Life Insurance Corporation Logo

LIC HFL Recruitment 2024: Latest News, Eligibility, Salary & Vacancies

January 19, 2024

Table of Contents

Table of Contents

THE LIC HFL Recruitment exam is a highly competitive and sought-after exam conducted by LIC Housing Finance Limited (LIC HFL) for the recruitment of eligible candidates for various posts in the organization. The LIC HFL Recruitment exam is conducted annually for various posts such as Assistant, Associate, and Assistant Manager.
The exam is conducted in multiple stages, including an online written test, followed by an interview round. The written exam consists of objective-type questions covering various topics such as Reasoning Ability, Numerical Ability, English Language, and General Awareness. The exam is designed to assess the candidate’s knowledge, skills, and aptitude required for the post they are applying for.
The LIC HFL Recruitment exam offers a great opportunity for candidates looking to start their career in the housing finance sector. With a competitive salary, job security, and numerous growth opportunities, the LIC HFL is an attractive employer for candidates looking for a stable and rewarding career. Candidates who successfully clear the LIC HFL Recruitment exam can expect to work in a dynamic and challenging environment, where they can contribute towards the growth and success of the organization.

LIC HFL

About LIC HFL:

Company NameLIC Housing Finance Limited (LIC HFL)
Year of Establishment1989
HeadquartersMumbai, India
Services OfferedHome loans, loan against property, balance transfer of existing home loans, and other related services
Number of BranchesOver 300
Number of EmployeesOver 10,000
Official Websitewww.lichousing.com

LIC HFL is a leading housing finance company in India, established in 1989. The company is headquartered in Mumbai and has over 300 branches across the country. LIC HFL provides a wide range of housing finance products and services, including home loans, loans against property, balance transfer of existing home loans, and other related services. The company has a strong workforce of over 10,000 employees who are committed to providing excellent customer service and driving the growth of the organization.

LIC HFL Recruitment 2024: Overview

Exam SummaryDetails
Organization LIC HFL
Post NameApprenticeship
Vacancy250
Application ModeOnline
Exam Mode  Online
Recruitment ProcessOnline Written test, Interview
Education QualificationGraduate (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). Courses completed through correspondence/part-time are not eligible.
Age Limit21-28 years
SalaryAssistant- Rs. 33,960/- pm
Assistant Manager- Rs. 80,110/- pm
Official Websitehttps://www.lichousing.com/

LIC HFL Recruitment Notification 2024

The LIC HFL Recruitment Notification 2024 is yet to be posted on the company’s official website. Candidates can refer to the previous year’s notification for reference.

Apprentecis-Advertisement-Notification-LICHFL-2023

LIC HFL Recruitment Dates 2024

The LIC HFL Recruitment 2024 Notification has been rolled out conveying the important dates to apply for the post of LIC Assistant & Assistant Manager along with other important details.

EventsTentative Dates
LIC HFL Recruitment Notification Release22nd December 2023
Commencement of online registration of application22nd December 2023
Closure of registration of application31st December 2023
LIC HFL Exam Date 6th January 2024
LIC HFL ResultTo Be Notified

LIC HFL Recruitment Application

LIC HFL Apply Online:

If you are interested in applying for the LIC HFL Examination. You can refer to the steps given below:

  • Go to LIC HFL’s official website.
  • Click on the “Careers” option on the homepage of LIC Housing Finance Limited.
  • The “Job Opportunities” page will open up.
  • Go through the LIC HFL recruitment notification by clicking on the “click here” link next to the “To View Detailed Advertisement” link.
  • After reading the LIC HFL recruitment notification click on the “click here” link next to the “To Apply Online” link.
  • A new page will open to apply for the LIC HFL recruitment.
  • Select the “Click here for new registration” option.
  • After going through the important points click on “Continue”.
  • You must mention your Full name
  • Confirm your mobile number.
  • Enter your verified email ID.
  • Verify the security code as shown in the image.
  • Click on “Save & Next”.
  • Your registration will be completed.
  • Registration number and password will be sent to your verified mobile number and email.
  • Upload your scanned photograph and signature and click “Next”.
  • Enter your personal, academic, and other details such as the post you want to apply for, your mark sheets, etc. and click on “Save & Next”.
  • Make sure all the details you entered are correct and then click on “Save & Next”.
  • Upload your hand-written declaration.
  • Make the payment of your LIC HFL application fees by going to the “Payment” option.
  • Click on “Submit” and take out a copy of the form for your reference.

