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LIC HFL Recruitment Guide: All you need to know

Updated on 30 September 2020
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Banking/IRDA
32 min read 0 views
Updated on 30 September 2020

LIC Housing Finance Ltd (LIC HFL) is one of India's biggest housing finance companies with a primary objective of providing long-term funding to individuals for housing transactions or buildings in India. The Company also provides financing to builders engaged in the building and selling business of houses or flats for residential use. LIC HFL is among India 's leaders guaranteeing access for homeownership to housing finance. LIC HFL is a respected and trusted financial services company, with a strong business framework, a substantial distribution network, and demonstrated industry expertise. In this article, we will cover in-depth about the LIC HFL Recruitment Exam.


Exam Date:


LIC HFL Exam is conducted for various posts like Assistant, Assistant Manager and Associate. LIC will conduct exams for the Assistant post this year i.e. 2020. Candidates should visit the official website of LIC to check the official dates of the examination.

Find all recent LIC HFL 2020 vacancies across India and immediately search all the new LIC HFL 2020 job openings on the official site.


Meanwhile, you can check the tentative dates for LIC Assistant exam below:


 

Exam Events

Tentative Dates 

Online Exam Notification to be Released

September 2020

Online Application form filling starts

September 2020

Last day for online application form filling

October 2020

LIC HFL Prelim Exam 

November 2020

LIC HFL Mains Exam 

December 2020


Eligibility Criteria:


Overall, there are two requirements on which the eligibility for LIC HFL Recruitment Exam 2020 is determined i.e. Education and Age. To apply for this test, you have to qualify according to the eligibility criteria.


1) LIC Age Limitation (as of 1 January 2020) 


  1. Maximum Age-21 years
  2. Age Limit-28 years 
  3. To apply for LIC HFL 2020 you should fall within this upper & lower age limit.


2) Qualification in education (as of 1 January 2020)


Assistant:


  1. You must be a graduate with 55 percent minimum aggregate marks. 
  2. You need to have computer skills.


Associate:


  1. You must be a graduate with 60 percent minimum aggregate marks. 
  2. You must have done CA-Inter. 
  3. You need to have programming skills.


Assistant Manager:


  1. You must be a graduate with 60 percent minimum aggregate marks. 
  2. You should have completed full-time MBA / two-year full-time MMS / two-year full-time PGDBA / PGDBM / PGPM / PGDM in any specialization from an accepted university /institute/board with a minimum of 60 percent marks via standard study mode. 
  3. You need to have programming skills.


Total Vacancy:


LIC Housing and Finance Ltd. has officially released a notification of LIC HFL Recruitment, one of India's largest Housing Finance firms. The posts of Assistant, Associate, and Assistant Manager were reported for a total of 300 vacancies.



Application Process:


  1. LIC HFL Recruitment Notification will be officially published on the portal of LIC. Applicants must have a hawk-eye on Hire lateral’s LIC HFL Recruitment page so that no government job notifications are missed. 


  1. Job applicants can easily apply for LIC HFL Recruitment by visiting the official website of  LIC.


  1. Visit the Careers Page and then click on New Registration.


  1. Review all LIC HFL Recruitment details such as education qualification, age limit, application fee, details of vacancy, pay scale, etc. 


  1. Before applying for a job, check the guidelines provided in the LIC HFL Recruitment Notification. Feel free to fill in all the necessary fields. 


  1. Pay the application fees. Note that the application fees for the exam is Rs 500 for all the three posts i.e. Assistant, Assistant Manager and Associate. Also, the mode of paying the fees is online.


  1. Finally, after checking all the data, submit the filled-in application form.


It is advised to keep a copy of the filled form to yourself as it is an important document that contains your registration number.


Admit Card:


The Hall Tickets for LIC HFL Exams are published just a few weeks before the LIC HFL Exam in which the expected date will soon be released. You will find your LIC HFL Admit Card on the exam administering the body's official site as soon as it comes out.


Salary Structure:


The salary structure for each post is given below:


LIC HFL Assistant Salary:


Basic pay: Rs. 13,980/- per month.

