LIC Assistant Salary 2023, Revised Basic Pay, In Hand Salary
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LIC Assistant Salary 2023
LIC Assistant Salary 2023: 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 2023 | |
| Earnings | Amount |
| Basic Pay | Rs. 27,840 |
| DA | Rs. 10,553.14 |
| DA (Arrears) | Rs. 176.27 |
| HRA | Rs. 1987.65 |
| Transport Allowance | Rs. 680 |
| Temp Cash Allowance | Rs. 800 |
| Cadre Spl. Allowance | Rs. 2000 |
| Tech Exam Allowance | Rs. 555 |
| Tech Exam Allowance (Arrears) | Rs. 555 |
| Gross Salary | Rs. 45,147.06 |
| Deduction | Rs. 6731.06 |
| Net Salary | Rs. 38416.00 |
LIC Assistant Salary 2023- 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-
| Deductions | Amount |
| NPS-DCP Optees | Rs. 3825 |
| Mediclaim | Rs. 158.92 |
| New GI Scheme | Rs. 97 |
| GTIS' 97 Rish Pr | Rs. 196 |
| Opynl Mediclaim | Rs. 613.92 |
| GID Premium | Rs. 1840 |
| SR A/C Credit | Rs. 0.22 |
| Total Deductions | Rs. 6731.06 |
LIC Assistant Salary 2023- 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 Pay | Increments | Years |
| 1 | Rs. 27,840 (Initial Basic Pay) | Rs 840 | 1 year |
| 2 | Rs 28,680 | Rs 915 | 2 years |
| 3 | Rs 30,510 | Rs 1030 | 5 years |
| 4 | Rs 35,760 | Rs 1195 | 2 years |
| 5 | Rs 38150 | Rs 1455 | 3 years |
| 6 | Rs 42,515 | Rs 1510 | 2 years |
| 7 | Rs 45,535 | Rs 1610 | 5 years |
| 8 | Rs 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:
- Work as Cashier, Single Window Operator, Customer Service Executive, and other clerical services.
- Manage cash counters at LIC offices.
- Perform back-office work, account-related work, and recovery according to the work assigned to them by the manager.
- 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.