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LIC AAO AE Salary 2022, Check In Hand Salary & Perks

LIC AAO AE Salary 2022

LIC AAO & AE Salary 2022: The Salary of LIC AAO and AE has been an influential factor in opting for a career with the Life Insurance Corporation of India. LIC AAO salary is one of the major driving forces for candidates applying for the post of Assistant Administrative Officer. It is one of the most sought after posts in the Insurance sector as well. 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

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

LIC AAO Salary Structure- PayScale

The pay scale of LIC AAO is Rs 34,405- 1610(14) –55335– 1745(4) –62315. The basic pay starts with Rs 34,405, 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 becomes the next basic pay, which becomes the maximum basic pay of a LIC AAO AE.

LIC AAO Salary 2022 Salary Structure
Basic Pay
Rs. 34,405/-
DA
Rs. 25,838.16/-
HRA (Minimum 7%)
Rs. 3440.50/-
Transport Allowance
Rs. 1,330/-
CCA
Rs. 1032.15/-
Gross Salary
Rs. 66,045.01/-
Deduction
Rs. 15,387/-
Net Salary
Rs. 50,658/-

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 an A-class city is Rs 57000/- per month.

Allowance List
Defined Contributory Pension
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 of cost of Briefcase/leather bags
Mobile handset
Supply of dailies and magazines
Tea/coffee
Mobile expenses

LIC AAO Salary 2022 Check In Hand Salary, Pay Scale_40.1

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 positions 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

We hope that you have received all the required information regarding LIC AAO Salary 2022. The details of the recruitment are provided here. Click here to read more on LIC AAO AE

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LIC AAO AE Salary 2022- FAQs

Q1. What is the in hand salary of LIC AAO 2022?

Ans. The In-hand salary for the LIC AAO is Rs. 32,795 for those who join initially and after they have served the company for 14 years their basic pay increases to Rs. 55,335.

Q2. What is the salary of LIC AAO after 5 years?

Ans. The Salary of LIC AAO after 5 years will be Rs.1,02,090 per month.

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