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.

Free Quizzes & MINI Mocks

LIC Assistant Salary Structure

LIC Assistant Salary Structure 2024
Earnings	Amount
Basic Pay	Rs. 27,840
DA	Rs. 10,553.14
DA (Arrears)	Rs. 176.27
HRA	Rs. 1987.65
Transport Allowance	Rs. 680
Temp Cash Allowance	Rs. 800
Cadre Spl. Allowance	Rs. 2000
Tech Exam Allowance	Rs. 555
Tech Exam Allowance (Arrears)	Rs. 555
Gross Salary	Rs. 45,147.06
Deduction	Rs. 6731.06
Net Salary	Rs. 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.

Deductions	Amount
NPS-DCP Optees	Rs. 3825
Mediclaim	Rs. 158.92
New GI Scheme	Rs. 97
GTIS’ 97 Rish Pr	Rs. 196
Opynl Mediclaim	Rs. 613.92
GID Premium	Rs. 1840
SR A/C Credit	Rs. 0.22
Total Deductions	Rs. 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 Pay	Increments	Years
1	Rs. 27,840 (Initial Basic Pay)	Rs 840	1 year
2	Rs 28,680	Rs 915	2 years
3	Rs 30,510	Rs 1030	5 years
4	Rs 35,760	Rs 1195	2 years
5	Rs 38150	Rs 1455	3 years
6	Rs 42,515	Rs 1510	2 years
7	Rs 45,535	Rs 1610	5 years
8	Rs 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.

Free Quizzes & MINI Mocks

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.