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  • Addendum

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    Aditya Chaudhary
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    The document is an addendum to a previous notification regarding the recruitment of Assistant Administrative Officers for the 31st batch at LIC. It modifies clause 7 of the original notification pertaining to a "guarantee bond." The revised clause 7 now requires candidates, upon joining as probationers, to give an undertaking to serve LIC for a minimum of four years, otherwise they will be liable to pay liquidated damages of Rs. 5,00,000 or an amount prescribed by the Executive Director. Candidates will also need to submit a duly stamped and notarized deed of indemnity and surety.

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    The document is an addendum to a previous notification regarding the recruitment of Assistant Administrative Officers for the 31st batch at LIC. It modifies clause 7 of the original notification pertaining to a "guarantee bond." The revised clause 7 now requires candidates, upon joining as probationers, to give an undertaking to serve LIC for a minimum of four years, otherwise they will be liable to pay liquidated damages of Rs. 5,00,000 or an amount prescribed by the Executive Director. Candidates will also need to submit a duly stamped and notarized deed of indemnity and surety.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    12 views1 page

    Addendum

    Uploaded by

    Aditya Chaudhary
    The document is an addendum to a previous notification regarding the recruitment of Assistant Administrative Officers for the 31st batch at LIC. It modifies clause 7 of the original notification pertaining to a "guarantee bond." The revised clause 7 now requires candidates, upon joining as probationers, to give an undertaking to serve LIC for a minimum of four years, otherwise they will be liable to pay liquidated damages of Rs. 5,00,000 or an amount prescribed by the Executive Director. Candidates will also need to submit a duly stamped and notarized deed of indemnity and surety.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Addendum to Notification dated 15.01.

    2023 for Recruitment of AAO (Generalist)- 31st Batch

    Further, to our Notification dated 15.01.2023, Clause 7 regarding “Guarantee


    Bond” has been modified.

    Revised Clause 7 reads as follows:

    “Before joining as a Probationer, candidates will be required to give an


    undertaking to serve LIC for a minimum period of four years from the date of
    joining (including probationary period) failing which, he/she or his /her heirs,
    executors, administrators will be liable to pay liquidated damages of Rs.5,00,000/-
    only (Rupees Five Lakhs only) or the sum of amount the Executive Director
    (Personnel) may prescribe from time to time. GST or any other tax payable, if
    any, shall also be borne by the candidate. The candidate will have to submit Deed
    of Indemnity and surety at his cost, duly stamped and notarized, the stamp value
    of which will be as applicable to the State in which the deed is executed by the
    candidate.”

    Executive Director (Personnel)

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