The Life Insurance Corporation of India (LIC) is a leading financial institution that offers various insurance and investment products to its customers. One of the most prestigious positions in LIC is the Administrative Officer (AO), for which recruitment is done through the LIC AAO exam. This exam is highly competitive and demands a candidate’s thorough understanding of various aspects of finance and insurance through objective questions, descriptive paper, etc. This article will look at the LIC AAO exam, including its syllabus, format, and difficulty level.
Syllabus of the LIC AAO Exam
The LIC AAO exam tests the candidate’s knowledge in various areas related to finance, insurance, and general awareness. The syllabus for the preliminary exam includes topics like quantitative aptitude, reasoning ability, and the English language. The main exam covers reasoning ability, quantitative skills, general awareness, computer knowledge, and insurance and financial market awareness.
The LIC AAO exam is conducted in three stages: the preliminary, main, and the interview. The preliminary exam is an online objective type exam with 100 questions to be answered in one hour. The main exam consists of two papers, the accurate type test, and the descriptive type test. The objective-type test comprises 120 questions to be answered in two hours. The descriptive paper consists of two questions; the total time allotted is 30 minutes. Candidates who qualify for the main exam are called for the interview round.
The LIC AAO exam is considered highly competitive with a moderate to great difficulty level. The questions in the exam are designed to test the candidate’s conceptual understanding, analytical ability, and problem-solving skills. Candidates must have a good grasp of various financial and insurance concepts and a thorough knowledge of current affairs and general awareness.
To prepare for the LIC AAO exam, candidates must follow a well-planned strategy that includes studying and practicing. Candidates should start by understanding the exam pattern and syllabus thoroughly. They should then focus on building a solid foundation in the core concepts of finance and insurance. Regularly practicing numerical and reasoning questions is crucial to improve speed and accuracy. Candidates should also keep themselves updated with the latest news and current affairs related to finance, insurance, and general awareness.
Tips for Cracking the LIC AAO Exam
To crack the LIC AAO exam, candidates should clearly understand the exam pattern and syllabus. They should solve previous year’s question papers and take mock tests to assess their preparation level. It is also essential to manage time effectively during the exam and attempt easy and less time-consuming questions first.
Candidates should maintain a positive attitude and stay motivated throughout the preparation phase. In addition to understanding the exam pattern and syllabus, candidates should also focus on improving their speed and accuracy by practicing regularly. Identifying weak areas and working on them to improve overall performance is crucial.
It is also important to make notes and revise important concepts regularly. They can refer to reliable study materials and online resources for better preparation. Taking breaks between study sessions and maintaining a healthy routine is advisable. Finally, candidates should stay updated with current affairs and news related to the insurance sector, which can help crack the LIC AAO exam.
The LIC AAO exam is highly competitive and requires a thorough understanding of various aspects of finance and insurance. Candidates should prepare well and follow a well-planned strategy to crack this exam. It is essential to stay updated with the latest news and current affairs related to finance and insurance. A positive attitude and a focused approach can go a long way in helping candidates crack the LIC AAO exam and secure a prestigious position in the Life Insurance Corporation of India.