Life Insurance Corporation of India(LIC) invites online applications from eligible candidates who must be Indian Citizens for selection and appointment as Apprentice Development Officer in the jurisdiction of the various Divisional Offices under Various Zonal Office.
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Life Insurance Corporation of India
Age Limit (as on 01-05-2019)
STIPEND & REMUNERATION:
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 Developmen 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 thedate 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.
An Apprentice Development Officer will have to undergo Theoretical & Field Sales Training. Theperi od of apprenticeship shall commence from the date of commencement of the training.
An Apprentice Development Officer, who successfully completes the apprenticeship and, in opinion of the Recruiting Authority, is otherwise suitable for appointment to the service of the Corporation may be appointed as a Development Officer and placed on probation. The period of probation shall be for one year which may be extended upto two years.
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