LIC Recruitment 2023: Applications invited for 9394 ADO Posts

LIC Recruitment 2023: Applications invited for 9394 ADO Posts

Life Insurance Corporation of India is an Indian statutory insurance and investment corporation. It is under the ownership of Ministry of Finance, Government of India.

Balanced Advantage Funds are hybrid funds, which are free to manage their exposure to equity and debt instruments without any caps on exposure limits. These funds change their exposure to equity and debt instruments as per the changing equity valuations or market conditions. The fund aims to generate capital gains primarily through dynamic management of equity allocation as per varying market conditions.

LICMF Partner is an easy to use mobile application for its empaneled Distributors & IFAs. LICMF Partner will enable IFAs to initiate investor transactions for their clients online. IFAs can easily review and manage their clients mutual fund accounts with LICMF. Download this mutual fund distributor app today!

Equity Linked Savings Scheme (ELSS) is a type of Mutual Fund scheme. Going by its name ELSS invests a majority of its corpus in equity and equity related products. An investment in ELSS comes with a lock in period and has tax benefits attached to it. It is suitable for investors having a high risk profile as returns in ELSS fluctuate depending upon the equity market and there are no fixed returns. ELSS schemes are open ended in nature, that is, investors can subscribe to the fund at any day. NAV or the price of the fund is declared on every business day.

LIC Recruitment 2023: Vacancy details

Organization: Life Insurance Corporation (LIC) of India
Post Name: Apprentice Development Officer (ADO)
Vacancies: 9394 Posts
Exam level: National
Mode of Application: Online
Language: English/ Hindi
Official Website: https://licindia.in/

Salary details

Life Insurance Corporation of India offers a handsome amount of salary to the employees designated for the post of Apprentice Development Officer. During the apprentice period, an ADO will receive a monthly stipend of ₹51500/- per month, except in the case of LIC Employee Category Candidates. On appointment as a Probationary Development Officer, aspirants will receive a basic pay of ₹ 35650/- per month (except for LIC Employee Category candidates) in the pay scale of 35650-2200(2)-40050-2595(2)-45240-2645 (17)-90205. The net salary of the employee in an ‘A’ Class City will be approximate ₹ 56000/-.

Educational requirements:

The candidates who wish to apply for the LIC ADO post must be having a bachelor’s degree in hand in any discipline from a recognized university by Govt. of India.

Age Limit:

The applicant shall have completed 21 years of age (in completed years) and not more than 30 years of age (in completed years) as on 01.01.2023, i.e. candidates must have been born not earlier than 02.01.1993 and not later than 01.01.2002 (both days inclusive) as on 01.01.2023.

Note: Age Relaxations as per rules.

LIC Recruitment Important dates:

Important Links:

Notification: Click Here

Apply Online: Click Here

Official Site: Click Here

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ELSS funds are one of the best avenues to save tax under Section 80C. This is because along with the tax deduction, the investor also gets the potential upside of investing in the equity markets. Also, no tax is levied on the long-term capital gains from these funds. Moreover, compared to other tax saving options, ELSS has the shortest lock-in period of three years.