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 and benefits along with 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 to appear for the exam must know of the LIC ADO salary structure. The basic pay of LIC ADO is ₹21,865 per month, along with lucrative allowances and other benefits. While LIC is yet to release the official notification for the LIC ADO 2023 exam, candidates can check the LIC ADO job growth, salary, and increments before applying for the exam from this article. This will motivate them to prepare for the exam well. Continue reading to learn more about LIC ADO salary 2023.

LIC ADO Salary: LIC ADO Pay Scale 2023

The LIC ADO 2023 payscale is provided below:

• ₹21865-1340(2)-24545-1580(2)-27705-1610(17)-55075.
• 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 will also include 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 upon 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 on 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 the completion of 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:

You may also like to read:

LIC ADO Exam Pattern 2023	LIC ADO Recruitment 2023
LIC ADO Prelims Question Paper 2023	LIC ADO Exam Date 2023

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