Well, the selection of the Assistants and Assistant Managers by the LIC Housing Finance Limited is done in a very systematic manner as specified below and is linked to IBPS selection procedure and based on that score candidates are shortlisted for an interview. The procedure can be understood by going through the following.

The details of notification:

All the eligible candidates willing to apply for this post of Assistant/Assistant Manager must be Indian who can apply through the online mode and there are state wise vacancies for different States in India and are allocated in the following manner.

• Andhra Pradesh- 15
• Assam- 01
• Bihar- 03
• Chhattisgarh- 03
• Delhi- 18
• Gujarat- 05
• Goa- 04
• Haryana- 06
• Jharkhand- 01
• Karnataka- 20
• Kerala- 05
• Maharashtra- 36
• Madhya Pradesh- 12
• Odisha- 03
• Punjab- 01
• Rajasthan- 02
• Sikkim- 00
• Telangana- 06
• Tamil Nadu- 30
• Uttar Pradesh- 18
• Uttarakhand- 01
• West Bengal- 10

Note: When it comes to applying for the post of Assistant one candidate can apply from 1 state for the vacancy, Secondly about the posting it can be said that only for initial years a candidate can get posting in the state preferred by the candidate as required or as the situation demands the transfer he may be transferred to another state irrespective of the preference. Lastly, an Assistant Manager does not have a choice and he can be posted anywhere as per the requirement of the company.

Remuneration

In the case of an Assistant, the starting salary would be 7400/- per month in different scales at different posts and in addition to these benefits, there are other allowances which should be admissible and payable as per the rules. Thus the total of all emoluments goes to an extent of Rs 16335 (depends on a place of posting) with additional Sodexho Coupons according to the rules. Moreover, other benefits include Provident Fund, PL Encashment and Performance Linked Incentives, Group Personal Accident Insurance, LTC, Gratuity, Medical Benefit, GSLI (Group Savings Linked Insurance), Vehicle Advance (2Wheeler), PL Encashment, Housing Loan, as per the rules.

Probation Period

An Assistant is kept on probation for a maximum of 6 months from his joining date and in the case of the Assistance Manager, there is a training of one year as a management Trainee which starts on joining date. The consolidated salary goes to Rs. 25,000 pm which is paid at the period of training. Once the training period is completed at a satisfactory level and is successfully done a person is appointed as Assistant. Usually, the probation period is of one year and it can extend by another year if required.

Eligibility Criteria:

• Candidates qualifying (IBPS) Institute of Banking Personnel Selection’s Common Written Examination (CWE) for Scale III (RRBs-CWE- III) according to general category cut-off for Assistant for Multipurpose or Officer Scale-I can only make an application for the Assistant or Assistant Manager post respectively in LIC Housing Finance Ltd.
• As a general rule, the nationality should be Indian and
• The age limit between 21 to 28 years for both the posts.
• Education Qualifications required are a gradation with minimum 50 percent if it is the post of Assistant or a graduation minimum 55 percentage and further the candidate from the fields of Information Technology, Management, Law, Economics, and Accountancy can only apply.
• Computer Skills are required for both the posts.
• Proficiency for Languages is preferred for the post of Assistant and may not be applicable for the post of Assistant Manager
• The bachelor’s degree required for these posts must be from any recognized Indian university which so recognized under the Statue.

The Fee of the Application (payment by online mode):

Rs 150/- is the fees for the application for these posts of Assistant Manager and Assistant. This is without any exception to any candidate and is non-refundable and the online transactions have to be borne by the applicants.

Selection Procedure:

For the post of the Assistant selection procedure is usually TWS RRBs-CWE III according to the general category cut-off for Office Assistant (Multipurpose) and Interview and for the post of Assistant Manager it is TWS RRBs-CWE-III according to the general category cut-off for Officer Scale I plus Interview as mentioned above.

Total Weighted Score (TWS):

When candidates apply according to the procedure mentioned above they are given priority as per the marks obtained by them in the qualifying exam (RRBs-CWE-III for Assistant Manager) based on their Total Weighted Score secured in that exam and would be given preference according to the rank obtained. The final selection would be based on the total of aggregate marks of Total Weighted Score which are 50 marks and the Interview which are of 50 marks which are strictly based on merit ranking and the Final merit list resulting in the selection is kept separate in case of Assistant and Assistant Manager. Further, the company can change the selection procedure and that right reserved, if necessary. All the successful candidates are required to undergo the compulsory medical Exam to be medically fit and to get selected for the posts of Assistant and Assistant Manager which is done by LIC HFL authorized Medical Examiner appointed for this purpose.

The Center of Interview:

The Centers of Interview are decided and conveyed to the applicants selected for an interview at a later period. The candidates have to bear the expenses of attending the interview and company does not reimburse it.

Interview Call Letter:

The official website of the LIC Housing Finance Limited (www.licehousing.com) will announce the shortlisted candidates for the interview and send the call letter. Also via SMS and Email, intimations would be sent to the candidates by the official website mentioned above, which are registered while filling the online application. In the case of any delay in receipt or no receipt of SMS or Email or any tech issue or in any other case, the company would not take responsibility. It is always advisable to the candidates to regularly check the official website for further updates.

Verification of Identity:

The candidates selected for interview have to produce original documents for verification and photocopies of:-

• The Application of CWE (Common Written Exam)- RRBs Assistant Manager
• Any photo identity card like DL (Driving Licence), Company Passbook with photo, PAN card, Voters Identity Card etc.,

In the case of doubt with regard to the identity of a candidate then he will not be allowed to appear for the interview.

General Terms and Conditions:

• There is a requirement of producing the ‘No Objection Certificate’ if the candidate is an employee of Government, Semi Government, Central Undertaking, and Public Undertaking from the respective employer when they appear for an interview otherwise they lose their candidature.
• As a general rule candidate must ensure that all the eligibility criteria are fulfilled by him.
• If the any of the various requirements mentioned above are not met the candidature of such candidate stands canceled and employment is terminated if the shortcomings are detected after appointment to the post.
• The requirement of producing documents at the time of interview is also strictly looked at and failure to do so may get the candidature canceled and a candidate is not permitted to appear for an interview.
• Candidates are advised not to get involved in misconduct and should refrain from suppressing material information at the time of applying online.
• Company reserves the rights to make changes in the procedure of selection which is usually notified on the official website.           

However, all candidates must make note of one thing that in all the matters pertaining to recruitment made to this posts the decision of the company shall be considered final and binding on all applicants. For further details and any kind of confusion or doubt candidates can visit the official website of the company and read the detailed advertisement (www.lichousing.com).