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Are you looking out for the most sought-after job opportunities? RBI Assistant and LIC Assistant are known to be two reputed organizations to work for. Every year there is no dearth of candidates applying for these jobs, however still there are positives and negatives of each one of these profiles. In this article we will talk about RBI Assistant Vs LIC Assistant, which one to choose among the two?

As per the latest recruitment notification, RBI Assistant 2020 has its notification out featuring 926 vacancies and this article will be an eye opener for aspirants who are confused between the two and could not make up their mind as whether to choose RBI Assistant or LIC Assistant? Generally, talking to aspirants will make you realize that they get confuse between these two exams, so in order to sort their dilemma, we are here to help them to choose the right one, however everyone has their own preferences, but this will give you a better idea as which job profile to go for.

RBI Assistant Prelims Free Mock

RBI Assistant Vs LIC Assistant

Let’s start comparing these two by mentioning the exam patterns, salaries, other perks and allowances and job profiles etc.

RBI Assistant Vs LIC Assistant – Exam Pattern

As far as the exam pattern of these two are concerned, mentioned are the details below:

RBI Assistant Prelims LIC Assistant Prelims
It comprises of 3 sections including English language, Reasoning ability and Numerical Ability. Each section has a time duration of 20 minutes with a total time of 1 hour. Negative marking of 0.25 marks is applicable. It comprises of 3 sections English/Hindi Language, Numerical Ability and Reasoning Ability. Each section has a time duration of 20 minutes with a total time of 1 hour. Negative marking of 0.25 marks is applicable.
Sectional as well as overall cut offs are to be cleared in order to appear for the next level. Total marks are 100 Candidates will have to clear both sectional as well as overall cutoff to go the Mains level. Total marks for this exam are 100, however merit is declared from 70 marks as English and Hindi languages are not included in the cut offs.

RBI Assistant Prelims Free Mock

RBI Assistant Mains LIC Assistant Mains
 The Mains of RBI Assistant comprises of 5 sections including test of Reasoning, test of English language, test of Numerical Ability, test of General Awareness & test of Computer Knowledge The Mains of LIC Assistant comprises of 4 sections including Reasoning and computer aptitude, General English, General/Financial Awareness and Quantitative Ability along with a descriptive writing section at the end.
The total time duration of RBI Assistant Mains is 2 hours & 15 mins The total time duration of LIC Assistant Mains is 2 hours & 30 mins
  Candidates for Mains will be judged according to the Assistant position in the Prelims score and also including the performance in the Mains. Hindi language is not considered as a part in North region.

RBI Assistant Vs LIC Assistant– Salary

Another important factor of comparison is the salary structure of the two and other allowances.

RBI Assistant Salary LIC Assistant Salary
As far as the basic pay of an RBI Assistant goes is Rs 13150/- As far as the basic pay of an LIC Assistant goes it is Rs 14435/-
Pay Scale of RBI Assistant – 13150-750(3)-15400-900(4)-19000-1200(6)-26200-1300(2)-28800-1480(3)-33240-1750(1)-34990(20 years) Pay Scale of LIC Assistant – 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195 (2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080
Gross Salary – Rs 32528/- Gross Salary – Rs 30,000/-

Looking at the overall picture is the comparison of RBI Assistant Vs LIC Assistant it can be clearly seen that the Gross Salary of an LIC Assistant is a little less than that of the RBI Assistant. However, as an RBI Assistant you will be eligible for the Assistant Manager position after 3 years and will get a good hike in your salary. Thus, you can say that job of an RBI Assistant is better in terms of salary a bit.

RBI Assistant Prelims Free Mock

RBI Assistant Vs LIC Assistant – Other Perks and Allowances

RBI Assistant Perks & Allowances LIC Assistant Perks & Allowances
Housing Accommodation Dearness Allowance
Leave travel concessions for employee’s family once every two years House Rent Allowance
Book grant, briefcase and newspaper Travel Allowance
Reimbursement of vehicle maintenance expense Local compensatory Allowance
Interest free festival advance Grade Allowance
Reimbursement of medical expense for OPD treatments and hospitalization Graduation Increment
Loans at concessional rates for housing, car, education, consumer articles and for personal computer etc. Gratuity

RBI Assistant Vs LIC Assistant Job Profile

RBI Assistant Job Profile LIC Assistant Job Profile
Verification of both Banking & Non-Banking documents File handling
Maintaining files Query handling
Job profile includes data entry Cashier
Respond to RTI queries Customer service
Replying and maintaining email logs Single window operator
Initiation of Office Notes belonging to various centres  

NOTE: RBI Assistant’s job profile depends upon the department with which they are attached to.

RBI Assistant Prelims Free Mock

RBI Assistant Vs LIC Assistant Career Growth

Last but not the least, comes the career growth opportunities of RBI Assistant and LIC Assistant. The career growth of the two is explained in detail below:

RBI Assistant Career Growth LIC Assistant Career Growth
Grade A Officer (Assistant Manager) LIC Assistant are transferred internally from one department to other depending upon the requirements as well as employees’ interests
Grade B Officer (Managerial Level) Departmental tests are being conducted for LIC Assistants for promotion to higher posts
Grade C (Assistant General Manager) Employees are promoted based on their experience, years of service and performance
Grade D (Deputy General Manager)  
Grade E (General Manager)  
Grade F (Deputy Governor)  

RBI Assistant Vs LIC Assistant Overall

Exam RBI Assistant LIC Assistant
Selection Procedure 3 stages including Prelims, Mains & LPT (Language Proficiency Test) 2 stages including Prelims & Mains
The organization you will be working for Reserve Bank of India Life Insurance Corporation of India
Exam Type Online Online
Job LocationAs an RBI Assistant, you will be working at major cities As an LIC Assistant, you will be working at small & big cities
Post Offered Assistant (Clerical Level) Assistant (Clerical Level)

Working for RBI is like a dream come true as the job comes with great perks and opportunities to learn quite new things. So, start preparing for one of this most reputed job by taking a free mock test of RBI Assistant 2020 exam and analysing your performance level. If preparing for this exam, don’t forget to read important FAQs related to RBI Assistant 2020 notification. So, this is all from us on this particular topic. For more such exam comparison analysis, sign up with PracticeMock.

 

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