The selection of the candidates of the Commission for the posts is mostly based on the LIC HFL Vacancy Declaration. The number of openings varies from year to year depending on the demand for new executives. Consequently, candidates should always visit the official website of LIC for latest job openings. The openings are further categorized into vacancies for several categories. The table below shows the LIC HFL Recruitment 2022 vacancies.
| LIC HFL Recruitment 2022 Vacancy Distribution | |||
Region | State/Union Territory covered under region | Assistant | Assistant Manager |
Central | Chhattisgarh | 6 | 30 |
Madhya Pradesh | |||
East Central | Bihar | 2 | |
Jharkhand | |||
Odisha | |||
Eastern | Assam | 3 | |
Sikkim | |||
Tripura | |||
West Bengal | |||
North Central | Uttar Pradesh | 6 | |
Uttarakhand | |||
Northern | Chandigarh | 2 | |
Delhi | |||
Haryana | |||
Himachal Pradesh | |||
Jammu & Kashmir | |||
Punjab | |||
Rajasthan | |||
South Central | Karnataka | 4 | |
South Eastern | Andhra Pradesh | 10 | |
Telangana | |||
Southern | Kerala | 2 | |
Puducherry | |||
Tamil Nadu | |||
Western | Goa | 15 | |
Gujarat | |||
Maharashtra | |||
TOTAL=80 | 50 | 30 | |
Recruitment for the post of Assistant is based on region-wise merit and Recruitment for the post of Assistant Manager is based on All-India merit.
The total number of vacancies may increase or decrease depending upon the actual vacancies at the time of final selection and availability of successful candidates after the interview.
Recruitment for the post of Assistant Manager has two categories - DME and Others. DME category means an individual who has been appointed as Direct Marketing Executive by LIC Housing Finance Ltd.
Others category means the candidate from the open market.
Note: Candidates can apply for only one post. Not more than one application for a post should be submitted by any candidate. For Assistant: Candidates are allowed to apply for vacancy from only one region. The centre of online examination for the post of Assistant will be restricted to the region opted by the candidate. Candidates applying for a particular region will be posted preferably in that region subject to the requirement and suitability. For Assistant Manager: Posting may be anywhere in India based on the requirement of the Company.
| No. |
Activity |
Date |
|---|---|---|
| 1 |
Start of online registration and payment of fees |
04.08.2022 |
| 2 |
End of online registration and payment of fees |
25.08.2022 |
| 3 |
Downloading of Call letters for Online Examination |
7 to 14 days before exam |
| 4 |
Online Examination (Assistant) (tentative) |
Sep-Oct 2022 |
| Online Examination (Assistant Manager) (tentative) |
Sep-Oct 2022 |
2. REMUNERATION: Assistant: The starting basic pay of Rs.22,730/- per month in the scale of 22730-1405(1)-24135- 1540(2)-27215-1740(5)-35915-2020(2)-39955-2460(3)-47335-2570(2)-52475 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs.33,960/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.
Assistant Manager: The starting basic pay of Rs.53,620/- per month in the scale of 53620-2770(14)- 92400-2880(3)-101040 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs.80,110/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.
Probation Period:
Assistant: 6 months from the date of joining which may be extended for a maximum period of 6 months.
Assistant Manager: Before appointment as Assistant Manager, there will be a training period of 1 year as Management Trainee from the date of joining. A consolidated salary of Rs.25,000/- per month will be paid during this training period. The appointment to the post of Assistant Manager will be subject to successful and satisfactory completion of the training period. There will be a probation period of 1 year from the date of appointment as Assistant Manager which may be extended for a maximum period of 1 year.
LIC HFL Recruitment 2022 Eligibility Criteria:-
Eligibility Criteria |
Assistant | Assistant Manager | |
Others | DME | ||
Educational Qualification (as on 01.01.2022) | Graduate (minimum aggregate 55% marks) Course completed through correspondence/ distance/part-time are not eligible. | Graduate (minimum aggregate 60% marks) Or Postgraduate in any discipline. Course completed through correspondence/ distance/part-time are not eligible. | Graduate in any discipline with 50% marks or Post- graduate in any discipline. MBA in marketing/finance will be given preference. |
Work Experience | - | - | Completed 3 years as DME in LIC HFL as on 31.03.2022 and continuing as DME or marketing intermediary in LIC HFL. Achievement of minimum business targets (monthly/ quarterly/yearly) as decided by the Company during the initial three years of appointment as DME. The achievement of the business target will be verified by the Company and only eligible candidates will be allowed for the further process of recruitment. The decision of the Company will be final in this regard. |
Computer Skills | Yes | Yes | Yes |
LIC HFL Age Limit Exam (as on 01.01.2022):-
Before filling out the application form, prospective applicants should review the age eligibility requirements for the position they are applying for.
Minimum Age - 21 years
Maximum Age - 28 years (Assistant/ Assistant Manager other categories), 40 years (DME category)
not earlier than 02.01.1994 and not later than 01.01.2001 (both dates inclusive)
Note: -
- All the educational qualifications mentioned should be from a University/ Institute/Board recognised by Govt. of India/approved by Govt. Regulatory Bodies and the final result should have been declared on or before 01.01.2022.
- Proper document from Board/University for having declared the result on or before 01.01.2022 has to be submitted at the time of interview. The date of passing the eligibility examination will be the date appearing on the marksheet or provisional certificate issued by University/Institute. In case the result of a particular examination is posted on the website of the University/Institute and web based certificate is issued then proper document/certificate in original issued and signed by the appropriate authority of the University/Institute indicating the date of passing properly mentioned thereon will be reckoned for verification and further process.
