Life Insurance Corporation of India(LIC) invites online applications from eligible candidates who must be Indian Citizens for selection and appointment as Apprentice Development Officer. The recruitment is same in all different zones like North Zone, central zone, western zone etc all over India, below are the vacancy details for the jurisdiction of the various Divisional Offices under Western Zonal Office, Mumbai.
Post – Apprentice Development Officer
No of Vacancies – 1753
Eligibility –
Age Limit – 21 to 30 years
(3 years age relaxation for OBC candidates and 5 years relaxation for SC /ST candidates.)
Educational Qualification-
“Bachelor’s Degree in any discipline from a recognized Indian University/Institution”. Preference would be given to the candidates having at least 2 years of work experience in life insurance industry.
Note- Candidates who are already LIC employee or LIC agents, have certain relaxation in terms of age and probation period and training. Candidates applying under employee category or agent category, Please read the official notification from the link shared below.
Important Dates –
Application Starts on – 20th May 2019
Application Ends – 9th June 2019
Tentative Date of Preliminary exam – 6th & 13th July 2019
Tentative Date of Mains Exam – 10th August 2019
Application Details –
For Official Website – https://www.licindia.in/Bottom-Links/Careers
For Official Notification, Click Here
Mode of Application – Online
For Application Link, Click here
Application Fees – Rs.600 ( Rs.50 for SC / ST candidates )
Selection Process –
Selection of Assistant Administrative Officers will be done through a three tiered process and subsequent Prerecruitment Medical examination.
Phase-I: Preliminary Examination: Preliminary Examination consisting of objective test will be conducted online. The test will have three sections (with separate timings for each section) as follows:
| Sr No. | Name of the Test | Number of Questions | Maximum Marks | Duration |
| 1 | Reasoning Ability | 35 | 35 | 20 minutes |
| 2 | Numerical Ability | 35 | 35 | 20 minutes |
| 3 | English Language | 35 | 30** | 20 minutes |
| Total | 100 | 70 | 1 hour |
** English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking. Candidates equal to 20 times of number of vacancies in each category, subject to availability, will be shortlisted for Main examination.
To understand entire process easily , watch our video here on YouTube
Phase-II : Main Examination:
| Sr No. | Name of the test | Number of Questions | Maximum Marks | Duration |
| 1. | Reasoning Ability & Numerical Ability | 50 | 50 |
Composite time of 120 minutes |
| 2 | General Knowledge, minutes
Current Affairs and English Language with Special Emphasis on Grammar and vocabulary |
50 | 50 | |
| 3 | Insurance and Financial Marketing Awareness with special emphasis on knowledge of Life Insurance and Financial Sector | 50 | 50 | |
| Total | 150 | 150 |
On-line Test for Agents & Employee Category:-
Selection of Apprentice Development Officer from Agents & Employee Category will be done through single phase examination i.e. Main Examination.
Main Examination consisting of objective test will be conducted online. Main examination will consist of objective tests for 150 marks. For details of mains exam for agents please check the official notification.
Candidate MUST obtain minimum qualifying marks in each Section separately and should also obtain minimum marks in the aggregate to qualify for the examinations (Preliminary and Main) and the interview. The minimum marks to be obtained in each paper and in the aggregate shall be decided by LIC of India.
Phase-III – Interview:
Marks obtained in the Main Examination only will be considered for shortlisting for interview and marks obtained in Main Examination + marks obtained in Interview will be considered for final merit listing of candidates. Commensurate to the number of vacancies, LIC reserves the right to fix the eligibility standards in order to restrict the candidates to be called for interview and also fix the minimum marks to qualify in the interview. Maximum Interview marks are 37.
JOB REQUIREMENT:
It is primarily a sales supervision job. The selected candidates will be required to sponsor suitable persons to be appointed as Life Insurance Agents, train them properly, and help the recruited agents to sell life insurance to maximum number of persons. They will also be required to give prompt after sales service to policyholders. For this purpose considerable movement including tours covering the entire area allotted to them are involved.
The recruitment as Apprentice Development Officers is for Urban and Rural Areas and the selected candidates will have to work in these areas. It is, however, likely that some of the selected candidates may be posted in the jurisdiction of nearby Divisional Office/s within the jurisdiction of the Zone.
STIPEND & REMUNERATION:
During the apprentice period, the candidate selected as Apprentice Development Officer will be paid a fixed amount as stipend per month as per rules of the Corporation. An Apprentice Development Officer other than an Employee Apprentice shall be paid equal to the minimum of the basic pay and the dearness allowance thereon on the scale of pay applicable to Development Officers as on the date of commencement of the apprenticeship. At present the amount of stipend is about ₹.34,503/- per month, except in case of candidates selected from LIC Employees category.
Salary / Emoluments-
On appointment as a Probationary Development Officer, basic pay of ₹ 21,865/- per month (except for Employee Category candidates). Total emoluments at the minimum of the scale, inclusive of House Rent Allowance& City Compensatory Allowance wherever admissible depending upon the classification of city, will be approximately ₹37,345/- in ‘A’ Class City. Other benefits include Gratuity, Defined Contributory Pension Scheme, LTC, Medical Benefit, Group Insurance, Group Personal Accident Insurance, vehicle advance (2-wheeler/4-wheeler), reimbursement towards cost of Brief Case/leather bag, mobile handset, supply of dailies as per rules and on confirmation in service, attractive performance linked Incentives.
APPRENTICESHIP PERIOD:
An Apprentice Development Officer will have to undergo Theoretical & Field Sales Training. The period of apprenticeship shall commence from the date of commencement of the training.
PROBATION:
An Apprentice Development Officer, who successfully completes the apprenticeship and, in opinion of the Recruiting Authority, is otherwise suitable for appointment to the service of the Corporation may be appointed as a Development Officer and placed on probation. The period of probation shall be for one year which may be extended upto two years.
GURANTEE BOND:
Before joining as Apprentice Development Officer, candidates will be required to give an undertaking to serve the Corporation for a minimum period of four years from the date of joining (including apprenticeship period) failing which he/she or his/her heirs, executors, administrators will be liable to pay liquidated damages of 25,000/- ₹ (Rupees Twenty Five Thousand only) to the Corporation. The candidate will have to submit an Indemnity Bond of Rs. 25,000/- (Rupees Twenty Five Thousand only) duly stamped and executed by a Surety of sound financial standing and not related to the candidate. The stamp value of the Bond willbe as applicable to the State in which the bond is executed.
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