Thursday, November 22, 2012

LIC : Vacancy for 5201 Apprentice Development Officers Nov 2012

LIFE INSURANCE CORPORATION OF INDIA

LIC india invites application for the post of Apprentice Development Officers  in the jurisdiction of the various Divisional Offices under various zone.

Apprentice Development Officers (ADO) :5201.

1. South Zone :679.
2. South Central Zone :613.
3. Central Zone :349 .
4. East Zone :669.
5. East Central Zone :564.
6. Western Zone :941.
7. Northern Zone :817.
8. North Central Zone :569.

Agelimit : 21-30 years as on 01.11.2012.

Remuneration : During the apprentice period, the candidate selected as Apprentice Development Officer will be paid a fixed amount as stipend per month as per rules of the Corporation. At present the amount of stipend is about Rs.19165/- per month, except in case of candidates selected from LIC Employees category.

On appointment as a Probationary Development Officer, basic pay of Rs. 11535/- per month (except for Employee category candidates) in the scale of 11535-700(2)- 12935-825(2)-14585-840(17)-28865 and other admissible allowances as per rules shall be payable. Total emoluments will be approximately Rs.22065/-. Other benefits include Gratuity, Defined Contributory Pension Scheme, LTC, Medical Benefit, Group Savings Linked Insurance (GSLI), Group Personal Accident Insurance, vehicle advance (2-wheeler/4-wheeler) as per rules and on confirmation in service, attractive performance linked Incentives.

Fee : Rs.500/- for General and OBC Candidates (NO fee for SC/ST) – Fee payment will be accepted from 2nd working day after registration and can be made within three working days then after at any branch of State Bank of India. Details of  Branches of State Bank of India will be available while registering on-line application. System generated fee payment challan will be used for depositing fee.(For example, if candidate has registered on 22.11.2012 then candidate will be able to deposit the fees from 24th  to 29th  November,2012,considering 25th and 28th   are non-working days). Once the fee is paid, the registration process will be complete.  Candidate should ensure State Bank of India Branch Code, Journal Number along with Branch Seal on the Candidate’s copy of the Challan.  Candidates are advised to preserve the fees payment challan with them for reference and use in future.

How to Apply : Apply online through http://www.licindia.in/careers.htm before 22/12/2012 (22 December 2012).

Payment of application Fee : 24/12/2012 - 29/12/2012.
Download Call letter for online exam : 20/01/2013 (20 January 2013).

Advertisement : http://www.licindia.in/careers_pop0001.htm

About LIC india :
Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. However, later with the efforts of eminent people like Babu Muttylal Seal, the foreign life insurance companies started insuring Indian lives. But Indian lives were being treated as sub-standard lives and heavy extra premiums were being charged on them. Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870, and covered Indian lives at normal rates. Starting as Indian enterprise with highly patriotic motives, insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of society. Bharat Insurance Company (1896) was also one of such companies inspired by nationalism. The Swadeshi movement of 1905-1907 gave rise to more insurance companies. The United India in Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were established in 1906. In 1907, Hindustan Co-operative Insurance Company took its birth in one of the rooms of the Jorasanko, house of the great poet Rabindranath Tagore, in Calcutta. The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) were some of the companies established during the same period. Prior to 1912 India had no legislation to regulate insurance business. In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed. The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage.
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