Life Insurance Corporation Of India, Central Zonal Office BhopalLIC India invites application for the following posts:
Financial Services Executives (FSE)
Posts : 45 posts
Age: 21 to 35 years as on 1st March 2011
Application Fee: Rs.100/-
Selection: Written test / Interview
Last Date: 11th April 2011
Details here:
About LIC India
The Life Insurance Corporation of India (LIC) is the largest state-owned life insurance company in India, and also the country's largest investor.
The Oriental Life Insurance Company, the first corporate entity in India offering life insurance coverage, was established in Calcutta in 1818 by Bipin Bernard Dasgupta and others. Europeans in India were its primary target market, and it charged Indians heftier premiums. The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider.
In 1955, parliamentarian Amol Barate raised the matter of insurance fraud by owners of private insurance companies. In the ensuing investigations, one of India's wealthiest businessmen, Ram Kishan Dalmia, owner of the Times of India newspaper, was sent to prison for two years. Eventually, the Parliament of India passed the Life Insurance of India Act on 1956-06-19, and the Life Insurance Corporation of India was created on 1956-09-01, by consolidating the life insurance business of 245 private life insurers and other entities offering life insurance services. Nationalization of the life insurance business in India was a result of the Industrial Policy Resolution of 1956, which had created a policy framework for extending state control over at least seventeen sectors of the economy, including the life insurance.
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