Life Insurance Corporation

(Notification) Recruitment of 5066 ADO (Apprentice Development Officer) at LIC - 2015

1. LIC Central Zone Vacancy Details:

2. LIC Eastern Zone Vacancy Details:

3. LIC East Central Zone Vacancy Details:

4. North Zone Vacancy Details:

5. LIC North Central Zone Vacancy Details:

6. LIC Southern Zone Vacancy Details:

7. LIC South Central Zone Vacancy Details:

8. LIC Western Zone Vacancy Details:

REMUNERATION:

During the apprentice period, the candidate selected as Apprentice Development Officer will be paid a fixed amount as stipend per month as per rules of the Corporation. At present the amount of stipend is about Rs.23836/- per month, except in case of candidates selected from LIC Employees category.

On appointment as a Probationary Development Officer, basic pay of Rs.11535/- per month (except for Employee Category candidates) in the scale of 11535-700(2)-12935 - 825(2) -14585 -840(17)-28865 (Under Revision) and other admissible allowances as per rules shall be payable. Total emoluments will be approximately Rs.26736/-. Other benefits include Gratuity, Defined Contributory Pension Scheme, LTC, Medical Benefit,
Group Savings Linked Insurance (GSLI), Group Personal Accident Insurance, vehicle advance (2-wheeler/4-wheeler) as per rules and on confirmation in service, attractive performance linked Incentives.

Qualifications:

i) For Employees category and Agents category in both Urban and Rural area- Applicant shall possess the Bachelor’s Degree of a University in India established under a statute or a foreign university approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.

ii) An applicant from Others category for recruitment as an Apprentice Development Officer in both Urban and Rural area shall possess the Bachelor’s Degree of a University in India established under a statute or a foreign university approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.

Preference may be given to those applicants who possess Masters Degree in Business Administration in Marketing or Post Graduate Diploma in Marketing from a University in India established under Statute or by an Institute approved by All India Council for Technical Education or a recognized Institution.

Age Limit:

SELECTION PROCEDURE:

Selection will be made on the basis of on-line test followed by an Interview of candidates who qualify in the on-line test.

On-line Test:

1. On-line test will be of objective type, multiple choice of two hours duration comprising of the following three papers:

Candidate MUST pass in each paper separately and should also obtain minimum marks in the aggregate of the three papers to qualify for the interview. The minimum marks to be obtained in each paper and in the aggregate shall be decided by LIC of India. The marks obtained by the candidate in each paper and in the aggregate shall be arrived at after deduction of the marks for wrong answers. The Corporation reserves
the right to fix the minimum eligibility standard in order to restrict the number of candidates to be called for the On-line Test and/or Interview, commensurate with number of vacancies. Decision of the Corporation in this regard shall be final and binding on the candidates. No correspondence will be entertained in this regard.

Interview:

Successful candidate will be eligible to be called for an Interview.

Guarantee Bond:

Before joining as Apprentice Development Officer, 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 apprenticeship period) failing which he/she or his/her heirs, executors, administrators will be liable to pay liquidated damages of Rs. 25,000 (Rupees Twenty Five Thousand only) to the Corporation. The candidate will have to submit an Indemnity Bond of Rs. 25,000/- (Rupees Twenty Five Thousand only) duly stamped and executed by a Surety of sound financial standing and not related to the candidate. The stamp value of the Bond will be as applicable to the State in which the bond is executed.

JOB REQUIREMENT:

It is primarily a sales supervision job. The selected candidates will be required to recruit agents, train them properly, and help the recruited agents to sell life insurance to maximum number of persons. They will also be required to give prompt after sales service to policyholders. For this purpose considerable movements including tours covering the entire area allotted to them are involved.

Application Fee:

• For SC/ST Candidates Intimation Charges of Rs.50/- plus Transaction Charges
• Other than SC/ST Candidates Application Fees-cum-Intimation Charges of Rs.500/- plus Transaction Charges.

How to Apply:

Candidates are necessarily required to apply On-line through LIC’s website http://www.licindia.in/careers.htm under the heading “Careers”. No other means/mode of applications will be accepted. Applicants are first required to go to the LIC’s website www.licindia.in and click on the “Careers” to open the link “ON-LINE APPLICATION FOR LIC ADO’s RECRUITMENT EXAM 2015-16”. Thereafter, open the Recruitment Notification and take a print out of the entire Recruitment Notification.

TENTATIVE SCHEDULE OF EVENTS:

• Opening date of On-Line Registration of Application and On-line payment of Application Fees/Intimation Charges. 01.06.2015
• Last date of On-Line Registration of Application and On-line payment of Application Fees/Intimation Charges. 30.06.2015
• Download of Call letter for On-Line Examination 13.07.2015 onwards
• On-line test will be held at the following centres, tentatively on Sunday, 19th July, 2015 & Saturday, 25th July, 2015 and/or any other date

Courtesy: LIC