Entri Blog
No Result
View All Result
Thursday, March 23, 2023
  • State PSC
    • Kerala PSC
    • TNPSC
    • APPSC
    • TSPSC
    • BPSC
    • Karnataka PSC
    • MPPSC
    • UPPSC
  • Banking
    • IBPS PO Notification
    • IBPS Clerk Notification
    • SBI PO Notification
    • SBI Clerk Notification
    • SBI SO Notification
    • SBI Apprentice Notification
    • Canara Bank PO Notification
    • Indian Bank PO Notification
    • RBI Assistant Notification
    • RBI Office Attendant Notification
    • IBPS RRB Notification
    • IBPS RRB Office Assistant Notification
  • Govt Exams
    • Railway
    • SSC
  • Skilling
    • Coding
    • Spoken English
    • Stock Marketing
  • TET
    • APTET
    • CTET
    • DSSSB
    • Karnataka TET
    • Kerala TET
    • KVS
    • MPTET
    • SUPER TET
    • TNTET
    • TSTET
    • UPTET
  • Courses
    • Data Science Course
      • Data Science Malayalam
    • Full Stack Developer Course
      • Full Stack Development Malayalam
      • Full Stack Development Hindi
      • Full Stack Development Tamil
      • Full Stack Development Telugu
      • Full Stack Development Kannada
    • Stock Market Course
      • Stock Market Course in Malayalam
      • Stock Market Course in Tamil
      • Options Trading Course
    • Spoken English Course
      • Spoken English Course in Malayalam
      • Spoken English Course in Hindi
      • Spoken English Course in Telugu
      • Spoken English Course in Tamil
      • Spoken English Course in Kannada
  • Others
    • GATE
    • MAT
    • KMAT
Free English Quiz: Try Now!
Entri Blog
  • State PSC
    • Kerala PSC
    • TNPSC
    • APPSC
    • TSPSC
    • BPSC
    • Karnataka PSC
    • MPPSC
    • UPPSC
  • Banking
    • IBPS PO Notification
    • IBPS Clerk Notification
    • SBI PO Notification
    • SBI Clerk Notification
    • SBI SO Notification
    • SBI Apprentice Notification
    • Canara Bank PO Notification
    • Indian Bank PO Notification
    • RBI Assistant Notification
    • RBI Office Attendant Notification
    • IBPS RRB Notification
    • IBPS RRB Office Assistant Notification
  • Govt Exams
    • Railway
    • SSC
  • Skilling
    • Coding
    • Spoken English
    • Stock Marketing
  • TET
    • APTET
    • CTET
    • DSSSB
    • Karnataka TET
    • Kerala TET
    • KVS
    • MPTET
    • SUPER TET
    • TNTET
    • TSTET
    • UPTET
  • Courses
    • Data Science Course
      • Data Science Malayalam
    • Full Stack Developer Course
      • Full Stack Development Malayalam
      • Full Stack Development Hindi
      • Full Stack Development Tamil
      • Full Stack Development Telugu
      • Full Stack Development Kannada
    • Stock Market Course
      • Stock Market Course in Malayalam
      • Stock Market Course in Tamil
      • Options Trading Course
    • Spoken English Course
      • Spoken English Course in Malayalam
      • Spoken English Course in Hindi
      • Spoken English Course in Telugu
      • Spoken English Course in Tamil
      • Spoken English Course in Kannada
  • Others
    • GATE
    • MAT
    • KMAT
No Result
View All Result
Entri Blog
English Quiz
banner top article banner top article
Home Articles

LIC ADO vs Bank PO – All You Need to Know

by Shikhar
July 21, 2020
in Articles, Banking, Preparation Tips
LIC ADO vs Bank PO - Which is Better
Share on FacebookShare on WhatsAppShare on Telegram

Table of Contents

  • LIC ADO vs Bank PO
  • LIC ADO
  • Bank PO
  • Conclusion

There are many people who aspire to work in a bank job especially a Government Bank Job. After much job searching, aspirants usually end up at a few shortlisted jobs available to them. Two of the most popular shortlists are LIC ADO and Bank PO. But, the aspirants are usually stuck at crossroads which can be reasonably related to Robert Frost’s Poem ‘The Road Not Taken’. Therefore, to help aspirants stuck with the dilemma of choosing one over another, we have prepared this article highlighting the advantages of both, LIC ADO vs Bank PO. This will help you make an informed decision which you later on may not regret.

Whichever path you may end up choosing, it is important to prepare for the Exams that both jobs require you to take. Your performance on this exam will determine your chances of landing the Job. But not to fret, the Entri App is here to help you through the preparation. Download the Entri App today and gain access to tons of mock tests and quizzes which will undoubtedly help you gain a refined edge over your competition.

Subscribe to Banking 2.0 Course! Download Entri App Now!

LIC ADO vs Bank PO

Here, we provide brief overview of both exams LIC ADO vs Bank PO which will help you in deciding which one to choose as career.

