How long is LIC AAO training?
TRAINING LIC ADMINISTRATIVE OFFICER (AAO) Training period for LIC ADMINISTRATIVE OFFICER is 9 months This training has two parts.
How do LIC agents earn?
Though, Agents earn the commission for the policies they sale. LIC offers 25\% to 35\% commission on the policy premium for the first year, then 7.5\% for 2nd & 3rd Year + 5\% till the policy maturity.
What is the salary of development officer in LIC?
The national average salary for a LIC Development Officer is ₹50,368 in India….LIC Development Officer Salaries.
| Job Title | Salary |
|---|---|
| Life Insurance Corporation of India LIC Development Officer salaries – 16 salaries reported | ₹50,368/mo |
What is the salary of an AAO working for LIC?
An AAO working for LIC will be entitled to an annual increment of Rs. 2,645 on their basic pay (current) for the first 14 years of their tenure/service. After the first 14 years, the basic pay will become Rs. 90,630 and the LIC AAOs will also be entitled to an annual increment of 2,865 (on their basic pay) for 4 years.
What is the salary of an Assistant Administrative Officer in LIC?
As per the recent salary revision, An Assistant Administrative Officer ( (AAO) working for the Life Insurance Corporation of India (LIC) is entitled to a monthly basic pay of INR 53,600.
What is the salary of an AAO at the fourth level?
Both the Administration side and the Marketing side converge at the fourth level of AAO promotion i.e. at DM/MM. DO >ABM (Astt Branch Manager) > BM > SrBM (Senior Branch Manager) and convergence. As an LIC AAO you will receive a basic pay of Rs. 17240/- per month.
What is the dearness allowance given to an AAO in LIC?
For every 4 points in the quarterly average of the All India CPI above 6352 points, an LIC AAO (class 1 officer) will receive 0.08\% of the basic pay as dearness allowance or DA.