The Life Insurance Corporation (LIC) conducts the recruitment process for Assistant Development Officers (ADO). The position of an ADO offers a lucrative pay scale and job growth. The organisation offers additional perks, benefits, and a handsome salary to the candidates selected for the ADO position. The authorities are yet to release the notification for LIC ADO 2023.
Candidates preparing for the LIC ADO exam must know about the LIC ADO salary structure. The basic pay of LIC ADO is ₹21,865 per month, along with lucrative allowances and other benefits; however, this could change for the next recruitment. While LIC is yet to release the official notification for the LIC ADO 2024 exam, candidates can check the LIC ADO job growth, salary, and increments before applying for the exam. This will motivate them to prepare for the exam well. Continue reading to learn more about LIC ADO salary 2023.
This means, on being appointed as an Apprentice Development Officer, the Basic Pay will be ₹21,865/- per month (except for Employee Category Candidates).
There will be an annual increment of ₹1340/- for the next two years. At the end of two years candidates, the Basic Pay will be ₹24545/-.
After this, there will be an annual increment of ₹ 1580/- for the next two years. The Basic Pay will be ₹ 27705/- at the end of two years.
Then there will be an annual increment of ₹ 1610/- for the next 17 years. At the end of 17 years, the Basic Pay will be ₹ 55075/-.
In addition to the Basic Pay, the LIC ADO salary includes various allowances and other benefits.
Considering the initial pay scale and after combining all the allowances, the LIC ADO will be paid ₹37,345/- per month in ‘A’ Class City (LIC ADO salary – approximate amount).
LIC ADO 2023 Allowances
The various allowances for LIC ADO are as follows:
Dearness Allowances (DA)
House Rent Allowances (HRA)
City Compensatory Allowances (depends on the classification of the city) (CCA)
Check the details below:
Particulars
Details
Dearness Allowances (DA)
The DA is revised quarterly based on the Consumer Price Index. This component of LIC AAO salary forms around 40% of the Basic Pay. Since CPI depends upon inflation rates, the DA can increase or decrease based on that.
House Rent Allowances (HRA)
The HRA depends upon the job location. Based on whether the LIC AAOs are posted in metropolitan cities, big cities or other locations, the HRA can be 9%, 8% or 7% of the LIC AAO basic pay.
City Compensatory Allowances
This, too, depends on the job location and can be 4%, 3% or 0% of the LIC AAO basic pay.
LIC ADO Other Benefits 2023
Apart from the above-mentioned allowances, LIC ADO will also be eligible for other benefits, which are as follows:
Gratuity
Defined Contributory Pension Scheme
LTC
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
Attractive Performance Linked Incentives.
LIC ADO 2023: Stipend & Probation Remuneration
The candidates will be in two basic periods:
Apprentice Period: Candidates will be paid a fixed amount as a stipend during the Apprentice Period. The candidate selected as an Apprentice Development Officer shall be paid equal to the Basic Pay and the Dearness Allowance on the pay scale applicable to Development Officers as of the apprenticeship’s commencement date.
The total fixed amount paid during the Apprentice Period, i.e. the stipend, is ₹34,503/- per month.
Probation Period: After completing the Apprentice Period, candidates will have to go through a probation period of 1 year which the officials can also extend. The pay scale during the Probation Period is as follows:
₹21865-1340(2)-24545-1580(2)-27705-1610(17)-55075 and other admissible allowances as per the rules.
Combining the Basic Pay and all the allowances, candidates will be paid a total amount of ₹37,345/- in ‘A’ Class City.
FAQs on LIC ADO Salary 2023
Here are some of the most frequently asked questions about LIC ADO salary 2023:
Q: When will the LIC ADO 2024 exam official notification be released?
Ans: LIC is yet to release the LIC ADO 2024 notification.
Q: When will the LIC ADO 2024 exam be conducted?
Ans: The LIC has not announced the LIC ADO 2024 date yet.
Q: What is the starting salary for LIC ADO employees?
Ans: An LIC ADO’s starting salary is ₹21,865 per month.