- Candidate should indicate the percentage obtained in Graduation/Postgraduation calculated to the nearest two decimals in the online application. Where CGPA/OGPA is awarded, the same should be converted into percentage and indicated in online application. If called for interview, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of norms.
- Calculation of Percentage: The percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all semester(s)/year(s) by aggregate maximum marks (in all the subjects irrespective of honours/optional/additional optional subject, if any) multiplied by 100. This will be applicable for those Universities also where Class/Grade is decided on basis of Honours marks only. The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.
| Name |
Selection Procedure |
|---|---|
| Assistant |
Online Examination and Interview |
| Assistant Manager (Others category) |
Online Examination and Interview |
| Assistant Manager (DME category) |
Work Experience, Online Examination and Interview |
A. Online Examination: Online examination will be of objective type, multiple choice of total two hours duration comprising the following sections:
| LIC HFL Exam Pattern 2022 | |||
Subject | No. Of Qs | Max. Marks | Duration |
English Language | 50 | 50 | 35 Mins |
Logical Reasoning | 50 | 50 | 35 Mins |
General Awareness | 50 | 50 | 15 Mins |
Numerical Ability (For Assistant & Associate) Quantitative Aptitude (For Assistant Manager) Professional Knowledge ( For Assistant Manager Legal) | 50 | 50 | 35 Mins |
Total | 200 | 200 | 120 Mins |
Process for Arriving at Scores The Scores of Online Examination are obtained by adopting the following procedure:
(i) Number of questions answered correctly by a candidate in each objective test is considered for arriving at the Corrected Scores after applying penalty for wrong answers.
(ii) The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the objective tests held in different sessions (if held) to arrive at the Equated Scores* *Scores obtained by candidates on any test are equated to the base form by considering the distribution of scores of all the forms.
(iii)Testwise scores and scores on total is reported with decimal point upto two digits.
LIC HFL reserves the right to modify the structure of the examination which will be intimated through its website.
Commensurate to the number of vacancies, LIC HFL reserves the right to fix the minimum cut- off marks, section wise as well as on total in the online examination in order to finalize the number of candidates to be called for the Interview.
Decision of the Company in this regard shall be final and binding on the candidates. No correspondence will be entertained in this regard.
GST @ 18% will be charged on Application Fee. The above fee is applicable to all candidates and non-refundable.
B. Interview:
Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit based on their respective Marks in Online Examination will be called for interview. Candidates who do not attend the Interview or who do not obtain the minimum qualifying marks in the Interview shall be disqualified from further selection.
Shortlisting of candidates for interview will be provisional without verification of documents. Candidature will be subject to verification of all details/documents with the original when a candidate reports for interview (if called). In case a candidate is called for interview and is found not satisfying the eligibility criteria (Age, Educational Qualification, Work Experience, etc.) he/she will not be allowed to appear for the interview.
C. Final Selection:
The final merit list and selection of candidates will be done on the basis of combined marks of Online Examination and Interview for Assistant and Assistant Manager (Others category) & will be done on the basis of combined marks of Work Experience in the Company as DME, Online Examination and Interview for Assistant Manager (DME category). The final selection will be strictly according to the merit ranking, subject to minimum qualifying marks in the Interview. The Company reserves the right to change the selection procedure, if necessary.
D. Medical Examination:
Selected candidate will have to undergo Medical Examination and will be appointed as Assistant/Assistant Manager subject to him/her being found medically fit by the Medical Examiner authorized by LIC HFL for this purpose.
5. HOW TO APPLY:
Candidates can apply online only from 04.08.2022 to 25.08.2022 through LIC other mode of application will be accepted.
IMPORTANT POINTS TO BE NOTED BEFORE REGISTRATION:-
Before applying online, candidates should-
- (i) Scan their:
- - Photograph (4.5cm × 3.5cm)
- - Signature (with black ink)
- - Left thumb impression (on white paper with black or blue ink) - A hand written declaration (on a white paper with black ink) (text given below)
- Candidates should ensure that all these scanned documents adhere to the requ end.
- (ii) Signature in CAPITAL LETTERS will NOT be accepted.
- (iii)The left thumb impression should be properly scanned and not smudged. (If a candidate is not having left thumb, he/she may use his/ her right thumb for applying.)
- (iv)The text for the hand written declaration is as follows submitted by me in the application form is correct, true and valid. I will
- (v) hand writing and in English only. If it is written and uploaded by anybody else or in any other language, the application will be considered as invalid.
- (vi)Keep the necessary details/documents ready to make Online Payment of the requisite application fee/ intimation charges (vii) Have a valid personal email ID and mobile no., which should be kept active till the completion of this Recruitment Process. All sort of communication/intimation will be sent to registered email id/mobile no. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID and mobile no. before applying online and must maintain that email account and mobile number.
APPLICATION FEE:-
Post Application Fee
Assistant Rs. 800/-
Assistant Manager Rs. 800/-
Candidates should pay the requisite fee through the online mode only from 04.08.2022 to 25.08.2022. Bank Transaction charges for Online Payment of application fees/intimation charges will have to be borne by the candidate.
LIC HFL Syllabus 2022
LIC HFL English Syllabus
- Vocabulary
- Error Spotting
- Grammar
- Fill in the Blanks
- Comprehension
- Sentence Framing
- Jumble Words
LIC HFL General Awareness
- Indian Banking System
- Indian Economy
- National Institution
- Indian Banking System
- Current Affairs
LIC HFL Logical Reasoning :-
- Syllogism
- Data Sufficiency
- Direction and Distance
- Machine Input Output
- Inequality
- Verbal Reasoning
- Circular/Linear Arrangement
- Coding-Decoding
- Blood Relations
- Floor Puzzle
- Order and Ranking
LIC HFL Quantitative Aptitude/Numerical Ability :-
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