November 14, 2018

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LIC AAO Job Profile, Salary & Future Growth

LIC AAO Job Profile, Salary & Future Growth

There is not much awareness about jobs in insurance companies compared to bank jobs.With many public sector insurance organizations like LIC, National Insurance,Oriental Insurance etc are coming up with recruitments, candidates are very eager to know about the AAO Job Profile.

So we are publishing this article that will talk about the duties, salary & future growth aspects of this position. I hope you know that similar to government owned banks there are public sector insurance companies as well.The most popular PSU`s in this sector are LIC, NIC, GIC, UIIC, NIC, OILC etc.

AAO Job Profile:

What is the role of an Assistant Administrative Officer? is one question constantly asked by aspirants.

With the latest LIC AAO 2016 recruitment being announced for 700 vacancies, freshers will surely be interested to apply for these posts.

As the name suggests, AAO job involves more of administrative work that

  • may include devising new schemes, inspecting policies,
  • managing & filing claims, client interactions,
  • co­coordinating with other depts. about a scheme/ policy, provide assistance etc.
  • perform any other works as & when specified by dept head/ administrative officer.

AAO`s may not require to travel but at times, they will have to visit certain areas for follow up & not specifically for sales.

If you are appointed as AAO (Specialist) posting could be in specific departments within the organization like Legal, Marketing, Systems, Claims, Customer service etc & the responsibilities for each will vary.

There is also another position called Apprentice Development Officer (ADO) whose main job is to recruit agents, give them required training for policy sales & enable them to provide service for existing customers.The job profile of AAO & ADO are completely different.

AAO Salary:

The standard payscale for AAO`s in public sector companies is Rs.17240 – 32640, which is pending revision.Once its approved by the government, you can expect an increase in salary further.

According to the recent LIC AAO recruitment notice, the monthly salary is approx Rs.40,245 per month (including allowances) metropolitan cities.This amount will differ slightly in other cities.

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

Future Prospects:

 Among the public sector insurance companies, LIC is the majority player with crores of policy holders.Therefore, it requires large number of employees to reach out to its current user base & also bring new business.

As senior level retirements are happening every year, new recruits have a very good chance to move up the ladder through promotions.

After gaining certain level of experience, AAOs are promoted as Administrative Officer There are also chances to move to other departments or position such as Assistant Branch Manager (ABM) through internal posting.

Since promotions depend on various parameters set by the respective company, exact duration cannot be commented by us.But industry experts say such pushes happen after 5 years (minimum)

Now having read about the AAO job profile, apply online : Click Here

AAO Previous Year Papers : Click Here

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