Maximum Monthly Emoluments: About Rs. 23,870/- (depends on the area of posting)


LIC HFL Associate Salary:


Basic pay: Rs. 21,270/- per month

Total Monthly Emoluments: Nearly Rs. 35,960/- (depends on the area of posting)


LIC HFL Assistant Manager:


Basic Pay: Rs. 32,815/- per month

Total Monthly Emoluments: Approximately Rs. 56,000/- (depends on the area of posting)


Selection Process:


The selection under LIC HFL recruiting 2020 for the position of Assistant, Associate, and Assistant Manager will be decided based on: 

  1. Online Testing 
  2. Interview


LIC HFL Exam Syllabus:


Everyone is looking to pass the 2020 LIC HFL Exam with flying colors. To clear the examination, the candidates should carefully read the Life Insurance Corporation (LIC) Housing Finance Syllabus mentioned in the section below:


Numerical Ability:


  1. Probability
  2. Problem on Ages
  3. Number Series
  4. Simplification/ Approximation
  5. Time, Work & Wages
  6. Simple & Compound Interest
  7. Pipes and Cisterns
  8. Quadratic Equations
  9. Data Interpretation (Pie/ Line/ Bar/ Tabular)


Various Problems including the following concerns:


  1. Averages
  2. Ratio & Proportion
  3. Data Sufficiency
  4. Percentages
  5. Profit, Loss & Discount
  6. Mixture & Allegations
  7. Boats & Streams
  8. Speed, Time & Distance


Logical Reasoning:


  1. Puzzles
  2. Syllogism
  3. Order and Ranking
  4. Alphanumeric Series
  5. Coding-Decoding
  6. Inequality
  7. Input-Output
  8. Seating Arrangement
  9. Blood Relations
  10. Distance and Direction


English Language:


  1. Fill in the blanks
  2. Reading Comprehension
  3. Sentence Improvement
  4. Para jumbles
  5. Sentence Connectors
  6. Spotting Errors
  7. Vocabulary (Synonyms/ Antonyms)
  8. Cloze Test
  9. Para completion


General Awareness:


  1. Basic GK
  2. Indian Politics
  3. Physics
  4. The Indian Culture
  5. Botany
  6. Famous Books & Authors
  7. Chemistry
  8. Indian History
  9. Geography
  10. Zoology
  11. Famous Days & Dates
  12. Basic Computer
  13. Indian Politics
  14. Physics
  15. History, Culture, Traditions & Festivals
  16. Inventions in the World
  17. Indian History
  18. Inventions in the World
  19. Famous Books & Authors
  20. History, Culture, Traditions & Festivals
  21. Indian Parliament
  22. Indian Economy
  23. Environment
  24. Sports
  25. Indian Parliament
  26. The Indian Culture
  27. Basic GK
  28. Basic Computer
  29. Environment
  30. Sports
  31. Botany
  32. Chemistry
  33. Geography
  34. Zoology
  35. Famous Days & Dates


A) Current Affairs (National and International):


  1. Major Financial / Economic News
  2. Budget and Five-Year Plans
  3. Sports
  4. Books and Authors
  5. Awards and Honors
  6. Abbreviations
  7. Important Days
  8. Such important subjects are the international and national organizations


B) Insurance Awareness:


  1. Important Insurance Acts
  2. Insurance Sector – Basics
  3. Insurance Terms
  4. History- IRDA
  5. Insurance Companies – Names, Headquarters, Taglines, etc
  6. Insurance Abbreviations
  7. Bancassurance
  8. Insurance Products and Plans
  9. Government Scheme


Exam Pattern:


Recruitment test LIC HFL is categorized into three parts:

  1. HFL Online examination 
  2. Interview
  3. Medical test

The LIC HFL exam pattern for assistant, associate, and assistant manager posts will be the same, only the difficulty level differs as per the post.



Topics

Total Number of Questions

Total Marks 

Time allotted

English Language

50

50

35 mins

Logical Reasoning

50

50

35 mins

Numerical Ability

50

50

35 mins

General Awareness

50

50

15 mins


200

200

120 mins


 

The candidates can prepare their exam according to the above pattern.

 

Cut Off:


 The LIC HFL Exam Cut Off Marks 2020 is calculated by Life Insurance Company based on different factors such as the total number of people attending the written examination, the total number of vacancy counts, the level of complexity of the question paper, etc.


This is the complete LIC HFL Recruitment Guide that one needs to follow to clear the exam with good scores. Clearing this exam will open up many new opportunities so candidates must prepare thoroughly for it. Good Luck to all the LIC HFL aspirants!

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