LIC FSE - Recruitment
Life Insurance Corporation of India (LIC) is the largest life insurance organisation in India. It is owned by the Ministry of Finance, Government of India. The company keeps on inviting applications by releasing the official notification to recruit dynamic and young people for the posts of Financial Services Executive (FSE) for its branch offices across the country. Interested eligible Indian candidates can participate in this recruitment process for a better career. Here we are going to discuss their recruitment exam related information like eligibility criteria, selection and application process, exam scheme and other details.
1. Eligibility Criteria:
A. Nationality: A candidate must be an Indian Citizen.
B. Age: Ranges from 21 to 35 years.
C. Educational Qualification: An applicant must hold a Bachelor’s degree from a University recognised by the Government of India.
D. Preference will be given to candidates with:
(i) Bachelor’s Degree or Diploma in Marketing/Management
(ii) Good working knowledge of English and a regional language
(iii) Knowledge of soft skills like PowerPoint/Word/Excel
E. Note:
- Spouses of employees and agents of Life Insurance Corporation of India will not be eligible for engagement.
- Agents of Life Insurance Corporation of India who have valid IRDA licenses are not eligible for engagement.
- Agents having valid IRDA licenses and working with other insurance companies will have to submit ‘NOC’ from their insurer.
2. Selection Procedure:
There will be a single-stage written test (if required) followed by an interview.
| Test Type | Description |
|---|
| A. | Written Test | It is an objective type test consisting of Sales Aptitude Test of Reasoning, Numerical Ability and General Knowledge. If the test is to be conducted, the date and venue of the written examination will be intimated to the eligible candidates individually. |
| B. | Interview | Qualified candidates in written tests (if conducted) or eligible candidates will be called for an interview. |
3. Appointment and Job Details:
- Selected candidates (if found medically fit during a pre-recruitment medical examination) will have to undergo an FSE apprenticeship (theoretical training) and pass the IRDA Licensing Test to be licensed to pursue life insurance business (maximum three attempts within a period of three months).
- As an apprenticeship FSE, the candidate will have to undergo insurance related training and pass an examination on the same. Apprentice FSE will be paid a fixed lump sum stipend of Rs.3500/ (Rupees three thousand five hundred only) as per the rules of the scheme of the company.
After completing the apprenticeship and obtaining a license from IRDA, the candidate will be appointed as Financial Services Executive on a contract basis for 3 years, subject to the conditions prescribed by the Company. The selected candidates in FSE jobs are mainly a marketing person who has to visit the entire area allotted.
- Selection of candidates as Financial Services Executive (FSE) does not confer any right on the candidate to be appointed as an employee in the Company.
4. Application Procedure:
Candidates fulfilling the eligibility conditions are required to submit their application in the format given below, which will either be handwritten in capital letters or typed on foolscap size paper only. The application must be properly signed. The following will happen with the application:
- Demand Draft of Rs.100/- in favour of Life Insurance Corporation of India payable at Divisional Headquarters for the application fee.
- Attested photocopy of caste certificate in respect of SC/ ST/ OBC candidates.
- Attested photocopies of eligibility certificate and age proof.
- Attested photocopy of Discharge Certificate in respect of Ex-Servicemen.
