Friday 24 May 2019

Life Insurance Corporation of India


Total No of Vacancies: 8581

Job Location: All Over India

Name of the Post & No of Vacancies:


Apprentice Development Officer
Sl No
Zonal Name
Total
1
Central Zonal Office, Bhopal
525 Posts
2
Eastern Zonal Office, Kolkata
922 Posts
3
East Central Zonal Office, Patna
701 Posts
4
South Central Zonal Office, Hyderabad
1251 Posts
5
Northern Zonal Office, New Delhi
1130 Posts
6
North Central Zonal Office, Kanpur
1042 Posts
7
Southern Zonal Office, Chennai
1257 Posts
8
Western Zonal Office, Mumbai
1753 Posts
Total
8581 Posts


Educational Qualification:
Qualification
(i) For Employees category and Agents category in both Urban and Rural area- Applicant shall possess the Bachelor’s Degree of a University in India established under a statute or approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.
ii) An applicant from Others category for recruitment as an Apprentice Development Officer in both Urban and Rural area shall possess the Bachelor’s Degree of a University in India established under a statute or approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.


Experience: The applicant should have the requisite experience as on 01.05.2019 as indicated below:-
Category of Applicant
For Recruitment in Urban Area
For Recruitment in Rural Area
i) Employee Category
Not less than 3 years of service after confirmation in Class III post
ii) Agents Category
Not less than 5 years as an agent or other than agent (such as DSE/FSE) and has brought a net First Year Premium Income of not less than 5,00,000/- during the immediately preceding 5 financial years and a net First Year Premium Income of not less than ₹ 1,00,000/- on 50 lives in each of any 3 of these financial years.
Not less than 4 years as an agent or other than agent(such as DSE/FSE) and has brought a net First Year Premium Income of not less than 1,00,000/- on 50 lives per year in any 3 of the immediately preceding 4 financial years.
iii) Other
Preference would be given to candidates who have at least 2 years experience in life insurance industry.


Age Limit: (As on 01.05.2019)
Name of the Category
Age Limit
For Gen/ UR Candidates
The applicant shall have completed 21 years of age (in completed years) and not more than 30 years of age (in completed years) as on 01.05.2019 i.e candidates must have been born not earlier than 02.05.1989 and not later than 01.05.1998 (both days inclusive) as on 01.05.2019
The Upper age limit is relaxed by 5 years for SC/ST; 3 years for OBC, 10 Years for Persons with Disabilities (15 years for SC/ST PWD’s & 13 years for OBC PWD’s) and for Ex-S as per Govt. of India rules. Candidates Relaxation in Upper Age limit will be provided as per Govt. Rules.


Salary Details:
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 .