LIC AAO Salary 2024 {Shortly} Check In Hand Salary & Perks

LIC AAO Salary:- Assistant Administrative Officer (AAO) at LIC, it’s important to understand the salary range for this position. The starting for an LIC AAO Salary is Rs. 32,795 per month, with additional benefits such as Dearness Allowance, House Rent Allowance, and City Compensatory Allowance. The overall LIC AAO Salary  package for an AAO can vary depending on factors such as experience, location, and performance. In addition to the salary package, LIC offers its employees a range of other benefits such as medical insurance, pension plans, and leave policies. If you’re interested in pursuing a career as an LIC AAO Salary, it’s worth exploring the different opportunities available and considering the overall compensation package offered by the company.

LIC AAO Salary is a topic of great interest to those considering a career in the insurance industry. As an Assistant Administrative Officer (AAO) at LIC, you can expect to earn a competitive salary that includes basic pay, dearness allowance, house rent allowance, and other benefits such as medical coverage, leave entitlements, and pension plans. The starting salary for an LIC AAO Salary is around Rs. 32,000 per month, which can increase significantly with experience and promotions. In addition to the attractive LIC AAO SalaryLIC AAO Salary package, working at LIC also offers ample opportunities for career growth and development.

LIC AAO Salary 2024

Life Insurance Corporation of India is the largest Insurance company in India & securing a permanent Government Job in LIC is a dream come true for Government job aspiring applicants. Aspirants after getting selected as LIC AAO Salary will need to full 1 year probation period, after then they will be consider as permanent employees. If the applicants fail to comply with the service conditions they will be need to pay an amount of 5,00,000 with GST and all other owed taxes to LIC. As the official notification for LIC AAO Salary 2024 is released, the salary structure and other perks are updated according to the current cycle. The basic pay of a LIC AAO is INR 53,600/- per month. An LIC AAO Salary gets many perks and benefits such as HRA and CCA, besides earning a healthy sum.

LIC AAO, or Assistant Administrative Officer, it’s important to know what kind of salary you can expect. The starting LIC AAO Salary for an LIC AAO is typically around Rs. 32,000 per month, with room for growth and advancement within the company. In addition to the base salary, LIC AAO Salary may also be eligible for various allowances such as transport allowance, house rent allowance, and medical benefits. It’s worth noting that the exact salary package may vary based on factors like location and experience level. Aspiring LIC AAO Salary should also keep in mind that this role comes with a significant amount of responsibility and requires strong analytical skills, decision-making abilities, and excellent communication skills.

LIC AAO 2024 Salary Details

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About LIC AAO

The history of insurance probably goes back as far as human history. In the same way that modern businessmen protect themselves from loss and disaster, primitive men had the same instinct. They were also willing to give up something for safety in order to avoid the terrible consequences of fire, flooding, and death. Although the idea of insurance dates back nearly 6000 years, its origins can be traced back to the industrial era, specifically the past few centuries.

LIC AAO is a great option to consider. LIC AAO stands for Life Insurance Corporation of India Assistant Administrative Officer, which is a position within the company responsible for managing various aspects of insurance policies. LIC AAO offers a wide range of insurance products and services to meet the diverse needs of its customers, including life insurance, health insurance, and investment plans. The company has a strong reputation for providing excellent customer service and support, with a team of experienced professionals available to assist customers with any questions or concerns they may have.

LIC Salary 2024- Probation Period

After being selected as Assistant Administrative Officer in LIC, candidates must complete a one-year probationary period beginning on their joining date. A maximum of two years can be added to the Probation Period. During the specified time, aspirants will be subjected to ongoing examination, as stated in the current policy issued by the Life Insurance Corporation of India. According to the organization’s policy, a candidate will be fired if they are unable to meet expectations.

LIC and are wondering about the salary during the probation period, we have some helpful information for you. The starting salary for a Probationary Development Officer (PDO) at LIC in 2024 is expected to be around Rs. 32,000 per month. During the probation period, which typically lasts for one year, employees will receive a basic salary along with various allowances such as house rent allowance and travel allowance. It is important to note that the exact salary may vary depending on factors such as location and experience.

LIC Salary 2024- Guarantee Bond

In order to become an AAO, candidates must promise to work for LIC for at least four years (including the probationary period) from the time they join. Liquidated damages of Rs.5,00,000/- (Rupees Five Lakhs Only) + GST or the sum that the Executive Director (Personnel) may from time to time prescribe will be due in the event that a candidate fails to fulfill this obligation.

LIC Salary 2024 Guarantee Bond is worth considering. This bond provides a guaranteed return on your investment along with tax benefits. The bond has a maturity period of 10 years, and the minimum investment amount is Rs. 5,000. The interest rate for this bond is fixed at 7.6% per annum, which is higher than most other fixed-income options available in the market. This means that you can earn a steady income stream without having to worry about market fluctuations or volatility. Additionally, the LIC Salary 2024 Guarantee Bond is backed by the Government of India, which makes it a safe and secure investment option.

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LIC Salary 2024- Job Profile

If you pass the selection stages, having prior knowledge of the roles and responsibilities of a LIC AAO will help you work confidently. The LIC AAO 2024 job profile can be found in this post.

• Formulating new schemes and checking the thus far existing and new policies.
• Supervising and filing claims & settlements of the customers.
• Rendering assistance and coordinating with the separate other departments as well.
• Maintaining cordial connection with the customers, interacting with them & coming up with solutions to their queries.
• Completing tasks on time, as assigned by the higher departmental power.
• Inspection of existing facts & pointing out factual errors.

LIC Salary 2024- Salary Structure

Life Insurance Corporation of India AAO’s pay scale is 53600-2645(14) –90630-2865(4) –102090. After 18 years of service, the LIC AAO will receive a basic pay of 1,02,090 per month in accordance with the established salary structure. The LIC AAO salary structure includes a variety of allowances and deductions. The specifics of this are provided below.

In order to calculate the LIC AAO’s net salary, certain standard amounts are subtracted from the salary.

LIC AAO Salary 2024- Career Growth

During their employment, every government worker receives a promotion. The Life Insurance Corporation of India AAO is anticipated to receive assistants of a higher grade as a result of the increments. It will also be contingent on the candidate’s performance and experience.

• Administrative Officer
• Assistant Divisional Manager
• Divisional Manager
• Senior Divisional Manager
• Zonal Manager

FAQ About LIC AAO 2024 Salary

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