LIC ADO Recruitment 2019: Important FAQs

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LIC ADO Recruitment 2019: Important FAQs


LIC ADO 2019: FAQs

As you all know that  Life Insurance Corporation (LIC) has released the notification for the post of Apprentice Development Officer (ADO). The total number of vacancies are 8581 (approx.) in 8 zones. All those who couldn't perform well in previous year exams have got an another golden chance to secure a job. All those who seek to make headway in their career with the insurance sector & sales can apply for the post and get a job in this sector. Here are the answers to frequently asked questions about LIC ADO Notification 2019.

 ☛ What are the posts available on this recruitment project?
The post which is available in this recruitment process is of Apprentice Development Officer (ADO) classified into three streams, namely, Agents Category, Employees Category and Open Market Category. The Apprentice Development Officers will be recruited for Urban and Rural Areas and the selected candidates will have to work in these areas


‘Agents Category' - An individual appointed or engaged by the Corporation for the purpose of soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance pertaining to the Corporation.

‘Employee Category’ -
means a confirmed whole-time salaried employee of the Corporation belonging to Class III.

‘Others Category’ - means the candidate from the open market.

NOTE: The number of ADOs recruited from among the Employee Category shall not exceed 15%, from Agents Category shall not exceed 25% and from Others Category shall not exceed 60% of the total number of vacancies for recruitment of Apprentice Development Officers.

☛ What is the Job Profile of LIC ADO?
It is primarily a sales supervision job. The selected candidates will be required to sponsor suitable persons to be appointed as Life Insurance Agents, train them properly, and help the recruited agents to sell life insurance to maximum number of persons. 

☛ When will be the exam conducted?
The Tentative dates for Preliminary Exam is expected to be held on 6th & 13th July 2019.
The Tentative dates for Main Exam 10th August 2019.

☛ How many vacancies are there?
The number of vacancies is 8581 (approx.) for ADO in LIC spread across 8 zones within the country.  Zone wise vacancies are as follow:

  • Northern Zonal Office, New Delhi - 1130
  • Southern Zonal Office, Chennai - 1257
  • Eastern Zonal Office, Kolkata - 922
  • Western Zonal Office, Mumbai - 1753
  • Central Zonal Office, Bhopal - 525
  • East Central Zonal Office, Patna - 701
  • North Central Zonal Office, Kanpur - 1042
  • South Central Zonal Office, Hyderabad - 1251

☛ Is there any provision for EWS?
Yes! Separate vacancies are mentioned for EWS Quota. Please refer LIC ADO 2019 official notification for details.

☛ When will the registration start?
Registration will begin from 20th May 2019.

☛ What is the last date to apply for this post?
The last date to apply for this post is 09th June 2019.

☛ What is the selection procedure/exam pattern of LIC ADO 2019?
The selection process/exam pattern for LIC ADO is different for all the 3 streams.

On-line Test for Open Market Category:

Phase-I: Preliminary Examination:

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.

Phase-II: Main Examination:

Section Name of test Number of
Questions
Maximum
Marks
Medium of exam Duration
1 Reasoning Ability &
Numerical Ability
50 50 English & Hindi Composite
Time of
120 Minutes
2 General Knowledge,
Current Affairs and
English Language with
Special Emphasis on
Grammar and 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
Total 150 150

For Agents Category:

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

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

For Employee Category:

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

Section Name of test Number of
Questions
Maximum
Marks
Medium of exam Duration
1 Reasoning Ability &
Numerical Ability
25 25 English & Hindi Composite
Time of
120 Minutes
2 General Knowledge,
Current Affairs and
English Language with
Special Emphasis on
Grammar and vocabulary
25 25 English & Hindi
3 Practice and Principle of
Insurance Marketing
50 100 English
Total 150 150

Interview (For All the Categories):

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. Maximum Interview marks are 37.

☛ Will the exam be conducted online or offline (OMR Based)?
Common Written Exam for LIC ADO will be conducted online (Both Prelims and Mains).

☛Is There any Negative Marking in LIC ADO 2019?
There will be no penalty for wrong answers. However, candidates are advised not to mark answers through random guessing.

☛ What is the age criteria to apply in this common written exam?
Minimum Age: 21 years
Maximum Age: 30 years, as on 1st May 2019.
i.e. a candidate must have been born not earlier than 2nd May 1989 and not later than 1st May 1998 (both dates inclusive).

☛ What is the educational qualification required for various categories in this recruitment process?
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, Mumbai.

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.

☛ What is the Application Fee?
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.

☛ Is there any prior experience mandatory for this post?
The applicant should have the requisite experience as on 01.05.2019 as indicated below:-

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 Rs.
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 Rs. 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.

☛ What is the salary of LIC ADO?
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. At present the amount of stipend is about Rs. 34,503/- per month, except in case of candidates selected from LIC Employees category.

On appointment as a Probationary Development Officer, basic pay of Rs. 21,865/- per month (except for Employee Category candidates) in the scale of 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075. Total emoluments at the minimum of the scale, will be approximately Rs. 37,345/- in ‘A’ Class City.




     

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