There is not much awareness about jobs in insurance companies compared to the buzz around banking jobs.With many public sector insurance organizations coming up with recruitments for AAO & ADO - job seekers have started to notice, but are confused on the job profile.
Similar to government owned banks there are public sector insurance companies as well.So of the most popular PSU`s are LIC, NIC, GIC, UIIC, NIC, OILC etc.
What is the role of an Assistant Administrative Officer? is one of the question constantly asked by aspirants.
As the name suggests, AAO job involves more of administrative work that
- may include devising new schemes, inspecting policies,
- managing & filing claims, client interactions,
- co-coordinating with other depts. about a scheme/policy, provide assistance etc.
Since they could be posted in specific departments within an organisation like Legal, Marketing, Systems, Claims, Customer service etc. the responsibilities for each will vary.
There is also another position called Apprentice Development Officer (ADO) whose main job is to recruit agents, provide them with required training for policy sales & provide service for existing customers.The job profile of AAO & ADO are completely different.
The standard payscale for AAO`s in public sector companies is Rs.17240 – 32640.In metros, the monthly salary is approx.Rs.33418 that will differ slightly at other cities.
They are also entitled for PF, pension, LTC, loan & medical benefits.
With the increase in FDI limit, Insurance sector is expected to grow manifold in the coming years.This shall propel current employees to move up the ladder through promotions.
|After gaining certain level of experience, AAOs are promoted as Administrative Officer.Since promotions depend on various parameters set by the respective company, exact duration cannot be commented by us.But industry experts say such pushes happen after 3 years.|
Recently, there were two notifications from India`s largest public sector insurance company - LIC recruitment of 750 AAO