LIC – Roles, Exam, Selection Process, Syllabus, and Benefits
LIC (Life India Corporation) is a government-owned insurance and investment company. It falls under the ownership of the Ministry of Finance. Being said that, LIC recruits thousands of individuals every year from all over the country. The LIC exam is one of the most sought-after insurance exams in India.
Learn here about the various roles for which you can apply along with the different exams and benefits of working at Life India Corporation across all India.
Different Roles Available With LIC
Being the largest insurance company in India, LIC recruits for a number of different positions each year. Some of the different roles available with LIC include Assistant Administrative Officer (LIC AAO), Assistant Development Officer (LIC ADO), Direct Sales Executive (LIC DSE), and Development Officer (LIC DO), among others. All of these positions are much sought among aspiring individuals who are looking to work in the insurance industry.
For each of these positions, LIC conducts different exams such as LIC AAO, LIC ADO, LIC DSE, and LIC DO.
LIC Exam Eligibility Criteria
All of the positions available with LIC have more or less the same edibility criteria. However, some requirements vary from position to position. The following are the eligibility criteria for some of the positions.
1. LIC AAO
- You must be a citizen of India
- You must have completed a bachelor’s degree from a recognized university.
- You must be in the age group of 21 to 30 years.
2. LIC ADO
- You must be a citizen of India
- You must have completed a graduate degree from a recognized university which is approved for the fellowship of the Insurance Institute of India, Mumbai.
- You must be in the age group of 21 to 30 years.
3. LIC DSE
- You must have completed graduation from a recognized university in India. Candidates with marketing degrees are given higher preference.
- You must have good English language skills.
- You must have proficiency in Microsoft tools.
4. LIC DO
- You must be a citizen of India
- You must have completed a bachelor’s degree from a recognized university.
- You must be in the age group of 21 to 30 years.
LIC Exam Pattern
1. LIC AAO
LIC AAO exam consists of three different phases – Prelims, Mains Legal, and Mains (IT/CA/Actuarial/Rajbhasha). Being said that, the prelims paper is of 1 hour and the mains paper will be of 2 hours and 30 minutes. You can expect questions on different topics such as English, General Awareness, Quantitative Aptitude, and Reasoning.
2. LIC ADO
LIC ADO exam consists of two different phases – Prelims and Mains. Being said that, the prelims exam has one paper, whereas the mains exam has three papers. The paper type is objective-based and one can expect questions on different topics such as English, General Awareness, Quantitative Aptitude, and Reasoning.
3. LIC DSE
LIC DSE has only one paper and contains objective-type questions. You can expect questions on different topics such as General Awareness, Sales Aptitude, Numerical Ability, and Reasoning.
4. LIC DO
LIC DO has only one paper and contains objective-type questions. The paper is conducted over a period of 2 hours during which the candidates will have to solve 200 questions. The exam is divided into four sections, wherein one can expect questions on different topics such as English, General Awareness, Reasoning, and Numerical Ability.
LIC Selection Process
Different positions available with LIC have a different selection process. The following is the selection process for some of the above-mentioned exams.
1. LIC AAO
The LIC AAO selection process consists of four different phases. These include prelims exam, mains exam, interview, and medical test. Once the exam is successfully cleared, candidates are required to appear for an interview.
2. LIC ADO
The LIC ADO selection process consists of four different phases. These include two written tests, interviews, and medical tests. Once the exam is successfully cleared, candidates are required to appear for an interview.
3. LIC DSE
The LIC DSE selection process consists of two different phases. These include a written test and an interview. Once the exam is successfully cleared, candidates are required to appear for an interview.
4. LIC DO
The LIC DO selection process consists of three different phases. These include a written test, group discussion, and an interview. Once the exam is successfully cleared, candidates are required to appear for group discussion and interview.
Syllabus for Various Exams of LIC
- English – Spelling Test, Synonyms, Sentence Completion, Antonyms, Error Correction, Spotting Errors, Passage Completion, and Fill in the Blanks among others.
- General Awareness – General Science, Culture, Tourism, Rivers, Lakes, and Seas, Indian History, Current Affairs, Indian Economy, and Famous Places in India among others.
- Quantitative Aptitude – Indices, Problems on Trains, Probability, Average, Compound Interest, Areas, Numbers and Ages, Profit and Loss, and Number Problems among others.
- Reasoning – Letter and Symbol, Data Sufficiency, Cause and Effect, Making Judgements, Non-Verbal Reasoning, Verbal Classification, and Data Interpretation among others.
Benefits of Working with LIC
There are several benefits and perks available when you join any government-owned organization in India. However, working with LIC provides you with an amazing set of perks that no other job will help you achieve. Some of the different benefits of working with LIC include job security, stable pay scale, continuous increments in pay, and reliability.
Final Thoughts
Getting a job with a government-owned enterprise is one of the toughest things in India. It is because millions of individuals are fighting for the same roles and positions. Therefore, it is very crucial that you start preparing for such exams in advance. Moreover, passing these exams is also difficult, as LIC follows a stringent recruitment process. Therefore, it becomes necessary to know the exact details such as exam patterns and syllabus topics before you appear for the exam.