LIC AAO

ABOUT LIC

Life Insurance Corporation (India) (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of ₹1560482 crore (US$230 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.

The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation. LIC's slogan yogakshemam vahamyaha is in Sanskrit language which translates in English as "Your welfare is our responsibility". This is derived from ancient Hindu text, the Bhagavad Gita's 9th chapter, 22nd verse.The slogan can be seen in the logo, written in Devanagari script.

        LIC had 11,95,916 agents as on 31 March 2014, out of which the number of active agents were 11,32,677 (94.71%). It has 3500 serving offices including 2048 branches, 54 Customer zone, 25 metro area service hubs, 242 corporate agents, 79 referral agents, 98 brokers and 42 Banks ( as on 31.12.2011) for soliciting life insurance business from the public.

HISTORY

The oriental Life Insurance Company , the first corporate entity in India offering life insurance coverage, was established in Calcutta in 1818 by Bipin Behari Dasgupta and others.Europeans in India were its primary target market and it charged Indians heftier premiums. The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider

KEY PERSONS

S.K Roy                                Chairman
S.B Mainak                           Managing Director
V.K Sharma                          Managing Director

Usha Sangwan                     Managing Director

RECRUITMENT OF 700 ASSISTANT ADMINISTRATIVE OFFICER(AAO) FOR 2016

Recently LIC announced a vacancy of about 700 for the post of AAO. This is the golden opportunity for aspirants. It is a quite lucrative career with job security and satisfaction. LIC is known for it good working environment and freshers find it very easy to cope up with staffs. So all in all LIC is a golden opportunity which should not be missed. 

 IMPORTANT DATES 

Start date for Online Registration of Applications and Online Payment of Application Fee/ Intimation Charges	15.12.2015
Last date for Online Registration & Online Payment of Application Fee/Intimation Charges	05.01.2016
Download of Call Letter for Examination	Last week of February 2016
Dates of Online Examination (Tentative)	05th,06th , 13th March 2016

NUMBER OF POST

Reservation	SC	ST	OBC	UR	TOTAL	OH	VI
Current Year	104	52	192	349	697	10	11
Back log	2	1	-	-	3	-	-
Total	106	53	192	349	700	10	11

CUTOFF MARKS

SECTION	QUESTIONS	NUMBER OF QUESTIONS	TOTAL MARKS	CUTOFF (Estimated)	Difficulty
1	Reasoning Ability Test	30	90	57-60	Medium
2	Quantitative Aptitude Test	30	90	45-50	Medium to Hard
3	General Knowledge, Current Affairs Test	30	60	40-42	Easy to Medium
4	Computer Knowledge Test	30	60	50-54	Easy
5	English Language Test with Special emphasis on Grammar, Vocabulary and Comprehension	40			Medium to Hard
	Total	160	300	192-206

 INTERVIEW CONSIST OF 60 MARKS AND MINIMUM SCORE REQUIRED FOR IT IS 30

SYLLABUS AND BOOKS FOR BETTER PREPARATION

REASONING

Direction Sense Test

Sitting arrangement: circular, rectangular, linear and table based

Blood relations

Analogy

Odd man out

Syllogisms

Coding-decoding

Alpha-numeric sequence puzzle

Non verbal reasoning

Eligibility Test

Input output

Statement assumptions

Data sufficiency

Ranking, Dictionary arrangements

Reasoning is one of the most scorable topic of the exam.It can fetch high marks with less effort So try to cover up all the topic and prepare it well. It will help in good score in overall exam. One should try to score at least 80 in this section.

APPROXIMATE QUESTIONS FROM EACH TOPIC

TOPIC	QUESTIONS(APPROX)
Circular Arrangement	5
Sitting Arrangements (Linear)	5
Syllogism	5
Input-Output	5
Mathematical Inequality	5
Assumption Inference	3
Directions	2

Click on book thumbnails to directly buy book.

