About LIC India

The largest and state owned insurance company, Life Insurance Corporation (LIC) has shown tremendous growth in terms of revenue and popularity. This insurance group and investment company is headquartered in Mumbai and there are more than 1,20,000 people working for the company all over India. The company was established 59 years ago in 1956 with a motive to provide insurance cover against any risk in life. The company was initiated to benefit the people and secure them from any kind of calamity.

The company is entirely owned by Government of India and has more than 2100 branch offices, 100 divisional offices and 7 Zonal offices and the corporate office all around the country. LIC has overcome many milestones and has been giving a remarkable performance over the years.

Salary Packages at LIC India

People working with LIC India are paid good packages according to their performance. Experience and skills also play a very vital role in this profession. The more the experience, more will be the income and vice versa. There are basically 4 classes comprised of different designations and salary packages. This write up focuses on the salary packages of the employees working with LIC India.

Salary packages according to the classes and designations is listed in the table below.

Salary Packages of Class I employees at LIC India
Particulars Salary Range(per month)
Zonal Manager (Selection Scale) Rs. 53,000 – Rs. 60,000
Zonal Manager (Ordinary Scale) Rs. 47,000 – Rs. 54,000
Senior Divisional Manager Rs. 42,000 – Rs. 48,000
Divisional Manager Rs. 35,000 – Rs. 43,000
Assistant Divisional Manager Rs. 28,500 – Rs. 40,000
Assistant Administrative Officer Rs. 18,000 – Rs. 33,000

Class II is consisted of Development Officers raking around Rs. 12000 – Rs. 25000 per month.

Salary Packages of Class III employees at LIC India
Particulars Salary Range(per month)
Higher Grade Assistant Rs. 12,000 – Rs. 27,000
Section Head Rs. 20,000 – Rs. 25,000
Stenographers Rs. 10,000 – Rs. 24,000
Assistant/Cashier Rs. 8,000 – Rs. 22,000
Record Clerks Rs. 7,500 – Rs. 16,000
Salary Packages of Class IV employees at LIC India
Particulars Salary Range(per month)
Drivers Rs. 7,100 – Rs. 14,000
Sepoys/Hamal/Head/Peons/Liftman/Watchman Rs. 6,200 – Rs. 12,000
Sweepers/Cleaners Rs. 6,000 – Rs. 11,500

Above listed salaries are subject to change without any prior notice.

Employees working with LIC are also benefitted with Dearness and House Rent Allowance which help them to incur some of their expenses. LIC India gives you immense experience and growth.