LIC AAO Job Profile, Salary, Career

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LIC AAO Job Profile, Salary, Career

LIC AAO Job Profile, Salary, Career – The Insurance Sector has gained monumental popularity over the past few years. Candidates who previous aimed for Banking Jobs are now showing keen interest in building a career in the insurance sector. The Life Insurance Corporation of India will be conducting the recruitment exam for the post of LIC Assistant Officer. This is commonly known as LIC AAO. This year, a lot of candidates have applied for this post and the competition will be tough. But, there are still lots of candidates and first-time applicants who are unaware of numerous facts regarding the job profile, pay scale, salary and career path of a LIC AAO.

Hence, to provide better clarity regarding LIC AAO job description, responsibilities, career path and salary, please read this article very carefully. And if you are confused regarding LIC AAO and ADO (Apprentice Development Officer), refer to the link provided below.

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LIC AAO Job Profile – Duties and Responsibilities

One of the most popular and well-known job profiles of the Insurance Sector is of a LIC Assistant Administrative Officer. The Job Description of a LIC AAO primary revolves around the administrative aspect of Insurance. Being an Assistant Post, you will be working under a supervisor or department head, who will guide you in various tasks.

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The job role and responsibilities of a LIC AAO are quite a few, but the most prominent ones are as follows.

  • Managing and Filling Claims and Settlements.
  • Interacting with Specific Clientèle.
  • Inspect existing policies for errors or misleading facts.
  • Devising new schemes for the company to either replace an existing one or strengthen it.
  • Coordinate with other departments in issues related to claims, settlements, policy revision, guidance etc.

The aspect of travelling on work assignments is quite rare but not non-existent. There might a few instances where you have to travel to a certain place for some assignment. After reading this, there must be a few questions in your mind. Questions like,

If you have these questions in your mind, don’t worry. Our next section will help in gaining more clarity regarding the work environment, job pressure and work schedule of the LIC AAO.

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LIC AAO Work Culture, Environment and Schedule

The post of LIC AAO is of an entry-level managerial executive. As a LIC AAO, you will be taught finance, administration, human resource, project planning etc. which help you in completing your tasks on a daily basis. Since a LIC AAO is mostly assigned administrative work, he/she needs to complete the daily quota of paperwork, which includes filing and double-checking documents related to policies, claims, settlements, accounts, etc. Sales Procurement and Acquisition do not fall in the domain of Assistant Administrative Officer in LIC.

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A LIC AAO has 5-day a week schedule with regular office hours. You can complete your tasks in the designated time period and head home on time. Weekends are non-working. Hence, with a little bit of time management, you can have an amazing work-life balance.

Yet another reason why more and more candidates prefer LIC AAO over Banking jobs is that the job posting in the case of LIC AAO usually occurs in Tier 1 and Tier 2 Cities. Hence, you don’t need to worry about drastic changes in your lifestyle.  

Now let us talk about yet another important factor in deciding whether to go for a career in LIC Administration or not – the pay scale.

LIC AAO Salary, Pay Scale and Job Perks

LIC AAO payscale is as follows –

Rs. 32795 – 1610 (14) – 55335 – 1745 (4) – 62315

The initial basic pay scale of LIC AAO is Rs 32,795 per month. It is the initial basic pay when a candidate joins as AAO. Thereafter, there will be an annual increment of Rs 1,610 for the next 14 years. At the end of 14 years from joining, the basic pay will be Rs. 55,335/-.

After that, an annual increment of Rs 1,745 is provided upon the existing basic pay for the next 4 years. At the end of 18 years of joining as AAO, the basic pay will be Rs 62,315/- per month.

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The same information has been summarised in the table below:

Basic Pay32,795/- p.m
Annual Increment1,610 for the next 14 years from the date of joining
Basic pay after the increment55,335/- p.m
Annual increment1,745 for the next 4 years
Basic pay after these increments62,315/- p.m

Note that, the minimum salary considering the basic pay and HRA, CCA & other allowances will be approximately Rs 57,000/- per month in ‘A-Class city. Besides that, there will also be other benefits as per the govt rules.

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LIC AAO Career Path and Job Promotion

The Life Insurance Corporation of India has a relatively slow scale for promoting employees to higher ranks. As an LIC Assistant Administrative Officer, your first promotion will be of an Administrative Officer.

