Insurance Exams 2021
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.
| 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.
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.
| LIC ADO Recruitment | ||
| Recruitment Year | 2015 | 2019 |
| Organizing Body | Life Insurance Corporation of India | |
| Post | Apprentice Development Officer | |
| Vacancies | 363 | 8,581 |
| Official Notification Date | June 1, 2015 | May 20, 2019 |
| Mode of Exam | Online | |
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.
- Nationality: Candidate should be a citizen of India
- Age Limits: Candidate must be between 21 years and 30 years of age.
- 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.
- 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.
| LIC AAO Recruitment | ||
| 2016 | 2019 | |
| Organizing Body | Life Insurance Corporation of India | |
| Post | Assistant Administrative Officer | |
| Vacancies | 700 | 590 |
| Official Notification | December 15, 2015 | March 2, 2019 |
| Mode of Exam | Online | Online |
The LIC AAO recruitment for 2019 is being conducted for different post and specializations. The categories of LIC AAO Exam are as follows:
- LIC AAO (Generalist)
- LIC AAO (IT)
- LIC AAO (CA)
- LIC AAO (Actuarial)
- 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.
- Preliminary Exam
- Mains Exam
- Interview
- Pre-Recruitment Medical Exam
Check LIC AAO Syllabus and exam pattern.
LIC AAO, Eligibility Criteria
- Nationality: He should be a citizen of India
- Age Limit: Candidate must be between 21 and 30 years of age.
- 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:
- LIC HFL Associate
- LIC HFL Assistant
- 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.
| LIC HFL Exam Recruitment 2018 | LIC HFL Exam Recruitment 2019 | |
| 2018 | 2019 | |
| Organizing Body | Life Insurance Corporation Of India | Life Insurance Corporation Of India |
| Official Notification | August 2018 | August 8, 2019 |
| Vacancy | 300 | 300 |
| Salary | Rs. 22257/- (Assistant)Rs. 33498/- (Associate)
Rs. 52200/- (Assistant Manager) (approx for all post) |
Rs. 23870/- (Assistant)Rs. 35960/- (Associate)
Rs. 56000/- (Assistant Manager) (approx for all post) |
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
- Nationality: Candidate must be an Indian citizen
- Age limit: Candidate must be between 21 and 30 years of age.
- 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.
| NIACL Exam Recruitment | ||
| 2017 | 2018 | |
| Organizing Body | New India Assurance Company Limited | |
| Post | Assistant | |
| Vacancies | 976 | 653 |
| Official Notification | March 4, 2017 | July 13, 2018 |
| Mode of Exam | Online | |
Check Eligibility Criteria for NIACL Assistant
- Nationality: Candidate must be a citizen of India.
- Age Limit: Aspirants between 18 years and 30 years of age can apply for the post.
- 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.
| NIACL Administrative Officer Recruitment | ||
| 2016 | 2019 | |
| Organizing Body | New India Assurance Company Limited | |
| Post | Administrative Officer | |
| Vacancies | 300 | 312 |
| Mode of Exam | Online | |
| Official Notification | October 10, 2016 | December 5, 2018 |
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:
- Nationality: Must be a citizen of India. Candidates who are subject of Nepal or Bhutan can also apply.
- Age Limits: candidate must be minimum 21 years and maximum 30 years of age
- 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:
- Agents
- Assistant
- 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.
| OICL AO Rec recruitment | ||
| 2015 | 2017 | |
| Organizing Body | Oriental Insurance Corporation | |
| Post | Administrative Officer | |
| Mode of Exam | Online | |
| Official Notification | February 10, 2015 | July 31, 2017 |
| Vacancy | 246 | 300 |
| Salary | Rs. 36,000 | Rs. 51,000 |
The exam pattern for OICL AO has changed from the year 2015. The OICL AO 2017 recruitment was conducted in three stages:
- Preliminary Exam
- Mains Exam
- 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.
