Introduction
LIC ADO is a sales supervision job. Lakhs of candidates appear for LIC ADO exam to start their career in the insurance sector. The job offers a great salary, opportunities to learn everything about the insurance sector and grow both in both personal and professional levels. LIC ADO Salaries and Job Profile section covers the details about the PayScale and the other allowances of LIC ADO.
Job Profile
LIC ADO Salaries and Job Profile - Profile:
- Meeting the annual premium collection target.
- Recruiting LIC advisors.
- Training & monitoring LIC advisors.
- Maintaining persistence level in renewals.
- Managing login and issuance process.
- Assign a target quota and maintain overall integrity in sales.
- An Apprentice Development Officer will have to undergo Theoretical & Field Sales Training. The period of apprenticeship shall commence from the date of commencement of the training.
- An Apprentice Development Officer, who successfully completes the apprenticeship and, in opinion of the Recruiting Authority, is otherwise suitable for appointment to the service of the Corporation may be appointed as a Development Officer and placed on probation.
- The period of probation shall be for one year which may be extended upto two years.
Salaries
LIC ADO Salaries and Job Profile - Salaries:
- During the apprentice period, the candidate selected as Apprentice Development Officer will be paid a fixed amount as stipend per month as per rules of the Corporation.
- At present, the amount of stipend is about Rs.34,503/- per month, except in case of candidates selected from LIC Employees category.
- A Probationary Development Officer at a specified Headquarter in the area will be placed in the scale of Rs. 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075 plus allowances and other benefits as per rules in force.
- On appointment as a Probationary Development Officer, basic pay of Rs. 21,865/- per month (except for Employee Category candidates) in the scale of 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075 and other admissible allowances as per rules shall be payable.
- Gratuity
- Defined Contributory Pension Scheme
- LTC
- Medical Benefit
- Group Insurance
- Group Personal Accident Insurance
- vehicle advance (2-wheeler/4-wheeler)
- reimbursement towards cost of Brief Case/leather bag, mobile handset, supply of dailies as per rules and on confirmation in service
- Attractive performance linked Incentives.
Note: Agents Category - (i) An individual appointed or engaged by the Corporation for the purpose of soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance pertaining to the Corporation; or
(ii) An individual who has been appointed as an agent under the Life Insurance Corporation of India (Agents) Regulations, 2017.
Explanation: For the removal of doubts, it is clarified that as an individual appointed or engaged by LIC such as Direct Sales Executives/Financial Services Executives, etc. or agent appointed as an agent under Life Insurance Corporation of India (Agents) Regulations, 2017 shall be eligible for recruitment as an Apprentice Development Officer.
‘Employee Category’ means a confirmed whole-time salaried employee of the Corporation belonging to Class III.
‘Others Category’ means the candidate from the open market.