• Written By Akash_Anand
  • Last Modified 05-08-2022

LIC Assistant Vs SBI Clerk: Check Major Differences Now

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LIC Assistant Vs SBI Clerk: A lot of people have reached out to us about their queries related to the exams of LIC Assistant and SBI Clerk. This is the reason we bring you a detailed comparison of the two mighty exams in India.

In this article, we will be comparing both the exams in the areas of brand, vacancy, job profiles, salary and allowances, exam pattern, future career prospectives, etc. Read on!

LIC Assistant Vs SBI Clerk

LIC Assistant and SBI Clerk are the two most prestigious government exams which a lot of candidates set their eyes on. While both the exams held every year, there is a lot to know about the two. Let us look at the comparison scenarios given below:

LIC Assistant Vs SBI Clerk: The Brand   

In this section, we will cover the two brands and their effectiveness.

Life Insurance Corporation of India (LIC)State Bank of India (SBI)
LIC is a state-owned insurance company i.e. it is owned by the Government of India.

State Bank of India is one of the most reputed banking organisations in the country. It is a public sector bank and provides all types of financial services.

LIC Assistant Vs SBI Clerk: Job Profile

Both LIC Assistant and SBI Clerk are entry-level jobs that involve performing various day-to-day tasks for the smooth functioning of the organization. Employees get a lot of opportunities once they find the necessary experience of working as per the daily roles and responsibilities. Given below is the comparison related to the job profile of LIC Assistant and SBI Clerk:

LIC Assistant Job ProfileSBI Clerk Job Profile
1. Dealing and finding solutions to customer grievances.

2. Processing and analyzing the insurance documents by checking the authenticity of the corresponding personal documents.

3. Handling documents based on claims, accounts, policies, settlements, etc. 

4. Handling all types of online/offline transactions.

5. Helping in back-office work.
1. Opening accounts, issuing demand drafts, transferring amounts via RTGS/NEFT/cheque, cheque clearance, and many more.

2. Performing the tasks of Head Cashier. 

3. May need to perform the tasks of special assistant to the bank officials or other miscellaneous tasks. 

LIC Assistant Vs SBI Clerk: Salary Perks & Other Allowances

Let us take a look at the salary perks and other allowances for LIC Assistant and SBI Clerk.

LIC Assistant Salary & AllowancesSBI Clerk Salary & Allowances
An entry-level candidate for the post of LIC Assistant has the basic pay of Rs. 14,435 per month along with other allowances.

Other allowances may include Graduation Increment, Gratuity, LTC, House Rent Allowances, Defined Contributory Pension, Cash Medical Benefits, Accident Insurance, Group Medi-claim, and others.
The starting basic pay of SBI Clerk can get close to Rs. 11,765 per month alongside different allowances.

The total salary will include the components of Dearness Allowance (DA), House Rent Allowance (HRA), Special Allowance, Transport Allowance, Medical facilities, Pension Schemes, Provident Funds, and many more.

LIC Assistant Vs SBI Clerk: Promotion & Growth 

Let us look at the possible promotion and growth opportunities for LIC Assistant and SBI Clerk:

LIC Assistant PromotionSBI Clerk Promotion
LIC provides an experience-based promotion where employees are eligible for different promotion levels based on their experience as well as performance.
 
Employees may also get a chance for promotion opportunities through Departmental Exams.
SBI Clerk carries growth opportunities for Clerical Cadre. SBI Clerks may get promoted to the position of JMGS Scale-1.

If the position of officer cadre suits you, then the employee has to meet specific criteria. 

Employees may also reach to the level of General Manager by means of SBI’s fast track promotion process.

LIC Assistant Vs SBI Clerk: Notifications & Vacancies

Let us take a look at LIC Assistant and SBI Clerk in terms of the vacancies released by them:

LIC Assistant Notification & VacanciesSBI Clerk Notification & Vacancies
This year, LIC is yet to release its notification for LIC Assistant.

In 2019, more than 7800 vacancies were announced for the post of LIC Assistant in different zones.
SBI has posted 4900+ Clerk vacancies to be filled across India. 

The Preliminary exam is to be conducted in the month of June 2021 while the Mains exam is expected to be conducted in July 2021.

LIC Assistant Vs SBI Clerk: Exam Pattern

Given below is the comparison of the exam pattern of LIC Assistant and SBI Clerk.

LIC Assistant Exam PatternSBI Clerk Exam Pattern
Prelims:
1. Three sections consisting of a total of 100 questions with 20 minutes dedicated to every section.
2. Sections: Reasoning Ability, Quantitative Aptitude and English Language. 
3. It is important to clear the sectional cut off marks in order to qualify for the mains exam.
Prelims:
1. Three sections with sectional timing of 20 minutes each.
2. Sections: English Language, Numerical Ability and Reasoning Ability.
3. There is sectional and overall cut off marks both of which needs to be cleared. 
Mains
1. Four Subjects: General/Financial Awareness, Quantitative Aptitude, General English and Reasoning Ability & Computer Aptitude.

2. In the specific regions such as North, East Central, West, Central and North Central, there will be the test of the Hindi language as well.

3. Total questions = 200 and Maximum marks = 200.

4. There are sectional as well as overall qualifying criteria. 
Mains
1. Four Sections: Quantitative Aptitude, General English, General/Financial Awareness and Reasoning Ability. 

2. There are separate time slots allotted to each of the sections amounting to a total of 160 minutes.

3. There is a sectional and overall qualifying marking system.  

After analysing all the aspects of LIC Assistant and SBI Clerk in detail, we have arrived at the end of our article. We hope this article on LIC Assistant Vs SBI Clerk has provided some value to you.

FAQs: Frequently Asked Questions

Q. What are the stages involved in LIC Assistant Selection Process?

A. The LIC Assistant selection process involves
1. Prelims Exams
2. Mains Exam
3. Medical Exam

Q. What is the salary of a LIC Assistant?

A. The basic pay of a LIC Assistant (Clerk) is Rs. 14435/- per month on the scale of Rs. 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195 (2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080 and other admissible allowances as per rules.

Q. What is the salary of an SBI clerk?

A. The SBI Clerk salary pay scale will be 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110- 2120/1- 30230-1310/1-31450. This means an SBI Clerk (Junior Associate) will get a starting pay of Rs. 11,765/- with an annual increment of Rs 655/- i.e 13075.

Q. Who will conduct the SBI Clerk exam?

A. SBI Clerk Exam is conducted by the State Bank of India to recruit candidates for the post of Junior Associates (Customer Support and Sales) in its different branches across the country.

Q. Who will conduct the LIC Assistant exam?

A. Life Insurance Corporation of India (LIC) is the conducting authority of the LIC assistant examination.

If you come across any doubt related to the two exams, you can drop your queries in the comment section below. We will surely help you out.

Team Embibe wishes you all the best!

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