Insurance Exam 2020: Check Offical Notification, Exam Dates, Result & Much More

| Updated On February 4th, 2020 at 04:45 pm

Insurance Exams 2020

Insurance is the fastest growing sector which provided various employment options to the job seekers. Some of the prominent exams are LIC Assistant, LIC AAO, LIC ADO etc. Aspirants who prepare for Banking Exams also try their luck in this Insurance Exams as the syllabus & examination pattern is almost similar. Insurance sector provides various advancement opportunities to the students looking out for a bright career in insurance field.

In 2019, LIC had released 17000+ vacancies three exams i.e. LIC AAO, LIC ADO & LIC Assistant. This shows that there are immense opportunities in Insurance sector.

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Types of Insurance Companies

Life Insurance Company (LIC)

LIC ADO

LIC AAO

LIC HFL

NIACL Assistant

OILC Exam

Frequently Asked Questions

RBI Assistant Exam 2020:

Exam Pattern

RBI Assistant 2020 is a two-tier exam i.e. prelims followed by mains examination. The examination pattern of RBI Assistant is as follows:

I. Preliminary Examination:

Serial Number	Name of Test	No. of Question	Maximum Marks	Duration
1.	English Language	30	30	20 Minutes
2.	Reasoning	35	35	20 Minutes
3.	Numerical Ability	35	35	20 Minutes
	Total	100	100	60 Minutes

II. Mains Examination:

Serial Number	Name of Test	No. of Question	Maximum Marks	Duration
1.	Test Of English Language	40	40	30 minutes
2.	Test of Reasoning	40	40	30 minutes
3.	Test Of Computer Knowledge	40	40	30 minutes
4.	Test Of General Awareness	40	40	25 minutes
5.	Test of  Numerical Ability	40	40	20 minutes
	Total	200	200	135 minutes

III. Language Proficiency Test (LPT)

The candidates provisionally shortlisted from the main on-line examination will have to undergo a language proficiency test (LPT). The language proficiency test will be conducted in the Official/Local Language of the State concerned as detailed below). Candidate not proficient in the Official/Local Language shall be disqualified.

 Types of Insurance companies

1. Life Insurance Companies: Companies which provide life coverage.

2. Non-Life Insurance Companies: Companies which provides coverage to our daily living like travel, health, our car and bikes, and home insurance

In this article we will discuss on the various exams held under insurance sector for recruitment purpose.

1. NIACL
2. NICL
3. GIC
4. OCIL
5. LIC ADO

Life Insurance Company (LIC)

 LIC is responsible for conducting exams like

• LIC ADO
• LIC HFL
• LIC AAO

Exam pattern for all the three exams is similar followed by an interview round. In total there are three levels, prelims which is qualifying in nature. Mains, on the basis of which merit list s drawn and students are called for the final interview round (if applicable). There is negative marking in the exam so students appearing for any of the exam must take care of the wrong answers. For more details keep a check on LIC official website.

LIC ADO

Students under this recruitment apply for apprentice development officer. The recruitment for this exam is over now. It was released after 4 years in 2019. Candidates can keep a check on the official site for further updates from LIC. Complete details by LIC is given in the official notification about vacancies, exam pattern, marking scheme etc.

Check the vacancy, name of post for the LIC ADO past recruitment.

Exam pattern, LIC ADO: This exam is divided into four levels.

• Preliminary Exam
• Mains Exam
• Interview
• Medical test

Click here for LIC ADO Detailed Syllabus

The recruitment depends upon the requirement of the organization. Employees working in LIC can also apply for the same and they do not have to appear for the prelims exam.

LIC specify the detailed eligibility criteria along with the official notification. Check the requirements to be fulfilled before you apply for the LIC ADO exam.

1. Nationality: Candidate should be a citizen of India
2. Age Limits: Candidate must be between 21 years and 30 years of age.
3. Experience: Candidates applying for LIC ADO exam need to be experienced for a minimum of 2 years. The experience required differs for candidates to apply for different posts.
4. Educational Qualification:  Degree of graduation, or as mentioned in the official notification.

LIC AAO

This exam is conducted by LIC for the post of Assistant Administrative Officer. Recruitment is not held annually, but as required by the company.

Check the LIC AAO vacancies, mode of exam etc.

The LIC AAO recruitment for 2019 is being conducted for different post and specializations. The categories of LIC AAO Exam are as follows:

1. LIC AAO (Generalist)
2. LIC AAO (IT)
3. LIC AAO (CA)
4. LIC AAO (Actuarial)
5. LIC AAO (Rajbhasha)

Last time in the year 2016 there were only three levels in the LIC AAO recruitment process whereas in 2019, a new level was added in the examination process to make it difficult for the aspirants to get selected as LIC AAO.

