LIC HFL Assistant Salary, Profile, Career Growth, Pay-Scale, Allowances, Benefits
LIC HFL Salary for Assistant
Life Insurance Corporation (LIC) Housing Finance Limited (HFL) Assistant Salary is around Rs.2.7 to Rs.3 lacs per annum. As per latest updates, LIC HFL Assistant post will be provided a salary of Rs.22,257.00/-, wherein the basic pay is Rs.13,980.00/- and rest of the amount is inclusive of House rent and other allowances.
Usually, the aspiring candidates, who appear for the position of LIC HFL Assistant, Associate and Assistant Manager, have a clear idea of about these positions. In this section, you will get to know about the LIC HFL salaries, job description, career opportunity, and benefits.
LIC HFL Assistant Salary Structure
The basic salary of LIC HFL Assistant starts with Rs.13,980.00/- per month. You can check below table to get a clear detail of about LIC HFL basic salary pay scale and its increment.
LIC HFL Assistant Salary Pay Scale
|Rs.13980.00/-||An increment of Rs.860/- for one year|
|Rs.14840.00/-||An increment of Rs.940/- for the next two years|
|Rs.16720.00/-||An increment of Rs.1060/- for the next five years|
|Rs.22020.00/-||An increment of Rs.1230/- again for the next two years|
|Rs.24480.00/-||An increment of Rs.1500/- for the next three years|
|Rs.28980.00/-||An increment of Rs.1565/- for the next two years|
Now, the basic pay of LIC HFL Assistant after two years has become Rs.32,110.00/- per month.
Apart from the basic pay as Rs.13980/- per month, there are various allowances that include Dearness Allowance (DA), House Rent Allowance (HRA) etc., combining which the total salary of LIC HFL Assistant comes around Rs.22,275/- per month.
After you have successfully built your career as an LIC HFL Assistant, you can grow your career also for LIC HFL Associate and Assistant Manager later, based upon your performances.
Let we also describe you the salary structure of LIC HFL Associate and Assistant Manager. It is as follows
LIC HFL Associate Salary: The basic pay of LIC HFL Associate at starting is Rs.21, 270/- per month and is given a yearly increment of Rs.1485/- for 3 years.
After three years, the basic pay becomes Rs.25, 725/- per month and hereafter, an increment of Rs.1665/- is given per year for the next 15 years.
So, basic pay after 15 years becomes Rs.50,700/- per month.
After including all the allowances such as HRA, DA etc., the salary of LIC HFL Associate post becomes Rs.33,498.
LIC HFL Assistant Manager Salary: The basic pay of LIC HFL Assistant Manager starts with Rs.32,815/- per month initially and is given a yearly increment of Rs.1685/- for the next 14 years.
After 14 years, the basic pay is Rs.56,405/- and yearly increment of Rs.1755/- is given for the next 3 years.
Basic pay after 3 years is Rs.61,670/-
Combining all the allowances with basic pay, the salary of LIC HFL Assistant Manager is Rs.52,200/- per month, initially.
LIC HFL Assistant Salary Benefits
Benefits provided by LIC Housing Finance Limited to the Assistant position are:
- Food facility(lunch will be provided)
- Medical claim facility
- Leave Travel Concession(LTC)
- Housing loan
- Provident fund(PF)
- Group Insurance Scheme
- Incentives(based upon your performance)
LIC HFL Assistant Job Profile
Job profile of Assistants in LIC HFL is a clerical type. Assistants in area offices handle cash/cheque counter, processing sanction and disbursement files, and all other activities relating to office services as assigned by Area Manager. Assistants in Back Offices help other senior officers in underwriting sanction and disbursement files also help in accounts, OS, Recovery as per job assigned by Manager Operation. It is a secure job with a good salary and on time promotions.
LIC HFL Assistant Promotions
If you want to become a part of banking, finance and real estate industry, then you should definitely join LIC HFL. It has a different and good number of positions to become a member. Here, you not only get an opportunity to work but also you can promote yourself to higher positions by giving internal exams.
LIC HFL is a huge platform to build your career. It is one of the best organization to work for, not only because it provides a good LIC HFL salary but also you get here multiple opportunities to grow yourself personally and professionally.
LIC HFL Recruitment Exam 2018
If you wish to become a member of LIC HFL organization, you have to give its entry-level exam first. The details you can collect directly from LIC HFL website(https://www.lichousing.com/).
LIC HFL recruitment 2018 was conducted this year on the month of October for the post of LIC HFL Assistant, Associate and Assistant Manager. Candidates have to check for the updates on its official website, for next year examination.
Total post LIC HFL recruitment 2018 was 300, among which 150 posts were applicable for LIC HFL Assistant post.
Candidates have to clear online exam first then the interview will be conducted.
LIC HFL Salary/basic pays 2018
LIC has announced a starting basic pay of Rs. 13,980 for the position of Assistant, Rs. 21,270 for that of Associate and Rs. 32,815 for Assistant Manager. The monthly emoluments – Rs. 22,257, Rs. 33,498 and Rs. 52,200 respectively for Assistant, Associate and Assistant Manager posts – will depend on the location of posting, and will exclude benefits such as lunch allowance, provident fund (PF), mediclaim, gratuity, leave travel concession (LTC) and performance-linked incentive, according to LIC Housing Finance.
|Position||Starting basic pay||Total emoluments|
|Assistant||Rs. 13,980||Rs. 22,257|
|Associate||Rs. 21,270||Rs. 33,498|
|Assistant manager||Rs. 32,815||Rs. 52,200|
LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance companies in India having its Registered and Corporate office at Mumbai. It has a large scope in various fields such as for the residential houses, office spaces, nursing homes, diagnostic centers and also for the purchase of equipment. So with a wide variety of industries included, LIC HFL provides great career growth and opportunities.
LIC HFL provides a decent amount of salary for its Assistant position as well as for Associate and Assistant Manager Position. Apart from a good salary package, it has job security, a good number of allowances and benefits.
Candidates, who are interested in banking/financing/real estate sectors, can start their career by applying for LIC HFL Assistant jobs.