Lic Of India Recruitment 2018 For Multiple Posts

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Nafed India
Name of Post No of Vacancy Age Limit Compensation Assistant Manager (Legal) 01 25 – 35 years ₹ 47600-151100 (L-8) Manager (HR) 01 35 – 45 years ₹ 67700-208700 (L-11) General Manager (Finance & Accounts) 01 45 – 50 years ₹ 78800-209200 (L-12) Qualification and Experience: Assistant Manager (Legal) Full-time Graduate Degree in any discipline and Full-time Bachelors Degree in Law (LL.B.) (03 years professional course) with minimum 50% mark…
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Upsc India
Combined Central Armed Police Force (Asst. Commandant Exam) 2018 Application Fee General & OBC : Rs. 200/- SC, ST : Rs. 0/- All Category Female Candidates : Rs. 0/- Payment Mode : Pay the Exam Fee Through Credit Card , Debit Card Net Banking, SBI E Challan Fee Mode Important Dates Online Application Start : 25 April 2018 Registration Last Date : 21 May 2018 Fee Payment Last Date : 21 May 2018 Exam Date : 12 August 2018 Admit card Available : 20 July…
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Indian Army India
Name of the post: 1. MTS Safaiwala 2. MTS Messenger 3. Washer Man& Other Age Limit: Candidate age should be between 18 to 25 years Educational Qualification: Candidate should posses Matriculation pass or equivalent from recognized Board. Salary: Rs. 18000-56900(Level-1) , Rs.19900-63200/- ( Level-2) Selection Process: Candidates will be selected based on Writeen Test/Interview.
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Phed India
Vacancy Details: •Post Name: Junior Engineer •No. of Vacancies: 214 •Pay Scale: Rs. 27,000 Job Location: Bihar Educational Qualification: Candidates should have passed Diploma in Civil Engineering from a recognised university/college. Age Limit (as on 01-01-2019): Minimum 18 years and Maximum 37 years Age Relaxation: Sr. No. Category of Candidates Relaxation of Age Permissible 1. OBC/Female Candidates 03 Years 2. SC/ST Candidates 05 Years Selection…
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Tiss India
Social Workers in the Special Cell for Women job Position in Tata Instirure Of Social Sciences Education and Experience criteria: Candidate should have (a) knowledge of issues of gender and violence against women in the district and State, and of direct interventions, and (b) prior experience in direct casework and/or intervention work on womens issues at the grassroot level. The candidate should have (a) a post-graduate qualification in social work…
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Kvs India
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Iocl India
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Gspann Technologies Inc India
•3+ year of L2/L3 experience in App Development and Support.•Excellent understanding of the iOS development.•Excellent understanding of the End 2 End system architecture.•Good understanding of the REST and SOAP Protocol.•Problem solving ability, creativity to "think-outside-the-box", proven track record in proposing and implementing new solutions for customers.•Excellent verbal and written communication…
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Riser Technology And Services Private Limited India
No. of post:       1Name of post:    1Educational Qualification: GraduateExperience:      1-2 Job location :    Delhi ( Mundka ) Skills required: Knowledge of general Accounting,G.S.T and Busy Software must.Salary Budget (Min. to Max.): 14000 to 20000
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S.p.p.l. Property Management Private Limited India
PROJECT FINANCE MANAGER •Financial ownership of Large Construction Projects (300 Cr+), •Continuous monitoring and sharpening of budget, anticipated cost of construction / project cost. Highlighting deviations with detailed analysis. •Maintaining financial controls and propriety in Projects expenditures. Tracking & forecasting cash flows and reconciliation with financial accounts. •Vendors / Contractors touchpoint…
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Asianlak Health Foods Limited India
He shall be accountable for achieving the targets, leading and motivating the sales force, achieving the width of distribution, conducting displays, building volumes and implementing the marketing and sales promotion strategies in store visibility and execute company policy & strategies.FMCG / Beverage, Insurance, Banking and Telecom industries sales candidates may only apply.-Responsible to achieve sales targets through primary and secondary sales.-Leading…
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Kasento Engineers India
Greetings from Kasento Engineers!!! We are looking for CNC and VMC Operator Role: Operator Industry: Automobile Industry Experience: 2 to 3 years Salary: 12000 to 14000 Job Location: Chennai, Oragadam. Accommodation and Food will be provided by the company itself. Company on roll.No contract or trainee. Interested candidate can contact Ms Gnaneswari 9840098669.
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Information About Lic Of India

Every day we wake up to the fact that more than 250 million lives are part of our family called LIC.

