LIC ADO Salary, Job Profile & Growth

29/01/2023

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LIC ADO Salary, Job Profile & Growth:

Every aspirant should know the details about LIC ADO salary, LIC ADO job profile and LIC ADO career growth, which will create interest and help in the better preparation of the exam. So, here ambitiousbaba is providing all the details about the LIC ADO salary, LIC ADO job description, LIC ADO career growth etc.
Aspirants can check the details on LIC ADO Salary, Promotion, career opportunity, job profile, responsibilities etc. below:

LIC ADO Job Profile

Career Prospects of Apprentice Development Officer (ADO) in Life Insurance Corporation (LIC) of India : It is primarily a sales supervision job. The selected candidates will be required to sponsor suitable persons to be appointed as Life Insurance Agents, train them properly, and help the recruited agents to sell life insurance to maximum number of persons. They will also be required to give prompt after sales service to policyholders.

For this purpose considerable movement including tours covering the entire area allotted to them are involved.
The recruitment as Apprentice Development Officers is for Urban and Rural Areas and the selected candidates will have to work in these areas.
It is, however, likely that some of the selected candidates may be posted in the jurisdiction of nearby Divisional Office/s within the jurisdiction of the Zone.
It is clarified that appointment as Apprentice Development Officer does not by itself confer any right on the candidates to be appointed as Probationary Development Officer.

LIC ADO Salary

During the apprentice period, the candidate selected as an Apprentice Development Officer will be paid a fixed amount per month as stipend, as per the rules of LIC Of India. Apprentice Development Officers, other than those from LIC Employee Category, shall be paid stipend equal to the minimum of the basic pay and the dearness allowance thereon on the scale of pay applicable to Development Officers as on the date of commencement of the apprenticeship. At present, the amount of stipend will be approximately ₹.51500/- per month, except in case of the candidates selected from LIC Employee Category

A Probationary Development Officer at a specified Headquarter in the area will be placed in 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 andother 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 city. It will be approximately ₹ 56000/- in an ‘A’ Class City.

Special Allowances:

Other benefits include 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 etc. as per rules . The Development officer may also become eligible for attractive performance linked Incentives, on confirmation in service

LIC ADO Career Growth

APPRENTICESHIP PERIOD:
An Apprentice Development Officer will have to undergo Theoretical & Field Sales Training for the period as decided by LIC Of India. The period of apprenticeship shall commence from the date of commencement of the training.

PROBATION:
An Apprentice Development Officer, who successfully completes the apprenticeship and in the opinion of the Recruiting Authority, is suitable for appointment to the service of the Corporation may be appointed as a Probationary Development. The period of probation shall be for one year which may be extended up to two years. The confirmation to the post of a Development officer will be subject to performance appraisal.

‘Agents Category’ means-
(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.

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.

The promotion channel for Apprentice Development Officer is as follows:

Senior Divisional Manager(SDM)

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Divisional Manager(DM)

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Marketing Manager(MM)

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Senior Branch Manager(SBM)

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Branch Manager(BM)

↑

Assistant Branch Manager(ABM-Sales)

↑

Development Officer(DO)

↑

Probationary Development Officer(PDO)

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Apprentice Development Officer(ADO)

The Duties Of ADO Include

Recruit agents for selling LIC policies to assigned area
Providing training to the selected agents working under ADO guidance
AOD need to analyze the overall performance of each agent and find out their marketing capabilities and shortcomings.
Motivate the agents to acquire maximum sales in given time period.
Assign a target quota and maintain overall integrity in sales.

LIC ADO – Work Pressure & Environment

Life Insurance Corporation Apprentice Development Officer (ADO) Job profile is basically related to the sales and marketing along with coordination with a team of LIC agents. LIC ADO job profile demands a lot of management skills and innovative thinking which increase the sales product.

LIC ADO Job Security

Apprentice Development Officer also gets administrative tasks too but mostly they have to develop the sales strategy for the team. LIC ADO bonus depends on sales procurement. And yes though Life Insurance Corporation of India is not a fully government organization, so the job security is on the lower end in case of LIC ADO.