LIC HFL Recruitment 2023: Latest News, Eligibility, Salary & Vacancies

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.

About LIC HFL:

Company Name	LIC Housing Finance Limited (LIC HFL)
Year of Establishment	1989
Headquarters	Mumbai, India
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
Official Website	www.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, 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.

LIC HFL Recruitment 2023 : Overview

Exam Summary	Details
Organization	LIC HFL
Post Name	Assistant and Assistant Manager
Vacancy	80 -100 (approx.)
Application Mode	Online
Exam Mode	Online
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
Official Website	https://www.lichousing.com/

LIC HFL Recruitment Notification 2023

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

LIC HFL Recruitment Dates 2023

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.

Events	Tentative Dates
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

LIC HFL Recruitment Application

LIC HFL Apply Online:

If you are interested to apply 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 the 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, your 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/ Marksheets (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, mobile wallets for online payment.

The specifications of the document: –

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

• 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 is applicable to all candidates and non-refundable.

Post	Application Fee
Assistant	Rs. 800/-
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.

LIC HFL Eligibility Criteria 2023

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
Nationality	Indian	Indian
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.
Computer Skills	Yes	Yes

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 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:

• 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 give the examination because the Admit Card/ Hall Ticket contains all the necessary details to appear for the examination.
• A notification about the availability of 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 allots the centers.
• 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.

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 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)	50	50	35 minutes
Total		200	200	120 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:

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.

LIC HFL Syllabus 2023

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 months 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 result 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 result.

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.

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.

Category	Assistant	Assistant Manager
General	145-150	150-155
OBC	140-145	145-150
SC	135-140	140-145
ST	130-135	135-140

LIC HFL Salary 2022

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.

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 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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