Insurance

Name of the Recruiting Body :LIC / GIC/UIIC / NIC / NIAC – AAO & ASSITANT

Type of Services :All Insurances


Salary Package :

Any Degree (Graduation) in any discipline from a university recognised by the Government of India.

Educational Qualification :

Basic pay of `32795/- per month in the scale of `32795–1610(14)–55335–1745(4)–62315 and other admissible allowances as per rules. Total emoluments at the minimum of the scale, inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city, will be approximately `56,000/- per month in ‘A’ Class city. Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Cash Medical Benefit, Group Mediclaim, Group Personal Accident Insurance, Group Insurance, Vehicle Loan (2-wheeler/4 wheeler) as per rules, meal coupon, reimbursement towards cost of Brief case/leather bags, mobile handset, supply of dailies and magazines and tea/coffee, mobile expenses, etc. as per rules.

Candidates selected for the post of Assistant Administrative Officer (Chartered Accountant) with two years post qualification work experience on the date of eligibility are eligible for two advance increments.

Salary Package :

The basic salary of SBI PO, as mentioned in SBI PO 2018 Official Notification is Rs. 23700. Also, the SBI Probationary Officer gets 4 advanced increments of `980 which are added to his basic salary which finally amounts to `27620. Apart from the basic salary, an SBI PO also receives Dearness Allowance, City Compensation Allowance (CCA) and Special Allowance which, when added to the basic salary, amount to approximately `43307

Eligibility Conditions :


Age Minimum Age shall be 21 years (completed) as on 01.03.2019. Maximum age shall not be more than 30 years (candidates must have been born not earlier than 02.03.1989 and not later than 01.03.1998 both days inclusive only are eligible) Relaxations in upper age limit for Scheduled Caste (SC) / Scheduled Tribe (ST) / Other Backward Community (OBC) / Emergency Commissioned Officers (ECO) / Short Service Commissioned Officers (SSCO) / Persons with Benchmark Disabilities (PwBD) / Confirmed LIC employees shall be as under :
SC/ST 5 Years
OBC 3 Years
PwBD (Gen) 10 Years
PwBD (SC/ST) 15 Years
PwBD (OBC) 13 Years
ECO/SSCO (GEN) 5 Years
ECO/SSCO (SC/ST) 10 Years
ECO/SSCO (OBC) 8 Years
Confirmed LIC employees Further Relaxation of 5 Years
Educational Qualification

A. For AAO (Generalist) : “Bachelor’s Degree in any discipline from a recognized Indian University/Institution”.

B. For AAO (IT) : Graduation degree in Engineering in Computer Science, IT or Electronics, or an MCA, or an MSC(Computer Science) from a recognized Indian University / Institution.

C. For AAO (Chartered Accountant) : Bachelor’s Degree from a recognized Indian University / Institution and Candidate should have passed Final Examination of Institute of Chartered Accountants of India and completion of Articles as presented by Institute of Chartered Accountants of India. The candidate should be Associate member of Institute of Chartered Accountants of India. Candidates should provide their membership number and the same will be verified with Institute of Chartered Accountants of India.

D. For AAO (Actuarial) : Bachelor’s Degree in any discipline from a recognized Indian University/Institution and Candidates should have compulsorily passed paper CT1 and CT5 plus 4 or more other papers of the examination conducted by the Institute of Actuaries of India / Institute and Faculty of Actuaries, UK. (Total 6 or more papers) as on the date of eligibility i.e. 1st March, 2019. Candidates should provide their membership number and the same will be verified with Institute of Actuaries of India / Institute and Faculty of Actuaries, UK.

E. For AAO (Rajbhasha) : Post Graduate Master’s Degree in Hindi / Hindi translation with English as one of the subjects at Bachelor’s Degree level

OR

Post Graduate Master’s Degree in English with Hindi as one of the subjects at Bachelor’s degree level

OR

Post Graduate Master’s Degree in Sanskrit with English and Hindi as subjects at Bachelor’s degree level.


Candidates should ensure that the educational qualification possessed by them shall be as per the prescribed educational qualifications mentioned in the advertisement and they fulfill the above eligibility criteria. No equivalent educational qualification shall be considered as eligible.

All the educational qualifications mentioned should be from a University / Institute / Board recognized by Govt. of India / approved by the Government Regulatory bodies and the result should have been declared on or before 01.03.2019. Proper documents from Board / University for having declared the result on or before 01.03.2019 have to be submitted at the time of interview. The date of passing the examination which is reckoned for eligibility will be the date of passing appearing on the mark sheet / provisional certificate.

