Engagement of Financial Services Executives - LIC

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.

1. Eligibilty Conditions: 


a) 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 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.


b) Age:


(i) The applicant shall have completed 21 years of age and not more than 35 years of age as on
 01-11-2011.


2.  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.
3. The selected candidates may be allotted anywhere during the period of engagement based on business
requirements.
4. 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.
5. A Financial Services Executive will be paid a fixed amount every month and incentives 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.
7. 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 Services 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.
Note:
1. The choice of the examination center will be taken as the Divisional Office Head Quarters 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 examination date at its
discretion. 3

8.  HOW TO APPLY
Candidates satisfying the conditions of eligibility as on n  01-11-2011 shall submit their Application in the
format given below which shall be either hand-written 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 of Rs 100/- drawn in favour of LIC of India payable at Divisional Headquarters
towards application fees.
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 Ex-servicemen.
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 above for verification at the time of Interview if they
qualify in the written test.

9. Application Fee (Non-Refundable):
For all candidates (other than SC/ST category): Rs100/- The Application Fee shall be paid by Demand
Draft only (valid for six months), favouring “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.
   Last date for receipt of Application Form together with Demand Draft towards application fees
will be  18.11.2011. 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 following address:
TheSenior Divisional Manager,
LIC of India,
Divisional Office,
---------------------------------
------------------------------  ( Address as applicable)
Note: Please DO NOT forward the applications to Zonal Office

             
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