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LIC Recruitment Result of AAO

RECRUITMENT OF ASSISTANT ADMINISTRATIVE OFFICERS (CHARTERED ACCOUNTANT)

List of successful candidates displayed at respective Divisional Offices  

On the basis of the online test and interview held for recruitment to the post of Assistant Administrative Officer (Chartered Accountant), candidates with the following roll numbers have been shortlisted for pre recruitment medical examination.

The candidates are advised to contact the Divisional Offices noted against their name on any working day from 07th September 2015 to 12th September 2015 for pre recruitment medical examination.


After the medical examination, if they are found medically fit for appointment, they will be advised to report to training centre mentioned in their letter, on 04th October 2015. The training will commence on 05th October 2015. Individual communication has been sent through email.

Result

Anti Fraud Policy

Anti Fraud Policy

Life Insurance Corporation of India is the largest life insurer in India and has been playing a significant role in spreading the life insurance amongst the masses and in mobilization of people’s money for people’s welfare.

Life Insurance Corporation of India aims to be an honest and ethical Organization, seeking to conduct its business to the highest level of integrity and objectivity. Life Insurance Corporation of India follows a Zero tolerance policy in relation to frauds and encourages its employees and intermediaries to act with high level of sincerity and to safeguard its interests along with the Policyholders.

In order to protect its financial systems, resources, assets, the integrity of its employees and intermediaries and above all Policyholder’s welfare, the Corporation has established an Anti Fraud policy as a part of Fraud Monitoring Framework for the Corporation in accordance to Para C of IRDA Circular ref: IRDA/SDD/MISC/CIR/009/01/2013 dated Jan 21, 2013.


OBJECTIVES

a) The primary objective of this policy is to minimize the risk of any fraud occurring within the Organization and to optimize the likelihood of its detection as soon as possible leading to full investigation.

b) To Protect Life Insurance Corporation of India from the financial and reputational risks posed by Insurance frauds.

c) To setup a framework to detect, monitor and mitigate the occurrence of Insurance frauds within Life Insurance Corporation of India.

d) To develop and promote an organizational culture which encourages the prevention of fraud by raising awareness of the need for high standard of personal conduct.

ROLE OF INDIVIDUAL EMPLOYEE

•  Identify the potential areas of fraud in the operations of their responsibility.

•  Maintain high level of personal integrity.

•  Ensure that public funds are safeguarded while dealing with cash, receipts, stocks or dealing with contractors or suppliers etc.

• Whenever any fraud is suspected or has occurred, immediately the same should be brought to the notice of their immediate superior officer for further necessary action.

ROLE OF VARIOUS INTERMEDIARIES

•  The Corporation expects all Agents, Corporate Agents, Financial Service Executive, Direct Sales Executive, Chief Life Insurance Advisors, Brokers, Micro Insurance Agents etc. to abide by and co-operate with the Corporation’s Anti Fraud Policy.

• All the intermediaries shall be responsible for compliance with applicable Insurance Laws.

•  They should be familiar with the types of improprieties that might occur in their areas of responsibility and should be alert for any indication of irregularities.

ROLE OF POLICYHOLDERS, BENEFICIARIES

Life Insurance Corporation of India urges its Policyholders, beneficiaries & all concerned to act in a lawful & proper manner and to report allegations or irregularities in respect of Life Insurance Fraud to the Corporation.

In case of any incident of fraud/possible attempt of fraud regarding Life Insurance Corporation of India, kindly contact our nearest LIC Branch Office to report or e-mail to co_fraud@licindia.com or address to

Life Insurance Corporation of India

Personnel Department,

Central Office,

5th Floor West Wing,

Yogakshema,

Mumbai 400021

Apply Online For The Golden Jubilee Scholarship

LIC Golden Jubilee Foundation was established on 20.10.2006, and registered with Charity Commissioner under Bombay Public Trust Act 1950 with the objective of promoting education, health, relief of poverty or distress and advancement of other objects of general public utility.

To achieve these objectives, the foundation works with human and capital resources received from LIC.

Projects range from scholarships, health initiatives, rural education programmes and providing infrastructural support in fields of education and health.

CATEGORY	NUMBER	Amount sanctioned in र
ADVANCEMENT OF EDUCATION	150	22,16,30,562
MEDICAL RELIEF	140	22,55,40,817
OBJECTS OF GENERAL PUBLIC UTILITY	35	5,68,60,755
Total	325	50,40,32,134

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