Have you considered a career in insurance? If you haven’t, then you’re possibly missing out on the opportunity of a lifetime! Here’s why. By the year 2020, the insurance industry will need to fill nearly 400,000 positions at all levels, and in all areas. Actuary, an insurance profession whose practitioners compile and analyze risk, is expected to grow 9% by the year 2024.
Insurance careers span an incredible range of skills and talents—from actuaries and analysts to data scientists and marketers to drone pilots and engineers. Insurance is the backbone of the global economy. Without insurers and the thousands of different professions in insurance, businesses wouldn’t be able to build factories and offices. Concerts, sporting events, the film industry, even universities, libraries, and parks—all are made possible in part by the careful management of risk—and that’s what insurance does: It makes great things happen.
Working in insurance or one of the many related fields offers opportunities that extend far beyond the bottom line on your paystub, or the walls of your workplace. Whether you’re interested in serving your community, or experiencing different cultures around the world, or choosing a career path that offers real opportunities to grow and learn every day, a career in insurance can help bring your goals and dreams within reach.
Insurance brings to our mind Life Insurance Corporation of India (LIC), which is the largest Life Insurance Company in India having 2048 Branches and 109 Divisional Offices. Life Insurance Corporation of India has released the recruitment notification for the post of Assistant. It is a golden chance for all government job seekers who have the opportunity to grab these jobs.
Age Limit (As on 01.09.2019):
Minimum Age shall be 18 years and maximum not be more than 30 years.
Age Relaxation:
Relaxations in upper age limit for Scheduled Caste (SC)/Scheduled Tribe(ST)/Other Backward Community(OBC)/ Ex-Servicemen/Persons with Benchmark Disabilities (PwBD) /Confirmed LIC employees shall be as under :
Relaxation of Upper Age Limit:
| Sr. No | Category | Age Relaxation Upto | ||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SC/ST | 5 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 2. | OBC | 3 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 3. | PWD (Gen) | 10 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 4. | PWD (SC/ST) | 15 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 5. | PWD (OBC) | 13 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 6. | ECO/SSCO (GEN) | 5 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 7. | ECO/SSCO (SC/ST) | 10 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 8. | ECO/SSCO (OBC) | 8 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| 9. | Confirmed LIC employees | Further Relaxation of 5 Years | ||||||||||||||||||||||||||||||||||||||||||||||
| S.N. | Sections | Number of Questions | Total Marks | Duration |
|---|---|---|---|---|
| 1. | Reasoning Ability | 35 | 35 | 20 minutes |
| 2. | Numerical Ability | 35 | 35 | 20 minutes |
| 3. | English Language / Hindi Language | 30 | 30 | 20 minutes |
| Total | 100 | 100 | 60 minutes | |
LIC AAO Exam Pattern For Mains
LIC AAO Exam Mains is scheduled to be held on December 22, 2019. LIC AAO Mains exam pattern is different for the different posts of AAO (Generalist/IT/Chartered Accountant/Actuarial/Rajbhasha). For all these posts, the Main exam has both objective and descriptive sections and both are conducted in the online mode.
| Sections | Number of Questions / Maximum Marks | Time Duration |
|---|---|---|
| Reasoning Ability | 30 / 90 | 40 mins |
| General Knowledge & Current Affairs | 30 / 60 | 20 mins |
| Data Analysis & Interpretation (For Generalists) Professional Knowledge (For IT/Chartered Accountant/Actuarial/Rajbhasha) |
30 / 90 | 40 mins |
| Insurance & Financial Market Awareness | 30 / 60 | 20 mins |
| Total (Objective) | 120 / 300 | 120 mins or 2 hours |
| English Language (Letter Writing & Essay) or Knowledge of Language (Descriptive) for Rajbhasha |
2 / 25 | 30 mins |
The descriptive test will be conducted immediately after the objective exam is over. The sections of the Main exam too are separately timed.
The descriptive test, for all posts, is qualifying in nature. This means the marks secured by the candidates in the descriptive test will not be considered to compile the final merit list.
Personal Interview
Shortlisted candidates, who qualify in the Online Test, will be called for Personal Interview round. Usually, the number of candidates called for this round is three times the number of vacancies available for the post of LIC AAO in various branches of the organization across the country. The Interview is conducted for 30 marks. For SC/ST candidates, the qualifying marks is 27 whereas, for candidates belonging to other categories, the minimum qualifying marks is 30.
Final Selection
Final selection is made based on merit, that is, based on the marks secured by the candidates in the Main Exam and Personal Interview. In the case of two or more candidates securing the same aggregate marks, the candidate with the higher educational qualifications will be given preference. If the tie still persists, the candidate older in age will be given preference.
Selected candidates will first have to undergo a Pre-Recruitment Medical Examination as well as Document Verification. If they are found medically fit and their documents are found in order, they will be appointed as Assistant Administrative Officers (AAOs).
Sample questions:( Prelims)
Direction (1 -5):
Study the arrangement carefully to answer these questions.
- There are 6 persons sitting in a row facing south. Each of them speaks different languages- Hindi, Spanish, French, English, Chinese & Arabic, but not necessarily in the same order. The person speaking Hindi is sitting 2nd to the right of the person speaking French but is not at the end. The Spanish speaker is sitting at the extreme end, but not adjacent to the Hindi speaker. The person speaking English is sitting adjacent to the person speaking Hindi but not adjacent to the French speaker. The Chinese speaker is 3rd to the left of the Arabic speaker, who is sitting at one of the ends.
- Which pair of speakers among the following are sitting at the extreme ends?
- English- Spanish
- Spanish- Chinese
- Arabic- Spanish
- Spanish- French
- None of the above
- What is the position of the Hindi speaker with respect to the Chinese speaker?
- Immediate left
- B.Immediate right
- 3rd to the left
- 2nd to the right
- None of the above
- If all the speakers sit according to the languages as they will appear in the dictionary, from right to left, how many speakers will not change their seats?
- 1 B. 2
- 3 D.4 E. None
- If the speakers exchanged the seats in the following manner: Arabic with Chinese, English with French, Hindi with Spanish & Spanish at the last with English, which among the following is the correct combination of the speaker and the position of the seat?
- Chinese speaker is 2nd to the right of the English speaker.
- Arabic speaker is the immediate left of the English speaker.
- Hindi speaker is at the extreme left.
- English speaker is sitting 3rd from the right end.
- All of the above.
- From the following pairs find the odd one out.
- Hindi- Chinese
- English- Arabic
- French- Spanish
- Chinese- French
- English- Chinese
Summing up:
Therefore, gear up for the ‘hard sell’ and ensure a lucrative and prestigious career for yourself.
