LIC AAO Training Period 2023: Check Joining Process, Training Period Salary Details

LIC AAO Training Period 2023: LIC (Life Insurance Corporation) has released notification for LIC AAO exams on 15th January 2023. The LIC AAO exams will be conducted in three stages namely prelims, mains, and direct interviews. After successfully completing the exams the candidates are meant to be selected which means they are appointed for the post of LIC AAO. But candidates after receiving the appointment order have to undergo a process called LIC AAO training period 2023. The Induction Period will be 9 Months from the date of joining as per the notification mentioned by the LIC. The Training period may be extended for two years. This decision is completely based on the LIC decision. In this LIC AAO Training Period 2023 article, you can get details for the LIC AAO Training period 2023 duration, and LIC AAO Training period salary in detail. There are certain terms and conditions while joining LIC AAO post 2023. The Officers should sign a service agreement bond for a minimum of 4 years. If the employees break this bond by not completing four years, then they have to pay a sum of Rupees 5lakhs with GST extra to the LIC Authority. It is mandatory for all employees.

LIC AAO PDF Course 2023

LIC AAO Mock Test 2023

LIC AAO Training Period 2023

Let us see about the LIC AAO Training period 2023 in detail. The Selected Candidates will be subjected to an Induction period of 9 months from the date of Joining.

Training will be divided into Three zones.

            1) Induction training in zonal training centre - 3 months duration,

            2) Practical training in Branch & Divisional Office - 3 months duration,

            3)Refresher training in zonal training centre - 3 months duration.

The Training period may be extended and this decision is completely based on the LIC decision.

LIC AAO Training Period Salary 2023

The LIC AAO Training Period Salary 2023 will be decided and fixed by the LIC board.  The LIC AAO Training Period Salary 2023 will be the same before and after the training. The Officer will receive a full salary including meal coupons and accommodation (Guest Houses)  during the training period. 

Download LIC AAO Previous Year Question Papers PDF

LIC AAO Basic Pay and Allowance 2023

The LIC AAO basic Salary 2023 will contain various allowances. These allowances will enhance your salary to a higher level. Therefore, the LIC AAO basic Salary and allowance will be satisfactory and attractive. Your Salary will increase as you receive promotions. You will find a difference in the LIC AAO Basic Pay will be revised through a standardized count of the year. Take a look at the allowances included along with the LIC AAO basic pay inclusive of House Rent Allowance, City Compensatory Allowance, etc wherever admissible depending upon the classification of the city will be approximately Rs. 92870/- per month in ‘A’ Class city.

LIC AAO basic salary with Allowance 2023

Basic Pay

Rs. 53,600 /-

Special Allowance

Rs. 4,500 /-

DA

Rs. 21,500 /-

HRA (Minimum 7%)

Rs. 3,752 /-

Transport Allowance

Rs. 1,960 /-

Gross Salary

Rs. 92,870 /-

 

Allowance Details of LIC AAO Salary 2023

Amount

D.A.(Dearness Allowance)

40% of the basic pay

H.R.A. (House Rent Allowance)

  • 7%-9% of the LIC AAO basic pay
  • It depends on the posting of the employee to metropolitan cities, big cities, or other places.

C.C.A. (City Compensatory Allowance)

  • 0%-4% of the basic pay of LIC AAO
  • Depends on the Job location of the employee

Some Important Links:

LIC AAO Salary LIC AAO Vacancy
LIC AAO Preparation LIC AAO Cut Off

LIC AAO Training Period 2023 - FAQs

Q: What is the LIC AAO Training Period 2023?

A: The LIC AAO training period 2023 will be 9 months and it may be extended to two years as per the Corporation's extant policy.

Q: Whether the Salary will be reduced during the LIC AAO Training period 2023 from the basic pay?

A: No, the salary will not be reduced in the training period including meal coupons and accommodation (Guest Houses) 

Q: What happens if the Candidates don't complete the LIC AAO training period 2023?

A: The Officers should sign a service agreement bond for a minimum of 4 years. If the employees break this bond by not completing four years, then they have to pay a sum of Rupees 5lakhs with GST extra to the LIC Authority.

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