Life Insurance Corporation is one of the most prestigious insurance companies in India. Getting a job in the company is a dream of many aspirants. The LIC (Apprentice Development Officer) ADO post is a sought-after job in the current phase.
The basic pay in the LIC ADO salary is Rs 21,865/- per month. However, there are other lucrative allowances and perks along with the basic pay in the salary structure.
This article is about the LIC ADO salary structure with information on allowances, perks and other benefits.
There are other government exams which also have great designation, career and salary.
LIC ADO Salary in India – Structure and Allowances
The LIC ADO Salary in India is one of the major reasons for many aspirants to get into the Insurance sector.
The LIC ADO Salary details are given below:
|LIC ADO Salary 2020|
|Pay scale||21865-1340(2)-24545-1580(2)-27705-1610(17)-55075||Basic pay- Rs.21,865/-
After Increment- Rs 55,075/-
||40% of the basic pay(based on the Inflation rate)|
||7%-9% of the basic pay(Location dependent)|
||0% – 4% of the basic pay (Location dependent)|
For details on other bank salary range, refer to the linked article.
The other benefits along with the LIC ADO Salary are given below:
- Leave Travel Concession (LTC)
- Special Allowance
- 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
The LIC ADO salary has 2 important aspects:
During the Apprentice Period, candidates will be paid a fixed amount as a stipend which is equal to Rs. 34,503/- per month.
After the completion of the Apprentice Period, candidates will have to go through a probation period of 1 year.
The salary structure after the completion of the Probation period will be the same as pay scale mentioned above.
LIC ADO Responsibilities
The responsibility of a LIC ADO is to monitor and carry out all sales related tasks
For details on other bank exams, candidates can check the linked article.
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.
Aspirants can expect great salary and other benefits once they get to higher posts by clearing certain exams or fulfilling the necessary criteria.
Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.