IBPS Clerk or LIC Assistant – Which one to Choose? Know Here

IBPS Clerk

LIC Assistant

Prelims

• There will be three sections in the prelims phase having a separate timing of 20 minutes each for each section.
• Candidates will have to qualify in each of the three tests i.e. English Language, Numerical Ability, Reasoning Ability by securing sectional cut-off marks as well as overall Cut off marks, to be decided by IBPS.

Prelims

• There will be three sections namely Reasoning Ability, Quantitative Ability & English/Hindi Language. A candidate can choose a section between English and Hindi.
• English and Hindi section paper will be just for qualifying nature the marks obtained would not be considered for ranking or final selection.
• Sectional Cut off has already been given in the Exam Pattern. 

Mains

• The candidate will be tested in four subjects namely, General/ Financial Awareness, General English, Reasoning Ability & Computer Aptitude, Quantitative Aptitude, each test having a separate timing amounting to a total time of 160 minutes.
• For Detailed Exam Pattern – Refer Here

Mains

• The candidate will be tested in four subjects namely, General/Financial Awareness, General English, Quantitative Aptitude, & Reasoning Ability & Computer Aptitude.
• In addition to the above sections, Mains exams in North, West, Central, East Central, North Central Divisions, there will be a test of Hindi Language as well.
• Sectional Cut off has already been given in the Exam Pattern. 
• For Detailed Exam Pattern – Refer Here

IBPS Clerk

LIC Assistant

• Basic Pay – Rs 11,765 per month.
• Pay Scale – Scale of Rs. 11765-655/3-13730-815/3-16175980/4-20095-1145/7-28110-2120/1-30230-1310/1-31540.
• Gross Salary – Rs 23, 117 per month

• Basic Pay – Rs 14435 per month.
• Pay Scale – Scale of 14435-840-15275-915-17105-1030-22255-1195-24645-1455-29010-1510-32030-1610-40080.
• Gross Salary – Rs 30,000 per month.

Other Allowances

• Special Allowances,
• Dearness Allowance
• City Compensatory Allowance
• Transportation Allowance

Perks & Allowances

• House rent allowance
• Dearness allowance
• Graduation Increment
• Local compensatory allowance
• Grade allowance
• Gratuity
• Single and group Medical facilities –Reimbursement of medical expenses for OPD/treatment, this facility is provided to the employee, employee’s spouse and to their children
• LTC (Leave Travel Concession) is an annual retreat plan for the employee working with LIC.

IBPS Clerk

LIC Assistant

• Clerks are usually the first point of contact for any customer who is visiting the bank premises
• The job profile of IBPS Clerk is not limited to just one task, they are deployed on various profiles after their selection for the position. Few of them are as listed here:
• Bank office clerks are deployed in the back office for various tasks like maintenance of ledger, bank receipt collection, handling the daily closure details
• Updating of Passbooks at counters
• Printing of receipts for cheques and demand drafts
• bank clerks also do hold bank keys, safe keys under their protection
• They are often placed at the query window to act as an information counter for the customers.
• Handling the deposit and withdrawal cash.
• Clerks are often placed in various departments like accounts clerk, loan clerk, office clerk, etc.

• 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 Assistant 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.

IBPS Clerk

LIC Assistant

• After becoming a clerk in any Public sector bank, an employee needs to complete 2 years of service with the same bank to be eligible to appear for the test for the officer rank.
• Public sector banks do carry out the test for promotions every 2 years.
• They need to apply for the promotion and appear for the examinations, like JAIIB (Junior Associate of the Indian Institute of Bankers) and CAIIB (Certified Association of the Indian Institute of Bankers).
• After becoming an officer, the career prospects for an employee looks like this:

Scale 1 – Officer / Assistant Manager

Scale 2 – Manager

Scale 3 – Senior Manager

Scale 4 – Chief manager

Scale 5 – Assistant General Manager

Scale 6 – Deputy General Manager

Scale 7 – General manager

• Growth of an employee is also dependent on his/her performance over the tenure with the bank. Banks do consider employees with impeccable work performance for higher positions.
• These career prospects is completely under banks prerogative. Banks do design these programs and implement changes as they deem fit.

• After the selection, the candidate has to undergo training for a period of six months from the date of joining which can be extended up to one year.
• After the successful completion of the training period, candidates will be posted for a minimum period of three years at assigned places and no request for any change/transfer will be entertained.
• Selected candidates will be responsible for the work of Assistant, Cashier, Single Window Operator, Customer Service, Executive, etc as required by the LIC of India office.
• LIC Assistant are also transferred from one department to other internally depending upon the requirements as well as the interest of the employees.
• LIC Assistant conducts departmental tests for the promotion to higher posts.
• Employees get promotions based on their years of service, experience, and performance.

IBPS Clerk Exam 2019 – Study Material

LIC Assistant Exam 2019 – Study Material

A Quick Glance at IBPS Clerk Mock Test 2019 

1. 20 Mocks for IBPS Clerk 2019 Prelims
2. 10 Mocks for IBPS Clerk 2019 Mains
3. All Topic Tests
4. Sectional Tests
5. GK Supplement with 2500 questions

A Quick Glance at the LIC Assistant Mock Test

1. 10 Tests for LIC Assistant Prelims
2. 5 Tests for LIC Assistant Mains
3. All Topic Tests
4. Sectional Tests
5. GK Supplement with 2500 questions