The Salary of LIC AAO and AE has been an influential factor for opting a career with Life Insurance Corporation of India. Holding a good repute, aspirants of the exams will have all their queries resolved after going through the article. Here we are discussing the complete details of Salary. Being a central level govt job, the scope of the job is also good, which makes it another attractive reason. LIC AAO Salary details covered include:
1. Pay Scale, Salary Structure
2. Promotion and Increments
3. Allowances/ Benefits
4. Job Profile
Let us discuss these, one by one.
LIC AAO Salary Structure: PayScale
|Rs 32795- 1610(14) –55335– 1745(4) –62315|
The given structure has been explained below:
The basic pay starts with Rs 32795, where there will be an increment of Rs 1610 for 14 years
With Rs 55335 as the next basic pay, the increment amount will be Rs 1745 for the next four years.
After 4 years, 62315 become the next basic pay, which becomes the maximum basic pay of a LIC AAO AE.
Allowances of LIC AAO AE Salary
As per the salary slip, the allowances included in the salary are listed. These allowances are an appeal to the candidates. Please note that these allowances may vary from city to city. The Approximate value for A class city is Rs 57000/- per month.
|Defined Contributory Pension|
|Cash Medical Benefit|
|Group Personal Accident Insurance|
|Vehicle Loan (2-wheeler/4 wheeler) as per rules|
|Reimbursement of cost of Briefcase/leather bags|
|Supply of dailies and magazines|
LIC AAO AE Promotion
Now, with a great position, promotion is bound to be equally good. With the increments, the LIC AAO AE is expected to be getting position of higher grade assistants. It will also depend upon the performance and experience of the candidate.
Candidates selected for the post of LIC Assistant Administrative Officers (Chartered Accountant) with two years post qualification work experience on the date of eligibility are eligible for two advance increments.
LIC AAO AE Job Profile
The job/ working profile of LIC Assistant covers Clerical Duties such as cashier, single window operator, customer service executive
Other important roles include:
1. Management of cash counters, managing customer grievances and public relations
2. Management of sales documents- policies, claims, settlements
3. Back end office work also comes under the role.
After Selection as LIC AAO AE:
A period of 1 year is mandatory for the selected candidates. This may also extend up to two years. The candidates may be posted or subsequently transferred anywhere in India.
Candidates will be required to give the undertaking to serve LIC for a minimum of period of four years from the date of joining including the probation period.
Not abiding by the undertaking rules, the candidates will be required to pay liquidated damages of Rs.5,00,000/-only (Rupees Five Lakhs only) + GST or the sum of amount the Executive Director (Personnel) may prescribe from time to time
LIC AAO Salary Highlights
Selection as LIC Assistant Administrative Services & Assistant Engineers(LIC AAO & AE) post is going to give the candidates a sense of satisfaction for it is a central government job, and the fact that it has a great career scope is another factor for choosing this path. LIC AAO AE Salary is going to be a handsome chance for the aspirants to get settled. Briefing you with the Salary:
1. Basic Pay- Rs 32795/- per month
2. Maximum Basic Pay- Rs 62315
3. Total Approximate Salary- Rs 57000/- per month
We hope that you have received all the required information regarding LIC AAO Salary 2020. The details of the recruitment are provided here. Click here to Read more on LIC AAO AE 2020