Life Insurance Corporation of India
South Central Zonal Office, Hyderabad.
LIFE INSURANCE CORPORATION OF INDIA RECRUITMENT OF APPRENTICE DEVELOPMENT OFFICERS
On-line Applications are invited from eligible candidates who must be Indian Citizens for selection and appointment as Apprentice Development Officers in the jurisdiction of the various Divisional Offices under South Central Zonal Office, Hyderabad.
Apprentice Development Officers (Total posts 699)
Name of the Divisional Office
KADAPA 66
HYDERABAD 53
KARIMNAGAR 15
MACHILIPATNAM 49
NELLORE 45
RAJAHMUNDRY 41
SECUNDERABAD 51
VISAKHAPATANAM 41
WARANGAL 11
BENGALURU I 67
BENGALURU II 65
BELGAUM 34
DHARWAD 34
MYSORE 39
RAICHUR 37
SHIMOGA 22
UDUPI 29
HYDERABAD 53
KARIMNAGAR 15
MACHILIPATNAM 49
NELLORE 45
RAJAHMUNDRY 41
SECUNDERABAD 51
VISAKHAPATANAM 41
WARANGAL 11
BENGALURU I 67
BENGALURU II 65
BELGAUM 34
DHARWAD 34
MYSORE 39
RAICHUR 37
SHIMOGA 22
UDUPI 29
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.
Age : The applicant shall have completed 21 years of age (in completed years) and not more than 30 years of age (in completed years) as on 01.06.2015 i.e candidates must have been born not earlier than 02.06.1985 and not later than 01.06.1994 (both days inclusive) as on 01.06.2015.
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.
Experience: The applicant should have the requisite experience as on 01.06.2015 as indicated below:-
1). LIC Employees
For Recruitment in Urban Area/Rural Area : Not less than 3 years of service after confirmation in Class III post
2). LIC agents
For Recruitment in Urban Area : Not less than 5 years as an agent and has brought a net First Year Premium Income of not less than Rs. 5,00,000/- during the immediately preceding 5 agency years and a net First Year Premium Income of not less than Rs. 1,00,000/- on 50 lives in each of any 3 of these agency years.
For Recruitment in Rural Area : Not less than 4 years as an agent and has brought a net First Year Premium Income of not less than Rs. 1,00,000/- on 50 lives per year in any 3 of the immediately preceding 4 agency years.
3). Other :
For Recruitment in Urban Area/Rural Area : Preference would be given to candidates who have at least 2 years experience in life insurance industry.
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.
PAYMENT OF FEES Candidate will have to make the payment of Application Fees/Intimation Charges (Nonrefundable) through On-line mode only as under:
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.
Important Dates :
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.
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