LIC ADO Salary 2024, Check In Hand Salary, Basic Pay, Perks and Allowances

Candidates preparing for the LIC ADO exam must be curious to know about the LIC ADO Salary 2024, Perks and Allowances, Salary Structure, Career Growth, and Job Profile. Aspirants get motivation when they understand the LIC ADO Salary that awaits them. The LIC ADO in-hand salary lies in the range of Rs. 50,000/- to Rs. 56,000/ which includes the basic pay as well as the perks and allowances. So in this post, we have covered the LIC ADO Salary Structure 2024 in detail including pay scale, salary structure, etc.

LIC ADO Salary Structure 2024

Life Insurance Corporation of India offers a lucrative salary to the employees working as Apprentice Development Officers in the organization. LIC ADO Salary 2024 varies as the house rent allowance and city compensatory allowance vary as per the classification of the cities.

LIC ADO Salary 2024 Overview

OrganizationLife Insurance Corporation of India
Exam NameLIC ADO Exam 2024
PostApprentice Development Officer
CategoryGovernment Jobs
Selection ProcessPrelims, Mains, Interview
Job LocationAll across India
Application ModeOnline
Official Websitewww.licindia.in

LIC ADO Salary Allowances

Candidates can check the LIC ADO Salary Allowance in the following table.

LIC ADO Salary 2024: Allowances

AllowancePercentage of Basic Pay
House Rent Allowance40% (depends on inflation rate)
City Compensatory Allowance7-9% (depends on location)
Special Personal Allowance0-4% (depends on location)

Other than allowances, some other benefits received by an LIC ADO are listed below:

  • Reward
  • Defined Contributory Pension Scheme
  • LTC (Leave Travel Concession)
  • Medical Benefit
  • Group Insurance
  • Group Personal Accident Insurance
  • Vehicle Advance (2-wheeler/4-wheeler)
  • Reimbursement Towards the Cost of briefcase/leather bag
  • Mobile Handset
  • Supply of Dailies as per Rules and on Confirmation in Service
  • Incentives on outstanding performance

LIC ADO Salary Career Growth

The candidates joining as Apprentice Development Officers (ADO) in the LIC have a huge prospect of career growth. Aspirants joining as ADO have very high chances of getting promoted to Regional Manager by qualifying the departmental examinations conducted by LIC. The hierarchy of career growth of ADO is mentioned below.

  1. Apprentice Development Officer
  2. Probationary Development Officer
  3. Development Officer
  4. Assistant Branch Officer
  5. Branch Officer
  6. Senior Branch Officer
  7. Assistant Divisional Officer
  8. Divisional Officer
  9. Senior Divisional Manager
  10. Regional Manager

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LIC ADO Salary 2024 Job Profile

The job of LIC ADO is mainly focused on sales administration. LIC ADO has to recruit the LIC Agents and train them properly. LIC ADO will have to keep a look at the work profile of the agent and make sure that they sell life insurance to a maximum number of people. During the Apprentice Period, the Apprentice Development Officer (ADO) will have to experience Theoretical as well as Field Sales Training. The Apprentice Period of LIC ADO will start from the day their training begins and during this period, they will have to experience Theoretical as well as Field Sales Training. The LIC ADO will have to undergo a Probation period of one year or more that will be followed by the Apprentice Period. The responsibilities in the Probation period will be the same as that of the appointed ADO.

LIC ADO Salary 2024 Pay Scale

After getting appointed as a Probationary Development Officer, candidates will receive a basic pay of Rs. 35650/- per month (except for LIC Employee Category candidates) in the pay scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. The net salary includes the House Rent Allowance and City Compensatory Allowance depending upon the classification of the city. In an ‘A’ Class City the net in-hand salary received by an employee will be approximately ₹ 56000/-

FAQs

The key allowances in the LIC ADO Salary package include House Rent Allowance, City Compensatory Allowance, and Special Personal Allowance.

LIC ADOs have a promising career growth path, with opportunities to advance to roles such as Probationary Development Officer, Branch Officer, Divisional Officer, and eventually Regional Manager.

LIC ADOs are primarily responsible for sales administration, including recruiting and training LIC agents, ensuring sales targets are met, and overseeing sales activities within their designated area.

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