RBI Assistant vs LIC Assistant – A Brief Comparison

RBI Assistant and LIC Assistant are two of the most sought after job in this country. Every year lakhs of candidates appear for these exams in hope of realizing their dreams of joining these ace institutions. There is no doubt that both these are few of the finest and prime institution to work with. Taking in to highlight the recent events, LIC conducted the mains round of the Assistant examination for the 7500+ vacancies announced in September 2019, while RBI announced the vacancy for 926 assistant positions for the 2020 recruitment cycle. Candidates appearing for both these examinations share one of the very common thought, RBI Assistant vs LIC Assistant, which one to chose and Why? In this blog, we will compare both the position s on few parameters that will give you a better understanding of the various point that are to be kept in mind while making the choice for joining one of these institutions. So, Without any further ado, let’s start with the blog.

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RBI Assistant vs LIC Assistant – Few Highlights

Exam RBI Assistant LIC Assistant
Conducting Body Reserve Bank of India The Life Insurance Corporation of India
Selection Stages 3 (Prelims, Mains, Language Proficiency Test) 2 (Prelims & Mains)
Exam Type Online Online
Post Offered Assistant (Clerical Level) Assistant (Clerical Level)
Participating Organisations Reserve Bank of India Life Insurance Corporation Of India

 

We will better understand these 2 exams on the basis of the following aspects:

  1. Exam Pattern
  2. Pay Scale
  3. Job Profile
  4. Career Prospectives
  5. Difficulty Level

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RBI Assistant vs LIC Assistant – Exam Pattern

RBI Assistant LIC Assistant
PRELIMS

·         There will be 3 sections namely English language, Reasoning ability and Quantitative ability in the test with a total timing of 1 hour. 0.25 negative marking is there.

·         Candidates will have to clear the sectional as well as the overall cutoff in order to appear for the next level of the exam. Total marks for the exam will be 100.

PRELIMS

·         There are 3 sections in this exam with time allotment of 20 mins to each section and an overall time of 1 hour. Negative marking of 0.25 is there.

·         Candidates need to clear sectional and the overall cutoff to appear for the mains exams. Total marks for this exam also account for a total of 100 but merit is declared from 70 marks as marks in English/Hindi language are not included in cutoffs.

MAINS

·         The candidates will be tested in 5 sections of this exam namely Computer, English Knowledge, Bank/economy/general awareness, numerical ability and computer aptitude. Total time allotment to the exam is 2 hours.

·         Candidates will have to clear the sectional as well as the overall cutoff in this exam also clear the level. A negative marking of 1/4th is there in the exam.

MAINS

·         In this exam candidates are challenged in 4 sections with an additional descriptive writing section at the end. The sections are as follows – Reasoning and computer aptitude, General/Financial Awareness, General English, Quant. A negative marking of 0.25 is there.

·         Candidates will be judged for the selection of the Assistant position based on Prelims score and the performance in the mains. LIC does consider Hindi language as a part in North region

 

RBI Assistant vs LIC Assistant – Pay Scale & Allowances

RBI Assistant LIC Assistant
  • Basic Pay – 13150/- INR
  • Pay Scale – 13150-750(3)-15400-900(4)-19000-1200(6)-26200-1300(2)-28800-1480(3)-33240-1750(1)-34990(20 years)
  • ·Gross Salary36091/- INR
  • Basic Pay14,435/- INR
  •  Pay Scale – 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195 (2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080
  •   Gross Salary – 30,000/- INR
Other Perks and Allowances

  • Housing accommodation
  • Book grant, newspaper and briefcase
  • Reimbursement of vehicle maintenance expenses
  • Leave Travel Concessions for the employee’s family once every two years
  • Interest-free Festival Advance
  •  Reimbursement of medical expenses for hospitalization and OPD treatment
  •  Advances and loans at concessional interest rates for car, housing, education, personal computer, consumer articles, etc.
Other Perks and Allowances

  • Dearness Allowance
  • House Rent Allowance
  • Travel Allowance
  • Local compensatory allowance.
  • Grade allowance.
  • Graduation Increment

 

RBI Assistant vs LIC Assistant – Job Profile

RBI Assistant LIC Assistant
JOB PROFILE

  •  Maintaining files
  •  Data Entry
  •  Replying and maintaining Email logs
  •  Respond to RTI Queries
  •  Currency Issue & Circulation
  • Verification of Banking Documents
JOB PROFILE

  •  File Handling
  • Customer Service
  • Query Handling
  • Single Window Operator
  • Cashier

 

Career Growth Prospects

After completing two years of service period as an RBI Assistant, if you qualify the examination, you will be promoted to be Grade A Officer or the Assistant Manager, which is the lowest grade in the hierarchy of Officer Cadre. After that, if you apply again for the promotion test, you will be promoted to Grade B or Managerial Level, then likewise to Grade C or Assistant General Manager, Grade D or Deputy General Manager, Grade E or General Manager and finally to Grade F or Deputy Governor

 

Career Growth Prospects

  • 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.

 

RBI Assistant vs LIC Assistant – Exam Difficulty Level

The Exam difficulty level of these 2 exams is more or less similar to one another. Both of these exams test the student’s capability, time management, and stress handling skills. It is all about the accuracy in these exams for the number of questions that you attempt. Higher accuracy means more the chances of your selection. Both the exams do not cater to the interview round for the final selection and hence the marks scored in both prelims and mains are of utmost importance for the position in these reputed institutes. The competition in these 2 exams is extremely tough given the number of vacancies that are made available every year. The Premierity of the exams is definitely undeniable.

Oliveboard does provide you complete solution to this problem as well. Join our Online Course and Learn with the experts. Give yourself the confidence and the real-time test experience by taking the mock. Register to take the Free RBI Assistant Mock Test and LIC Assistant Mock test on Oliveboard. Also, Enroll for the course and ace the exam. Let us see a few highlights of the course. Join Edge and be a part of more 50K students trusted learning platform. Edge provides a one-stop solution for all the exam-related study materials. Join Edge once and access all the courses for upcoming exams anywhere, anytime.

Highlights of the course – RBI Assistant vs LIC Assistant

RBI Assistant LIC Assistant
Course Highlight

·         Study Materials

·         Live Practice Sessions

·         Live Sessions

·         15 Mock tests for RBI Assistant Prelims (English and Hindi) with detailed solution

·         10 Mock tests for RBI Assistant Mains (Hindi and English) in the latest pattern with detailed solution

Course Highlight

·         Live Video Sessions

·         Detailed Study Materials

·        15 Mock tests (10 Prelims + 5 Mains)

·        GK Supplement questions

·        Online tests with detailed solution

·        In-depth Analysis

 

That is all from us in this blog for RBI Assistant vs LIC Assistant, here we have factored the major parameters that sets these 2 examinations apart from each other. Hope that this blog helps you make a clear and better choice. Aspirants aiming for RBI Assistant should immediately get on with their preparations and start with the thorough prep. Join Oliveboard’s Edge 2020, now with a special offer of instant 50% off on any edge plan purchase. Subscribe Now and realize your dream of becoming an assistant in a reputed firm.

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