LIC AAO Exam Dates :


S. No. Activity Dates
1. Start date for Online Registration of Applications and Online Payment of Application Fee/ Intimation Charges 02.03.2019
2. Last date for Online Registration & Online Payment of Application Fee/Intimation Charges 22.03.2019
3. Download of Call Letter for Online Preliminary Examination From 22.04.2019 to 30.04.2019
4. Dates of Online Examination –Preliminary (tentative) 4th & 5th May 2019
5. Dates of Online Examination – Main (tentative) 28th June 2019
6. Download of Call letter for Online Main Exam 20th July 2018

Candidates are advised to regularly keep in touch with the authorized LIC website www.licindia.in for details and updates.

Service Conditions :


The service conditions will be applicable as per the prevalent rules of the LIC from time to time. The advertised posts are regular and selected candidates, on appointment, are liable to be posted or subsequently transferred anywhere in India. It may be noted that most of the vacancies are in mofussil branches of LIC. As such, after selection and successful completion of training, candidates will be posted for a minimum period of three years in mofussil branches outside their home zones.

Probation :


A candidate after appointment as Assistant Administrative Officer shall be on probation for a period of one year from the date of joining. This period may be extended upto two years.

Guarantee Bond :


Before joining as a Probationer, candidates will be required to give an undertaking to serve LIC for a minimum period of four years from the date of joining (including probationary period) failing which, he/she or his /her heirs, executors, administrators will be liable to pay liquidated damages of ₹200,000/-only (Rupees Two Lakhs only) or the sum of amount the Executive Director (Personnel) may prescribe from time to time. The candidate will have to submit Deed of Indemnity at his/her cost, duly stamped, the stamp value of which will be as applicable to the State in which the deed is executed by the candidate.

Application fees/Intimation charges (Non-refundable :


Candidates will have to make the payment of Application Fees/Intimation Charges through the On-Line Mode as under :


For SC/ST/PwBD candidates Intimation Charges of `100 plus Transaction Charges
For all other candidates Application Fee-cum-Intimation Charges of `600 plus Transaction Charges

For detailed instructions on method of payment please refer “How to Apply”

Selection Procedure :


Selection of Assistant Administrative Officers will be done through a three tiered process and subsequent Pre-recruitment Medical examination.

LEVEL OF EXAMS :


Phase-I – Preliminary Examination :


Preliminary Examination consisting of objective test will be conducted online. The test will have three sections (with separate timings for each section) as follows :

Section Name of the tests Number of Qns. Mxm. Marks Medium of Exam Minimum Qualifying Marks Duration
SC/ST Others
1 Reasoning Ability 35 35 English & Hindi 16 18 20 minutes
2 Quantitative Aptitude 35 35 English & Hindi 16 18 20 minutes
3 English Language with special emphasis on grammar, vocabulary and comprehension 30 30** English 9 10 20 minutes
Total 100 70 1 hour

** English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking.

Candidates equal to 20 times of number of vacancies in each category, subject to availability, will be shortlisted for Main examination.

Phase-II : Mains Examination :


Main examination will consist of objective tests for 300 marks and descriptive test for 25 marks. Both the objective and descriptive tests will be online. The objective test will have separate timing for every section. Candidates will have to answer descriptive test by typing on the computer. Descriptive test will be administered immediately after the completion of the objective test.

Main Examination for recruitment of AAO (Generalist) :

** English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking.

Section Name of the tests Number of Qns. Max. Marks Medium of Exam Minimum Qualifying Marks Duration
SC/ST Others
1 Reasoning Ability 30 90 English & Hindi 40 45 40 minutes
2 General Knowledge, Current Affairs 30 60 English & Hindi 27 30 20 minutes
3 Data Analysis & Interpretation 30 90 English & Hindi 40 45 40 minutes
4 Insurance and Financial Market Awareness 30 60 English & Hindi 27 30 20 minutes
Total 120 300 2 hour
5 English Language (Letter writing & Essay) 2 25 ** English 9 10 30 minutes

Main Examination for recruitment of AAO (IT/Chartered Accountant/Actuarial) :

** English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking.

Section Name of the tests Number of Qns. Mxm. Marks Medium of Exam Minimum Qualifying Marks Duration
SC/ST Others
1 Reasoning Ability 30 90 English & Hindi 40 45 40 minutes
2 General Knowledge, Current Affairs 30 60 English & Hindi 27 30 20 minutes
3 Professional knowledge 30 90 English & Hindi 40 45 40 minutes
4 Insurance and Financial Market Awareness 30 60 English & Hindi 27 30 20 minutes
Total 120 300 2 hour
5 English Language (Letter writing & Essay) 2 25 ** English 9 10 30 minutes

