The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor.; it is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 8 Trillion Rupees (or sbout $170 Billion dollars). It was founded in 1956.
Headquartered in Mumbai, which is considered the financial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 101 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India along with satellite Offices attached to about some 50 Branches, and has a network of around 1.2 million agents for soliciting life insurance business from the public.
Approximately 75 Direct Sales Executives are proposed to be engaged by various Offices of the Corporation purely on Contract basis for 3 years under the jurisdiction of Central Zonal Office. The number of engagements may be changed during the selection process depending on the requirements of the office.
Job requirements:
It is primarily a Marketing job. The DSEs shall be directly responsible for Procuring New Business, Providing Policy Servicing and related jobs from the areas allotted to them. They shall also carry out any other instructions given to them from time to time. For this purpose considerable movements including tours covering entire area allotted to them are involved.
1. Eligibility Conditions:
Qualification:
Age:
Spouse of employees / agents of the Corporation shall not be eligible for engagement.
Candidates having valid IRDA license shall not be eligible for engagement.
Remuneration:
Direct Sales Executives on engagement will be paid remuneration which will be entirely performance based. An amount of Rs.10000/- per month will be paid only on achieving the minimum business parameters as prescribed in the scheme. In addition to that, Incentives as per rules for performance exceeding the Minimum Business parameters will be paid.
Selection procedure :
Selection will be made on the basis of a written test if necessary, followed by an Interview of candidates who qualify in the written test. Written Test will be of Objective Type covering Sales aptitude, Test of Reasoning, Numerical Ability and General Knowledge. The date and venue of the written test, if to be conducted, will be communicated to the eligible candidates individually and also posted on the website. Candidates are advised to check the site for this purpose.
For all candidates (other than SC/ST category): Rs.100./-. The Application Fee shall be paid by Demand Draft only (valid for six months), favouring “Life Insurance Corporation of India” and payable at INDORE Candidate’s name and date of birth should be written on the reverse of the Demand Draft.
Last date for receipt of Application Form together with Demand Draft towards application fees will be 05.11.2009. Application Form completed in all respects with enclosures should be posted in a closed cover with a superscription on the cover “Engagement of Direct Sales Executives, INDORE Division, Central Zone” to the following address.
The Divisional Manager,
LIC of India
Divisional Office,
“Jeevan Prakash”,
19 M.G. Road,,P.B. No- 130,
INDORE - 452001
More details of LIC India Jobs :
http://www.licindia.com/pages/Notification_DSEs_CO%20SITE_CZ.pdf
by India Jobs
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