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(Generalists/Chartered accountants/Company secretary/Legal)
Life Insurance Corporation of India invites on line applications from eligible Indian citizens for appointment to the following posts of Assistant Administrative Officer
Candidates are requested to apply only on line between 22nd November, 2010 and 14th December, 2010
No other means/mode of application will be accepted
Vacancies
Assistant Administrative Officer (Generalists) 250
Assistant Administrative Officer (Chartered Accountant) 100
Assistant Administrative Officer (Legal) 20
Assistant Administrative Officer (Company Secretary) 05
Total 375
Vacancies for the post of Assistant Administrative Officer (Company Secretary) are likely to be at Mumbai only
Reservation for SC/ST/OBC/PwD shall be as under. The number of vacancies as also the number of reserved vacancies is provisional and may vary according to the actual requirement of the corporation
SC 63; ST 28; OBC 95; General 189; Total 375; PH 19
Eligibility conditions as on 1st November, 2010 shall be as under
Age minimum age shall be 21 years (completed) as on 1st November, 2010, maximum age shall be 30 years
Relaxations in upper age limit for SC/ST 05 years; OBC 03 years; ECO/SSRCO 05 years; PwD 10 years
Qualification
AAO (Generalist): Bachelor/Master’s degree from a recognized Indian University (under
UGC) with a minimum of 55% marks in the aggregate in either of the degrees which is relaxable to 45% in case of SC/ST candidates. If any University awards grades instead of marks, applicants should clearly mention the numerical equivalent of the grades in terms of aggregate marks and then write percentage scored out of aggregate marks
AAO (Chartered accountant): An associate member of the Institute of chartered accountants of India (ICAI)
AAO (Company Secretary): A member of the Institute of company secretaries of India (ICSI)
AAO (Legal): LL.B with a minimum of 50% marks in the aggregate and minimum three years experience at the Bar
The percentage marks shall be arrived at by dividing the marks obtained by the candidate in all the subjects by the aggregate marks irrespective of honors/optional subject, if any, This will be applicable for those Universities also where grade is decided on the basis of Honors marks only
Emoluments and benefits
Basic pay of Rs 17240/- per month in the scale of Rs 17240-840-(14)-29000-910-(4)-32640 and other admissible allowances as per rules
Total emoluments will be approximately Rs 27000/- in a city like Mumbai. Other benefits are gratuity, defined contribution pension, LTC, medical benefit, group savings linked insurance (GSLI), group term Insurance, vehicle (2 wheeler/4 wheeler) advance, etc as per rules of the corporation
Staff quarters/leased accommodations wherever available are generally provided on transfers subject to rules and regulations of the corporation
Candidates selected for the post of Assistant Administrative Officer (Chartered Accountant) with two years’ post qualification work experience on the date of eligibility shall be eligible for two advance increments
Application fees (non-refundable): Candidate has to pay an application fee of Rs 400/- in cash, during cash collection hours at any cash collection center of LIC offices viz branch /divisional /zonal office/zonal training centre of life insurance corporation of India. Demand drafts/cheques or any other form of payment shall not be accepted
On-line applications shall be registered only on payment of application fee of Rs 400/- in cash (wherever applicable). On payment of application fee, candidates will be issued a miscellaneous receipt containing details such as transaction number, transaction date, branch code and miscellaneous collection number appearing on the receipt issued to him/her
Before leaving the cash collection centre, candidate should specifically check that the account code number 114033 appears in the miscellaneous receipt issued to him/her
Candidate should also check that his/her name is correctly reflected in the miscellaneous receipt
SC/ST/PwD candidates are not required to pay any fee
Selection Procedure
(AAO Generalists): A competitive examination will be held at 37 centers in India. Applicants will have to appear for the written examination on 27th February, 2011 (tentatively) at the city chosen by them/allotted to them at their own expenses. The corporation, however, reserves the right to change the examination date/centre. Candidates will be informed accordingly in case of any change in the date/centre of examination
Candidates will have to appear and qualify in the written test and interview. Final selection will be based on the overall performance in the written test and interview. Selected candidates will have to undergo a successful pre-recruitment medical examination
Written Test: Paper I (Objective) (2 Hrs); total 140 marks; paper II (Descriptive) (1 Hour); total 50 marks
Candidates shall be ranked according to their performance in paper I. Paper II is of qualifying nature and the marks obtained in this paper will not be counted for ranking. However, paper II of only those candidates who obtain such minimum qualifying marks in each part of paper I (as the corporation may fix at its discretion at the appropriate stage) will be assessed
