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LIC HFL Exam: Complete Details and Preparation Guide

LIC HFL EXAM Complete details

The LIC HFL (Housing Finance Limited) Exam is a competitive examination held to recruit candidates for various LIC Housing Finance Limited positions. The exam is conducted for Assistant, Associate, and Assistant Manager posts. The exam is highly competitive, and candidates must thoroughly prepare to secure a job in LIC HFL.

Eligibility Criteria for LIC HFL Exam

Age Limit

The age limit for LIC HFL varies depending on the position applied for. For the Assistant position, the age limit is 21-28 years. For the Associate position, it is 21-30 years, and for the Assistant Manager position, it is 21-30 years. 

Educational Qualification

The applicants must have completed a Bachelor’s degree in any discipline from a recognized university.

Selection Process for LIC HFL Exam

The selection process for the LIC HFL Exam consists of three stages: the Online Exam, the Interview, and Medical Examination. Candidates who qualify for all these stages are selected for the respective positions.

Exam Pattern for LIC HFL Exam

The exam pattern for the LIC HFL Online Exam varies according to the position applied for. For the Assistant position, the exam comprises 100 objective-type questions divided into four sections: English Language, Logical Reasoning, Numerical Ability, and General Awareness. The exam spans a total duration of 90 minutes.

In contrast, the Associate and Assistant Manager positions’ exams consist of 200 objective-type questions divided into five sections: English Language, Logical Reasoning, Numerical Ability, General Awareness, and Professional Knowledge. 

The total duration of the exam for these positions is 120 minutes. Candidates should note that the exam pattern and syllabus are subject to change. To stay updated with the latest information, candidates are advised to refer to the official notification. It is essential for candidates to prepare thoroughly for the exam, aiming for high scores and improving their chances of qualifying for the subsequent stage of the selection process.

Interview for LIC HFL Exam

Candidates who qualify for the Online Exam are required to undergo an Interview. The interview tests the candidate’s communication skills, leadership qualities, and overall personality.

Medical Examination for LIC HFL Exam

Candidates who qualify for the Interview must undergo a medical examination to confirm their suitability for the positions.

LIC HFL Salary

The salary for the positions of Assistant, Associate, and Assistant Manager in LIC HFL is as per the pay scales of Rs. 13,980 – Rs. 32,815 per month, Rs. 21,270 – Rs. 50,700 per month, and Rs. 32,815 – Rs. 61,670 per month, respectively.

Preparation Tips for LIC HFL Exam

Understand the exam pattern and syllabus thoroughly. Keep frequently practising by solving mock tests and previous year’s question papers. Improve time management skills and accuracy by taking online practice tests. Focus on weak areas and try to improve them. Stay informed and up-to-date with the latest current affairs and general knowledge topics. 

Important Dates for LIC HFL Exam

The LIC HFL exam is conducted annually, and LIC announces the important dates.

LIC HFL Exam Date 2023 
EventsDates
Online Application Start DateTo be announced.
Online Application End DateTo be announced.
Downloading of Call Letters for Online ExamTo be announced.
Online Examination for Assistant To be announced.
Online Examination for Assistant Manager To be announced.

Application Process for LIC HFL Exam

The LIC HFL exam application process is conducted online, and candidates need to follow the steps outlined below to apply for the exam:

  • Visit the official website of LIC HFL.
  • Click on the link for the LIC HFL exam.
  • Register by providing details of your name, email ID, and phone number.
  • Upload your photograph and signature in the proper format.
  • Fill in the online application form with your educational and personal details.
  • Pay the application fee online 
  • Review the application form carefully to ensure all details are accurate.
  • Submit the application form.
  • You can take print for further reference

Application Fee for LIC HFL Exam

The application fee for the LIC HFL exam is as follows: For Assistant and Associate posts:

  • For General/OBC candidates: Rs. 1000/-
  • For SC/ST candidates: Rs. 100/- For Assistant Manager post:
  • For General/OBC candidates: Rs. 1000/-
  • For SC/ST candidates: Rs. 100/- The application fee can be paid online using a debit card or credit card, or net banking.

Admit Card for LIC HFL Exam

The LIC HFL exam admit card is released online on the official website of LIC HFL, and candidates can download it by giving their registration number and password. The admit card is an important document with essential details, including the exam date, time, and venue. 

Online Application Starts for LIC HFL Exam

The online application process usually starts in August/September. Last Date for Online Application: The last date for submitting the online application form is usually in September/October.

