Introduction
The Life Insurance Corporation of India (LIC) AAO examination is a national-level examination performed through LIC to recruit assistant administrative officers in the organization. The LIC AAO is a prestigious job profile in the insurance plan sector, and it affords a variety of benefits, along with an appropriate salary, job security, and career boom opportunities.
What is the LIC AAO?
LIC AAOs are responsible for a variety of tasks, including:
• Selling and servicing LIC insurance plan policies
• Managing costumer relationships
• Providing economic advice to customers
• Presenting and processing insurance plan proposals
• Claim settlement
• Marketing and promotion of LIC merchandise and offerings
Eligibility criteria for the LIC AAO
To be eligible for the LIC AAO exam, candidates must meet the following criteria:
• Age limit: 21–30 years old as of August 1, 2023.
• Educational Qualification: Bachelor’s degree in any subject from a diagnosed university
• Computer literacy: Candidates should be capable of using a PC and using basic software programs.
Exam pattern of the LIC AAO
The LIC AAO exam is conducted in two stages:
Prelims: The prelims exam is an objective test consisting of 100 questions (33.33% for each section) from the following sections:
o Reasoning Ability
o Quantitative Aptitude
o English Language
Mains: The mains exam consists of an objective test and a descriptive test. The objective test has 300 questions (25% weighted for each section) from the following sections:
o Reasoning Ability
o Quantitative Aptitude
o English Language
o General Knowledge and Current Affairs
o Insurance and Financial Market Awareness
The descriptive test has 25 marks and consists of two questions:
* Essay writing
* Letter writing
Important dates for the LIC AAO
The important dates for the LIC AAO 2023 exam are as follows:
• Release of notification: 15.01.2023
• Start of online application: January 20, 2023
• Last date to apply online: 15.02.2023
• Prelims exam dates: 17.02.2023 and 20.02.2023
• Main exam date: 18.03.2023
• Interview date: August 2023
How to prepare for the LIC AAO?
To prepare for the LIC AAO exam, you can follow these tips:
Understand the examination pattern and syllabus-
This will assist you in focusing your education on vital topics.
Find out study plan-
Break down the syllabus into smaller units and create an everyday or weekly study plan.
Find the proper study materials-
There are a wide variety of books and online sources reachable for LIC AAO preparation. Choose the ones that are most appropriate for your wishes and mastering style.
Practice regularly-
The more you practice, the better you will become at solving questions rapidly and accurately.
Take mock tests-
Mock tests are a superb way to determine your guidance and become aware of your weak areas.
Stay motivated-
Preparation for an this examination can be challenging, so it is essential to remain stimulated and focused.
About the syllabus of the LIC AAO exam
The syllabus for the LIC AAO exam is divided into two parts:
Prelims: The prelims exam syllabus consists of the following sections:
o Reasoning Ability
o Quantitative Aptitude
o English Language
Mains: The mains exam syllabus consists of the following sections:
o Reasoning Ability
o Quantitative Aptitude
o English Language
o General Knowledge and Current Affairs
o Insurance and Financial Market Awareness
Here is a detailed breakdown of each section of the syllabus:
Reasoning Ability
The Reasoning Ability section of the LIC AAO exam tests the candidate’s ability to think logically and solve problems. The syllabus for this section includes the following topics:
• Logical Reasoning
• Analytical Reasoning
• Verbal Reasoning
• Decision Making
• Problem-Solving
Quantitative Aptitude
The Quantitative Aptitude section of the LIC AAO exam tests the candidate’s mathematical skills. The syllabus for this section includes the following topics:
• Number System
• Algebra
• Geometry
• Trigonometry
• Data Interpretation
• Mensuration
• Probability
• Statistics
English Language
The English Language section of the LIC AAO exam tests the candidate’s English language skills. The syllabus for this section includes the following topics:
• Grammar
• Vocabulary
• Reading Comprehension
• Writing Skills
General Knowledge and Current Affairs
The General Knowledge and Current Affairs section of the LIC AAO exam tests the candidate’s general knowledge and awareness of current affairs. The syllabus for this section includes the following topics:
• Indian History
• Indian Geography
• Indian Polity
• Indian Economy
• Science and technology
• Current Affairs
Insurance and Financial Market Awareness
The Insurance & Financial Market Awareness section of the LIC AAO exam tests the candidate’s knowledge of insurance and financial markets. The syllabus for this section includes the following topics:
• Introduction to Insurance
• Types of Insurance
• Insurance Products and Services
• Financial Markets
• Financial Instruments
• Financial Institutions
Which books to prefer for the LIC AAO exam?
