• House rent allowance : LIC Provides house to their employee. In some case, if someone has been not allocated a flat, LIC gives HRA depending on Place of Postings.
• Allowance for OPD treatment (Non hospitalisation)
• Dearness Allowance
• City Compensatory Allowance(CCA)- 0% – 4% of the basic pay (Location dependent)
• Medical Insurance- 100 percent coverage for the employee and 75 percent coverage for the dependent.
• Furniture Allowance
• Petrol allowance
• Loan Benefits
• Education allowances

• At present, initial monthly gross emoluments are ₹30 k/- (approx)

• The minimum cost to company (CTC) 2.7 lakhs and maximum CTC is 6.2 lakhs. The variation totally depends on the place of posting

• LIC Assistants must dispense with customer grievances.
• They have to be responsible for processing and reviewing insurance documentation and ensuring that all documents are complete.
• Required to Manage Sales documents & other documents related policies, claims, settlements, accounts, etc.
• The Assistants have to handle online/ offline transactions.
• Once appointment as Assistant shall be on probation for a period of six months from the date of appointment which can be extended up to one year.
• It is only after the successful completion of the probation period, the Trainees are to be appointed to their respective positions.
• Assistants are responsible to perform various duties of Clerical Staff including Cashier, Single Window Operator, Customer Service Executive, etc.
• The main role of Assistants is to manage cash counters, processing and sanctioning or disbursement of files and assigned by the Assistant manager.
• LIC Assistants must also perform back-office works, Account related work and recovery as per the work assigned by the manager

LIC Assistant are also transferred to other departments depending upon internal requirements as well as the interest of the employees. Employees get promotion based on their years of experience and performance. Employees may also give Departmental examinations and get promoted to higher posts