Syllabus and Exam Pattern for lic aao Exam 2024

Syllabus and Exam Pattern for LIC AAO Exam 2024

The Life Insurance Corporation of India (LIC) conducts the Assistant Administrative Officer (AAO) exam annually to recruit eligible candidates for various administrative roles within the organization. The exam is a crucial step towards a promising career in the insurance sector. This article provides a comprehensive overview of the syllabus and exam pattern for the LIC AAO Exam 2024, equipping aspiring candidates with the necessary information to prepare effectively.

Exam Pattern

The LIC AAO exam is conducted in three phases:

Phase I: Online Examination

• Objective Type: Multiple Choice Questions (MCQs)
• Duration: 1 hour 30 minutes
• Sections:
  • Reasoning Ability: 35 Questions
  • Quantitative Aptitude: 35 Questions
  • English Language: 30 Questions
  • General Awareness: 50 Questions
• Total Marks: 150
• Negative Marking: 1/4th mark for each incorrect answer

Phase II: Online Examination

• Objective Type: Multiple Choice Questions (MCQs)
• Duration: 2 hours
• Sections:
  • Insurance & Financial Markets Awareness: 50 Questions
  • Computer Knowledge: 50 Questions
• Total Marks: 100
• Negative Marking: 1/4th mark for each incorrect answer

Phase III: Interview

• Duration: 30 minutes (approx.)
• Marks: 50
• Assessment:
  • Communication Skills
  • General Awareness
  • Personality and Aptitude
  • Knowledge of Insurance and Financial Markets

Note: Candidates must clear the Phase I exam to be eligible for Phase II. The final selection is based on the combined score of all three phases.

Detailed Syllabus

Phase I: Online Examination

1. Reasoning Ability

• Verbal Reasoning:
  • Analogies
  • Classification
  • Series
  • Coding-Decoding
  • Blood Relations
  • Direction Sense
  • Syllogisms
  • Statement and Assumptions
  • Statement and Conclusions
  • Critical Reasoning
• Non-Verbal Reasoning:
  • Figure Series
  • Mirror Images
  • Water Images
  • Paper Folding and Cutting
  • Cubes and Dice
  • Embedded Figures
  • Pattern Recognition

2. Quantitative Aptitude

• Arithmetic:
  • Number System
  • HCF and LCM
  • Percentages
  • Profit and Loss
  • Simple Interest and Compound Interest
  • Ratio and Proportion
  • Time and Work
  • Time and Distance
  • Average
  • Mixtures and Allegations
• Algebra:
  • Linear Equations
  • Quadratic Equations
  • Inequalities
  • Surds and Indices
• Geometry:
  • Lines and Angles
  • Triangles
  • Quadrilaterals
  • Circles
  • Mensuration
• Trigonometry:
  • Basic Trigonometric Ratios
  • Trigonometric Identities
  • Heights and Distances
• Data Interpretation:
  • Tables
  • Bar Graphs
  • Line Graphs
  • Pie Charts
  • Data Sufficiency

3. English Language

• Reading Comprehension:
  • Passage Comprehension
  • Vocabulary
  • Grammar
  • Idioms and Phrases
  • Sentence Correction
  • Cloze Test
• Verbal Ability:
  • Synonyms and Antonyms
  • One Word Substitution
  • Para Jumbles
  • Error Spotting
  • Fill in the Blanks

4. General Awareness

• Current Affairs: National and International events, major happenings in the past year
• Banking and Finance: Recent developments in the banking and financial sector, key policies and regulations
• Economy: Economic indicators, government policies, major economic events
• Insurance: Basics of insurance, types of insurance, LIC products and services
• Static GK: History, Geography, Polity, Science, and Culture

Phase II: Online Examination

1. Insurance & Financial Markets Awareness

• Insurance:
  • Principles of Insurance
  • Types of Insurance
  • Life Insurance
  • General Insurance
  • Reinsurance
  • Insurance Regulatory and Development Authority of India (IRDAI)
  • LIC Products and Services
• Financial Markets:
  • Indian Financial System
  • Capital Market
  • Money Market
  • Debt Market
  • Equity Market
  • Mutual Funds
  • Securities and Exchange Board of India (SEBI)
• Financial Institutions:
  • Reserve Bank of India (RBI)
  • National Stock Exchange (NSE)
  • Bombay Stock Exchange (BSE)
  • Insurance Regulatory and Development Authority of India (IRDAI)
  • Securities and Exchange Board of India (SEBI)

2. Computer Knowledge

• Basics of Computers:
  • Hardware and Software
  • Operating Systems
  • Input and Output Devices
  • Networking
  • Internet and Web Browsing
• MS Office:
  • MS Word
  • MS Excel
  • MS PowerPoint
• Database Management Systems:
  • SQL
  • Data Structures
• Computer Security:
  • Viruses and Malware
  • Firewalls
  • Data Encryption

Preparation Strategy

1. Understand the Syllabus: Begin by thoroughly understanding the detailed syllabus for each section and phase of the exam.

2. Create a Study Plan: Develop a structured study plan that allocates sufficient time for each subject and topic.

3. Refer to Relevant Study Materials: Utilize reliable study materials such as textbooks, online resources, mock tests, and previous years’ question papers.

