LIC AAO Recruitment Notification for 2016 for 700 Posts. LIC AAO Syllabus. AAO Exam Pattern.
About Life Insurance Corporation Of India:
LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June, 1989 under the Companies Act, 1956, the Company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.1009.9 Million ( Rs.100.99 Crores). The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.
The main objective of the Company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centers / Office Space and also for purchase of equipment's. The Company also provides long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.
Name Of The Post:
Assistant Administrative Officer (AAO)
LIC AAO Salary 2016:
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 emoluments at the minimum of the scale inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city will be approximately Rs 40,245/- per month in ‘A’ Class city. Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Cash Medical Benefit, Group Mediclaim, Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4 wheeler) as per rules.