BOOK FOR REASONING


QUANTITATIVE APTITUDE

Number system

HCF & LCM Simplifications

Partnerships

Percentage

Ratio and proportions

Average & Ages Ratio & Proportion

Number series

Problems based on numbers

Approximation Wrong Number

Decimal fractions

Square root and cube root

Profit and loss

Simple interest and compound interest

Data tables

Probability

Time and work

Time and distance

Pie charts

Bar graphs

Line graphs

Average

Mensuration

Permutation and combination

Mixed graphs

This section rightly be said as the toughest section of whole exam. But, that doesnt mean it is not scoring. It means it needs lots of practise. Practice is the key of this section. Give a lot of time preparing for this section. Consolidate all formula at one place for easy revision. Formula is the must for this section. R.S Agarwal can be a very good book for preparation of this topic. Time taken for solving each question must also be monitored. Try to reduce time and increase accuracy. 

BOOK FOR QUANTITATIVE APTITUDE
       

ENGLISH

Synonyms         

Antonyms         

Analogies              

Spelling Mistakes         

Idioms and Phrases         

One Word Substitution    

Sentence Formation         

Sentence Completion    

Sentence Improvement    

Sentence Reconstruction    

Rearrangement of  Words In Sentence

Rearrangement of Sentence In Paragraph

Paragraph Formation    

Paragraph Completion    

Fill in The Blanks         

Cloze Tests                    

Common Errors         

Spotting Errors         

Inappropriate Usage of Words    

Sentence Correction    

English though doesn't have any cutoff marks but nonetheless its importance is very much. It can be the reason of selection or rejection despite no cutoff mentioned. Have good grammar. Try to expand vocabulary and spelling. 
Sentence completion and reconstruction is one of the main part of it. Practise paragraph completion and fill in the blanks to the fullest. Overall, try to be good in english. Solve papers and manage time.

BOOK FOR ENGLISH

GENERAL KNOWLEDGE AND CURRENT AFFAIRS

Current Affairs (National and International)

Major Financial / Economic News

Budget and Five Year Plans

Sports, Books and Authors

Awards and Honors, Science – Inventions and Discoveries

Abbreviations, Important Days

International and National Organizations are some related topics

Try to get all the current affairs of the last 6 months. Watch TV, read newspaper and magazines. Books listed below are quite helpful in the preparation. These books are very updated. banking awareness must be priority for this section. All the recent updates in banking sector must be learnt.

BOOK FOR GENERAL KNOWLEDGE AND BANKING AWARNESS
         

COMPUTER KNOWLEDGE

History of Computer Development.

Types of Computer and basics.

Shortcut keys.

Hardware.

Software.

Network.

Internet etc

This section is an easy section and can easy give marks upto 95%. with small preparation it will be enough to prepare for the exam 

BOOKS FOR COMPUTER KNOWLEDGE
          

CONSOLIDATED BOOKS FOR THE EXAMINATION (For short time quality preparation)

Some important books that are helpful in focused preparation of LIC AAO Examination. These books are specially useful in preparation for exam in short time of 1-2 months. it must to solve any one of these full book cover to cover to ensure the selection in examination. All the books are specially made for LIC AAO so it will ensure maximum productivity in minimum time possible.

         

Click on book thumbnails to directly buy books.

PENALTY FOR WRONG ANSWERS

There will be a penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth (1/4) of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question. The marks obtained by the candidate in each Section and in the aggregate shall be arrived at after deduction of the marks for wrong answers.

Candidate MUST pass in each Section separately and should also obtain minimum marks in the aggregate to qualify for the interview. 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.

The minimum marks to be obtained in each Section and in the aggregate shall be decided by LIC.

English Language test is of qualifying nature and the 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 corrected scores obtained by each of the candidates in different sessions (if held) will be normalized using equi -percentile equating method.

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

(i) Number of questions answered correctly by a candidate in each objective test is considered for arriving at the Corrected Score after applying penalty for wrong answers.

(ii) The Corrected Scores 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.

(iii) Test wise scores and scores on total is reported with decimal point upto two digits.

Note: Cutoffs are applied in two stages:

i. on scores in individual tests

ii. on Total Score Appearing in the online examination or mere pass in the online examination shall not vest any right in a candidate to be called for Personal Interview.