4. Practice Regularly: Consistent practice is key to improving your speed and accuracy. Solve numerous mock tests and previous years’ papers to familiarize yourself with the exam pattern and difficulty level.

5. Focus on Weak Areas: Identify your weak areas and dedicate extra time to strengthening them. Seek guidance from teachers or mentors if needed.

6. Stay Updated with Current Affairs: Regularly read newspapers, magazines, and online resources to stay updated on current affairs, especially those related to banking, finance, and insurance.

7. Develop Time Management Skills: Practice time management techniques to ensure you complete the exam within the stipulated time.

8. Improve Communication Skills: For the interview, focus on developing your communication skills, including verbal and non-verbal communication.

9. Stay Calm and Confident: Maintain a positive mindset and avoid stress. Stay calm and confident during the exam.

Tips for Exam Day

• Arrive on Time: Reach the exam center well in advance to avoid any last-minute rush.
• Carry Necessary Documents: Ensure you carry all the required documents, including your admit card, ID proof, and photograph.
• Review Instructions: Carefully read the instructions provided on the admit card and at the exam center.
• Manage Time Effectively: Allocate time wisely for each section and question.
• Avoid Guesswork: Avoid guessing answers as there is negative marking.
• Stay Focused: Maintain concentration throughout the exam and avoid distractions.
• Review Answers: If time permits, review your answers before submitting the exam.

Resources for Preparation

• Books:
  • Quantitative Aptitude by R.S. Aggarwal
  • Verbal and Non-Verbal Reasoning by R.S. Aggarwal
  • Objective General English by S.P. Bakshi
  • General Knowledge by Lucent
  • Insurance and Financial Markets by B.N. Ghosh
  • Computer Fundamentals by P.K. Sinha
• Online Resources:
  • Testbook
  • Gradeup
  • Oliveboard
  • Bankers Adda
  • AffairsCloud
• Mock Tests:
  • Testbook
  • Gradeup
  • Oliveboard
  • Bankers Adda
• Previous Years’ Question Papers:
  • LIC website
  • Online platforms like Testbook, Gradeup, etc.

Salary and Benefits

The LIC AAO salary package is attractive and includes a basic salary, allowances, and other benefits. The starting salary for an AAO is around INR 50,000 per month, which can increase with experience and promotions.

Benefits:

• Provident Fund: LIC provides a provident fund scheme for its employees.
• Gratuity: Employees are eligible for gratuity after completing a certain period of service.
• Medical Insurance: LIC offers comprehensive medical insurance coverage for employees and their families.
• Leave: Employees are entitled to various types of leave, including casual leave, sick leave, and earned leave.
• Housing Loan: LIC provides housing loans to its employees at subsidized rates.
• Other Benefits: Other benefits include travel allowance, education allowance, and other perks.

Career Growth

The LIC AAO position offers excellent career growth opportunities. With hard work and dedication, AAOs can progress to higher positions such as:

• Assistant Divisional Manager (ADM)
• Divisional Manager (DM)
• Senior Divisional Manager (SDM)
• Chief Manager (CM)
• General Manager (GM)

Conclusion

The LIC AAO exam is a challenging but rewarding opportunity for individuals seeking a career in the insurance sector. By understanding the syllabus, exam pattern, and preparation strategy, aspiring candidates can increase their chances of success. With dedication, hard work, and a well-planned approach, you can achieve your goal of becoming an LIC AAO.

Frequently Asked Questions (FAQs) and Short Answers

1. What is the eligibility criteria for the LIC AAO exam?

• Candidates must hold a graduate degree from a recognized university.
• Age limit varies depending on the category.

2. What is the exam pattern for the LIC AAO exam?

• The exam is conducted in three phases: Online Exam (Phase I & II) and Interview (Phase III).
• Phase I includes Reasoning, Quantitative Aptitude, English Language, and General Awareness.
• Phase II focuses on Insurance & Financial Markets Awareness and Computer Knowledge.

3. What is the syllabus for the LIC AAO exam?

• The syllabus covers a wide range of topics, including reasoning, quantitative aptitude, English language, general awareness, insurance, financial markets, and computer knowledge.

4. How can I prepare for the LIC AAO exam?

• Refer to relevant study materials, practice mock tests, and stay updated with current affairs.

5. What are the important resources for preparing for the LIC AAO exam?

• Books, online resources, mock tests, and previous years’ question papers are valuable resources.

6. What is the salary and benefits for an LIC AAO?

• The salary package is attractive and includes a basic salary, allowances, and other benefits.

7. What are the career growth opportunities for an LIC AAO?

• AAOs can progress to higher positions within LIC, such as Assistant Divisional Manager, Divisional Manager, and General Manager.

8. When is the LIC AAO exam notification expected?

• The notification is usually released in the second half of the year.

9. How can I apply for the LIC AAO exam?

• Applications are typically submitted online through the official LIC website.

10. What are the important tips for the LIC AAO exam day?

• Arrive on time, carry necessary documents, manage time effectively, avoid guesswork, stay focused, and review answers.