1. Exam Overview (Assistant & Associate)
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Selection Process
Candidates undergo an online examination, followed by probable interviews or document verification, before receiving appointment. -
Syllabus & Exam Pattern
The test typically includes sections on:-
Reasoning
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Quantitative Aptitude (Numerical Ability)
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English Language
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General Awareness
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Probation Period
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Both Assistant and Associate roles have a probation period of 6 months, extendable up to another 6 months at LIC’s discretion.
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2. Salary & Allowances
Assistant Role
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Basic Pay: ₹13,980/month
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Total Emoluments: Approx. ₹23,870/month (varies by posting location)
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Salary scale includes structured increments over the years.
Associate Role
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Basic Pay: ₹21,270/month
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Total Emoluments: Approx. ₹35,960/month
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Clear progression increments built into the pay scale.
Junior Assistant (Related)
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Basic Pay: ₹20,000/month
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Gross Salary: ₹32,400–₹35,200/month depending on city tier
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In-Hand Salary: ₹30,000–₹32,800/month after PF and deductions
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Annual CTC: ₹3.88–₹4.22 lakhs
Additional Allowances & Benefits (for both roles)
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Dearness Allowance (DA)
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House Rent Allowance (HRA) — Tier I: ₹4,400; Tier II: ₹3,600; Tier III: ₹3,000
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Medical Insurance, LTC, Provident Fund (PF), Gratuity
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Lunch Allowance, Performance-based Incentives (up to 10% of annual salary)
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Group Insurance, Housing Loan subsidies
3. Career Growth & Progression
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Structured Hierarchy
Typical progression path:Assistant → Associate → Senior Associate → Assistant Manager → Deputy Manager → Manager
Promotions are generally time-related, often happening every ~3 years, subject to evaluations.
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Incremental Salary Growth
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Assistant & Associate roles follow fixed increment pay scales over time
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Performance appraisals can boost annual salary by up to 10%
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Summary Table
