LIC ADO Salary 2023: The Life Insurance Corporation of India (LIC) conducts a recruitment drive for filling in various posts every year. So, here is the information that a candidate needs to know about the LIC ADO Salary, job profile, and career growth. LIC offers Rs 21,865/- per month, However, there are Other Allowances and various other perks for its employees. Candidates can go through the blog to know more regarding the salary structure and job profile of LIC ADO.
LIC ADO Salary 2023
21865-1340(2)-24545-1580(2)-27705-1610(17)-55075
- This means, on being appointed as an Apprentice Development Officer, the Basic Pay will be ₹ 21,865/- per month (except for Employee Category Candidates).
- There will be an annual increment of ₹ 1340/- for the next two years. At the end of two years, the candidate’s Basic Pay will be ₹ 24545/-.
- After this, there will be an annual increment of ₹ 1580/- for the next two years. The Basic Pay will be ₹ 27705/- at the end of two years.
- Then there will be an annual increment of ₹ 1610/- for the next 17 years. At the end of 17 years, the Basic Pay will be ₹ 55075/-.
- In addition to the Basic Pay, the LIC ADO salary will also include various allowances and other benefits.
- Combining all these, the LIC ADO will be paid ₹37,345/- per month in ‘A’ Class City (LIC ADO Salary – approximate amount).
LIC ADO Allowances
Apart from the monthly salary, the Apprentice Development Officer receives various other allowances like
- Dearness Allowances (DA)
- House Rent Allowances (HRA)
- City Compensatory Allowances (depends on the classification of the city) (CCA)
| Basic Pay | Rs.21,865/-
After Increment- Rs 55,075/- |
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Benefits Along with LIC ADO Salary
- LTC – Leave Travel Concession
- Gratuity
- Special Allowance
- Contributory Pension
- Medical Allowances
- Accident Insurance
- Personal Loans
- Vehicle Loans
- Vehicle Advance (2-wheeler/4-wheeler)
- Monthly Incentives
LIC ADO Job Profile 2023
The LIC Apprentice Development Officers (ADO) is a sales supervision job. The ADOs are required to sponsor suitable candidates to be appointed as LIC Agents and then train them to help them to sell LIC policies to the maximum number of people. The ADOs need to work in both Urban and Rural areas. The ADO cannot be appointed as the LIC Probationary Development Officer.
Guarantee Bond
Selected candidates will be required to give the undertaking to serve the Corporation for a minimum period of four years from the date of joining (including apprenticeship period) before joining as the LIC Apprentice Development Officer, failing which his or her heirs, executors or administrators will be liable to pay liquidated damages of Rs 25,000.
Apprenticeship Period
The newly appointed Apprentice Development Officer needs to undergo theoretical and field sales training.
Probation
The ADO who successfully completes the apprenticeship is suitable for appointment to the service of the LIC as a Development Officer and may be placed on probation. The period of probation is of 1 year and can be extended up to two years.
LIC ADO Career Growth
Candidates who start working as LIC ADO, have a lot of opportunities and huge career growth. Below is the Career Growth listed for LIC ADO
- Apprentice Development Officer
- Probationary Development Officer
- Development Officer
- Assistant Branch Manager
- Branch Manager
- Senior Branch Manager
- Assistant Divisional Manager
- Divisional Manager
- Senior Divisional Manager
- Regional Manager
Hope you have received complete information regarding the LIC ADO Salary, Job Profile, and Career Growth. Start studying well for the exam with a wide range of LIC ADO Books available online.
FAQs on LIC ADO Salary
Is the LIC ADO salary higher than that of the LIC AAO?
An AAO’s first basic pay is Rs. 32,795, whereas an ADO’s is Rs. 21,865. As a result, the LIC ADO salary is lower than that of an Assistant Administrative Officer.
Is LIC ADO a full-time position?
Yes, the position of LIC ADO is permanent, and after the trial term, the employee becomes a confirmed employee.
What benefits does a LIC ADO get?
The following are the allowances available to a LIC ADO:
Allowance for Dearness
Allowance for House Rent
Financial Management of Leave Travel Concessions – Prasanna Chandra City Compensatory Allowance
Insurance for Individuals
Is it possible for a LIC ADO to advance to a higher position?
Internal exams and interviews are held on a regular basis, and employees are encouraged to take part in them in order to advance their careers. Based on their success and expertise, LIC ADOs might be promoted to Regional Manager.
What is the LIC ADO salary in currency?
The in-hand LIC ADO remuneration ranges from Rs 30,000 to Rs 34,000 per month.