Financial Service Executives,  Jobs & Vacancy in Officer at  Life Insurance Corporation of India , Chennai  Nov 2011

Job or Vacancy Description:
Applications are invited from Indian Citizens for the 110 posts of Financial Service Executives (FSE) in Life Insurance Corporation of India (LIC), Divisional Offices of Southern Zonal Office, Chennai on Contract basis for 3 years (renewable depending on the performance) under the jurisdiction of Zonal Office, Chennai  as per details below:
Financial Service Executives :
Qualification : Graduate from a recognised University. Preference will be given to the candidates having Degree /Diploma in Marketing/Management. Good working knowledge of English and Hindi is must. Knowledge of Pwer Point/ Word / Excell will be added qualification.,
Age : 21-35 years. Age relaxation as per rules.,


Selection Procedure : Selection will be based on the performance in the Interview.

Applicaiton Fee : A crosed Demand Draft of Rs. 100/- drawn in favour of “LIC of India” payable at Kolkata. SC/ST/PH candidates are not required to pay any fee. Name of candidates and date of birth should be written on the back of the DD.

How to Apply : Application Form completed in all respects with enclosures should be posted in a closed cover with a superscription on the cover “Engagement of Financial Services Executives, _________ Division, to the concerned Divisional office The Sr. Divisional Manager, LIC of India, Divisional Office________

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.
(b) Corporation takes no responsibility for any delay in receiving the Application Form or loss in postal transit.
(c) Application Form 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 recruitment. The eligible candidates will be intimated separately about the exact date & venue of the examination.
(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 the 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) Agents with in-force licence are not eligible for engagement as FSE.
(h) Spouse of Agent/Employee are not eligible for engagement as FSE.
(i) CANVASSING IN ANY FORM WILL BE A DISQUALIFICATION.

Tentative Last Date: 25-11-2011

About the organization:
The story of insurance is probably as old as the story of mankind. The same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. They too sought to avert the evil consequences of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security. Though the concept of insurance is largely a development of the recent past, particularly after the industrial era – past few centuries – yet its beginnings date back almost 6000 years. 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. The first two decades of the twentieth century saw lot of growth in insurance business.

Address :
Life Insurance Corporation of India (LIC)
Marketing/Bancassurance & Alternate Channels Department,
Southern Zonal Office, Chennai – 600002

VACANCY DETAILS
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