Vacancy For Financial Service Executives In Life Insurance Corporation of India – Patna

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Life Insurance Corporation of India (LIC)

Financial Service Executives

Life Insurance Corporation of India

Address: Sr.Divisional Manager LIC of India, Division Office, “Jeevan Ganga Building ,4 , “Jeevan Ganga Building ,4n , ing ,4ththth Floor,Fraser Road Patna, Floor,Fraser Road Patna, Floor,Fraser Road

Postal Code: 800001

City Patna

State Bihar

Pay Scale: 1st Year Rs. 10000/-, 2nd Year 11300/- & 3rd Year 12700/-

Employment Type: Contract basis

Educational Requirements: Bachelor’s Degree of a University in India established under a statute.

Qualifications: Preference may be given to those applicants who possess the Bachelor Degree or Diploma in Marketing /Management.

Desired Skills: 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.

Details will be available at: http://www.licindia.in/pages/ECZ-FSE-Notification-2013-14.pdf

How To Apply: Candidates satisfying the conditions of eligibility as on 01.04.2013, shall submit their Application in the format shall be either hand-written in bold capitals or typewritten on foolscap size paper only. The Application should be properly signed. 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 divisional address.

Last Date: 23.09.2013

Age Limit: 21-35 Years

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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.
3. The selected candidates may be allotted anywhere during the period of engagement based on business
requirements.
4. 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.
5. A Financial Services Executive will be paid a fixed amount every month (1st Year Rs. 10000/-, 2nd
Year 11300/- & 3rd Year 12700/-) and incentives based on the yearly performance.
6. 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.
7. INTERVIEW: Candidates successful in the written test (if conducted) or eligible candidates will be called for an
Interview. The Corporation reserves the right to restrict the number of candidates to be called for written test and/or
interview commensurate with number of Financial Service Executives to be engaged and the decision of the
Corporation in this regard shall be final. No correspondence will be entertained in this regard. Selected candidates
will be engaged as Financial Services Executives subject to their being found medically fit by the Medical Examiner
authorized by the LIC for the purpose.
Note:
1. The choice of the examination center will be taken as the Divisional Office to which the candidate has
applied.
2. No change in the choice of examination centre will be entertained under any circumstances. The
Corporation reserves the right to add or delete any Centre or alter examination date at its discretion.
8. HOW TO APPLY
Candidates satisfying the conditions of eligibility as on 01.04.2013, 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:
1. Demand Draft of Rs 100/- drawn in favour of LIC of India Payable at Divisional Head Quarter towards
application fees.
2. Attested Photocopy of Caste Certificate in respect of SC/ST candidates.
3. Attested Photocopy of Qualification Certificate and Age Proof.
4. Attested Photocopy of Discharge Certificate in respect of Ex-servicemen.
The candidates are advised to keep ready with them the originals and a set of attested photocopies of each of the
certificates listed at item numbers 2, 3 & 4 above for verification at the time of Interview if they qualify in the
written test.
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