Moreover, aspirants must be well-acquainted with the LIC Assistant job profile and salary well in advance to understand the roles and responsibilities assigned in the job. Scroll down the page to get complete details on LIC Assistant Salary, in-hand pay, job profile, allowances, etc.
LIC Assistant Salary 2024
The monthly salary for the LIC Assistant post will range between Rs 39000 and Rs 42000 (depending on the place of posting). Here is a quick overview of the LIC Assistant salary shared below for the reference of the candidates.
| LIC Assistant Salary Overview |
| Exam Conducting Body |
Life Insurance Corporation of India |
| Post Name |
Assistant |
| Basic Pay |
Rs 27840 |
| Selection Process |
Prelims, Mains |
| Job Location |
Anywhere in India |
LIC Assistant Salary Structure
Candidates appointed for the Assistant post will get the starting basic pay of 27,840 per month on a scale of Rs Rs27,840-840(1)-28,680-915(2)-30,510-1030(5)-35,760-1195(2)-38150-1455(3)-42,515-1510(2)-45,535-1610(5)-53,585. The LIC Assistant salary structure involves information such as basic pay, pay scale allowances, gross salary, net salary and various deductions. Here is the salary structure for the LIC Assistant post tabulated below.
| LIC Assistant Salary Structure 2024 |
| Earnings |
Amount |
| Basic Pay |
Rs 27,840 |
| DA |
Rs 10550 - Rs 11000 |
| DA (Arrears) |
Rs 170 - Rs 180 |
| HRA |
Rs 1980 - Rs 2000 |
| Transport Allowance |
Rs 680 - Rs 750 |
| Temp Cash Allowance |
Rs 800 - Rs 850 |
| Cadre Spl. Allowance |
Rs 2000 - Rs 2500 |
| Gross Salary |
Rs 45000 - 46000 |
| Deduction |
Rs 6700 - Rs 7000 |
| Net Salary |
Rs 38000 - Rs 40000 |
LIC Assistant Salary 2024 Deductions
The actual in-hand salary is calculated after deducting the specific amount from the LIC Assistant Gross Salary. Here is the list of deductions included in the LIC Assistant Salary for the ease of the candidates.
| Deductions |
Amount |
| NPS-DCP Optees |
Rs 3825 |
| Mediclaim |
Rs 150 - Rs 200 |
| New GI Scheme |
Rs 90 - Rs 100 |
| GTIS' 97 Rish Pr |
Rs 190 - Rs 210 |
| Opynl Mediclaim |
Rs 610 - Rs 700 |
| GID Premium |
Rs 1840 - Rs 1900 |
| Total Deductions |
Rs 6700 - Rs 7000 |
LIC Assistant Salary 2024 Increments
LIC Assistant is a lucrative job profile among candidates who aspire to build their careers in the insurance industry. Candidates recruited for the LIC Assistant post will be entitled to increments annually after considering numerous factors at different scales. However, they will receive the salary increment till their basic pay reaches up to Rs 53,585. Let's discuss the LIC Assistant Salary increments for all the years 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 Salary: Perks & Allowances
In addition to the basic pay, LIC Assistants will also be entitled to numerous perks and allowances based on their pay scale and job location. The following perks and allowances are included in the salary as shared below.
- House Rent Allowance
- City Compensatory Allowance
- Lunch Allowance
- Provident Fund
- Mediclaim
- Gratuity
- LTC
- Group Insurance Scheme
- Housing Loan
- Performance incentive, etc.
LIC Assistant Job Profile
The prime responsibility for the LIC Assistant post is to perform Clerical Staff duties, including Cashier, Single Window Operator, Customer Service Executive, etc. Let's discuss the roles and responsibilities involved in the LIC Assistant Job Profile as shared below.
- To execute day-to-day clerical duties of cashier, customer service executive, and single window operator.
- To manage cash counters and back-end office responsibilities at LIC offices.
- They need to undertake duties like recovery, account work and any other tasks as assigned by the senior authority.
- To solve all the customer problems and handle management issues.
- To provide assistance in the management of online and offline transactions.
- To keep records of all the important documents associated with policies, settlements, accounts, claims, etc.
LIC Assistant Probation Period
A candidate appointed as Assistant will have to undergo probation for a period of six months from the date of appointment, which can be extended up to one year. Once they complete the probation period, the newly appointed candidates might be confirmed permanent employees and will be eligible for various benefits and increments as per the revised rules
