LIC ADO NOTIFICATION 2018 RELEASING SOON

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LIC issues ADO ( Apprentice Development Officers) Recruitment Notification every year. Now the notification for the year 2018 is going to release very soon. The notification may release in the month of August as per the last year's notification. Candidates who wish to get the Central Govt Jobs can check the LIC Apprentice Development Officers Recruitment Notification very soon. Interested and Eligible contenders may apply for the LIC Recruitment. Selection will be made on the basis of performance in the on-line Examination followed by a personal interview of short listed candidates and subsequent Pre-Recruitment Medical Examination.

Contents

1. About LIC

2. LIC ADO Important Dates

3. LIC ADO on-line Examination Pattern (Phase I)

4. LIC ADO Interview (Phase II)

5. LIC ADO Eligibility criteria

6. LIC ADO Pay Scale

7. LIC ADO Guarantee Bond

8. LIC ADO Application Fees

1. About LIC:

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company.

2. LIC ADO Important Dates

Events Dates

A start date  for Online Registration of Applications

To be released very soon

Last date for Online Registration & Online Payment of Application Fee/Intimation Charges

Notify Later

Dates of Online Examination (Tentative)

Notify Later

3. LIC ADO on-line Examination Pattern (Phase I)

Examination Pattern: 

The on-line examination will be of objective type, multiple choices of 120 minutes (2 hrs) duration comprising of
the following:

Test
Name of the Test
No. of
Questions
Marks
Time
PAPER I
Composite Time of 120 minutes
I
Reasoning Ability
25
25
II
Numerical Ability
25
25
PAPER II
III
General
Knowledge and
Current Affairs
25
25
IV
English Language
With special
Emphasis on
Grammar and
Vocabulary
25
25
PAPER III
V
Insurance and Financial
Marketing
Awareness with
special emphasis
on knowledge of
Life Insurance and
Financial Sector
50
50
TOTAL
150
150

Negative Marking: one fourth (1/4)

4. LIC ADO Interview (Phase II):

The successful candidate will be eligible to be called for an Interview. Candidates shall be ranked in the order of the aggregate of their marks in the online test and the interview and selection shall be made from among them in the order of their merit having regard to the number of Apprentice Development Officers proposed to be recruited.

5. LIC ADO Eligibility criteria:

Age  eligibility:

Minimum Age: 21 years

Maximum Age: 30 years

Educational Qualification:

Bachelor/Master’s Degree from a recognized Indian University/ Institution.

Experience:

Category of
Applicant
For Recruitment in Urban Area
For Recruitment in
Rural Area
i) LIC
Employees
Not less than 3 years of service after confirmation in Class III post
ii) LIC agents
Not less than 5 years as an agent and has brought a net First Year Premium Income of not less than Rs. 5,00,000/- during the immediately preceding 5 agency years and a net First Year Premium Income of not less than Rs. 1,00,000/- on 50 lives in each of any
3 of these agency years.
Not less than 4 years as an agent and has brought a net First Year Premium Income of not less than Rs. 1,00,000/- on 50 lives per year in any 3 of the immediately preceding 4 agency years.
iii) Other
Preference would be given to candidates who have at least 2
years experience in life insurance industry.

6. LIC ADO Pay Scale:
On appointment as an ADO, 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 (Under Revision) and other admissible allowances as per rules shall be payable. Total emoluments will be approximately Rs.26736/-. per month.

7. LIC ADO Guarantee Bond:
Before joining as Apprentice Development Officer, candidates will be required to give the undertaking to serve the Corporation for a minimum period of four years from the date of joining (including apprenticeship period) failing which he/she or his/her heirs, executors, administrators will be liable to pay liquidated damages of Rs. 25,000 (Rupees Twenty Five Thousand only) to the Corporation. The candidate will have to submit an Indemnity Bond of Rs. 25,000/- (Rupees Twenty Five Thousand only) duly stamped and executed by a Surety of sound financial standing and not related to the candidate. The stamp value of the Bond will be as applicable to the State in which the bond is executed.

8. LIC ADO Application Fees:
Candidates will have to make the payment of Application Fees/Intimation Charges through the On-Line Mode as under:

For SC/ST Candidates
Intimation      Charges      of     Rs.50/-      plus Transaction Charges
Other than SC/ST Candidates
Application Fees-cum-Intimation Charges of
Rs.500/- plus Transaction Charges.

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