LIC DA New Slab / Rate for Employee & Pensioners


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LIC employees Dearness allowance rates updated with new LIC DA % | Find LIC DA slab allowed with new rate after pay revision applicable for each employee and pensioners working in Life Insurance Corporation…

The Central Government has brought a new revised pay for employees of LIC. with effect from 01.01.2017, the pay revision is a good bonus for every employee. There are multiple benefits that are going to be added to the employees based on their grades.

As per the new pay revision, there is a 15% fitment increase. Along with increasing the DA for every employee of LIC, there is also some special allowance that is going to be provided in this new PAY structure.

Let’s check the new LIC DA to be expected for working employee and pensioners as per the AICPIN number announced by GOI.

LIC DA New Slab Rate
LIC DA New Slab Rate

LIC DA Chart

FromCurrent DA %Total DA in %Net Slabs for this QuarterTotal Slabs

The special allowances will be for every employee which will be calculated based on their basic salary. In this term, INR 2700 crores will be the total amount that is going to be increased in salary distribution by LIC to its employees. The same DA rates are applicable General Insurance pay scale employees too.

Is DA different for everyone employed in LIC?

The Dearness allowance is based on the basic salary of the employee that they received as per their working grade. Thus the DA will not be similar to every employee as it is directly calculated with respect to the Basic salary which is being created.

What is Variable Dearness Allowance in Salary?

The variable dearness allowance is the actual new amount that is being added to the salary with respect to the consumer price index. The value of DA is variable and based on the CPI index value these variable DA is calculated. The excess DA amount provided to LIC employees is through Variable DA calculation.

LIC DA Calculation Formula

  1. Calculate the Average of AICPIN for 3 months
  2. Total CPI = Average AICPIN * 4.93*4.63
  3. Gross Slabs = Total CPI – 6352
  4. Net DA Slabs Payable = Gross Slabs / 4
  5. Net Increase of DA Slabs for this quarter = Net LIC Slab – Previous Paid LIC Slab.

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