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Life Insurance Corporation of India recruits Medical Officer

Life Insurance Corporation of India invites application for the recruitment of Medical Officer with Post Graduate holders

Company Name: Life Insurance Corporation of India
Position: Medical Officer
Education: Post Graduate
Experience: 5 years
Location: Mumbai


Medical Officer
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.

Number of Posts Two
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 SelectionSelection will be based on qualifications, experience and performance in interview. Preference will be given to candidates having experience in Insurance Medicine.
Work profile Opining on online 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 decisions online.
Remuneration Only Basic Pay as applicable to the cadre of Divisional Manager in the Corporation in the scale of `34460-1200(7)-42860. Candidate will be entitled for regular annual increment as per rules. No other allowances like DA /HRA /CCA /Conveyance shall be allowed.
The Medical Officer shall be entitled for `135/- for medical opinion – per case (rate per case may be reviewed in future). The difference between total annual payouts calculated on per case basis and the annual salary, if any, shall be paid as incentive at the end of the financial year. Approximately 15000 to 20000 cases are to be dealt by individual Medical Officer. T.E. rules as applicable to Divisional Manager’s cadre officers 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 6 days Casual Leave can 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 as per the proforma given below in a sealed envelop along with copies of certificates showing Date of Birth, Qualification, Experience etc.
addressed to

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 28.6.2014. Applications received after 28.6.2014 shall not be entertained.

Important dates to remember :
Last date to apply : 28.06.2014


How to Apply:




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