What are the benefits of LIC employees?

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What are the benefits of LIC employees?

LIC offers the following group schemes:

  • LIC’s Group Credit Life Insurance:
  • LIC’s Single Premium Group Insurance:
  • LIC’s New Group Leave Encashment Plan:
  • LIC’s New Group Superannuation Cash Accumulation Plan:
  • LIC’s New One Year Renewable Group Term Assurance Plan I:

Does LIC employees get pension?

– Superannuation pension shall be granted to an employee who has retired on his attaining the age specified in rule 14 of the Service Rules or sub-regulation (1) or sub-regulation( 2) of regulation 19 of the Staff Regulations.

Do LIC agents get pension?

Group pension Group pension is also available under Lic Agent Benefits.

What is the basic pay in LIC ADO post?

Getting a job in the company is a dream of many aspirants. The LIC (Apprentice Development Officer) ADO post is a sought-after job in the current phase. The basic pay in the LIC ADO salary is Rs 21,865/- per month. However, there are other lucrative allowances and perks, along with the basic pay in the salary structure.

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What are the operations of an LIC ADO?

However, the operations that a LIC ADO has to carry out are as follows: Reach the maximum number of people and complete the assigned targets of selling. Aspirants can expect a generous salary and other benefits once they get to higher posts by clearing specific exams or fulfilling the necessary criteria.

What is the difference between LIC AAO and LIC job profile?

Unlike LIC AAO, you are expected to travel more frequently for procuring sales and attend sales meetings. Salary and Monthly Compensation are extremely essential for each job profile. It is basically the sole reason why most people apply for a particular job profile. The pay scale offered in the insurance sector is good.

How much does a development officer have to pay to LIC?

If he is paid one rupee by lic, he has to pay five times back to lic. A single premium of one lakh is considered as five thousand rupees, collected by d. o. That means if a development officer procures 10 lakh rupees, only 5\% i.e. 50000 rupees will be taken into account for calculation of his business.

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