LIC India invites On-line Applications 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
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.
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.
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
Paper II (Descriptive): Test on Essay (can be written in Hindi or English), Precis & Comprehension in English
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.
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
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