Job profile of Assistant Administrative Officer in Life Insurance Corporation
The LIC AAO job profile primarily involves more of administrative work more than roles involving face to face interactions with customers. The list of functions you may have to carry out includes, but is not limited to:
- Inspecting and analyzing currently running policies
- Planning new schemes/policies
- Claim processing (Filing and Management)
- Interacting with clients and resolving their queries
- Communicating across departments
- Performning other duties from time to time as specified by your officer-in-charge
AAOs are usually not required to travel. However, at times they may have to travel to follow upon
certain assignments. But as they are not required to interact with clients, these trips are very unlikely
to be for the sale of policies.
Pay scale of an LIC AAO is 17240-840(14)-29000-910(4)-32640 (Under revision)
- Total emoluments including House Rent Allowance & City Compensatory Allowance in a metropolitant city will be approximately INR 40,245 per month
- Medical benefit, Group Mediclaim, Group Personal Accident Insurance, Group Insurance, Vehicle Loan (2/4 wheeler) are available as per rules.
- Other benefits include Defined Contributory Pension, Special Allowance for passing Actuarial Examination, LTC, Cash
LIC is one of the biggest players among the Public Sector Insurance Companies. Being an old company, retirements happen every year at the senior level.
Hence, new recruits have a better than fair chance to move up.
There are two career paths:
1. You get promoted as Administrative Officer (AO), after a few years in the job.
2. You could get transferred to some other department based on your performance/inclination.
There you can become Assistant Branch Manager (ABM) and then Branch Manager (BM)
Training and postings will most likely require you to relocate. LIC AAO is a transferable job as LIC has numerous branches all over India.
However, LIC has most of its branches in cities and towns only. So, you will most likely be placed in a developed/developing area. This is the biggest advantage over Banking Sector jobs,
where you may have to shift to a rural area.