Life Insurance Corporation of India is a very popular organization in India. A position with LIC is equivalent to a high-paying government post. The work description comes with numerous benefits, including stable employment and future, a good income and allowances, and excellent promotions.
The role of LIC Assistant is entry-level. However, after the hiring, with experience of working or their daily routines, the employee will have numerous opportunities to demonstrate work skills that can lead to a promotion and assist them to attain the senior position. Read on to learn about the LIC Assistant salary details.
LIC Assistant Salary: Overview
The LIC Assistant announcement has not yet been made public. Currently, the basic pay is Rs. 14,435/- per month, and with various allowable allowances and deductions, the in-hand compensation is between Rs. 28,000 and Rs. 30,000 per month.
|Conducting Body||Life Insurance Corporation Limited|
|No of Vacancy||to be notified|
|Selection Process||Prelims, Mains|
LIC Assistant Salary Structure
The LIC Assistant Salary Structure is detailed below. The starting salary and the maximum in-hand salary are specified. Basic pay of Rs. 14435/- per month on a scale of Rs. 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080, plus other allowances as defined by the regulations.
Initial Basic Pay – Rs 14435 with a yearly increment of Rs 840 for 1 year
Rs 15275 and a yearly increment of Rs 915 for the next two years
Rs 17105 and a yearly increment of Rs 1030 for the next five years
Rs 22255 and a yearly increment of Rs 1195 for the next 2 years
Rs 24645 and a yearly increment of Rs 1455 for the next three years
Rs 29010 and a yearly increment of Rs 1510 for the next two years
Rs 32030 and a yearly increment of Rs 1610 for the next five years
Rs 40080(maximum Basic Pay)
LIC Assistant Salary Perks & Allowance
The salary slip comprises a number of allowances, base pay, and gratuity. The compensation is a significant motivator for candidates to perform well and pass the exam. A LIC Assistant’s salary slip includes the following benefits and allowances.
# Graduation Increment
# House Rent Allowance & City Compensatory Allowance
# Defined Contributory Pension
# Cash Medical Benefit
# Group Medi-claim
# Group Personal Accident Insurance
# Group Insurance
# Vehicle Loan (2-wheeler) as per rules
LIC Assistant Job Profile
The job profile of LIC Assistant is given below:
# Assistants are responsible for doing numerous Clerical Staff jobs such as Cashier, Customer Service Executive, Single Window Operator, and so on.
# Assistants’ primary responsibilities include managing cash registers, and processing and sanctioning or disbursing files as directed by the Assistant Manager.
# LIC Assistants must also handle back-office functions, account-related tasks, and recovery as directed by the manager.
# Customer complaints must be handled by LIC Assistants.
# They must be in charge of processing and reviewing insurance papers, as well as ensuring that all documentation is complete.
# Manage sales documents and other documents relating to policies, claims, settlements, accounts, and so on.
# The Assistants must handle both online and offline transactions.
# Once appointed as an Assistant, you will be on probation for 6 months from the date of your appointment, which can be prolonged up to one year.
# Trainees will be appointed to their respective posts only after successfully completing the probation period.
LIC Comprehensive Program by UPSC Pathshala
UPSC Pathshala provides the LIC Comprehensive Program to all LIC test candidates. As part of this program, you will get 300+ hours of mentorship. Every Sunday, you will be tested using simulated tests to determine how far you have progressed in your preparation. If you have any queries, you may find the answers in the question and answer sessions. You may book a free demo with a mentor to determine if this course is right for you.
Now that you have all of the information you need about the LIC Assistant Salary 2022, get ready for your preparation. Examine the LIC Assistant Syllabus as well as the Exam Pattern. Complete the entire curriculum in the most efficient manner possible, mastering each and every topic.