LIC AAO Salary 2024: Assistant Administrative Officer In Hand Pay Scale, Salary Slip, Allowances After Wage Revision

Life Insurance Corporation of India offers a handsome Salary package for the Assistant Administrative Officer posts. Candidates can check here the LIC AAO Salary slip 2024 in this article. With the updated pay slip, you can get clarity regarding the gross pay and net pay. Go through the LIC AAO salary after wage revision. Curious LIC AAO exam aspirants must know the multiple allowances included in the package. The LIC AAO starting basic pay is Rs.53600. Take a look at the pay scale with increments - Rs.53600 - 2645 (14) – 90630 – 2865 (4) – 102090. Total emoluments at the minimum of the scale 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 Salary in hand 2024 net pay after deductions is Rs. 82370 (approx.).

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LIC AAO Salary 2024

The LIC AAO Salary 2024 basic pay is Rs. 53600/- per month. The complete breakdown of Salary is explained in this article. It includes various Allowances. Also, the LIC AAO Salary after Wage Revision will be more appealing. The LIC AAO pay scale 2024 after revision will be quite decent and satisfactory.

  • LIC AAO Pay Scale: Rs. 53600- 2645(14) –90630– 2865(4) –102090

Service

Annual increment

LIC AAO Basic Pay

LIC AAO Basic Pay 2024 (Starting)

-

Rs. 53600

Basic Pay after 14 years

Rs. 2645

Rs. 90630

Basic Pay after 18 years

Rs. 2865

Rs. 102090


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LIC AAO Salary In Hand 2024

The LIC AAO Salary in hand 2024 will also have several perks. Many benefits are included in the LIC AAO Salary in hand 2024. LIC AAO Salary in hand 2024 includes allowances such as CCA, HRA, DA, and other Allowances. As mentioned above, the LIC AAO salary 2024 Basic Pay is Rs. 53600/-. And, the net LIC AAO salary in Hand 2024 may be approximately Rs. 82370/-.

LIC AAO Salary Slip 2024

The LIC AAO Salary slip 2024 will contain various allowances. These allowances will enhance your LIC AAO Salary 2024 to a higher level. Therefore, the LIC AAO Salary and Promotion will be satisfactory and attractive. You will find a difference in the Basic Pay through a standardized count of the year. Take a look at the allowances included in your LIC AAO Salary Slip 2024. Total emoluments at the minimum of the scale 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 Salary Slip 2024

Basic Pay

Rs. 53,600 /-

Special Allowance

Rs. 4,500 /-

DA

Rs. 21,500 /-

HRA (Minimum 7%)

Rs. 3,752 /-

CCA

Rs. 1100

Transport Allowance

Rs. 1,960 /-

Gross Salary

Rs. 92,870 /-

Deductions

Rs. 10500 (approx.)

Net LIC AAO salary in hand 2024

Rs. 82370 (approx.)

 

Here are the allowance details in LIC AAO salary after wage revision 2024.

Allowance Details of LIC AAO Salary 2024

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

 

LIC AAO Emoluments & Benefits:

The LIC AAO Salary 2024 pay scale is wholesome and eligible for various emoluments and benefits. The LIC AAO Salary after 7th pay commission is quite convincing. The LIC AAO Salary 2024 includes several benefits, which are listed below.

  • Total emoluments at the minimum of the scale inclusive of HRA, CCA, etc., wherever admissible depending upon the classification of the city will be approximately Rs. 57,000/- per month in ‘A-Class’ city

  • Defined Contributory Pension

  • Special Allowance for passing Actuarial Examination, Gratuity, LTC

  • Cash Medical Benefits

  • 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

  • AAO (Chartered Accountant) candidates with two years post qualification work experience are eligible for two advance increments (As of the date of eligibility).

 

LIC AAO Training Period

After being successfully appointed as an Assistant Administrative Officer, the candidate has to undergo a training period of 1 year from the date of joining. This LIC AAO Training Period can be extended up to 2 years. Upon completion of the LIC AAO training period, the candidate will receive the LIC AAO Salary 2024 and other allowances of a regular employee.

LIC AAO Training Period Salary

The LIC AAO Training Period Salary will be decided and fixed by the LIC board. Though the LIC AAO Training Period Salary will not be equivalent to the basic salary of a regular employee, it would be quite satisfactory and decent. This LIC AAO Training Period Salary is just for a period of 1 to 2 years, after which the candidate will receive a lucrative salary. 

LIC AAO Job Profile

Now, let us take a look at the LIC AAO Job Profile 2024. This LIC AAO job profile section shares the responsibilities of a candidate who gets appointed as an Assistant Administrative Officer. Keep reading to know the basic job role.

  • Check existing and new policies

  • Formulate new schemes

  • Supervise the working of departments

  • Manage and file Claims and Settlements of the customers

  • Complete the assigned work by the higher authority

  • Interact with customers and solve their issues

  • Assist and coordinate with the other departments

  • Examine existing policies for errors and misleading facts

 

LIC AAO Career Growth

Candidates who clear the exam will join as an Assistant Administrative Officer. A lot of promotional opportunities will be provided, thereby, resulting in an increment in the LIC AAO Basic pay. However, the promotion policy requires a minimum of 4-8 years. As mentioned before, Upon completing the LIC AAO training period, the candidate will receive regular LIC AAO Salary, and their LIC AAO salary after 10 years will be highly enhanced. The LIC AAO Career Growth will be based on their experience, performance, and knowledge. The primary job role of a LIC AAO is to perform desktop jobs. Check the possible ways to get promoted mentioned below.

Category

LIC AAO Career Growth (Promotional Hierarchy)

By gaining a certain year of experience

  • Administrative Officer (AO)
  • Assistant Divisional Manager (ADM)
  • Divisional Manager
  • Senior Divisional Manager
  • Zonal Manager

By moving to other departments through internal posting based on your performance

  • Assistant Branch Manager (ABM)
  • Branch Manager (BM)

 

As per the second category in the LIC AAO Career Growth, the various Departments to which a candidate can be posted based on performance or inclination are as follows:

  • Finance/Accounts
  • New Business
  • Information Technology
  • Policy Servicing
  • Claims
  • Marketing / Sales
  • Actuarial
  • Inspection
  • Legal
  • Systems

A few departments listed above work at Zonal, Divisional & Central Office Levels Only.

FAQs

Q: What is the basic LIC AAO basic salary?

The starting LIC AAO Basic Pay is Rs. 53,600/-.

Q: What is the LIC AAO salary in hand 2024?

The LIC AAO net salary is approximately Rs. 82370.

Q: What is the LIC AAO Pay Scale 2024?

LIC AAO Pay Scale is given here – Rs. 53600- 2645(14) –90630– 2865(4) –102090.

Q: What is the use of LIC AAO salary slip 2024?

The pay slip is useful to know detailed pay info such as gross pay, allowances, deductions, and net pay.

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