- What is the date of LIC revised pay scale comes into effective?
As per the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), Government of India, Ministry of Finance (Department of Financial Services) notification at New Delhi dated 15th April 2021, the LIC revised pay scales comes into effect.
- LIC Salary after Wage Revision?
From 01.08.2017, the dearness allowance (DA) of LIC employee starts from 0, and the LIC salary after wage revision increase upto 15% fitment announced by GOI.
- Will LIC Salary structure differs for each cadre for Class III employees?
As per LIC pay revision 2021, all the class III employees except Higher Grade Assistant and Stenographer are migrated to one pay band which was effective from 01.01.2017, where in 2015, pay revision effective from 2012 the basic pay are different for some cadres like Assistants, Projectionists and others.
- From which date the arrears of LIC wage revision will pay?
With effect from 01.08.2017, the revised pay scales will be implemented for LIC employee and may pay the arrears as per new pay bands from the said date in this month or in the month of May.
- What are the special allowance paid for LIC employee in Pay revision 2021?
As per the conditions specified in Rule 4, an employee who passes the examination of the Insurance Institute of India shall be paid Special Allowance for officers as Rs. 650 for Licentiate Diploma, Rs. 2600 for Associateship Diploma, Rs.5200 for Fellowship Diploma, and for Class III and IV employees shall be paid at Rs.555, 1505, and 2575.
- What is the DA rate for LIC employee at the time of 2021 pay revision?
LIC employee shall be paid the dearness allowance at 0.08% on new pay bands or pay scales revised in 2021 effective from 01.08.2017 at Base: Index No.6352 in the series 1960 = 100.