LIC Assistant Salary 2021 In Hand - HelpStudentPoint
LIC Assistant Salary 2021 In Hand
By On May 15th, 2021
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LIC Assistant Salary Structure, LIC Assistant Allowances, LIC Assistant Salary In Hand, LIC Assistant Annual Package, LIC Assistant Officer Job Profile, LIC Assistant Officer Career Path

Those Candidates who are focusing to make their career in insurance sector, have dreams to work with India’s Insurance sector Leader Life Insurance Corporation (LIC) of India. LIC Assistant is a one of the prestigious and most sought career in India in the field of government job. The reason behind this is the in hand salary, lucrative perks, better future prospects and respect in the family & in the society. Every year larger number of insurance aspirants give their best to get the tag of LIC.

LIC Assistant Salary Structure
Period LIC Assistant Basic Salary Increment
Basic Pay INR 14435/-
Every year for first 1 years INR 14435/- 840/-
Every year For the next 2 years INR 15275/- 915/-
Every year For the next 5 years INR 17105/- 1030/-
Every year For the next 2 years INR 22225/- 1195/-
Every year For the next 3 years INR 24645/- 1455/-
Every year For the next 2 years INR 29010/- 1510/-
Every year For the next 5 years INR 32030/- 1610/-
Till Retirement INR 40080/-
LIC Assistant Allowances
  • 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
LIC Assistant Salary In Hand 
  • At present, initial monthly gross emoluments are ₹30 k/- (approx)
LIC Assistant Annual Package
  • 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 Assistant Officer Job Profile
  • 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 Officer Career Path
Along with handsome salary and allowances, there are immense opportunities to grow.

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

LIC Assistant Useful Article Read Also
LIC Assistant Previous Question Paper
LIC Assistant Syllabus 2021 
LIC Assistant Best Books
LIC Assistant Exam 2021
Official Website 

LIC Assistant Salary FAQs

Question- What is the starting basic salary of LIC Assistant?

Answer- The starting basic salary of LIC Assistant is INR 14435/-

Question- What is the status of leave in LIC Assistant?

Answer- The leave is according to government and banks norms as like other government job.

Question- What is the in hand salary of LIC Assistant?

Answer- The in hand salary of LIC Assistant is around 30k based on place of posting.

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