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LIC ADO Salary and Job Profile 2024
The Life Insurance Corporation (LIC) holds a recruitment process for Assistant Development Officers almost every year. What makes this recruitment lucrative is that an ADO's salary can be very attractive, and there is room for career advancement. The company provides accepted applicants for the ADO position with additional bonuses and incentives in addition to a respectable compensation. When the new LIC ADO Notification crop up, aspirants will scramble to apply for the job since it provides them a lot of benefits. elected candidates will receive a starting basic pay of Rs. ₹ 35,650 /- per month. As a government job, the LIC ADO pays its employees a handsome salary besides providing benefits and allowances. The LIC ADO Salary 2024 is an important factor for candidates aspiring for the LIC ADO exam. In the given post, we have discussed LIC ADO Salary 2024 as well as the job profile & career growth.
LIC ADO Salary 2024
The Life Insurance Corporation of India pays its workers well for their work as Apprentice Development Officers. The LIC ADO in-hand salary, which includes the basic pay as well as benefits and allowances, is in the range of ₹50,000 to ₹56,000. Due to the classification of the cities, the LIC ADO Salary 2024 will change along with the house rent allowance and the city compensating allowance.
| Post Name | Salary |
|---|---|
| LIC ADO | Scale of Rs. 35,650-2200(2)-40,050-2595(2)-45,240-2645(17)-90,205 |
LIC ADO Pay Scale 2024
- If a candidate is appointed as a Probationary Development Officer, they will receive a monthly basic salary of ₹35650 (excluding LIC employee category candidates).
- The LIC ADO pay scale is 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205.
- House Rent Allowances and City Compensatory Allowances are included in the net salary based on the city's classification. Generally, an employee working in an 'A' class city will receive around ₹56000/- in in-hand salary.
LIC ADO Probation Period
After successfully completing the apprenticeship period, an Apprentice Development Officer will be appointed as a Probationary Officer. If the LIC determines the candidate is qualified to serve the Corporation, they will make the appointment. One year of probation is required, although it can be extended to two years. The candidate will be appointed as Development Officer in accordance with the performance review.
LIC ADO Apprenticeship Period
The start of the apprenticeship period will be the day that training officially begins. The candidates would get a defined monthly stipend during the apprenticeship duration in accordance with Life Insurance Corporation of India regulations. Except for applicants for the LIC Employee Category, the stipend will be around ₹51500 per month.
LIC ADO Allowances 2024
The allowances that a LIC ADO Employee is benefitted with are mentioned below:
- Dearness Allowance: The LIC ADO salary also includes the dearness allowances that provides more comforts to the employees.
- House Rent Allowance: Like the Dearness Allowance, the House Rent Allowance is also an additional benefit offered to the employees besides the LIC ADO salary.
- City Compensatory Allowance: LIC ADO Employees also get paid a city compensatory allowance along with their regular LIC ADO salary.
- Professional Allowance: Like the other benefits, the Grade Allowance is also an additional benefit offered to the employees besides the LIC ADO salary.
- Special Allowance: Along with these benefits, the employees also get offered a special allowance to assist them in their daily duties which is provided to them besides the LIC ADO salary.
Other requisites as approved, etc., as admissible are also provided for LIC ADO employees.
LIC ADO Job Profile
The LIC ADO will be expected to go through an apprenticeship program that lasts for at least a year. After that, once the LIC ADO has a a series of responsibilities they need to handle. Let’s take a look at the job profile of an LIC ADO agent.
- Overseeing and Tracking Agent Work: LIC ADOs need to keep a close eye on how LIC Agents are doing. They track sales, give feedback, and step in to fix things if needed. By making sure agents do well and stay driven, ADOs help push sales up and keep service top-notch.
- Practical Field Sales and Learning in Class: In their training stage, LIC ADOs go through tough practical sales training and get to know the theory behind insurance products and how to sell them. This mix of learning by doing and classroom teaching gets them ready for the challenges of the job.
- Apprenticeship Supervision: The training start day marks the beginning of the Apprentice Period for LIC ADOs, covering both classroom and on-the-ground sales training. This phase aims to offer a full learning journey, making sure ADOs are ready to take on their roles and add value to the company's goals.
- Sales Admin Job: The key job of a LIC Apprentice Development Officer (ADO) is to manage sales tasks. This includes making and putting into action plans to hit goals, watching market trends, and making sure that policies are sold well.
- Agent Recruitment: A big part of the LIC ADO's job is to find good agents, go through the hiring process, and train them well. This training gives agents a deep knowledge of what insurance is about and how to sell it, helping them reach their sales targets easily.
LIC ADO Exam Preparation Strategy
If you are motivated to start your LIC ADO 2024 exam journey, then motivate yourself some more after reading the LIC ADO salary. You need to have a basic preparation strategy that is applicable to most of the exams and some minor changes fulfill the respective exam need. So some basic tips that you can follow for LIC ADO exam are as follows-
- Understand the Exam Pattern: Get hold of the LIC ADO Syllabus and Exam Pattern and follow it carefully. This will allow you to plan your exam preparation better.
- Strategize your Preparation: Another step you can take is to divide the subjects according to your priority and prepare accordingly so that you don’t waste much time.
- Focus on All Subjects: Do not ignore any subject, even if your foundation in the topic is a little shaky, Make sure you are completely thorough with all the topics you are studying.
- Set Practical Goals: If you are preparing for the exam, make sure you set goals you can achieve and plan out your studies accordingly.
- Practice Online Tests: If you are preparing for the LIC ADO exam, you need to prepare with assistance from different resources like the LIC ADO Previous Year Papers and LIC ADO mock tests.
