LIC Housing Finance Limited (LIC HFL) invites online applications from the eligible Indian Citizens for the Recruitment of Assistants, Associates and Assistant Manager vacancies.
Interested candidates are advised to apply for the Recruitment before 26.08.2019
Name of the Posts: Assistants, Associates and Assistant Manager
Total Vacancies: 300
| Post Name | Total |
| Assistant | 125 |
| Associate | 75 |
| Assistant Manager | 100 |
For State wise vacancies, please refer the official notification.
Remuneration:
| Assistant | Starting basic pay of ₹ 13,980/- per month in the scale of ₹ 13980-860(1)-14840-940(2)– 16720-1060(5)– 22020-1230(2)– 24480-1500(3)– 28980-1565(2)-32110 and other admissible allowances as per rules |
| Assistant Manager | Starting basic pay of ₹ 32,815/-per month in the scale of ₹ 32815 -1685(14) –56405 -1755(3) -61670 and other admissible allowances as per rules |
| Associate | Starting basic pay of ₹ 21,270/- per month in the scale of ₹ 21270-1485(3)–25725-1665(15)-50700 and other admissible allowances as per rules |
Probation Period:
Assistant/Associate: 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.
For Assistant / Associate:
Candidates can apply for vacancy from only one state
The center of online examination for the post of Assistant/Associate will be restricted to the state opted by the candidate
In case of multiple registrations, only latest valid registration will be kept valid
Candidates applying for a state will be posted preferably in that state initially and can be transferred to any other state later subject to the requirement and suitability
For Assistant Manager:
Posting may be anywhere in India based on the requirement of the Company
Starting Date for Online Registration & Payment of Fee: 02-12-2019
Last Date for Online Registration & Payment of Fee: 16-12-2019
Date for Downloading of Call Letter for Online Exam: 20-01-2020
Tentative Date for Online Exam: 27-01-2020
Minimum Age: 21 Years & Maximum Age: 28 Years (30 Years for Assistant Manager – Legal)
The upper age relaxation as per Government rules
Assistant:
(1) Graduate (Bachelor’s Degree) in any discipline. Minimum 55% marks for all subjects.
(2) Computer skilled required.
Associate:
(1) Graduate (Bachelor’s Degree) in any discipline with CA – Inter. Minimum 60% marks for all subjects.
(2) Computer skilled required.
Assistant Manager:
Aspirants should be a graduate and should have Two years full-time MBA (or) Two years full-time MMS (or) Two years full-time PGDBA (or) PGDBM / PGPM / PGDM in any discipline from a recognized university/ institute/ board. Course completed through correspondence/part-time are not eligible.
Minimum Percentage: 60% (in both). Knowledge of Computer Skills is necessary.
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 result should have been declared on or before 01.2018.
The selection of the candidates will be made based on the scores obtained in Online Examination followed by Personal Interview.
The Online examination will be conducted separately for Assistant, Associate and Assistant Manager Positions. It will be in English language only.
| S. No | Sections | No of Qns | Max. Marks | Duration |
| 1 | English Language | 50 | 50 | 35 minutes |
| 2 | Logical Reasoning | 50 | 50 | 35 minutes |
| 3 | General Awareness | 50 | 50 | 15 minutes |
| 4. a | Numerical Ability (For Assistant & Associate) | 50 | 50 | 35 minutes |
| 4. b | Quantitative Aptitude (For Assistant Manager) | 50 | 50 | 35 minutes |
| Total | 200 | 200 | 120 minutes |
There will be a penalty of 0.25 from the marks scored for the wrongly answered questions.
The first three sections of the online examination are only qualifying sections and the final merit list of online examination will be solely based on the marks obtained in the Professional Knowledge section of online examination.
Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit solely based on the Marks in Professional Knowledge section of 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.
The final merit list and selection of candidates will be done on the basis of combined marks of Professional Knowledge section of Online Examination and Interview 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 Manager-Legal subject to him/her being found medically fit by the Medical Examiner authorized by LIC HFL for this purpose.
A non-refundable Application Fee of Rs. 500/- has to be paid.
GST @ 18% will be charged on Application Fee.
The above fee is applicable to all candidates and non-refundable.
Candidates should pay the requisite fee through the online mode only. Applicants must bear the transaction charges as applicable for online payment.
Eligible candidates are necessarily required to apply Online through LIC HFC official website before the last date for submission of online registration.
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