LIC HFL Junior Assistant Salary 2024 LIC Housing Finance Limited (LIC HFL) has announced 200 open positions for the post as Junior Assistant. If you’re looking to join LIC HFL as a Junior Assistant, it’s important to be aware of the salary structure as well as the perks and development opportunities offered by this position.
This thorough overview offers insight into the pay allowances, salary, and the job description for junior assistants in LIC HFL.LIC HFL Junior Assistant Salary 2024 Check In Hand Pay Structure Perks and Allowances
LIC HFL Junior Assistant Salary and Annual Package
LIC HFL Junior Assistant Salary 2024 For a position as a Junior Assistant in LIC HFL, the starting monthly pay ranges from the range of Rs32,000 to Rs35,200, based upon the city in which you are posted. This is equivalent to an annual salary of 4 lakh. The exact figure for salary may differ based on the place of the job as well as other variables.
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LIC HFL Junior Assistant Salary Structure 2024
Here’s a breakdown on the wage structure for a LIC HFL Associate Assistant
| Component | Amount (Rs) |
|---|---|
| Basic Pay | 20,000 |
| House Rent Allowance (HRA) | 4,400 |
| Other Benefits | 10,800 |
| Gross Pay | 35,200 |
| Deductions | 2,400 |
| In-Hand Salary | 32,800 |
LIC HFL Junior Assistant City-Wise Salary Breakdown
The pay structure of LIC HFL Junior Assistants varies depending on the city’s classification. This is a comprehensive breakdown of the salary structure based on the city’s classification:
City Category: Tier I
- Basic Pay: Rs20,000
- HRA: Rs4,400
- Other Benefits: Rs8,400
- Provident Fund (PF): Rs2,400
- Total Monthly Salary: Rs35,200
- In-Hand Salary: Rs32,800
- Annual Salary: Rs4,22,400
City Category: Tier II
- Basic Pay: Rs20,000
- HRA: Rs3,600
- Other Benefits: Rs7,600
- Provident Fund (PF): Rs2,400
- Total Monthly Salary: Rs33,600
- In-Hand Salary: Rs31,200
- Annual Salary: Rs4,03,200
City Category: Tier III
- Basic Pay: Rs20,000
- HRA: Rs3,000
- Other Benefits: Rs7,000
- Provident Fund (PF): Rs2,400
- Total Monthly Salary: Rs32,400
- In-Hand Salary: Rs30,000
- Annual Salary: Rs3,88,800
LIC HFL Junior Assistant Perks and Allowances
In addition to the base pay, LIC HFL Junior Assistants also enjoy benefits and allowances that increase their overall pay package. They include:
- Health Benefits Complete medical protection for the employee as well as their dependents.
- Dearness Allowance (DA): A cost-of-living adjustment, which is adjusted every quarter based on the Consumer Price Index (CPI). This allowance is intended to offset the effects of inflation on the purchasing ability.
- House Rent Allowance (HRA) Based on the location of posting. The HRA differs according to the following:
- Tier I Cities: Rs4,400
- Tier II Cities: Rs3,600
- Tier III Cities: Rs3,000
- Conveyance Allowance is offered based on the location of the posting to pay for the cost of transportation.
- Yearly Bonus Employees can receive an increase tied to their performance that is up to 10% of their annual salary in accordance with their performance evaluations.
- The Leave Travel Concession (LTC): It covers travel expenses for employees and their families, which allows them to travel to their hometown or other locations within India.
- Pay Benefits for Leave includes paid leave, casual leave and sick leave, which ensures employees get time off due to health or personal reasons.
- Employer Provident Fund (EPF): Contributions to retirement savings, which will provide financial security after retirement.
LIC HFL Junior Assistant Job Profile
The position as a junior assistant in the LIC HFL includes a variety of responsibilities that support the business’s operations and guarantee satisfaction with the customers. Key duties include:
- Customer Support Engaging with customers to respond to loan queries processing payments, as well as settle grievances efficiently.
- data entry Recording exact details of transactions and details about customers to ensure the accuracy and conformity.
- Documentation Processing loans, confirming documents, and ensuring that all procedures are in compliance with the legal requirements.
- Administration Support Assistance in office management tasks like scheduling appointments, filing documents and coordinating meetings in order to ensure that operations run smoothly.
- Cash Handling managing cash transactions, keeping exact cash balances and ensuring the security of managing cash.
- computer skills Use software programs to enter data, creating reports and efficiently managing correspondence.
- sales support Supporting sales efforts and promoting HFL’s services and products to prospective customers.
- Group Collaboration Team Collaboration: Working in conjunction with colleagues to accomplish objectives of the organization and guarantee efficient workflow.
- Problem Solution Problem Solving: Responding to customer inquiries and resolving problems to ensure the highest levels of satisfaction for customers.
LIC HFL Junior Assistant Career Growth and Promotion
LIC HFL provides significant career advancement opportunities for employees. Beginning in the role of a junior assistant employees can advance to higher levels such as Associate, Assistant and ultimately Manager. The progression of a career is determined by the performance of an individual, their expertise, and the ability to reach the goals of the organization.
In general, a job in the field of Junior Assistant with LIC HFL offers competitive salary packages, generous allowances and perks, as well as chances to advance your career and advancement, which makes it a popular position for a large number of candidates.