LIC Recruitment

The Life Insurance Corporation of India (LIC) is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 13.25 trillion (US$251.75 billion). It was founded in 1956 with the merger of 243 insurance companies and provident societies.
Headquartered in Mumbai, financial and commercial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 113 divisional offices located in different parts of India, around 3500 servicing offices including 2048 branches, 54 Customer Zones, 25 Metro Area Service Hubs and a number of Satellite Offices located in different cities and towns of India and has a network of 13,37,064 individual agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks (as on 31.3.2011) for soliciting life insurance business from the public.


Current status

Over its existence of around 50 years, Life Insurance Corporation of India, which commanded a monopoly of soliciting and selling life insurance in India, created huge surpluses, and contributed around 7 % of India's GDP in 2006. The Corporation, which started its business with around 300 offices, 5.7 million policies and a corpus of INR 459 million (US$ 92 million as per the 1959 exchange rate of roughly Rs. 5 for a US $ [4], has grown to 25000 servicing around 350 million policies and a corpus of over 8 trillion (US$152 billion).



LIC Recruitment 2011-2012 
LIC is inviting application for recruitment of different post across the country. Here you will find the latest information regarding recruitment in LIC along with necessary details like educational qualification, how to apply, age limit, physical standards, pay scale and many more.
Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against. Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil.
Today LIC functions with 2048 fully computerized branch offices, 109 divisional offices, 8 zonal offices, 992 satallite offices and the Corporate office. LIC’s Wide Area Network covers 109 divisional offices and connects all the branches through a Metro Area Network.


Selection Procedure for Central LIC recruitment 2012: 
LIC will conduct written examination for eligible candidates. Candidates who passed the examination will be called for personal interview. The written examination shall be objective in nature.
LIC prides itself as a young and vibrant organization and recognizes its employees as its greatest assets. Consequently, the employee satisfaction level at LIC is, possibly, amongst the highest in the industry, and does not stem from the compensation package alone.
Candidates can also get latest information regarding LIC 2012 Recruitment Notifications directly into their Mail Box by Subscribing to our Job Updates by Email service.
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