Lic Recruitment 2010: Financial Service Executives jobs, 36 vacancy in LIC
Wednesday, July 7, 2010
Life Insurance Corporation of India Recruitment 2010
Engagement of Financial Service Executives
Eligibility: BE/ B.Tech/ Diploma
Approximately 36 Financial Services Executives are proposed to be engaged by various Divisional Offices of Central Zone (M.P.& Chhattisgarh) on Contract basis for 3 years (renewable depending on the performance) under the jurisdiction of Zonal Office, Bhopal as per details below :
Approximately 36 Financial Services Executives are proposed to be engaged by various Divisional Offices of Central Zone (M.P.& Chhattisgarh) on Contract basis for 3 years (renewable depending on the performance) under the jurisdiction of Zonal Office, Bhopal as per details below :
| Sr. No | Division | Gen | SC | ST | OBC | Total | |||
| Curr | Backlog | Curr | Backlog | Curr | Backlog | ||||
| 1 | Bhopal | 04 | 02 | Nil | 01 | Nil | 00 | Nil | 07 |
| 2 | Gwalior | 01 | 00 | Nil | 02 | Nil | 01 | Nil | 04 |
| 3 | Indore | 06 | Nil | Nil | 04 | Nil | 03 | Nil | 13 |
| 4 | Jabalpur | 02 | Nil | Nil | 02 | 01 | 00 | Nil | 05 |
| 5 | Raipur | 04 | 01 | Nil | 01 | Nil | 00 | Nil | 06 |
| 6 | Shahdol | 00 | 00 | Nil | 01 | Nil | 00 | Nil | 01 |
| Zone | 17 | 03 | Nil | 11 | 01 | 04 | Nil | 36 | |
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.
Eligibility Conditions:
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.
Pay Scale : 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.
Age Limit: 21 - 35 years of age as on 1st June, 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.
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.
Application Fee :
Demand Draft of Rs 100/- drawn in favour of LIC of India payable at Head quarters of Divisional Office which the candidates choose. No fee for SC/ST candidates. Candidate’s name and date of birth should be written on the reverse of the Demand Draft.
How to Apply:
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 concerned Divisional office Address : The Sr. Divisional Manager, LIC of India, Divisional Office _______.
Last Date for Receipt of Application is : 09.07.2010.
Click Here for More Details & Application Format