Depending on the number of vacancies, only those candidates who have secured the minimum qualifying marks in the written test and rank sufficiently high in the order of merit shall be called for a personal interview in the ratio of 1:3 or as decided by the corporation at the appropriate stage. Appearing in the written examination or mere pass in the written examination shall not vest any right in a candidate to be called for personal interview
Interview: The number of candidates to be called for interview will be about three times the number of vacancies to be filled in subject to availability of successful candidates in the written test and will be purely as per the ranking list (total marks obtained in paper I)
Candidates will have to obtain the minimum marks as will be decided by the corporation in the interview
Candidates who do not obtain the minimum qualifying marks as decided shall be excluded from the selection process
The corporation reserves the right to fix the minimum eligibility standards in order to restrict the candidates to be called for interview, commensurate with number of vacancies and also the minimum qualifying marks to qualify in the interview. The decision of the corporation in this regard shall be final and binding on the candidates and no correspondence will be entertained in this regard
Issue of call letters for written examination for AAO Generalists: Written test will be tentatively held on Sunday the 27th February, 2011 at the examination cities given below. Full address of the examination centre shall be given in the call letter. Call letters of all eligible candidates for the post of AAO Generalists will be posted on the website http://jobs.licindia.co.in on 7th February, 2011
Candidates will have to visit the website for downloading call letters for written examination from 7th February, 2011 onwards by clicking my call letter
Information of important dates/change of dates, if any, regarding written examination, uploading of the call letters etc shall be made available on the notice board on the above mentioned website
Candidates should bring two copies of the call letter to the examination centre. Candidates are required to affix their recent recognizable photographs on both the copies of the call letters, get it attested by a gazetted officer or officer of a public sector undertaking. The invigilator at the examination centre shall sign on both the copies of the call letter. One copy of the call letter shall be collected by the invigilator while the second copy will be retained by the candidate for future reference
The candidate will have to bring the copy of the call letter retained by him at the time of interview, if shortlisted for interview
Choice of examination city: Candidates should indicate the code number/name of the test city in the appropriate column of the online application form. No change of centre will be permissible at a later date. The corporation, for administrative reasons, however, reserves the right to direct the candidate to appear for written test at any city other than the one chosen by the candidate
Agra, Ahmedabad, Allahabad, Bangalore, Bhopal, Chandigarh, Chennai, Coimbatore, Cuttack, Dehradun, Dharwad, Gangtok, Guwahati, Hyderabad, Indore, Jabalpur, Jaipur, Jammu, Jalpaiguri, Kanpur, Kolkata, Kozhikode, Lucknow, Madurai, Mumbai, Nagpur, New Delhi, Panaji, Patna, Pune, Ranchi, Raipur, Shillong, Silchar, Trivandrum, Varanasi, Visakhapatnam
Selection procedure for Assistant Administrative Officer (Chartered Accountant, Company Secretary and Legal): Selection will be based on the performance in the interview and fitness in pre-recruitment medical examination. The number of candidates to be called for interview will be about three times the number of vacancies to be filled in under each post or as decided by the corporation at the appropriate stage. Candidates who do not obtain the minimum qualifying marks in the interview shall be disqualified from further selection
The corporation reserves the right to fix the minimum eligibility standards in order to restrict the number of candidates to be called for Interview, commensurate with the number of vacancies and also the minimum qualifying marks to qualify in the interview. The decision of the corporation in this regard shall be final and binding on the candidates and no correspondence will be entertained in this regard
In case of similar marks of two or more candidates, the merit order of such group of candidates shall be as per the aggregate marks in written test and interview (for the post of
AAO-Generalists) and marks obtained in the interview (for AAO-Chartered Accountants/ Company Secretary/Legal) and further as per their additional post graduation qualification (i.e. the person with higher qualification will be placed higher in the merit order) and in case of similarity, further as per their date of birth (i.e. more senior in age will be placed first before less senior in age)
