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The Life Insurance Corporation of India(LIC) invites applications from eligible and qualified candidates for Assistant Administrative Officer posts. Applications are invited for AAO Generalist, AAO IT, AAO Chartered Accountant, AAO Actuarial, AAO Rajbhasha posts. The candidates have to qualify in both Prelims and Mains examination for appointment to the posts. Interested candidates can go through LIC AAO job profile, LIC AAO career, LIC AAO career growth, LIC AAO salary 2022 details below. Understanding the job roles and the duties that the candidates have at the bank will help you asses your skills before applying for the post.
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LIC AAO Job Profile
As the name suggests, the LIC AAO position involves administrative responsibilities. It is a desk job and the roles and responsibilities will slightly be different depending upon the department they work for. The various departments of LIC are as under:
- Actuarial
- Inspection
- New Business
- Finance/Accounts
- Claims
- Information Technology
- Marketing / Sales
- Policy Servicing
LIC AAO Roles & Responsibilities
- The AAO’s have to help the Administrative Officer or the head of the department in supervising the general functioning of the department.
- They have to perform any task given to them by the department head.
- The officers have to coordinate and communicate with other departments.
- They have to provide assistance to clients and customers whenever required.
- They have to research and formulate new schemes.
- Inspecting existing schemes and policies too is the job of LIC AAO’s. They have to look for any error in the existing schemes.
- The Assistant Administrative Officers will also have to manage and file claims and settlements.
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LIC AAO Career Growth
At LIC, the promotion is not very dynamic. However, it is compulsory to serve at least 5 to 7 years to be eligible for the promotion. After having a satisfying experience for a certain period of time, the candidates can be promoted like Administrative Officer (AO)-Assistant Divisional Manager (ADM)-Divisional Manager- Senior Division Manager- Zonal Manager and so on. There are also chances of being promoted to other departments, based on the performance of the candidates. Some of the major branches are,
- Finance Accounts
- New Business
- Information Technology
- Policy Servicing
- Claims
- Marketing Sales
- Inspection
- Legal
- Actuarial
- Systems
LIC AAO Probation Period and Posting Zones
A newly posted employee gets on to the probation period for one year exactly from the date of joining. The period can be extended for up to 2 years, on the basis of the performance of the employee. It is compulsory for the candidates to be in LIC for a minimum of 4 years including the probation period. LIC has most of its branches in rural areas. So, the candidates have to work in rural areas for at least 3 years, being away from their homes.
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LIC AAO Salary Details 2022
The annual increment of a LIC AAO is INR 1610, for the next 14 years from the date of joining. The basic pay after increment is INR 55, 335. The figures of Annual Increment are INR 1745 for the next 4 years. Look details below –
Salary Structure |
|
Basic Pay | INR 32,795/month |
Annual Increment |
INR 1610, for the next 14 years from the date of joining |
Basic Pay after the Increment | INR 55,335/month |
Annual Increment |
INR 1745 for the next 4 years |
Basic Pay after these increments |
INR 62,315/month |
LIC AAO Inhand Salary
According to the latest reports obtained from the commission, the candidates who are joining for the post of LIC AAO will get an in-hand salary that will vary from 58000 Rs to 60000 Rs.
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LIC AAO Salary Slip 2022
Life Insurance commission of India conducts the recruitment examination for the selection of eligible candidates for the post of AAO. This post offers a very colorful salary for the employees too. Along with the salary, the employees will receive a document or a slip which is called the salary slip. This is one of the important pieces of evidence that can be used to prove why the company is paying you the salary and how much is the breakdown. Candidates can also use this salary slip to file their income tax returns with the central government.
LIC AAO Allowances and Benefits
A job as a LIC AAO is the dream of every individual. It comes with a lot of perks and opportunities. There are innumerable reasons behind LIC AAO being so popular among job seekers. Other than receiving a good salary, the employee receives numerous benefits such as allowances. The details are given in the below table.
