LIC Assistant Salary 

The officials of LIC have announced 8500 vacancies under LIC Assistant 2019 Recruitment 2019. Candidates can apply for LIC Assistant Exam from 17th September 2019 to 1st October 2019. There is a huge competition for LIC Assistant post as working under LIC is considered to be highly prestigious in society due to the salary and facilities provided by the LIC.

LIC Assistant Salary Pay Scale
The LIC Assistant Salary Pay Scale is tabulated below:

• Initial Basic Pay – Rs 14435 with a yearly increment of Rs 840 for 1 year
• Rs 15275 and yearly increment of Rs 915 for the next two years
• Rs 17105 and yearly increment of Rs 1030 for the next five years
• Rs 22255 and yearly increment of Rs 1195 for the next 2 years
• Rs 24645 and yearly increment of Rs 1455 for next three years
• Rs 29010 and yearly increment of Rs 1510 for next two years
• Rs 32030 and yearly increment of Rs 1610 for next five years
• Rs 40080(maximum Basic Pay)
• That is maximum salary of LIC Assistant earned without promotion is Rs. 40080 

LIC Assistant Salary 2019: LIC Assistant Allowances, Emoluments & Benefits
Apart from LIC Assistant Basic Pay, 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 Assistant 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.
• Apart from LIC Assistant Basic Pay, 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 Assistant 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 2019 – Job Profile
LIC Assistants are responsible to perform all the duties of a clerical staff be it a cashier, single-window operator, customer service executive, etc.

• Assistants have to manage cash counters, processing and approving of the files as asked by the Assistant Manager.
• Back-office work, Account related work are some duties to be performed by the LIC Assistant.
• LIC Assitant has to take care of customer grievances as well.
• Reviewing of Insurance documents and making sure that all the documents are complete is LIC Assistant’s responsibility.
• Management of all the documents sales documents, documents related to policies, claims, settlements, accounts, etc.
• Online and offline transaction status will be taken care of by the LIC Assistant. 
• The trainees are posted to their respective positions only after the successful completion of the training period.

LIC Assistant 2019 – Career Growth and Promotions

• LIC Assistant are also transferred from one department to other internally depending upon the requirements as well as the interest of the employees.
• LIC Assitant conducts departmental tests for the promotion to higher posts.
• Employees get promotions based on their years of service, experience, and performance.