Engagement of Financial Services Executives, LIC South Central Zone

Approximately 58 Financial Services Executives are proposed to be engaged by various Offices of the Corporation on Contract basis for 3 years under the jurisdiction of Zonal Office, Hyderabad.

Financial Service Executives (FSE)

• Number Of Post : 58
• Job Requirement : It is primarily a Marketing job. The FSE’s shall be directly responsible for Procuring New Business,Providing Policy Servicing and related jobs from the bank branches / other outlets allotted to them. They shall also carry out any other instructions given to them from time to time. For this purpose considerable movements including tours covering entire area allotted to them are involved.
• Age : (i) The applicant shall have completed 21 years of age and not more than 35 years of age as on 1st January, 2013.
  (ii) Member of a Scheduled Caste or a Scheduled Tribe - 40 years
  Member of OBCs (other than those in creamy layer) - 38 years
  (iii) Ex-serviceman - 35 years, increased by the number of years of service in the armed forces subject to maximum age of 45 years where he is a member of OBCs and 47 years where he is a member of SC or ST and Maximum of 42 years in Other than SC,ST,OBC Cases.
• Educational Qualification : Applicant shall possess the Bachelor’s Degree of a University in India established under a statute.Preference may be given to those applicants who possess the Bachelor Degree or Diploma in Marketing/Management. Good working knowledge of English and also one Regional language preferably local language is desirable. Knowledge of soft skills such as Power Point / Word / Excel would be additional advantage.

Selection Procedure

• Selection will be made on the basis of a written test if necessary, followed by an Interview of candidates who qualify in the written test. Written Test will be of Objective Type covering Test of Reasoning, Numerical Ability and General Knowledge. The date and venue of the written test, if to be conducted, will be communicated to the eligible candidates individually.
• The selected candidates may be allotted anywhere during the period of engagement based on business requirements.
• The selected candidate will have to undergo Theoretical Training, pass an examination conducted by the IRDA and obtain a license to procure Life Insurance Business. After procuring the license, if the candidate is found suitable for selection in accordance with the scheme, may be engaged as a Financial Services Executive on Contract basis subject to conditions framed by the Corporation.
• A Financial Services Executive will be paid a fixed amount every month and incentives based on the yearly performance. It is clarified that selection as a Financial Services Executive does not confer any right on the candidate to be appointed as a Permanent employee in the Corporation.

Application Fee

For all candidates (other than SC/ST category): Rs100/-The Application Fee shall be paid by Demand Draft only (valid for six months), favouring “Life Insurance Corporation of India” and payable at Head Quarters of the Divisional Office which the candidate chooses. Candidate’s name and date of birth should be written on the reverse of the Demand Draft.

How to Apply:

Candidates satisfying the conditions of eligibility as on 1st January, 2013 , shall submit their Application in the format given below which shall be either hand-written in bold capitals or typewritten on foolscap size paper only. The Application should be properly signed. The following shall accompany the Application

• Demand Draft of Rs 100/- drawn in favour of LIC of India payable at Head quarters of Divisional Office
  which the candidate chooses, towards application fees.
• Attested Photocopy of Caste Certificate in respect of SC/ST/OBC candidates.
• Attested Photocopy of Qualification Certificate and Age Proof.
• Attested Photocopy of Discharge Certificate in respect of Ex-servicemen

Last date for receipt of Application Form together with Demand Draft towards application fees will be 2nd February, 2013. Application Form completed in all respects with enclosures should be posted in a closed cover with a superscription on the cover “Engagement of Financial Services Executives, _________ Division” to the respective divisional office.

Last Date: 02 Feb 2013

Courtesy : Life Insurance Corporation of India