Salary of Clerk and Substaff of PSU Insurance: The Government of India has increased the salary of clerk and substaff of Public sector general insurance companies. The new and revised salary structure and allowances are given below:
New Basic Pay of Supervisory and Clerical Staff
(1) Senior Assistant
Rs. 50815-3640(4)-65375-4050(15)-126125
(2) Stenographer
Rs. 50815-3640(4)-65375-4050(15)-126125
(3) Assistant, Typist, Telephone Operator, Telex Operator, Receptionist, Punch Card Operator, Unit Record Machine Operator, Comptist and other equivalent posts
Rs. 36290-2115(1)-38405-2310(2)-43025-2600(5)-56025-3005(2)-62035-3660(3)-73015-3800(2)-80615-4050(5)-100865
(4) Record Clerk
Rs. 33670-1460(2)-36590-1565(5)-44415-1670(1)-46085-1875(2)-49835-2065(3)-56030-2300(5)-67530-2560(9)-90570
New Basic Pay of Subordinate Staff
(1) Driver
Rs. 33670-1460(2)-36590-1515(14)-57800-1670(2)-61140-1880(9)-78060
(2) Other Subordinate Staff
Rs. 29320-1200(5)-35320-1275(8)-45520-1515(1)-47035-1570(2)-50175-1880(9)-67095
Also Read: Basic Pay of PSU Insurance Officers hiked to Rs 82485, Check New Basic Pay and Allowance of Officers
Functional Allowances
| 1. | Subordinate Staff engaged in either as Key Holder or for carrying cash to or from Bank, as his regular and main function, where the amount of cash carried during a calendar month is ordinarily Rs. 25,000/- or more. | Rs.1650/- per month |
| 2. | Other Subordinate Staff working as Liftmen, Machine Operators, Head Peons, Jamadars, Daftaries, AC Plant Operators and Heavy Vehicle Drivers, who were assigned these functions before 1st day of January, 2006. | Rs. 165/-per month |
| 3. | Assistant or Senior Assistant, in the event of non-availability of Assistant engaged in handling cash in an office, as his regular and main function, where the amount of cash transactions during a calendar month is ordinarily Rs. 25,000/- or more. | Rs.3450/- per month |
| 4. | Telex Operators, Punch Card Operators, Unit Record Machine Operators and Comptists, who were assigned these functions before 1st day of January, 2006. | Rs. 60/- permonth |
| 5. | Stenographer to Chairman-cum-Managing Director, Executive Directors, Scale VII, Scale VI and equivalent positions. | Rs. 75/-per month |
Allowances for Technical Qualifications
| Serial number | Examination | Allowance for technical qualification (permonth) |
| (1) | (2) | (3) |
| 1. | Insurance Institute of India or Chartered Insurance Institute: On completion of: Licentiate Associateship Fellowship | Rs.915/- Rs.2485/- Rs.4245/- |
| 2. | Institute of Actuaries: On passing each subject | Rs.915/- |
| 3. | Institute of Chartered Accountants or Institute of Cost and Works Accountant: On completion of: Intermediate Examination Final Group A or Group B Final Group A and Group B | Rs.1780/- Rs.3045/- Rs.4245/- |
| 4. | On completion of Master of Business Administration from a recognised University or institution (All India Council for Technical Education approved course) | Rs.4245/-: |
Also Read: Basic Pay of PSU Insurance Officers hiked to Rs 82485, Check New Basic Pay and Allowance of Officers
Graduation Allowance
| Serial number | Stage | Graduation Allowance per month with effect from 1st August, 2022 |
| (1) | (2) | (3) |
| 1. | One year after reaching the maximum of the scale | Rs.1370/- |
| 2. | Two years after reaching the maximum of the scale | Rs.2680/- |
Graduation Allowance to Record Clerks – An employee in the scale of Record Clerk who has qualified as Graduate from a recognised University before the 1st day of August, 2007 shall be paid Graduation Allowance of Rs. 1245/- per month with effect from the date of publication of results of the examination or from the date of promotion as Record Clerk or the first day of August, 2022, whichever is later.
