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OICL Assistant Salary: The Oriental Insurance Company Limited aims to fill 500 vacancies for the appointment of Assistants in the Class III cadre. It is a golden chance for graduates looking for a stable career path and a decent salary. The selection journey includes three steps such as Preliminary, Mains, and Regional Language Test. The pay scale of the OICL Assistant post will range between Rs. 22405 to Rs. 62265. The overall monthly remuneration (Pre-revision) will be around Rs 40000 per month at the entry level. Those who are willing to apply for this designation should also check its job responsibilities to avoid dissatisfaction later on. Continue reading to learn more about the OICL Assistant salary and job profile on this page.
OICL Assistant Salary 2025
Interested candidates should be familiar with the OICL Assistant salary and job profile before applying. It helps them ascertain whether the role aligns with their financial expectations and career goals. The starting basic pay of this role is Rs 22405 per month. Along with attractive basic pay, the selected candidates will also enjoy various allowances based on the place of posting. Therefore, candidates should excel in all the selection rounds in order to get appointed for the notified post.
Basic Pay & Pay Scale
The starting basic pay for an OICL Assistant is approximately ₹32,150 per month.
This falls within the Level 6 of the 7th Pay Commission Pay Matrix—typically ₹31,500 to ₹63,000 range.
Common Allowances You’ll Get
As in most PSU roles, you can expect the following allowances, which together make up a significant part of your monthly salary:
Dearness Allowance (DA): ~40%–45% of basic pay
House Rent Allowance (HRA):
Metro cities: ~27%
Class A/B cities: ~18%
Rural: ~9%
City Compensatory Allowance (CCA): ₹100–2,600 depending on city classification
Transport Allowance (TA): ₹1,600–3,600 depending on location
Special Allowance / Miscellaneous: ₹500–1,000
Estimated In-Hand Salary (City Wise Estimate)
| City Type | Basic Pay | DA (45%) | HRA | CCA | TA | In-Hand Approx. |
|---|---|---|---|---|---|---|
| Metro | ₹32,150 | ₹14,467 | ₹8,685 | ₹2,600 | ₹3,600 | ₹61,502 |
| Class A/B City | ₹32,150 | ₹14,467 | ₹5,787 | ₹1,700 | ₹2,600 | ₹56,704 |
| Rural/Other | ₹32,150 | ₹14,467 | ₹2,893 | ₹100 | ₹1,600 | ₹51,210 |
Additional Benefits
Beyond your monthly salary, OICL Assistants often enjoy:
Provident Fund (PF) contributions
Gratuity as per rules
Medical insurance for self and dependents
Leaves: Casual, Earned, Maternity/Paternity, etc.
Travel reimbursement on official duty
FAQ – OICL Assistant Salary Details
Depending on city, it ranges:
Metro: ~₹61,500
Class A/B: ~₹56,700
Rural: ~₹51,200
Includes DA, HRA, CCA, TA, and Special Allowance.
Yes—PF, gratuity, medical cover, and official leave and travel perks.
