LIC ADO Salary 2023: An important aspect that a candidate preparing for LIC ADO must be aware of is the salary. Aspirants get motivated and start their preparation in a full-fledged manner after knowing the salary and job profile of LIC ADO. The job of LIC is very popular among youngsters and this too will be a golden opportunity for the candidates. In this article, we have provided you with the LIC ADO Salary 2023 in detail including the in-hand Salary Structure, Allowance, Perks, Job Profile & Career Growth.
LIC ADO Salary 2023
Life Insurance Corporation of India offers a lucrative salary to the employees working as Apprentice Development Officers in the organization. The in-hand salary received lies in the range of Rs. 50,000/- to Rs. 56,000/ which includes the basic pay as well as the perks and allowances. LIC ADO Salary 2023 varies as the house rent allowance and city compensatory allowance vary as per the classification of the cities.
LIC ADO Salary 2023: Overview
The overview table provides a quick recall to the aspirants regarding LIC ADO Salary 2023.
|LIC ADO Salary 2023: Overview|
|Organization||Life Insurance Corporation of India|
|Exam Name||LIC ADO Exam 2023|
|Post||Apprentice Development Officer|
|Selection Process||Prelims, Mains, Interview|
|Job Location||All across India|
|LIC ADO Salary 2023||Check This Post in Hindi|
LIC ADO Salary 2023: Apprenticeship Period
The apprenticeship period will start from the date of the commencement of training. As per the rules of Life Insurance Corporation of India during the apprentice period, the candidates will be paid a fixed amount per month as stipend. The amount of stipend will be approximately ₹51500/- per month, except for LIC Employee Category aspirants.
LIC ADO Salary 2023: Probation
An Apprentice Development Officer, who successfully completes the apprenticeship period will be appointed as a Probationary Development. The appointment will be done by the recruiting authority if he thinks that the candidate is suitable to provide service to the Corporation. The period of probation shall be for one year which may be extended up to two years. As per the performance appraisal the candidate will be confirmed to the post of Development Officer.
LIC ADO Salary Structure 2023
Life Insurance Corporation of India(LIC) is the largest Insurance company in India and securing a job in LIC is a dream for the aspirants. Candidates must know the LIC ADO in hand salary, job profile, allowances, and career growth before applying for the exam. The employees designated as LIC ADO along with basic pay receive other lucrative allowances and perks. The salary structure of a LIC ADO is mentioned in the table below.
|LIC ADO Salary Structure 2023
|Dearness Allowance||40% of the Basic Pay|
|House Rent Allowance||7-9% of the Basic Pay|
|City Compensatory Allowance||0-4% of the Basic Pay|
LIC ADO Salary 2023: Pay Scale
After getting appointed as a Probationary Development Officer, candidates will receive a basic pay of Rs. 35650/- per month (except
for LIC Employee Category candidates) in the pay scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. The net salary includes the House Rent Allowance and City Compensatory Allowance depending upon the classification of city. In an ‘A’ Class City the net in-hand salary received by an employee will be approximately ₹ 56000/-
LIC ADO Salary 2023: Allowances
The allowances that a LIC ADO Employee are benefitted with are mentioned below:
LIC ADO Salary 2023: Allowances
40% of the Basic Pay(depends on inflation rate)
House Rent Allowance
7-9% of the Basic Pay(depends on location)
City Compensatory Allowance
0-4% of the Basic Pay(depends on location)
As announced by LIC
Special Personal Allowance
As announced by LIC
Other than allowances some other benefits received by a LIC ADO are listed below:
- 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
LIC ADO Salary 2023: Job Profile
The job of LIC ADO is mainly focused on sales administration. LIC ADO have to recruit the LIC Agents and train them properly. LIC ADO will have to keep a look on the work profile of the agent and make sure that they sell life insurance to a maximum number of people. During the Apprentice Period, Apprentice Development Officer(ADO) will have to experience Theoretical as well as Field Sales Training. The Apprentice Period of LIC ADO will start from the day their training begins and during this time span they will have to experience Theoretical as well as Field Sales Training. The LIC ADO will have to undergo a Probation period of one year or more that will be followed by the Apprentice Period. The responsibilities in Probation period will be the same as that of the appointed ADO.
|LIC ADO Recruitment 2023|
LIC ADO Salary 2023: Career Growth
The candidates joining as Apprentice Development Officer(ADO) in the LIC have a huge prospect of career growth. Aspirants joining as ADO have very high chances of getting promoted to Regional Manager by qualifying the departmental examinations conducted by LIC. The hierarchy of career growth of ADO is mentioned 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
FAQs: LIC ADO Salary 2023
Q. What is the initial salary of an employee joined as LIC ADO?
Ans. The initial basic salary of an employee joined as LIC ADO is Rs. 35,650 per month.
Q. What is the Job Profile of a LIC ADO?
Ans. The Job Profile of a LIC ADO is mainly focused on Sales Supervision.
Q. What is the net LIC ADO Salary 2023?
Ans. The net LIC ADO Salary 2023 lies in the range of Rs. 50,500/- to Rs. 56,000/.
Q. Are perks and allowances included in the LIC ADO Salary 2023?
Ans. Yes, perks and allowances are included in the LIC ADO Salary 2023.
Q. What is the career growth of an employee working as Apprentice Development Officer is LIC?
Ans. The career growth of an employee working as Apprentice Development Officer is LIC is discussed above in the post.