LIC ADO Result 2023

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LIC ADO Result 2023

The Life Insurance Corporation of India (LIC) has announced the results of the examination for the recruitment of Apprentice Development Officer (ADO) positions. Candidates can access the results on LIC’s official website

The results of the interview, which was the final phase of the recruitment process, have been published. Candidates who participated in the interview for the ADO positions can check their results on the LIC website

To view the results, candidates will need to provide their roll number and date of birth.

About Life Insurance Corporation of India (LIC)

Life insurance in India has a history of over 100 years. Despite being one of the most populous countries in the world, the significance of insurance is not widely understood as it should be. In an effort to familiarize readers with the concepts of life insurance, particularly in relation to LIC (Life Insurance Corporation), the following information is provided. However, it should be noted that this content does not provide an exhaustive description of the terms, conditions, benefits, or privileges of an LIC policy.

For more detailed information, please contact our branch or divisional office. Any LIC agent will be pleased to assist you in selecting a life insurance plan that suits your needs and provide policy servicing.

What Is Life Insurance?

Life insurance is a contractual agreement that guarantees payment of a specified amount to the insured person (or their nominee) upon the occurrence of the insured event. The contract remains valid for the payment of the insured amount under the following circumstances:

  • Upon reaching the maturity date
  • At specified intervals
  • In the unfortunate event of early death

Additionally, the contract requires the policyholder to make periodic premium payments to the Corporation. Life insurance is widely recognized as an institution that mitigates risk, replacing uncertainty with certainty, and providing timely support to families in the event of the breadwinner’s death.

In essence, life insurance addresses two major risks that individuals face throughout their lives:

The risk of premature death, leaving behind a dependent family to fend for themselves.

The risk of surviving until old age without sufficient financial support.

Life Insurance Vs. Other Savings

Insurance Contract:

A contract of insurance is based on the principle of utmost good faith, known as uberrima fides. This principle requires the disclosure of all material facts and applies to all forms of insurance. When taking out a policy, the policyholder must ensure that all questions in the proposal form are answered accurately. Any misrepresentation, non-disclosure, or fraud in the documents pertaining to the acceptance of the risk will render the insurance contract null and void.


Life insurance offers complete protection against the risk of the insured person’s death. In the event of demise, life insurance ensures the payment of the entire assured amount (including bonuses, if applicable). On the other hand, other savings schemes only provide the amount saved with interest.

Aid to Thrift:

Life insurance promotes the habit of thrift by allowing long-term savings through effortless premium payments. The “easy installment” facility provided by insurance schemes enables individuals to make regular payments on a monthly, quarterly, semi-annual, or annual basis. For example, the Salary Saving Scheme (SSS), also known as a convenient method of paying premiums through monthly deductions from one’s salary, is ideal for institutions and establishments, subject to specified terms and conditions.


Life insurance policies with loan value can be used as security to obtain loans. Moreover, life insurance policies are generally accepted as collateral for commercial loans.

Tax Relief:

Life insurance offers the benefit of tax deductions on income tax and wealth tax. Premium amounts paid for life insurance are eligible for deductions as per the prevailing income tax rates. Assessees can take advantage of the provisions in the law for tax relief, effectively reducing the premium paid for insurance.

Money When You Need It:

A well-planned insurance policy can be utilized to fulfill various monetary needs that may arise over time. It can assist in funding children’s education, providing for marriage expenses, or meeting periodic cash requirements. Alternatively, policy funds can be accessed upon retirement to be used for specific purposes such as purchasing a house or making other investments. Policyholders are also eligible for loans for house construction or flat purchase, subject to certain conditions.

Who Can Buy a Policy?

Any person who has reached the age of majority and is eligible to enter into a valid contract can purchase a life insurance policy for themselves or for those in whom they have an insurable interest. Policies can also be taken, subject to certain conditions, on the lives of spouses or children. During the underwriting process, factors such as the policyholder’s health status, income, and other relevant aspects are considered by the Corporation.

Insurance for Women:

Before nationalization in 1956, many private insurance companies would offer insurance to women with additional premiums or under restrictive conditions. However, after the nationalization of life insurance, the terms under which insurance is granted to women have been reviewed periodically. Presently, women who work and earn an income are treated on par with men. In other cases, a restrictive clause may be imposed for females up to 30 years of age who do not have an income attracting income tax.

Medical and Non-Medical Schemes:

Usually, life insurance is offered after a medical examination of the individual being insured. However, to promote wider coverage and convenience, LIC has been providing insurance coverage without medical examinations, subject to certain conditions.

With Profit and Without Profit Plans:

An insurance policy can be either “with profit” or “without profit.” In a “with profit” policy, bonuses disclosed during periodic valuations are allocated to the policy and paid along with the assured amount. In a “without profit” plan, the contracted amount is paid without any additional bonuses. The premium rate for a “with profit” policy is higher than that of a “without profit” policy.

Keyman Insurance:

Keyman insurance is taken out by a business firm on the life of a key employee(s) to protect the firm from financial losses that may occur due to the untimely demise of the key individual.

LIC ADO Result 2023

The Life Insurance Corporation of India (LIC) conducted the examination for the recruitment of Apprentice Development Officer (ADO) positions in January of this year.

A total of 9394 posts are being filled through this recruitment drive.

The selection process consisted of three stages: prelims, mains, and interview. The LIC ADO 2023 Mains Result was declared on May 29th.

How to check the result?

  • Candidates who appeared for interview first LIC official website should be opened.
  • Click on the Career tab.
  • Click on the ‘Recruitment of Apprentice Development Officer 22-23’ link.
  • After that, click on the Apprentice Development Officer Interview result 2023 link that appears on the screen.
  • Enter registration number, password or date of birth in the specified boxes.
  • Results will appear in PDF format. You can check your registration number in it. Or you can download that PDF.
  • Take a print out of the result for future reference.