LIC HFL Recruitment 2022 for 80 Assistant, Assistant Manager Posts

LIC HFL Recruitment 2022 Notification of Assistant and Asst Manager Posts

LIC HFL Recruitment 2022 Notification for 80 Assistant Manager Vacancies – Online Applications are invited from eligible candidates who must be Indian Citizens for selection and appointment as Assistant/ Assistant Manager. Applicants are advised to regularly keep in touch with the authorized website of LIC Housing Finance Ltd. at www.lichousing.com for details and updates. Applicants can also view official notifications and other important facts about this recruitment i.g. important links and important dates. Eligible applicants can apply online through lichousing.com before 25th August 2022. Check out the complete details like the last date to apply, eligibility, application procedure, selection procedure and more for LIC Assistant Manager Recruitment 2022.

LIC HFL Exam 2022 Highlights

• Name of Exam: Life Insurance Corporation in Housing Finance Limited
• Conductor of Exam: (LIC) Life Insurance Corporation
• Which Posts: Assistant, Assistant Manager (AM)
• Wanted Persons: 80 Posts
• Job Placement: Across India

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LIC HFL Recruitment 2022 Vacancy Details

• Applicants for the posts are primarily chosen by the commission based on the LIC HFL vacancy notification

Region	Assistant	Assistant Manager
Central	06	30
East Central	02
Eastern	03
North Central	06
Northern	02
South Central	04
South Eastern	10
Southern	02
Western	15
Total	50	30

LIC HFL Recruitment 2022 Important Dates

• Start of online registration and payment of fees 04th August 2022
• End of online registration and payment of fees 25th August 2022
• Downloading of Call letters for Online Examination 7 to 14 days before the exam
• Online Examination (Assistant) (tentative) Sep-Oct 2022
• Online Examination (Assistant Manager) (tentative) Sep-Oct 2022

LIC HFL Recruitment 2022 Eligibility Criteria

• Assistant: Candidates must have completed Graduate (minimum aggregate 55% marks) Course completed through correspondence/ distance/part time are not eligible.
• Assistant Manager: Applicants shall pass Graduate (minimum aggregate 60% marks) or Post-graduate in any discipline. Course completed through correspondence/ distance/part time are not eligible.
• Assistant Manager (DME): Graduate in any discipline with 50% marks or Postgraduate in any discipline. MBA in marketing/finance will be given preference.

Exam Eligibility

• Candidates Completed 3 years as DME in LIC HFL as on 31.03.2022 and continuing as DME or marketing intermediary in LIC HFL.

Age Limit

• Age Limit between 21-28 years means ‘not below 21 years and not above 28 years’ as on 01.01.2022 i.e. candidates must have been born not earlier than 02.01.1994 and not later than 01.01.2001 (both dates inclusive) and 40 years for DME Only.

LIC HFL Recruitment 2022 Selection Procedure

Name	Selection Procedure
Assistant	Online Examination and Interview
Assistant Manager (Others category)	Online Examination and Interview
Assistant Manager (DME category)	Work Experience, Online Examination and Interview

Online Examination

• Online examination will be of objective type, multiple choice of total two hours duration comprising the following sections:

Sr. No.	Section	No. of Questions	Maximum Marks	Duration
1	English Language	50	50	35 minutes
2	Logical Reasoning	50	50	35 minutes
3	General Awareness (with special emphasis on Housing Finance Industry)	50	50	15 minutes
4	Numerical Ability (For Assistant)   Quantitative Aptitude (For Assistant Manager)	50	50	35 minutes
	Total	200	200	120 minutes

• The online examination will be in the English language only. There will be negative marking for wrong answers in the online examination. For every wrong answer to a question given by the candidate, one-fourth or 0.25 of the marks assigned to that question will be deducted as a penalty to arrive at a corrected score. If a question is left blank, i.e. no answer is given by the candidate; there will be no penalty for that.