Successful outstation candidates called for interview shall be entitled for re-imbursement of second class to and fro Railway/Bus fare by the shortest route from the place of residence to the place of interview
Service conditions: These shall be as applicable in the corporation from time to time. The advertised posts are regular and selected candidates, on appointment, are liable to be posted or subsequently transferred anywhere in India
Probation: One year, extendable up to 2 years
Guarantee bond: Before joining as a probationer, 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 probationary period) failing which, he/she/his/her heirs, executors, administrators will be liable to pay liquidated damages of Rs 100000/- (Rs one lakh only) to the corporation. The candidate will have to submit deed of indemnity for Rs 100000/- (Rs one lakhs only) duly stamped, the stamp value of which will be as applicable to the state in which the deed is executed by the candidate
How to apply (for all posts): Candidates are necessarily required to register on line for applying and are required to have a valid e-mail identification. No other means/mode of applications will be accepted
Candidates can register on line only after obtaining a receipt for payment of application fee, wherever applicable, at the cash collection centre of LIC. If not, applications shall be invalid
Eligible candidates are required to log in to the designated website http://jobs.licindia.co.in for submission of applications on-line. While filling the fee details in the online application form, candidates are required to enter and check the following; LIC branch code (upper left hand corner of the miscellaneous receipt)-maximum 4 characters (alpha numeric); miscellaneous collection number-maximum 6 digits (appearing in the shaded portion of the box); transaction number (Tr No)-maximum 8 digits (appearing on the left hand corner of the receipt); transaction date (appearing on the upper left hand corner of the receipt)
Programme date
Opening date of acceptance of application money at cash collection centres of LIC: 22nd November, 2010
Opening date of on line registration: 22nd November, 2010
Last date for acceptance of application money: 13th December, 2010
Closing date for on line registration: 14th December, 2010
Modification of applications submitted, if desired (once): 15th/16th December, 2010
Downloading of hall tickets from site: 7th February, 2011
Candidates shall be solely responsible for filling up the on-line applications correctly. In case of invalid applications due to errors committed by the applicant /wrong information provided by them, claims for refund of application money so collected shall not be entertained by the corporation
To avoid last minute rush, candidates are advised to pay the application fees (wherever applicable) and register on-line at the earliest
Before applying, candidates are advised to satisfy themselves that they fulfill all the requirements especially age, qualification, caste (for SC/ST/OBC candidates only). If found ineligible on any count, their candidature will be cancelled at any stage of recruitment
The fees paid by ineligible candidates shall be forfeited
Decision of the corporation in all matters regarding eligibility of the candidate, selection and any other matters relating to recruitment will be final and binding on the candidate. No correspondence or personal enquires shall be entertained by the corporation in this regard
Candidates should have a valid personal e-mail id. In case, candidates are not having valid email, they should create a new e-mail id before applying on-line which should be valid for the duration of the project. Keep particulars of date of birth, educational qualifications, caste, payment details, other personal details etc ready as these are required to be entered in the on line application
Candidates applying for more than one post are required to apply on line for each post separately and also pay application fee separately for each post
After applying on line, and getting the confirmation that the application has been registered, the candidate shall be sent a copy of application form to his/her e-mail id. The candidates are required to open their e-mail and take a print out of the application on A-4 size paper and retain it after signing the same. Please do not send this print out to Life Insurance Corporation of India
Candidates who are called for interview will have to submit the duly signed system generated
print out of the on line application, copy of the call letter duly signed by the invigilator during the written examination, miscellaneous receipt of fee as mentioned above and also produce original and attested photo stat copies of all relevant certificates at the time of interview failing which their candidature shall be liable to be cancelled
Withdrawal of candidature on account of non furnishing of any information will not confer any right to carry forward or retain the candidature for future recruitment
Application once submitted will not be allowed to be withdrawn and the fee once paid will not be refunded nor would this fee be held in reserve for future exam/selection
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