LIC HFL Salary For Assistant, Associate & Assistant Manager: LIC Housing Finance Limited (LIC HFL), one of the top, government-owned, housing finance company in India, has announced 300 vacancies for the posts of Assistant, Associate and Assistant Manager in different branches of the company all over India. The online registration for the exam has started and as per the LIC HFL Notification, eligible candidates can apply for the exam till 28th August 2019.
Working at LIC HFL can provide great growth opportunities. Aspiring candidates should have a clear idea about LIC HFL Salary for Assistant, Associate and Assistant Manager. They should also have knowledge of the job description of each of the posts as well as career opportunities. In this article, we will provide you with all the information regarding LIC HFL Salary, job description, and promotions. Read on to find out.
LIC HFL Salary, Job Description & Promotions
As mentioned above, there are vacancies for three posts in LIC Housing Finance Limited:
- LIC HFL Assistant
- LIC HFL Associate
- LIC HFL Assistant Manager
The LIC HFL Salary, pay scale, and job description for each of these posts are different.
LIC HFL Salary For Assistant
The starting Basic Pay for LIC HFL Assistants is Rs 13,980 (per month). The LIC HFL Assistant pay scale is as under:
LIC HFL Salary: LIC HFL Pay Scale For Assistant Post
|13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 – 1565(2) – 32110|
Total remuneration per month will be approximately Rs. 23,870/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules
Initial Basic Pay – Rs 13,980 and yearly increment of Rs 860 for 1 year
Basic Pay after 1 year – Rs 14, 840 and hereafter, yearly increment of Rs 940 for the next 2 years
Basic Pay after next 2 years – Rs 16,720 and hereafter, yearly increment of Rs 1,060 for the next 5 years
Basic Pay after next 5 years – Rs 22,020 and hereafter, yearly increment of Rs 1,230 for the next 2 years
Basic Pay after next 2 years – Rs 24,480 and hereafter, yearly increment of Rs 1,500 for the next 3 years
Basic Pay after next 3 years – Rs 28,980 and hereafter, yearly increment of Rs 1,565 for the next 2 years
Basic Pay after next 2 years – Rs 32,110
LIC HFL Salary For Associate
The starting Basic Pay for LIC HFL Associate is Rs 21,270 (per month). The LIC HFL Associate pay scale is as under:
LIC HFL Salary: LIC HFL Pay Scale For Associate Post
|21270 – 1485(3) – 25725 – 1665(15) – 50700|
Initial Basic Pay – Rs 21,270 and yearly increment of Rs 1,485 for 3 years
Basic Pay after 3 years – Rs 25,725 and hereafter, yearly increment of Rs 1,665 for the next 15 years
Basic Pay after next 15 years – Rs 50,700
Combining other allowances (based on the location of posting and calculated on the Basic Pay), the initial LIC HFL Associate Salary is Rs. 35,960.
LIC HFL Salary For Assistant Manager
The starting Basic Pay for LIC HFL Assistant Manager is Rs. 32,815 (per month). The LIC HFL Assistant Manager pay scale is as under:
LIC HFL Salary: LIC HFL Pay Scale For Assistant Manager Post
|32815 – 1685(14) – 56405 – 1755(3) – 61670|
Initial Basic Pay – Rs 32,815 and yearly increment of Rs 1,685 for 14 years
Basic Pay after 14 years – Rs 56,405 and hereafter, yearly increment of Rs 1,755 for the next 3 years
Basic Pay after next 3 years – Rs 61,670
Combining other allowances (based on the location of posting and calculated on the Basic Pay), the initial LIC HFL Salary for Assistant Managers will be around Rs. 56,000.
LIC HFL Salary: Additional Benefits
In addition to the LIC HFL Salary as mentioned above, LIC HFL Assistants, Associates and Assistant Manager will get the following benefits:
LIC HFL Additional Benefits
|1. Lunch Allowance|
|4. Housing Loan|
|5. Provident Fund|
|7. Group Insurance Scheme|
|8. Incentives Based on Performance and Other Benefits|
LIC HFL Salary 2019: Assistant Job Description
LIC HFL Assistants’ job is, basically, clerical in nature – they help in maintaining accounts and sit at the cash counter. They perform various activities and tasks as assigned by their supervisor or manager. They also do back office tasks and assist senior officers.
LIC HFL Salary 2019: Assistant Manager Job Description
The Assistant Manager works closely with the Manager and assists him whenever required. They make sure the various tasks assigned by the Manager are done. They act as supervisors to the team. They have to make sure that the targets are met. They also work on to boost marketing of the organization and play a crucial role in assessing loan applications and processing them.
LIC HFL Salary 2019: Promotions
LIC Housing Finance Limited is a great place to work at and it provides ample opportunities to grow. LIC HFL Assistants, Associates and Assistant Managers get lots of chances to showcase their potential. There are promotions based on performance. Also, one can appear for exams conducted internally and get promoted to higher posts. Apart from that, you can learn a lot of things about banking, finance, and real estates as you work for LIC HFL.
So, LIC HFL is one of the best organization to work for, not only because of the great LIC HFL Salary but also for the opportunities it provides for personal and professional growth.
If you are appearing for LIC HFL exam 2019, you must be serious right from the beginning. Be thorough with the LIC HFL syllabus and LIC HFL exam pattern and finish the entire syllabus diligently. Take LIC HFL mock tests on a regular basis. This will help you improve your time management and other test-taking skills. Also, you will identify your weak areas and concepts. You can then work on them and improve your score.
As the syllabus and exam pattern of LIC HFL Online Exam is almost the same as that of bank exams, you can take the free LIC mock tests of Embibe. Make sure to unlock the Advanced Test Analysis to get detailed feedback on your test.
We hope this detailed article on LIC HFL Salary helps you. If you have any query regarding LIC HFL Salary, feel free to drop a comment below and we will get back to you.