LIC Assistant Salary 2024 – LIC Assistant Revised Salary, see how much salary you will get now

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LIC Assistant Salary 2024

Jeevan Bima Sahyog is a top public sector insurance company with great career opportunities for the candidates. LIC offers a good salary and job profile along with good learning opportunities. Which is very beneficial and attractive in every way. The salary structure in LIC is revised from time to time, according to which LIC Assistant Salary has been revised in recent years. this article here LIC assistant salary 2024 and job profile (LIC Assistant Salary 2024 and job profile) Provides all information about.

LIC Assistant Salary is one of the best salaries in the insurance sector, details of LIC Assistant Salary 2024 are mentioned in the official notification. Complete details on LIC Assistant Salary 2024 are given in this post.

LIC Assistant Salary 2024: Salary Structure

According to recently received information, LIC Assistant salary is Rs 38,700. Will be monthly. Below we have provided the detailed LIC Assistant Salary Structure in the article.

LIC Assistant Salary Structure
Earnings Amount
Basic Pay Rs. 38,700
Yes (50%) Rs. 19,350
HRA (10%/ 8%/ 7%) Rs. 3,870
Transport Allowance Rs. 680
Temp Cash Allowance Rs. 800
Cadre Spl. Allowance Rs. 2000
Tech Exam Allowance Rs. 555
Tech Exam Allowance (Arrears) Rs. 555
Gross Salary Rs. 66,510
Deduction Rs. 6731.06
Net Salary (approx.) Rs. 59,000

LIC Assistant Salary 2024: Deductions

There are some deductions from the salary of LIC Assistant whose details are as follows:

LIC Assistant Salary 2024: Deductions
Name of the Deductions Amount
NPS-DCP Optees Rs. 3825
Mediclaim Rs. 158.92
New GI Scheme Rs. 97
GTIS' 97 Rish Pr Rs. 196
Opynl Mediclaim Rs. 613.92
GID Premium Rs. 1840
SR A/C Credit Rs. 0.22
Total Deductions Rs. 6731.06

LIC Assistant Salary 2024: Increments

The employee nominated to the post of LIC Assistant gets salary increment at regular time period. The increase in LIC Assistant Salary 2024 is mentioned below.

LIC Assistant Salary 2024: Increments
No. of Years Increment Basic Pay
Initial Rs. 38,700
For the next 1 year 2,275 Rs. 40,975
For the next 2 years 2,485 Rs. 45,945
For the next 5 years 2,800 Rs. 59,945
For the next 2 years 3,235 Rs. 66,435
For the next 3 years 3,960 Rs. 78,315
For the next 2 years 4,110 Rs. 86,535
For the next 5 years 4,385 Rs. 1,08,460

LIC Assistant Salary 2024: Perks and Allowances

LIC Assistant Salary 2024 is not limited to pay scale only. Various other perks and allowances are provided to the employee. Here are some of the allowances that candidates receive apart from the LIC Assistant salary.

  1. cash medical benefits
  2. Group Medi-Claim
  3. group personal accident insurance
  4. Group insurance
  5. Vehicle loan (two wheeler) as per rules
  6. fixed salary increase
  7. House Rent Allowance and City Compensation Allowance
  8. defined contributory pension
  9. gratuity
  10. LTC

LIC Assistant Salary 2024: Job Profile

To prepare for LIC Assistant exam, it is necessary for the candidates to understand the job profile of LIC Assistant. The role of LIC Assistant is to provide administrative support to various departments within the Life Insurance Corporation of India (LIC). Some of the key responsibilities of a LIC Assistant include:

  • LIC Assistants are responsible to perform various duties of clerical staff ranging from cashiers, single window operators, customer service officers etc.
  • Manages the cash counter, processing and acceptance or disbursement of files assigned by the Assistant Manager.
  • They also have to do back-office work, account related work and collections as per the work assigned by the manager.
  • They will also have to resolve customer complaints.
  • LIC Assistants are responsible for processing and reviewing insurance documents and ensuring that all documents are complete.
  • They need to manage sales documents and other documents related to policies, claims, settlements, accounts, etc.
  • LIC assistants have to handle online/offline transactions.

LIC Assistant Salary 2024: Career Growth

The insurance sector offers diverse career prospects, and getting appointed as a LIC Assistant is a great opportunity. During the probation period, which may extend up to one year, new assistants are expected to demonstrate the ability to effectively perform their job responsibilities. Once they successfully complete their probationary period, they are appointed to their respective posts.

As LIC Assistant, employees can be transferred to different departments as per the internal requirements of the organization and their own interests. Additionally, promotions are given to employees based on their years of experience and performance. LIC Assistants also have the option to take departmental exams and try for higher posts.

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