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LIC ADO Recruitment 2019 Notification out: Check Details

LIC ADO Recruitment 2019

Life Insurance Corporation of India (LIC) has released notification for LIC ADO Recruitment 2019 inviting online applications from eligible candidates who must be Indian Citizens for selection and appointment as Apprentice Development Officer (ADO) under various Zones. A total of 8581 vacancies have been announced. It’s a huge opportunity for those who want to make their career in Insurance Sector. LIC ADO 2019 online application process will start from 20th May 2019 and the Online Preliminary exam is scheduled to be held on 6th & 13th July 2019, while the LIC ADO Mains exam will be held on 11th August 2019. This article is intended to help you get all the information you need to know about the exam, and not just that, to provide you all sure shot strategy to clear the exam in one go, Oliveboard brings to you LIC ADO Mock Test Series. So, read along to check the details:

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LIC ADO Recruitment 2019: Important Dates

Opening date of On-Line Registration of Application and On-line payment of Application Fees/Intimation Charges. 20th May,2019
Last date of On-Line Registration of Application and On-line     payment     of     Application     Fees/Intimation Charges. 9th June,2019
Download of Call letter for On-Line Examination 29th June, 2019 onwards
Dates of Online Examination-Preliminary (tentative) 6th & 13th July, 2019
Dates of Online Examination-Main (tentative) 11th August, 2019

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LIC ADO Recruitment 2019: Payment of fees

Candidate will have to make the payment of Application Fees/Intimation Charges (Non-refundable) through On-line mode only 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.600/- plus Transaction Charges.

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LIC ADO Recruitment 2019: Vacancies

Zone Link Number of vacancies
Central Zone Check Details 525
Eastern Zone Check Details 922
East Central Zone Check Details 701
North Zone Check Details 1130
North Central Zone Check Details 1042
Southern Zone Check Details 1257
South Central Zone Check Details 1251
Western Zone Check Details 1753
Total 8581

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LIC ADO Recruitment 2019: Age

(i)    The applicant shall have completed 21 years of age (in completed years)  and not more than 30 years of age (in completed years) as on 01.05.2019 i.e candidates must have been born not earlier than 02.05.1989 and not later than 01.05.1998 (both days inclusive) as on 01.05.2019.

LIC ADO Recruitment 2019: Qualification

  • For Employees category and Agents category in both Urban and Rural area- Applicant shall possess the Bachelor’s Degree of a University in India established under a statute or approved for the purpose or the Fellowship of Insurance Institute of India,
  • An applicant from Others category for recruitment as an Apprentice Development Officer in both Urban and Rural area shall possess the Bachelor’s Degree of a University in India established under a statute or approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.

Preference may be given to those applicants who have good knowledge of insurance marketing and also those 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 All India Council for Technical Education or a recognized Institution.

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LIC ADO Recruitment 2019: Experience

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

LIC ADO Recruitment 2019: Selection Procedure

Selection will be made on the basis of on-line test followed by an Interview of candidates who qualify in the on-line test and subsequent pre-recruitment Medical examination.

LIC ADO Recruitment 2019: Exam Pattern

(I) On-line Test for Open Market Category:

Selection of Apprentice Development Officer from Open Market Category will be done through two phase examination.

Phase-I: Preliminary Examination:

Preliminary Examination consisting of objective test will be conducted online. The test will have three sections (with separate timings for each section) as follows:

Section Name of test Number      of Questions Maximum Marks Medium of exam Duration
1 Reasoning Ability 35 35 English & Hindi 20 minutes
2 Numerical Ability 35 35 English & Hindi 20 minutes
3 English 30 30** English 20 minutes

TOTAL

100 70 1 hour

** English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking.

Candidates equal to 20 times of number of vacancies in each category, subject to availability, will be shortlisted for Main examination.

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Phase-II : Main Examination:

Main Examination consisting of objective test will be conducted online. Main examination will consist of objective tests for 150 marks.

Section Name of test Number of Questions Maximum Marks Medium of exam Duration
1 Reasoning      Ability      & Numerical Ability 50 50 English & Hindi Composite 120 minutes
2 General Knowledge, Current       Affairs     and English Language with Special Emphasis     on Grammar & vocabulary 50 50 English & Hindi
3 Insurance and Financial Marketing Awareness with special emphasis on knowledge of Life Insurance and Financial Sector 50 50 English & Hindi

TOTAL

150 150

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(II) On-line Test for Agents & Employee Category:

Selection of Apprentice Development Officer from Agents & Employee Category will be done through single phase examination i.e. Main Examination.

