LIC AAO Salary – Job Profile Career Growth, Allowance 

LIC AAO Salary; LIC AAO Job Profile, LIC AAO Career Growth, LIC AAO Allowance & Benefits, LIC AAO vs LIC ADO – Job, Salary, Career Comparison, LIC AAO – Future Prospects & Career Growth – Syllabus, Salary, Exam Date

LIC AAO Salary : – According to the recent LIC Assistant Administrative Officer recruitment notification, the monthly salary is approx Rs.40,245 per month at metropolitan cities. This amount will differ slightly in other cities.

While the above pay is inclusive of allowances, your take home/ in-hand salary could be around Rs.33, 000/ month. Assistant Administrative Officer `s are also entitled for PF, pension, LTC, 2/4 wheeler loans, mediclaim, medical benefits & much more.

Salary to Increase: The pay scale for Assistant Administrative Officer `s is Rs.17240 – 32640, which is pending revision. Once its approved by the government, you can expect an increase in salary for LIC Assistant Administrative Officer employees further.

LIC AAO Salary

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LIC AAO Salary; Work Profile, Allowance Details

LIC AAO vs Bank PO – Salary Comparison

In this section, we will discuss the median salary earned by an LIC AAO and Bank PO. Please refer to the following data table.

 LIC Assistant Administrative OfficerBank Probationary Officer
Rs. 17240 – 40,245 per monthRs. 14,500 – 30,758 per month (For Metro Cities)

 

Rs. 14,500 – 30,448 per month (For State Capital)

Rs. 14,500 – 29,927 per month (For District Level & Rural Level)

For an LIC AAO, the pay scale, benefits and emoluments are explained as follows:

  • The Basic pay is Rs. 17240/- per monthin the scale of Rs. 17240- 840(14) –29000– 910(4) –32640, which is currently under revision.
  • Total emoluments at the minimum of the scale inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city will be approximately Rs 40,245/- per month in ‘A’ Class city.
  • Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Cash Medical Benefit, Group Mediclaim, Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4-wheeler) as per rules.

For Bank PO, the salary breakdown differs from place to place. Refer to the data table below to get a clear picture.

Bank Probationary Officer – Region-Wise Salary Details

Salary BreakdownMetro LevelCapital Level District and State Level
Basic Pay 14,500 14,500 14,500
Dearness Allowance 14485.50 14485.50 14485.50
Compensatory City Allowance 540 375 0
House Rent Allowance 1232.50 1087.50 942.50
Overall Salary 29525.50 29360.5 28985.5
Final Salary (inclusive of HRA) Rs. 30,758 Rs. 30,448 Rs. 29,927

LIC Assistant Administrative Officer – Work Profile & Environment 

Since an LIC Assistant Administrative Officer is mostly assigned administrative work, candidates needs to complete the daily quota of paper work, which includes filing and double-checking documents related policies, claims, settlements, accounts, etc. Seldom gets an Assistant Administrative Officer assigned to activities like client and sales acquisition. The work environment is pretty mild and calm unless there is audit session in motion or coming up in a weeks.

LIC AAO Allowance HRA, DA, Details

  • Dearness Allowance – It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers. It is revised on a quarterly basis and based on Consumer Price Index. Calculation of {Dearness Allowance} depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.
  • HRA
  • Special Allowance This will add in 10th BPS (wef. 01/11/2012) and for Scale, I 7.75% on which Dearness Allowance is also payable
  • CCA {City Compensatory Allowance}
  • Conveyance allowance

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