Life Insurance Corporation of India (LIC) :Apprentice Development Officers (ADO) Recruitment Year : 2009-10

Life Insurance Corporation of India (LIC)

Apprentice Development Officers (ADO) Recruitment Year : 2009-10

Online Applications are invited from eligible candidates who must be Indian Citizens for selection and appointment for 5578 posts of Apprentice Development Officers (ADO) in the jurisdiction of following 8 Zonal and various Divisional Offices.

1.Northern Zone, New Delhi covering Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan,Chandigarh and Delhi :- 727 Posts
(Gen-346, SC (Current 142, Backlog 14), ST (Current 49, Backlog 07), OBC (Current 136, Backlog 33))

2. North Central Zone, Kanpur covering Uttar Pradesh, Uttarakhand:- 718 Posts
(Gen-326, SC (Current 159), ST (Current 13), OBC (Current 220))

3. Central Zone, Bhopal covering Madhya Pradesh, Chattisgarh: 415 Posts.
(Gen-200, SC (Current 48, Backlog 04), ST (Current 93, Backlog 09), OBC (Current 55, Backlog 06))

4. East Central Zone, Patna covering Jharkhand, Bihar, Orissa : 614 Posts.
(Gen-322, SC (Current 79), ST (Current 101), OBC (Current 112))

5. Eastern Zone, Kolkata covering West Bengal, Assam, Andaman & Nicobar Islands, North Eastern States : 713 Posts
(Gen-363, SC (Current 126, Backlog 06), ST (Current 64, Backlog 11), OBC (Current 135, Backlog 08))

6. South Central Zone, Hyderabad covering Andhra Pradesh and Karnataka : 685 Posts.
(Gen-338, SC (Current 100, Backlog 15), ST (Current 45, Backlog 07), OBC (Current 158, Backlog 22))

7. Southern Zone, Chennai covering Tamilnadu and Kerala : 634 Posts.
(Gen-365, SC (Current 88, Backlog 04), ST (Current 03, Backlog 01), OBC (Current 160, Backlog 13))

8. Western Zone, Mumbai covering Goa, Gujarat and Maharashtra : 1072 Posts
(Gen-574, SC (Current 98, Backlog 07), ST (Current 112, Backlog 24), OBC (Current 212, Backlog 45))

Qualification :
Bachelor's Degree of a University in India established under a statute or a foreign university approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai. Preference may be given to those applicants who possess Masters Degree in Business Administration in Marketing or Post Graduate Diploma in Marketing from a University in India established under Statute or by an Institute approved by AICTE or a recognized Institution.

Age : 21-30 years as on 01/03/2010. Relaxation in age as per rules.

Selection Procedure :
Selection will be made on the basis of a Written Test on Sunday, 13/06/2010 followed by an Interview of candidates who qualify in the written test which will be of objective type, multiple choice of two hours duration comprising of the following two papers: 1. Test of Reasoning and Numerical Ability. 2. General Knowledge, Current Affairs and English Language with Special emphasis on Grammar and Vocabulary.

Application Fee :
Rs. 300/- (No fee for SC/ST) by Fees Payment Challan only at any LIC Office. The receipt should be kept with yourself and should be produced at the time of written test.

How to Apply :
Apply Online at LIC website only from 17/03/2010 to 17/04/2010 only.

Important Dates :

  Begins on Ends on
Acceptance of application fee at Branch Offices of LIC. 17.03.2010 17.04.2010
On-line Registration. 17.03.2010 17.04.2010
Written Test on Sunday, 13th June, 2010

Details Here

To Download Fee Payment Challan - Format

Click Here to Apply Online


How Profitable is an IPL Franchise

How Profitable is an IPL Franchise

While coming out of the IPL franchise auction held on January 24, 2008, the winner of the Chennai franchise, the MD of  India Cements  N.Srinivasan spoke to the Hindu. "This will be a good investment. We expect to build this into a viable and vibrant franchise", he said.


After agreeing to pay US $ 91 million (Rs 3.60 billion) for a ten year contract, it was hard to figure out how he would make profit. M.S.Dhoni alone is costing him for $ 1.5 million per year, in fact just for 45 days of service.


Now, that IPL is well under way and it has become hugely popular, it will be interesting to see the business model of an IPL franchise. Using Chennai Super Kings (CSK) as an example, we look at their revenue streams and expenditure heads.


The single biggest revenue stream for a franchisee in the initial years is the share of the television revenue. Not for nothing, is IPL being bandied as "Made for TV". CSK will receive $ 10 million in the first year and this will go down to $ 6 million every year from the sixth year onwards, when the number of teams increase and the share of the IPL (read BCCI) increases from 20% initially to 40 % from the sixth year onwards. Mr. Srinivasan in an interview to the Economic Times has said "If we had bid $90 million over a ten-year period, we'll get back $80-90 million as TV income itself."


