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Frequently Asked Questions
Life insurance products: term plans, endowment, money-back, whole life, ULIPs, group insurance. IRDAI structure, powers, and key regulations. LIC's major products (Jeevan Anand, Jeevan Lakshya, New Jeevan Amar, PM Jeevan Jyoti Bima Yojana). Insurance basics: premium, sum assured, surrender value, maturity benefit, claim settlement ratio. Bancassurance regulations.
LIC ADO (Apprentice Development Officer) recruits and manages insurance agents, sets agent sales targets, provides agent training, conducts renewal follow-ups, and meets individual premium collection targets. ADO salary: basic ₹32,795/month (approximate) + field allowances + commission-linked incentives. Total earnings can be ₹50,000–₹80,000+/month for high performers.