Main Examination for recruitment of AAO (Rajbhasha) :

** Knowledge of Language test will be of qualifying nature and the marks thereof will not be counted for ranking.

LIC reserves the right to modify the structure of the examination which will be intimated through its website. Other detailed information regarding the examination will be given in an Information Handout which will be made available for the candidates to download along with the call letters from the LIC website www.licindia.in

Candidate MUST obtain minimum qualifying marks in each Section separately and should also obtain minimum marks in the aggregate to qualify for the examinations (Preliminary and Main) and the interview. Descriptive paper of only those candidates will be evaluated who qualify in the objective part of main examination. The responses (answers) of individual candidates with other candidates would be analyzed to detect patterns of similarity of right and wrong answers. If in the analytical procedure adopted in this regard, it is inferred/concluded that the responses have been shared and scores obtained are not genuine/valid, LIC reserves the right to cancel the candidature of the concerned candidate and the result of such candidates (disqualified) will be withheld.

English Language test is of qualifying nature and marks in English Language will not be counted for ranking. The decision of LIC in this regard shall be final and binding on the candidates. No correspondence will be entertained in this regard.

The scores obtained by each of the candidates in different sessions (if held) will be normalized using equi-percentile equating method.

The Scores of Examination are obtained by adopting the following procedure :

  • Number of questions answered correctly by a candidate in each objective test is considered for arriving at the Score.
  • The score so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the objective tests held in different sessions to arrive at the Equated Scores*
    *Scores obtained by candidates on any test are equated to the base form by considering the distribution of scores of all the forms.
  • Test wise scores and scores on total is reported with decimal point upto two digits.

Section Name of the tests Number of Qns. Mxm. Marks Medium of Exam Minimum Qualifying Marks Duration
SC/ST Others
1 Reasoning Ability 30 90 English & Hindi 40 45 40 minutes
2 General Knowledge, Current Affairs 30 60 English & Hindi 27 30 20 minutes
3 Professional knowledge 30 90 English & Hindi 40 45 40 minutes
4 Insurance and Financial Market Awareness 30 60 English & Hindi 27 30 20 minutes
Total 120 300 2 hour
5 Knowledge of Language (Descriptive) 2 25 ** English 9 10 30 minutes

BANKING CLASSROOM PROGRAMS :

  • Total Classes -62
  • Total Duration-124 hours.
  • Total Mock Test-40 sets (Both Online & Offline)
  • Total Course Duration-3 months
  • Total Discussion Class-5
S. No. Batch Duration Timing
1. Regular Batch (Monday – Friday) 3 months 7.00 a.m. to 9.00 a.m
10.00 a.m. to 12.00 p.m.
6.00 p.m. to 8.00 p.m.
2. Weekend Batch (Sunday Only) 4 months 10.00 a.m. to 2.00 p.m.

INTERVIEW PROGRAMME


Interview Class for Banking :

In 3 days intensive classroom training programme by banking specialist.

Mock Interview conducted by senior PSO Bankers/ Government officials.

Banking & Current Affairs recap.

PROGRAMME SUMMARY


Note :

The orientation class will conducted on every Saturday at 6.00 p.m.


CONTACT


Class Room Admission Office
Plot No.1742, 1st Floor, 18th Main Road, Anna Nagar Chennai – 600 040 Contact No. 044 - 45543082 Shankar IAS Academy
Door No 18, Old Plot No 109, New Plot No 259, AL Block, 4th Avenue, Shanthi Colony, Anna Nagar, Chennai ‐ 600040.

Branch Office


Adyar-Chennai Madurai Trichy
No-2/23, 3rd Cross Street, Padmanabhanagar, Opposite to Sishya School, Adyar Chennai – 600 020, Tamilnadu 044 - 24 418886 Plot no:409/B, Mall Super Market, Second floor, Church Road, Anna Nagar, Sathamangalam, Madurai- 625020. Contact : 97896 22555 | 0452-4255455 [land mark: near Suguna stores bus stop, Second left towards Ambiga college] N.R.Towers A9( N), Salai Road, Thillai Nagar, Trichy – 620018 Contact : 0431-4976911 | 97896 64555 Land Mark – LIC -Rock fort branch building
www.shankariasacademy.com | www.iasparliament.com
7667766266 | enquiry@shankarias.in

INSURANCE

SBI PO
Online Exams Coming Soon