LIC Housing Finance Limited (LIC HFL) offers attractive salary packages and benefits for Junior Assistant posts. The starting salary for Junior Assistants typically ranges from Rs. 32,000 to Rs. 35,200 per month. Additionally, the annual package amounts to around Rs. 4,00,000 per annum.
Apart from the basic pay, Junior Assistants enjoy various perks and benefits. These include allowances such as house rent allowance (HRA), dearness allowance (DA), and travel allowance (TA). These benefits make the overall compensation package quite appealing.
Junior Assistants also have opportunities for continuous career growth and promotions. They can advance to higher positions based on their performance and experience. The career path includes promotions to roles like Senior Assistant, Assistant Manager, and Manager. Each promotion comes with an increase in responsibilities and salary.
The job profile of a Junior Assistant includes tasks such as handling customer queries, processing loans, and maintaining records. They are also responsible for ensuring compliance with company policies and procedures. Effective communication and problem-solving skills are essential for this role.
LIC HFL provides a stable and rewarding career with numerous growth opportunities. The organization values its employees and offers a supportive work environment. If you are looking for a career in the finance sector with a reputable company, the Junior Assistant position at LIC HFL is a great choice.
LIC HFL Junior Assistant Salary 2024
The position of LIC HFL Junior Assistant is an excellent career option for candidates aspiring to join the bank or insurance sector. Selected candidates will undergo a probation period of six months from the date of joining, which may be extended according to the company’s policies.
The net LIC HFL Junior Assistant Salary 2024 is highly attractive. In addition to the basic salary, employees receive various perks and allowances. They are also eligible for several benefits, including Mediclaim, Gratuity, Group Insurance Scheme, Housing Loan, and Performance Linked Incentives. These comprehensive benefits make the role of a Junior Assistant at LIC HFL a rewarding and stable career choice.
LIC HFL Junior Assistant Salary Structure 2024
The salary structure of an LIC HFL Junior Assistant includes Basic Salary, House Rent Allowance (HRA), Other Allowances, Provident Fund (PF) contributions, Annual Package, and Net Salary. The LIC HFL Salary ranges from Rs. 32,000 to Rs. 35,200 per month. However, the actual salary may vary depending on the posting location, as it is influenced by the city’s classification.
| City Category | Basic Pay | HRA | Other Benefits | PF – Company Contribution | Total – Monthly | Annual | Salary – In Hand – Monthly (Excluding Applicable Taxes) |
|---|---|---|---|---|---|---|---|
| I | 20,000.00 | 4,400.00 | 8,400.00 | 2,400.00 | 35,200.00 | 4,22,400.00 | 32,800.00 |
| II | 20,000.00 | 3,600.00 | 7,600.00 | 2,400.00 | 33,600.00 | 4,03,200.00 | 31,200.00 |
| III | 20,000.00 | 3,000.00 | 7,000.00 | 2,400.00 | 32,400.00 | 3,88,800.00 | 30,000.00 |
LIC HFL Salary 2024 Perks & Allowances
Dearness Allowance (DA):DA is a cost of living adjustment allowance calculated as a percentage of basic pay. It is revised quarterly based on the Consumer Price Index (CPI).
House Rent Allowance (HRA): HRA varies by the posting city:
- Tier I City: ₹ 4400
- Tier II City: ₹ 3600
- Tier III City: ₹ 3000
Health Benefits: Health insurance covers the employee and their dependents.
Leave Travel Allowance (LTC): Employees are entitled to LTC, which covers travel expenses for employees and their families to their hometown or other destinations in India.
Provident Fund (PF): A compulsory retirement savings scheme where both the employer and the employee contribute a fixed percentage of the basic salary.
Gratuity: A lump sum paid to employees upon their retirement or termination of employment, provided they have completed a minimum period of service.
Performance Incentives: Every year, employees are entitled to receive up to 10% of their annual salary based on quarterly or annual performance.
Role and Responsibilities of Junior Assistant in LIC HFL
- Office Tasks: Manage administrative duties including record-keeping, data entry, and document filing.
- Customer Service: Assist customers with inquiries, provide information about products and services, and resolve issues.
- Financial Transactions: Handle cash receipts, payments, and account maintenance.
- Support to Senior Officers: Aid senior officers in their daily tasks, prepare reports, and perform other administrative duties.
- Document Verification: Verify and process applications, loan documents, and other financial paperwork.
- Office Management: Ensure smooth office operations by coordinating with various departments and managing office supplies.