LIC HFL Junior Assistant Salary 2024, Job Profile, In Hand Pay & Allowances
LIC HFL Junior Assistant Salary 2024 comprises the basic pay and perks & allowances. The article below has complete information on LIC HFL Salary and job profile for Junior Assistant Post.
Priyanka Dahima3 Sept, 2024
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LIC HFL Junior Assistant Salary 2024: LIC Housing Finance Limited (LIC HFL) Junior Assistant posts offer handsome salary packages, continuous career growth, and various benefits to all qualified candidates for the Junior Assistant post. The starting salary package for the selected candidates is usually in the range of Rs.32,000/- to Rs.35,200/- and the annual package is around Rs.4000 per annum. Scroll down the blog to learn about LIC HFL Junior Assistant Salary, basic pay, salary structure, perks, Job Profile, Career Growth , and Promotions.
LIC HFL Junior Assistant Salary 2024
Life Insurance Company of India has released LIC HFL Junior Assistant Notification 2024 for 200 posts. All selected candidates will initially get a salary depending upon the city grade, place of posting, and reasonable benefits like HRA, other benefits and PF company share. Each year, employees are entitled to an increase of up to 10 % of their "full year" salary based on quarterly/annual performance. Aspirants need to understand these details before applying for the position. Read more about LIC HFL Junior Assistant Salary and other related details.LIC HFL Junior Assistant Salary Structure 2024
The salary structure of LIC HFL Junior Assistant consists of Basic Salary, HRA, Other Allowances, PF Company Pay, Annual Package, and Salary. The LIC HFL Salary ranges from Rs. 32,000 - Rs. 35,200, but the actual salary is also affected by the posting location (based on city class). In the table below we have mentioned the details of the LIC HFL Junior Assistant Salary Structure 2024.| LIC HFL Junior Assistant Salary Structure 2024 | |||||||
|
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 and is 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 posting city: Tier I City: ₹ 4400 Tier II City: ₹ 3600 Tier III City: ₹ 3000
- Health benefits: Health insurance covers the employee and his dependents.
- Leave Travel Allowance (LTC): Employees are entitled to LTC which covers travel expenses of employees and their families to their home town or other destination 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/annual performance.
LIC HFL Junior Assistant Job Profile 2024
LIC HFL Junior Assistant is an entry-level post providing assistance to various departments of the organization. Roles and Responsibilities related to LIC HFL Junior Assistant Job Profile are discussed below.- Customer Service: Interacting with customers for loan inquiries, payments, and grievance redressal.
- Data Entry: Maintaining accurate records of transactions and customer information.
- Documentation: Handling loan applications, verifying documents, and ensuring compliance with regulatory requirements.
- Administrative Support: Assisting in office management tasks like filing, scheduling appointments, and coordinating meetings.
- Cash Handling: Processing cash transactions and maintaining cash balances.
- Computer Skills: Using software applications for data entry, report generation, and correspondence.
- Sales Support: Assisting in sales activities and promoting company products and services.
- Team Collaboration: Working with colleagues to achieve organizational goals and ensure smooth operations.
- Compliance: Adhering to company policies, procedures, and regulatory guidelines in all transactions and interactions.
- Problem Solving: Addressing customer queries and resolving issues effectively to maintain customer satisfaction.
LIC HFL Junior Assistant Career Growth
LIC HFL Junior Assistant has many opportunities for career growth. With experience and efficiency, it is possible to climb the ladder to higher positions such as assistant, associate and manager. LIC HFL also encourages employees to continue training to update their skills and knowledge.LIC HFL Junior Assistant Probation Period
LIC HFL Junior Assistant must undergo a probationary period after joining the post. The probationary period of LIC HFL Junior Assistant is 6 months from the date of joining and may be extended as per rules.LIC HFL Junior Assistant Salary 2024 FAQs
Q1. What is the LIC HFL Junior Assistant Salary 2024?
Ans. The LIC HFL Junior Assistant starting salary package for the selected candidates is usually in the range of Rs.32,000/- to Rs.35,200/- and the annual package is around Rs.4000 per annum.
Q2. What are the allowances included in the LIC HFL Junior Assistant Salary 2024?
Ans. The allowances included in the LIC HFL Junior Assistant salary are house rent , Dearness and medical allowances.
Q3. What are the LIC HFL Junior Assistant Job Profile?
Ans. The LIC HFL Junior Assistant Job Profile includes - Desk job, Customer Service and Document verification.
Q4. What is the Probation period for LIC HFL Junior Assistant?
Ans. LIC HFL Junior Assistant must undergo a probationary period after joining the post. The probationary period of LIC HFL Junior Assistant is 6 months from the date of joining and may be extended as per rules.
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