LIC ADO Notification 2019: LIC has released the official notification for Apprentice Development Officers 2018-19. The total number of vacancies are 8581 (approx.). The total number of vacancies including the vacancies for the reserved category may increase or decrease, depending upon the actual vacancies at the time of final selection and availability of successful candidates after the interview. Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of ₹2,529,390 crore (US$370 billion)(2016). As of 2013 it had total life fund of ₹1,433,103.14 crore and total number of policies sold coming in at ₹367.82 lakh that year (2012-13).The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.
LIC ADO Notification 2019 Important Dates:
Opening date of On-Line Registration of Application: 20th May 2019
Last date of On-Line Registration of Application: 09th June 2019
Download of Call letter for On-Line Examination: 29th June 2019
Dates of Online Examination-Preliminary (tentative): 6th & 13th July 2019
Dates of Online Examination-Main (tentative): 10th August 2019
LIC ADO 2019 Salary:
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. An Apprentice Development Officer other than an Employee Apprentice shall be paid 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 is about ₹.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 ₹ 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 ₹ 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. Total emoluments at the minimum of the scale, inclusive of House Rent Allowance& City Compensatory Allowance wherever admissible depending upon the classification of city, will be approximately ₹37,345/- in ‘A’ Class City. 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, supply of dailies as per rules
and on confirmation in service, attractive performance linked Incentives.