LIC HFL Salary, allowances and job description

LIC HFL is a great opportunity for the candidates who are looking for a job in the Insurance sector. Candidates who are satisfying the eligibility criteria and willing to apply for this exam should have detailed knowledge about the salary structure and allowances provided for the post of LIC Assistant, Associate and Assistant Manager. Apart from the salary the candidates should be aware of the job description of each post and the career opportunities as well. This article deals with the LIC HFL salary and job description.

LIC HFL Salary:

Check below the detailed salary break down for each posts:

LIC HFL Salary: Assistant:

• The basic salary for LIC HFL Assistant is Rs.13,980 per month.
• The pay scale is 13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 – 1565(2) – 32110
• Total remuneration per month: Depends on the place of posting, it is around Rs.23,780 approximately.

LIC HFL Salary: Associate

• The basic salary for LIC HFL Associate is Rs.21,270  per month.
• The pay scale is 21270 – 1485(3) – 25725 – 1665(15) – 50700 and other allowances are provided as per rules.
• Total remuneration per month: Depends on the place of posting, it is around Rs.35,960 approximately.

LIC HFL Salary: Assistant Manager

• The basic salary for LIC HFL Associate is Rs.32,815  per month.
• The pay scale is 32815 – 1685(14) – 56405 – 1755(3) – 61670 and other allowances are provided as per rules.
• Total remuneration per month: Depends on the place of posting, it is around Rs.56,000 approximately.

LIC HFL Allowances:

Apart from the salary the LIC HFL Assistant, Associate and Assistant Manager gets the following allowances

• Lunch Allowance
• Provident fund
• Mediclaim
• Gratuity
• Leave Travel Concession
• Group Insurance Scheme
• Housing loan
• Performance Linked Incentive and other benefits as per rules.

LIC HFL Job profile:

Check below the detailed job description of each posts,

LIC HFL Assistant:

• Helps customers with their problems
• Processing and reviewing of Insurance documents
• Managing policies, claims and settlements related documents
• Taking care of online and offline transactions

LIC HFL Associate:

• Selling Insurance products
• Guiding invest plans to the customers
• Working on administrative responsibilities
• Working on the duties assigned by the senior authorities. 

LIC HFL Assistant Manager:

• Checking the home loan application
• Evaluating the client’s credit worthiness
• Loan approval
• Sanctioning of loan and processing on the system
• Helping senior managers in reaching the sales target and the promotions of products.

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Other Important Links:

LIC HFL Pattern

Frequently Asked Questions:

Q. What is the basic pay of the LIC HFL Associate?

A. The basic salary for LIC HFL Associate is Rs.21,270  per month.

Q. What is the total remuneration for the LIC HFL Assistant?

A. Total remuneration per month: Depends on the place of posting, it is around Rs.23,780 approximately for a LIC HFL Assistant.

Q. What is the payscale of a LIC HFL Assistant Manager?

A. The pay scale is 32815 – 1685(14) – 56405 – 1755(3) – 61670 and other allowances are provided as per rules.

Q. What are the allowances given to LIC HFL Employees?

A. Apart from the salary the LIC HFL Assistant, Associate and Assistant Manager gets the following allowances

• Lunch Allowance
• Provident fund
• Mediclaim
• Gratuity
• Leave Travel Concession
• Group Insurance Scheme
• Housing loan
• Performance Linked Incentive and other benefits as per rules. 

Q. What is the job responsibility of a LIC HFL Associate?

A.

• Selling Insurance products

• Guiding invest plans to the customers
• Working on administrative responsibilities
• Working on the duties assigned by the senior authorities.