LIC Northern Zone Recruitment Financial Service Executives FSE Jobs Vacancy

LIFE INSURANCE CORPORATION OF INDIA.

Northern Zonal Office, New Delhi.

Engagement of Financial Service Executives

Approximately 101 Financial Services Executives are proposed to be engaged by various Offices of the Corporation on Contract basis for 3 years under the jurisdiction of Northern Zonal Office, New Delhi

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.

Eligibilty Conditions:

a) 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 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.

b) Age: (i) The applicant shall have completed 21 years of age and not more than 35 years of age as on 01.06.2010.

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.

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.

HOW TO APPLY

Candidates satisfying the conditions of eligibility as on 1st June 2010, 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 Office Headquarters) towards application fees.

2. Attested Photocopy of Caste Certificate in respect of SC/ST/OBC 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.

Application Fee (Non-Refundable):

For all candidates (other than SC/ST category): Rs.100. The Application Fee shall be paid by Demand Draft only (valid for six months), favouring “Life Insurance Corporation of India” and payable at the Divisional Headquarter (where the candidate wishes to apply & send his application)….. Candidate’s name and date of birth should be written on the reverse of the Demand Draft.

Last date for receipt of Application Form together with Demand Draft towards application fees will be 21.06.2010.

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, (Name of Division) Division,

The Sr. Divisional Manager,

LIC of India,

For complete details visit:

http://www.licindia.in/careers_pop10.html

About LIC

The Life Insurance Corporation of India (LIC) is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 9.31 trillion (US$206.68 billion). It was founded in 1956 with the merger of more than 200 insurance companies and provident societies.

Headquartered in Mumbai, financial and commercial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 101 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India along with satellite Offices attached to about some 50 Branches, and has a network of around 1.2 million agents for soliciting life insurance business from the public.

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