Documents required for applying online: –

  • Your certificates of merit, qualification/University Degree/ mark sheets (up to higher education)
  • Scanned copies of your photographs, your signature, your left thumb impression, and your hand-written declaration
  • Your Debit and Credit card, Internet banking, and mobile wallets for online payment.

The specifications of the document: –

DocumentRequired dimensionsSize of file
Photo200×300 pixels20 KB to 50 KB
Signature140×60 pixels10 KB to 20 KB
Left-thumb impression240×240 pixels20 KB to 50 KB
Handwritten declaration800×400 pixels50 KB to 100 KB
  • Your photograph must be recent and in passport size.
  • You must use a black ink pen and a white sheet of paper for the signature.
  • Your left thumb impression should be on white paper with black or blue ink.
  • Your signature and handwritten declaration should not be in capital letters.

You must submit the documents as per the specifications given by the governing body. Therefore, the documents must be up to date and the size of your files should not exceed the given limit. Your handwritten declaration should be framed properly on white paper with a blue or black ink pen.

LIC HFL Application Fees

If you are applying for the LIC HFL exam you are required to pay a certain amount of fees for the application form. Therefore, below is the classification of the application fee amount to be paid for different posts. The Application fee applies to all candidates and is non-refundable.

PostApplication Fee
AssistantRs. 800/-
Assistant ManagerRs. 800/-

A GST of 18% will be charged on the application fees of Assistant, Assistant Manager, and Associate posts, and the only available mode to pay the fees is through online transactions via Debit/Credit card, Net banking, or mobile wallet options.

LIC HFL Eligibility Criteria 2024

The eligibility criteria for the exam depend on the governing body. The vacancies, age limit, qualification, etc. Depends on the different governing bodies as per their requirements. You must check the given eligibility criteria for all three posts and keep track of the recent updates.

To apply for the Assistant and Assistant Manager positions in LIC HFL Recruitment 2024, candidates must satisfy the eligibility requirements specified in the LIC HFL Notification PDF.

Eligibility CriteriaLIC HFL AssistantLIC HFL Assistant Manager
NationalityIndianIndian
Age (as on 01.01.2022)21-28 years21-28 years
Age (as of 01.01.2022)Graduate (minimum aggregate 55% marks)Educational Qualification (as of 01.01.2022)
Computer SkillsYesYes

Note: The eligibility criteria for LIC HFL Recruitment 2022 includes a requirement for candidates to have a birthdate falling between 02.01.1994 and 01.01.2001, inclusive of both dates. This means that candidates must have been born on or after 2nd January 1994 and on or before 1st January 2001. Candidates who were born before 2nd January 1994 or after 1st January 2001 are not eligible to apply for the recruitment process.

Before applying for the LIC HFL exam, you must keep in mind the important points:

  • You must have all the necessary documents to prove your eligibility for the LIC HFL exam.
  • ST/SC/OBC must have a caste certificate during registration.
  • Your educational qualification should be from a university/college recognized by the government of India.
  • You must upload your marks calculated to the nearest two decimal places.
  • Your marks must be converted into percentage format if mentioned in CGPA.

LIC HFL Admit Card

You will be issued an Admit card or Call letter separately for each round. The Admit Card can be downloaded from the official LIC HFL website by logging in using your Registration number and Date of Birth.

The LIC Housing Finance Ltd. shall probably release the LIC HFL exam call letter 7 to 10 days before the exam date. Once the admission card for the exam is made available by the LIC HFL, the students can get their letters. Carrying the LIC HFL Admit Card to the exam centre is mandatory as proof of identity and allows entry into the exam hall.

Obtain your LIC HFL Admit Card through the following procedure:

  • Step 1: Check out LIC Housing Finance Ltd’s official webpage.
  • Step 2: Click on the link for the Recruitment/ Careers section.
  • Step 3: Look for the link to download the admit card for the respective exam and click on it.
  • Step 4: To sign in, insert your enrollment number and passcode.
  • Step 5: The exam ticket will appear on the computer screen.
  • Step 6: Verify the details on the admit card, such as name, roll number, exam date, and venue.
  • Step 7: The admission card can be downloaded and printed for future reference.

