LIC ADO Salary 2022: An important aspect that a candidate preparing for LIC ADO must be aware of is LIC ADO Salary 2022. 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 2022 details such as In-hand Salary Structure, Allowance, Perks, Job Profile & Career Growth.
LIC ADO Salary Structure 2022
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. It is expected that the LIC ADO Recruitment 2022 Notification will be released by the Life Insurance Corporation of India in the month of October 2022. 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.
|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 2022: Pay Scale
The Basic Pay of an employee appointed as an Apprentice Development Officer(ADO) is Rs.21,865 per month. The Salary of a LIC ADO Employee is based on the following pay scale:
After joining, the next 2 years ADO will receive an annual increment of Rs. 1340 and at the end of two years their Basic Pay will be Rs. 24545/-. Then again there will be an annual increment of Rs. 1580 for the next two years. The Basic Pay will finally become Rs 27705. After this there will be an annual increment of Rs 1610 for the coming 17 years. The Basic Pay will be Rs.55075 at the end of 17 years. According to the initial pay scale a LIC ADO will receive Rs.37,345 per month in which the allowances are also combined.
LIC ADO Salary 2022: Allowances
The allowances that a LIC ADO Employee are benefitted with are mentioned below:
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 2022: 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 2022|
LIC ADO Salary 2022: 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 2022
Q.1 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. 21,865 per month.
Q.2 What is the Job Profile of a LIC ADO?
Ans. The Job Profile of a LIC ADO is mainly focused on Sales Supervision.
|Current Affairs April 2022|