Life Insurance Corporation of India (LIC) is India’s largest Insurance Company and is governed by the Government of India. Over 245 Insurance Companies and provident societies were merged to create the state-owned LIC. It deals in all the financial services and provides facilities such as Life Insurance, Health Insurance, Investment Management, Banking services and investment on Mutual Funds to its customers. Headquartered in Mumbai, (India) LIC was founded on 1 September 1956. If you want to work with the Insurance company there’s a golden chance as LIC has released vacancies for the profile of LIC Assistant. So if you are looking for a secure career go and start with your registration process for LIC Assistant. In this blog, we will cover everything on LIC Assistant Salary – Job Profile, Career and Growth Perspective.
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LIC Assistant Important Events with Dates:
| Events | Dates |
| Start of on-line registration of application | 17/09/2019 (17 Sep 2019) |
| End of registration of application | 01/10/2019 (1 Oct 2019) |
| Closure for editing application details | 01/10/2019 (1 Oct 2019) |
| Last date for printing your application | 22/10/2019 (22 Oct 2019) |
| Online Fee Payment | 17/09/2019 to 01/10/2019 |
| LIC Assistant Prelims exam date | 21/09/2019 & 22/09/2019 |
| LIC Assistant Mains exam date | Will be notified after the Prelims |
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LIC Assistant Salary – Pay Scale and Allowances
LIC Assistant Pay Scale:
- As LIC Assistant you withdraw a basic salary of Rs 14435 per month.
- The salary will be provided to you on the scale of 14435-840-15275-915-17105-1030-22255-1195-24645-1455-29010-1510-32030-1610-40080.
- Thus the total gross salary for LIC Assistant is Rs30,000 per month.
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Perks and 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.
- Loan for only two-wheeled vehicle is provided at the concessional interest rate to the employees.
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LIC Assistant- What after Selection?
- After the selection, the candidate has to undergo training for a period of six months from the date of joining which can be extended upto 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.
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LIC Assistant – 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.
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LIC Assistant – 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.
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This was all for today in this blog hope this would have helped you with LIC Assistant Salary – Job Profile, Growth, and Career and have cleared all your doubts regarding the LIC Assistant Salary, Job profile and Career growth. For more such updates please visit our site and stay tuned with Oliveboard.
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Dikshant (DJ) is an engineer turned banker. He has cleared many competitive exams before his current placement. Being an officer in the bank, DJ is super busy but makes sure that he always finds time for writing informative & exam-oriented content to help students in cracking competitive exams such as SBI, IBPS, SSC, JAIIB/ CAIIB and many more.
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