LIC Assistant Salary: Job Profile, Salary Details And More

Last updated on January 23rd, 2023 at 08:34 am

The Life Insurance Corporation of India will soon release the recruitment notification for the post of Assistant. Candidates can view the detailed notification when it gets released on the official website, licindia.in. It is important for the candidates to learn about the LIC Assistant Salary which will excite and encourage the candidates to apply for the Assistant position in LIC. The Life Insurance Corporation is an organization holding a good reputation till date. The organization provides LIC Assistant Salary and Perks which will allow the candidates to apply for the Assistant position right away. After getting recruited as Assistant in LIC, candidates will be able to receive reasonable and attractive salaries. Reading this article to know the LIC Assistant Salary and learn about the job profile.

LIC Assistant Salary Details

Candidates should get acquainted with the LIC Assistant Salary details in order to decide whether to apply for the position or not. Reading this page will help the candidates to make a good decision. LIC Assistant basic pay is Rs.14435-840 (1) – 15275-915 (2 ) – 17105 – 1030 (5) – 22255 – 1195 (2) – 24645 – 1455 (3) – 29010 – 1510 (2) – 32030 – 1610 (5) – 40080 on the scale.

The table given below will clear the doubts of the candidates which they have regarding the LIC Assistant Salary per month and others.

LIC Assistant Salary in Hand

The amount which the employees receive after tax is in- hand salary and other deductions are carried over. The candidates qualifying for the Assistant position in LIC are expected to receive Rs.28,000 – Rs.32,000/-. This is estimated based on previous year’s salary. It is to be noted that gross salary is subtracted from the salary which includes occupational tax, payroll tax and other policy deductions.

LIC Assistant Salary: Annual Package

Annual Package will give an idea to the candidates about how much they will earn in a year.  The basic pay is given as Rs. 14435 as per the 7th pay Commission. The gross annual package will be around INR 3 to 3.4 Lakhs per annum.

LIC Assistant Salary: Allowances and Benefits

LIC Assistant Salary Slip is a slip which contains basic pay, deductions, allowances, benefits and others. The following are allowances and benefits which the candidates receive when they get appointed as an Assistant in Life Insurance Corporation of India.

• House Rent Allowance
• Medical allowance
• Transport Allowance
• Stationary Allowance
• PF Allowance
• City Compensatory Allowance
• Lunch Allowance
• Dearness Allowance
• Insurance Allowance
• Defined Contributory Pension, Gratuity, etc.

House Rent Allowance

If the LIC Assistants gets a posting in metropolitan cities, big cities, or other places, the HRA can be 9%, 8%, or 7% of the LIC Assistant’s basic pay.

Dearness Allowance

This is revised quarterly based on the Consumer Price Index (CPI). It forms 40% of the basic pay. CPI depends on the inflation rate, due to which it shows frequent fluctuation.

Check the latest updates below-

LIC Assistant Salary: Probation Period

After joining as an Assistant in LIC, candidates are expected to be kept on a probation period for a year. This period can also be extended to 2 years depending upon their performance. When the candidates complete this period, they become permanent employees.

LIC Assistant Salary: Career Growth and Promotion

After getting recruited as LIC Assistant, employees’ performance are evaluated and promoted according to LIC’s internal requirements and employees’ experience and interests. Employees with good performance will get promoted sooner than expected.

LIC Assistant Salary: Job Profile

It is important for the candidates applying for the LIC Assistant Recruitment 2023 to learn the basics of their work to perform the duties and take up the responsibilities without any difficulty. The following are the duties and responsibilities of an LIC Assistant.

• Managing cash counters at LIC offices.
• Sanctioning and disbursement of files assigned to them.
• Looking into customer grievances.
• Performing back-office work and account-related work.
• LIC Assistants perform Cashier, Single Window Operator, Customer Service Executive, and other clerical services.

LIC Assistant Salary: FAQs