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Life Insurance Corporation of India
Central office, “Yogakshema”, Jeevan Bima Marg, Mumbai-400021

Recruitment for the post of Assistant Administrative Officer (Generalists/Chartered Accountants/Actuarially Qualified)

On-line Applications are invited from eligible Indian Citizens for appointment to the following posts of Assistant Administrative Officer in Life Insurance Corporation of India:

1. Assistant Administrative Officer (Generalists) – 400 Vacancies
2. Assistant Administrative Officer (Chartered Accountants) – 100 Vacancies
3. Assistant Administrative Officer (Actuarially Qualified) – 030 Vacancies

Total – 530 Vacancies

Reservation for Scheduled Castes, Scheduled Tribes and Other Backward Classes shall be as under:

Current Year, SC – 77, ST – 41, OBC – 135, General – 265, Total – 518
Backlog, SC – 07, ST – 05, OBC – Nil, General – Nil, Total – 012
Total, SC – 84, ST – 46, OBC – 135, General – 265, Total – 530

Reservation for Persons with Disabilities:

Current Year- 15, Backlog – 04, Total 19 Vacancies shall be reserved for Persons with Disabilities. Only the Orthopaedically Handicapped and Visually Impaired candidates are eligible to apply. Further, under the Visually Impaired, candidates with Category I Impairment (40-74%) only need apply. Reservation for Persons with Disabilities shall be on horizontal basis. Selected candidates will be placed in the appropriate category.

Reservation for ECO/SSRCO:

Reservation for Emergency Commissioned Officers/Short Service Retrenched Commissioned Officers shall be as per rules.

The total number of vacancies including the vacancies for the reserved category may increase or decrease, depending upon the actual vacancies at the time of final selection and availability of successful candidates after the written test.

LIC AAO Eligibility Conditions as on 1st March, 2009 shall be as under:

Age: Minimum Age shall be 21 years (completed) as on 1st March, 2009. Maximum age shall be 30 years. Relaxations in upper age limit for SC/ST/OBC/ECO/SSRCO/Persons with Disabilities/Confirmed LIC employees shall be as under:

SC/ST – 5 years
OBC – 3 years
PH (Gen) – 10 years
PH (SC/ST) – 15 years
PH (OBC) – 13 years
ECO/SSRCO (Gen) – 5 years
ECO/SSRCO (SC/ST) – 10 years
ECO/SSRCO (OBC) – 8 years
Confirmed LIC Employees – Further relaxation of 5 years

Qualification:

AAO (Generalist) - Bachelor/Master’s degree from a recognized Indian or Foreign University 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.

Preference shall be given to the candidates having professional qualification like CFA/CS/FIIRM/ MBA from recognized University or Institute.

AAO (Chartered Accountant) – An Associate Member of the Institute of Chartered Accountants of India

AAO (Actuarially Qualified) – A pass in seven or more subjects (Papers) of the Examination conducted by the Institute of Actuaries, London or the Actuarial Society of India (excluding Paper-CT9- Business Awareness Module) as on the date of eligibility.

Emoluments and benefits: Basic pay Rs 11,110/- per month in the scale of Rs 11,110-540(14)-18670-560(4)-20,910 (under revision) and other admissible allowances as per rules. Total emoluments will be approximately Rs. 18,250/- in a city like Mumbai. Other benefits are Non-Contributory Provident Fund, Gratuity, Pension (applicable as per the scheme existing on the date of appointment), LTC, Medical Benefit, Group Savings Linked Insurance (GSLI), Group Term Insurance, Vehicle (2 wheeler/4 wheeler) Advance, etc as per rules of the Corporation. Candidates who possess two years post qualification experience as Chartered Accountant in reputed organizations as on the date of eligibility shall be eligible for two advance increments on their appointment as Assistant Administrative Officer (Chartered Accountant) in the Corporation.

LIC AAO Application Fees (Non-refundable): Application Fee of Rs. 300/- shall be payable in Cash during cash collection hours at any Cash Collection Center of LIC Offices viz. Satellite/Branch/ Divisional/Zonal Officer of Life Insurance Corporation of India. DD/Cheques shall not be accepted. On-line applications shall be registered only on payment of application fee of Rs. 300/- 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 & miscellaneous collection number appearing on the receipt issued to him/her. The receipt must be carried while filling up the application on-line so that the required details related to payment of fees can be filled correctly.

