Get complete details about the LIC ADO Salary 2023 such as Pay Scale, Gross, In-hand Salary per month, Increments, Job Profile, Allowances, Perks, and other benefits.
The LIC ADO recruitment exam is one of the exams that a lot of people across the country prepare for. The career growth through this recruitment is very good, and thus it is considered by a lot of people. Understanding the salary and pay scale of the position will give you a benefit during the recruitment process and will help you make an informed decision about applying for the examination too.
Table of Contents
- LIC ADO Salary 2023
- LIC ADO Salary 2023: Stipend and Probation
- LIC ADO Job Profile
- LIC ADO Career Growth
- LIC ADO Other Benefits
- Responsibilities of LIC ADO
LIC ADO Salary 2023
India’s most reputed insurance companies, including Life Insurance Companies, provide many job opportunities. Many candidates dreamt of getting a job as an Apprentice Development Officer (ADO). Aspirants who are preparing for the LIC ADO 2022 Exam must know the salary structure of the LIC ADO. LIC ADO’s basic pay ranges from Rs. 21,865 to Rs. 55,075 per month, comprising some allowances and other benefits.
LIC ADO Salary - PayScale & Increments
The PayScale of the LIC ADO is 21,865-1340(2)-24,545-1580(2)-27,705-1610(17)-55,075. This means, if the candidates are appointed as Apprentice Development Officers, then the basic pay will be INR 21865 per month (the exemption is for employee category candidates).
Other increments include:
- The candidates will get an annual increment of INR 1,340 for the next two years. Post completion of two years, candidates will get the basic pay of INR 24,545.
- After this, the candidates will get an annual increment of INR 1,580 for the next two years. Post completion of two years, candidates will get the basic pay of INR 27,705.
- Again, the candidates will get an annual increment of INR 1,610 for the next seventeen (17) years. Post completion of seventeen (17) years, candidates will get the basic pay of INR 55,075.
- The LIC ADO Salary will also contain several allowances and benefits, apart from the basic pay.
- The LIC ADO Salary will be INR 37,345 per month in a Class ‘A’ City including the initial pay scale along with all the allowances.
LIC ADO Salary Allowances
The LIC ADO salary is one of the reasons why candidates are more attracted to LIC ADO recruitment. There are also many additional advantages to this job.
There are several allowances for the LIC ADO Employees. These include:
- Dearness Allowances
It is based on the consumer price index, and it is quarterly revised. It includes 40% of the basic pay of the LIC ADO. The DA can increase or decrease as per the CPI because the CPI depends on inflation rates.
- House Rent Allowances
These allowances depend on the job location, and it includes 7%, 8%, or 9% of the basic pay of the LIC ADO.
- City Compensatory Allowances
It includes 0%, 3%, or 4% of the basic pay of the LIC ADO, and it depends on the candidate’s job location.
LIC ADO 2023 Salary: Stipend & Probation Remuneration
LIC ADO Salary: Stipend
The candidates who are selected as LIC ADO will get a fixed stipend per month of INR 34503 during the apprentice period as per the rules of the LIC of India.
LIC ADO Salary: Probation Remuneration
Post completion of the apprentice period, there will be a probation period of 1 year for the aspirants. Candidates will get an amount of INR 37345, including the basic pay and all allowance.
LIC ADO Job Profile
The Job Profile of LIC ADO includes marketing and sales. The primary functions of LIC ADO employees are to manage the supervision of sales.
Apart from these, there are several other roles like:
- They provide training to the LIC Agents
- Assigns sales target for the LIC Agents
- They do the recruitment of the LIC Agents for the sales of LIC Policies to the maximum number of people.
- Their job profile includes working in both rural & urban areas.
LIC ADO Career Growth
The flowchart represents the LIC ADO Career Growth.
LIC ADO Other Benefits
There are several other benefits that the LIC ADO Employee can get apart from basic pay & allowance. One of the reasons why LIC ADO is a dream job for some.
- Mobile Handset
- Supply of Dailies as per Rules and on Confirmation in Service
- Group Personal Accident Insurance
- Reimbursement Towards the Cost of Brief Case/leather bag
- Medical Benefit
- Group Insurance
- LTC
- Attractive Performance Linked Incentives
- Gratuity
- Contributory Pension Scheme
- Vehicle Advance for both 2-wheeler and 4-wheeler
Responsibilities of LIC ADO
The post of a LIC ADO includes certain responsibilities that have to be carried out and governed regularly. These responsibilities include sales-related tasks, and candidates can check the official website for more details on these responsibilities of the LIC ADO. Besides this, the LIC ADO must accomplish all these sales-oriented tasks and reach out to more people and sell the required number of products as per the target.
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