LICHFL: LIC Housing Finance Limited is India’s one of the largest Housing Finance mortgage loan companies. Therefore, the company’s main purpose is to provide long-term financial loans for the purchase, construction, or repair of the property. LIC HFL was incorporated in 1989, under the Companies Act, 1956. It is a subsidiary of the Life Insurance Corporation of India (LIC). LIC HFL became public in 1994 and has its stock listed and traded on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE).
LIC HFL is one of the important Insurance examinations. Hence, providing with career enhancement, professional and personal growth and, a great salary LIC HFL salary package.
Apart from the Assistant, Assistant Manager, and Associate post, LIC HFL recruits for Assistant Administrative Officer (LIC AAO) as well as Apprentice Development Officer (LIC ADO).
The dates for LIC AAO of the Prelims exam for the post of Assistant Engineers/ Assistant Architect/Assistant Administrative Officer (AAO Specialist) is scheduled to be conducted on August 28, 2021. Hence, the official notice was released on August 5, 2021, by the Life Insurance Corporation (LIC). The call letter for the examination has been released on August 17, 2021.
Results for the preliminary exam will be declared in September 2021 and the dates for the main exam have not been announced yet.
The official notification is due for the LIC HFL Recruitment 2021. The recent updates can be checked on the official website. If you are willing to apply for the posts of Assistant, Assistant Manager, and, Associate you can visit the LIC HFL website for the new updates.
OVERVIEW OF THE EXAM: –
|NAME OF EXAMINATION||LIC HFL Exam 2021|
|ORGANIZING BODY||LIC Housing Finance Limited|
|OPENING OF POSTS||Assistants, Associates, and Assistant Manager|
|JOB LOCATION||All Over India|
|CATEGORY||Central Government Job|
|MODE OF EXAMINATION||Online|
The selection of the candidates for the Associates and Assistants depends on the region-wise merit and the Assistant Manager is selected based on All-India merit.
The official notification for the LIC HFL recruitment 2021 was released on December 22, 2020, and there was a total of 20 vacancies for the post of Assistant Manager as well as Management Trainees. In the year 2019, there was a total of 300 vacancies announced in the LIC HCL exam notification which was released on August 8, 2019.
The official notification for LIC HFL 2021 for Associate was released and the selection will depend upon the written test which will have a total of 200 multiple-choice questions and personal interview rounds.
|No. of vacancies for the Associate post||6|
|The end date for applying||is June 7, 2021|
The official notification was released on 22 December 2020 by Life Insurance Corporation (LIC) for the LIC HFL Recruitment 2021 for the positions of Assistant Manager as well as Management Trainee to fill 20 vacancies.
|Official Notification||December 22, 2020|
|Online Application Process||22 – 31st December 2020|
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: –
|Assistant Manager||Rs 500/-|
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.
|ASSISTANT||Graduate (minimum aggregate 55% marks)/ Computer Skills|
|ASSOCIATE||Graduate (minimum aggregate 60% marks) / CA-Inter/ Computer Skills|
|ASSISTANT MANAGER||Graduate (minimum aggregate 60% marks) and 2 years full-time MBA /MMS/PGDBA/PGDBM/PGPM/PGDM from a reputed university. Long-distance or part-time learning will not be considered. / Computer Skills|
Before applying for the LIC HFL exam, you must keep in mind the important points:
Total 6 vacancies were released for the post of Associate by the LIC HFL Recruitment 2021 and the slots which were available in the years 2017, 2018, and 2019 are mentioned below:
The vacancies of each post depend upon the requirements of the firm and the organization doesn’t need new recruitments every year. So, it is better to check for the opening of different fields of your interest.
If you are interested to join the LIC HFL Assistant Manager and Management Trainee post-2021, you can refer to the available vacancies below:
|Web Content/Graphic Designer (Assistant Manager)||1|
|Mobile App Developer (Assistant Manager)||2|
|Database Administrator Engineer (Assistant Manager)||1|
|Database Developer (Assistant Manager)||2|
|Web Developer (Assistant Manager)||4|
|Information Security Engineer (Assistant Manager)||1|
If you want to apply for the LIC HFL Assistant Manager and Management Trainee vacancies for the year 2021 you just need to do your research on the requirements because both the posts require good technical knowledge as well as an IT background. If you have an IT background you can apply for the same otherwise, you must do the research.
The region-wise vacancies for the year 2019 are listed below for reference:
|East Central||Bihar|| 5
|North Central||Uttar Pradesh||13||19|
|South Eastern||Andhra Pradesh||7||12|
Region-wise vacancies for the year 2018:
The probation period for the LIC HFL is different for each post. Refer to the points given below:
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 the performance as well as the experience.
Basic Pay range for Assistant manager post: –
Basic Pay range for Assistant post: –
Basic Pay range for the Associate post: –
The LIC HFL Syllabus 2021 is divided into four sections:
LIC HFL is a national-level examination, therefore you must go through the syllabus for the preparation and check for the updates regularly.
Below is the list of topics under each section:
|Reasoning||Inequality, Coding-Decoding, Linear arrangement, Verbal reasoning.|
|Quantitative Aptitude||Ratio & proportion, Average, Time & Work, Algebra, Data Interpretation.|
|English Language||Grammar, Vocabulary, Fill in the blanks.|
|General Awareness||Current Affairs, Indian Banking System, Banking terms.|
The LIC HFL Exam is divided into 2 parts: The online written examination and the second part is Interview round. Your selection will depend on the clearing of both rounds. So, it is necessary to do thorough research for better knowledge and understanding of the exam pattern because it will make it easier for you when you will attempt the examination.
The question paper is a total of 200 marks and the time limit to complete the examination is 120 minutes. You will get 35 minutes for each section making it a total of two hours for you to complete the exam.
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 declaration of results for the LIC HFL 2021 will be in 4 stages. So, you will need to clear all the stages to get selected for the post.
The stages of the selection process for LIC HFL recruitment 2021 are:
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.
Check Out Other Banking Exams :
A1. No, the Assistant Manager in LIC HFL does not come under the Gazetted Officer Category.
A2. The selection process is divided into 2 rounds, Written and Personal Interview rounds.
A3. You must check for the release of official notification and if it’s already out. You can fill the application form on the official LIC HFL website.
A4. You must be of 21 years of age if you want to apply for any post in LIC HFL.
A5. The salary of the Assistant Manager ranges between 10 to 14 Lakhs Per Annum.
A6. Firstly, LIC HFL is not a government or a private job and Secondly, the Life Insurance Corporation (LIC) is a parent company of LIC HFL. It is a quasi-govt firm.
A7. The Application fees for the post of Assistant, Associate, and Assistant Manager is Rs 500/- each.
A8. LIC HFL Assistant job role consists of for instance: –
A9. You must be a Graduate (minimum aggregate 60% marks) and have completed 2 years full-time MBA /MMS/PGDBA/PGDBM/PGPM/PGDM from a reputed university. Therefore, Long-distance or part-time learning will not be considered. Computer skills are a must.
A10. There is no age relaxation in LIC HFL. Hence, you must be of the specified age, ranging between 21 to 28 years old.