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Insurance Exam

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Introduction of Insurance Exam

The insurance sector in India offers a variety of career opportunities through competitive examinations conducted by prominent organizations such as the Life Insurance Corporation of India (LIC), New India Assurance Company Limited (NIACL), National Insurance Company Limited (NICL), Oriental Insurance Company Limited (OICL), United India Insurance Company (UIIC), and the Insurance Regulatory and Development Authority of India (IRDAI). Below is a comprehensive overview of major insurance exams, including their eligibility criteria, exam patterns, and other pertinent details.

Exam Conducting Body Eligibility Criteria Exam Pattern Age Limit
LIC AAO (Assistant Administrative Officer) Life Insurance Corporation of India (LIC) Bachelor’s degree in any discipline Prelims, Mains, Interview 21-30 years (Relaxation as per category)
LIC ADO (Apprentice Development Officer) LIC Bachelor’s degree in any discipline Prelims, Mains, Interview 21-30 years (Relaxation as per category)
LIC HFL (Housing Finance Limited) LIC Bachelor’s degree (Assistant/Associate), MBA (Assistant Manager) Online Test, Interview 21-28 years
NIACL AO (Administrative Officer) New India Assurance Co. Ltd. Bachelor’s/Master’s degree in any discipline Prelims, Mains, Interview 21-30 years
NIACL Assistant NIACL Bachelor’s degree in any discipline Prelims, Mains, Regional Language Test 21-30 years
NICL AO (Administrative Officer) National Insurance Co. Ltd. Bachelor’s degree in any discipline Prelims, Mains, Interview 21-30 years
OICL AO (Administrative Officer) Oriental Insurance Co. Ltd. Bachelor’s degree in any discipline Prelims, Mains, Interview 21-30 years
UIIC AO (Administrative Officer) United India Insurance Co. Ltd. Bachelor’s degree in any discipline Prelims, Mains, Interview 21-30 years
IRDAI Exam (Assistant Manager) Insurance Regulatory & Development Authority of India (IRDAI) Bachelor’s degree in relevant field Prelims, Mains, Interview 21-30 years

General Exam Pattern for Most Insurance Exams:

Phase Sections Covered Duration
Prelims Reasoning, Quantitative Aptitude, English Language 1 hour
Mains General Awareness, English, Reasoning, Quantitative Aptitude, Professional Knowledge (if applicable) 2-3 hours
Interview Personal interaction assessing professional and general knowledge Varies

 

Key Notes:

  • There is a negative marking of 0.25 marks for incorrect answers in most exams.
  • Candidates should regularly check official websites for notifications and updates.
  • Proficiency in the local language may be required for some assistant-level positions.

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