LIC HFL Exam 2022: Latest News, Eligibility, Salary & Vacancies

 

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
TYPE	Government Job
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.

 

LIC HFL EXAM NOTIFICATION & NEWS

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.

 

LATEST UPDATE: –

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.

 

PARTICULARS	DETAILS
No. of vacancies for the Associate post	6
The end date for applying	is June 7, 2021

 

LIC HFL EXAM DATE 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.

 

The Exam Dates for the Assistant Manager & Management Trainee 2021: –

 

Official Notification	December 22, 2020
Online Application Process	22 – 31st December 2020

 

LIC HFL APPLICATION FEES 2021: –

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: –

 

POST	APPLICATION FEES
Assistant	Rs 500/-
Associate	Rs 500/-
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.

 

LIC HFL 2021 ELIGIBILITY CRITERIA:

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.

1. Your nationality must be Indian.
2.  You must be a minimum of 21 years of age or a maximum of 28 years of age as of January 2, 1991.
3. You must have good computer skills and it is preferred that you check the skills you will be needing.

 

POST	EDUCATIONAL BACKGROUND
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:

• 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 the registration.
• Your educational qualification should be from a university/college recognized by the government of India.
• You will need to upload your marks calculated to the nearest two decimal places.
• Your marks must be converted into percentage format if mentioned in CGPA.

 

LIC HFL VACANCIES 2021: –

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:

 

YEAR	2019	2018	2017
Assistant	125	150	164
Assistant Manager	100	SAME	100
Associate	75	50	NIL

 

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:

 

POST	VACANCIES
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
Management Trainee	9

 

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.

 

LIC HFL VACANCIES 2019 & 2018:

The region-wise vacancies for the year 2019 are listed below for reference:

 

Region	State/UT	Associate	Assistant	Assistant Manager
Central	Chhattisgarh	7	10	100
	Madhya Pradesh
East Central	Bihar	5	10
	Jharkhand
	Odisha
Eastern	Assam	8	14
	Sikkim
	Tripura
	West Bengal
North Central	Uttar Pradesh	13	19
	Uttarakhand
Northern	Delhi	4	5
	Haryana
	Himachal Pradesh
	Punjab
	Rajasthan
	Chandigarh
South Central	Karnataka	7	11
South Eastern	Andhra Pradesh	7	12
	Telangana
Southern	Kerala	12	20
	Puducherry
	Tamil Nadu
Western	Goa	12	24
	Gujarat
	Maharashtra
	TOTAL	75	125	100

 

Region-wise vacancies for the year 2018:

 

STATE/UT	Assistant	Associate	Assistant Manager
Chhattisgarh	5	2	100
Madhya Pradesh	11
Bihar	6
Jharkhand	1	0
Odisha	5	2
Tripura	1	0
West Bengal	11	2
Uttar Pradesh	20	3
Uttarakhand	1	2
Delhi	8
Haryana	1	0
Himachal Pradesh	1
Punjab	2
Rajasthan	5	2
Chandigarh	1
Karnataka	10	4
Andhra Pradesh	9
Telangana	7	3
Kerala	0	2
Puducherry	1	0
Tamil Nadu	19	8
Gujarat	8	2
Maharashtra	17	6
TOTAL	150	50	100

 

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 applied for the posts of assistant or associate.
• For Assistant Managers: And for the Assistant Manager you will get a one-year training as a management trainee starting from the day of joining.

 

LIC HFL SALARY 2021: –

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.

 

THE PAY RANGE OF THE LIC HFL POSITIONS ARE:

Basic Pay range for Assistant manager post: –

• Basic pay is 32,815 per month, including other allowances.
• Approximately 56000/- per month.

Basic Pay range for Assistant post: –

• Basic pay is 13,980 per month, including other allowances.
• Approximately 23,870/- per month.

Basic Pay range for the Associate post: –

• Basic pay is 21,270 per month, including other allowances.
• Approximately 35,960/- per month.

 

LIC HFL SYLLABUS 2021: –

The LIC HFL Syllabus 2021 is divided into four sections:

1. Reasoning: Conclusions based on your understanding. The logical reasoning test is to check how you will present conclusions in real-life situations.
2. Quantitative Aptitude: Your problem-solving or numerical ability.
3. English Language: Your basic knowledge of Grammar.
4. General Awareness: Your knowledge of current affairs, Banking industries, and Indian financial institutions and their policies. You must be aware of the changes in national and international banking sectors to have good knowledge about the changing market.