House Rent Allowance
| Serial number | Place of posting | Rate per month |
| (1) | (2) | (3) |
| 1. | Cities of Mumbai, Navi Mumbai, Kolkata, New Delhi, Chennai, Ahmedabad, Bengaluru, Hyderabad, Pune, Faridabad, Ghaziabad, Noida and Gurgaon. | Ten per cent. of pay, subject to maximum of Rs.13,000/- per month. |
| 2. | Cities with population exceeding twelve lacs, except cities mentioned at serial number 1, and all cities in the State of Goa. | Eight per cent. of pay, subject to minimum of Rs.2,500/- and maximum of Rs.11,000/- per month. |
| 3. | All other places. | Seven per cent. of pay, subject tominimum of Rs.2,400/- and maximum of Rs.10,500/- per month. |
Also Read: Basic Pay of PSU Insurance Officers hiked to Rs 82485, Check New Basic Pay and Allowance of Officers
City Compensatory Allowance
| Serial number | Place of posting | Rate per month |
| (1) | (2) | (3) |
| 1. | Metro Cities: Mumbai, Navi Mumbai, Kolkata, New Delhi, Chennai, Ahmedabad, Bengaluru, Hyderabad, Pune, Faridabad, Ghaziabad, Noida and Gurgaon. | Three per cent. of pay, subject to maximum of Rs.2600/- per month. |
| 2. | A Class: Cities with population exceeding twelve lacs, except cities mentioned at serial number 1, and all cities in the State of Goa. | 2.5 per cent. of pay, subject to maximum of Rs.2500/- per month. |
| 3. | B Class: Cities with population of five lacs and above but not exceeding twelve lacs, State capitals with population not exceeding twelve lacs, Chandigarh, Mohali, Panchkula, Pondicherry and Port Blair. | Two per cent. of pay, subject to maximum of Rs.2100/- per month. |
| 4. | C Class: All other cities. | Nil |
Hill Station Allowance
| Serial number | Place of posting | Rate per month |
| (1) | (2) | (3) |
| 1. | Posted at places situated at a height of 1500 metres and over above mean sea level. | 2.5 per cent. of Basic Salary subject to maximum of Rs.1650/- per month. |
| 2. | Posted at places situated at a height of 1000 metres and over, but less than 1500 metres above mean sea level, at Mercara and at places which are specifically declared as Hill Stationsby the Central or State Governments for their employees. | Two per cent. of Basic Salary subject to maximum of Rs.1305/- per month. |
| 3. | Posted at places situated at a height of not less than 750 meters above mean sea level which are surrounded by andaccessible only through hills with a height of 1000 metres and over above mean sea level | Two per cent. of Basic Salary subject to a maximum of Rs. 1305/- per month. |
Also Read: Basic Pay of PSU Insurance Officers hiked to Rs 82485, Check New Basic Pay and Allowance of Officers
Kit Allowance
With effect from the 1st day of the month following the date of commencement of the General Insurance (Rationalisation and Revision of Pay Scales and other Conditions of Service of Supervisory, Clerical and Subordinate Staff) Amendment Scheme, 2026, employees transferred to any of the hill stations listed in item VIII shall be paid a Kit Allowance of Rs.3700/-. The Kit Allowance shall not be payable on transfer from one hill station to another if the same was drawn at any time during the preceding three years.
Fixed Personal Allowance
| Serial number | Employees in the Scale of Pay (as on the 1st November, 1993) | Revised Fixed Personal Allowance(FPA) |
| (1) | (2) | (3) |
| 1. | Senior Assistant | Rs. 4050 |
| 2. | Stenographer | Rs. 4050 |
| 3. | Assistant, etc. | Rs. 4050 |
| 4. | Record Clerk | Rs. 2560 |
| 5. | Driver | Rs. 1880 |
| 6. | Other Subordinate Staff | Rs. 1880 |
Transport Allowance
With effect from the 1st day of August, 2022, every confirmed employee shall be paid Transport Allowance at the rate of Rs. 1200/- per month.
Paradeep Port Allowance
With effect from the 1st day of the month following the date of commencement of the General Insurance (Rationalisation and Revision of Pay Scales and other Conditions of Service of Supervisory, Clerical and Subordinate Staff) Amendment Scheme, 2026, or date of appointment, whichever is later, every confirmed employee posted in the office of the Company in Paradeep Port shall be paid an allowance of Rs. 440/- per month so long as he is posted in that office. This allowance shall not be treated as basic salary for any purpose.”.
Also Read: Basic Pay of PSU Insurance Officers hiked to Rs 82485, Check New Basic Pay and Allowance of Officers
