Life Insurance Corporation

Recruitment For the Post of 200 Assistant Administrative Officer (Generalist/Chartered Accountant), LIC India

Life Insurance Corporation of India invites Online Applications from eligible Indian Citizens for appointment to the following posts of Assistant Administrative Officer (Generalist/Chartered Accountant). Candidates are requested to apply On-Line only. No other means/mode of application will be accepted.

Job Details:

1. Assistant Administrative Officer (Generalists) – For Jammu & Kashmir State: 40
2. Assistant Administrative Officer (Generalists) – For North Eastern Region: 60
3. Assistant Administrative Officer (Chartered Accountant)- For All India: 100

Emoluments and Benefits:

Basic pay of Rs. 17240 /- per month in the scale of Rs. 17240- 840(14) –29000– 910(4) – 32640 (Under Revision) and other admissible allowances as per rules. Total emoluments at the minimum of the scale inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the  city will be approximately Rs 38,512/- per month in ‘A’ Class city. Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Medical Benefit, Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4 wheeler) as per rules.

Educational Qualification:

• AAO (Generalist): Bachelor/Master’s Degree from a recognized Indian University/ Institution

• AAO (Chartered Accountant): An Associate Member of the Institute of Chartered Accountants of India

Age Limit:

Minimum Age shall be 21 years (completed) as on 1st January, 2015. Maximum age shall not be more than 30 years( candidates must have been born not earlier than 02/01/1985 and not later than 01/01/1994 both days inclusive only are eligible )

APPLICATION FEES/ INTIMATION CHARGES (NON REFUNDABLE):

• SC/ST/PWD Candidates : Rs. 50/-

• For all other candidates : Rs. 500/-

Bank Transaction charges for Online Payment of application fees/intimation charges will have to be borne by the candidate.

Service Conditions:

Service Conditions are as applicable in the Corporation from time to time. The advertised posts are regular and selected candidates, on appointment, are liable to be posted or subsequently transferred anywhere in India. The candidates selected for North Eastern Region and Jammu & Kashmir State will be posted in that region only. The minimum stay in the Region for newly appointed candidate will be 5 years. No request for transfer from the region will be considered before the completion of 5 years. However the Corporation has the authority to post or transfer the candidates anywhere in India. North Eastern Region comprises of the states Arunachal Pradesh, Assam,  Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura

Probation:

• One year, extendable up to 2 years.

Guarantee Bond:

Before joining as a Probationer, candidates will be required to give an undertaking to serve the Corporation for a minimum period of four years from the date of joining (including probationary period) failing which, he/she or his /her heirs, executors, administrators will be liable to pay liquidated damages of `200,000/-only (Rupees Two Lakhs only) The candidate will have to submit Deed of Indemnity at his cost, duly stamped, the stamp value of which will be as applicable to the State in which the deed is executed by the candidate.

Selection Procedure :

Selection will be made on the basis of performance in the on-line test followed by a personal interview of short listed candidates and subsequent Pre-Recruitment Medical Examination.

The examination will be conducted online in venues given in the respective call letters. No request for change of centre/venue/date/session for Examination shall be entertained.

LIC, however, reserves the right to cancel any of the Examination Centres and/ or add some other Centres, at its discretion, depending upon the response, administrative feasibility, etc.

LIC also reserves the right to allot the candidate to any centre other than the one he/she has opted for.

Candidate will appear for the examination at an Examination Centre at his/her own risks and expenses and LIC will not be responsible for any injury or losses etc. of any nature. Candidate should select only one centre and indicate the name of the centre in the application form. Choice of centre once exercised by the candidate will be final. If sufficient number of candidates does not opt for a particular centre for "Online" examination, LIC reserves the right to allot any other adjunct centre to those candidates OR if the number of candidates is more than the capacity available for online exam for a centre, LIC reserves the right to allot any other centre to the candidate..

Candidates will be informed accordingly in case of any change in the date /centre/venue of examination by e-mail and SMS.

On-line Test Syllabus:

On-line test will be of objective type, multiple choices of 120 minutes (2 hrs) duration comprising of the following:

Online Test for AAO (Generalist)

Online Test for AAO (Chartered Accountant):

Penalty for Wrong Answers

There will be a penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth (1/4) of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question. The marks obtained by the candidate in each Section and in the aggregate shall be arrived at after deduction of the marks for wrong answers.

How to Apply:

Candidates can apply online only from 05.01.2015 to 22.01.2015 and no other mode of application will be accepted.

Candidates satisfying the conditions of eligibility as on 01.01.2015 are required to go to the LIC’s website www.licindia.in and click on the ‘Careers’ to open the link “ Recruitment of AAO(Gen) & AAO(CA) 2015”. It redirects the candidates to the online registration page.

Important Dates:

• Start date for Online Registration of Applications and Online Payment of Application Fee/ Intimation Charges 05.01.2015

• Last date for Online Registration & Online Payment of Application Fee/Intimation Charges 22.01.2015

• Download of Call Letter for Examination 2nd week of February 2015

• Date of Online Examination (Tentative) 20th February 2015

Courtesy: LIC