Life Insurance Corporation Of India Lic Jobs for Opening For Apprentice Development Officers in Delhi , Mumbai , Chennai , Kolkata , Hyderabad , Pune , Bangalore , Gurgaon , Noida , Ghaziabad
Life Insurance Corporation Of India LIC
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Job Description
Online Applications are invited from eligible candidates who must be Indian Citizens for selection and appointment for following posts of Apprentice Development Officers (ADO) in the jurisdiction of following 8 Zonal and various Divisional Offices in its: Central Zonal Office, Bhopal : 363 posts in 8 Divisional Offices South Central Zonal Office, Hyderabad : 699 posts in 17 Divisional Offices North Central Zonal Office, Kanpur : 622 posts in 14 Divisional Offices East Central Zonal Office, Patna : 506 posts in 11 Divisional Offices Southern Zonal Office, Chennai : 679 posts in 12 Divisional Offices Western Zonal Office, Mumbai : 918 posts in 18 Divisional Offices Eastern Zonal Office, Kolkata : 597 posts in 12 Divisional Offices North Zonal Office, Delhi : 682 posts in 14 Divisional Offices Pay Scale : Rs. 11535-28865 Stipend of Rs.23828/- per month during training period.
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Candidate Profile
Bachelors Degree of a University in India established under a statute or a foreign university approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai. Preference may be given to those applicants who possess Masters Degree in Business Administration in Marketing or Post Graduate Diploma in Marketing from a University in India established under Statute or by an Institute approved by AICTE or a recognized Institution.
Preference would be given to candidates who have at least 2 years experience in life insurance industry.
Age : 21-30 years as on 01/06/2015. Relaxation in age as per rules.
Selection Procedure : Selection will be made on the basis of a Online Test 19/07/2015 and 25/07/2015.
Application Fee : Rs. 500/- (Rs.50/- fee for SC/ST) to be paid Online only. by Fees Payment Challan only at any branch of State Bank of India. The receipt should be kept with yourself and should be produced at the time of written test.
Looking for Any Graduate graduates profile.
2016-05-02 to 2016-06-02
Company Profile
About Life insurance corporation of india lic
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.
Life Insurance Corporation Of India Lic Jobs for Opening For Apprentice Development Officers in Delhi , Mumbai , Chennai , Kolkata , Hyderabad , Pune , Bangalore , Gurgaon , Noida , Ghaziabad