LIC HFL Recruitment 2022 [ Quick Summary ]
Organization Name: LIC Housing Finance Ltd Job Category: Central Govt Jobs Employment Type: Permanent Jobs Post Name Assistant Post, Assistant Manager Posts No of Posts 80 Qualification Any Degree Last Date 25.08.2022 Apply Mode Online Official Website : https://www.lichousing.com/careers
RECRUITMENT OF ASSISTANTS & ASSISTANT MANAGERS
NOTIFICATION:
Online Applications are invited from eligible candidates who must be an Indian
Citizen for selection and appointment as Assistant/Assistant Manager. The vacancies
are as under:
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.
TIME AND ACTIVITY SCHEDULE:-
Start of online registration and payment of fees 04.08.2022
End of online registration and payment of fees 25.08.2022
Downloading of Call letters for Online Examination 7 to 14 days before exam
Online Examination (Assistant) (tentative) Sep-Oct 2022
Online Examination (Assistant Manager) (tentative) Sep-Oct 2022
Candidates are advised to regularly keep in touch with the authorized website of LIC
Housing Finance Ltd. www.lichousing.com for details and update.
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.
DMEs have to upload ‘target achievement certificate’ duly signed and approved by
the Competent Authority of LIC HFL. Eligible DMEs shall be given only one chance
for appearing for the online examination.
Age Limit (as on 01.01.2022): Example: 21-28 years means ‘not below 21 years and
not above 28 years’ as on 01.01.2022 i.e. candidates must have been born not earlier
than 02.01.1994 and not later than 01.01.2001 (both dates inclusive).
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
The online examination will be in English language only. There will be negative
marking for wrong answers in the online examination. For every wrong answer to a
question given by the candidate, one fourth or 0.25 of the marks assigned to that
question will be deducted as penalty to arrive at corrected score. If a question is left
blank, i.e. no answer is given by the candidate; there will be no penalty for that
question.
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
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.
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.
HOW TO APPLY:
Candidates can apply online only from 04.08.2022 to 25.08.2022 through LIC
HFL’s website (www.lichousing.com) under the heading “Careers” and no
other mode of application will be accepted.
APPLICATION FEE:-
Assistant Rs. 800/-
Assistant Manager Rs. 800/-
Online Examination Centre in Tamilnadu
Chennai, Madurai, Coimbatore
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