LIC Assistant Salary Scale 2019 – In Hand Salary, After Wage Revision, Job Profile, Benefits

LIC Assistant Salary 2019 – The officials of LIC have announced 7871 vacancies under LIC Assistant Recruitment 2019. Candidates can start applying for LIC Assistant Exam from 17th September 2019 to 1st October 2019. There is a huge competition for LIC Assistant Recruitment as working under LIC is considered to be highly prestigious in society due to the salary and facilities provided by the LIC.

So the aspirants who have applied for  LIC Assistant Recruitment 2019 must be aware of LIC Assistant Salary Structure, Work Profile &  LIC Facilities For Assistants etc. Also knowing the LIC Assistant Salary Scale will help candidates keep themselves motivated towards LIC Assistant Preparation. In this article we will provide you with all the necessary information regarding LIC Assistant Salary in hand, LIC Assistant Salary after wage revision, Job Profiles, Benefits of working as an Assistant under LIC.

LIC Assistant Salary Pay Scale

The LIC Assistant Salary Scale is tabulated below:

LIC Assistant Pay Scale	14435 – 840(1) -15275 – 915(2) – 17105 – 1030(5) – 22255 – 1195(2) – 24645 – 1455(3) – 29010 -1510(2) – 32030– 1610(5) – 40080
Basic Pay	Rs. 14435/- per month
Gross Monthly Emoluments	Rs. 30,000/- Approx

LIC Assistant Salary – Allowances, Emoluments and Benefits

Apart from high salary and job security, LIC Assistants will enjoy various perks. The list of LIC Assistant allowances, Emoluments and benefits offered by LIC are listed below:

• House Rent Allowance – The HRA depends upon the job location. Based on whether the LIC Assistants are posted in metropolitan cities, big cities or other locations, the HRA can be 9%, 8% or 7% of the LIC AAO Basic Pay.
• City Compensatory Allowance (CCA) – This too depends upon the job location and can be 4%, 3% or 0% of the LIC Assistant Basic Pay.
• Dearness Allowance (DA) – The DA is revised quarterly based on the Consumer Price Index. This component of LIC Assistant Salary forms around 40% of the Basic Pay. Since CPI depends upon inflation rates, the DA can increase or decrease based on that.
• Lunch Allowance – Meat coupon will be approximately Rs 30,000/- per month in ‘A’ Class city.
• Insurance Allowance – Group Personal Accident Insurance, Vehicle Loan (2-wheeler) as per rules, etc.
• Defined Contributory Pension, Gratuity, LTC

LIC Assistant Salary – Work Profile Of Assistant

The work profile or job profile of LIC Assistant is listed below:

1. Assistants are responsible to perform various duties of Clerical Staff including Cashier, Single Window Operator, Customer Service Executive, etc.
2. The main role of Assistants is to manage cash counters, processing and sanctioning or disbursement of files and assigned by the Assistant manager.
3. LIC Assistants must also perform back-office works, Account related work and recovery as per the work assigned by the manager.
4. LIC Assistants must dispense with customer grievances.
5. They have to be responsible for processing and reviewing insurance documentation and ensuring that all documents are complete.
6. Required to Manage Sales documents & other documents related policies, claims, settlements, accounts, etc.
7. The Assistants have to handle online/ offline transactions.
8. 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.
9. It is only after the successful completion of the probation period, the Trainees are to be appointed to their respective positions.

LIC Assistant Salary – Promotions

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.

Finally We hope this detailed article on LIC Assistant Salary is helpful. If you have any query regarding this article or LIC Assistant Salary, drop your comments in the comment box below and we will get back to you as soon as possible