Allowances and Benefits |
|
House Rent Allowances (HRA) |
Usually given to the employees to reimburse with the cost of living, especially in metropolitan cities. It depends on the area of posting. In the case of big cities, The HRA will be 7%, 8%, 9% of the basic pay. |
City Compensatory Allowances |
The CCA is given depending on the city of posting, it might be 3%, 4% or even 0% of the basic LIC AAO pay structure. |
Dearness Allowance (DRA) |
The DRA is amended every quarter, depending on the Consumer Price index. This usually gets influenced with the rise or fall in inflation. The DRA figures are around 40% of the basic LIC AAO Pay. |
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LIC AAO Selection Process 2022
The selection process of LIC AAO examination includes
- The preliminary examination
- The mains
- and Personal Interview
The LIC AAO prelims include objective-type questions in online mode. The LIC AAO preliminary exams consist of three sections. The reasoning ability, The English language, and Quantitative aptitude with a total of 100 marks.
LIC AAO Exam Pattern
LIC AAO Exam Sections | Maximum Marks | Minimum Qualifying Marks | Duration | |
SC/ST | Others | |||
Reasoning Ability | 90 | 40 | 45 | 40 Minutes |
General Knowledge, Current Affairs | 60 | 27 | 30 | 20 Minutes |
Data Analysis & Interpretation | 90 | 40 | 45 | 40 Minutes |
Insurance and Financial Market Awareness | 60 | 27 | 30 | 20 Minutes |
Total | 300 | – | – | 2 Hours |
English Language (Letter Writing & Essay) | 25* | 9 | 10 | 30 Minutes |
LIC AAO Exam Pattern- Main Exam (IT/ Chartered Accountant / Actuarial)
LIC AAO Exam Sections | Maximum Marks | Minimum Qualifying Marks | Duration | |
– | – | SC/ST | Others | – |
Reasoning Ability | 90 | 40 | 45 | 40 Minutes |
General Knowledge, Current Affairs | 60 | 27 | 30 | 20 Minutes |
Professional Knowledge | 90 | 40 | 45 | 40 Minutes |
Insurance and Financial Market Awareness | 60 | 27 | 30 | 20 Minutes |
Total | 300 | 2 Hours | ||
English Language (Letter Writing & Essay) | 25* | 9 | 10 | 30 Minutes |
LIC AAO Exam Pattern-Main Exam (Rajbhasha)
LIC AAO Exam Sections | Maximum Marks | Minimum Qualifying Marks | Duration | |
– | – | SC/ST | Others | – |
Reasoning Ability | 90 | 40 | 45 | 40 Minutes |
General Knowledge, Current Affairs | 60 | 27 | 30 | 20 Minutes |
Professional Knowledge | 90 | 40 | 45 | 40 Minutes |
Insurance and
Financial Market Awareness |
60 | 27 | 30 | 20 Minutes |
Total | 300 | – | – | 2 Hours |
Knowledge of Language (Descriptive) | 25* | 9 | 10 | 30 Minutes |
LIC AAO Exam Centres
LIC AAO examination is one of the most-awaited and participated examinations in the country. Participants from various parts of the country appear for the examination. LIC AAO examination is conducted at various exam centers and the details regarding the exam centers are given below. Candidates who are preparing for the examination is requested to go through the table given below to find the most convenient exam location.
States/ UT | LIC AAO Exam Centres |
---|---|
Andaman and Nicobar | Port Blair |
Andhra Pradesh | Guntur Kadapa
|
Assam |
|
Arunachal Pradesh | Naharlagun |
Bihar |
|
Chandigarh | Chandigarh-Mohali |
Chattisgarh |
|
Delhi |
|
Goa | Panaji |
Gujarat |
|
Haryana |
|
Uttarakhand |
|
Himachal Pradesh |
|
Jharkhand |
|
Karnataka |
|
Kerala |
|
Rajasthan |
|
Maharashtra |
|
Madhya Pradesh |
|
Manipur | Imphal |
Meghalaya | Shillong |
Mizoram | Aizawl |
Nagaland | Kohima |
Odisha |
|
Punjab |
|
Tamil Nadu |
|
Sikkim | Barding-Gangtok |
Telangana |
|
Uttar Pradesh |
|
Tripura | Agartala |
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