Overview

LICHFL: LIC Housing Finance Limited is India’s one of the largest Housing Finance mortgage loan companies. Therefore, the company’s main purpose is to provide long-term financial loans for the purchase, construction, or repair of the property. LIC HFL was incorporated in 1989, under the Companies Act, 1956. It is a subsidiary of the Life Insurance Corporation of India (LIC). LIC HFL became public in 1994 and has its stock listed and traded on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE).

LIC HFL is one of the important Insurance examinations. Hence, providing with career enhancement, professional and personal growth and, a great salary LIC HFL salary package.

Recruitment for other positions:

LIC HFL Exam Date 2022: On the company’s official website, www.lichousing.com, the Housing Finance Ltd. (HFL) division of the Life Insurance Corporation of India (LIC) has published an announcement on the LIC HFL Recruitment 2022 for the positions of Assistant and Assistant Manager. LIC, which stands for Life Insurance Corporation, is the parent corporation of Housing Finance Limited, which is a subsidiary business. As a result of this recruitment drive, a combined total of 80 openings for the positions of Assistant and Assistant Manager need to be filled in different cities and towns around the nation. The LIC HFL Exam 2022 is planned to take place in the months of September and October in the year 2022. (tentative). Students who meet the requirements are encouraged to submit their applications to LIC Housing Finance Limited for the roles of Assistant and Assistant Manager. Check out the article for LIC HFL Recruitment 2022 for information on the eligibility criteria, notification, exam pattern, age restrictions, and other requirements for LIC HFL Assistant and Assistant Manager positions.

At the national level, the LIC HFL Recruitment 2022 will be conducting a search for candidates to fill 80 Assistant and Assistant Manager positions. The application period for the LIC HFL Recruitment 2022 will close on the 25th of August 2022. Let’s begin by going through the LIC HFL Recruitment 2022 in its entirety.

Overview of the exam: –

The selection of the candidates for the Associates and Assistants depends on the region-wise merit and the Assistant Manager is selected based on All-India merit.

LIC HFL Exam notification and news

The LIC HFL Recruitment Notification 2022 has been posted on the company’s official website, where it announces the availability of 80 positions at the Assistant and Assistant Manager levels and provides information on the application process. Candidates for the recruitment need to have a thorough understanding of the application process before submitting their information. Candidates may get more information about the LIC HFL Recruitment Notification by using the direct link that can be found further down this page for your convenience.

Link- LIC Official Notification

LIC HFL Exam date 2022

The LIC HFL Recruitment 2022 Notification has been rolled out conveying the important dates to apply for the post of LIC Assistant & Assistant Manager along with other important details.

LIC HFL Application fees 2022

If you are applying for the LIC HFL exam you are required to pay a certain amount of fees for the application form. Therefore, below is the classification of the application fee amount to be paid for different posts. The Application fee is applicable to all candidates and non-refundable. Candidates can pay the requisite fee through the online mode till 25th August 2022.

The GST of 18% will be charged on the application fees of Assistant, Assistant Manager, and Associate posts, and the only available mode to pay the fees is through online transactions via Debit/Credit card, Net banking, or mobile wallet options.

LIC HFL 2022 Eligibility criteria

The eligibility criteria for the exam depend on the governing body. The vacancies, age limit, qualification, etc. Depends on the different governing bodies as per their requirements. You must check the given eligibility criteria for all three posts and keep track of the recent updates.

1. Your nationality must be Indian.
2.  You must be a minimum of 21 years of age or a maximum of 28 years of age as of January 2, 1991.
3. You must have good computer skills and it is preferred that you check the skills you will be needing.

Before applying for the LIC HFL exam, you must keep in mind the important points:

• You must have all the necessary documents to prove your eligibility for the LIC HFL exam.
• ST/SC/OBC must have a caste certificate during the registration.
• Your educational qualification should be from a university/college recognized by the government of India.
• You will need to upload your marks calculated to the nearest two decimal places.
• Your marks must be converted into percentage format if mentioned in CGPA.

LIC HFL Vacancies 2022

Total 6 vacancies were released for the post of Associate by the LIC HFL Recruitment 2022 and the slots which were available in the years 2017, 2018, and 2019 are mentioned below:

The vacancies of each post depend upon the requirements of the firm and the organization doesn’t need new recruitments every year. So, it is better to check for the opening of different fields of your interest.

If you are interested to join the LIC HFL Assistant Manager and Management Trainee post-2022, you can refer to the available vacancies below:

If you want to apply for the LIC HFL Assistant Manager and Management Trainee vacancies for the year 2022 you just need to do your research on the requirements because both the posts require good technical knowledge as well as an IT background. If you have an IT background you can apply for the same otherwise, you must do the research.

