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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.
Latest Update:
– The LIC ADO final result is out!
The LIC ADO 2023 payscale is provided below:
The various allowances for LIC ADO are as follows:
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. |
Apart from the above-mentioned allowances, LIC ADO will also be eligible for other benefits, which are as follows:
The candidates will be in two basic periods:
Here are some of the most frequently asked questions about LIC ADO salary 2023:
Ans: LIC is yet to release the LIC ADO 2024 notification.
Ans: The LIC has not announced the LIC ADO 2024 date yet.
Ans: An LIC ADO’s starting salary is ₹21,865 per month.
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.
Ans: An LIC ADO employee gets HRA, DA, and CCA as part of their allowance.
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 |
Stay tuned to Embibe for the latest updates on LIC ADO Prelims 2023 preparation tips!
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