LIC AAO Salary 2023
LIC AAO Salary 2023: With the release of LIC AAO Notification 2023 for 300 posts, Life Insurance Company of India (LIC) has revised the salary of Assistant Administrative Officer posts. LIC AAO Salary is an attraction to graduate aspirants, which is the main reason every year lakhs of candidates rush to grab this job opportunity. The LIC AAO salary is inclusive of multiple benefits and allowances that every employee is liable to get. In this article, the LIC Assistant Administrative Officer’s salary has been discussed in detail. Along with all the perks and allowances provided to a LIC AAO Officer.
LIC AAO In-hand Salary 2023
The initial revised basic salary offered to a LIC Assistant Administrative Officer is Rs. 53600/- per month. As per the revised LIC AAO Salary, there will be four advance increments in the compensation size of Rs. 53600- 2645(14) –90630– 2865(4) –102090. This means the AAO will get a basic of Rs 53600 with an increment of Rs 2645 for the next 14 years, followed by a basic of Rs 90630 with an annual increment of Rs 2865 for the next four years and so on. The maximum basic salary will be Rs 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 approximate Rs 92870/- per month in A-Class city.
LIC AAO Salary Structure 2023
The below Salary Structure has been prepared as per the revised LIC AAO Salary, the candidates who are dreaming for the job opportunity of LIC Assistant Administrative Officer must be aware of the increased Salary of LIC AAO.
|LIC AAO Salary Structure 2023 (Revised)|
|Basic Pay||Rs. 53,600|
|Special Allowance||Rs. 4,500|
|Transport Allowance||Rs. 1,960|
|Gross Salary||Rs. 85,612|
|Deduction (PF/Income Tax/Professional Tax/Pension)||Rs. 10,561|
|Net Salary||Rs. 75,051|
LIC AAO Salary 2023 Deduction
From the Gross Salary of LIC AAO i.e. Rs. 85,612, the following monthly deductions will be done after which the officers get the in-hand salary of Rs. 75,051. Check the LIC AAO Salary Deduction as detailed below.
|LIC AAO Salary Deduction|
|NEW GI||Rs. 137/-|
|Total Deductions||Rs. 10,561|
LIC AAO Salary 2023- Probation Period
A candidate after appointment shall be on probation for a period of one year from the date of joining. This period may be extended up to two years. During the period of probation, the candidates will be subjected to continuous assessment as per the Corporation’s extant policy. If any candidate fails to achieve the minimum standard stipulated his/her services may be terminated as per the policy of the Corporation in force at the material time.
LIC AAO Salary- Guarantee Bond
LIC has fixed a Guarantee Bond for the candidates who are selected for the post of LIC AAO (Assistant Administrative Officer). Before joining as a Probationer, candidates will be required to give the undertaking to serve LIC for a minimum period of four years from the date of joining (including the probationary period) failing which, he/she or his /her heirs, executors, administrators will be liable 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. GST or any other tax payable shall also be borne by the candidate.
LIC AAO Salary- Job Profile
Following are the roles and responsibilities of a LIC Assistant Administrative Officer (AAO) are as enlisted below-
- LIC Assistant Administrative Officer has to formulate new schemes and check the already existing and new policies.
- LIC Assistant Administrative Officer has to supervise and file claims and settlements of the customers.
- Rendering assistance and coordinating with the respective other departments as well.
- Maintaining cordial relations with the customers, interacting with them, and coming up with solutions to their queries.
- Completing tasks on time, as assigned by the higher departmental authorities.
- Inspection of existing facts and pointing out factual errors.
LIC AAO Salary- FAQs
Q1. Is LIC AAO Salary revised?
Ans. Yes, LIC AAO Salary has been revised and now the initial basic pay is Rs. 53600 which was earlier Rs. 34,405.
Q2. What is the in-hand salary of LIC AAO?
Ans. The inhand salary of LIC Assistant Administrative Officer ranges between Rs. 75,000 to Rs. 78,000.
Q3. What is the probation period for LIC AAO?
Ans. A candidate after appointment shall be on probation for a period of one year from the date of joining.