Here in this article, we have discussed LIC AAO Salary 2021 for the applicants applying for the recruitment exam. The selected candidates in LIC AAO 2021 must know the LIC AAO Salary 2021 payment scheme.
The Life Insurance Corporation of India will soon invite the application for hiring eligible candidates for the post of Assistant Engineers (A.E) – Civil/ Electrical /Structural /MEP & Assistant Architect (A.A) and Assistant Administrative Officer (AAO) Specialist on the official website.
All the interested and eligible applicants should submit the application form on or before the last date. For eligibility details check out the details on LIC AAO Eligibility. The LIC AAO 2021 will be conducted in three different stages that are Prelims, Mains, and Interview Round stated in the LIC AAO Notification 2021.
Let’s get more information about LIC AAO Salary from the table given below:
LIC AAO Salary 2021 Basic Salary + Increment
| Rs 32, 795 (Along with 2 advance increments) |
| Increment of Rs 1610 for next 14 years |
Basic Pay after Increment | |
| After that, Increment of Rs 1745 for the next 4 years |
Basic Pay after Increment | |
Total in-hand salary (Including all the allowances | |
LIC AAO Salary 2021 Pay Scale
The basic pay is Rs. 32795/- per month (Along with 2 advance increments) on the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315 for the profile of LIC AAO. The applicants will also receive Dearness Allowance, House Rent Allowance, City Compensatory Allowance, and other allowances with the basic pay. The total emoluments inclusive of all the allowance for Class A city will be approx. Rs 57,000-/ per month.
Note:
- Dearness Allowances: 40 % of basic pay (Approx)
- City Compensatory- 3% or 4% (Depending on posting city)
- House Rent Allowances- 7% to 9% of the Basic Pay (Depending on posting city)
- Defined Contributory Pension
- Gratuity
- LTC
- Cash Medical Benefit
- Group Mediclaim
- Group Personal Accident Insurance
- Group Insurance
- Vehicle Loan (2-wheeler/4 wheeler)
- meal coupon,
- reimbursement of the cost of Briefcase/leather bags
- Mobile Handset
- Mobile Expenses, and etc
LIC AAO Salary 2021 Perks
HRA or House Rent Allowance: – The employee will get the House Rent Allowance to meet the house rent expenses or requirements. The rate varies and depends on the job postings from metro cities to rural areas.
TA or Travelling Allowance: – The employee gets TA to fulfill their daily commuting expenses or cost. The bank may offer petrol bill reimbursement as most of the officers, commute on their two-wheeler or 4-wheeler, whereas others may get a fixed amount of TA on a monthly basis.
Medical Bill: The bank employee gets a fixed amount of money to meet their yearly medical expenditure.
LIC AAO Selection Process 2021
The final selection of the applicants in LIC AAO is done after three stages of the exam. LIC will declare the LIC AAO Cut-off 2021 score after each round. The applicants who will be able to score more than the cut-off marks will be selected for the next round of the selection process. The applicants who will qualify in each of the rounds will be considered for provisional allotment.
However, candidates need to qualify for each round of exams to be eligible for the next. Hence applicants need to qualify in the 1st round of Prelims to appear for the 2nd round of Mains and then clear the 2nd round to be eligible for an interview. Let’s have a look at some of the details of the exam:
- The final merit list will be released by LIC after all the shift and round of exam is over.
- The final merit list will be prepared based on the marks secured in the mains exam and interview round
- Each round of exams will have separate cut-off marks. The applicants to score more than the cut-off to qualify in each round.
- The applicants need to bring all certificates or documents relating to educational qualification, citizenship, case, certificate of disability, and certificates relating to age relaxation if applicable. If the candidates fail to produce or verify any documents, then the applicant’s candidature may get canceled.
- The applicants are advised to keep all documents and certificates ready along with their Xerox to avoid any kind of confusion during the verification process.
LIC AAO Salary-Promotion Scope
The candidates selected for the post of LIC AAO will be promoted based on the seniority level as well as other eligibility for the post. The promotion hierarchy is given below:
Administrative Officer (AO)
Assistant Divisional Manager (ADM)
Divisional Manager (DM)
Senior Divisional Manager (SDM)
Zonal Manager, so on
LIC AAO Salary FAQs
What is the basic pay of the LIC AAO 2021?
The basic pay of LIC AAO is Rs Rs 32, 795.
What is the pay scale of LIC AAO 2021?
The basic pay is Rs. 32795/- per month (Along with 2 advance increments) on the scale of Rs. 32795- 1610(14) –55335– 1745(4) –62315 for the profile of LIC AAO.
What are the allowances offered along with the LIC AAO Salary 2021?
The applicants will also receive Dearness Allowance, House Rent Allowance, City Compensatory Allowance, and other allowances with the basic pay.
Author: Kanak Joshi
Kanak Joshi is an experienced content writer with a demonstrated history of working in the education news domain for the last two years. Her role at admisure is write to SEO-based and Unique articles. Skilled in Search Engine Optimization, Microsoft Words, Microsoft Excel, and Web Content Writing.
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