LIC ADO

In this segment, I will introduce you to LIC ADO and talk about its Advantages. This will help you in deciding which is better, LIC ADO or Bank PO. Read on and Find out.

Introduction

LIC ADO (LIC Apprentice Development Officer) is a field job in Insurance sector. LIC (Life Insurance Corporation of India) conducts an exam namely LIC ADO to fill in the vacant posts for ADO in their offices. It is a government job with a healthy salary package of nearly Rs. 45,000/- per month.  The Exam is conducted in the month of March and it is an Online Exam.

An Apprentice Development Officer (ADO) initially involves the understanding of existing LIC policies and areas where sales can be produced easily. A LIC ADO is responsible for recruiting agents to sell LIC policies in the assigned area. Thorough training of the hired agents is another task that a LIC ADO has to perform. Working in Insurance sector as an ADO also involves the analysis of overall performance of each agent in terms of marketing capabilities as well as shortcomings, if any. Assigning target quota and maintaining overall integrity sales while also motivating the agents to procure maximum sales in a defined time period is their goal. LIC ADO is a management cum marketing job.

Banking Blog Banner 2

Responsibilities

The responsibility of a LIC ADO is to monitor and carry out all sales related tasks. However, the operations that a LIC ADO has to carry out are as follows:

Accomplish all Sales oriented tasks

Reach the maximum number of people and complete the assigned targets of selling.

Attempt Free Mock Tests on Banking & Insurance! Download App Now!

Advantages

Salary: Most Aspirants choose this job because of its handsome salary. The Salary Information is given below:

Pay scale: 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075

Basic Pay: Rs. 21,865/- and After Increment: Rs 55,075/-.

Allowances:

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).

Other Benefits: Salary won’t necessarily be the determining factor for most aspirants. There are plenty of other perks that come with the job too. They are:

Leave Travel Concession (LTC), Special Allowance, Gratuity, Contributory Pension, Cash Medical Benefit, Accident Insurance, Loan for Personal Vehicles, etc., Vehicle Advance (2-wheeler/4-wheeler), Reimbursement Towards the Cost of Brief Case/leather bag and Incentives.

LIC is also known for having flexible work timings and most notably, the driving force behind its popularity is a slogan they commonly use,” Be your own Boss”.

Banking Blog Banner 2

Bank PO

In this segment, I will introduce you to Bank PO and talk about its advantages. This will help you in deciding which is better, LIC ADO or Bank PO. Read on and Find out.

Introduction

A PO or a Probationary Officer is essentially an Assistant Manager of Scale I in a bank. They are Junior Managers of Grade I scale and hence called Scale I Officers. After the selection criteria is completed (Exams and Interview), a Probationary Officer has to go through an intensive training program at Institute of Banking Management where they are trained. The probation period of a PO may last for 2 years. This may differ from bank to bank.

Get Weekly Current Affairs on the Entri App

Responsibilities

As the candidates selected for this post are freshly graduated young officers, they will be called upon to prove themselves. Hence, they may be given serious responsibilities by the bank. A PO is trained on multiple verticals such as finance, accounting, billing, investment etc. during their probation period in order to acquaint them with various working procedures of the bank. This is essentially done by entrusting them with responsibilities and jobs in these categories.

The main purpose of the bank is to provide optimal service to its customers. A PO has to make sure that the business of the bank keeps on increasing by tending to the banks’ customers properly by handling customer complaints, addressing various customer related issues such as discrepancies in accounts, rectification of undue charges etc. When they get acclimatized to the banks’ norms they are provided with more serious responsibilities such as planning, budgeting, loan processing, investment management, etc.

Advantages

The banks pay their probationary officers quite handsomely. The basic pay of a SBI PO is Rs. 23,700.

In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total salary thus amounts to Rs. 40,239 per month.

The salary is almost same for POs of almost all the banks. However, there may be little variation from bank to bank.

Career Growth: The growth in this field is quite fast. You can jump to Grade II officer within 3-5 years of service. The POs are required to give few written examination and go through an interview process to get promoted to a higher designation. One can easily switch to the position of Manager, Assistant General Manager, General Manager etc.

Other Benefits include:

Accommodation Lease: In a few areas, the bank gives accommodation and quarters to the PO. In such cases, when accommodation is given by bank the HRA is not given to the employee. The sum goes straightforwardly to the proprietor of the flat or accommodation.

Travel Allowance: The bank additionally gives Traveling Allowances to the POs or they can opt for reimbursement on petrol or vehicle.

Medical Aid for self and Family, Newspaper Reimbursement and Government’s New Pension Schemes.

Though this may not be the case for all the Banks, the benefits are usually general across the rest with a few variations.