Main Examination consisting of objective test will be conducted online. Main examination will consist of objective tests for 150 marks.

(i) For Agents Category :

Section Name of test Number of Questions Maximum Marks Medium of exam Duration
1 Reasoning      Ability      & Numerical Ability 25 10 English & Hindi Composite 120 Minutes
2 General Knowledge, Current Affairs & English   Language  with Special Emphasis     on Grammar & vocabulary 25 15 English & Hindi
3 Elements of Insurance & Marketing  of Insurance. 50 125 English & Hindi
TOTAL 100 150

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(ii) For Employee Category :

Section Name of test Number of Questions Maximum Marks Medium of exam Duration
1 Reasoning Ability & Numerical Ability 25 25 English & Hindi Composite 120 minutes
2

General Knowledge, Current Affairs  & English Language with Special     Emphasis on Grammar and vocabulary

25 25 English & Hindi
3

Practice and Principle of Insurance Marketing

50 100 English & Hindi
TOTAL 100 150

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Candidate MUST obtain minimum qualifying marks in each Section separately and should also obtain minimum marks in the aggregate to qualify for the examinations (Preliminary and Main) and the interview.

Note: There will be no penalty for wrong answers. However, candidates are advised not to mark answers through random guessing.

Interview:

Marks obtained in the Main Examination only will be considered for shortlisting for interview and marks obtained in Main Examination + marks obtained in Interview will be considered for final merit listing of candidates.
Commensurate to the number of vacancies, LIC reserves the right to fix the eligibility standards in order to restrict the candidates to be called for interview and also fix the minimum marks to qualify in the interview. Maximum Interview marks are 37.

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LIC ADO Recruitment 2019: Stipend & Salary

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. An Apprentice Development Officer other than an Employee Apprentice shall be paid equal to the minimum of the basic pay and the dearness allowance thereon on the scale of pay applicable to Development Officers as on the date of commencement of the apprenticeship. At present the amount of stipend is about ₹.34,503/- per month, except in case of candidates selected from LIC Employees category.

A Probationary Development Officer at a specified Headquarter in the area will be placed in the scale of ₹ 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075 plus allowances and other benefits as per rules in force.

On appointment as a Probationary Development Officer, basic pay of ₹ 21,865/- per month (except for Employee Category candidates) in the scale of 21865-1340(2)-24545-1580(2)-27705-1610(17)- 55075 and other admissible allowances as per rules shall be payable.

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Special Allowances:

Total emoluments at the minimum of the scale, inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of city, will be approximately ₹37,345/- in ‘A’ Class City. Other benefits include Gratuity, Defined Contributory Pension Scheme, LTC, Medical Benefit, Group Insurance, Group Personal Accident Insurance, vehicle advance (2-wheeler/4-wheeler), reimbursement towards cost of Brief Case/leather bag, mobile handset, supply of dailies as per rules and on confirmation in service, attractive performance linked Incentives.

LIC ADO Mock Test Series

To help you all not just cover the entire syllabus but also practice it effectively and efficiently, here we bring you all the LIC ADO Mock Test Series. The LIC ADO Online Practice sets will help you practice not just full mocks but also attempt individual Topic Tests and Sectional Tests, watch concept videos, etc. to make sure you have mastered them all. Let’s check what all it offers:

Note:

  • Mock Tests are available in HINDI and ENGLISH both
  • Tests can be taken on Mobile App or PC

Offer Validity31st January, 2020

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This was all from us on this blog of LIC ADO Recruitment Notification 2019. We hope that you find the information provided here useful. Keep visiting this space to stay updated about this recruitment process.  Those who are interested in applying for the LIC ADO job should start preparing for it right away as the LIC ADO Exam date is not very far and considering the syllabus, you need to devote a lot of time to this. Always remember that preparation and practice go hand in hand, so, practice few tests after you complete any topic.

Also, if you wish to get in touch with your fellow competitors for preparation of Bank & Govt. Exams, you can visit Oliveboard’s discuss forum.

All the Best!