LIC Recruitment: 3 Compelling Reasons for Going for It in Different Posts
Being a part of one of India’s largest financial and insurance organisation is a matter of pride and the opportunity of LIC recruitment should therefore, not be missed out. LIC of India or Life Insurance Corporation of India is the biggest network of insurance provider in the country which is under the government control. The network of offices and branches is so vast that it is obvious that there will be a huge requirement of manpower to handle the different responsibilities.
LIC is the premier body of the country which gives out various insurance policies in different sectors starting from term and endowment policies to the various child and pension plans. There are many other functions of the LIC and each function is required to be done by people who have knowledge of the various insurance portfolios. Since the start of LIC of India after independence in 1956, the corporation has taken huge strides in terms of total customer base and the incumbent net assets.
The primary functionalities involve the selling of various policies to the people. Along with that, the functions have spread out to fields such as mutual funds, housing finances and loans, and such other benefits. People go for LIC recruitment because the organisation has a fixed hierarchal policy of promotion and other benefits when posted in permanent positions in the different branches. The large number of offices is another impetus for the high rate of turnout for the recruitment process. Some of the factors that have increased the interest of the masses towards getting into the jobs in the LIC of India are:
Stable government jobs – When a person is recruited into the permanent positions in the LIC, they get to avail the various perks and benefits along with the payscales, as is received by the government employees. Also, plenty of adhoc or contractual posts are published from time to time.
Plentiful jobs – With the variety of functions of the corporation and the large number of branches, there are many vacancies which are needed to be filled in order to provide a smooth service to the people. In India, people have an unflinching trust on the corporation when it comes to providing them various insurance policies and the customer services thereafter. A total of 2048 computerised branch offices, 992 satellite offices, 109 divisional offices and 8 zonal offices along with the corporate office, are reflective of the huge extent to which the corporation is spread. Each of the office has hundreds of people working in different capacities such as manager, deputy manager, zonal manager, divisional manager apart from the office assistants in different functions.
Generalised qualifications – Most of the jobs that are advertised for different ranks in the corporation are filled up by LIC recruitment on a national level and through entrance exams. They do not have any specific educational qualification, although graduation in any discipline is acceptable. For those vacancies which are supposed to be purely financial in nature, the qualification in commerce is sometimes asked for.
People who are interested for the LIC recruitment should be ready to enter into a prosperous world, as they are going to work for the largest insurance provider in the country. With perks and benefits analogous to the government jobs and huge number of vacancies, this organisation is the first choice for people who want a career in the insurance sector.
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