The LIC Assistant Salary 2026 has become a major attraction for government job aspirants after the latest wage revisions by the Life Insurance Corporation of India (LIC). With a revised basic pay of ₹38,700, multiple allowances, and long-term employment benefits, the LIC Assistant post offers both financial security and career stability.
Apart from a strong monthly salary, LIC Assistants enjoy medical coverage, pension benefits, structured increments, and promotion opportunities, making this role far more rewarding than a standard clerical job. This article explains the LIC Assistant Salary Structure 2026, in-hand salary, allowances, deductions, increments, job profile, and career growth in detail.
LIC Assistant Salary 2026
As per the latest revision, LIC Assistants receive a gross monthly salary of around ₹66,500, with an approximate in-hand salary of ₹59,000 after deductions. The salary structure follows a well-defined pattern with periodic increments until retirement.
LIC Assistant Salary 2026 Highlights
| Particulars | Details |
|---|---|
| Organization | Life Insurance Corporation of India (LIC) |
| Post Name | Assistant |
| Basic Pay | ₹38,700 |
| Gross Salary | ₹66,510 (Approx.) |
| In-Hand Salary | ₹59,000 (Approx.) |
| Pay Revision | Latest Wage Revision Applied |
| Job Type | Government / PSU |
| Probation Period | 1 Year (extendable) |
LIC Assistant Salary Structure 2026
The salary of an LIC Assistant is composed of basic pay plus several allowances, which significantly enhance monthly earnings.
LIC Assistant Salary Breakup 2026
| Earnings Component | Amount |
|---|---|
| Basic Pay | ₹38,700 |
| Dearness Allowance (50%) | ₹19,350 |
| House Rent Allowance (7%–10%) | ₹3,870 |
| Transport Allowance | ₹680 |
| Temporary Cash Allowance | ₹800 |
| Cadre Special Allowance | ₹2,000 |
| Technical Exam Allowance | ₹555 |
| Technical Exam Allowance (Arrears) | ₹555 |
| Gross Salary | ₹66,510 |
| Total Deductions | ₹6,731 |
| Net In-Hand Salary | ₹59,000 (Approx.) |
LIC Assistant Salary 2026: In-Hand Pay Explained
The in-hand salary is the actual amount credited to the employee’s account after deductions such as pension contribution and insurance schemes. For 2026, LIC Assistants receive around ₹59,000 per month, which may vary slightly based on city posting and applicable allowances.
This makes LIC Assistant one of the highest-paying clerical-level government jobs in India.
LIC Assistant Salary Deductions 2026
LIC provides extensive employee welfare benefits, and certain contributions are deducted from the gross salary for long-term security.
LIC Assistant Salary Deductions
| Deduction Type | Amount |
|---|---|
| NPS / DCP Contribution | ₹3,825 |
| Mediclaim | ₹158.92 |
| Group Insurance Scheme | ₹97 |
| Risk Premium (GTIS) | ₹196 |
| Optional Mediclaim | ₹613.92 |
| GID Premium | ₹1,840 |
| SR Account Credit | ₹0.22 |
| Total Deductions | ₹6,731.06 |
LIC Assistant Salary Increment Structure 2026
LIC Assistants benefit from regular and structured salary increments, ensuring steady income growth throughout their career.
LIC Assistant Increment Chart
| Service Period | Annual Increment | Basic Pay |
|---|---|---|
| Initial | – | ₹38,700 |
| After 1 Year | ₹2,275 | ₹40,975 |
| Next 2 Years | ₹2,485 | ₹45,945 |
| Next 5 Years | ₹2,800 | ₹59,945 |
| Next 2 Years | ₹3,235 | ₹66,435 |
| Next 3 Years | ₹3,960 | ₹78,315 |
| Next 2 Years | ₹4,110 | ₹86,535 |
| Next 5 Years | ₹4,385 | ₹1,08,460 |
The increments continue until the maximum pay scale or retirement.
LIC Assistant Salary 2026: Perks & Allowances
Beyond salary, LIC offers some of the best perks among PSU jobs, making it a long-term career destination.
Major Allowances & Benefits
- Dearness Allowance (DA)
- House Rent Allowance (HRA) & City Compensatory Allowance (CCA)
- Cash Medical Benefit
- Group Mediclaim for family
- Group Personal Accident Insurance
- Group Life Insurance
- Defined Contributory Pension Scheme
- Gratuity on retirement
- Leave Travel Concession (LTC)
- Graduation Increment
- Two-wheeler loan facility
- Housing & personal loans at concessional rates
LIC Assistant Job Profile 2026
The LIC Assistant role is primarily clerical and customer-oriented, involving both front-office and back-office duties.
Key Responsibilities
- Working as cashier or single-window operator
- Handling customer queries and grievances
- Processing insurance policies and claims
- Managing cash and online transactions
- Maintaining policy and account records
- Supporting Assistant Managers in daily tasks
- Verifying documents related to policies and settlements
- Managing sales and recovery documentation
LIC Assistant Career Growth & Promotions
LIC offers excellent internal promotion opportunities through departmental exams and seniority-based progression.
Career Progression Path
- LIC Assistant
- Assistant Administrative Officer (AAO)
- Administrative Officer (AO)
- Senior Divisional Manager
- Zonal / Central Office Roles
Employees can also appear for internal competitive exams to move into officer-level positions.
LIC Assistant Annual Salary Package 2026
| Component | Amount |
|---|---|
| Annual In-Hand Salary | ₹6.5 – ₹7 Lakhs |
| Additional Benefits | Medical, Pension, LTC |
| Job Security | Very High |
The annual package may vary depending on posting city and allowances applicable.
LIC Assistant Probation Period
Newly appointed LIC Assistants must serve a probation period of one year, which can be extended up to two years in special cases. During probation, performance, discipline, and adaptability are assessed. After successful completion, employees are confirmed as permanent LIC staff.
FAQs – LIC Assistant Salary 2026
Q1. What is the basic pay of LIC Assistant in 2026?
The revised basic pay is ₹38,700 per month.
Q2. What is the in-hand salary of LIC Assistant?
The in-hand salary is approximately ₹59,000 per month.
Q3. Is LIC Assistant a government job?
Yes, LIC is a PSU under the Government of India.
Q4. Are increments given every year?
Yes, LIC Assistants receive structured annual increments.
Q5. What is the annual salary package of LIC Assistant?
The annual package ranges between ₹6.5–7 lakhs.
