LIC ADO Salary 2023: Candidates who appear for the LIC ADO exam 2023 must go through the detailed LIC ADO salary structure. LIC ADO salary consists of basic pay, in hand salary, job profile, salary slip, etc. The initial basic pay for LIC ADO is Rs. 21,865/month. Furthermore, the LIC ADO pay scale is 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075.
In this article, we have shared complete details about the LIC ADO Salary, Pay Scale, Allowances, job profile, role and responsibilities.
LIC ADO Salary 2023
During the apprentice period, the candidate selected as an Apprentice Development Officer will be paid a fixed amount per month as a stipend, as per the rules of LIC Of India. Apprentice Development Officers, other than those from LIC Employee Category, shall be paid a stipend equal to the minimum of the basic pay and the dearness allowance (DA) as per the Pay Scale applicable to Development Officers as on the date of commencement of the apprenticeship.
At present, the LIC ADO stipend will be approximately Rs 51,500/- per month, except in the case of the candidates selected from the LIC Employee Category. A LIC ADO at a specified Headquarter in the area will be placed in the Pay Scale of Rs 35,650-2200(2)-40,050-2595(2)-45,240-2645(17)-90,205 plus allowances and other benefits as per the rules in force.
LIC ADO Salary 2023 Basic Pay
On appointment as a Apprentice Development Officer, the basic pay of Rs 35650/- per month (except for LIC Employee Category candidates) in the Pay Scale of Rs 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205 and other admissible allowances as per rules shall be payable. Total emoluments at the minimum of the scale will be inclusive of House Rent Allowance (HRA) & City Compensatory Allowance (CCA), wherever admissible depending upon the classification of the city. It will be approximately Rs 56000/- in an ‘A’ Class City.
LIC ADO Salary 2023 Structure
The LIC ADO salary at the time of appointment will be Rs. 35650. Thereafter, there will be an increment after 2 years and so on. The complete LIC ADO salary structure is as follows:
| LIC ADO Salary 2023 | ||
| Year | Increment | Basic Pay |
| Appointment | - | Rs. 35650 |
| After 2 Years | 2200*2 | Rs. 40050 |
| After 2 Years | 2595*2 | Rs. 45240 |
| After 17 Years | 2645*17 | Rs. 90205 |
LIC ADO Salary 2023: Allowances
On appointment as a Probationary Development Officer, candidates shall be eligible for the following allowances, perks, and benefits as below:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- City Compensatory Allowance (CCA)
Other benefits include:
- Gratuity
- Defined Contributory Pension Scheme
- LTC (Leave Travel Concession)
- Medical Benefit
- Group Insurance
- Group Personal Accident Insurance
- Vehicle advance (2-wheeler/4-wheeler)
- Reimbursement towards cost of Brief Case/leather bag,
- Mobile handset
LIC ADO may also become eligible for attractive performance-linked Incentives, on confirmation in service.
LIC ADO Job Profile 2023
As a LIC ADO, the job role will be primarily a field job. The LIC ADO roles and responsibilities are as follows:
- As a LIC ADO, the person will be primarily responsible for performing the marketing job that involves considerable mobility by way of tours covering the entire area allotted to the selected candidate.
- They will be required to locate and sponsor suitable persons to be appointed as Life insurance Agents, train them properly and procure insurance business for the Corporation through his/her unit of Agents. They will also be required to give prompt after sales service to policyholders.
- The recruitment as a LIC ADO is for Urban and Rural Areas and the selected candidates will have to work in these areas.
LIC ADO Career Growth 2023
The LIC ADO career growth is given below.
APPRENTICESHIP PERIOD for LIC ADO
An Apprentice Development Officer will have to undergo Theoretical & Field Sales Training for the period as decided by LIC Of India. The period of apprenticeship shall commence from the date of commencement of the training.
PROBATION for LIC ADO
An Apprentice Development Officer, who successfully completes the apprenticeship and in the opinion of the Recruiting Authority, is suitable for appointment to the service of the Corporation may be appointed as a Probationary Development. The period of probation shall be for 1 year which may be extended up to 2 years. The confirmation to the post of a Development officer will be subject to performance appraisal.
Comments
All Comments (0)
Join the conversation