LIC Assistant Salary, Career Growth & Job Profile 2021

LIC Assistant Salary, Career Growth & Job Profile 2021

LIC Assistant salary is a handsome salary along with some amazing perks as offered by Life Insurance Corporation. The LIC Assistant salary differs as per the Bank location.

Every aspirant should know the details about LIC Assistant salary, LIC Assistant job profile and LIC Assistant career growth, which will create interest and help in the better preparation of the exam. So, here ambitiousbaba is providing all the details about the LIC Assistant salary, LIC Assistant job description, LIC Assistant  career growth etc.

Also knowing the LIC Assistant Salary Scale will help candidates keep themselves motivated towards LIC Assistant Preparation. Aspirants can check the details on LIC Assistant Salary, Promotion, career opportunity, job profile, responsibilities etc. below:

LIC Assistant Salary Pay Scale

The LIC Assistant Salary Pay Scale is tabulated below:

LIC Assistant Salary and Perks 

Basic Pay Rs.16190/-
Temp cash allow Rs.300/-
DA Rs.11235.80/-
HRM Rs. 1133.30/-
Transport Allowance Rs.460/-
Total Rs.29319/-

Deductions

Misc 1200-1300
Salary In Hand   28000 to 29000 Approx

 

LIC Assistant Salary

LIC Assistant Allowances in Salary Slip

Apart from LIC Assistant Basic Pay, LIC Assistants will enjoy various perks. The list of LIC Assistant allowances, emoluments and benefits offered by LIC are listed below:

  • House Rent Allowance – The HRA depends upon the job location. Based on whether the LIC Assistants are posted in metropolitan cities, big cities or other locations, the HRA can be 9%, 8% or 7% of the LIC Assistant Basic Pay.
  • City Compensatory Allowance (CCA) – This too depends upon the job location and can be 4%, 3% or 0% of the LIC Assistant Basic Pay.
  • Dearness Allowance (DA) – The DA is revised quarterly based on the Consumer Price Index. This component of LIC Assistant Salary forms around 40% of the Basic Pay. Since CPI depends upon inflation rates, the DA can increase or decrease based on that.
  • Lunch Allowance – Meal coupon will be approximately Rs 30,000/- per month in ‘A’ Class city.
  • Insurance Allowance – Group Personal Accident Insurance, Vehicle Loan (2-wheeler) as per rules, etc.
  • Defined Contributory Pension, Gratuity, LTC.

LIC Assistant Job Profile

The work profile or job profile of LIC Assistant involves the following:

  • Clerical duties
  • Public relation/ mitigation
  • Document handling
  • Customer service executive
  • Back-end office work
  • Handling transactions

LIC Assistant Promotions

  • 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.

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