Insurance Exams 2020

Insurance Exams 2020

About Upcoming Insurance Exams 2020

The insurance sector is one of the fastest growing economies of our country which provides a large number of career advancement opportunities. The job profile in this sector involves purchasing and maintaining various financial, administrative and personal services, carrying out work and purchase inquiries, and preparing and scrutinizing the bills for payment. LIC is one of the biggest players among the Public Sector Insurance Companies. Being an old company, retirements happen every year at the senior level. Hence, new recruits have a better than fair chance to move up.

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Here is the list of insurance exams 2020 which are conducted in India.

LIC AAO (Assistant Administrative Officer)
LIC issues AAO (Assistant Administrative Officer) Recruitment Notification every year. Interested and Eligible contenders may apply for the LIC Recruitment. Recruitment for AAO are made on the basis of performance in the on-line examination followed by a personal interview of short listed candidates and subsequent Pre-Recruitment Medical Examination. The LIC AAO job profile mainly involves more administrative work than roles involving direct interactions with customers. LIC AAO is a job in which the candidate can be transferred from one location to another as LIC has numerous branches all over India.

LIC ADO (Apprentice Development Officers)
LIC issues ADO (Apprentice Development Officers) Recruitment Notification every year. Now the notification for the year 2018 is going to release very soon. The notification may release in the month of August as per the last year's notification. Life Insurance Corporation of India (LIC) is the largest Life Insurance Company in India having 2048 Branches and 109 Divisional Offices. LIC recruits Apprentice Development Officers in the jurisdiction of the various Divisional Offices under nine different Zones. For the recruitment to LIC ADO preference is given to those applicants who possess Masters Degree in Business Administration in Marketing or Post Graduate Diploma in Marketing from a University in India established under Statute or by an Institute approved by All India Council for Technical Education or a recognized Institution.

NIACL AO & Assistant
NIACL stands for New India Assurance Company Ltd. is a public sector general insurance company of India. It is the largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations. NIACL declare vacancies every year for the assistant post.

The National Insurance Corporation Limited (NICL) accepts applications from all the eligible candidates who would like to work as an Administrative Officer (AO) in NICL. The applicants participating in the NICL AO Career will be selected based on their performance in the written examinations and interview.  

UIIC Assistant
UIIC or United Insurance Company Limited was established on 18th February, 1938 incorporated as a 2nd largest general insurance company of Government of India. 22 Insurance Companies merged to form UIIC establishment. The company is now a trusted Insurer in India with global recognition. UIIC is providing a variety of insurance covers to the rural people across India. Candidates have three main stages of the exam to qualify for a job post of United India Insurance Company. These three phases are – Preliminary exam, Main exam, and Regional language test. The examination is conducted in online mode with objective type questions.

FAQs Upcoming Insurance Exams 2020:

Q1. Is the English Language section only one which is qualifying in nature in LIC AAO prelims?
Ans1. Yes, in the LIC AAO prelims examination the English language section is qualifying in nature. The merit for the mains examination for candidates shortlisted is based on the 70 marks reasoning and Quantitative aptitude section.

Q2. Is there any negative marking in the LIC AAO exam?
Ans2. LIC AAO exam does not follow any negative marking in any of the phases of the examination.

Q3. May I know the duties and responsibilities of an Assistant Administrative Officer in LIC?
Ans3. The duties and responsibilities of an LIC AAO are as follows:

a. To inspect the policies
b. To manage and file claims
c. To formulate new schemes
d. To manage finance and accounts
e. To interact with clients
f. To negotiate with clients

Q4. Is there any possibility that a candidate may be located in any rural area after the selection?
Ans4. There are chances that qualified candidates may be located or transferred to any of the LIC OFFICES across the country which can be either rural or urban.

Q5. May I know the mode in which LIC ADO exam conducted?
Ans5. LIC ADO exam both prelims and mains are computer-based test (CBT which means that it is conducted in online mode.

Q6. Can you tell me the full form of LIC ADO?
Ans6. Life Insurance Corporation of India Apprentice Development Officer (LIC ADO).