Q: What are some of the benefits that LIC ADO employees receive?
Ans: Some benefits that a LIC ADO employee receives are medical insurance, group insurance, LTC, gratuity, defined contributory pension scheme and many more. Candidates can find a detailed list of benefits in this article.
Q: What are the allowances that a LIC ADO employee gets?
Ans: An LIC ADO employee gets HRA, DA, and CCA as part of their allowance.
Delhi Police Constable CBT Salary 2023: Delhi Police Constable Recruitment 2023 has been announced in an official notification from the Staff Services Commission (SSC). SSC...
Delhi Police Salary 2023-2024: Delhi Police and the Staff Selection Commission (SSC) announce several recruitment advertisements from time to time to fill the vacant positions. These...
ISRO Salary 2023: The officials of the Indian Space Research Organisation (ISRO) regularly conduct entrance exams to recruit candidates. They also publish advertisements for various...
Railway Group D Salary 2023: The Railway Recruitment Board (RRB) has issued the Railway Group D notification for the recruitment of various posts. The notification for Railway...
Teaching the next generation has always been challenging, and qualifying Central Teacher Eligibility Test (CTET) is far more challenging than that. If you aspire to...
NRA CET Graduate Level Salary 2023: The National Recruitment Agency(NRA) conducts the Common Eligibility Test(CET) to recruit candidates for certain positions in the central government...
UPTET Salary 2022: UPTET (Uttar Pradesh Teacher Eligibility Test) is a single-tier exam which means candidates will be selected for the post of teacher in Primary...
UPTET Paper 1 Salary 2023: The Uttar Pradesh Teacher Eligibility Test, also known as UPTET, is an annual state-level test used to select teachers for...
IRDAI Assistant Manager Salary 2023: The Insurance Regulatory and Development Authority of India (IRDAI) conducts the recruitment for Assistant Manager posts. Aspirants who want to...
UIIC Assistant Salary 2023: The United India Insurance Co. Ltd. conducts the UIIC Assistant exam to recruit candidates for the Assistant across the country. Candidates...
LIC AAO Salary 2022: Life Insurance Corporation of India, is the largest Insurance company of India and securing a permanent government job in LIC is...
LIC Assistant Salary 2022: LIC Assistant 2022 Notification will be released soon on the official website. Candidates preparing for the LIC Assistant must be fully...
ESIC UDC Preliminary Exam Salary 2023: Employees' State Insurance Corporation holds the ESIC UDC Exam to select candidates for the position of Upper Division Clerk....
Andhra Pradesh State Level Police Recruitment Board recruits candidates for Sub Inspector (SI). The AP Police SI salary and job profile should be the prime...
Rajasthan Police Constable Exam Salary 2023: The salary and benefits of a Rajasthan Police Constable in 2023 can vary based on their posting and other...
West Bengal Police SI Salary 2023: The West Bengal Police Recruitment Board (WBPRB) will conduct the recruitment drive for the appointment of Sub Inspectors across...
Indian Navy Agniveer (SSR) Salary 2023: The Indian Navy prescribes the details of the recruitment package for the Indian Navy Agniveer (SSR). Candidates interested in...
RRC Group D CBT salary 2023: The centrally operated department of the Indian Railways provides salary based on the 7th Pay Commission. The RRC Group...
FCI Manager Salary: Candidates appointed to the post of FCI Manager are entitled to a competitive salary as well as additional benefits and allowances. Applicants...
South Indian Bank Clerk Salary 2023: The lucrative salary and prestigious job profile of the South Indian Bank Clerk Salary attract a lot of candidates....
Bihar Police Salary 2022: The Bihar Police Subordinate Service Commission (BPSSC) administers the Bihar Police examination to recruit candidates for various police positions such as...
Gramin Dak Sevak Salary 2023: The India Post recently issued a notification for the recruitment of Gramin Dak Seva for three different zones. The recruitment...
Andhra Pradesh State Level Police Recruitment Board (AP SLPRB) announced the AP Police Constable salary on the official website. The salary details can be found...