One of the most favored career choices for government job seekers has traditionally been an insurance job. Even so, the insurance industry offers many lucrative jobs, for which many applicants apply annually. The Indian Life Insurance Company selects applicants through competitive examinations for different positions. In addition, LIC’s recruitment campaigns are one of the most competitive and successful.
The LIC ADO and LIC AAO are the two most common posts in the business. The review for the positions is expected for both in the near future. Each LIC job offers aspirants great career choices. However, many candidates cannot determine which one best fits their profile and ability. When it’s between selecting the presidential alternatives.
Therefore, it’s to your best advantage to recognize which positions are right for you after you have given the upcoming examination of LIC AAO and LIC ADO. In order to help you determine properly, both for LIC AAO and LIC ADO, we have given a comparative study that is focused on a salary, job profile, work environment, and professional growth and promotion.
The most critical components of every work description are wages and allowances. This being one of the key reasons for people applying for a specific position. In the insurance industry, there is a decent wage and pension. Based on your results, you will also benefit from extra advantages and bonuses.
LIC ADO Salary 2021: In accordance with the rules of the Company, an applicant chosen as the LIC ADO will surely receive a fixed salary every month during the trainee period. The LIC ADO is authorized to Rs. 21,865/- per month’s basic pay and other allowances in accordance with the law. During the apprenticeship period, the total emoluments in ‘A’ city class are approximately at 37.345/-.
LIC ADO salary amounts to the total of the Regular Pay combined with the following special allowances.
- City Compensatory Allowance
- Performance Linked Incentives
- Dearness Allowance
- Transport Allowance
- House Rent Allowance
LIC AAO Salary 2021
The basic salary of Rs. 32795/- per month shall be paid by the LIC AAO. The officer will receive other benefits in compliance with the policy. The LIC AAO wage may be up to Rs 57,000/- per month based on the ‘A’ city class.
The cumulative payout of LIC AAO shall be the amount of the supplementary allowances and normal pay:
- Area Compensatory Allowance – 4%, 3%, or 0% of basic pay based on the place of employment.
- House rent Allowance – 9%, 7-8%, and 6-7% respectively for Metro, Metropolitan, and Peak Cities.
- Dearness Allowance – 40% of basic pay
LIC ADO Work Profile
The marketing and distribution side of the insurance business is dealt with by the LIC ADO or Apprentice Growth Officer. LIC ADO’s work includes some fieldwork and a combination of marketing and sales. The applicants will undergo pre-emptive preparation once chosen in order to recognize the present LIC policies and places where sales can be easy to break. The LIC officer is expected to perform the following duties after the training phase has been successfully completed.
- Enabling LIC agents to be hired to practical recommendations in the designated places.
- To train LIC agents who work under his leadership.
- Accountable for evaluating and detecting the strengths and weaknesses of each LIC agent.
- To have an acceptable revenue target for LIC agents to hold sales honest.
- To inspire the agents consistently in a given period of time and to help them reach full sales.
Instead of management LIC ADO’s work is more marketing-oriented. A person expert to do the work through others is, therefore, a great match for the role. Further, you are likely to travel more frequently for marketing meetings and the acquisition of new sales, as does an assistant administrative officer.
LIC AAO Work Profile
As the name implies, an Assistant Administrative Officer (AAO) performs management duties in the insurance industry. The officer operates primarily in the company’s administrative department under the leadership of the department. The following is a detailed work outline for AAO –
- Responsible for the arbitration of lawsuits.
- Communicate regularly with customers.
- Monitoring current insurance plans to identify mistakes and inaccurate results.
- Develop new company policies to replace the current policy to improve it.
- Adopting cooperation among other agencies to address claims and policy issues.
- In case of need, move to certain places.
Click here to know more about LIC Assistant Salary and Job Profile
Career Growth and Promotion
In terms of daily work promotions and career development, insurance cannot be counted as the best. Promotion in the Life Insurance Business takes between 7 to 8 years. However, that should not preclude your job as LIC Administrative Officer or Apprentice Development Officer from being well done. LIC AAO and LIC ADO are pursuing departmental development in career:
LIC ADO Career Progression
LIC AAO Career Progression
Job Atmosphere and Workload
Since there is a good deal of LIC ADO bonus on sales acquisition, there is always the stress to reach it. Thus the working environment of the LIC AAO is a little unpredictable compared to the LIC AAO and job security is less stable. If the officer continues to function for a longer time, he/she will nevertheless be able to obtain a good promotion and achieve the level of the Development officer in the future.
LIC ADO Job Atmosphere and Workload
An Apprentice Development Officer works to hire, handle, and purchase sales LIC agents. A LIC ADO should therefore progress in the work comfort stage a step further than LIC AAO. ADO’s key goal is to attract current customers and to carry new sales in collaboration with the LIC agents team. The person must therefore think out of the box and bring up new strategies for cracking sales.
LIC AAO Job Atmosphere and Workload
The LIC AAO has the administrative duties to undertake and is thus expected to perform their work constantly. This mainly involves checking the document related procedures, accounts, lawsuits, and settlements. In addition, it is very unusual for a deputy manager to be granted customer contact and sales responsibilities. The LIC AAO workplace culture is very easy to go and relaxed until and unless an audit is conducted.
There is plenty of paper and minimum fieldwork in the work of the LIC administrative officer. Therefore, if you’d like to work in a less stressed and relaxed position, you should only choose LIC AAO. However, if sales and marketing are your strength, you should go to the LIC ADO sector. Also, you can earn a lot of rewards and bonuses, based on your success when you work as an ADO.
We hope that this extensive comparison between LIC AAO and LIC ADO helps you to choose which is the most suitable career choice according to your profile. It is also particularly important to consider the advantages and disadvantages of both positions before beginning the writing test preparation.