EPFO SSA vs LIC Assistant: Which one is better

EPFO SSA vs LIC Assistant: Which one is better

So it is point of doubt for every aspirant EPFO SSA vs LIC Assistant- Why there is difference? What is that difference?

In this article ambitiousbaba is going to cover the same most heated topic with great explanation. Following is the detailed comparative analysis between these two related to its job profile, salary, career growth , perks and work pressure.

♦About

• EPFO: Employees’ Provident Fund Organization or EPFO is one of the largest organizations in India which handles all the data and records of the ‘Provident Fund’ of all government employees. It also deals with various schemes like ‘Pension Scheme’, ‘Provident Fund Scheme. It is considered as the world’s largest social security organization as it handles large volumes of data and clients.
• LIC: Employees’ Provident Fund Organization or EPFO is one of the largest organizations in India which handles all the data and records of the ‘Provident Fund’ of all government employees. It also deals with various schemes like ‘Pension Scheme’, ‘Provident Fund Scheme. It is considered as the world’s largest social security organization as it handles large volumes of data and clients.

♦Examinations

• EPFO SSA exam Conducted by Employees Provident Fund Organisation (website epfindia.gov.in.)
• LIC Assistant exam Conducted by Life insurance Corporation of India

♦Competition level

• EPFO SSA and LIC Assistant Exam is level approximately same.

♦Eligibility Criteria

• LIC: Minimum Age shall be 18 years and maximum not be more than 30 years.
  “Bachelor’s Degree (10+2+3 pattern) in any discipline from a recognized Indian University / Institution”
• EPFO SSA: Degree from a recognized university. A typing speed of 5000 Key depressions per hour for Data Entry Work
• Age Limit: 18 to 27 Years

♦Central Govt. stake

• EPFO: Government of India now holds 100% stake in EPFO.
• LIC: Government of India now holds 100% stake in LIC but Budget 2020,The government proposes to sell a part of its holding in LIC through initial public offer

♦Exam pattern

• LIC: Phase 1 (Prelims) and Phase 2 (Mains)
• EPFO SSA: Phase 1 (Prelims) and Phase 2 (Mains), Phase 3 (Computer Skill test)

♦Job profile

EPFO SSA:

• The job of an EPFO SSA is very similar to that of Junior Associate/Clerk in a Public Sector Undertaking(PSU). An EPFO Social Security Assistant would have to support the EPFO Assistant and other higher Officers by providing regular reports and data related to the Employees Provident Fund. She/He would be responsible to collect and record data about EPFO Premiums, Contributions.
• An EPFO Social Security Assistant would have to support the EPFO Assistant and other higher Officers by providing regular reports and data related to the Employees Provident Fund.
• She/He would be responsible to collect and record data about EPFO Premiums, Contributions, etc.
• Proper Maintenance of Data and making it easily available to the officers whenever requested would also be one of the primary responsibilities in EPFO SSA Job Profile.
• Recording and Resolving Queries of EPFO Members would also be one of the responsibilities.

Lic Assistant:

• Lic Assistant will also be given tasks to handle files. He will be responsible to attend customer and answer the query. If the need comes he/she can also assigned as a single window operator.

♦Salary structure

EPFO SSA

• A candidate selected as an EPFO Social Security Assistant will receive salary under Level 4 of pay matrix which also comes under 7th Pay Commission.
• The starting salary of an EPFO Social Security Assistant will be around Rs 25,500/-
• Dearness Allowance DA(@12% of Basic Salary currently)-Rs. 3060
• Transport Allowance-Rs. 432
• House Rent Allowance HRA@24% of Basic Salary-Rs. 6120
• Gross Salary-38,160

LIC Assistant

• Basic Salary : 14400/-
• Gross Salary : 32,000 Approx

♦Career Growth

• Any Ministry or Government departments, promotion policy is very slow, so it all varies in the EPFO.

Assistant Provident Fund Commissioner (APFC)⇓

Regional Provident Fund Commissioner-II (RPFC-II)⇓

Regional Provident Fund Commissioner-I (RPFC-I)⇓

Additional Provident Fund Commissioner-II⇓

Additional Provident Fund Commissioner-I⇓

Additional Provident Fund Commissioner HQ⇓

Central PF Commissioner

LIC

• LIC Assistant are also transferred from one department to other internally depending upon the requirements as well as the interest of the employees.
• LIC Assitant conducts departmental tests for the promotion to higher posts.
• Employees get promotions based on their years of service, experience, and performance.

♦Conclusion

• LIC Assistant and EPFO Social Security Assistant both are good job posts and any one of them can be chosen or preferred by the job aspirants. Both the jobs being of EPFO will provide almost similar career opportunities, growth, facilities and salary.

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