The title sponsorship is another major revenue stream. AirCel and Coromandel Super King are the title sponsors of CSK. Although no information is available, it may be around $ 5 million every year and this should go up significantly if the team performs well in the IPL. Add to that a slew of local co-sponsors and this revenue stream gets shored up even further.


CSK also gets a share of the $50 million each year paid by DLF as the IPL sponsor. This is estimated to be $ 3.75 million every year during the first five years. After the first five years, the title sponsorship contract comes up for renewal. If IPL turns out to be a big success, expect this to double.


Gate collection from the home matches in Chennai is another source of income. CSK will be hosting seven matches this season. The M A Chidambaram stadium has a capacity of 50,000 spectators. CSK has priced the tickets ranging from Rs 200 to Rs 5000 for the AC pavilion. Assuming an average occupancy of 80% and price of Rs 400, the gate collections for CSK, after paying IPL its 20% share, is likely to be around $ 2 million. CSK will also be earning from in-stadium advertising. This may generate another $ 2 million in the first year.


CSK sells its merchandise like T-shirts and caps through its web-site and other channels. This revenue stream can be a big money spinner if the franchisee is able to build a huge fan following and city loyalty. From a small income of $1 million in the first year, it is estimated that this can go up to $ 15 million in the tenth year.


 The prize money for the winner of IPL is also not an amount to sneeze at. The winner of IPL will get US $ 2 Million. The teams placed lower also get significant cash awards. Let's assume that CSK will receive $ 1 million per year as prize money.


There is also a possibility of CSK making good amount of money  by judiciously trading players' contracts in the Year Two and Three. For example, Mumbai Indians or Rajasthan Royals may be interested in buying the contract of  Parthiv Patel as they are playing local wicket keepers whereas Mr. Dhoni will always be the first choice as wicket keeper for CSK.


Now we look at the expenditure side.


Apart from the USD 91 Million paid upfront as the franchisee fee for ten years, the major item of expenditure is definitely the players' contracts. In addition to Mr. Dhoni, CSK bought foreign players such as Mathew Hayden, Mike Hussey,Makhaya Ntini, Jacob Oram, Stephen Fleming, Muralidharan, Albie Morkel,  Kapugedera and Indian T20 stars like Suresh Raina, Joginder Sharma. These star players cost a total of $5.575 million per year. The rest of the 24 member team is made up of local Tamil Nadu players and under –19 players, these have all been signed up for US $ 30,000 each. CSK also has a team of four supporting the team with Kepler Wessels as the coach. The annual expenditure on account of players is estimated to be

$ 10.6 million. These contract fees are fixed for the first three years, after which there will be fresh round of auctions.


If IPL is the biggest festival this summer, certainly the hype created by the IPL organizers, media and the franchisees is responsible for it. This does not come free. The IPL franchisees would have a significant marketing and advertising spend. CSK has the Tamil actor Vijay as their ambassador and former captain  K.Srikkanth as the brand ambassador. CSK has created a video featuring all the players with music by A. R. Rahman. Sivamani, the ace drummer, is seen wearing the CSK yellows wherever CSK plays. CSK maintains a web-site for creating a community of fans and selling tickets and merchandise. Like all the IPL teams, CSK has its band of foreign cheergirls. The marketing and promotion spend could be of the order of $ 4 million per year.


The other expenditure would be related to paying the rentals to the local cricket association for the stadium. Running an office and organization which will work round the year, not just the 45 days of IPL season is also expensive. Add to that travel and hotel expenses. Perhaps airline and hospitality sponsors lessen the burden.


So will CSK make money?


If the initial franchising contract is treated as an investment, as per the estimates above, CSK is making an operating profit of over $ 8 million $ in the first year itself. If the $ 91 million is amortized equally in the ten years, then CSK would report a negligible loss of $ 0.7 million in the first year. Even, this could turn into a profit if CSK wins the IPL championship!


If not in the first year, CSK is most likely to break even in the second year. From the third year onwards, when the sponsorship, merchandising and gate collection revenues go up, CSK may start generating net profits of $ 2.5 million (Rs. 100 million) on a revenue of  $ 30 million  (Rs 1200 million) from the third year. If the IPL gains in even more popularity the revenues and profits will go up further.


Lalit Modi, the IPL Commissioner said "Each IPL franchise could be worth $ 5 billion." It is expected that many IPL franchisees will go public after the third year. I'll not be surprised if CSK has a market capitalization of $ 500 million (Rs 20 billion), five years from now.


When Mr. Srinivasan, who incidentally is also the treasurer of BCCI, said IPL franchise is a 'good investment', he certainly knew what he was talking about

IPL - Facts & Figures:How Profitable is an IPL Franchise

The original concept was from ICL but then BCCI modified it and added some ingredients and made a spicy and delicious food. In 2007, IPL had an auction for 8 teams.

A contract figure for 10 years was something like this.

I was very surprized by looking at this figure how exactly they will earn money out of it. But this is 10 year contract fee to buy franchise. And they don't need to pay this amount at beginning. Every year, they have pay 10% to BCCI.

