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what is the salary of Development Officer of LIC?

The LIC Development Officer position in India offers competitive salary and benefits:

Basic Pay: Monthly salary starts at ₹21,865.

Allowances: Including Dearness Allowance (40% of basic pay), House Rent Allowance (7-9% of basic pay), and City Compensatory Allowance (0-4% based on location).

Additional Benefits: Leave Travel Concession, Special Allowance, Gratuity, Contributory Pension, Cash Medical Benefit, Accident Insurance, etc.

Apprenticeship Period: Stipend of ₹34,503 per month.

Probation Period: One year, followed by the regular salary structure.

LIC Development Officer, besides salary and allowances, there are extra benefits:

Housing: LIC provides accommodation, varying by location.

Transportation: Some get a car allowance or a company vehicle.

Driver: For frequent travelers, LIC offers a driver service.

Mobile Expenses: LIC reimburses official phone costs.

Performance Bonuses: Incentives for meeting sales targets.

Health Insurance: Covers medical needs for the officer and family.

Group Insurance: Provides life and accident coverage.

Pension: Guarantees post-retirement financial stability.

Gratuity: Lump sum payment after completing years of service.

Leave Encashment: Unused leave days can be cashed in.

LIC here's a glimpse into salary ranges for some key positions:

Apprentice Development Officer (ADO):

• Starting Basic Pay: ₹21,865
• Annual Increment: ₹1,340 (for 2 years)
• In-hand Salary: ₹34,503 – ₹37,000 per month

Assistant:

• Starting Basic Pay: ₹27,840
• Annual Increment: ₹840 (for 5 years)
• In-hand Salary: ₹38,416 – ₹45,535 per month

Assistant Administrative Officer (AAO):

• Starting Basic Pay: ₹53,600
• Annual Increment: ₹2,645 (for 14 years)
• In-hand Salary: ₹62,000 – ₹88,000 per month

The role of an LIC Development Officer (ADO) is crucial in the insurance industry. Here's a breakdown of their responsibilities:

Recruitment and Training:

• Recruit Agents
• Provide Training

Agent Development and Performance Monitoring:

• Monitor Performance
• Offer Guidance and Support

Sales and Business Development:

• Set Sales Targets
• Explore New Markets
• Manage Customer Relationships

Policy Development and Implementation:

• Provide Policy Suggestions
• Assist in Policy Implementation

Complaint Resolution:

• Handle Customer Complaints

Team Management: