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The selected participants will be considered trainees in the probation period during which they learn basic skills and adjust to the company environment.

LIC HFL Assistants look after the Customer Service and solve the problems of the customers. As a LIC HFL Assistant, they also will review the documentation of insurance, also manage documents relating to Sales, policies, settlements, claims and so on. All the online and offline transactions will be taken care of by them. Apart from this, other duties aligning the job profile will be looked after by them from time to time.

The position of an Associate is a little higher than that of the assistant in the hierarchy. LIC HFL Associates look after Sales. They will need to cross-sell the insurance policies, and counsel better opportunities to clients constantly. They will also look after the administrative aspect of the job. They may get more specialised duty while handling administrative concerts entrusted via the superior authorities.

The job description of LIC HFL Assistant Manager differs from one department to another. Since the role of an Assistant Manager is hierarchically higher than an Assistant or an Associate, hence their job involves managing the work done by the assistants and associates. Other than that a LIC HFL Assistant Manager, will be expected to do the following jobs broadly:-

●      Receiving and screening home loan applications,

●      Evaluation of creditworthiness and goodwill of clients,

●      Recommendation and sanctioning of loan approvals.

●      Managing Sales targets and promotions.

The following are the key benefits enjoyed by every employee working under LIC HFL:

●      Lunch Allowance

●      Provident Fund

●      Mediclaim, Gratuity

●      Leave Travel Concession (LTC)

●      Group Insurance Scheme

●      Housing Loan

Performance Linked Incentive and other benefits as per rules.

Since LIC jobs come under the purview of the Central Government, these are the basic amenities that all employees enjoy irrespective of their position on the pyramid of hierarchy.

The basic pay for a LIC HFL Assistant starts with Rs. 13000 per month.

Rs.13980.00/-

An increment of Rs.860/- for one year

Rs.14840.00/-

An increment of Rs.940/- for the next two years

Rs.16720.00/-

An increment of Rs.1060/- for the next five years

Rs.22020.00/-

An increment of Rs.1230/- again for the next two years

Rs.24480.00/-

An increment of Rs.1500/- for the next three years

Rs.28980.00/-

An increment of Rs.1565/- for the next two years

The allowances are provided depending upon the place of posting and other such factors.

The basic pay for LIC HFL Associate starts with Rs. 21,270/- per month.

Rs.21270

An increment of Rs.1485 for three years

Rs. 25725

An increment of Rs.1665 for the next fifteen years

Rs.50700

The allowances will be paid as per the LIC HFL rules. As an Associate, you will also be entitled to monthly emoluments that depend upon the place of posting.

The basic pay of LIC HFL Assistant Manager starts with Rs.32,815/- per month.

Pay Scale: Rs.32815

An increment of Rs.1685 for fourteen years

Rs. 56405

An increment of Rs.1755 for next three years

Basic pay after three years becomes Rs. 61,670

The allowances will be paid as per the LIC HFL rules, along with which they will also be entitled to monthly emoluments that depend upon the place of posting.

In order to enjoy the basic pay and several allowances and perks, aspirants need to work hard and get a good score. Also referring to the previous year’s papers help enhance candidates’ preparations.

Ans. The official notification is expected to be out by August of 2023 tentatively.

Ans. No, LIC HFL only offers full-time employment opportunity as Assistant, Associate and Assistant Managers.

Ans. After the official notification is out, you can find the application form for LIC HFL 2023 recruitment on the official website. You can visit the website by clicking here.

Ans. The Assistant Manager works for one year under probation as a Management Trainee.

Ans. One can appear in the exams that are conducted annually by LIC HFL or you can get promoted by optimizing your performance.