Exam Date for LIC HFL Exam

The exam is usually conducted in October/November. Result: The result for the exam is usually declared in November/December.

Important Points to Remember for LIC HFL Exam

Before applying for the LIC HFL exam, candidates must carefully check and ensure they meet the eligibility criteria. The application process is online, and candidates must provide accurate and complete information. The selection process for the LIC HFL exam is based on the marks acquired in the online examination and interview.

On the exam day, candidates must carry a valid photo ID proof, and the admit card to the exam centre. The exam is in English and Hindi, and candidates can choose their preferred language during the application process.

Syllabus for LIC HFL Exam

The syllabus for the LIC HFL exam is as follows: For Assistant and Associate posts:

  • English Language: Reading Comprehension, Cloze Test, Para Jumbles and Error Spotting, Sentence Improvement, Fill in the blanks, etc.
  • Logical Reasoning: Seating Arrangement, Puzzles, Coding-Decoding, Blood Relations, Direction Sense, Syllogism, Inequalities, etc.
  • Numerical Ability: Number System, Simplification, Data Interpretation and Mensuration, Time and Work, Percentage, Profit and Loss, etc.
  • General Awareness: Current Affairs, Banking Awareness, Sports, Awards and Honours, Books and Authors, History, Geography, etc.

For Assistant Manager post:

  • English Language: Reading Comprehension, Cloze Test, Para Jumbles, Error Spotting, Sentence Improvement, Fill in the blanks, etc.
  • Logical Reasoning: Seating Arrangement, Puzzles, Coding-Decoding, Blood Relations, Direction Sense, Syllogism, Inequalities, etc.
  • Numerical Ability: Number System, Simplification, Data Interpretation and Mensuration, Time and Work, Percentage and Profit and Loss, etc.
  • General Awareness: Current Affairs, Banking Awareness, Sports, Awards and Honours, and Books and Authors, History, Geography, etc.
  • Legal/Professional Knowledge: Basics of Indian Law, Law of Torts, Law of Contracts, Companies Act, etc.

Books and Study Material for LIC HFL Exam

For the English Language, Logical Reasoning and Numerical Ability:

For General Awareness:

  • Pratiyogita Darpan
  • Manorama Yearbook
  • The Hindu Newspaper
  • Banking Awareness by Arihant Publications

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FAQs

Q: What is the LIC HFL exam?

A: The LIC HFL exam is a competitive examination conducted by LIC Housing Finance Limited to recruit candidates for various posts in the company.

Q: Describe the eligibility criteria for the LIC HFL exam?

A: The eligibility criteria for the LIC HFL exam vary depending on the post for which a candidate is applying. Generally, candidates should be Indian citizens aged between 21 to 28 years with a minimum educational qualification of a bachelor’s degree in any discipline from a recognized university. Additional eligibility criteria may include work experience, knowledge of the local language, and other factors specific to the post.

Q: Explain the exam pattern for the LIC HFL exam?

A: The exam pattern for the LIC HFL exam varies depending on the post for which a candidate is applying. Generally, the exam consists of a written test followed by an interview round. The written test may include English Language, Reasoning Ability, Numerical Ability, General Awareness, and Computer Knowledge.

Q: Describe the syllabus for the LIC HFL exam?

A: The syllabus for the LIC HFL exam includes topics like English Language, Reasoning Ability, Numerical Ability, General Awareness, and Computer Knowledge.

Q: Describe the selection process for the LIC HFL exam?

A: The selection process for the LIC HFL exam usually consists of a written test followed by an interview round. The final selection is based on the candidate’s performance in both the written test and the interview round.

Q: What is the salary of a LIC HFL employee?

A: The salary of a LIC HFL employee varies depending on the post and location. Generally, the salary ranges from Rs. 13,980 to Rs. 32,815 monthly, along with other allowances and benefits per company norms.

Q: When is the LIC HFL exam conducted?

A: The LIC HFL exam is conducted once a year, and the notification will be released during August or September, with the exam in October or November. 

Q: What about any negative marking in the LIC HFL exam?

A: A negative marking of 0.25 marks for each wrong answer in the LIC HFL exam.

Q: Can final-year students apply for the LIC HFL exam?

A: No, final-year students are not eligible to apply for the LIC HFL exam. Candidates need to have completed their Bachelor’s degree at the time of applying.

Q: Is there any cut-off in the LIC HFL exam?

