LIC Recruitment 2010 Life Insurance Corporation of India Indore : Direct Sales Executives

[Admin]

NOTICE
LIFE INSURANCE CORPORATION OF INDIA
Engagement of Direct Sales Executives
Approximately 121 Direct Sales Executives are proposed to be engaged by various Offices of
the Corporation purely on Contract basis for 3 years under the jurisdiction of Central Zonal Office.Bhopal. The
number of engagements may be changed during the selection process depending on the requirements of the
office.

NO. OF DSEs TO BE ENGAGED 121
Place of requirement : Indore

1. JOB REQUIREMENT:
It is primarily a Marketing job. The DSEs shall be directly responsible for Procuring New Business,
Providing Policy Servicing and related jobs from the areas allotted to them. They shall also carry out any other
instructions given to them from time to time. For this purpose considerable movements including tours covering
entire area allotted to them are involved.

2. ELIGIBILITY CONDITIONS:
a) Qualification:
Applicant shall possess the Bachelor’s Degree of a University in India established in India under a
statute. Preference may be given to those applicants who possess who possess the Bachelor Degree or
Diploma in Marketing /Management. Good working knowledge of English and also one Regional
language preferably local language is desirable. Knowledge of soft skills such as Power Point / Word /
Excel would be additional advantage.
b) Age: (i) The applicant shall have completed 21 years of age and not more than 35 years of age as on
01.07.2010 (cutoff
date).
(ii) The upper age limit as on 01.07.2010 of an applicant belonging to a group given below shall
not exceed the age mentioned in corresponding column no. (3):

Sr. No. Category Age limit in years
(1) Member of a Scheduled Caste or a Scheduled Tribe 40
(2) Member of OBCs (other than those in creamy layer). 38
(3) Exserviceman 35, increased by the number of years of service in the
armed forces subject to maximum age of 45 years
where he is a member of OBCs and 47 years where he
is a member of SC or ST and Maximum of 42 years in
Other than SC,ST,OBC Cases.
c) The spouse of employees and agents of LIC of India shall not be eligible for engagement.
d) Agents of LIC of India holding valid license issued by the IRDA are not eligible for engagement.
e) Agents having valid IRDA license and working with other insurers need to submit ‘NOC’ from
their insurer.
f) The applicant should have minimum 2 years’ prior marketing experience as on cutoff
date. The
marketing experience need not be necessarily in the field of insurance.

3. REMUNERATION: Direct Sales Executives, on engagement will be paid monthly remuneration, which
will be entirely performance based. An amount of Rs. 25,000/per
month will be payable on achieving the
business parameters, as prescribed in the Scheme. However, the same can be higher or lower, depending
upon the business performance. There is no upper limit to earn the remuneration based on performance.

4. SELECTION PROCEDURE
a) Selection will be made on the basis of a written test if necessary, followed by an Interview of candidates
who qualify in the written test. Written Test will be of Objective Type covering Sales aptitude, Test of
Reasoning, Numerical Ability and General Knowledge. The date and venue of the written test, if to be
conducted, will be communicated to the eligible candidates individually and also posted on the website.
Candidates are advised to check the site for this purpose.
b) Interview: Candidates successful in the written test (if conducted) or eligible candidates will be called for
an Interview. The Corporation reserves the right to restrict the number of candidates to be called for
written test and/or interview commensurate with number of Direct Sales Executives to be engaged and the
decision of the Corporation in this regard shall be final. No correspondence will be entertained in this
regard.
c) The selected candidates subject to their being found medically fit by the Medical Examiner authorized by
LIC for the purpose will have to undergo Theoretical training and pass IRDA licensing test for obtaining a
license to procure Life Insurance Business within a maximum period of three months in maximum three
attempts, following which he may be engaged as an apprentice Direct Sales Executive.
d) As an apprenticeship DSE, the candidate shall have to undergo insurance related training and pass a test on
the same. The apprentice DSE shall be paid a fixed onetime
stipend of Rs. 5,000/as
per the rules of the
Scheme.
e) On successful completion of the apprenticeship and passing the test, the candidate shall be engaged as a
Direct Sales Executive purely on contract basis subject to conditions framed by the Corporation.
f) The selected candidate will be allotted specific area of operation during the period of engagement based on
Business requirements.
g) It is clarified that selection as a Direct Sales Executive does not confer any right on the candidate to be
appointed as an employee in the Corporation.

5. HOW TO APPLY
Candidates satisfying the conditions of eligibility as on the cutoff
date shall submit their application to the
concerned Divisional Office in the format given below which shall be either handwritten
in bold capitals or
typewritten on foolscap size paper only. The application should be properly signed. The following shall
accompany the Application:
1. Demand Draft towards Application Fees (applicable for all candidates other than SC/ST category).
2. Attested Photocopy of Caste Certificate in respect of SC/ST/OBC candidates.
3. Attested Photocopy of Qualification Certificate and Age Proof.
4. Attested Photocopy of Discharge Certificate in respect of Exservicemen.
5. Evidence of Marketing Experience
The candidates are advised to keep ready with them the originals and a set of attested photocopies of each
of the certificates listed at item numbers 2, 3, 4 and 5 above for verification at the time of Interview if they
qualify for the same.

6. APPLICATION FEES (NONREFUNDABLE):
For all candidates (other than SC/ST category): Rs.100/(
Rs. One hundred only). The application fee shall
be paid by Demand Draft only (valid for six months) favoring “Life Insurance Corporation of India”
and payable at Indore.
Candidate’s name and date of birth should be written on the reverse of the Demand Draft.

7. SUBMISSION OF APPLICATION FORM:
Last date for receipt of application form together with Demand Draft towards application fees (if
applicable) will be 11.08.2010. Application Form completed in all respects with enclosures should be
posted in a closed cover with a superscription on the cover “Application for Engagement of Direct Sales
Executives, _Indore Division” to the following address:
The Senior Divisional Manager,
LIC of India,Divisional Office,.....
“Jeevan Prakash”_______________
__ 19 M.G.Road ,P.B.No.130,
Indore452001___________________________

8. GENERAL INSTRUCTIONS:
(a) Candidates should ascertain, before applying, that they satisfy all the eligibility conditions as stipulated
in the notification. Candidates who do not satisfy the eligibility conditions are liable to be disqualified
at any stage of selection without further reference to them.
(b) Corporation takes no responsibility for any delay in receiving the Application Form or loss in postal
transit.
(c) Application Forms not in the prescribed Format or incomplete/unsigned or received without the
Demand Draft for application fee (wherever applicable) or Caste Certificate in case of SC/ST/OBC
applicants, shall not be considered and are liable to be rejected.
(d) Application fee once paid will not be refunded under any circumstances nor will it be held in reserve
for future engagement. The eligible candidates will be intimated separately about the exact date &
venue of the written test/interview.
(e) Decision of the Corporation in all matters regarding eligibility, conduct of examination, other tests,
Interview, selection and allotment would be final and binding on all candidates. No representation or
correspondence will be entertained by the Corporation in this regard.
(f) In case more than one application is received from an applicant for the same Division and/or different
Divisions and/or different Zones then, the first application received from the applicant as per entry
made in the register maintained by the Corporation shall be treated as his only application and all other
applications shall be treated as invalid. In case of any doubt or dispute, the decision of the Zonal
Manager shall be final and binding on the applicant.

(g) CANVASSING IN ANY FORM WILL BE A DISQUALIFICATION.
Date:26.07.2010

Place: Bhopal Zonal Manager

http://www.licindia.in/pages/Notification_Indore.pdf

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[Guest]

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