Overview Life Insurance Corporation of India (LIC) is conducting a recruitment drive to hire 590 graduates to take up positions as Assistant Administrative Officers (AAOs) in various fields. Candidates should ensure that they fulfill the required eligibility criteria before applying online. Selected candidates, on completing their training, will be posted for a minimum period of three years in LIC mofussil branches outside their home regions and will be on probation for a period of one year from the date of joining (may be extended up to two years). Prior to the start of the probationary period, selected candidates must sign a Guarantee Bond which states that they will work for LIC for a minimum period of four years from the date of joining (including probationary period), failing which will incur liquidated damages of Rs.2,00,000/-.
Salary and allowances The selected candidates will receive a total emolument at the minimum of the scale which will be approximately Rs 56,000/- per month, including house rent allowance as per the city. Other benefits include Gratuity, LTC, Cash Medical Benefit, Group medi claim, Group personal accident insurance, vehicle loan, reimbursement towards a mobile handset, mobile expenses, etc. as per rules.
Application feeAn online payment will have to be made towards an application fee and intimation charges as follows-
List of posts and Eligibility criteriaFor all the posts, the age criteria is the same, namely, the applicant should have completed a minimum of 21 years as on 1st March 2019 and the maximum acceptable age is not more than 30 years. That is, you should have been born not earlier than 2nd March 1989 and not later than 1st March 1998, both days inclusive. Relaxations in upper age limit have been given for candidates from SC, ST, OBC, Emergency Commissioned Officers (ECO), Short Service Commissioned Officers (SSCO), Persons with Benchmark Disabilities (PwBD), and confirmed LIC employees, details of which can be checked in the official recruitment notification.
Academic qualifications should be as mentioned below, with equivalent qualifications not being acceptable. The qualification should be acquired from a University/Institute/ Board which is recognized by the Govt. of India and approved by the relevant Government Regulatory bodies and the result should have been declared on or before 1st March 2019. Supporting documents from the Board / University for having declared the result on or before this date should be submitted at the time of the interview.
AAO (Generalist)You must have a Bachelor's Degree in any discipline from a recognized Indian University/Institution.
AAO (IT)You must have a Graduate degree in Engineering in Computer Science, IT or Electronics or an MCA or an MSC (Computer Science) from a recognized Indian University/Institution.
AAO (Chartered Accountant) You must have a Bachelor's Degree from a recognized Indian University/Institution. Additionally, you should have passed the final exam of the Institute of Chartered Accountants of India and completion of Articles as presented by Institute of Chartered Accountants of India. You should also be an Associate member of the Institute of Chartered Accountants of India and provide the membership number to be verified.
AAO (Actuarial) You must have a Bachelor's Degree in any discipline from a recognized Indian University/Institution. You should also have passed paper CT1 and CT5 plus 4 or more other papers of the exam conducted by the Institute of Actuaries of India/Institute and Faculty of Actuaries, UK. (Total six or more papers) as on 1st March, 2019. You will need to provide your membership number to be verified with the Institute of Actuaries of India/Institute and Faculty of Actuaries, UK.
For AAO (Rajbhasha) You must have a Post Graduate Master's Degree in Hindi/Hindi translation with English as one of the subjects at the Bachelor's Degree level or a Post Graduate Master's Degree in English with Hindi as one of the subjects at the Bachelor's degree level or a Post Graduate Master's Degree in Sanskrit with English and Hindi as subjects at the Bachelor's degree level.
Selection processThere will be three stages in the selection process for all the positions-
Stage 1: A preliminary exam of a total of 100 objective-type questions for one hour with maximum marks of 70. This will include reasoning ability, quantitative aptitude and English Language with special emphasis on grammar, vocabulary, and comprehension. Note that the marks scored in English Language will not be counted for ranking.
Stage 2: The main exam of a total of 120 objective-type questions for one hour with maximum marks of 300, followed immediately thereafter with a descriptive test of maximum 25 marks. The first is of two hours' duration and will including questions relevant to the post applied for.
Stage 3: A personal interview will be scheduled for those candidates who have been shortlisted based on the marks scored in the main exam. Subsequently, marks in the main exam + marks in the interview will form the basis of the final merit list of eligible candidates for each post. These candidates will then be required to undergo a medical examination and only if found medically fit, will be offered the appointment.
Note: For the online exam scheduled at various exam centres, a list of which can be checked in the official notification, you are required to bring along with you the following –
How to applyYou first need to register online at the official website for LIC recruitment of AAOS 2019 and then proceed to submit the online application. Candidates are advised to go through the instructions for uploading of requisite documents, such as photo, signature, etc and keep these scanned documents ready at the time of online application.
The online payment of fees (mentioned at the start of this article) can be made with a Debit Card (RuPay/Visa/MasterCard/Maestro) or a Credit Card, or via Internet Banking, IMPS, Cash Cards/ mobile wallets. On successful payment of the fee online, take a printout of the e-Receipt and online application form containing the fee details.
Best of luck to all the candidates!
[Note to applicants: It is advisable to check the official website for updates of the recruitment, in case of changes in the schedule and other details.]
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A good capsule of information for the candidates interested to work in the insurance sector.
There was a time when LIC had the monopoly in the field of insurance especially the personal insurance. After the insurance sector was opened to the private parties there was a feeling that LIC may lose business and soon might be out of the job. It did not happen so as LIC took cognizance of this fact soon and started modernizing and making its operations slowly towards the online mode. That helped it to save partially on hefty commissions and discounts given to the agents in the country. It reduced the return on the policies also proportional to the interest regime in the country.
LIC was quite successful in its attempts and today it is one of the largest insurance providers and has a variety of schemes to suit the individual needs.
Their working has also substantially improved and they are giving a tough fight to the private insurers.
In this light the future of this organization is bright and prosperous and the qualified candidates can think of applying here to make a good career.