Before leaving the cash collection centre, candidate should specifically check that the account code no 114033 is appearing in the miscellaneous receipt issued to him/her. Candidate should also check that his/her name is correctly reflected in the miscellaneous receipt.

Scheduled Caste/Scheduled Tribe/Physically Handicapped candidates are not required to pay any fee.

Service conditions: These shall be as applicable in the corporation from time to time. These posts are regular and selected candidates on appointment are liable to be posted or subsequently transferred anywhere in India

Selection procedure: For Assistant Administrative Officer (Generalists)

A competitive examination will be held at 37 centers in India. Applicants will have to appear for the written examination on 7th June, 2009 (tentative) at the centre chosen by them/allotted to them at their own expenses. The corporation, however, reserves the right to change the examination date. Candidates will be informed accordingly in case of any change in the date of examination. Appearing in the written examination will not automatically confer any right for being selected for the said post. Selection will be on the basis of overall performance in the written test and interview. Further, the appointment of candidates will be subject to his/her being found medically fit in the pre-recruitment medical examination.

Choice of Examination Centre: (For AAO Generalists onlhy)

Candidates should indicate the code number/name of the test centre 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 centre other than the one chosen by the candidates.

Proposed Examination Centers

Sl. No. – Examination Center – Center Code
1. – Agra – 11
2. – Ahmedabad – 12
3. – Allahabad – 13
4. – Bengaluru – 14
5. – Bhopal – 15
6. – Chandigarh – 16
7. – Chennai – 17
8. – Coimbatore – 18
9. – Cuttack – 19
10. – Dehradun – 20
11. – Dharwad – 21
12. – Gangtok – 22
13. – Guwahati – 23
14. – Hyderabad – 24
15. – Indore – 25
16. – Jabalpur – 26
17. – Jaipur – 27
18. – Jammu – 28
19. – Jalpaiguri – 29
20. – Kanpur – 30
21. – Kolkata – 31
22. – Kozhikode – 32
23. – Lucknow – 33
24. – Madurai – 34
25. – Mumbai – 35
26. – Nagpur – 36
27. – New Delhi – 37
28. – Panaji – 38
29. – Patna – 39
30. – Pune – 40
31. – Ranchi – 41
32. – Raipur – 42
33. – Shillong – 43
34. – Silchar – 44
35. Thiruvananthapuram – 45
36. – Varanasi – 46
37. – Visakhapatnam – 47

LIC AAO Written Test:

Paper I (Objective): Reasoning Ability (Bilingual – English/Hindi), Numerical Ability (Bilingual – English/Hindi), General Knowledge & Current Affairs (Bilingual – English/Hindi), English Language with special emphasis on grammar and vocabulary

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Paper II (Descriptive): Test on Essay (can be written in Hindi or English), Comprehension in English

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Selection Procedure for Assistant Administrative Officer (Chartered Accountant & Actuarially Qualified): Selection will be based on the performance in the interview and fitness is 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.

Probation: One year, extendable upto 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 will be liable to pay liquidated damages of Rs. 100,000 (Rs one lakh only) to the Corporation. The candidate will have to submit an indemnity bond for Rs. 1,00,000 (Rs. One lakh only) duly stamped and executed by a Surety of sound financial standing and not related to the candidate. The stamp value of the bond will be as applicable to the State in which the bond is executed by the Surety.

How to apply for LIC AAO (for all posts): Candidates are necessarily required to register On-line for applying. No other means/mode of applications will be accepted. Candidates have to 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:

(a) LIC branch code (upper left hand corner of the miscellaneous receipt) – maximum 4 characters (alpha numeric)
(b) Miscellaneous collection number – maximum 6 digits (appearing in the shaded portion of the box)
(c) Transaction number (Tr. No.) – Maximum 8 digits (appearing on the left hand corner of the receipt)
(d) Transaction date (appearing on the upper left hand corner of the receipt)

Life Insurance Corporation- Assistant Administrative Officer Important Dates
Opening date of acceptance of application money at cash collection centres of LIC: 21st March, 2009

Opening date of online registration: 23rd March, 2009
Last date for acceptance of application money: 08th April, 2009
Closing date for on-line registration: 11th April, 2009
Written Examination: 07th June, 2009
For more info, Check out LIC Website

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Disclaimer: We do not take any responsibility of the accuracy of the information provided on this site. You are requested to verify and confirm the final details from the concerned company or department.