LIC AAO: Complete JOB Profile in Brief
With many public sector organizations like LIC, National Insurance, Oriental Insurance etc. are coming up with recruitments. The registrations for LIC AAO 2015-2016 recruitment are over and many of you 
might have applied. This vacancy has created quite a buzz in the students. Many students wanted to know whether it is better than a Bank PO. Well the answer to this question depends from person to person and everyone has their own priorities. LIC is one of the pioneer organization in the insurance sector and one of the largest NBFCs. So friends, this article covers every aspect that one should know before joining LIC as AAO.
Job Profile of Assistant Administrative Officer (AAO):
As the name suggests, AAO job involves more of administrative work which includes:
- managing and filing claims, client interactions
- may include devising new schemes, inspecting policies
- perform any other works as and when specified by dept. head/ administrative officer
- coordinating with other department about a scheme/policy, provide assistance
AAO can be posted anywhere in India where the company. AAO is the Head of the Department which they were allotted at the time of Joining.. Other staff members include Assistants and Higher Grade Assistants. A person Joining as AAO is a Class I officer and this is the entry level officer job in Insurance Sector.
Departments in LIC:
Just like any other organization, LIC has different departments which deals with their respective issues. The departments include:
- Claim
- New Business
- Sales
- Accounts
- Policy Servicing
- Office Servicing
The above is the list of departments that one gets allotted once selected in LIC.
Salary of AAO:
As per the standard pay scale for AAO’s in Public sector companies the pay scale for LIC AAO will be 17240-32640, which is pending for revision. Once it’s approved by the government, there will be expectation for increase in salary.
According to the recent LIC AAO recruitment notice, the monthly salary is approx. Rs.40, 245 per month including allowances in metropolitan cities. This amount will differ slightly in other cities. AAO’s are also entitled for PF, pension, LTC, 2/4 wheeler loans, medical benefits & much more.
You can also refer to Preparation strategy for LIC AAO 2016 exam to give your preparation a positive way.
Future Prospects:
Among the public sector insurance companies, LIC is the majority player with crores of policy holders. But, every organization has different ranks/designation in the hierarchy of the organizational structure. The promotion in LIC will be from time to time and there is no certification like JAIIB/CAIIB in insurance sector. So, what you need to do is wait for your turn to get the promotion after certain period of time. Below are the designations that one gets after getting promotion from AAO.
So Aspirants, no need to have a second thought for this kind of job. This might be an opportunity knocking your door. The exam will be in the month of March and you have a lot of time to prepare for the exam. This kind of opportunity comes once in an year and this is the time to go for it.
Good to Read: LIC previous year cut offs which will give you idea for your best preparation.
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