Process For Arriving at Scores

• The Scores of Online Examination are obtained by adopting the following procedure:
• A number of questions answered correctly by a candidate in each objective test is considered for arriving at the Corrected Scores after applying a penalty for wrong answers.
• The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the objective tests held in different sessions (if held) to arrive at the Equated Scores* *Scores obtained by candidates on any test are equated to the base form by considering the distribution of scores of all the forms.
• Test-wise scores and scores on total is reported with decimal point upto two digits.
• LIC HFL reserves the right to modify the structure of the examination which will be intimated through its website.
• Commensurate to the number of vacancies, LIC HFL reserves the right to fix the minimum cut- off marks, section-wise as well as on total in the online examination in order to finalize the number of candidates to be called for the
• The decision of the Company in this regard shall be final and binding on the candidates. No correspondence will be entertained in this regard.

Interview

• Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit based on their respective Marks in the Online Examination will be called for an interview. Candidates who do not attend the Interview or who do not obtain the minimum qualifying marks in the Interview shall be disqualified from further selection.
• Shortlisting of candidates for interviews will be provisional without verification of documents. Candidature will be subject to verification of all details/documents with the original when a candidate reports for an interview (if called). In case a candidate is called for an interview and is found not satisfying the eligibility criteria (Age, Educational Qualification, Work Experience, etc.) he/she will not be allowed to appear for the interview.

Final Selection

• The final merit list and selection of candidates will be done on the basis of combined marks of Online Examination and Interview for Assistant and Assistant Manager (Others category) & will be done on the basis of combined marks of Work Experience in the Company as DME, Online Examination and Interview for Assistant Manager (DME category).
• The final selection will be strictly according to the merit ranking, subject to minimum qualifying marks in the Interview. The Company reserves the right to change the selection procedure, if necessary.

Medical Examination

• The selected candidate will have to undergo Medical Examination and will be appointed as Assistant/Assistant Manager subject to him/her being found medically fit by the Medical Examiner authorized by LIC HFL for this purpose.

LIC HFL Recruitment 2022 Application Procedure

How to Apply?

• Candidates can apply online only from 04.08.2022 to 25.08.2022 through LIC HFL’s website (lichousing.com) under the heading “Careers” and no other mode of application will be accepted.

Important Points to be noted before Registration

• Before applying online, candidates should-
• Scan their:
• Photograph (4.5cm × 3.5cm)
• Signature (with black ink)
• Left thumb impression (on white paper with black or blue ink)
• A handwritten declaration (on white paper with black ink) (text given below)
• Candidates should ensure that all these scanned documents adhere to the required specifications as per the specifications given in “GUIDELINES FOR SCANNING AND UPLOAD OF DOCUMENTS” mentioned at the end.
• Signature in CAPITAL LETTERS will NOT be accepted.
• The left thumb impression should be properly scanned and not smudged. (If a candidate is not having left thumb, he/she may use his/ her right thumb for applying.)
• The text for the hand written declaration is as follows –
• “I, (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”
• The above-mentioned handwritten declaration has to be in the candidate’s hand writing and in English only. If it is written and uploaded by anybody else or in any other language, the application will be considered as invalid.
• Keep the necessary details/documents ready to make Online Payment of the requisite application fee/ intimation charges
• Have a valid personal email ID and mobile no., which should be kept active till the completion of this Recruitment Process. All sort of communication/intimation will be sent to registered email id/mobile no. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID and mobile no. before applying online and must maintain that email account and mobile number.

Application Fee

• Assistant – Rs. 800/-
• Assistant Manager – Rs. 800/-
• GST @ 18% will be charged on Application Fee.
• The above fee is applicable to all candidates and non-refundable. Candidates should pay the requisite fee through the online mode only from 04.08.2022 to 25.08.2022. Bank Transaction charges for Online Payment of application fees/intimation charges will have to be borne by the candidate.