Q7. Is BTech graduate eligible for LIC ADO?
Ans7. Yes, BTech graduate is eligible to apply for LIC ADO exam.

Q8. Does LIC ADO EXAM have interview session?
Ans8. Candidates who qualify the cut off marks in mains are called for the personal interview. The final merit list is prepared on the basis of the marks obtained in mains and interview.

Q9. What  does LIC ADO post holds?
Ans9. LIC ADO is a sales administrative post where they have to recruit LIC Insurance Agents and inspect existing policies. 

Q10. How can I apply for LIC ADO? 
Ans10. In case you want to apply for LIC ADO, then visit the official website and register online.

Q11. Are LIC ADO vacancies released zone wise? 
Ans11. Yes, LIC ADO vacancies are notified for different zones separately

Q12. Where can I find the NIACL AO Apply Online Link?
Ans12. Aspirants can get the NIACL AO Apply Online Link at the official website of NIACL once it is officially released. Candidates can go through the official website regularly for any updates on NIACL AO exam.

Q13. Can I pay the application fee online for the NIACL AO exam?
Ans13. Yes, the payment for NIACL AO Application Fee can be made through online mode.

Q14. What is Full Form of NIACL AO?
Ans14. The Full Form of NIACL AO is New India Assurance Company Limited Administrativse Officer.

Q15. May I know the salary of NIACL AO?
Ans15. The basic pay of an Administrative Officer (AO) in NIACL is Rs. 32,725. It is exclusive of the benefits and perks provided to the employee. 

Q16. Does the NICL recruitment notification released every year?
Ans16. The recruitment notification of NICL is released on the basis of the number of vacancies.

Q17. How to apply for the NICL exam?
Ans17. Aspirants can apply by filling online NICL application form for the exam.

Q18. May I know the selection process of NICL recruitment?
Ans18. There are three stages of selection process of NICL these are preliminary exam, mains exam and interview.

Q19. May I know the exam pattern of NICL prelims exam?
Ans19. The prelims exam includes 100 objective type questions and carries 100 marks.

Q20. What is the exam pattern of NICL mains exam?
Ans20. Main Examination comprises of Objective Test for 200 marks and Descriptive Test for 30 marks.

Q21. What will be the language medium of question paper?
Ans21. The medium of language of question paper will be both in English and Hindi.

Q22. What will be the level of NICL syllabus?
Ans22. The syllabus of the subjects asked in the exam will be at the graduation level.

Q23. What is the NICL exam pattern for Descriptive Test?
Ans23. Exam pattern of Descriptive test will include Essay, Precis and Comprehension.

Q24. May I know the posts available under this UIIC recruitment project for freshers?
Ans24. The post which is available for fresher in this recruitment project is Assistant.

Q25. What is the latest exam pattern of UIIC Assistant exam?
Ans25. UIIC will be conducting 2 rounds of exam- Prelims and Mains for the post of Assistants. Earlier there used to be only one exam of 120 minutes with 5 sections.

Q26.  Is UIIC conducting the exam online?
Ans26. Yes, Common Written Exam for UIIC will be conducted in online mode for both Prelims and Mains exams.

Q27.  What is the age limit to apply for this common written exam?
Ans27. The age limit to apply for the post should be between 18 years and 28 years i.e. as on the date of application.

Q28. Is there a criterion for negative marking in UIIC Assistant exam ?
Ans28. Yes, there is negative marking of ¼ marks for every wrong answer marked by the candidate.

Q29. What is final selection criteria considered to make the merit list?
Ans29. Merit list will be crafted on State-wise and Category-wise. The candidates who qualify in the Pre-recruitment Tests (Tier-I and Tier-II) should qualify in the Regional Language Test also subsequently.

Q30. What is the educational qualification necessary for Assistant in this recruitment process?
Ans30. Candidate should be a graduate from a recognized University or its equivalent. He or she should have the knowledge of reading, writing, and speaking skills of regional language of the state of recruitment is essential.