Aspirants can check the in-hand salary and other allowances offered for the LIC ADO 2021 post. The LIC Apprentice Development Officer is more sought post, that too in one of the largest Insurance companies in India. The zone-wise LIC ADO 2021 notification will be released soon. This will be a great opportunity for lakhs of aspirants. The basic pay includes around Rs 21,865/- per month, excluding other allowances and perks. So, in this article, we are providing the LIC ADO salary structure and incentive details.
LIC ADO Notification 2021 – Important Details
|Name of the Exam||LIC ADO|
|Name of the Post||Apprentice Development Officers (ADO)|
|Exam Conducting Authority||Life Insurance Corporation of India (LIC)|
|Official notification release date||To be Announced|
|Job Type||Central Govt. Job|
|Vacancies||To be Announced|
|Mode of Application||Online|
|Mode of Examination||Online – CBT|
|Selection Stages||Prelims, Mains, and Interview|
LIC ADO Salary Structure 2021
LIC ADO Salary 2021
|Increment- (after fixed years)||Rs 55,075/-|
|Dearness Allowance||40% of the basic pay (Based on the Inflation rate)|
|House Rent Allowance||7%-9% of the basic pay (Location dependent)|
|City Compensatory Allowance||0% – 4% of the basic pay (Location dependent)|
Stipend for Apprentice Period
Apprentice Development Officer will be paid a fixed amount as a stipend per month as per the rules of the Corporation. An Apprentice Development Officer other than an Employee Apprentice shall be paid equal to the minimum of the basic pay and the dearness allowance thereon on the scale of pay applicable to Development Officers as on the date of commencement of the apprenticeship.
At present, the amount of stipend is about Rs.34,503/- per month, except in the case of candidates selected from the LIC Employees category.
A Probationary Development Officer at a specified headquarters in the area will be placed on the scale of Rs. 21865 1340(2)-24545-1580(2)-27705-1610(17)-55075 plus allowances and other benefits as per rules in force.
Probationary Development Officer Salary
The basic pay of Rs. 21,865/- per month (except for Employee Category candidates) on the scale of 21865 1340(2)-24545-1580(2)-27705-1610(17)- 55075 and other admissible allowances as per rules shall be payable.
Total emoluments at the minimum of the scale, inclusive of House Rent Allowance and City Compensatory Allowance wherever admissible depending upon the classification of the city, will be approximately Rs. 37,345/- in ‘A’ Class City.
Other benefits include Gratuity, Defined Contributory Pension Scheme, LTC, 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, the supply of dailies as per rules and on confirmation in service, attractive performance-linked Incentives.
LIC ADO Incentives
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.
The total emoluments at the minimum of the pay scale, including the House Rent Allowance, HRA, and City Compensatory Allowance wherever admissible depending upon the classification of the city, will be approximately Rs. 37,345/- in ‘A’ Class City.
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
So, all these about the LIC ADO Salary Structure 2021 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.