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.
|Company Name||LIC Housing Finance Limited (LIC HFL)|
|Year of Establishment||1989|
|Services Offered||Home loans, loan against property, balance transfer of existing home loans, and other related services|
|Number of Branches||Over 300|
|Number of Employees||Over 10,000|
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, loan 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.
|Post Name||Assistant and Assistant Manager|
|Vacancy||80 -100 (approx.)|
|Recruitment Process||Online Written test, Interview|
|Education Qualification||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). Courses completed through correspondence/part-time are not eligible.|
|Age Limit||21-28 years|
|Salary||Assistant- Rs. 33,960/- pm |
Assistant Manager- Rs. 80,110/- pm
The LIC HFL Recruitment Notification 2023 is yet to be posted on the company’s official website. Candidates can refer to previous year notification for reference.LIC-HFL-Recruitment-Notification
The LIC HFL Recruitment 2022 Notification has been rolled out conveying the important dates to apply for the post of LIC Assistant & Assistant Manager along with other important details.
|LIC HFL Recruitment Notification Release||August 2023|
|Commencement of online registration of application||First Week of August|
|Closure of registration of application||Last Week of August|
|LIC HFL Admit Card||Last Week of September|
|LIC HFL Exam Date ( Assistant and Assistant Manager)||October 2023|
|LIC HFL Result||November 2023|
If you are interested to apply for the LIC HFL Examination. You can refer to the steps given below:
|Document||Required dimensions||Size of file|
|Photo||200×300 pixels||20 KB to 50 KB|
|Signature||140×60 pixels||10 KB to 20 KB|
|Left-thumb impression||240×240 pixels||20 KB to 50 KB|
|Handwritten declaration||800×400 pixels||50 KB to 100 KB|
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.
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 is applicable to all candidates and non-refundable.
|Assistant Manager||Rs. 800/-|
The 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.
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 2023, candidates must satisfy the eligibility requirements specified in the LIC HFL Notification PDF.
|Eligibility Criteria||LIC HFL Assistant||LIC HFL Assistant Manager|
|Age (as on 01.01.2022)||21-28 years||21-28 years|
|Educational Qualification (as on 01.01.2022)||Graduate (minimum aggregate 55% marks)||Graduate (minimum aggregate 60% marks) AND Two years full time MBA/ Two years full time MMS/ Two years full time PGDM/ 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.|
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 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 center is mandatory as a proof of identity and allows entry into the exam hall.
Obtain your LIC HFL Admit Card in the following below-mentioned procedure:
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:
The online examination is an objective type test consisting of 200 questions. The duration of the exam is 2 hours. The maximum marks for the exam are 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:
|Sno||Section||No. of Questions||Marks||Duration|
|1||English Language||50||50||35 minutes|
|2||Logical Reasoning||50||50||35 minutes|
|3||General Awareness (with special emphasis on Housing Finance Industry)||50||50||15 minutes|
|4||Numerical Ability (For Assistant) |
Quantitative Aptitude (For Assistant Manager)
Note: There will be negative markings for wrong answers. 0.25 marks will be deducted for each wrong answer.
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:
|Stage||Name of Test||Type of Test||Duration||Number of Questions||Maximum Marks||Subjects|
|1||Online Examination||Objective||2 hours||200||200||English Language, Logical Reasoning, General Awareness, Numerical Ability|
|2||Interview||Descriptive||NA||NA||50||Communication 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.
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:
Numerical Ability and Data Interpretation
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.
The probation period for the LIC HFL is different for each post. Refer to the points given below:
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 result by following the steps mentioned below:
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 for 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.
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.
The salary for each position is different. And 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 helps to create a positive work environment for its employees.
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 the error, cloze tests, Para Jumbles, Sentence Connectors, Phrase Substitutions, Spelling Errors, Sentence Improvement, Fill in 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 on a regular basis 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 rule, 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.
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The online examination lasts 120 minutes (2 hours), and candidates must solve objective questions.
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.
No. It’s NOT a government job. LIC and LIC HFL are two different companies and HFL is a private company.
The difficulty level of the exam is generally medium to hard for the LIC HFL exam.
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.
You must be of 21 years of age if you want to apply for any post in LIC HFL.
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
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