LIC Assistant

LIC Assistant Salary 2024, Basic Pay, In hand Salary,

Salary and Job Profile of LIC Assistant 2024: As the foremost insurance company in India, Life Insurance Corporation (LIC) offers the highly sought-after position of LIC Assistant to individuals aspiring to embark on a career in the insurance sector. Prospective candidates strive to navigate the LIC Assistant selection stages, aiming to secure their desired positions. Undoubtedly, the LIC Assistant Salary is a pivotal factor, fueling candidates’ confidence and propelling them to excel in the selection process. The role of LIC Assistant boasts not only competitive basic pay but also substantial perks, allowances, and benefits, including HRA and CCA. This article delves into the details of the LIC Assistant’s salary, the job profile, and the various benefits extended to employees.

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LIC Assistant Salary Structure

LIC Assistant Salary Structure 2024
EarningsAmount
Basic Pay Rs. 27,840
DARs. 10,553.14
DA (Arrears)Rs. 176.27
HRARs. 1987.65
Transport AllowanceRs. 680
Temp Cash AllowanceRs. 800
Cadre Spl. AllowanceRs. 2000
Tech Exam AllowanceRs. 555
Tech Exam Allowance (Arrears)Rs. 555
Gross SalaryRs. 45,147.06
DeductionRs. 6731.06
Net SalaryRs. 38416.00

LIC Assistant Salary 2024- Deductions

Deductions from LIC Assistant Salary: Candidates can review the comprehensive list of deducted amounts from the LIC Assistant salary in the table provided below.

DeductionsAmount
NPS-DCP OpteesRs. 3825
MediclaimRs. 158.92
New GI SchemeRs. 97
GTIS’ 97 Rish PrRs. 196
Opynl MediclaimRs. 613.92
GID PremiumRs. 1840
SR A/C CreditRs. 0.22
Total DeductionsRs. 6731.06

LIC Assistant 2023 Selection Process

LIC Assistant Salary 2024- Increments

The Assistant post employees experience annual increments at various scales, and the increment cycle concludes upon the basic pay reaching the maximum amount of Rs 53,585. Explore the progression of increments in LIC Assistant Salary through the data presented below.

SNo.Basic PayIncrementsYears
1Rs. 27,840 (Initial Basic Pay)Rs 8401 year
2Rs 28,680Rs 9152 years
3Rs 30,510Rs 10305 years
4Rs 35,760Rs 11952 years
5Rs 38150Rs 1455 3 years
6Rs 42,515Rs 15102 years
7Rs 45,535Rs 16105 years
8Rs 53,585 (Max. Basic Pay)Till retirement

LIC Assistant Job Profile

Candidates aspiring to appear for the LIC Assistant Exam must familiarize themselves with the job profile of LIC Assistant. The responsibilities of an LIC Assistant encompass the following:

Functioning as a Cashier, Single Window Operator, and Customer Service Executive, LIC Assistants are entrusted with various clerical responsibilities. Their duties include:

  1. Overseeing cash counters within LIC offices.
  2. Executing back-office tasks, handling account-related assignments, and managing recovery processes as directed by the manager.
  3. Addressing customer grievances and effectively managing associated issues.

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LIC Assistant Probation Period

LIC Assistants undergo a one-year probationary period upon joining, which may be extended to a maximum of two years and is subject to potential changes. In the public sector, the probation period for applicants refers to the duration required to attain permanent employment within the agency. Following the probationary period, LIC Assistant applicants are entitled to all the benefits and privileges of regular employees.

Abhishek Tiwari

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