LIC HFL Vacancies 2019 & 2018:

The region-wise vacancies for the year 2019 are listed below for reference:

Region-wise vacancies for the year 2018:

LIC HFL Probation period:

The probation period for the LIC HFL is different for each post. Refer to the points given below:

• Assistants and Associates: You will get a six months probation period if you applied for the posts of assistant or associate.
• For Assistant Managers: And for the Assistant Manager you will get a one-year training as a management trainee starting from the day of joining.

LIC HFL Salary 2022

The salary for each position is different. And it depends on the position and has a fixed remuneration for that post. The salary keeps on changing according to the performance as well as the experience.

The pay range of the LIC HFL positions are:

Assistant- Starting base salary will be Rs. 22,730 per month in the range of Rs. 22730-1405(1) Rs. 24135-1540(2) Rs. 27215-1740(5) Rs. 35915-2020(2) Rs. 39955-2460(3) Rs. 47335-2570(2) Rs. 52475, together with any additional allowances that are allowed under the regulations. The total monthly salary would be about Rs. 33,960.

Assistant Manager: The initial basic salary, which is Rs. 53,620/- per month, is payable on the scale of Rs. 53,620-2770(14)-92400-2880(3)-101040, together with any additional permissible benefits. The total monthly salary would be about Rs. 80,110.

LIC HFL Syllabus 2022

The LIC HFL Syllabus 2022 is divided into four sections:

1. Reasoning: Conclusions based on your understanding. The logical reasoning test is to check how you will present conclusions in real-life situations.
2. Quantitative Aptitude: Your problem-solving or numerical ability.
3. English Language: Your basic knowledge of Grammar.
4. General Awareness: Your knowledge of current affairs, Banking industries, and Indian financial institutions and their policies. You must be aware of the changes in national and international banking sectors to have good knowledge about the changing market.

LIC HFL is a national-level examination, therefore you must go through the syllabus for the preparation and check for the updates regularly.

Below is the list of topics under each section:

LIC HFL Exam pattern 2022

The LIC HFL Exam is divided into 2 parts: The online written examination and the second part is Interview round. Your selection will depend on the clearing of both rounds. So, it is necessary to do thorough research for better knowledge and understanding of the exam pattern because it will make it easier for you when you will attempt the examination.

• The question paper will consist of multiple-choice questions and the medium for the paper will only be in English.
• You will get a deduction of 0.25 marks for each incorrect answer.
• No marks will be deducted for the unsolved and left-out questions.

The question paper is a total of 200 marks and the time limit to complete the examination is 120 minutes. You will get 35 minutes for each section making it a total of two hours for you to complete the exam.

The LIC HFL Assistant Online Exam will be an objective type, multiple choice test with four sections and a two-hour total running time. English Language, General Awareness, Logical Reasoning, and Quantitative Aptitude/Numerical Ability/Professional Knowledge-make up the four areas of the LIC HFL Syllabus. Below is a list of the LIC HFL Recruitment Exam Pattern.

LIC HFL Admit card 2022

You will be issued an Admit card or Call letter separately for each round. The Admit Card can be downloaded from the official LIC HFL website by logging in using your Registration number and Date of Birth.

Important points to note:

• Without the Admit Card, you won’t be allowed to give the examination because the Admit Card/ Hall Ticket contains all the necessary details to appear for the examination.
• A notification about the availability of Admit Card will be sent on your registered mobile numbers through SMS or email. After receiving the notification, you can download the Admit Card from the official website.
• You must inform the exam authority of any errors or issues in the admit card.
• You can contact the LIC HFL Headquarters by writing an email at [email protected] or you call the LIC help-line 91-022 6827 6827
• The exam conducting body allots the centers.
• Vacancies are region-wise, you cannot apply for the different posts from different regions.
• You will be disqualified if you appear for the same examination twice.

LIC HFL Result 2022

The declaration of results for the LIC HFL 2022 will be in 4 stages. So, you will need to clear all the stages to get selected for the post.

The four stages are: –

• LIC HFL WRITTEN EXAM RESULT: The written exam consists of 200 multiple-choice questions. There will be a deduction of 0.25 marks for every incorrect answer and no deduction on unsolved questions. Hence, the result depends upon the cut-off marks decided by the governing body.
• LIC HFL DOCUMENT VERIFICATION: After the results for the written exam has been declared and you have been qualified, the Next step of the process is the Document verification, You will be asked to bring in the required documents as per the specifications given by the authority. And if any of the documents are missing you will not proceed because all the documents must be presented for verification.
• LIC HFL RESULT FOR PERSONAL INTERVIEW: If you qualify in the first round you will be selected for the interview round. You will be tested on your personal and intellectual skills. The questions asked in the Interview round are to check your basic understanding and knowledge. The result will be based on your performance in both of the rounds. Written as well as Personal Interview.
• LIC HFL MEDICAL TEST: If you are qualified in the personal interview round, you will be called in for the medical test. And if you are unfit for the position you won’t be qualified for it. The purpose of the medical test is to check if you are capable of making logical decisions and are capable of handling responsibilities.