Important points to note:

  • Without the Admit Card, you won’t be allowed to take the examination because the Admit Card/ Hall Ticket contains all the necessary details to appear for the examination.
  • A notification about the availability of the Admit Card will be sent to your registered mobile numbers through SMS or email. After receiving the notification, you can download the Admit Card from the official website.
  • You must inform the exam authority of errors or issues in the admit card.
  • You can contact the LIC HFL Headquarters by writing an email at lichousing@lichousing.com or you call the LIC helpline 91-022 6827 6827
  • The exam conducting body allows the centres.
  • Vacancies are region-wise; you cannot apply for different posts from different regions.
  • You will be disqualified if you appear for the same examination twice.
A Part-time Job that Pays like Full-time

LIC HFL Exam Pattern

The LIC HFL (Housing Finance Limited) Exam is conducted in two stages, the online examination and the interview. Candidates who qualify for the online examination will be called for an interview. The following is the detailed pattern of the LIC HFL Exam:

Stage 1: Online Examination

The online examination is an objective type test consisting of 200 questions. The duration of the exam is 2 hours. The maximum mark for the exam is 200. The exam is divided into four sections: English Language, Logical Reasoning, General Awareness, and Numerical Ability. The following table gives a detailed analysis of the LIC HFL Exam Pattern:

SnoSectionNo. of QuestionsMarksDuration
1English Language505035 minutes
2Logical Reasoning505035 minutes
3General Awareness (with special emphasis on Housing Finance Industry)505015 minutes
4Numerical Ability (For Assistant)
Quantitative Aptitude (For Assistant Manager)
505035 minutes
Total200200120 minutes

Note: There will be negative markings for wrong answers. 0.25 marks will be deducted for each wrong answer.

Stage 2: Interview

Candidates who qualify for the online examination will be called for an interview. The interview will be conducted for a total of 50 marks. Candidates will be assessed based on their communication skills, personality, academic background, work experience, and other factors.

The final merit list will be prepared based on the marks obtained in the online examination and the interview. The weightage of the online examination and the interview will be in the ratio of 80:20, respectively.

Here is the table format of the LIC HFL Exam Pattern:

StageName of TestType of TestDurationNumber of QuestionsMaximum MarksSubjects
1Online ExaminationObjective2 hours200200English Language, Logical Reasoning, General Awareness, Numerical Ability
2InterviewDescriptiveNANA50Communication Skills, Personality, Academic Background, Work Experience, etc.

Note: The weightage of the online examination and the interview will be in the ratio of 80:20, respectively.

LIC HFL Syllabus 2024

The LIC HFL recruitment exam syllabus covers four main sections: Reasoning Ability, Numerical Ability and Data Interpretation, General Awareness, and English Language. Here is a detailed syllabus for each section:

Reasoning Ability

  • Puzzles
  • Seating Arrangement
  • Coding-Decoding
  • Blood Relations
  • Direction Sense
  • Inequalities
  • Syllogism
  • Input-Output
  • Data Sufficiency
  • Order and Ranking
  • Alphanumeric Series
  • Distance and Direction
  • Verbal and Non-Verbal Reasoning

Numerical Ability and Data Interpretation

  • Number System
  • Simplification/ Approximation
  • HCF and LCM
  • Percentage
  • Profit and Loss
  • Simple and Compound Interest
  • Ratio and Proportion
  • Time and Work
  • Time, Speed and Distance
  • Mensuration
  • Permutation and Combination
  • Probability
  • Data Interpretation (Tabular, Bar Graph, Line Graph, Pie Chart)

General Awareness

  • Current Affairs (National and International)
  • Static GK (Sports, History, Geography, Awards, Books and Authors, etc.)
  • Banking and Financial Awareness
  • Economic Survey and Budget
  • RBI Guidelines and Monetary Policies

English Language

  • Reading Comprehension
  • Error Spotting
  • Phrase Replacement
  • Sentence Improvement
  • Para Jumbles
  • Cloze Test
  • Fill in the Blanks
  • Vocabulary (Synonyms, Antonyms, Idioms and Phrases)

Candidates must have a strong foundation in all these topics to perform well in the LIC HFL recruitment exam. Practice and regular revision are essential to score well in the exam. Candidates can read various study materials, online resources, and mock tests to prepare thoroughly for the exam.

