LIC Housing Finance Limited Detailed Guide: LIC HFL Recruitment 2018

LIC HFL Notification 2018

Life Insurance Corporation – Housing Finance Limited is inviting online applications from eligible candidates for appointment as LIC HFL Assistant/Associate/Assistant Manager.

To view detailed LIC HFL Recruitment Advertisement, use the given link LIC HFL Recruitment Advertisement 2018
To apply for LIC HFL vacancies, use the given link Click here to apply for LIC HFL Vacancy

Important Dates

Time and Activity Schedule 
Activity Date
Start of online registration and payment of fees 21.08.2018
End of online registration and payment of fees 06.09.2018
Downloading of Call letters for Online Examination 24.09.2018
Online Examination for Assistant (tentative) 06.10.2018 or 07.10.2018
Online Examination for Associate (tentative) 06.10.2018 or 07.10.2018
Online Examination for Assistant Manager (tentative) 06.10.2018 or 07.10.2018

LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/ personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment.


Vacancies for LIC HFL Recruitment 2018

The vacancies for the posts of LIC HFL Assistant and Associate are listed via state-wise requirement. For Assistant Manager, posting may be anywhere in India based on the requirement of the Company as under:

State/Union Territory Assistant Associate Assistant Associate Manager
Chhattisgarh   5 2 100
Madhya Pradesh 11 2
Bihar 6 2
Jharkhand 1 0
Odisha 5 2
Tripura 1 0
West Bengal 11 2
Uttar Pradesh (excluding NCR) 20 3
Uttarakhand 1 2
Delhi (including NCR) 8 2
Haryana (excluding NCR) 1 0
Himachal Pradesh 1 0
Punjab 2 0
Rajasthan 5 2
Chandigarh 1 2
Karnataka 10 4
Andhra Pradesh 9 4
Telangana 7 3
Kerala 0 2
Puducherry 1 0
Tamil Nadu 19 8
Gujarat 8 2
Maharashtra 17 6
 TOTAL  150 50 100
Note: Candidates can apply for only one post      


LIC HFL Recruitment 2018: Details of Assistant and Associate and Associate Manager Post

Pay-Scale

Post-wise renumeration, total monthly emoluments and other allowances are as mentioned below:

Post Renumeration
Assistant

The starting basic pay of Rs. 13,980/- per month in the scale of 13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 – 1565(2) – 32110 and other admissible allowances as per rules shall be payable.

Total emoluments per month will be approximately Rs. 22,257/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.

Associate

The starting basic pay of Rs. 21,270/- per month in the scale of 21270 – 1485(3) – 25725 – 1665(15) – 50700 and other admissible allowances as per rules shall be payable.

Total emoluments per month will be approximately Rs. 33,498/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.

Assistant Manager

 The starting basic pay of Rs. 32,815/- per month in the scale of 32815 – 1685(14) – 56405 – 1755(3) – 61670 and other admissible allowances as per rules shall be payable.

Total emoluments per month will be approximately Rs. 52,200/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules.


Probation Period for 
LIC HFL Posts 2018

For all posts under the LIC HFL recruitment scheme there is a probation period to be completed by selected candidates. This is as follows:

Assistant/Associate 


6 months from the date of joining which may be extended for a maximum period of 6 months.

Assistant Manager


Before appointment as Assistant Manager, there will be a training period of 1 year as Management Trainee from the date of joining. A consolidated salary of Rs. 25,000/- per month will be paid during this training period. The appointment to the post of Assistant Manager will be subject to successful and satisfactory completion of the training period. There will be a probation period of 1 year from the date of appointment as Assistant Manager which may be extended for a maximum period of 1 year.

 

LIC HFL Eligibility Details for Assistant and Associate and Associate Manager Post

Eligibility Criteria  Assistant  Associate Assistant Manager
Nationality Indian
Age (as on 01.01.2018)  21-28 years
Computer Skills Yes
Educational Qualification (as on 01.01.2018) Graduate (minimum aggregate 55% marks) Graduate (minimum aggregate 60% marks) and CA-Inter Graduate (minimum aggregate 60% marks)
and Two years full time MBA/ Two years full time MMS/ Two years full time PGDBA/ PGDBM/PGPM/PGDM in any discipline from a recognized university/ institute/ board (minimum aggregate 60% marks).(Course completed through correspondence/part-time are not eligible)

 

LIC HFL Mode of Selection

Name of the Post Selection Procedure 
Assistant, Associate and Assistant Manager Online Examination and Interview
The online examination will be separate for Assistant, Associate and Assistant Manager.  
It will be in English language only.


LIC HFL Examination Pattern

Mode: Online examination

Type: Objective type with multiple choice

Exam Duration: Total two hours duration

Exam Pattern:

Sr. No.  Section  No. of questions  Maximum Marks  Duration
1 English Language 50 50 35 minutes
2 Logical Reasoning 50 50 35 minutes
3 General Awareness 50 50 15 minutes
4 Numerical Ability 50 50  35 minutes

Marking Scheme:

  • The online examination will be separate for Assistant, Associate and Assistant Manager. It will be in English language only.
  • There will be penalty for wrong answers in the online examination.
  • For every wrong answer to a question given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is given by the candidate; there will be no penalty for that question.
  • LIC HFL reserves the right to fix the minimum cut- off marks, section wise as well as on total in the online examination in order to finalize the number of candidates to be called for the Interview

Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit based on their respective Marks in Online Examination for Assistant/Associate/Assistant Manager will be called for interview.

The final merit list and selection of candidates will be separate for each post of Assistant, Associate & Assistant Manager and will be done on the basis of combined marks of Online Examination and Interview strictly according to the merit ranking, subject to minimum qualifying marks in the Interview.



LIC HFL Application 2018

Candidates are necessarily required to apply Online through LIC HFL’s website (www.lichousing.com) under the heading “Careers”. No other means/mode of applications will be accepted.

To apply for LIC HFL vacancies, use the given link Click here to apply for LIC HFL Vacancy

Application Fees:

Payment of Application Fee via ONLINE MODE: Candidates have to pay the Application Fee through ONLINE MODE only.

Post Application Fee
Assistant Rs. 500/-
Associate Rs. 500/-
Assistant Manager  Rs. 500/-

GST @ 18% will be charged on Application Fee.


On successful completion of the registration, a registration number and password will be generated. Candidates should note their registration number and password.