LIC Assistant Salary 2022: Pay Scale, Job Profile, Promotion

LIC Assistant Salary 2022: Pay Scale, Job Profile, Promotion

ByKanika Ralhan  |  Updated on: Feb 15, 2022
Know about the LIC Assistant salary 2022 here. Also, check out the LIC Assistant job profile, pay scale, in-hand salary structure, grade pay, career growth, promotion, allowances, and perks.
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LIC Assistant Salary and Job Profile 2022: The Life Insurance Corporation of India determines the LIC Assistant salary. Candidates interested in working as Assistants should familiarise themselves with the LIC job profile. The LIC Assistant Recruitment is held to find the most deserving candidates for the Assistant post. Candidates are expected to go through a selection procedure after clearing all stages, including the medical test. Read on to know all detailed information regarding LIC Assistant salary, job profile, career growth, promotion, allowances, and perks.

LIC Assistant Salary 2022

According to the 7th Pay Commission, candidates hired as Assistants in LIC are paid properly. As per the latest LIC Assistant salary, the basic pay of a LIC Assistant (Clerk) is Rs 14,435/- per month on the scale of Rs 14,435-840(1)-15,275-915(2)-17,105-1030(5)-22,255-1,195(2)-24,645-1,455(3)-29,010-1,510(2)-32,030-1,610(5)-40,080 and other admissible allowances as per rules. Total emoluments at the minimum of the scale inclusion of Graduation increment, House rent allowance & City compensatory allowances wherever depending upon the classification of the city and meal coupon will be approx. to Rs 30,000/- per month. The gross annual package will be in the range of INR 3 to 3.4 lakhs.

Check Preparation Strategy for LIC Assistant 2022 here.

LIC Assistant Perks and Additional Benefits 2022

Along with the LIC assistant salary 2022, candidates will be eligible for a slew of other perks, as outlined in the LIC rules and regulations. The compensation and other benefits may vary depending on the location. The following are some of the perks granted to LIC Assistants.

  • House Rent Allowances (HRA): This is determined by the employee's job location. If LIC Assistants are assigned to metropolitan cities, big cities, or other locations, the HRA can be as high as 9%, 8%, or 7% of the LIC Assistant basic pay, depending on the region.
  • City Compensatory Allowance (CCA): This varies by job location and can be as much as 4%, 3%, or 0% of the LIC Assistant's basic income.
  • The Dearness Allowance (DA): The Dearness Allowance is a quarterly adjustment based on the Consumer Price Index (CPI). It accounts for 40% of the base salary. Because the CPI is based on the rate of inflation, it fluctuates a lot. As a result, DA fluctuates a lot.
  • Allowance for Lunch.
  • Insurance Allowance: As per LIC norms, group personal accident insurance, vehicle loan (2-wheeler), and so on.
  • Defined Contributory Pensions, Gratuities, and Other Benefits.

Check the List of Best LIC Assistant Books 2022 here.

LIC Assistant Job Profile 2022

All candidates who wish to work as LIC Assistant should know the LIC Assistant job profile 2022. The following discussed are some of the major work responsibilities of a LIC Assistant.

  • Daily dealing with customer grievances.
  • Processing and analyzing all the documents related to Insurance Documentation and checking their authenticity.
  • Handling documents related to policies claims, settlements, accounts, etc.
  • Handling both online/offline transactions.
  • After the appointment, the candidate will be on probation for a period of 6 months, which might get extended to 1 year.
  • Performing duties of Clerical Staff including Cashier, Single window operator, Customer Service Executive, etc.
  • Handling cash counters, working on files given by Assistant Manager.
  • Assisting in back-office works.

Check LIC Assistant Exam Analysis here.

LIC Assistant Career Growth and Promotion 2022

Other than the LIC Assistant salary, there is enormous career growth and promotion. Employees are promoted based on LIC's internal requirements as well as the employee's expertise and interests after they have been hired. Their performance is continually examined, and promotions are made as a result. People with good performance are promoted early.

  • It provides you with time-based promotions.
  • Employees get promotions based on their years of experience and performance.
  • Employees also get a chance of promotion via Departmental exams.

Check the detailed LIC Assistant Syllabus 2022 here.

Everything you wanted to know about the LIC Assistant salary and job profile in 2022 was covered in this post. If you have any further questions, please contact BYJU's Exam Prep. We hope this information is useful to you.

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LIC Assistant Salary FAQs

  • LIC Assistants are eligible for a variety of benefits, including Dearness Allowance and House Rent Allowance. In the official recruitment notification, candidates can find a detailed list of allowances granted to the LIC Assistant.

  • Assistants have additional advantages in addition to their LIC Assistant salary and allowances. Candidates will be informed of all benefits once they have been selected for the post.

  • There are yearly increments in LIC Assistant salary. After one year on the job, candidates will receive their first raise.

  • LIC Assistants are typically in charge of clerical work as well as dealing with customer complaints. Go through the above post for a more thorough career profile on LIC Assistant.

  • The gross annual LIC Assistant salary 2022 will be in the range of INR 3 to 3.4 lakhs. For more details, refer to the above post.

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