A: Yes, there may be a sectional cut-off in the LIC HFL exam, depending on the post and the exam pattern. Candidates must score minimum passing marks in each section to clear the exam.

Q: Is there any interview round in the LIC HFL exam? 

A: Yes, there is an interview round in the LIC HFL exam for the shortlisted candidates after the online examination.

Q: Can candidates select the language for the language proficiency test in LIC HFL?

 A: Yes, candidates can choose the language for the language proficiency test in LIC HFL. The candidate can choose from English or Hindi as per their preference.

Q: Explain the difficulty level of the LIC HFL exam? 

A: The difficulty level of the LIC HFL exam is moderate. Candidates must have a strong grasp of the concepts and practice regularly to clear the exam.

Q: Explain the cut-off for the LIC HFL exam? 

A: The cut-off for the LIC HFL exam varies each year depending on factors such as the number of vacancies, the difficulty level of the exam, and the number of candidates appearing.

Q: Can candidates apply for multiple positions for the LIC HFL exam?

 A: Yes, candidates can apply for multiple positions in LIC HFL, subject to meeting the eligibility criteria for each position.

Q: What is the validity period of the LIC HFL exam scorecard? 

A: The validity period of the LIC HFL exam scorecard is usually one year.

Q: Can candidates use a calculator during the LIC HFL exam? 

A: Yes, candidates can use a calculator for the numerical ability section during the LIC HFL exam.

Q: Are there any study materials available for the LIC HFL exam?

 A: Yes, there are many books, online resources, and coaching institutes that provide study materials and guidance for the LIC HFL exam.

Q: What is the application fee for the LIC HFL exam? 

A: The application fee for the LIC HFL exam is usually Rs. 500 for all categories of candidates.

Q: What are the eligibility criteria for the LIC HFL exam? 

A: The eligibility criteria for the LIC HFL exam include a bachelor’s degree in any discipline from a recognized university or equivalent institution, with a minimum age of 21 years and a maximum age of 28 years as of January 1st of the year of the exam. Age relaxation applies to certain categories such as SC/ST, OBC, PwD, ex-servicemen, etc.

Q: What is the selection process for the LIC HFL exam? 

A: The selection process for the LIC HFL exam includes three stages: Online Examination (Phase I), Online Examination (Phase II), and Interview. Candidates who qualify in the Online Examination (Phase I) are eligible to appear for the Online Examination (Phase II), and those who qualify for the Online Examination (Phase II) are called for the Interview.

Q: Describe the exam pattern for the LIC HFL exam? 

A: The exam pattern for the LIC HFL exam includes two online exams – Online Examination (Phase I) and Online Examination (Phase II). The Online Examination (Phase I) consists of four sections – English Language, Logical Reasoning, General Awareness, and Numerical Ability, totalling 90 minutes. The Online Examination (Phase II) consists of two sections – English Language and Legal/Professional Knowledge, totalling 120 minutes. Both exams are conducted in online mode.

Q: What is the salary of a LIC HFL Assistant/Associate/Assistant Manager?

 A: The starting basic pay of a LIC HFL Assistant/Associate/Assistant Manager varies depending on the post, usually ranging from Rs. 13,980 to Rs. 32,815 per month, along with other allowances and benefits.

Q: Is there any relaxation in the age limit for reserved category candidates in the LIC HFL exam?

 A: Yes, there is a relaxation in the age limit for reserved category candidates in the LIC HFL exam as per government norms.

Q: Can candidates change their exam centre after submitting the application form for the LIC HFL exam? 

A: Candidates cannot change their exam centre after submitting the application form for the LIC HFL exam. The exam centre allotted by the LIC HFL is final.

Q: Can candidates change their examination centre after submitting the application form for the LIC HFL exam? 

A: Candidates cannot change their examination centre after submitting the application form for the LIC HFL exam. The examination centre chosen in the application form is final.

Q: Can candidates appear for the LIC HFL exam in regional languages? 

A: No, candidates can only appear for the LIC HFL exam in the English language.

Q: Can candidates apply for the LIC HFL exam if they have a backlog in graduation?

 A: Candidates cannot apply for the LIC HFL exam if they have a backlog in graduation. They must have passed their graduation before the time of applying.

Q: Describe the syllabus for the LIC HFL exam? 

A: The syllabus for the LIC HFL exam includes topics like English Language, Logical Reasoning, Numerical Ability, General Awareness, and Computer Knowledge.

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