Understanding the Updated Salary Structure for LIC AAO and Assistants

The Life Insurance Corporation (LIC) of India offers a range of positions, including Assistant Administrative Officers (AAOs) and Assistants. These roles are crucial in the day-to-day functioning of the organization. As of my last update in August 2023, the salary structures for these positions have seen some modifications, particularly for AAOs. Below, we delve into the updated salary structures, including basic pay, allowances, and additional benefits.

LIC AAO Salary Structure

For AAOs, as of the recent updates, the salary structure has incorporated several changes, particularly for those posted in New Delhi. Here is a detailed breakdown of the updated salary:

Basic Pay: The basic pay has been increased to ?53,600 per month. Dearness Allowance (DA): DA is currently set at 32.31% of the basic pay, which amounts to ?17,319 per month. Transport Allowance: A fixed amount of ?1,960 per month is provided. Cadre Special Allowance (CSA): A new allowance introduced, amounting to ?4,500 per month. HRA (House Rent Allowance): The HRA is a percentage of the basic pay, calculated at 10%, which totals ?5,360 per month. cca (Conveyance and Travelling Allowance): Based on the city, it is calculated at 3% of the basic pay, bringing it to ?1,608 per month. Special Allowance: This can vary based on technical qualifications: Licentiate: ?650 per month Associate: ?2,600 per month Fellowship: ?5,200 per month Gross Salary: By adding all these allowances, the gross salary for a newly joined AAO in New Delhi will be in excess of ?84,000 per month.

Additional Benefits for AAOs

Meal Coupon: A daily meal coupon at the rate of ?220, adding an estimate of ?5,000 per month. Other Allowances: This includes Entertainment Allowances at ?800 per month, Household Expenses at ?1,000 per month, Newspaper Reimbursement at ?400 per month, and Mobile Recharge Reimbursement at ?400 per month. Total Allowances: These additional benefits amount to approximately ?10,000 per month.

LIC Assistant Salary Structure

For Assistant positions, the basic pay is ?23,465 per month. Here is the allowance breakdown:

Dearness Allowance (DA): Similar to AAOs, DA is set at 32.31% of the basic pay, which amounts to ?7,581 per month. HRA (House Rent Allowance): HRA calculated at 10% of the basic pay, which totals ?2,346 per month. cca (Conveyance and Travelling Allowance): Similar to AAOs, it is calculated at 3% of the basic pay, bringing it to ?604 per month. Special Cadre Allowance (CSA): A fixed amount of ?2,000 per month. Meal Coupon: A daily meal coupon, valued at ?170, giving an estimate of ?5,100 per month. Total Allowances: These allowances, when combined, amount to approximately ?15,485 per month.

Additional Benefits for Assistants

In addition to the above allowances, assistants receive:

Other Allowances: This includes Household Expenses at ?1,000 per month, Entertainment Allowances at ?800 per month, Newspaper Reimbursement at ?400 per month, and Mobile Recharge Reimbursement at ?400 per month. Total Additional Benefits: These allowances amount to approximately ?3,600 per month.

It is important to note that the actual salaries and allowances can vary based on location and other factors. For the most accurate and updated information, you should refer to the official LIC website or recent announcements from the organization.

Frequently Asked Questions (FAQs)

Q: What is the basic pay for an AAO?
A: The basic pay for an AAO has been increased to ?53,600 per month.

Q: What are the total salary estimates for an AAO and Assistant in New Delhi?
A: A newly joined AAO in New Delhi can expect a gross salary in excess of ?84,000 per month, while an assistant can expect a gross salary of around ?38,652 per month.

Q: What additional benefits do AAOs and Assistants receive?
A: Both positions come with various benefits such as medical insurance, pension schemes, and opportunities for promotions.