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LIC HFL Job Profile Salary & Growth | Assistant, Associate, Asst. Manager

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LIC HFL Job Profile Salary & Growth | Assistant, Associate, Asst. Manager

shape Introduction

LIC Housing and Finance Ltd., one of the largest Housing Finance company in India, has released LIC HFL Recruitment notification in 2019. A total of 300 vacancies have been announced for the posts of Assistant, Associate and Assistant Manager. This article discusses details about LIC HFL Job Profile & Salary of Assistant, Associates and Assistant Managers.

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shape LIC HFL

  • To start with, LIC stands for Life Insurance Corporation and HFL stands for Housing Finance Limited.

  • It’s a separate division of LIC of India dealing exclusively on Housing finance only.

  • As one of the most reputed and reliable forms of a financial institution, it is counted as the best option for a housing loan and financial management.
LIC HFL provides a good and stable platform for individual growth. LIC HFL has an incredible career opportunity when it comes to creativity and exposure. So if you are the kind of person who can think out of the box, you are already half-way through. You can have a promotion based on your performance or you can just appear for the internal exams for a higher leap. In short, you are not only getting a living but also educating yourself on banking, loan, finance, and insurance as well. So, when it comes to security, financials, and growth, there is hardly any other organization that can do the job for you better than LIC HFL. Moreover, you will also have a huge client base that can be converted to different aspects at different points increasing your exposure to opportunities.
If you are thinking of getting a career in the LIC HFL, make sure you make your mind from the beginning. You must make a game plan, understand the syllabus and continuously check for updates. You can work on various mock-tests for better accuracy and timing precision. The key is to make sure that you try your best and make sure that you don’t leave any possibility unchecked.
As one of the most stable company in India with preference to that of any government organization, a good performance will definitely ensure growth and stability. Employees get timely promotion based on their years of experience and performance. More importantly, new joiners will get plenty of chances to showcase their talents and can get a higher rank in a matter of months. Employees may give internal Departmental examinations and get promoted to higher posts. LIC HFL is the perfect place for both growth and job security. With other allowances intact, it is perhaps the best place for aspirants to start and carry out their career plans with.

shape Salaries

LIC HFL Job Profile, Growth & Salaries - Assistant/ Associate/ Asst. Manager:
LIC HFL Assistant LIC HFL Associate LIC HFL Asst. Manger
Basic Pay Rs. 13,980/- per month Rs. 21,270/- per month Rs. 32,815/- per month
Pay Scale 13980 – 860 (1) – 14840 – 940 (2) – 16720 – 1060 (5) – 22020 – 1230 (2) – 24480 – 1500 (3) – 28980 – 1565 (2) – 32110 21270 – 1485 (3) – 25725 – 1665 (15) – 50700 32815 – 1685 (14) – 56405 – 1755 (3) – 61670
Emoluments per month Approximately Rs. 23,870/- (depends upon the place of posting) Approximately Rs. 35,960/- (depends upon the place of posting) Approximately Rs. 56,000/- (depends upon the place of posting)

shape Allowances

LIC HFL Allowances - Assistant/ Associate/ Asst. Manager – Other Allowances:
LIC HFL Employee Benefits
Lunch Allowance
Provident Fund
Mediclaim, Gratuity
Leave Travel Concession (LTC)
Group Insurance Scheme
Housing Loan
Performance Incentives

shape Probation

LIC HFL Probation - Assistant/ Associate/ Asst. Manager:
Assistant Associate Assistant Manager




Probation
6 months from the date of joining which may be extended for a maximum period of 6 months. 6 months from the date of joining which may be extended for a maximum period of 6 months. Before appointment as Assistant Manager, there will be a training period of 1 year as 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.

shape Job Profile

  • Deal with Customer grievances.
  • Processing and reviewing insurance documentation and ensuring all documents are complete.
  • Managing Sales documents & other documents related policies, claims, settlements, accounts, etc.
  • Handling online/ offline transactions
  • Performs such other duties as may be entrusted from time to time
  • The job responsibilities of an Associate is a step higher than that of an Assistant. Since the job is in the insurance sector, there will be a Sales aspect as well. They would need to cross-sell insurance products, and advice better investment plans to the clients.
  • Deals with other administrative matters and specialized duties assigned by superior authorities.
  • Receiving home loan applications.
  • Screening and evaluating creditworthiness of clients
  • Recommending loans for approval
  • Getting the loan sanctioned and process it on the system.
  • Co-ordinating with the Market intermediaries or Agents
  • Assist the Senior Manager in meeting the sales targets & promotion of products and services.

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