Here in the profit sharing between BCCI and different teams for Broadcasting revenue, IPL Sponsorship Revenue and Ticket Revenue.

Apart from this, 87.5 % all merchandise revenue, 100% Individual Team Sponsorship revenue, 100% Hospitality Revenue are other source of income.

Here is the balance-sheet of IPL 2. (Figures below in Rs. Crore)

As far as BCCI is concerned, their main source of income is TV rights for 10 years. Before IPL2, it was Rs. 4200 Crore but post IPL2, contract was renegotiated to Rs. 8200 Crore. Sony will pay Rs 670 crore per year for first four years and Rs. 1,100 crore per year for next five years. Before renegotiation of contract, it was Rs. 280 crore/year for first five years and Rs 540 crore for next five years.

As far as Sony is concerned, IPL Advertisement tariff was Rs 4 lakh to 5 lakh / 10 seconds in 2009. (It was Rs 2 lakh to 3 lakh / 10 seconds in 2008).

2 IPL teams cost more than first 8

2 IPL teams cost more than first 8
The 2 New Teams Cost Rs 3,235 Cr; Existing 8 Teams Together Cost Rs 2,853 Cr
Rajesh Chandramouli, Dwaipayan Datta & K Shriniwas Rao | TNN

Chennai/Mumbai: Barely two years ago, when Mukesh Ambani's Reliance
Industries Ltd made the highest bid for an Indian Premier League
franchise (Rs 441 crore for Mumbai), many termed it as a massive
gamble on a risky concept. The IPL sure has come a long way in a short
time, with the Sahara group on Sunday bidding Rs 1,702 crore for Pune
and Rendezvous Sports forking out Rs 1,533 crore for Kochi.
These two bids, worth a total of about Rs 3,235 crore, add up to
more than the Rs 2,853 crore collectively paid by the existing eight
franchise owners in the first auction, on January 24, 2008.
Favourites Adani Group and VC Digital (Videocon Group) were pipped
by the Sahara group and a consortium of real estate players and
businessmen brought together by Union minister Shashi Tharoor under
the banner of Rendezvous Sports. The two new teams will become part of
IPL in 2011, which will see 94 games being played as against 60 now.
The franchises will be valid for 10 years.
The bidding behind closed doors lasted less than an hour. The base
price for each team was $225 million, more than four times the rate at
which the original IPL auction began in 2008. IPL commissioner Lalit
Modi said five eligible bids were received in all, which included
Rendezvous Sports, Sahara, Aman Vohra, Adani and VC Digital. There was
a dash of glamour too with Salman Khan and Saif Ali Khan dropping in
to represent
some groups. Sahara Group
emerged the top contender with
a $370-million (Rs 1,702 crore)
bid for a clutch of cities which
included Ahmedabad, Nagpur or Pune. Eventually, the Subrata
Roycontrolled group opted for Pune. "It's close to Aamby Valley. We
have our business reasons for choosing Pune,'' Abhijit Sarkar,
corporate communications head at Sahara, told TOI. No recession in
Chennai/Mumbai: Rendezvous Sports, who opted for Kochi as their base
camp, were the second highest bidders with $333.33 million (Rs 1,533
crore). "It would suffice at this point of time to let you know that
we are a group of investors passionate about cricket. Some are from
Kerala, some from other parts of India and some from abroad. I would
not like to reveal too many details at this point of time," said Vivek
Venugopal, a builder from Kerala and one of the investors in the
state. However, it is learnt that the group also includes Anchor
Switches, Rosy Blue Diamond, Mukesh Patel, and Ravi and Sanjay
Anchor Switches is a company from Gujarat and is owned by Mehul
Shah. Rosy Blue Diamond is one of the world's largest diamond
manufacturing companies. Dilip Mehta is the CEO of this company, which
owns jewellery brand 'Orra'.
Ravi and Sanjay Gaikwad are Mumbai-based businessmen. Sanjay
Gaikwad is the CEO of UFO Moviez. Mukesh Patel is an education baron
who runs technology, management and engineering institutions.
The size of the bids surprised one and all, including Modi
himself. "I was expecting something in the range of $320m, but this
does come as a surprise to me. You talk about recession, but all I can
say is that there's no recession in IPL,'' exulted a beaming Modi.
Among the losers, Aman Vohra placed a bid of $261.3 million, Adani
Group bid $315 million for Ahmedabad and VC Digital bid $319.9 million
for Pune.
"Kochi does not have a cricket stadium as yet. The Kerala Cricket
Association is in the process of building a world class cricket
stadium. Till the ground becomes ready, IPL will provide alternative
venues to Rendezvous," Modi added. Pune, on the other hand, has a
stadium under construction 30km from the city.
Sources close to Tharoor were, however, categorical that they
would insist on some of the matches being held in Kochi. "We've a
stadium there. If we have an IPL team, it's for hosting matches in
Kerala," they said.