LIC HFL Exam 2023
1. The Life Insurance Corporation Housing Finance Limited (LIC HFL) has released the notification for LIC HFL Exam 2023.
2. The LIC HFL Exam 2023 will be conducted to fill the vacancies of Assistant, Associate, and Assistant Manager posts.
3. The examination will be conducted in two phases i.e. Preliminary Examination and Main Examination.
4. The Preliminary Examination will be an online objective test and the Main Examination will be conducted in the online descriptive mode.
5. Candidates must possess a Bachelor’s Degree from a recognized university in India.
6. The minimum age for the LIC HFL Exam 2023 is 21 years and the maximum age is 28 years.
7. The application fee for the LIC HFL Exam 2023 is Rs. 500 for General and OBC candidates and Rs. 50 for SC/ST/PWD candidates.
8. The selection process for the LIC HFL Exam 2023 includes the Preliminary Exam, Main Exam, Interview and Document Verification.
9. The exam will be conducted in English language only.
10. The dates for the LIC HFL Exam 2023 are yet to be announced.
Exam Pattern and Syllabus of 'LIC HFL Exam 2023'
The Life Insurance Corporation of India Housing Finance Limited (LIC HFL) Exam is a competitive exam conducted by the Life Insurance Corporation of India (LIC) to recruit candidates for various posts such as Assistant, Associates and Assistant Managers. The LIC HFL Exam is conducted in three stages, which are Preliminary Exam, Main Exam and Interview.
The Preliminary Exam consists of two papers – Paper I and Paper II. Paper I tests the candidates on the topics of Quantitative Ability, Logical Reasoning, English Language and General Knowledge. Paper II tests the candidates on the topics of Financial Awareness, Computer Awareness, Insurance and Financial Market Awareness and Professional Knowledge.
The Main Exam consists of three papers – Paper I, Paper II and Paper III. Paper I tests the candidates on the topics of Verbal Ability, Reasoning Ability, Quantitative Ability and General Awareness. Paper II tests the candidates on the topics of Financial Awareness, Computer Awareness, Insurance and Financial Market Awareness and Professional Knowledge. Paper III tests the candidates on the topics of English Comprehension, Business English and Technical and Professional Knowledge.
The Interview is the final stage of the recruitment process. The interview tests the candidates on their knowledge of the topics covered in the Preliminary and Main Exams. The interview also tests the candidates on their communication skills and general aptitude.
The syllabus for the LIC HFL Exam is divided into three parts – Preliminary Exam, Main Exam and Interview. The syllabus for the Preliminary Exam covers the topics of Quantitative Ability, Logical Reasoning, English Language, General Knowledge, Financial Awareness, Computer Awareness, Insurance and Financial Market Awareness and Professional Knowledge. The syllabus for the Main Exam covers the topics of Verbal Ability, Reasoning Ability, Quantitative Ability, General Awareness, Financial Awareness, Computer Awareness, Insurance and Financial Market Awareness and Professional Knowledge. The syllabus for the Interview covers the topics covered in the Preliminary and Main Exams.
The Exam Pattern for the LIC HFL Exam consists of two stages – Preliminary Exam and Main Exam. The Preliminary Exam consists of two papers – Paper I and Paper II. Paper I consists of 100 questions and is of 1 hour and 30 minutes duration. Paper II consists of 40 questions and is of 45 minutes duration. The Main Exam consists of three papers – Paper I, Paper II and Paper III. Paper I consists of 100 questions and is of 1 hour and 30 minutes duration. Paper II consists of 40 questions and is of 45 minutes duration. Paper III consists of 40 questions and is of 40 minutes duration. The Interview is of 30 minutes duration.
Eligibility criteria of 'LIC HFL Exam 2023'
LIC Housing Finance Limited (LIC HFL) is a public sector finance company that offers a wide range of housing finance products. The company conducts an online exam for recruitment of candidates for various posts. The eligibility criteria for appearing in the LIC HFL exam is as follows:
1. Educational Qualification: Candidates must have a Bachelor’s Degree in any discipline from a recognized university. Candidates with an MBA or equivalent degree in finance/banking/marketing will be preferred.
2. Age Limit: The minimum age limit for appearing in the LIC HFL exam is 21 years and the maximum age limit is 30 years. However, the upper age limit may be relaxed, depending on the category of the candidate.
3. Nationality: The candidate must be a citizen of India.
4. Work Experience: Candidates must have at least three years of work experience in the banking/finance/insurance sector.
5. Computer Proficiency: Candidates must possess basic knowledge of computers and should be familiar with Microsoft Office.
6. Language Proficiency: The candidate must have a good command over the English language.
7. Physical Ability: Candidates must be physically fit and capable of performing the tasks associated with the job.
8. Medical Fitness: Candidates must possess a valid medical fitness certificate from a recognized medical practitioner.
The LIC HFL exam is conducted in an online format. Candidates will have to answer multiple choice questions on topics such as English language, General Awareness, Quantitative Aptitude, Reasoning & Computer Aptitude, and Financial Awareness. The exam duration is 2 hours and the maximum marks are 200. The minimum qualifying marks for the exam are 70.
