LIC Assistant Salary 2022 (Revised), Basic Pay, In Hand Salary

LIC Assistant Salary 2022

LIC Assistant Salary 2022: Life Insurance Corporation is the top prestigious insurance company in India and LIC Assistant is the most popular job among aspirants who wants to begin their career in the insurance sector. The candidates do their level best to crack the selection stages for LIC Assistant and get placed at their dream jobs. Indeed LIC Assistant Salary is the major driving force to boost the candidate’s confidence to excel in the selection process. The profile LIC Assistant well paid job profile with significant perks, allowances, and benefits such as HRA and CCA besides the basic pay of a LIC Assistant Salary. In this article, we will be discussing the LIC Assistant’s Salary, job profile of a LIC Assistant, and other benefits allotted to the employees.

LIC Assistant Salary Structure

The initial basic pay for a LIC Assistant employee after the 11th Bipartite Settlement is Rs. 27,840 per month with a pay scale of Rs.27,840-840(1)-28,680-915(2)-30,510-1030(5)-35,760-1195(2)-38150-1455(3)-42,515-1510(2)-45,535-1610(5)-53,585. The revised LIC Assistant Salary Structure has been tabulated below for reference and the salary of an Assistant in LIC is as per the 7th Pay Commission.

LIC Assistant Salary Structure 2022
Basic PayRs. 27,840
ANDRs. 10,553.14
DA (Arrears)Rs. 176.27
HRARs. 1987.65
Transport AllowanceRs. 680
Temp Cash AllowanceRs. 800
Cadre Spl. AllowanceRs. 2000
Tech Exam AllowanceRs. 555
Tech Exam Allowance (Arrears)Rs. 555
Gross SalaryRs. 45,147.06
DeductionRs. 6731.06
Net SalaryRs. 38416.00

LIC Assistant 2022 Notification & Dates- Click Here

LIC Assistant Salary 2022- Deductions

There are certain amounts which are deducted from the LIC Assistant salary, candidates can check the complete list of deductions from the table below-

NPS-DCP OpteesRs. 3825
MediclaimRs. 158.92
New GI SchemeRs. 97
GTIS’ 97 Rish PrRs. 196
Opynl MediclaimRs. 613.92
GID PremiumRs. 1840
SR A/C CreditRs. 0.22
Total DeductionsRs. 6731.06

LIC Assistant Salary 2022- Increments

The employee at an Assistant post receives increments every year at different scales and the increment cycle stops when the basic pay reaches to the maximum amount of Rs 53,585. Check the cycle of increments in LIC Assistant Salary from the below data.

SNo.Basic PayIncrementsYears
1Rs. 27,840 (Initial Basic Pay)Rs 8401 year
2Rs 28,680Rs 9152 years
3Rs 30,510Rs 10305 years
4Rs 35,760Rs 11952 years
5Rs 38150Rs 14553 years
6Rs 42,515Rs 15102 years
7Rs 45,535Rs 16105 years
8Rs 53,585 (Max. Basic Pay)Till retirement

LIC Assistant Job Profile

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

  1. Work as  Cashier, Single Window Operator, Customer Service Executive, and other clerical services.
  2. Manage cash counters at LIC offices.
  3. Perform back-office work, account-related work, and recovery according to the work assigned to them by the manager.
  4. Customer grievance and management of issues

LIC Assistant Probation Period

LIC Assistants have a probation period of 1 year from the date of joining. This period can be extended to up to 2 years. The probationary period is subject to changes. In the Government sector, the probation period of applicants is the amount of time an applicant must give to become a permanent employee in the agency. After the probation period, the LIC Assistant applicants will enjoy all the benefits and advantages of a regular employee.

LIC Assistant Syllabus & Exam Pattern- Click Here

LIC Assistant Previous Year Cut Off- Click Here

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