LIC HFL Probation period:

The probation period for the LIC HFL is different for each post. Refer to the points given below:

  • Assistants and Associates: You will get a six-month probation period if you apply for the posts of assistant or associate.
  • For Assistant Managers: And the Assistant Manager you will get a one-year training as a management trainee starting from the day of joining.

LIC HFL Result

The LIC HFL result is generally announced a few weeks after the online examination and the interview are completed. The result is declared on the official website of LIC HFL, and candidates who have appeared for the exam can check their results by following the steps mentioned below:

  1. Visit the official website of LIC HFL – lichousing.com.
  2. Click on the “Career” tab on the home page.
  3. Select the “Recruitment for Assistant/Associate/Assistant Manager” option.
  4. Click on the “Result” link for the respective stage of the exam (online examination or interview).
  5. The result will be displayed on the screen as a PDF file.
  6. Candidates can check their roll number and name in the PDF file to know their results.

The LIC HFL result for the online examination indicates whether the candidate has qualified for the next stage of the recruitment process (i.e., the interview). The result of the interview indicates whether the candidate has been selected for the respective post (Assistant, Associate, or Assistant Manager).

Candidates who have cleared the online examination and interview must undergo document verification and medical examination before the final selection. The final merit list is prepared based on the combined marks obtained by the candidates in the online examination and the interview. The selected candidates are then offered an appointment in the respective Assistant, Associate, or Assistant Manager post in LIC HFL.

LIC HFL Cutoffs

The cutoffs of the LIC HFL Exam are published based on the categories of the candidates. The previous year’s cutoffs are mentioned for the assistant manager and assistant post.

CategoryAssistantAssistant Manager
General145-150150-155
OBC140-145145-150
SC135-140140-145
ST130-135135-140

LIC HFL Salary

The salary for each position is different. It depends on the position and has a fixed remuneration for that post. The salary keeps on changing according to performance as well as experience.

LIC Housing Finance Limited offers attractive pay packages to its employees, along with various benefits and allowances. The salary structure for the post of assistant manager and assistant manager is as follows:

Assistant-: The basic pay for the Assistant post is in the range of Rs. 14,435 to Rs. 40,080 per month, along with other benefits such as DA, HRA, medical benefits, etc. The gross monthly salary can range from Rs. 22,257 to Rs. 52,976, depending on the location of the posting and other factors.

Assistant Manager-: The basic pay for the Assistant Manager post is in the range of Rs. 32,815 to Rs. 61,670 per month, along with other benefits such as DA, HRA, medical benefits, etc. The gross monthly salary can range from Rs. 49,805 to Rs. 77,840, depending on the location of the posting and other factors.

In addition to the basic salary, LIC Housing Finance Limited (LIC HFL) employees are entitled to various benefits and allowances that make their employment even more rewarding. Some of the benefits and allowances that employees are eligible for include leave travel allowance, medical benefits, housing rent allowance, performance bonuses, and gratuity.

Leave travel allowance (LTA) is a benefit that allows employees to claim reimbursement for travel expenses incurred during their leave period. This benefit helps employees to explore different places and spend quality time with their families.

Medical benefits are provided to employees to cover their medical expenses. This benefit can include medical insurance coverage, reimbursement of medical bills, and regular health checkups.

Housing rent allowance (HRA) is another benefit to help employees cover their rent expenses. This is especially useful for employees who are posted to cities with high cost of living.

Performance bonuses are provided to employees as a recognition of their hard work and dedication. These bonuses can be in the form of cash or non-cash incentives.

Gratuity is a retirement benefit that is provided to employees who have completed a certain number of years of service. This benefit helps employees to plan for their retirement and ensures financial stability in their post-retirement years.

Overall, the salary structure and benefits offered by LIC HFL make it an attractive workplace for many job seekers. The company is known for its employee-friendly policies and culture, which help to create a positive work environment for its employees.

