/-.

Sample image of LIC AAO Salary per month slip:

1579238003733

Various Departments in which LIC AAO Work

The job profile of LIC AAO is not confined to a particular department. List of all the departments in which LIC AAO works is given below.

  • Actuarial

  • Inspection

  • New Business

  • Finance/Accounts

  • Claims

  • Information Technology

  • Marketing / Sales

  • Policy Servicing

LIC AAO 2020 Job Profile

  • The primary duty of an assistant administrative officer is to take care of proper functioning of the department.

  • To analyze and inspect all the policies.

  • Interacting with clients and solving their queries.

  • Filing and management of claims with other departments.

  • Research ad formulates new schemes.

LIC AAO 2020 Promotions And Growth Opportunities

There are lots of opportunities in LIC AAO job profile. One best way to get promotions in job is gaining experience with a good working profile. Promotions that LIC AAO gets are mentioned below.

  • Administrative Officer (AO)

  • Assistant Divisional Manager (ADM)

  • Divisional Manager (DM)

  • Senior Divisional Manager (SDM)

  • Zonal Manager

Frequently Asked Question (FAQs) - LIC AAO Salary 2020

Question: What is the probation period of LIC AAO?

Answer:

The probation period of LIC AAO is one year from the date of joining. This period may be extended upto two years.

Question: Does LIC provide travel allowance in salary benefits?

Answer:

Yes, LIC provides travel and other allowances in salary to all employees.

Question: What is the salary of LIC AAO?

Answer:

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.

Question: Is LIC AAO a government job?

Answer:

LIC is a state-owned insurance company that has branches and offices all across the country. Thus, it is a government job.

Question: Is LIC AAO exam conducted every year?

Answer:

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.

Question: What is the exam pattern of LIC AAO 2020?

Answer:

LIC AAO exam pattern 2020 comprises prelims exam, mains exam and interview. Final results will be declared on the basis of mains exam and performance in interview.

Question: What are the credentials needed to download admit card of LIC AAO?

Answer:

Candidates can check their LIC AAO admit card 2020 using registration number/roll number and date of birth/password.

Question: What are the allowances included in LIC AAO 2020 salary?

Answer:

LIC provides TA(Travel Allowance), CCA (City Compensation Allowance), DA (Dearness Allowance)and some special allowances as applicable in the salary of LIC AAO.

Question: How can we Apply for LIC AAO 2020?

Answer:

LIC to release the LIC AAO application form 2020 on March 1. There are tentative 600 vacancy in LIC AAO with 33 exam cities.

More like LIC AAO

Questions related to LIC AAO

Showing 2 out of 2 Questions
11 Views

Any notification for LIC AAO Exam 2020

Pankhuri Kumari 20th Dec, 2019
Hii Preetam!
As per the latest update, the notification for LIC AAO has not been released yet. It is expected to be released in March 2020.  The LIC AAO prelims exam may be conducted in May 2020 and LIC AAO mains exam may be conducted in June 2020. No general trend is seen regarding the conduction of exam as it may happen once in 2 years. But you can follow up the official website to keep a check and get the latest information. Hope this helps.
Good luck!
12 Views

Venue address is mentioned, but the City is is not mentioned, can we get to know from Venue code

Tamajit Student Expert 24th Oct, 2019

Hi Arjun,

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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