Hello my dear friends. You must have heard about LIC. The life insurance of India It is a household name and everyone knows it since their childhood because this is only Insurance agency which has a long history behind its present stature.
Life insurance in India made its debut well over 100 years ago. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies.
However, later with the efforts of eminent people like Babu Muttylal Seal, the life insurance companies started insuring Indian lives.
Later, Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost. LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office in the year 1956.
From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to take this message of protection to light the lamps of security in as many homes as possible and to help the people in providing security to their families.
Well ,LIC has announced new Jobs for About 107 Financial Services Executives(FSE) to be engaged by various Offices of the Corporation on Contract basis for 3 years under the jurisdiction of Zonal Office, Hyderabad comprising of the following 17 cities;
1 . Bangalore-2. Bangalore-3. Belgaum 4 . Dharwad 5 . Cuddapah 6 . Hyderabad 7 . Karimnagar
8 .Machilipatnam 9. Mysore 10. Nellore 11 .Raichur 12 .Rajahmundry 13 .Secunderabad 14 .Shimoga
15 Udupi 16 .Visakhapatnam 17 .Warangal
The educational qualification required for such post are; That 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 working knowledge of English and one Regional language preferably local language is desirable. Knowledge of soft skills such as Power Point / Word / Excel would be additional advantage to achieve the positions of FSE.
Age Requirement: (I) The applicant shall have completed 21 years of age and not more than 35 years of age as on 1 St August, 2013.
(ii) The upper age limit as on 01.08.2013 of an applicant belonging to a group given below shall
not exceed the age mentioned below:-
(1) Member of a Scheduled Caste or a Scheduled Tribe 40 Years
(2) Member of OBCs (other than those in creamy layer). 38 Years
(3) Ex-serviceman 35, increased by the number of years of service in the armed forces subject
to maximum age of 45 years where he is a member of OBCs and 47 years where he is a
member of SC or ST and Maximum of 42 years in Other than SC,ST,OBC Cases.
The selection may begin with the written test for the shortlist candidates. Candidates successful in the written test (if conducted) or eligible candidates will be called for an Interview. 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.
The selected FSE’s shall be directly responsible for Getting New Business, Providing Policy Servicing and related jobs from the bank branches / other outlets allotted to them.Yes, off course before they are put on active duty ,They will undergo Theoretical Training to obtain a license to get Life Insurance Business. After getting the license, if the candidate is found suitable for selection in accordance with the scheme, may be engaged as a Financial Service Executive on Contract basis subject to conditions framed by the Corporation. Candidates already having licence are not eligible for FSE.
A selected Financial Services Executive will be paid a fixed amount, every month and incentives based on the yearly performance.
For all eligible candidates (other than SC/ST category): Rs100/-The Application Fee shall be paid by Demand Draft only (valid for six months), favoring “Life Insurance Corporation of India” and payable at Head Quarters of the Divisional Office which the candidate chooses. 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 31st August, 2013. Application Forms completed in all respects with enclosures should be
posted in a closed cover with the superscription on the cover “Engagement of Financial Services
Executives, _________ Division” to the following addressee.
For details click;http://www.licindia.in/careers.htm
