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LIC AAO Salary 2023: In Hand Salary, Salary Slip, Pay Scale, Perks

27 Feb, 2023

LIC AAO Salary 2023: In Hand Salary, Salary Slip, Pay Scale, Perks

With the release of LIC AAO Notification 2023 for 300 posts, LIC has revised the salary of Assistant Administrative Officer posts. LIC AAO salary 2023 is an attraction to graduate aspirants, that's the main reason each year lakhs of candidates rush to grab this job opportunity.

The LIC AAO salary is including more than one benefit and allowance that every worker is liable to get.

Details of LIC AAO In-hand Salary 2023

The initial revised basic salary offered to a LIC Assistant Administrative Officer is Rs. 53600/- per month. As in keeping with the revised LIC AAO salary 2023, there may be 4 advance increments in the compensation of Rs. 53600- 2645(14) –90630– 2865(4) –102090.

This means the AAO will get a simple of Rs 53600 with an increment of Rs 2645 for the subsequent 14 years, followed by a basic Rs 90630 with an annual increment of Rs 2865 for the subsequent 4 years, and so forth. The maximum basic salary will be Rs 102090.

LIC AAO Structure of Salary 2023

The salary structure has been prepared in keeping with the revised LIC AAO salary, the applicants who are dreaming of the job opportunity of LIC Assistant Administrative Officer should be aware of the expanded earnings of LIC AAO.

LIC AAO Salary format 2023 (Revised)

  • Basic Pay Rs. 53,600
  • Special Allowance Rs. 4,500
  • DA Rs. 21,500
  • HRA Rs. 3,752
  • Transport Allowance Rs. 1,960
  • Gross revenue Rs. 85,612
  • Deduction (PF/Income Tax/professional Tax/Pension) Rs. 10,561
  • Net earnings Rs. 75,051

LIC AAO Salary 2023 Deduction

From the Gross earnings of LIC AAO i.e. Rs. 85,612, the following monthly deductions could be done and then the officers get the in-hand amount of Rs. 75,051.

Check the LIC AAO revenue Deduction as detailed under:

LIC AAO salary Deduction Particulars Amount

  • NEW GI Rs. 137/-
  • Mediclaim Rs. 200/-
  • GIS Rs. 3,050/-
  • GTIS Rs. 241/-
  • DCPS Rs. 6,933/-
  • Total Deductions Rs. 10,561

Information about the LIC AAO Salary 2023 - Probation Duration

A candidate after appointment will be on probation for 12 months from the date of becoming a member. This period may be prolonged up to two years. All through the length of probation, the candidates may be subjected to continuous assessment as per the organization's extant policy.

If any candidate fails to obtain the minimum popular stipulated their services can be terminated as in step with the policy of the enterprise under pressure at the material time.

Guarantee Bond for LIC AAO Salary 2023

LIC has constant a guarantee Bond for the applicants who are decided on for the publication of LIC AAO (Assistant Administrative Officer). Before joining as a Probationer, candidates can be required to present the task to serve LIC for a minimal duration of 4 years from the date of joining (which includes the probationary duration) failing which, he/she, or his /her heirs, executors, directors will be susceptible to pay liquidated damages of Rs.5,00,000/-only (Rupees 5 Lakhs only) + GST or the sum of amount the executive Director (employees) may also prescribe sometimes. GST or some other tax payable shall also be borne by the candidate.

LIC AAO Salary - Job Profile

Following are the roles and duties of a LIC Assistant Administrative Officer (AAO) as enlisted under:

  • LIC Assistant Administrative Officer has to formulate new schemes and take a look at the already present and new rules.
  • LIC Assistant Administrative Officer has to supervise and report claims and settlements of the clients.
  • Rendering help and coordinating with the respective other departments properly.
  • Retaining cordial relations with the clients, interacting with them, and developing answers to their queries.
  • Finishing responsibilities on time, as assigned through the higher departmental authorities.
  • Inspection of present information and stating actual mistakes.

LIC AAO Perks and Allowances 2023

Numerous perks and allowances upload as much as the LIC AAO in-hand salary, they cumulatively upload the amount. Along with a notably reliable task profile, and a handsome revenue structure, the perks and allowances upload as much as the fascination of the job.

House Rent Allowance (HRA)

It relies upon the region of posting. If the employees are published in metropolitan cities then it would be 9%, 10%, and 11% of the basic pay.

City Compensatory Allowance (CCA)

It additionally relies upon the region of posting and it could be 4%, 3%, or even 0% of the LIC AAO primary Pay.

Dearness Allowance (DA)

Dearness allowance is revised in each region primarily based on the CPI (customer fee Index). This gets tormented by the increase or decrease in inflation. This factor of LIC AAO revenue forms around 40% of the basic Pay.

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