Life Insurance Corporation of India Recruitment 2016 Job Online Apply


Applications are invited for appointment to the post of Medical Officer on Part-Time Contractual Basis at the Underwriting & Reinsurance Department of the Central Office of Life Insurance Corporation of India situated at “Yogakshema”, Jeevan Bima Marg, Nariman Point, Mumbai 400 021.

No. of Posts 02
Age Preferably in the age group of 36 to 55 years
Qualification Post Graduate Qualification in Cardiology/Post Graduate Qualification in Medicine with experience in Cardiology.
Period of Appointment Appointment will be on a part –time contractual basis for a period of three years renewable at the discretion of the Corporation depending upon performance, health etc. of the candidate at the time of renewal of contract but in any case will not extend beyond the age of 60 years of the candidate. The appointment can be terminated by either party giving 3 month’s notice.
Experience 5 years teaching experience / practice.
Duty Hours The appointment will be on part-time basis. Candidates will be required to be
on duty for at least four hours on each working day.
Method of Selection Selection will be based on qualifications, experience and performance in interview. Preference will be given to candidates having experience in
Insurance Industry.
Work profile Opining on cases received for new proposals/revivals/claim cases and
employee health benefit cases. Guiding and advising the Underwriting &
Reinsurance Department of Central Office in the matter of sub-standard lives. Conducting quality analysis of the opinion given on ECGs /TMTs & other prescribed cardiac investigations by the Divisional/Zonal Medical Referees. Proper assessment of cases in view of increasing competition, awareness and expectations of the consumer. Drawing suitable programs and
participating in underwriting seminars held periodically, helping in planning and conducting various medico actuarial studies as and when needed. The working is online and it is expected that the candidate should be able to work on computers to give Medical opinion.
Remuneration Monthly Consolidated Remuneration of Rs 65,805/- in the First year,
68,105/- in the Second year, 70,405/- in Third year. No other allowances like DA /HRA /CCA /Conveyance shall be allowed.
The Medical Officer shall be entitled for Rs135/- for medical opinion per
case(First reference) and Rs 65/- per case for Resubmission . The difference between total annual payouts calculated on per case basis and the annual Remuneration, if any, shall be paid as incentive at the end of the financial year.
T.E. rules as applicable to Divisional Manager’s cadre officers in the
Corporation shall be applicable. Candidates will not be entitled to Provident Fund, Gratuity, Pension, Leave encashment, LTC, Group Insurance, Mediclaim and other benefits applicable to a permanent employee of the Corporation.
Leave Candidates will be allowed casual leave of 15 days in a year. However, not more than 06 days Casual Leave cannot be availed at a time. Candidates are also entitled to Privilege Leave of 15 days for each completed year of service. Accumulation of Privilege Leave shall be allowed upto a maximum of 45 days No other kind of leave will be admissible.

Eligible candidates may submit their Applications. Download the Application form from official website and send to following address in a sealed envelop along with copies of certificates showing Date of Birth, Qualification, Experience etc. 

The Executive Director (Personnel)

Life Insurance Corporation of India,
Central Office, Yogakshema, Jeevan Bima Marg,
Nariman Point, Mumbai 400 021

so as to reach the undersigned on or before 15/03/2016.  Applications received after 15/03/2016 shall not be entertained.

Official notification