We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed.

Though this journey started over five decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 52 years has been a process called TRUST.

A true saga Of Trust.The story of insurance is probably as old as the story of mankind. The same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. They too sought to avert the evil consequences of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security. Though the concept of insurance is largely a development of the recent past, particularly after the industrial era – past few centuries – yet its beginnings date back almost 6000 years.

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. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. However, later with the efforts of eminent people like Babu Muttylal Seal, the foreign life insurance companies started insuring Indian lives. But Indian lives were being treated as sub-standard lives and heavy extra premiums were being charged on them. Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870, and covered Indian lives at normal rates. Starting as Indian enterprise with highly patriotic motives, insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of society. Bharat Insurance Company (1896) was also one of such companies inspired by nationalism. The Swadeshi movement of 1905-1907 gave rise to more insurance companies. The United India in Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were established in 1906. In 1907, Hindustan Co-operative Insurance Company took its birth in one of the rooms of the Jorasanko, house of the great poet Rabindranath Tagore, in Calcutta. The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) were some of the companies established during the same period. Prior to 1912 India had no legislation to regulate insurance business. In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed. The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage.

The first two decades of the twentieth century saw lot of growth in insurance business. From 44 companies with total business-in-force as Rs.22.44 crore, it rose to 176 companies with total business-in-force as Rs.298 crore in 1938. During the mushrooming of insurance companies many financially unsound concerns were also floated which failed miserably. The Insurance Act 1938 was the first legislation governing not only life insurance but also non-life insurance to provide strict state control over insurance business. The demand for nationalization of life insurance industry was made repeatedly in the past but it gathered momentum in 1944 when a bill to amend the Life Insurance Act 1938 was introduced in the Legislative Assembly. However, it was much later on the 19th of January, 1956, that life insurance in India was nationalized. About 154 Indian insurance companies, 16 non-Indian companies and 75 provident were operating in India at the time of nationalization. Nationalization was accomplished in two stages; initially the management of the companies was taken over by means of an Ordinance, and later, the ownership too by means of a comprehensive bill. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost.

LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office in the year 1956. Since life insurance contracts are long term contracts and during the currency of the policy it requires a variety of services need was felt in the later years to expand the operations and place a branch office at each district headquarter. Re-organization of LIC took place and large numbers of new branch offices were opened. As a result of re-organisation servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation. It may be seen that from about 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores only in the year 1969-70, and it took another 10 years for LIC to cross 2000.00 crore mark of new business. But with re-organisation happening in the early eighties, by 1985-86 LIC had already crossed 7000.00 crore Sum Assured on new policies.

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. LIC has tied up with some Banks and Service providers to offer on-line premium collection facility in selected cities. LIC’s ECS and ATM premium payment facility is an addition to customer convenience. Apart from on-line Kiosks and IVRS, Info Centres have been commissioned at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi, Pune and many other cities. With a vision of providing easy access to its policyholders, LIC has launched its SATELLITE SAMPARK offices. The satellite offices are smaller, leaner and closer to the customer. The digitalized records of the satellite offices will facilitate anywhere servicing and many other conveniences in the future.

LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year. It has crossed the milestone of issuing 1,01,32,955 new policies by 15th Oct, 2005, posting a healthy growth rate of 16.67% over the corresponding period of the previous year.

From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to take this message of protection to light the lamps of security in as many homes as possible and to help the people in providing security to their families.

Some of the important milestones in the life insurance business in India are:

1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning.

1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.

1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life insurance business.

1928: The Indian Insurance Companies Act enacted to enable the government to collect statistical information about both life and non-life insurance businesses.

1938: Earlier legislation consolidated and amended to by the Insurance Act with the objective of protecting the interests of the insuring public.

1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.

The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British.

Some of the important milestones in the general insurance business in India are:

1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes of general insurance business.

1957: General Insurance Council, a wing of the Insurance Association of India, frames a code of conduct for ensuring fair conduct and sound business practices.

1968: The Insurance Act amended to regulate investments and set minimum solvency margins and the Tariff Advisory Committee set up.

1972: The General Insurance Business (Nationalisation) Act, 1972 nationalised the
general insurance business in India with effect from 1st January 1973.

107 insurers amalgamated and grouped into four companies viz. the National
Insurance Company Ltd., the New India Assurance Company Ltd., the
Oriental Insurance Company Ltd. and the United India Insurance Company
Ltd. GIC incorporated as a company.

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