LIC Assistant Administrative Officer (AAO)

LIC_aao_assistant_administrative_officersThe Life Insurance Corporation of India (LIC) hires assistant administrative officers (AAO) regularly for the generalist & accounts division. If you are shortlisted as an AAO, you join for a 1 year (sometimes extended to 2 years) probation/ training period during which you get familiar with the domain of insurance. 

After working at the AAO level for around 3 years, you stand the chance to be promoted as an administrative officer (AO.)

Application Forms Now Available

To meet the recruitment demand, the Life Insurance Corporation of India (LIC) conducts an annual examination.

Online applications have been invited by the LIC for the posts of AAO (generalist & chartered accountants) in the month of January, 2015.

Related careers:

Insurance agents, surveyors

Actuary

Vacancies available currently: 200

Details of posts available:

Assistant Administrative Officer (Generalists for Jammu & Kashmir): 40
Assistant Administrative Officer (Generalists for North East): 60
Assistant Administrative Officer (Chartered Accountant- All India): 100

North Eastern Region: Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura

If you're selected for North Eastern Region and Jammu & Kashmir, you will be posted in that region only, staying their for at least 5 years. No request for transfer from the region will be considered before 5 years are completed. LIC has the authority to post or transfer the candidates anywhere in India.

Important dates

Online registration & payment of application fee: 5 - 22 January, 2015
Download call letter/ admit card for LIC AAO exam: 2nd week February, 2015
Online exam date: 20 February, 2015 (tentative)

Eligibility Criteria

Age - In order to be eligible for this examination you have to be over 21 years old and under 30 years of age on the 1st of April in the year of the exam. The upper age limit is relaxed for SC/ST, OBC, individuals from Short service Commission, and employees of the Life Insurance Corporation.
Educational Qualifications -

  • You should have a degree in graduation from any of the recognized universities of India (for AAO generalist)
  • You should be an Associate Member of the Institute of Chartered Accountants of India (ICAI) (for AAO Chartered Accountant)

Skills and Attributes - The test is designed to evaluate the linguistic proficiency in English, numerical ability, reasoning ability and knowledge of current affairs.

Recruitment Procedure - The recruitment exam for LIC administrative officer is conducted in two parts. The first part is an online  examination qualifying which, the candidates can move on to the second part, which is a personality test (personal interview).

AAO Exam Pattern

The exam will be a 2 hour online test with different pattern for generalist & CA role:

Online exam pattern for AAO Generalist:

Section

No: of questions

Marks

 Reasoning Ability

30

90

 Quantitative Aptitude

30

90

General Knowledge, Current  Affairs

30

60

 Computer Knowledge

30

60

 English Language, with  focus on Grammar,  Vocabulary &  Comprehension

40

-

 Total

160

300

Online exam pattern for AAO Chartered Accountant:

Section

No: of questions

Marks

 Reasoning Ability

30

90

 Quantitative Aptitude

30

90

 General Knowledge, Current  Affairs

30

60

 Professional Knowledge

30

60

 English Language, with  focus on Grammar,  Vocabulary &  Comprehension

40

-

 Total

160

300

AAO Job Prospects

The main duties of an LIC assistant administrative officer lie in administration, development and accounts. Other duties include policy making, policy claims, inspecting clauses in policies, and filing official returns to higher LIC administrative officers. Development administrative officers in insurance companies take on responsibilities such as marketing, meeting prospective clients, receiving contracts and endorsing the policies.

An LIC Administrative officer in accounts would typically handle the income and expenses of the company.

Salary

As an AAO, you will get a basic pay of Rs. 17240 per month in the scale of Rs. 17240- 840(14) –29000– 910(4) –32640 (Under Revision) and other admissible allowances as per rules.

Total pay at the minimum of the scale that includes  House Rent Allowance & City Compensatory Allowance (wherever admissible) depending upon the classification of the city, will be approximately Rs. 38,512 per month in ‘A’ Class city.

Other benefits:

  • Defined Contributory Pension
  • Special Allowance for passing Actuarial Examination
  • Gratuity
  • LTC
  • Medical Benefit
  • Group Personal Accident Insurance
  • Group Insurance
  • Vehicle Loan (2-wheeler/4 wheeler)

If you are selected as AAO (Chartered Accountant), with 2 years of work experience, you stand eligible for 2 advance increments.

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