LIC Business Development Officer Salary

Sir I have cleared Recruitment Exam of LIC for the post of Business Development Officers. Now I am going to join Life Insurance Corporation (LIC) of India as a Business Development Officer (BDO) next month. Would you tell me what is the salary given to BDO? Please provide me Pay Scale for it.

I completed my study and searching for job heard about the LIC Business Development Officer job searching for details about this job. Will you please tell what the LIC Business Development Officer salary along with other allowances and bonus offered so I plan to apply for this job?

[pawan]

A job in the Insurance Sector is regarded as one of the most preferred career options nowadays.

LIC Business Development Officer Salary

The entry Basic pay of LIC development officer is Rs 33135/- plus allowances.
Apart from salary they earn Incentive Bonus in excess of premiums brought by their Agentsvin excess of their cost ratio, which is 6 times of their annual gross salary.
Salary Rs 161,128 - Rs 507,251
Bonus Rs 541 - Rs 99,101
Profit Sharing Rs 0.00 - Rs 49,316
Commission Rs 12,080 - Rs 496,647
Total Pay Rs 163,571 - Rs 555,750
A detailed account on LIC AAO Job Profile has been mentioned below.

Managing and Filling Claims and Settlements.
Interacting with Specific Clientele.
Inspecting existing policies for errors or misleading fact.
Devising new schemes for the company to either replace an existing one or strengthen it.
Coordinate with other departments in issues related claims, settlements, policy revision, guidance etc.
Travel, if need be, to specific areas if duty calls.