 
PRE-EXAM TRAINING FOR OBC/SC/ST CANDIDATES:

OBC/SC/ST candidates who wish to avail the benefit of pre examination training may register their name and other details with the Divisional Office of LIC convenient to them after submission of online application. The Divisional Office will inform the registered candidates, the date and venue of the training. Such candidates would have to attend the training at their own cost on the appointed dates and at the venue advised to them. Candidates are required to refer to the website under the tab “Careers” for address of the Divisional Offices of LIC.

 
INTERVIEW

I. Commensurate to the number of vacancies, LIC reserves the right to fix the minimum eligibility standards in order to restrict the candidates to be called for interview and also fix the minimum qualifying marks to qualify in the interview. Candidates who do not obtain the minimum qualifying marks as decided at a later stage shall be excluded from further selection process The decision of LIC in this regard shall be final and binding on the candidates and no correspondence will be entertained in this regard.

II. The number of candidates to be called for interview will be about three times the number of vacancies to be filled in subject to availability of successful candidates in the online examination and will be purely as per their ranking in their respective category. Candidates will have to obtain the minimum qualifying marks in the interview as will be decided by LIC

III. Outstation candidates called for interview shall be entitled for re-reimbursement of Second Class Ordinary to and fro Railway/Bus Fare by the shortest route from the place of residence to the place of interview to be restricted to the fare by Railway Second Class Sleeper including the Reservation charges.

IV. In case of similar marks of two or more candidates, the merit order of such group of candidates shall be as per the aggregate marks in online examination and interview and further as per their additional post-graduation qualification (i.e. the person with higher educational qualification will be placed higher in the merit order) and in case of further similarity in educational qualification merit order will be decided on the basis of age, (i.e. senior in age will be placed higher in merit order). LIC will not be bound to take all the candidates with similar mark. It will only take candidates as per vacancy notified.

V. There will be no contingency/waiting list, for candidates not declared successful in the main list.

PRE-RECRUITMENT MEDICAL EXAMINATION:

Shortlisted candidates will have to undergo a Pre-Recruitment Medical Examination and if found medically fit, will be offered appointment.

EMOLUMENTS AND BENEFITS

Basic pay of Rs. 17240/- per month in the scale of Rs. 17240- 840(14) –29000– 910(4) –32640 (Under Revision) 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 Rs 40,245/- 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, approx 35 liters of fuel per month,Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4 wheeler) as per rules.

SERVICE CONDITIONS

Service Conditions are as applicable in 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.

PROBATION

One year, extendable up to 2 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 Rs.200,000/-only (Rupees Two Lakhs only) The candidate will have to submit Deed of Indemnity at his cost, duly stamped, the stamp value of which will be as applicable to the State in which the deed is executed by the candidate.

 STRATEGY TO CRACK AAO EXAMINATION

LIC AAO has become quite competitive due to its reputation as well as increased number of candidates taking part in exam. So to crack this exam a well defined strategy is necessary. Generally any bank or insurance company exam can be cracked with a dedicated hard work of 2-3 months. That being said it is required to have a updated general knowledge of at least past 6 month as current affairs and basic knowledge of banking and insurance system. So Some tips are as follows.

1.)Plan the time it will take to cover whole syllabus of the exam.Fix target for each day and                             complete it without failing. 

2.)Try to do at least 1 chapter of reasoning, aptitude, English and some general                         knowledge each day. This will help in mental satisfaction as well as will make task easy.                       With this approach syllabus will be completed easily before time.

3.)Try to finish whole syllabus of reasoning aptitude and English 15 days before exam and        after that just solve as much as practice paper as possible.                                                                     Take up mock test with same environment as the real examination

4.)Revise the things you studied after regular interval. Sunday can be kept as revision day.

5.)  Work on weak areas and give more focus to that.

6.) LIC AAO has relatively easier reasoning and computer section so try to make most of it.                         With a bit of effort English can also be one of the most scoring subject.

7.)Sit for 3-4 hours daily continuously and study. This will help during examination. 

8.) Prepare from good study material. Try to go for books with a better approach for the                  examination.

9.) In examination hall try to do easy questions first. Try to finish them as fast as possible                               so that more time can be given to relatively hard questions.

10.) Keep all the formulae handy and written at one place for quick revision

So start the preparation now and work hard work smart. 
All the best!!!!!!!!!!!

Click on book thumbnails to directly buy book.