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

LIC ADO Salary 2024

The salary structure of the LIC Apprentice Development Officer (ADO) is a topic of Interest for the candidates aspiring to work in the Life Insurance Corporation of India. The LIC ADO is a prestigious position that offers attractive benefits and opportunities for career growth. As of 2024, LIC offers a competitive salary package for ADOs, including basic pay and various allowances and perks. Initially, LIC ADO in hand salary is in between Rs. 50,000/- & Rs 56,000/-. Understanding the LIC ADO Salary 2024 is essential for the candidates to assess their financial benefits and career prospects.

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. The pay scale for the ADO in LIC is 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205.  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

The complete overview of the LIC ADO Salary 2024 is given below in the following table.

LIC ADO Salary Allowances

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

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.

• 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

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/-