LIC AAO Salary 2021: Check In Hand Salary, Pay Scale - HelpStudentPoint
LIC AAO Salary 2021: Check In Hand Salary, Pay Scale
By On May 12th, 2021
lic aao salary slip, lic aao syllabus, lic aao salary slip 2021, lic officer salary, lic aao salary after 10 years, lic aao 2021, lic sdm salary, lic aao salary and perks, LIC AAO Officer Salary Structure, LIC AAO Officer Allowances, LIC AAO Salary In Hand, LIC AAO Annual Package, LIC AAO Officer Job Profile, LIC AAO Officer Career Path

Those Candidates who are focusing to make their career in insurance sector, have dreams to work with India’s Insurance sector Leader Life Insurance Corporation (LIC) of India. LIC AAO Officer is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society. Every year larger number of insurance aspirants give their best to get the tag of LIC.

LIC AAO Officer Salary Structure
Period LIC AAO Basic Salary Increment
Basic Pay INR 32795/-
Every year for first 14 years INR 32795/- 1610/-
Every year For the next 4 years INR 55335/- 1745/-
Till Retirement INR 62315/-
LIC AAO Officer Allowances
  • House rent allowance : LIC AAO Officer most likely gets 2/3 BHK upon confirmation. In some case, if someone has been not allocated a flat, LIC gives HRA depending on Place of Postings.
  • Allowance for OPD treatment (Non hospitalisation)- The LIC AAO can claim bills of upto 4000 per month for OPD treatment.
  • Dearness Allowance- 40 percent of Basic
  • City Compensatory Allowance(CCA)- 0% – 4% of the basic pay (Location dependent)
  • Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
  • Furniture Allowance- 1.20 lakhs plus GST ( For electronic furniture it’s 60 thousand plus GST which is reinstated after 3 years and for non- electronic it’s 60 thousand plus GST which is reloaded after 5 years.)
  • Leave Fare Concession Travel (LFC):One of the best perks of LIC is LFC Travel allowance. Once in two years for self, spouse and eligible dependents. Bank provides around Rs 107000 per person for this.
  • Petrol allowance- 150 Liters of petrol. (30 liters of extra petrol for all those living in Mumbai, Delhi, Chennai or Bangalore)
  • Entertainment allowance – 3 thousand in every three month.
  • Loan Benefits-Officers can get credits and advances at a substantially less expensive rate for Housing, Vehicle, and Computers and so on and according to the bank’s policies.
  • Education allowances:- Selected officers will receive education allowances for their family. The Annual reimbursements of education allowances are up to Rs. 4000/per month.
LIC AAO Salary In Hand 
  • At present, initial monthly gross emoluments are ₹65 k/- (approx)
LIC AAO Annual Package
  • The minimum cost to company (CTC) 9 lakhs and maximum CTC is 11 lakhs. The variation totally depends on the place of posting
LIC AAO Officer Job Profile
  • Supervise the functioning of the assigned departments
  • Provide assistance to clients and customers as and when necessary.
  • Research and formulate new schemes
  • Manage and file claims and settlements
LIC AAO Officer Career Path
Along with handsome salary and allowances, there are immense opportunities to grow.

The career growth that happens after the LIC AAO post are given in the order below:

  • Administrative Officer (AO)
  • Assistant Divisional Manager (ADM)
  • Divisional Manager (DM)
  • Senior Divisional Manager (SDM)
  • Zonal Manager
LIC AAO Officer Useful Article Read Also
LIC AAO Previous Question Paper
LIC AAO Syllabus 2021 
LIC AAO Best Books
LIC AAO Exam 2021
Official Website 

LIC AAO Salary FAQs

Question- What is the starting basic salary of LIC AAO?

Answer- The starting basic salary of LIC AAO is 32795/-

Question- What is the status of leave in LIC AAO?

Answer- The leave is according to government and banks norms as like other government job.

Question- What is the in hand salary of LIC AAO?

Answer- The in hand salary of LIC AAO is around 65k  based on place of posting.

Post Related :- Banking Job Salary, Salary
Any Doubt Question Answer :-

Leave a Reply

Your email address will not be published. Required fields are marked *

Don`t copy text!