The Life Insurance Corporation of India aka LIC offers great salary to LIC HFL employees. LIC is the top most government company and one of the biggest company in Insurance sector. LIC alone contributes around 7% to India’s GDP and these numbers are tells how big the LIC is. There is lot to know more about LIC HFL. Checkout now.
Salary of LIC HFL
The LIC Housing Finance Limited is one of the top government owned housing company in India. If you are buying a life insurance then LIC is the first choice anyone goes for. As LIC offers attractive salary and the employees have job security it is the most preferable insurance jobs in India.
The LIC HFL assistant basic salary is Rs 13,980 (per month) pay scale as follows 13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 – 1565(2) – 32110.
LIC HFL Associate is the upper post of LIC Housing Finance Limited Assistant which offers more attractive Earning and allowances. As the LIC HFL Associate basic salary is Rs. 21270/- (per month) pay scale as follows 21270 – 1485(3) – 25725 – 1665(15) – 50700.
After LIC HFL Associate, the higher post they get promoted to is LIC Housing Finance Limited Assistant Manager. The salary of an Assistant Manager of LIC HFL is Rs. 32,815 (per month) as pay scale is 32815 – 1685(14) – 56405 – 1755(3) – 61670.
The remuneration of all three post LIC Housing Fiance Limited Assistant, Associate and Assistant Managers in HFL is set by Life Insurance corporation itself.
As per the official notification of Housing Finance Limited recruitment exam, the LIC HFL Salary for the three posts is given below:
|Posts||HFL Assistant||Associates||HFL Assistant Managers|
|Salary||Rs. 23,870/-||Rs. 35,960/-||56000/-|
Salary Increment of LIC HFL
Below mentioned table gives you the detailed view of salary increment in LIC HFL post in past year.
|HFL Assistant Managers||56000/-||52200/-||3800/-|
Benefits and Perks of LIC HFL
The LIC Housing Finanace Limited has a decent salary and apart from that they also enjoys lots of benefits and perks that makes this job post number 1 in insurance sector. Below we have mentioned some of the benefits and perks that LIC HFL Employees get. Have a look-
|Particulars||Benefits and Perks|
|Lunch Allowance||The LIC HFL employees enjoys the monthly lunch allowances.|
|House Rent Allowance||HRA is paid for the accommodation expenses and varies as per the city of residence of the employee. As per the place of posting, 9% or 8% or 7% HRA is paid by the bank.|
|Special Allowance||It includes incentives or the performance-based bonus given to employees.|
|Mediclaim||Life Insurance Company provides there employees Mediclaim for there whole family.|
|Lease Allowance||The lease accommodation option is available and can be availed up to Rs 29500 as per the posting location, in that case, employees will not be able to Naval HRA.|
|Incentives Based on Performance and Other Benefits||On the monthly performance basis, the LIC Housing Finance Limited employees earns extra incentives and much more apart from there salary.|
LIC HFL Eligibility Criteria
Eligibility Criteria for the recruitment of LIC HFL is same as for 2019 and 2018 notifications by LIC. Before applying for the LIC HFL exam for three post, candidates must check the eligibility criteria.
Candidates have to satisfy the following conditions to qualify the LIC HFL eligibility criteria:
- A citizen of Indian Nationality
- Born on or after January 2, 1991, and not after January 1, 1998. The minimum age limit for LIC HFL exam is 21 years and maximum age limit is 28 years as on January 1, 2019.
- Must have knowledge of computer.
LIC HFL eligibility conditions for educational qualification for Assistant, Assistant Manager and Associates are tabulated below:
|A graduate degree in any discipline from a recognized Government University with a minimum 55% aggregate marks.||A graduate degree in any discipline from a recognized Government University with a minimum 60% aggregate marks.And CA-Intermediate||Graduate degree in any discipline from a recognized Government University with a minimum 60% aggregate marks and have completed 2 years full-time Post- Graduation course in any discipline with minimum 60% aggregate marks.|
Same other point for the eligibility criteria for LIC HFL is mentioned below –
As you know now the Eligibility criteria of LIC Housing Finance Limited, you can assure now if you want to be an LIC HFL Employee or not.
Job in Insurance sector is seen as the most proudable and safest among candidates. Lakhs of candidates every year appear for Insurance exams and LIC HFL is one of that post. The LIC HFL gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. You can compare the salary of LIC AOO to that of LIC HFL to look on which one is great for you. Here in this post we have discuss the detailed information about LIC housing Finance Limited salary, job profile, allowances, benefits and perks. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.