But, in order to advance to this post, the minimum eligible years of service is 8 years. Hence, you need to work consistently for 8 years in order to be deemed worthy for promotion. The career path of an LIC AAO goes as follows.

  1. Assistant Administrative Officer (AAO)
  2. Administrative Officer (AO)
  3. Assistant Branch Manager (ABM)
  4. Branch Manager (BM)
  5. Senior Branch Manager (SBM)
  6. Marketing Manager (MM)
  7. Divisional Manager (DM)
  8. Senior Divisional Manager (SDM)

Your promotion scale will definitely increase your salary and the number of added benefits and perks which comes with the job promotion.

Excited about the amazing life of LIC AAO? Wish to be one? Here is how you become a LIC AAO.

LIC AAO Exam Pattern 2021

The prelims exam section has the following pattern of the LIC AAO. Check the below-provided table-

SectionsNo. of QuestionsMax. Marks
Reasoning3535
Quantitative Aptitude3535
English Language3030**
Total10070

**English Language Test will be of qualifying nature and the marks scored will not be considered to prepare the merit list for the Mains exam.

LIC AAO Prelims Marking Scheme

  • – One mark will be awarded for every correct answer.
  • – For every incorrect answer, 0.25 marks will be deducted from the total score.
  • – All three sections are separately timed. 20 minutes is allocated to complete each section of the Prelims exam
  • – The total time duration to complete the test is 1 hour.
  • – All the questions are Multiple Choice Questions (Objective Type).
  • – The question paper will be available in English & Hindi (except for English Language Test).

Check the following detailed exam pattern for LIC AAO Mains –

LIC AAO Exam Pattern For Generalist Post

SectionsNo. of QuestionsMax. MarksTime Duration
Reasoning309040 minutes
General Knowledge, Current Affairs304020 minutes
Data Analysis & Interpretation309040 minutes
Insurance and Financial Market Awareness306020 minutes
Total120300120 minutes
English Language (Letter Writing & Essay)22530 minutes

LIC AAO Exam Pattern For Rajbhasha Adhikari/ IT/ Chartered Accountant/ Actuarial Post/ Assistant Engineer

SectionsNumber of QuestionsTotal MarksDuration
Reasoning309040 minutes
General Knowledge, Current Affairs306020 minutes
Professional knowledge309040 minutes
Insurance and Financial Market Awareness306020 minutes
Total120300120 minutes
Computer Knowledge22530 minute

LIC AAO Mains Marking Scheme

  • – A total of 120 questions are asked for 300 marks in the objective test
  • – The descriptive test is conducted for 25 marks and the time allocated to complete the descriptive test is 30 minutes.
  • – All the sections of the exam is separately timed. Candidates need to complete answering the questions as per the respective allocated time.
  • – The English Language test (descriptive paper) is qualifying in nature and the marks scored will not be considered to prepare the merit list.

FAQs For LIC AAO Job Profile

Q: What is the job profile of LIC AAO?
A: The candidates need to check the functioning of the given departments, provide assistance to the clients, research and formulate the new schemes, manage the claims and settlement, etc.
Q: Is LIC recruitment a government job?
A: Yes, recruitment in LIC is classified under government jobs.
Q: Do LIC employees get a pension?
A: Yes, LIC employees will be getting a pension. According to the official notification of LIC AAO recruitment, the candidates will be eligible for the Defined Contribution to Pension.
Q: Is English language paper qualifying in nature?
A: Yes, the English language paper is qualifying in nature.
Q: Is there any sectional timing for the LIC AAO exam?
A: Yes, there is a sectional timing for the LIC AAO exam?

Also Read,

LIC AAO RecruitmentLIC AAO Exam Analysis
LIC AAO Admit CardLIC AAO Syllabus

We hope this detailed article on LIC AE/LIC AAO Syllabus helps you. If you have any queries regarding the same, feel free to drop a comment below. You can also ping us. We will definitely help you out.

4 COMMENTS

    • The chances of that happening are extremely bleak since these events occurred just a few days ago. We would still recommend covering the basic points regarding Rail and Union Budget. All the Best!

    • LIC AAO Recruitment will be out by the End of this year till then you can apply for Banking /SSC Exams as 60% of the syllabus is same.
      Keep learning with OnlineTyari

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