Life Insurance Corporation Of India Recruits Graduates / Diploma (Marketing/Management) candidates in 2010
Engagement of Financial Services Executives.
Applications are invited for the post of Financial Services Executive to work in various offices of the Corporation , under the jurisdiction of Western Zonal Office, Mumbai , on a contract basis for 3 years , as per details given below:
Financial Services Executives
1. Amravati: 05
2. Aurangabad: 05
3. Bhavnagar: 05
4. Gandhinagar: 12
5. Goa: 05
6. Mumbai-Do I: 06
7. Mumbai-Do II: 10
7. Mumbai-Do III: 10
8. Mumbai-Do IV: 06
9. Nanded: 05
10. Nashik: 02
11. Satara: 09
12. Surat: 12
13. Thane: 10
Job Requirement:
It is primarily a Marketing job which entails touring the entire area allotted. The FSEs shall be directly responsible for procuring New Business, providing Policy Servicing and other jobs related to the Bank Branches and Outlets allotted to them. They shall also carry out various instructions given to them from time to time.
Eligibilty Conditions:
a) Qualification:
The Applicant shall posse ss a Bachelor’s Degree of a University in India established under a statute. Preference may be given to those applicants who possess a Bachelor Degree or Diploma in Marketing /Management. Good working knowledge of English and also one Regional language preferably the local language is desirable. Knowledge of soft skills such as Power Point / Word / Excel would be an additional advantage.
b) Age:
(i) The applicant shall have completed 21 years of age but not more than 35 years of age as on 1/12/2010.
(ii) The upper age limit as on 1/12/2010 (of an applicant belonging to a group given below ) shall not exceed the age mentioned below:-
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. The Written Test will be Objective Type covering Test of Reasoning , Numerical Ability and General Knowledge. The date and venue of the written test , if conducted will be communicated to the eligible candidates individually.
Posting:
The selected candidates may be posted anywhere during the period of engagement based on business requirements.
Training:
The selected candidates will have to undergo Theoretical Training, pass an examination conducted by the IRDA and obtain a licence to procure Life Insurance Business. After procuring the licence, the candidate if found suitable for selection in accordance with the scheme, may be engaged as a Financial Services Executive on Contract basis , subject to the conditions framed by the Corporation. A Financial Services Executive will be paid a fixed amount every month and the incentives will be 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.
Test / 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 the written test and/or interview commensurate with the number of Financial Services Executives to be engaged . The decision of the Corporation will be final and 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 the examination date .
How To Apply:
Candidates satisfying the conditions of eligibility as on 1/12/2010, shall submit their applications to the concerned Divisional Office of LIC of India , in the format given below which shall either be hand-written in bold capital letters or typewritten on foolscap size paper only. The Application should be properly signed and submitted with the following requirements:
1. Demand Draft of Rs 100/- towards application fees drawn in favour of LIC of India payable at the Divisional Head Quarter of the office where the application is submitted.
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. Candidates are advised to carry along with them the original and a set of attested photocopies of the certificates listed at item numbers 2,3 & 4 above, for verification at the time of the interview, if they qualify in the written test.
Application Fee (Non-Refundable):
For all candidates (other than SC/ST category) the application fee is 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 headquarters.Candidate’s name and date of birth should be written on the reverse of the Demand Draft.
General Instructions:
a) Before applying, Candidates should ascertain, that they satisfy all the eligibility conditions as stipulated in the notification. Candidates who do not satisfy the eligibility conditions are liable to be disqualified at any stage of selection.
b) Corporation takes no responsibility for any delay in receiving the Application Forms or loss of the form in postal transit.
c) Application Forms not in accordance with the prescribed Format or incomplete/unsigned forms received without the Demand Draft for Application fee wherever applicable or Caste Certificate in case of SC/ST applicants, shall not be considered and are liable to be
rejected.
d) Application fee once paid will not be refunded under any circumstances nor will it be held in reserve for future recruitment. The eligible candidates will be intimated separately about the exact date & venue of the examination.
e) Decision of the Corporation in all matters regarding eligibility, conduct of examinations and other tests, interviews, selection as FSE and allotment would be final and binding on all candidates. No representation or correspondence will be entertained by the Corporation in this regard.
f) In case more than one application is received from an applicant for the same Division and/or different Divisions and/or different Zones then, the first application received from the applicant as per entry made in the register maintained by the Corporation shall be treated as his only application and all the other applications shall be treated as invalid. In case of any doubt or dispute, the decision of the Zonal Manager shall be final and binding on the applicant.
Address:
Life Insurance Corporation Of India.
Western Zonal Office, Mumbai
Last Date To Apply: 3.1.2011
Advertisement Details: http://www.licindia.in/pages/Annexure1-notification_revised.pdf
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