Application Registration

• Candidates satisfying the conditions of eligibility are required to log in to the LIC HFL’s website, click on “Careers” and go to “Job Opportunities” to open the page “RECRUITMENT OF ASSISTANTS/ ASSISTANT MANAGERS” and click on the option “Apply Online” which will open a new screen. Option is available on the page to view the Detailed Advertisement.
• To register application, choose the tab “Click here for New Registration” and enter Name, Contact details and Email-id. A Provisional Registration Number and Password will be generated by the system and displayed on the screen. Candidate should note down the Provisional Registration Number and
• An Email & SMS indicating the Provisional Registration number and Password will also be sent.
• In case the candidate is unable to complete the application form in one go, he / she can save the data already entered by choosing “SAVE AND NEXT” tab. Prior to submission of the online application candidates are advised to use the “SAVE AND NEXT” facility to verify the details in the online application form and modify the same if required.
• Candidates are advised to carefully fill and verify the details filled in the online application themselves as no change will be possible/ entertained after clicking the COMPLETE REGISTRATION BUTTON.
• The Name of the candidate should be spelt correctly in the application as it appears in the valid and acceptable photo identity and the candidate should bring the same identity proof at the time of online examination. The certificate/mark sheets should bear the same name of the candidate. The name of the candidate’s father/husband etc. should be spelt correctly in the application as it appears in the certificate/mark sheets. Any change/alteration found in the name of candidate may disqualify the candidature. In case of candidates who have changed their name, they will be allowed only if they produce original Gazette notification / their original marriage certificate / affidavit in original.
• Validate your details and Save your application by clicking the ‘Validate your details’ and ‘Save & Next’ button.
• Candidates can proceed to upload Photo & Signature as per the specifications given in the Guidelines for Scanning and Upload of Photograph and Signature.
• Candidates can proceed to fill other details of the Application Form.
• Click on the Preview Tab to preview and verify the entire application form before COMPLETE REGISTRATION.
• Modify details, if required, and click on ‘COMPLETE REGISTRATION’ ONLY after verifying and ensuring that the photograph, signature uploaded and other details filled by you are correct.
• Click on ‘Payment’ Tab and proceed for payment.
• Click on ‘Submit’ button.
• Please note that the above procedure is the only valid procedure for applying. No other mode of application or incomplete steps would be accepted and such applications would be rejected.

Payment of Fees

• Payment of Application Fee via ONLINE MODE: Candidates have to pay the Application Fee through ONLINE MODE only.

1. The application form is integrated with the payment gateway and the payment process can be completed by following the instructions.
2. The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
3. After submitting your payment information in the online application form, PLEASE WAIT FOR THE INTIMATION FROM THE SERVER. DO NOT PRESS BACK OR REFRESH BUTTON IN ORDER TO AVOID DOUBLE CHARGE
4. On successful completion of the transaction, an e-Receipt will be generated.
5. Non-generation of ‘E-Receipt’ indicates PAYMENT FAILURE. On failure of payment, candidates are advised to login again using their Provisional Registration Number and Password and repeat the process of payment.
6. Candidates are required to take a printout of the e-Receipt and online Application Form containing fee details. Please note that if the same cannot be generated, online transaction may not have been successful.
7. For Credit Card users: All charges are listed in Indian Rupee. If you use a non- Indian credit card, your bank will convert to your local currency based on prevailing exchange rates.
8. To ensure the security of your data, please close the browser window once your transaction is completed.
9. There is facility to print application form containing fee details after payment of fees.

• Candidates shall be solely responsible for filling up the online applications correctly. In case of invalid applications due to errors committed by the applicant, no claims for refund of application money so collected shall be entertained by the Company.

Call letter for Online Exam

• The Centre, venue address, date and time for online examination shall be intimated in the respective Call Letter.
• An eligible candidate should download his/her call letter from the LIC HFL’s website lichousing.com by entering his/ her details i.e. Registration Number/Roll Number and Password/Date of Birth. No hard copy of the call letter/Information Handout etc. will be sent by post/courier.

Remuneration

• Assistant – The starting basic pay of Rs.22,730/- per month in the scale of 22730-1405(1)-24135- 1540(2)-27215-1740(5)-35915-2020(2)-39955-2460(3)-47335-2570(2)-52475 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs.33,960/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.
• Assistant Manager – The starting basic pay of Rs.53,620/- per month in the scale of 53620-2770(14)- 92400-2880(3)-101040 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs.80,110/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.
• Probation Period Assistant: 6 months from the date of joining which may be extended for a maximum period of 6 months.
• Assistant Manager – Before appointment as Assistant Manager, there will be a training period of 1 year as Management Trainee from the date of joining. A consolidated salary of Rs.25,000/- per month will be paid during this training period. The appointment to the post of Assistant Manager will be subject to successful and satisfactory completion of the training period. There will be a probation period of 1 year from the date of appointment as Assistant Manager which may be extended for a maximum period of 1 year.