LIC ADO Salary 2023; Salary Structure, Perks & Allowances

LIC ADO Salary: Apprentice Development Officer in the Life Insurance Corporation in India is one of the sought jobs. The candidates who are preparing to get recruited for the post are often very interested to know about the incentives and remuneration for the same. The authorities have fixed a pay scale. Further, it is not just the salary that the rules have to offer to the recruits every month but also a certain extent of remuneration. The incentives, pay, and allowances are decided as per the guidelines and decisions of the Indian Government since LIC is managed by the Ministry of Finance.

LIC ADO Salary
LIC Apprentice Development Salary, Officer Perks, and Allowances

In the ensuing article, we have provided all the imperative details pertaining to the LIC ADO Salary in 2023. Aspirants can check subsequently for complete information regarding the Salary Structure, Perks & Allowances.

LIC ADO Salary 2023

The post of Apprentice Development Officer in the Life Corporation of India is a job where the candidates are required to market the agencies provided by the organisation. They are primarily required to locate and train such competent prospects who have the potential to be LIC agents. The ADOs have to handle the allocated location and overview all the activities that fall under the requirement of their jobs. The Apprentice Development Officers are only paid a stipend at the time of apprenticeship.

However, they receive all the remuneration in form of proper salary bound in a salary structure, along with additional allowances and more when they are promoted to the Probationary Development Officer posts.

Also Check: Indian Army Salary 2023

LIC ADO Salary Details

As mentioned above, the candidates who will be recruited for the post of Apprentice Development Officer ADO in the Life Insurance Corporation LIC will be paid via stipend when they will be working in the organisation within an Apprentice Period. Additionally, there are three categories under which the authorities recruit candidates. These categories are:

  • LIC Agents Category
  • LIC Employee Category
  • Others Category

The authorities have declared that the candidates who will be recruited under the LIC Agents Category and Others Category will be paid Rs. 51,500 per month as a stipend. In case of the LIC Employee Category, the candidates will be paid a stipend which will be equal to the minimum basic pay and the applicable dearness allowance which is applicable to the Probationary Development Officer.

Once the candidates are promoted to the post of Probationary Development Officer in the specific headquarters of the area, they will be paid a Basic Pay of Rs. 35,650 along with admissible allowances. The pay range for all the recruits except those of the LIC Employee Category will be Rs. 35,650-2200(2)-40,050-2595(2)-45,240-2645(17)-90,205 along with the applicable allowances.

The candidates under the LIC Employee Category will be receiving a remuneration same as that of Development Officers. Thus, the applicable allowances, commission, pay scale, basic pay, and incentives will be provided accordingly.

Also Check; India Post GDS Salary 2023

LIC Apprentice Development Officer Perks and Allowances

The authorities at Life Corporation of India will be providing ensuing allowances and benefits to the candidates who are seeking to get recruited for the post of Apprentice Development Officer:

  • Gratuity
  • House Rent Allowance
  • City Compensatory Allowance
  • Medical Benefit
  • Group Insurance
  • Group
  • Vehicle Advance
  • Defined Contributory Pension Scheme
  • LTC
  • Mobile Phones
  • Reimbursement towards the cost of Brief Case or Bags of Leather
  • Performance-based Incentives post promotion as Development Officers

Job Description for Apprentice Development Officer in LIC

The candidates willing to get recruited for the post of Apprentice Development Officer in 2023 need to observe that the job will require them to engage in marketing. In simple and straightforward words, the recruits will have to search for such prospects who are competent and talented enough to hold LIC Agencies and respective sell insurance policies. The ADOs will be trained in Theoretical and Field Sales and this will be known as the Apprentice Period which will commence as soon as the candidates will be recruited.

Once the training or the apprentice period will end, the ADOs will be declared as Probationary Development Officers. This implies that the candidates will be entering a probationary period of one year. This time duration can be extended up to two years and the candidates will be awaiting their confirmation as Development Officers in the Life Insurance Corporation depending on their performance.

Aspirants can check more details and all the latest recruitment on the official portal of the Life Insurance Corporation of India LIC.

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