LIC ADO Salary 2024 Pay Scale, Job Profile, Allowances, Career Growth
LIC ADO Salary 2024 Pay Scale : Life Insurance Corporation, popularly known as LIC, is an Indian government-owned insurance group and investment company. Getting a job in such an organization is the dream of many candidates. LIC (Apprentice Development Officer) ADO post is a highly sought-after job in the current stage. It is important to have a look at the salary structure, pay scale, and job profile of LIC ADO. Life Insurance Corporation offers a good salary with benefits. Inside this article, we have covered the list of LIC ADO salary structure, benefits, and allowances offered to them. Read on for LIC ADO salary details.
LIC ADO Salary Structure
Candidates will draw a starting basic pay of Rs. 35,650/- per month along with allowances and additional benefits. The Salary of a LIC ADO Employee is based on the following pay scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. The table below shows the salary structure of LIC ADO as per the 7th pay commission.
| LIC ADO Salary Structure |
||
| Years | Increment | Basic Pay |
| On Appointment | The starting salary of LIC ADO is Rs. 35,650/- | |
| After 2 years | 2200*2 | Rs. 40,050/- |
| Next 2 years | 2595*2 | Rs. 45,240/- |
| For the next 17 years | 2645*17 | Rs. 90,205/- |
LIC ADO Salary In Hand 2024
LIC ADO Salary 2024 Pay Scale LIC ADO Salary 2024 Pay Scale Candidates will get a starting basic pay of Rs 35,650/- per month along with allowances and additional benefits. The salary of LIC ADO employee is based on the following pay scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. The table given below shows the salary structure of LIC ADO as per 7th Pay Commission.
LIC ADO Salary Slip
Every month, the LIC ADO Salary is credited to the employee’s account after due deductions. The salary slip mentions the amount that has been credited and debited from the gross salary.
LIC ADO Salary: Allowances
Apart from the basic pay scale, which is Rs. 35,650/-, the salary of LIC ADO will include other allowances in their salary structure as well, such as: –
- Dearness Allowance (DA): DA is revised every quarter based on the CPI (Consumer Price Index). This LIC AAO salary forms CPI 40% of the Basic Pay.
- House Rent Allowance (HRA): HRA can be 9%, 8%, or 7% of the basic pay depending on the location of the job.
- City Compensatory Allowance (CCA): CCA can be 4%, 3%, or 0% and it also depends on the location of the posting.
- Professional Allowance: Determined by LIC
- Special Allowance: Determined by LIC
LIC ADO Salary: Benefits and Perks
There are other benefits along with allowances are as follows:
- 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- Job Profile
Once the candidate is appointed as LIC Apprentice Development Officer they have to perform certain duties/jobs. We have discussed below the job profile of LIC ADO.
- Accomplish all Sales oriented tasks
- Reach the maximum number of people and complete the assigned targets of selling.
- Analyze the performance of each agent
- Motivating to sell maximum LIC policies
- Assigning target quota
LIC ADO Salary: Career Growth
Any employee working under the Life Corporation of India has bright career prospects with innumerable opportunities. The hierarchy in the LIC is given below
- Apprentice Development Officer
- Probationary Development Officer
- Development Officer
- Assistant Branch Officer
- Branch Officer
- Senior Branch Officer
- Assistant Divisional Officer
- Divisional Officer
- Senior Divisional Manager
- Regional Manager
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