LIC HFL Assistant Salary & Growth Profile for 2019

LIC HFL 2019: Salary & Growth Profile


LIC HFL Notification and preparation:


Life insurance corporation has released  LIC HFL official notification under Housing finance limited for the recruitment of Assistant, Associate, and Assistant manager for a total of 300 vacancies, another opportunity in your bag. With the release of the notification, students have gird one’s loins to prepare for this exam. Due to the handsome salary and lucrative benefits offered by the LIC, it attracts a number of candidates every year. If you are going to compete for any exam, it is important to know what is the syllabus and exam pattern of the same. We have already discussed the LIC HFL exam pattern and syllabus, which can help you to start your preparation. In this article, we will discuss the salary and growth profile of LIC HFL 2019 recruitment. Keep on reading this article to gather useful information about the LIC HFL Current openings.
IMPORTANT EVENTS:
  • Start of online registration and payment of fees – 8th August 2019
  • End of online registration and payment of fees – 26th August 2019
  • Downloading of Call letters for Online Examination – 9th September 2019
  • Online Examination for Assistant (tentative) – 9th/10th October 2019
  • Online Examination for Associate (tentative) – 9th/10th October 2019
  • Online Examination for Assistant Manager (tentative) – 9th/10th October 2019




LIC HFL 2019 Assistant: Growth Profile  and work Responsibilities
  • It comes under Clerical cadre.
  • The work of the Assistants is to handle cheque or cash counters, processing and sanctioning or disbursement of files and assigned by the Assistant manager.
  • It also helps officers in back-office works, Account related work and recovery as per the work assigned by the manager.
  • It includes a handsome salary package and timely promotion is an added advantage.



LIC HFL 2019 Associate: Growth Profile  and work Responsibilities


Associates are considered to be the next level of Assistant. However, the work profile of both is the same But salary due to the difference in post mat differ. An Associate also performs almost the same work as an Assistant does. Moreover, the nature of the work depends on the department you are in. The only difference between these two is the limit for sanctioning is given higher to Associate than Assistants. 


LIC HFL 2019 Assistant Manager: Growth Profile and work Responsibilities
  • He Closely works with the Manager and assists him whenever there is a need to do so.
  • An Assistant Manager is liable to do the work as assigned by his manager.
  • They are liable to complete the targets.
  • They also assess loan applications and process them.



Salary structure: LIC HFL 2019 Recruitment


Salary of an Assistant
  • The starting basic pay of Rs. 13,980/- per month in the scale of 13980 – 860(1) -14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 -1565(2) – 32110 and other admissible allowances as per rules shall be payable.
  • Total In hand salary would be 23,870(which will depend on the place of posting)
  • Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules will also be given


Salary of Associate
  • The starting basic pay of Rs. 21,270/- per month in the scale of 21270 – 1485(3) –25725 – 1665(15) – 50700 and other admissible allowances as per rules shall be payable. 
  • Total Inhand salary would be 35,960(which will depend on the place of posting)
  • Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules will also be given


Salary of Assistant manager
  • The starting basic pay of Rs. 32,815/- per month in the scale of 32815 – 1685(14) –56405 – 1755(3) – 61670 and other admissible allowances as per rules shall be payable and some other allowances as per the rules of the organization.
  • Total In hand salary would be 56,000 (which will depend on the place of posting)
  • Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules will also be given.



Benefits Given under LIC HFL for the various post mentioned above:

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Other Additional Benefits
Mediclaim
LTC
Lunch Allowance
Housing loan
Provident fund
Gratuity
Group insurance scheme
Incentives ( based on performance)

Students, we have clear all your doubts regarding the salary and work profile under the openings of LIC HFL, If you still face any issue regarding the same, connect with our moderators or you can mail us at blogger@adda247.com