LIFE INSURANCE CORPORATION OF INDIA.
WESTERN ZONAL OFFICE, MUMBAI.
Engagement of Financial Services Executives.
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.
1. Eligibility Conditions:
a) Qualification: The Applicant shall possess 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.
2. SELECTION PROCEDURE
Selection will be made on the basis of a written test if necessary, followed by an Interview ofcandidates 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.
3. POSTING:
The selected candidates may be posted anywhere during the period of engagement based on
business requirements.
4. TRAINING:
The selected candidates 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, 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.
5. A Financial Services Executive will be paid a fixed amount every month and the incentives will
be 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.
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
8. HOW TO APPLY:
Candidates satisfying the conditions of eligibility as on 01.09.2011, 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.
9. 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.
10. Last date for receipt of Application Forms together with the Demand Drafts and other
requirements will be 12/10/2011. The Application Forms completed in all respects together with
the enclosures should be sent to the respective Divisional Offices in a closed cover marked
“Engagement of Financial Services Executives, as per the details in Annexure – II.:
11. 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. 5
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.
g) CANVASSING IN ANY FORM WILL BE A DISQUALIFICATION.
FOR FURTHER COMPLETE DETAILS CLICK;
