The Central Office of Life Insurance Corporation of India (LIC of India) published a detailed instructions for implementation of LIC Class-III and Class-IV employees on 19th April 2021 as per the amended revised rules 2021.
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What is the effective date of the revised pay scale for LIC employees?
The revised pay scale is effective from 1st August 2018 for LIC employees.
What are the revised rates of House Rent Allowance for LIC employees?
As per the revised rules 2021, the Class-III and Class-IV employee will get House Rent Allowance as 10%, 8% and 7% of basic pay according to their place of posting. And the maximum and minimum HRA: 1720 to 7840 (Above 45 Lakh Population Cities), 1475 to 6620 (Above 12 Lakh Population Cities), 1400 to 6370 (Other cities).
What is the current rate of Transport Allowance for LIC employees?
As per the revised rules 2021, the Class-III and Class-IV employee will get Transport Allowance is Rs. 680 per month with effect from 1st August 2017.