LIC HFL Preparation Tips

As given in the syllabus the subjects on which the objective type questions will be asked in the exam are English Language, Logical Reasoning, Quantitative Aptitude, and General Awareness. Following are the subject-wise preparation tips for this exam:

English Language: For this subject, objectives will be asked on key themes including spotting errors, cloze tests, Para Jumbles, Sentence Connectors, Phrase Substitutions, Spelling Errors, Sentence Improvement, blanks, Idioms, and Phrases, Synonyms, Antonyms, Reading Comprehension, etc. Practicing multiple assignment questions while learning each topic like learning all grammar rules. Develop a realistic preparation plan. Discover newer words, then use them in regular discussions and daily writing along with grammar. Build a daily routine of reading newspapers, journals, magazines, and books regularly.

Logical Reasoning: This section covers subjects like Input and Output, Alpha Numeric Series, Seating Arrangements, Coding and decoding, Blood Relations, Direction Sense, Statement and Assumption, Data Sufficiency, Ordering and Ranking, Syllogism, and Data Sufficiency among others. These subjects move swiftly and precisely. Regularly review the handmade notes to remember the techniques to solve these questions in less time and pressure. Solving puzzles regularly is very important.

Quantitative Aptitude: Number series, Simplification, Approximation, ratio and proportion, quadratic equations, speed, ratio, proportion, distance, time, work, streams and boats, mixes and aliasing, age problems, probability, permutation and combination, profit and loss, interest, averages are among the topics covered in the objectives. Complete all the questions and make hand notes by yourself including all the rules, formulas, and short tricks to find the answers to similar kinds of objective questions. Reviewing the relevant tables including formulas and principles regularly is advised. Also, complete more LIC HFL practice objectives to get a better understanding of the questions format of the exam.

General Knowledge: This comprises the awareness of current events, significant dates, geography, banking, books, history, arts and culture, sports, politics, computers, Global and Indian economies, inventions, and technology. Among other topics, keep browsing the news, related to finance, periodicals, publications, and various journals. Start reading books on topics of general knowledge, watch the latest news, and use social media and newspapers to stay updated on the news. Practice different mock exams, and papers from past years. Write down and review each day the rules, tables, formulas, and exceptions. To improve your accuracy and speed while completing the papers on time by yourself, use proper language when speaking and writing. Work on grammar and syntax.

Check Out Other Banking Exams :

IBPS PO Exam Dates, Fees, Eligibility & Notification

SBI PO Exam Dates, Fees, Eligibility & Notification

South Indian Bank PO Exam Dates, Fees, Eligibility & Notification

RBI Grade B Exam Dates, Fees, Eligibility & Notification

Earn more to Help Students Learn More

FAQs

What is the duration of the LIC HFL exam?

The online examination lasts 120 minutes (2 hours), and candidates must solve objective questions.

What is LIC HFL exam eligibility?

For LIC housing assistant recruitment, the applicants who want to be hired as assistant manager and assistant as given in the notification of the LIC HFL Job Exam:
The person should be of Indian Nationality for both LIC HFL Assistant and LIC HFL Assistant Manager. The age should be 21 to 28 years as of 1.1.2022.
The education qualification is to be a graduate having a minimum of 55% marks in LIC HFL Assistant and for LIC HFL Assistant Manager having a minimum aggregate of 60% marks AND Two years full-time MMS/ Two years full-time MBA/ PGDBM/PGPM/PGDM in any discipline from a recognized university/ institute/ board (minimum aggregate 60% marks)/ Two years full-time PGDBA. Courses taken on a distant basis or a part-time basis are ineligible.

Is LIC HFL a government job?

No. It’s NOT a government job. LIC and LIC HFL are two different companies and HFL is a private company.

What is the difficulty level of the LIC HFL exam?

The difficulty level of the exam is generally medium to hard for the LIC HFL exam.

What is the application fee to apply for LIC HFL Recruitment 2024?

Applicants must pay a fee of Rs.800, a nonrefundable payment for all applicants. The fee will be subject to the GST at 18%. The payment is expected to be paid by online method only. The applicants are responsible for paying any relevant transaction fees when making a payment online.

What is the minimum age limit for any LIC HFL post?

You must be 21 years of age if you want to apply for any post in LIC HFL.

What is the job role of LIC HFL Assistant?

LIC HFL Assistant job role consists of, for instance: –
1. Dealing with customer queries and complaints by clearing their doubts and resolving their issues.
2. Managing the Insurance and Sales documents
3. Handling Online and Offline transactions.
4. Assisting Senior Officers.
5. Completing day-to-day tasks assigned by the managers