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
