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The LIC HFL Salary is a matter of great interest and importance for candidates aspiring to work with LIC HFL. The salary offered by LIC HFL is competitive and attractive, ensuring a rewarding career for its employees. Apart from handsome basic pay, LIC HFL provides various allowances, benefits, and perks that contribute to an overall lucrative compensation package. In this blog, we will provide you with the LIC HFL Salary 2023 and the in-hand salary details.
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We have mentioned below the detailed salary structure for each post of the LIC HFL Recruitment 2023.
Basic pay: Rs. 13,980/- per month
Payscale: 13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 –1565(2) – 32110
Total Emoluments per month: Approximately Rs. 23,870/- (depends upon the place of posting)
Basic pay: Rs. 21,270/- per month
Pay scale: 21270 – 1485(3) – 25725 – 1665(15) – 50700 and other admissible allowances as per rules shall be payable.
Total Emoluments per month: Approximately Rs. 35,960/- (depends upon the place of posting)
Basic Pay: Rs. 32,815/- per month
Pay Scale: 32815 – 1685(14) – 56405 – 1755(3) – 61670 and other admissible allowances as per rules shall be payable.
Total Emoluments per month: Approximately Rs. 56,000/- (depends upon the place of posting)
Apart from their regular salary, based on their place of posting, employees also get:
LIC HFL Employee Benefits |
Lunch Allowance |
Provident Fund |
Mediclaim, Gratuity |
Leave Travel Concession (LTC) |
Group Insurance Scheme |
Housing Loan |
Performance Linked Incentive and other benefits as per rules. |
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Assistant/ Associate: 6 months from the date of joining which may be extended for a maximum period of 6 months.
Assistant Manager: Before appointment as Assistant Manager, there will be a training period of 1 year as a Management Trainee from the date of joining. A consolidated salary of Rs.25,000/- per month will be paid during this training period. The appointment to the post of Assistant Manager will be subject to the successful and satisfactory completion of the training period. There will be a probation period of 1 year from the date of appointment as Assistant Manager which may be extended for a maximum period of 1 year.
After the successful completion of the probation period, the Trainees are appointed to their respective positions.
LIC HFL Job Profile of Associate
LIC HFL Assistant Manager Job Profile
Although the responsibility of an Assistant Manager varies from department to department, some of them are listed here:
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In terms of growth, there are ample opportunities in LIC HFL. Employees get timely promotions based on their years of experience and performance. Employees may also give Departmental examinations and get promoted to higher posts.
That's all from us in this blog. We hope the information provided for the LIC HFL Job Profile and Salary of Assistant, Associate, and Assistant Manager helps you in getting a clear picture of roles and responsibilities. Keep checking Oliveboard's Blog to stay updated with all the latest news and study material on LIC HFL.
Candidates can apply online from the official website of the LIC after the start of registration process
The application fee for LIC HFL is Rs.500/-
Minimum 21 years and Maximum 28 years.
The official exam date is not announced yet, but as the notification is already out, the exam date will be released soon
LIC HFL Notification 2023 is expected to be released in August 2023.
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