LIC Assistant Engineer Salary and Job Profile 2024: Check Emolument Details Here
The LIC Assistant Engineer Recruitment 2024 will be starting soon by the board. After the candidates are recruited, they will be paid a handful salary and along with the salary, they will be also capable of getting other benefits which are set by the board. Candidates need to check the details of salary and their job responsibilities to get motivated for the LIC Assistant Engineer recruitment 2024. The candidates will be getting a basic pay of Rs.32795/- which will be paid as per the 7th pay commission. The candidates will have to complete a probation period of 1 year from the date of joining after they are recruited. Along with the salary, the candidates will also be getting other allowances which include DA, HRA, TA etc. We have discussed the allowances in detail below in this article and we have also discussed the job responsibilities which the candidates will be taking up after they are recruited for the LIC Assistant Engineer position.
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LIC Assistant Engineer Salary 2024 (Expected)
After the candidates are recruited for the post of LIC Assistant Engineer Salary, it is expected that they will be paid a good salary which is mentioned below in this article. They will be paid a basic pay of Rs. 32795/- per month, check below to know in detail.
LIC Assistant Pay Scale |
Rs. 32795- 1610(14) –55335– 1745(4) –62315 |
Basic Pay |
Rs. 32,795/- per month |
Gross Monthly Emoluments |
Rs. 57,000/- Approx in A class cities |
LIC Assistant Engineer 2024 Additional Allowances and Benefits
Along with the salary, the candidates will be receiving other allowances as per the Government rule like DA, HRA, etc. which is mentioned below in the article. However, the allowances may differ depending upon the job location of the candidate.
Benefits |
Metro |
Class A City |
Class B City |
Class C City |
Basic Pay |
32795 |
32795 |
32795 |
32795 |
Dearness Allowance (54.4%) |
17840 |
17840 |
17840 |
17840 |
Travel Allowance |
1330 |
1330 |
1330 |
1330 |
House Rent Allowance |
3279 |
3279 |
2624 |
2295 |
Lease |
20000 |
15000 |
10000 |
8000 |
City Compensatory Allowance |
983 |
820 |
656 |
0 |
REIMB of Expenses towards household help |
1000 |
1000 |
1000 |
1000 |
Entertainment (Tea/Coffee) Reimbursement |
800 |
800 |
800 |
800 |
Sodexo Meal Coupons (AVG 22 Days) |
4070 |
4070 |
4070 |
4070 |
Mobile Recharge Reimbursement |
400 |
400 |
400 |
400 |
News Paper Reimbursement |
200 |
200 |
200 |
200 |
LIC Contribution in DCPS (10% of Basic + DA) |
5063 |
5063 |
5063 |
5063 |
Mobile Handset MLY EQUIVALENT |
277 |
277 |
277 |
277 |
PLI Bonus (AVG 3%) MLY EQUIVALENT |
1037 |
1037 |
1037 |
1037 |
Briefcase REIMB MLY EQUIVALENT |
84 |
84 |
84 |
84 |
CTC per annum with HRA |
829896 |
827940 |
818112 |
806292 |
CTC per annum with lease accommodation |
1030548 |
968592 |
906624 |
874752 |
What is the probation period of a LIC Assistant Engineer?
The candidates will be recruited for the LIC Assistant Engineer based on many criteria and after they are recruited, the candidates will be on a probation period of 1 year which can be extended up to two years. The probation period is subject to change depending on the bard’s decision.
What is the Guaranteed period of LIC Assistant Engineer?
A bond of 4 years will be signed by the LIC assistant officer, including the probationary period. This will be valid as of the date of his or her accession. If the nominee fails to serve it, they can pay a penalty of only 5 lakhs + GST or the amount of money prescribed at the time by the staff chief. The nominee would have to apply, at his own expense, a deed of indemnity, properly stamped and notarized.
LIC Assistant Engineer Job Responsibilities
- The insurance industry is analysed by Assistant Engineers (AE). Through this, they will devise new insurance systems and goods that can be sold to their customers through LIC.
- Testing and reviewing current policies is equally important for AE. It is their obligation to verify whether the data presented by the policyholders is not false, deceptive, or in any way tweaked.
- The Indian insurance market is packed with rivals who attract consumers with new products. AE shall maintain a tab of the items sold by its competitors.
- LIC's AE does not carry out field operations, but by providing the necessary back-office support, they help the field staff.
- Interacting with clients is critical in this dynamic period. AE would have to address consumer concerns and problems through contact.
- To maintain a satisfied customer base, customer service is important. AE acts to recognise and rectify policy mistakes.
- AE shall also ensure efficient coordination between the organisation's various departments. For the smooth functioning of the organisation, this is important.
- In addition, AE can aid in the collection of insurance claims by clients and their legal heirs.
For details on the LIC Assistant Engineer Exam Date, refer to the linked article.
What after the selection of LIC Assistant Engineer 2024?
- After the candidates are recruited and have completed their probation period, the Assistant Engineers will be posted at their assigned places for a minimum of 3 years and no changing of place will be entertained.
- After they are selected as LIC Assistant Engineers, they will have to complete the probation period of one year which is, however, subject to change.
We hope that the above-mentioned information will be helpful for the candidates appearing for the examination. Candidates can download the Testbook App for testifying your performance and position for other Government recruitment examinations. We wish you Good Luck!
The Life Insurance Corporation of India (LIC) will release the official notification for the LIC Assistant Engineer recruitment 2024. With an expected salary of 57,000 (Approx.) per month, this is a golden opportunity for candidates who are seeking jobs in the government sector. Meanwhile, The candidates can go through the LIC Assistant Engineer exam pattern to have an understanding for the examination process.