The LIC AAO Mains Examination 2023 is in the offing. The LIC AAO Mains Exam 2023 is scheduled to be held on 18 March 2023 by the Life Insurance Corporation of India (LIC) across LIC AAO Mains exam centers across India.
The LIC AAO Prelims Exam 2023 results will be released soon on the official website of LIC India. Candidates who have successfully cleared the LIC AAO Prelims Exam can directly download their LIC AAO Mains Exam Admit Card 2023 through this link.
It is imperative that the candidates, who attend the LIC AAO Mains Exam 2023, are well aware of the LIC AAO Syllabus in detail. This will ensure the success of the candidates in the LIC AAO Mains Exam 2023.
Candidates need to remember this when it comes to clearing the LIC AAO Mains Exam 2023:
Sections | Number of Questions | Total Marks | Duration |
Reasoning | 30 | 90 | 40 minutes |
General Knowledge, Current Affairs | 30 | 60 | 20 minutes |
Professional knowledge | 30 | 90 | 40 minutes |
Insurance and Financial Market Awareness | 30 | 60 | 20 minutes |
Total | 120 | 300 | 120 minutes |
English Language (Letter Writing & Essay)/ Legal drafting for AAO(Legal) | 2 | 25 | 30 minutes |
The syllabus for the insurance and financial awareness section in the LIC Assistant Administrative Officer Mains Exam is as mentioned below:
Candidates need to answer questions in this part within an hour and not more. Answering questions in this section is simple, unlike the other sections of the LIC AAO exam. There are no calculations involved, nor are there any tricky questions.
Candidates can answer a question only if they know about it; this section has no place for guesswork. Thus, acing a 40+ score is not that difficult. The main thing to do here is to prepare strategically by covering all essential topics.
The table below represents all the topics that candidates must prepare for the insurance and financial market section.
Subject | Topics |
Financial Market Awareness | The Indian Financial System – Overview
|
Money Market Instruments
| |
Financial Markets
| |
Primary Market
| |
Secondary Market
| |
Derivatives
| |
Government Securities Debt Market | |
Forex Markets | |
Financial Institutions
| |
Banking in India
| |
Other Topics
| |
Insurance Knowledge or Insurance Awareness | Important Insurance Companies
|
Other Topics
| |
Traditional Life Insurance Products
| |
Regulatory Aspects
| |
Non-traditional Life Insurance Products
| |
Government Schemes
|
Candidates need to pay heed to the important factors mentioned below to successfully qualify in the insurance and financial market awareness section:
Scoring 40+ in the insurance and financial market awareness section is not difficult to achieve, and candidates should cover all the topics mentioned in the table above. To prepare well, applicants must accumulate all study materials beforehand and devote around 4 to 5 hours to prepare for this section. Moreover, aspirants must practice some mock tests and always stay updated on current affairs related to the insurance and market awareness section. So, if you are still confused about the preparation of this section, contact us at Veranda Learning for further help.
Ans: The LIC AAO Mains Exam 2023 is tentatively scheduled to be held on 18 March 2023. But this date is subject to change based on the releasing of the LIC AAO Prelims Exam 2023 results.
Ans: The LIC AAO Mains Exam consists of a objective test with 4 sections for a total of 300 marks and a descriptive test for a total of 25 marks. The descriptive test is qualifying in nature. Candidates will be shortlisted for the LIC AAO Interview 2023 based on their marks and performance in the LIC AAO Mains Exam 2023.
Ans: Candidates can follow the Veranda RACE’s Bank YouTube channel to update their knowledge on Insurance & Financial Market section. This will ensure that they score the maximum marks in the LIC AAO Mains Exam 2023. Also, there are numerous notes and PDFs available to aid the preparation of the students for the LIC AAO Mains Exam 2023.
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