Life Insurance Corporation of India (LIC)
Patna
Job Recruitment By Life Insurance Corporation of India (LIC) at patna 2010
Approximately 150 Direct sales Executives are proposed to be engaged by various offices of the Corporation purely on contract basis for 3 years under the jurisdiction of East Central Zonal office. The number of engagements may be changed during the selection process depending on the requirements of the office.
Age: Min 21 year & Max 35 years of age as on 01.06.2010(cutoff date)
Remuneration:
Direct Sales Executives, on engagement will be paid monthly remuneration, which will be entirely performance based. An amount of Rs.25000/per month will be payable on achieving the business parameters, as prescribed in the Scheme. However, the same can be higher or lower, depending upon the business performance. There is no upper limit to earn the remuneration based on performance.
Job Requirement:
It is primarily a Marketing job. The DSEs shall be directly responsible for procuring New Business, Providing Policy Servicing and related jobs from the areas 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.
Qualification:
Applicant shall possess the Bachelor’s Degree of a university in India established in India under a statute. Preference may be given to those applicants who possess the Bachelor’s Degree or Diploma in Marketing / Management. Good working 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.
Application Fee:
For all candidates (other than SC/ST category):Rs.100/(Rs.One Hundred only) .The application fee shall be paid by demand draft only (valid for six months) favoring “Life Insurance Corporation of India” and payable at (……Divisional Headquarters…….) ** Candidate’s name and date of birth should be written on the reverse of the Demand Draft.
Selection Procedure:
a) 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 Sales aptitude. Test of Reasoning, Numerical ability and General Knowledge. The date and venue of written test, it to be conducted, will be communicated to the eligible candidates individually and also posted on the website. Candidates are advised to check the site for this purpose.
b) 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 Direct Sales Executives to be engaged and the decision of the Corporation in this regard shall be the final. No correspondence will be entertained in this regard.
c) The selected candidates subject to their being found medically fit by the Medical Examiner authorized by LIC for the purpose will have to undergo Theoretical training and pass IRDA licensing test for obtaining a license to procure Life Insurance Business within a maximum period of three months in maximum three attempts, following which he may be engaged as an apprentice Direct Sales Executive.
d) As an apprenticeship DSE, the candidate shall have to undergo insurance related training and pass a test on the same. The apprentice DSE shall be paid a fixed onetime stipend of Rs. 5000/as per the rules of the Scheme.
e) On successful completion of the apprenticeship and passing the test, the candidate shall be engaged as a Direct Sales Executive purely on contract basis subject to the conditions framed by the Corporation.
f) The selected candidates will be allotted specific area of operation during the period of engagement based on the Business requirements.
g) It is clarified that selection as a Direct Sales Executive does not confer any right on the candidate to be appointed as an employee in the Corporation.
Link For Addresses of Submission of Application Forms: http://www.licindia.in/pages/ECZ_Notification.pdf
Link To Download Application Form: http://www.licindia.in/pages/ECZ_Notification.pdf
How To Apply:
Candidates satisfying the conditions of eligibility as on the cutoff date shall submit their application to the concerned Divisional Office in the format given below which shall be either handwritten 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 towards Application fees (applicable to all candidates other than SC/ST category)
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 Exservicemen.
5. Evidence of marketing experience. 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 and 5 above for verification at the time of Interview if they qualify for the same. Application form completed in all respects with enclosures should be posted in a closed cover with a superscription on the cover “Application for Engagement of Direct Sales Executives,_________Division” to the following addresses.
Last Date To Apply: 21.6.2010
Notes:
a) Candidate should ascertain, before applying, that they satisfy all the eligibility conditions as stipulated in the notification. Candidates who do not satisfy the eligibility conditions are liable to disqualified at any stage of selection without further reference to them.
b) Corporation takes no responsibility for any delay in receiving the Application Form or loss in postal transit.
c) Application Forms not in prescribed Format or incomplete/unsigned or received without the demand Draft for the application fee (wherever applicable) or Caste Certificate in case of SC/ST/OBC applicants ,shall not be considered and are liable to be rejected.
d) Application Fees once paid will not be refunded under any circumstances nor will it be held in reserve for future engagement. The eligible candidates will be intimated separately about the exact date and venue of the written test/Interview.
e) Decision of the Corporation in all matters regarding eligibility, conduct of examination, other tests, Interview, selection 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 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.
Contact Address:
Life Insurance Corporation of India (LIC)
Patna
