LIC Housing Finance Limited Detailed Guide: LIC HFL Recruitment 2018
LIC HFL Notification 2018
Life Insurance Corporation – Housing Finance Limited is inviting online applications from eligible candidates for appointment as LIC HFL Assistant/Associate/Assistant Manager.
| To view detailed LIC HFL Recruitment Advertisement, use the given link | LIC HFL Recruitment Advertisement 2018 |
| To apply for LIC HFL vacancies, use the given link | Click here to apply for LIC HFL Vacancy |
Important Dates
| Time and Activity Schedule | |
| Activity | Date |
| Start of online registration and payment of fees | 21.08.2018 |
| End of online registration and payment of fees | 06.09.2018 |
| Downloading of Call letters for Online Examination | 24.09.2018 |
| Online Examination for Assistant (tentative) | 06.10.2018 or 07.10.2018 |
| Online Examination for Associate (tentative) | 06.10.2018 or 07.10.2018 |
| Online Examination for Assistant Manager (tentative) | 06.10.2018 or 07.10.2018 |
LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/ personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment.
Vacancies for LIC HFL Recruitment 2018
The vacancies for the posts of LIC HFL Assistant and Associate are listed via state-wise requirement. For Assistant Manager, posting may be anywhere in India based on the requirement of the Company as under:
| State/Union Territory | Assistant | Associate Assistant | Associate Manager |
| Chhattisgarh | 5 | 2 | 100 |
| Madhya Pradesh | 11 | 2 | |
| Bihar | 6 | 2 | |
| Jharkhand | 1 | 0 | |
| Odisha | 5 | 2 | |
| Tripura | 1 | 0 | |
| West Bengal | 11 | 2 | |
| Uttar Pradesh (excluding NCR) | 20 | 3 | |
| Uttarakhand | 1 | 2 | |
| Delhi (including NCR) | 8 | 2 | |
| Haryana (excluding NCR) | 1 | 0 | |
| Himachal Pradesh | 1 | 0 | |
| Punjab | 2 | 0 | |
| Rajasthan | 5 | 2 | |
| Chandigarh | 1 | 2 | |
| Karnataka | 10 | 4 | |
| Andhra Pradesh | 9 | 4 | |
| Telangana | 7 | 3 | |
| Kerala | 0 | 2 | |
| Puducherry | 1 | 0 | |
| Tamil Nadu | 19 | 8 | |
| Gujarat | 8 | 2 | |
| Maharashtra | 17 | 6 | |
| TOTAL | 150 | 50 | 100 |
| Note: Candidates can apply for only one post |
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LIC HFL Recruitment 2018: Details of Assistant and Associate and Associate Manager Post
Pay-Scale
Post-wise renumeration, total monthly emoluments and other allowances are as mentioned below:
| Post | Renumeration |
| Assistant |
The starting basic pay of Rs. 13,980/- per month in the scale of 13980 – 860(1) – 14840 – 940(2) – 16720 – 1060(5) – 22020 – 1230(2) – 24480 – 1500(3) – 28980 – 1565(2) – 32110 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs. 22,257/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules. |
| Associate |
The starting basic pay of Rs. 21,270/- per month in the scale of 21270 – 1485(3) – 25725 – 1665(15) – 50700 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs. 33,498/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules. |
| Assistant Manager |
The starting basic pay of Rs. 32,815/- per month in the scale of 32815 – 1685(14) – 56405 – 1755(3) – 61670 and other admissible allowances as per rules shall be payable. Total emoluments per month will be approximately Rs. 52,200/- (depends upon the place of posting) plus Lunch Allowance, Provident Fund, Mediclaim, Gratuity, LTC, Group Insurance Scheme, Housing Loan, Performance Linked Incentive and other benefits as per rules. |
Probation Period for LIC HFL Posts 2018
For all posts under the LIC HFL recruitment scheme there is a probation period to be completed by selected candidates. This is as follows:
Assistant/Associate
6 months from the date of joining which may be extended for a maximum period of 6 months.
Assistant Manager
Before appointment as Assistant Manager, there will be a training period of 1 year as Management Trainee from the date of joining. A consolidated salary of Rs. 25,000/- per month will be paid during this training period. The appointment to the post of Assistant Manager will be subject to successful and satisfactory completion of the training period. There will be a probation period of 1 year from the date of appointment as Assistant Manager which may be extended for a maximum period of 1 year.
LIC HFL Eligibility Details for Assistant and Associate and Associate Manager Post
| Eligibility Criteria | Assistant | Associate | Assistant Manager |
| Nationality | Indian | ||
| Age (as on 01.01.2018) | 21-28 years | ||
| Computer Skills | Yes | ||
| Educational Qualification (as on 01.01.2018) | Graduate (minimum aggregate 55% marks) | Graduate (minimum aggregate 60% marks) and CA-Inter | 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).(Course completed through correspondence/part-time are not eligible) |
LIC HFL Mode of Selection
| Name of the Post | Selection Procedure |
| Assistant, Associate and Assistant Manager | Online Examination and Interview |
| The online examination will be separate for Assistant, Associate and Assistant Manager. | |
| It will be in English language only. | |
LIC HFL Examination Pattern
Mode: Online examination
Type: Objective type with multiple choice
Exam Duration: Total two hours duration
Exam Pattern:
| Sr. No. | Section | No. of questions | Maximum Marks | Duration |
| 1 | English Language | 50 | 50 | 35 minutes |
| 2 | Logical Reasoning | 50 | 50 | 35 minutes |
| 3 | General Awareness | 50 | 50 | 15 minutes |
| 4 | Numerical Ability | 50 | 50 | 35 minutes |
Marking Scheme:
- The online examination will be separate for Assistant, Associate and Assistant Manager. It will be in English language only.
- There will be penalty for wrong answers in the online examination.
- For every wrong answer to a question given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is given by the candidate; there will be no penalty for that question.
- LIC HFL reserves the right to fix the minimum cut- off marks, section wise as well as on total in the online examination in order to finalize the number of candidates to be called for the Interview
Depending upon the number of vacancies, only those candidates who rank sufficiently high in the order of merit based on their respective Marks in Online Examination for Assistant/Associate/Assistant Manager will be called for interview.
The final merit list and selection of candidates will be separate for each post of Assistant, Associate & Assistant Manager and will be done on the basis of combined marks of Online Examination and Interview strictly according to the merit ranking, subject to minimum qualifying marks in the Interview.
LIC HFL Application 2018
Candidates are necessarily required to apply Online through LIC HFL’s website (www.lichousing.com) under the heading “Careers”. No other means/mode of applications will be accepted.
| To apply for LIC HFL vacancies, use the given link | Click here to apply for LIC HFL Vacancy |
Application Fees:
Payment of Application Fee via ONLINE MODE: Candidates have to pay the Application Fee through ONLINE MODE only.
| Post | Application Fee |
| Assistant | Rs. 500/- |
| Associate | Rs. 500/- |
| Assistant Manager | Rs. 500/- |
GST @ 18% will be charged on Application Fee.
On successful completion of the registration, a registration number and password will be generated. Candidates should note their registration number and password.