1. Preliminary Exam
2. Mains Exam
3. Interview
4. Pre-Recruitment Medical Exam

Check LIC AAO Syllabus and exam pattern.

LIC AAO, Eligibility Criteria

1. Nationality: He should be a citizen of India
2. Age Limit: Candidate must be between 21 and 30 years of age.
3. Educational Qualification: Candidate must hold a Bachelor’s degree from any Government recognized University. The education qualification is different for candidates to apply for different specializations.

For more details visit LIC official website.

LIC HFL

Housing finance limited recruits a number of aspirants for different post every year. It is the fastest growing finance company in India. The main objective of the LIC HFL is to provide housing loans for long term.

Post held by LIC HFL are as follows:

1. LIC HFL Associate
2. LIC HFL Assistant
3. LIC HFL Assistant Manager

The LIC HFL exam was conducted in the year 2018. Check the LIC HFL detailes for the year 2018 and 2019.

There are three stages in clearing LIC HFL Exam

• Written Exam
• Interview Round
• Medical test

Check LIC HFL detailed syllabus

Check LIC HFL Eligibility Criteria

1. Nationality: Candidate must be an Indian citizen
2. Age limit: Candidate must be between 21 and 30 years of age.
3. Educational Qualifications: Graduate from any Government recognized University in any discipline. Candidates applying for Associate must be intermediate in CA.

NIACL Assistant

No notification for the year 2019 has released by the concerned company. Last notification for the NIACL Assistant was released in the year 2018. Check the vacancies and other details for the year 2017 and 2018.

Check Eligibility Criteria for NIACL Assistant

1. Nationality: Candidate must be a citizen of India.
2. Age Limit: Aspirants between 18 years and 30 years of age can apply for the post.
3. Educational Qualification: Candidate must be a graduate from any Government recognized University.

NIACL Administrative Officer

This exam is conducted for the post of administrative officer. Candidates willing to apply for the post needs to wait for the next recruitment as exam for the year 2019 is over now.

This exam is conducted in Three phases

• Preliminary exam
• Mains Exam
• Interview

Syllabus for preliminary exam in both generalist and specialist officer is same. Preliminary stage is qualifying in nature. Marks obtained in mains exam are considered for final selection.

The NIACL AO exam eligibility 2018 criteria are described briefly:

1. Nationality: Must be a citizen of India. Candidates who are subject of Nepal or Bhutan can also apply.
2. Age Limits: candidate must be minimum 21 years and maximum 30 years of age
3. Educational Qualification: Candidate must be a graduate from any Government recognized University in any discipline for the Generalist category.

OICL Exam

Oriental insurance cover limited conducts exam for the recruitment of eligible candidates whenever required.

OICL conducts recruitment for various posts, these posts include:

1. Agents
2. Assistant
3. Administrative Officer (AO)

Among the three mentioned posts, OICL AO is one of the most sought after jobs in India. This job provides handsome salary, job profile and work duties.

The exam pattern for OICL AO has changed from the year 2015. The OICL AO 2017 recruitment was conducted in three stages:

1. Preliminary Exam
2. Mains Exam
3. Interview

Merit list is drawn on the basis of marks obtained in mains exam and interview round. Documentation is the final step in the process.

The OICL AO eligibility criteria are as mentioned below:

Nationality: Candidate must be an Indian citizen.

Age Limits: The age limit for candidates must not be more than 30 years and should not be less than 21 years.

Educational Qualifications: The candidate must be a graduate in any discipline for applying in OICL AO Generalist category.

Insurance Exams: Frequently Asked Questions

Q1: How many types of Insurance Exams are conucted by IBPS?Answer: There are a handful number if Insurance exams conducted by IBPS like:

• LIC AAO
• LIC ADO
• LIC HFL
• NIACL Assistant
• NIACL Administrative Officer etc.

Q2: What is the pattern of Insurance Exams conducted by IBPS?
Answer: The examination pattern of insurance exams is similar to  Banking exams like IBPS PO, IBPS Clerk etc.

Q3: What is the eligbility criteria of prominent Insurance Exams?
Answer: To appear for most of the insurance exams, a candidate should possess a graduation degree from a recognised university.

Q4:How to get information regarding the latest Insurance jobs?
Answer: You can follow bankersadda.com to get regular updates on ongoing recruitments, examinations and upcoming bank jobs as well. Click Here to Check Insurance Job Notifications.