Banking Blog Banner

Conclusion

In this article, I have presented a brief overview of both LIC ADO and Bank PO, it is now up to you to make the decisions. But whatever decision you end up making, do not regret it. Both career path can make you successful. All that is required is dedication, hard work and commitment on your part. I hope this article will serve as a guiding light to help you reach a decision. But, whichever way you end up going, remember that you require preparation to answer the exams and get past the selection stage. To help you in this aspect, download the Entri App. You can attempt mock tests which will improve your score, click here to find out how. You can also gain access to online classes and video lectures. This is the best time to prepare. Good Luck.

Banking Blog Banner 2

Share102SendShare
Shikhar

Shikhar

Related Posts

Top 100 Angular Interview Questions and Answers 2023
Articles

Top 100 Angular Interview Questions and Answers 2023

March 23, 2023
Top 100 SQL query Interview Questions and Answers for 2023
Articles

Top 100 SQL query Interview Questions and Answers for 2023

March 23, 2023
Indian Air Force Agniveer Vayu Selection Process 2023: Details Here
Articles

Indian Air Force Agniveer Vayu Selection Process 2023: Details Here

March 23, 2023
Next Post
weekly current affairs 2020 july 13 to 19

Top Weekly Current Affairs - 2020 July 13 to 19

Discussion about this post

Latest Posts

  • Top 100 Angular Interview Questions and Answers 2023
  • Top 100 SQL query Interview Questions and Answers for 2023
  • Indian Air Force Agniveer Vayu Selection Process 2023: Details Here
  • How to Write a Speech – Format
  • Auxiliary Verbs: Usage and Examples

Trending Posts

  • states of india and their capitals and languages

    List of 28 States of India and their Capitals and Languages 2023 – PDF Download

    150261 shares
    Share 60102 Tweet 37564
  • List of Government Banks in India 2023: All you need to know

    61860 shares
    Share 24744 Tweet 15465
  • TNPSC Group 2 Posts and Salary Details 2022

    39693 shares
    Share 15877 Tweet 9923
  • KSDA Recruitment 2023 Apply Online for 9264 FDA SDA Posts – Qualification

    2076 shares
    Share 830 Tweet 519
  • New Map of India with States and Capitals 2023

    28793 shares
    Share 11517 Tweet 7198

Courses

  • Data Science Course
  • Full Stack Developer Course
  • Data Science Course in Malayalam
  • Full Stack Developer Course in Malayalam
  • Full Stack Developer Course in Hindi
  • Full Stack Developer Course in Tamil
  • Full Stack Developer Course in Telugu
  • Full Stack Developer Course in Kannada

Company

  • Become a teacher
  • Login to Entri Web

Quick Links

  • Articles
  • Videos
  • Entri Daily Quiz Practice
  • Current Affairs & GK
  • News Capsule – eBook
  • Preparation Tips
  • Kerala PSC Gold
  • Entri Skilling

Popular Exam

  • IBPS Exam
  • SBI Exam
  • Railway RRB Exam
  • Kerala PSC
  • Tamil Nadu PSC
  • Telangana PSC
  • Andhra Pradesh PSC
  • MPPSC
  • UPPSC
  • Karnataka PSC
  • Staff Selection Commission Exam

© 2021 Entri.app - Privacy Policy | Terms of Service

No Result
View All Result
  • State PSC
    • Kerala PSC
    • TNPSC
    • APPSC
    • TSPSC
    • BPSC
    • Karnataka PSC
    • MPPSC
    • UPPSC
  • Banking
    • IBPS PO Notification
    • IBPS Clerk Notification
    • SBI PO Notification
    • SBI Clerk Notification
    • SBI SO Notification
    • SBI Apprentice Notification
    • Canara Bank PO Notification
    • Indian Bank PO Notification
    • RBI Assistant Notification
    • RBI Office Attendant Notification
    • IBPS RRB Notification
    • IBPS RRB Office Assistant Notification
  • Govt Exams
    • Railway
    • SSC
  • Skilling
    • Coding
    • Spoken English
    • Stock Marketing
  • TET
    • APTET
    • CTET
    • DSSSB
    • Karnataka TET
    • Kerala TET
    • KVS
    • MPTET
    • SUPER TET
    • TNTET
    • TSTET
    • UPTET
  • Courses
    • Data Science Course
      • Data Science Malayalam
    • Full Stack Developer Course
      • Full Stack Development Malayalam
      • Full Stack Development Hindi
      • Full Stack Development Tamil
      • Full Stack Development Telugu
      • Full Stack Development Kannada
    • Stock Market Course
      • Stock Market Course in Malayalam
      • Stock Market Course in Tamil
      • Options Trading Course
    • Spoken English Course
      • Spoken English Course in Malayalam
      • Spoken English Course in Hindi
      • Spoken English Course in Telugu
      • Spoken English Course in Tamil
      • Spoken English Course in Kannada
  • Others
    • GATE
    • MAT
    • KMAT

© 2021 Entri.app - Privacy Policy | Terms of Service