Is development officer an employee of LIC?
Ans. Yes, LIC ADO is a permanent job and once the employee completes the probation period, he/she becomes a confirmed employee.
What is post of development officer in LIC?
They are in charge of their territory for the development of insurance policies. Their responsibilities include marketing & procurement of business, training of agents, meeting prospective clients, promoting the policies & getting contracts.
Is LIC a government company?
Life Insurance Corporation of India (abbreviated as LIC) is an Indian statutory insurance and investment corporation. It is under the ownership of Ministry of Finance, Government of India….Life Insurance Corporation.
| Yogakshemam Vahamyaham | |
|---|---|
| Type | Statutory Corporation established by an Act of Parliament- LIC Act 1956 |
| Website | www.licindia.in |
Is LIC better or PPF?
While LIC policies serve the purpose of insurance, a PPF serves the purpose of savings. PPF is a Public Provident Fund meant for long-term savings and retirement….PPF VS LIC.
| Points | LIC | PPF |
|---|---|---|
| Risk | Safe | Safest |
| Target audience | Caters to those who have dependents | Caters to everyone |
| Tenure | Flexible | 15 years |
What is the difference between a development officer and an LIC employee?
LIC is a public sector organisation undertaken by the central government. Development officer is a permanent class 2 officer of the corporation. They are eligible for pension. They are not considered as govt employees in the sense that they can not go to other departments of the govt.
What is LIC development officer exam 2021?
LIC Development Officer Exam 2021 – LIC is the acronym of Public owned Life Insurance Company and Life Insurance Corporation of India Recruitment exam is known as L.I.C D.O. A competitive examination for the recruitment of Assistant Development Officers’ in the LIC is held once a year, normally in the month of September.
How to become an assistant development officer in LIC?
A competitive examination for the recruitment of Assistant Development Officers’ in the LIC is held once a year, normally in the month of September. The application form for taking the exam is published in the Employment News, generally in the month of July and the last date for submission of applications is generally the first week of August.
Is an LIC job considered a government job?
LIC is a PSU. It is not in a sense a govt job but since the LIC is wholly owned by Government of India it can be considered so. It is just like a job with public sector banks.