LIC ADO Salary: LIC released the LIC ADO 2022-23 notification on 18th January 2022-23. A total of 9394 vacancies are available. Here we will provide you the information on the LIC ADO Salary as per the LIC ADO notification.
LIC ADO Salary
- After the selection, ADO has to serve the apprenticeship period. During this period, candidates who are not selected in the LIC Employee category will be paid a fixed stipend during the whole apprenticeship period.
- Candidates who have joined except the Employee category will be paid the stipend as per the basic pay of the Development Officer. There will be a stipend of Rs.51.500 for each month of apprenticeship.
- A Probationary Development Officer at a specified Headquarter in the area will be placed on the scale of ₹35,650-2200(2)-40,050-2595(2)-45,240-2645(17)-90,205 plus allowances and other benefits as per the rules in force. On appointment as a Probationary Development Officer, the basic pay of ₹ 35650/- per month (except for LIC Employee Category candidates) in the scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205 and other admissible allowances as per rules shall be payable. Total emoluments at the minimum of the scale will be inclusive of House Rent Allowance & City Compensatory Allowance, wherever admissible depending upon the classification of the city. It will be approximately ₹ 56000/- in an ‘A' Class City.
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Eligibility Criteria
Nationality:
Candidates must be a citizen of India.
Education Qualification
- The applicant should possess a Bachelor's Degree in any discipline from a recognized University in India established under a statute/approved for the purpose of the Fellowship of Insurance Institute of India, Mumbai.
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Age Limit
- Minimum Age: 21 years
- Maximum age: 30 years
Category-wise age relaxation is provided to the reserved category. We have mentioned below the detailed age relaxation for the reserved categories.
| Category | Age Limit (in Years) |
|---|
| SC/ST | 35 years |
| OBC | 33 years |
| LIC Employee who is not a member of a SC or a ST or OBCs | 42 years |
| LIC Employee who is a member of OBCs (other than those in the creamy layer) | 45 years |
| LIC Employee who is a member of a SC or ST | 47 years |
| LIC Agent or Other than Agent (such as DSE/FSE) who is not a member of SC or ST or OBCs | 40 years |
| LIC Agent or Other than Agent (such as DSE/FSE)who is a member of OBCs (Other than those in the creamy layer) | 43 years |
| LIC Agent or Other than Agent (such as DSE/FSE) who is a member of a SC or a ST | 45 years |
| Ex-serviceman | 30, increased by the number of years of service in the armed forces subject to maximum age of 45 years where he is a member of OBCs and, 47 years where he is a member of SC or ST and, Maximum of 42 years in other than SC, ST, OBC cases |
| All Others | 30 Years |
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Experience Requirement
LIC has also released the experience requirement for the candidates willing to appear for the LIC ADO exam. We have mentioned below the details of the experience requirement.
| Category of Applicant | For Recruitment in Urban Area | For Recruitment in Rural Areas |
|---|
| Employee Category | Not less than 3 years of service after confirmation in Class III post | Not less than 3 years of service after confirmation in Class III post |
|---|
| Agents Category | Not less than 5 years as an agent or other than an agent (such as DSE/FSE) and has brought a net First Year Premium Income of not less than 5,00,000/- during the ₹ immediately preceding 5 financial years and a net First Year Premium Income of not less than ₹ 1,00,000/- on 50 lives in each of any 3 of these financial years | Not less than 4 years as an agent or other than an agent(such as DSE/FSE) and has brought a net First Year Premium Income of not less than 1,00,000/- on 50 lives ₹ per year in any 3 of the immediately preceding 4 financial years |
|---|
| Other | Preference would be given to candidates who have at least 2 years of experience in life insurance industry. | Preference would be given to candidates who have at least 2 years of experience in the life insurance industry. |
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