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:

 

SECTIONS	TOPICS
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.

 

LIC HFL EXAM PATTERN 2021: –

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 will consist of multiple-choice questions and the medium for the paper will only be in English.
• You will get a deduction of 0.25 marks for each incorrect answer.
• No marks will be deducted for the unsolved and left-out questions.

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.

 

LIC HFL ADMIT CARD 2021: –

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.

 

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 on 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 any 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 help-line 91-022 6827 6827
• The exam conducting body allots the centers.
• Vacancies are region-wise, you cannot apply for the different posts from different regions.
• You will be disqualified if you appear for the same examination twice.

 

LIC HFL RESULT 2021: –

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 FOUR STAGES ARE: –

• LIC HFL WRITTEN EXAM RESULT: The written exam consists of 200 multiple-choice questions. There will be a deduction of 0.25 marks for every incorrect answer and no deduction on unsolved questions. Hence, the result depends upon the cut-off marks decided by the governing body.
• LIC HFL DOCUMENT VERIFICATION: After the results for the written exam has been declared and you have been qualified, the Next step of the process is the Document verification, You will be asked to bring in the required documents as per the specifications given by the authority. And if any of the documents are missing you will not proceed because all the documents must be presented for verification.
• LIC HFL RESULT FOR PERSONAL INTERVIEW: If you qualify in the first round you will be selected for the interview round. You will be tested on your personal and intellectual skills. The questions asked in the Interview round are to check your basic understanding and knowledge. The result will be based on your performance in both of the rounds. Written as well as Personal Interview.
• LIC HFL MEDICAL TEST: If you are qualified in the personal interview round, you will be called in for the medical test. And if you are unfit for the position you won’t be qualified for it. The purpose of the medical test is to check if you are capable of making logical decisions and are capable of handling responsibilities.

 

LIC HFL SELECTION PROCESS 2021: –

The stages of the selection process for LIC HFL recruitment 2021 are:

• Online Test: Your selection for the next round will depend on the qualifying of the online test round. As it is a merit-based selection and also based on the number of vacancies available. Therefore, you have to score good marks to get promoted for the next round.
• There will be a document verification process after you get qualified for the online test. You must have all the documents specified by the exam authority because only after that you will be allowed to appear for the interview round. The selection of the candidates will depend upon the number of vacancies available for the Assistant, Associates, and Assistant Manager positions as well as the qualification of the first round and verification of the documents.
• The total score of both rounds will decide whether you are selected or not.
• All the selected candidates will have to go through a medical test before they get an offer letter for the posts. Only after clearing the medical test, you will be given a job offer for Assistant, Assistant Manager, and Associate posts.
• The medical test will be carried out by an authorized medical examiner. Your medical examination test will determine your selection.

 

HOW TO APPLY?

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

• Go to LIC HFL official website i.e., lichousing.com
• 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 DOCUMENTS: –

 

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.

 

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LIC HFL 2021 FAQs: 

Q1. Does the Assistant Manager in LIC HFL come under the Gazetted Officer Category?

A1. No, the Assistant Manager in LIC HFL does not come under the Gazetted Officer Category.

Q2. What is the selection process for LIC HFL?

A2. The selection process is divided into 2 rounds, Written and Personal Interview rounds.

Q3. How to apply for the recruitment of LIC HFL?

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.

Q4. What is the minimum age limit for any LIC HFL post?

A4. You must be of 21 years of age if you want to apply for any post in LIC HFL.

Q5. What is the salary range of Assistant Manager of LIC HFL?

A5. The salary of the Assistant Manager ranges between 10 to 14 Lakhs Per Annum.

SOME OTHER COMMON QUESTIONS:

Q6. LIC HFL is a government job or a private job?

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.

Q7. What are the Application fees for the Assistant, Associate, and Assistant Manager post?

A7. The Application fees for the post of Assistant, Associate, and Assistant Manager is Rs 500/- each.

Q8. What is the job role of LIC HFL Assistant?

A8. LIC HFL Assistant job role consists of for instance: –

• Dealing with customer queries and complaints by clearing their doubts and resolving their issues.
• Managing the Insurance and Sales documents
• Handling Online and Offline transactions.
• Assisting Senior Officers.
• Completing day to day tasks assigned by the managers

Q9. What are the requirements for the post of Assistant Manager?

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.

Q10. Does LIC HFL have any age relaxation?

A10. There is no age relaxation in LIC HFL. Hence, you must be of the specified age, ranging between 21 to 28 years old.