Applicants must ensure that they meet the eligibility criteria before applying for the LIC HFL exam. Candidates who are found to be ineligible at any stage of the selection process will be disqualified.
Salary Structure of 'LIC HFL Exam 2023'
Salary structure of LIC HFL Exam
LIC HFL (Life Insurance Corporation Housing Finance Limited) is one of the leading housing finance companies in India. The company provides housing finance to individuals, corporates and institutions. LIC HFL conducts an online entrance examination for recruitment of Assistant, Associate and Assistant Managers.
The salary structure for LIC HFL Exam is based on the job profile and grade you are selected in. The basic salary for Assistant Manager is around ₹42,000 per month and the total emoluments including allowances and incentives may be around ₹65,000 per month.
The salary structure for Associate and Assistant grades is different. Associates start with a basic salary of ₹25,000 per month and their total emoluments including allowances and incentives may be around ₹40,000 per month.
For the Assistant grade, the basic salary is around ₹20,000 per month and the total emoluments including allowances and incentives may be around ₹30,000 per month.
Apart from the basic salary, LIC HFL employees are also entitled to various allowances and benefits such as House Rent Allowance, City Compensatory Allowance, Dearness Allowance, Medical Reimbursement, LTC and Gratuity.
In addition to the basic salary and allowances, LIC HFL also offers certain incentives and bonuses to its employees. Performance based incentives are provided to employees who exceed the performance targets. The salary structure also includes a Fixed Performance Bonus, which is paid annually.
LIC HFL also provides its employees with various other benefits such as Employee Stock Option Plan, Insurance Cover, Pension Plans, Leave Encashment and Reimbursement of Professional Fees.
Overall, the salary structure of LIC HFL Exam is quite attractive and competitive. It offers a good salary and benefits package, which is comparable to that of other leading housing finance companies in the country.
Selection Process of 'LIC HFL Exam 2023'
The selection process of LIC HFL Exam is a multi-stage process, which comprises of the following steps:
1. Online Preliminary Exam:
The first step of the LIC HFL selection process is the online preliminary exam. This exam comprises of objective type questions from the following sections: English Language, Quantitative Aptitude, Reasoning Ability and General Knowledge & Awareness. All the questions are multiple-choice questions (MCQs) and the duration of the exam is 1 hour. The marks obtained in this exam are considered for the final selection.
2. Online Mains Exam:
The second step of the LIC HFL selection process is the online mains exam. The exam consists of objective type questions from the following sections: English Language, Quantitative Aptitude, Reasoning Ability, Computer Knowledge and General Knowledge & Awareness. All the questions are multiple-choice questions (MCQs) and the duration of the exam is 2 hours. The marks obtained in this exam are considered for the final selection.
3. Interview:
The third step of the LIC HFL selection process is the personal interview. The candidates who qualify in the online exam are called for the interview. The interview is conducted to assess the candidate’s knowledge, skills and communication skills. The marks obtained in the interview are considered for the final selection.
4. Document Verification:
The last step of the LIC HFL selection process is the document verification. The candidates who qualify in the interview are called for the document verification. The documents required for the verification are the candidate’s educational certificates, identity proof and address proof. The documents must be verified and approved by the selection committee for the final selection.
The candidates who qualify in all the steps of the LIC HFL selection process are finally selected for the job. The candidates must score minimum qualifying marks in each of the steps to be eligible for the selection. The candidates who successfully clear all the stages of the selection process are offered the job.
More Information on 'LIC HFL Exam 2023'
LIC Housing Finance Limited (LIC HFL) is one of the leading housing finance companies in India. It was established in 1989, and is a subsidiary of Life Insurance Corporation of India (LIC). LIC HFL provides financial assistance to individuals and institutions for the purchase, construction, repair, renovation, and upgradation of homes as well as to purchase of plots of land.
The LIC HFL conducts an online recruitment exam every year to hire eligible candidates for various posts. The exam consists of three sections - Reasoning & Numerical Ability, English Language and General Awareness. Candidates need to clear all the sections in order to qualify for the job.
The number of vacancies for the LIC HFL exam vary from year to year. Generally, the exam is conducted to fill up around 1000 vacancies. Candidates can apply for the exam through the official website.
The average pass rate of the LIC HFL exam is around 60%. This means that only 60% of the candidates who take the exam are able to clear it. The exam is designed to be a bit challenging and hence, the pass rate is lower than other competitive exams.
The difficulty level of the LIC HFL exam is moderate to tough. The exam consists of questions from various topics and the difficulty level increases as the exam progresses. There is a negative marking system in the exam and hence, it is important for candidates to be careful while attempting the questions.
Candidates can prepare for the LIC HFL exam by studying from the official notification and material provided by the company. They can also take mock tests to practice and boost their confidence.
Overall, the LIC HFL exam is a challenging one and requires dedication and hard work to clear it. The number of vacancies, average pass rate and difficulty of the exam have made it a popular choice among candidates. Those who are able to clear the exam are rewarded with a great job opportunity and the chance to work with a reputed organization.
