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LIC Assistant Salary 2022 Job Profile, Pay Scale & Salary Structure

LIC Assistant Salary 2022: All the students who are preparing for insurance exams, dream to work in LIC due to its high perks and salary. Among the insurance exams, aspirants are more deviated towards the LIC Assistant as it is considered to be stable and secure in terms of financial status, social status and Job security. LIC provides handsome salary packages than any other public sector insurance organization depending upon the place of posting. This article is dedicated to LIC Assistant Salary 2022, Job Profile, Pay Scale and Salary Structure.

LIC Assistant Salary 2022

The LIC Assistant salary is exceptionally good in comparison to other joining level job profiles in the banking sector & insurance sectors. The Life Insurance Corporation of India is the largest Insurance company in India. Hence, LIC Assistant is one of the most demanding entry-level jobs in the country. LIC assistant notification will be released in the upcoming months. So it is advisable for aspirants to start preparing for LIC assistant without wasting a single minute.

LIC Assistant Syllabus & Exam Pattern 2022

LIC Assistant Salary 2022 Job Profile, Pay Scale & Salary Structure_50.1

LIC Assistant Salary 2022: Salary Structure

The LIC assistant salary is quite decent. Aspirants looking for their future in this field must be curious to know about the salary of LIC Assistant Here we have given below the salary structure of LIC Assistant 2022.

LIC Assistant Salary Structure
Period LIC Assistant Basic Salary Increment
Basic Pay 14435/-
Every Year for 1 Years 14435/- 840/-
Every Year for The Next 2 Years 15275/- 915/-
Every Year for The Next 5 Years 17105/- 1030/-
Every Year for The Next 2 Years 22225/- 1195/-
Every Year for The Next 3 Years 24645/- 1455/-
Every Year for The Next 2 Years 29010/- 1510/-
Every Year for The Next 5 Years 32030/- 1610/-
Till Retirment 40080/-

RBI Assistant Salary 2022 Perks and Allowances

The LIC Assistant’s salary is not just limited to the pay scale. Various other perks and allowances are provided to the employee, which makes it a major reason for attraction for Candidates across the country. Apart from these, there are other perks & allowances

  1. Cash Medical Benefit
  2. Group Medi-claim
  3. Group Personal Accident Insurance
  4. Group Insurance
  5. Vehicle Loan (2-wheeler) as per rules
  6. Graduation Increment
  7. House Rent Allowance & City Compensatory Allowance
  8. Defined Contributory Pension
  9. Gratuity
  10. LTC

RBI Assistant Salary 2022: Job Profile

It is also important for candidates aspiring to appear for LIC Assistant Exam 2022 to know about the job profile of the LIC Assistant. The responsibilities of  LIC Assistant include the following:

  • LIC Assistants are responsible to perform various duties of Clerical Staff ranging from Cashier, Single Window operators, to Customer Service Executives, etc.
  • Assistants manage cash counters, processing and sanctioning or disbursement of files assigned by the Assistant manager.
  • They must also perform back-office work, Account related work, and recovery as per the work assigned by the manager.
  • They must also dispense with customer grievances.
  • LIC assistants have to be responsible for processing and reviewing insurance documentation and ensuring that all documents are complete.
  • They are required to Manage Sales documents & other documents related to policies, claims, settlements, accounts, etc.
  • The LIC Assistants have to handle online/ offline transactions.

RBI Assistant Salary 2022: Career Growth

Working in the insurance sector can provide you very different career prospects. Once appointed as Assistant shall be on probation for a period of six months from the date of appointment which can be extended up to one year. It is only after the successful completion of the probation period, the Trainees are to be appointed to their respective positions.LIC assistants are also transferred to other departments depending upon internal requirements as well as the interest of the employees. Employees get promotions based on their years of experience and performance. Employees may also give Departmental examinations and get promoted to higher posts.

FAQs: LIC Assistant Salary 2022

Q1. What is the gross annual LIC Assistant salary in 2022?

Ans. The gross annual LIC Assistant salary 2022 will be in the range of INR 3 to 3.4 lakhs. For more details, refer to the above post.

Q2. What benefits are given to LIC Assistant apart from the salary?

Ans. Apart from the decent salary, a LIC Assistant is liable to get HRA, Medical allowance, Travel allowance, dearness allowance, pension benefits, provident fund, and various other perks.
Q3. What is the starting basic salary of an LIC Assistant?
Ans. The starting basic salary of an LIC Assistant is INR 14435/

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