LIC HFL Selection process 2022

The stages of the selection process for LIC HFL recruitment 2022 are:

• Online Test: Your selection for the next round will depend on the qualifying of the online test round. As it is a merit-based selection and also based on the number of vacancies available. Therefore, you have to score good marks to get promoted for the next round.
• There will be a document verification process after you get qualified for the online test. You must have all the documents specified by the exam authority because only after that you will be allowed to appear for the interview round. The selection of the candidates will depend upon the number of vacancies available for the Assistant, Associates, and Assistant Manager positions as well as the qualification of the first round and verification of the documents.
• The total score of both rounds will decide whether you are selected or not.
• All the selected candidates will have to go through a medical test before they get an offer letter for the posts. Only after clearing the medical test, you will be given a job offer for Assistant, Assistant Manager, and Associate posts.
• The medical test will be carried out by an authorized medical examiner. Your medical examination test will determine your selection.

How to apply?

If you are interested to apply for the LIC HFL Examination. You can refer to the steps given below:

• Go to LIC HFL official website.
• Click on the “Careers” option on the homepage of the LIC Housing Finance Limited.
• The “Job Opportunities” page will open up.
• Go through the LIC HFL recruitment notification by clicking on the “click here” link next to the “To View Detailed Advertisement” link.
• After reading the LIC HFL recruitment notification click on the “click here” link next to the “To Apply Online” link.
• A new page will open to apply for the LIC HFL recruitment.
• Select the “Click here for new registration” option.
• After going through the important points click on “Continue”.
• You must mention your Full name
• Confirm your mobile number.
• Enter your verified email ID.
• Verify the security code as shown in the image.
• Click on “Save & Next”.
• Your registration will be completed.
• Registration number and password will be sent to your verified mobile number and email.
• Upload your scanned photograph and signature and click “Next”.
• Enter your personal, your academic, and other details such as the post you want to apply for, your mark sheets, etc. and click on “Save & Next”.
• Make sure all the details you entered are correct and then click on “Save & Next”.
• Upload your hand-written declaration.
• Make the payment of your LIC HFL application fees by going to the “Payment” option.
• Click on “Submit” and take out a copy of the form for your reference.

Documents required for applying online: –

• Your certificates of merit, qualification/University Degree/ Marksheets (up to higher education)
• Scanned copies of your photographs, your signature, your left thumb impression, and your hand-written declaration
• Your Debit and Credit card, Internet banking, mobile wallets for online payment.

The specifications of the document: –

• Your photograph must be recent and in passport size.
• You must use a black ink pen and a white sheet of paper for the signature.
• Your left thumb impression should be on white paper with black or blue ink.
• Your signature and handwritten declaration should not be in capital letters.

You must submit the documents as per the specifications given by the governing body. Therefore, the documents must be up to date and the size of your files should not exceed the given limit. Your handwritten declaration should be framed properly on white paper with a blue or black ink pen.

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FAQs

Q.1 Does the Assistant Manager in LIC HFL come under the Gazetted Officer Category?

Ans. No, the Assistant Manager in LIC HFL does not come under the Gazetted Officer Category.

Q.2 What is the selection process for LIC HFL?

Ans. The selection process is divided into 2 rounds, Written and Personal Interview rounds.

Q.3 How to apply for the recruitment of LIC HFL?

Ans. You must check for the release of official notification and if it’s already out. You can fill the application form on the official LIC HFL website.

Q.4 What is the minimum age limit for any LIC HFL post?

Ans. You must be of 21 years of age if you want to apply for any post in LIC HFL.

Q.5 What is the salary range of Assistant Manager of LIC HFL?

Ans. The salary of the Assistant Manager ranges between 10 to 14 Lakhs Per Annum.

Some other common questions:

Q.6 LIC HFL is a government job or a private job?

Ans. Firstly, LIC HFL is not a government or a private job and Secondly, the Life Insurance Corporation (LIC) is a parent company of LIC HFL. It is a quasi-govt firm.

Q.7 What are the Application fees for the Assistant, Associate, and Assistant Manager post?

Ans. The Application fees for the post of Assistant, Associate, and Assistant Manager is Rs 500/- each.

Q.8 What is the job role of LIC HFL Assistant?

Ans. LIC HFL Assistant job role consists of for instance: –

• Dealing with customer queries and complaints by clearing their doubts and resolving their issues.
• Managing the Insurance and Sales documents
• Handling Online and Offline transactions.
• Assisting Senior Officers.
• Completing day to day tasks assigned by the managers

Q.9 What are the requirements for the post of Assistant Manager?

Ans. You must be a Graduate (minimum aggregate 60% marks) and have completed 2 years full-time MBA /MMS/PGDBA/PGDBM/PGPM/PGDM from a reputed university. Therefore, Long-distance or part-time learning will not be considered. Computer skills are a must.

Q.10 Does LIC HFL have any age relaxation?

Ans. There is no age relaxation in LIC HFL. Hence, you must be of the specified age, ranging between 21 to 28 years old.