LIC ADO Salary 2024 {Release Date} Pay Scale, Job Profile, Allowances & Benefits

LIC ADO Salary:- Life Insurance Corporation is an Indian state-owned insurance group & investment company. Securing a job in such an company is a dream of many aspirants. The LIC Apprentice Development Officer post is a sought-after job in the current stage. It is important to have a glance at the salary structure, pay scale & job profile of the LIC ADO. The Life Insurance Corporation supply a decent salary with benefits. In this article, we have covered the salary structure of the LIC ADO, benefits & a list of allowances specified to them. Read further for the LIC ADO Salary particular.  The basic pay, grade pay & numerous allowances and benefits are a part of the LIC ADO Salary structure.

LIC ADO (Apprentice Development Officer), you may be wondering about the salary and benefits. The starting salary for a LIC ADO is around Rs. 21,000 per month, with opportunities for regular increases based on performance and seniority. In addition to the base salary, LIC ADOs are eligible for a variety of benefits, including health insurance, travel allowances, and retirement plans. As an ADO, you’ll also have the opportunity to earn commissions and bonuses based on your sales performance. Overall, the salary and benefits package for a LIC ADO is competitive and provides ample opportunities for growth and advancement within the company.

LIC ADO Salary 2024

The basic pay, grade pay and numerous allowances and interest are a part of the LIC ADO Salary structure. The basic pay for LIC ADO span from ₹ 21,865 to ₹ 55,075 per month, depending on the position of the posting. Candidates must be well acquainted with the LIC ADO salary and job profile as it motivates applicants to prepare well for the examination. In addition to the LIC ADO salary, Students also have the opportunity to earn performance-based incentives and bonuses based on their show and sales targets. The insurance sector has recently been gaining popularity among government job applicants as it provides much better & more comfortable working state with a five-day workweek & many other similar facilities for its worker.

LIC ADO (Apprentice Development Officer), it’s important to know what kind of salary you can expect. The starting basic pay for an LIC ADO is Rs. 21,865 per month, with additional benefits and allowances such as dearness allowance, house rent allowance, and travel allowance. In addition to the salary, LIC ADOs also have opportunities for career growth and advancement within the company. If you’re interested in pursuing a career as an LIC ADO, it’s worth doing your research and speaking with current or former employees to get a better understanding of the role and its compensation structure.

LIC ADO Salary 2024 Details

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About LIC ADO

Every day we wake up to the fact that more than 250 million lives are part of our family called LIC. We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed. Though this journey started over six decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 65 years has been a process called TRUST.

LIC ADO, one of the first things you will want to know is the salary. As an Apprentice Development Officer (ADO) at Life Insurance Corporation of India (LIC), your salary will vary depending on several factors such as location, experience, and performance. In addition to basic pay, LIC ADOs are also eligible for various allowances and benefits such as medical insurance, travel allowance, and bonuses based on performance. Overall, a career as an LIC ADO can be both financially rewarding and fulfilling in terms of personal growth and development.

LIC ADO Salary 2024- Apprenticeship Period

The date on which training begins will be the beginning of the apprenticeship period. During the apprenticeship period, candidates will receive a fixed monthly stipend in accordance with the guidelines of the Life Insurance Corporation of India. With the exception of candidates for the LIC Employee Category, the monthly stipend will be approximately Rs. 51500.

LIC ADO Salary 2024- Probation

A Student Improvement Official, who effectively finishes the apprenticeship time frame will be named as a Trial Advancement. If the recruiting authority determines that the candidate is qualified to serve the Corporation, the appointment will be made. The probationary period must be one year, but it can be extended up to two years. The candidate will be appointed to the position of Development Officer as per the performance evaluation.

LIC ADO Salary Structure 2024

As India’s largest insurance company, Life Insurance Corporation of India (LIC) is an aspirant’s dream come true. Before applying for the exam, candidates must be familiar with the LIC ADO in hand salary, job profile, allowances, and career growth. The workers assigned as LIC ADO alongside essential compensation get other worthwhile remittances and advantages. A LIC ADO’s salary structure is shown in the table below.

LIC ADO Salary 2024- Pay Scale

Candidates for the position of Probationary Development Officer will receive a basic salary of Rs. 35650/- per month, with the exception of candidates in the LIC Employee Category, in the range of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. Depending on the city, the House Rent Allowance and the City Compensatory Allowance are included in the net salary. An employee’s net in-hand salary will be approximately 56,000/- in an “A” Class city.

LIC ADO Salary 2024- Allowances

The following are the benefits that an LIC ADO employee receives:

A LIC ADO may also receive the following benefits in addition to allowances.

• Reward
• Defined Contributory Pension Scheme
• LTC(Leave Travel Concession)
• Medical Benefit
• Group Insurance
• Group Personal Accident Insurance
• Vehicle Advance (2-wheeler/4-wheeler)
• Reimbursement Towards the Cost of Brief Case/leather bag
• Mobile Handset
• Supply of Dailies as per Rules and on Confirmation in Service
• Incentives on outstanding performance

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LIC ADO Salary 2024- Job Profile

The administration of sales is the primary focus of the LIC ADO’s work. The LIC ADO is responsible for recruiting and properly training the agents. LIC ADO should keep a look on the work profile of the specialist and ensure that they offer life coverage to a most extreme number of individuals. The Apprentice Development Officer (ADO) will be required to participate in both theoretical and field sales training during the Apprentice Period. The Understudy Time of LIC ADO will begin from the day their preparation starts and during this stretch of time they should encounter Hypothetical as well as Field Deals Preparing. The Apprentice Period will be followed by a Probation Period of at least one year for the LIC ADO. During probation, the responsibilities will be identical to those of the appointed ADO.

LIC ADO Salary 2024- Career Growth

Apprentice Development Officer (ADO) candidates at the LIC stand to benefit greatly from career advancement. By passing the LIC departmental exams, aspirants joining as ADO have a very good chance of being promoted to Regional Manager. The ADO career progression hierarchy is outlined below.

• Apprentice Development Officer
• Probationary Development Officer
• Development Officer
• Assistant Branch Officer
• Branch Officer
• Senior Branch Officer
• Assistant Divisional Officer
• Divisional Officer
• Senior Divisional Manager
• Regional Manager

FAQ About LIC ADO Salary 2024

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