Here are some of the best books for LIC AAO exam preparation:
Reasoning Ability
• A Modern Approach to Verbal and Non-Verbal Reasoning by R.S. Aggarwal
• Analytical Reasoning by M.K. Pandey
• Logical Reasoning by V.K. Singh
• How to Solve Puzzles, by Philip E. Johnson
Quantitative Aptitude
• Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal
• Quantum CAT by Sarvesh K. Verma
• Quantitative Aptitude by Arun Sharma
• Fast Track Objective Arithmetic by Rajesh Verma
English Language
• Essential English Grammar by Raymond Murphy
• Word Power Made Easy by Norman Lewis
• Objective General English by S.P. Bakshi
• High School English Grammar and Composition by Wren and Martin
General Knowledge and Current Affairs
• Manorama Year Book
• India Today Year Book
• Lucent’s General Knowledge
• Arihant’s General Knowledge
Insurance and Financial Market Awareness
• Insurance and Financial Awareness for Insurance and Bank Exams by Disha Experts
• IC 38/IC 33 (life insurance) and IC 34 (general insurance) by the Insurance Institute of India
• Indian Financial System by Bharati V. Pathak
• Financial Markets and Institutions by V.K. Jain
You can also refer to online resources, such as mock tests and practice questions, to prepare for the LIC AAO exam.
Common mistakes to avoid in the LIC AAO
Here are some common mistakes to avoid in the LIC AAO exam:
Not understanding the examination pattern and syllabus-
This can lead to you losing time on matters that are no longer necessary for the exam.
Not making a study plan-
This can lead to you feeling overwhelmed and directionless.
Not gathering the proper study materials-
Using out-of-date or beside-the-point material can avert your preparation.
Not practicing regularly-
This is fundamental for growing velocity and accuracy in fixing questions.
Not taking mock tests-
Mock assessments help you check your preparation, become aware of your vulnerable areas, and get used to the examination format.
Not staying motivated-
Preparation for an competitive examination can be challenging, so it is necessary to remain inspired and focused.
FAQs About LIC AAO Exam Preparation: Everything You Need to Know:-
What is the job profile of an LIC AAO?
LIC AAOs are responsible for a variety of tasks, including:
• Selling and servicing LIC insurance plan policies
• Managing client relationships
• Providing economic recommendations to customers
• Underwriting and processing insurance plan proposals
• Claim settlement
• Marketing and advertising LIC merchandise and offering
What are the career prospects for an LIC AAO?
LIC AAOs have the right career prospects. They can promoted to senior positions in LIC, such as branch manager, regional manager, and zonal manager. They can additionally go to different insurance companies or economic institutions.
What is the income of an LIC AAO?
The revenue of an LIC AAO is competitive. The fundamental revenue for a general LIC AAO is Rs. 40,000 per month. In addition to their primary salary, LIC AAOs also get a range of other allowances and benefits, such as the dearness allowance, residence lease allowance, journey allowance, scientific allowance, and bonus.
What are the challenges of being an LIC AAO?
One of the biggest challenges of being an LIC AAO is meeting income targets. LIC AAOs are under stress to meet a target quantity of insurance plan policies every month. This can be challenging, specifically in the preliminary years of their career.
Another project of being an LIC AAO is managing consumer expectations. LIC AAOs are accountable for offering financial recommendations to clients and assisting them in selecting the proper insurance plan policies. They additionally want to help clients settle their claims quickly and efficiently.
What are the tips for success in the LIC AAO exam?
Here are some tips for success in the LIC AAO exam:
• Understand the exam pattern and syllabus thoroughly.
• Make a study plan and stick to it.
• Gather the right study materials.
• Practice regularly, especially by solving mock tests.
• Stay motivated and focused.
Conclusion
The LIC AAO examination is a competitive examination that requires thorough preparation. By appreciating the examination pattern and syllabus, making a plan, gathering the appropriate knowledge of materials, practicing regularly, and staying motivated, candidates can increase their probabilities of success.
LIC AAOs have appropriate professions and get a captivating salary. However, the job can be challenging, typically in the preliminary years. Candidates have to be geared up to meet profit dreams and fulfill seniors expectations.
If you are thinking about a profession in insurance and have the quintessential capabilities and determination, the LIC AAO examination can be a tremendous way to obtain your goals.
