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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. Check Out Salary Structure. Given below, we are sharing the details of the LIC ADO salary including the details of the LIC ADO pay slip, LIC ADO salary structure and also the specifications of the LIC ADO salary in hand.
LIC ADO 2023 Salary Structure
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: 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
|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 2023 Allowances
There are a lot of allowances available for the people of the Life Insurance Corporation and you will be eligible to get medical benefits and house allowances. You will also be provided various compensation for your help. You will be provided gratuity and also group insurance services if you are joining the Life Insurance Corporation. Given below, we are sharing the list of benefits that will be available to you if you are planning to get a job in this organisation. The LIC ADO post is eligible to enjoy some other incentives and perks. Let us check more about that.
- Dearness Allowances (DA) – The DA is revised quarterly based on the Consumer Price Index. 40% of the entire salary is DA for LIC ADO employees.
- House Rent Allowances (HRA) – The HRA depends on the location of the posting. LIC ADO HRA is approved in the range of 9%, 8%, or 7% of the LIC AAO Basic Pay as per the type of city.
- City Compensatory Allowances – CCA depends on the location of posting and can be 4%, 3%, or 2% of the LIC AAO Basic Pay.
Apart from these, some other benefits are also included, like:-
- Defined Contributory Pension Scheme
- Medical Benefit
- Mobile Handset
- Group Insurance
- Group Personal Accident Insurance
- Vehicle Advance (2-wheeler/4-wheeler)
- Supply of Dailies as per Rules and on Confirmation in Service
- Attractive Performance Linked Incentives
- Reimbursement Towards the Cost of Brief Case/leather bag
LIC ADO 2023 Promotions
There are a lot of promotions available inside the Life Insurance Corporation and all of the people will be able to get their promotions after they have exceeded the experience presented by the concerned authorities of the Life Insurance Corporation. You can apply for the promotions and give the entrance examination in order to be promoted in this organisation. Given below, we are sharing the cycles of promotions available to each and every employee of the Life Insurance Corporation. Make sure that you keep an eye out for the promotions available inside this organisation in order to be sure.
- Senior Divisional Manager
- Assistant Divisional Officer
- Apprentice Development Officer
- Regional Manager
- Divisional Officer
- Assistant Branch Officer
- Branch Officer
- Development Officer
- Probationary Development officer
- Senior Branch Officer
So, all these are about the LIC ADO Salary Structure 2023 details. Hope this article was informative. Visit Entri for more related articles. Get the latest LIC exam updates and also subscribe to Entri to practice more mock tests and previous year question papers of LIC ADO examinations on Entri.