Salary and Job Profile of LIC Assistant 2024: As the foremost insurance company in India, Life Insurance Corporation (LIC) offers the highly sought-after position of LIC Assistant to individuals aspiring to embark on a career in the insurance sector. Prospective candidates strive to navigate the LIC Assistant selection stages, aiming to secure their desired positions. Undoubtedly, the LIC Assistant Salary is a pivotal factor, fueling candidates’ confidence and propelling them to excel in the selection process. The role of LIC Assistant boasts not only competitive basic pay but also substantial perks, allowances, and benefits, including HRA and CCA. This article delves into the details of the LIC Assistant’s salary, the job profile, and the various benefits extended to employees.
LIC Assistant Salary Structure
| LIC Assistant Salary Structure 2024 | |
| Earnings | Amount |
| Basic Pay | Rs. 27,840 |
| DA | Rs. 10,553.14 |
| DA (Arrears) | Rs. 176.27 |
| HRA | Rs. 1987.65 |
| 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. 45,147.06 |
| Deduction | Rs. 6731.06 |
| Net Salary | Rs. 38416.00 |
LIC Assistant Salary 2024- Deductions
Deductions from LIC Assistant Salary: Candidates can review the comprehensive list of deducted amounts from the LIC Assistant salary in the table provided below.
| 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 2023 Selection Process
LIC Assistant Salary 2024- Increments
The Assistant post employees experience annual increments at various scales, and the increment cycle concludes upon the basic pay reaching the maximum amount of Rs 53,585. Explore the progression of increments in LIC Assistant Salary through the data presented below.
| SNo. | Basic Pay | Increments | Years |
| 1 | Rs. 27,840 (Initial Basic Pay) | Rs 840 | 1 year |
| 2 | Rs 28,680 | Rs 915 | 2 years |
| 3 | Rs 30,510 | Rs 1030 | 5 years |
| 4 | Rs 35,760 | Rs 1195 | 2 years |
| 5 | Rs 38150 | Rs 1455 | 3 years |
| 6 | Rs 42,515 | Rs 1510 | 2 years |
| 7 | Rs 45,535 | Rs 1610 | 5 years |
| 8 | Rs 53,585 (Max. Basic Pay) | Till retirement | |
LIC Assistant Job Profile
Candidates aspiring to appear for the LIC Assistant Exam must familiarize themselves with the job profile of LIC Assistant. The responsibilities of an LIC Assistant encompass the following:
Functioning as a Cashier, Single Window Operator, and Customer Service Executive, LIC Assistants are entrusted with various clerical responsibilities. Their duties include:
- Overseeing cash counters within LIC offices.
- Executing back-office tasks, handling account-related assignments, and managing recovery processes as directed by the manager.
- Addressing customer grievances and effectively managing associated issues.
LIC Assistant Probation Period
LIC Assistants undergo a one-year probationary period upon joining, which may be extended to a maximum of two years and is subject to potential changes. In the public sector, the probation period for applicants refers to the duration required to attain permanent employment within the agency. Following the probationary period, LIC Assistant applicants are entitled to all the benefits and privileges of regular employees.
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