LIC Assistant job is very interesting job profile. Its work profile would motivate candidates for appear in exam and give their best for achieve greater growth in carrier.
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In this article, we have to know what is LIC? After that we discuss about the job profile of LIC, what is the salary structure, about selection process, exam pattern etc.
But first we know,
What Is LIC?
Life Insurance Corporation of India (LIC) is India?s largest insurance company. There are 245 insurance companies consolidated in LIC. It is regulated by government of India.
Job Profile of LIC Assistant
- LIC Assistant is a clerical level-post.
- They perform all the task of clerical staff like cashier, single-window operator, customer service executive etc.
- LIC Assistant also have to manage the cash counter at LIC offices.
- They look into customer grievances.
- They manage all the documents like sales documents, document related to policies, claims, settlements, accounts etc.
- LIC Assistant also taken care of all types of transaction status.
- The trainees are posted to their particular positions only after the successful completion of the training period.
- Document inspection is done by LIC assistant and they also check whether the documents complete or not.
- They do all the back-office work and also some account related work.
Selection Process
Candidates should be selected on the basis of: –
- Preliminary Examination
- Mains Examination
- Interview
Firstly, candidates given the Preliminary examination, after passing in Prelims Exam they call for the Mains examination, when they clear the Mains they call for the interview process for final selection.
- After the final selection they go for the training period of six months from the date of joining which can be expanded up to one year.
- When they complete the training period, candidates will be posted for a minimum of three years at certain places and cannot change/transfer in these three years.
- Candidates who are selected will work as an Assistant, Cashier, Single Window Operator, Customer Service, Executive, etc. as required by the LIC India office.
Growth And Promotions
LIC assistant transferred internally in their department according to their interest and requirement.
For promotion to higher post LIC assistant conducts departmental test.
Employees get promotion on the basis of their work experience, performance and years of services.
LIC Assistant Salary, Allowances, and Benefits
Salary of LIC assistant are :-
- Initial Basic Pay ? Rs 14435 with a yearly increment of Rs 840 for 1 year
- Rs 15275 and a yearly increment of Rs 915 for the next two years
- Rs 17105 and a yearly increment of Rs 1030 for the next five years
- Rs 22255 and a yearly increment of Rs 1195 for the next 2 years
- Rs 24645 and a yearly increment of Rs 1455 for the next three years
- Rs 29010 and a yearly increment of Rs 1510 for the next two years
- Rs 32030 and a yearly increment of Rs 1610 for the next five years
- Rs 40080(maximum Basic Pay)
Allowances
1. HRA (House Rent Allowances) ? HRA depend upon the job location, It can be 9%, 8%, or 7% of the basic pay of LIC assistant
2. CCA (City Compensatory Allowances) ? It also depends on the job location, it can be 4%, 3%, or 0% of the basic pay.
3. Lunch Allowance ? It should be approximately 30000 per month in ?A? Class city.
4. DA (Dearness Allowance) ? DA is around 40% of the basic pay. DA is revised quarterly based on the CPI (Consumer Price Index). CPI depends upon inflation rates; the DA can increase or decrease based on that.
5. Insurance Allowance ? Group Personal Accident Insurance, Vehicle Loan (2-wheeler) as per rules, etc.
Defined Contributory Pension, Gratuity, LTC.
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