LIC ADO Salary 2022
LIC ADO Salary 2022: Life Insurance Corporation, popularly known as LIC is an Indian state-owned insurance group and investment company. Securing a job in such an organization is a dream of many aspirants. The LIC (Apprentice Development Officer) ADO post is a sought-after job in the current phase. It is important to have a glance at the salary structure, pay scale and job profile of the LIC ADO. The Life Insurance Corporation provides a decent salary with benefits. In this article, we have covered the salary structure of the LIC ADO, benefits and a list of allowances given to them. Read further for the LIC ADO Salary details.
LIC ADO Salary Structure 2022
Candidates will draw a starting basic pay of Rs. 21,865/- per month along with allowances and additional benefits. The Salary of a LIC ADO Employee is based on the following pay scale of 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075. The table below shows the salary structure of LIC ADO as per the 7th pay commission.
|LIC ADO Salary Structure 2022
|On Appointment||–||Rs. 21,865|
|After 2 years||1340*2||₹ 24,545|
|Next 2 years||1580*2||₹ 27,705|
|For the next 17 years||1610*17||₹ 55,075|
LIC ADO Salary – Benefits/Perks& Allowances
Apart from the basic pay scale, which is Rs. 21,865, 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.
There are other benefits along with allowances are as follows:
- 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 Brief Case/leather bag
- Mobile Handset
- Supply of Dailies as per Rules and on Confirmation in Service
- Incentives on outstanding performance
LIC ADO Salary 2022- 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 2022 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
LIC ADO Salary 2022 – FAQs
Q1. What is the basic pay for LIC ADO 2022?
Ans. The basic pay of LIC ADO 2022 is Rs. 21,865/.
Q2. What are the basic allowances as part of the LIC ADO salary 2022?
Ans. The basic allowances as a part of the LIC ADO salary are dearness allowances, HRA, and Travelling Allowances.
Q3. How many times does the LIC ADO Exam take place?
Ans. LIC ADO Exam is held annually.