The UIIC Assistant 2025 Notification will be released soon by the United India Insurance Company. Candidates aspiring to join as Assistants should start their preparation early and stay updated with the official announcement.
The recruitment process will involve an Online Test followed by a Regional Language Test, as per the revised selection pattern. Detailed information on eligibility, syllabus, exam pattern, and important dates will be provided once the notification is officially released.
As it is the Phase II (Mains) exam, it’s important to score well to improve your overall rank. The Insurance & Financial Market Awareness section can help you gain a lot of marks in a short time. With just 20 minutes to answer 60 marks worth of questions, this section can make a big difference. That’s why you should prepare it carefully focus on key insurance topics, recent updates in the financial sector, and current affairs related to IRDAI, RBI, SEBI, and the economy. Strong preparation here can give you the edge you need in the LIC AAO 2025 exam.
LIC AAO 2025 Exam Patter
The LIC AAO 2025 recruitment process is divided into three main phases Prelims, Mains, and Interview. Each phase has a specific purpose in selecting candidates for the Assistant Administrative Officer (AAO) post. Understanding the latest exam pattern is crucial for smart preparation and time management during the exam.
Phase I – Prelims
This is the screening stage. It consists of three sections: Reasoning, Quantitative Aptitude, and English Language. Only the marks from Reasoning and Quant will be counted for shortlisting. The English section is qualifying in nature. There is no negative marking and each section has a fixed time of 20 minutes. You must clear the sectional and overall cutoffs to move to the Mains.
| Section | No. of Qs | Marks | Duration |
|---|---|---|---|
| Reasoning Ability | 35 | 35 | 20 min |
| Quantitative Aptitude | 35 | 35 | 20 min |
| English Language (qualifying)* | 30* | 30 | 20 min |
| Total | 100 | 70 | 60 min |
Phase II – Mains (For Generalist)
This is the most important stage of the selection process. It includes four objective sections and a descriptive paper. Marks from the objective paper will be used to determine your rank. The Insurance & Financial Market Awareness and Professional Knowledge sections are scoring and can give you a strong advantage. The descriptive test (essay and letter writing) is qualifying but must be cleared to be considered for the interview.
| Section | No. of Qs | Marks | Duration |
|---|---|---|---|
| Reasoning Ability | 30 | 90 | 40 min |
| General Knowledge & Current Affairs | 30 | 60 | 20 min |
| Professional Knowledge (Generalist posts) | 30 | 90 | 40 min |
| Insurance & Financial Market Awareness | 30 | 60 | 20 min |
| Objective Total | 120 | 300 | 120 min |
| Descriptive Test (Essay & Letter/Legal Drafting) | 2 Qs | 25 | 30 min |
Note: The English Language section in the Prelims will be of qualifying nature only.
Marks obtained in this section will not be counted for the purpose of shortlisting or final ranking. However, you must clear the minimum cutoff in English to qualify for the Mains exam.
Preparation Tips for Insurance Awareness – LIC AAO 2025
The Insurance & Financial Market Awareness section in LIC AAO 2025 Mains can be a major scoring area if prepared well. Focus on understanding basic insurance concepts and staying updated with recent developments. Read newspapers, follow IRDAI and RBI updates, and revise key financial terms regularly. Use mock tests and quizzes to strengthen your accuracy and speed.
Important Topics for Insurance Awareness – LIC AAO 2025
Make sure to cover the following topics during your preparation:
- History of Banking and Insurance
(Nationalisation, evolution of insurance in India, major milestones) - Financial Institutions and Terms
(IRDAI, SEBI, RBI, PFRDA, insurance terms, derivatives, policies) - Current Affairs – Banking & Insurance
(Recent schemes, mergers, reforms, and news related to the financial market)
Topics Under Insurance and Financial Awarness:
First of all let us discuss topics that comes under the Insurance Awareness section for Exam.
Financial Market Topics:
- The Indian Financial System- Overview
- Financial Markets- features and functions
- Financial Institutions
- Financial Instruments
- Financial Markets
- Money Market
- Capital Market
- Primary market
- Capital Market
- Money Market Instruments
- T-Bills- types and features
- Commercial Paper
- Certificate of Deposit
- Commercial Bills
- Call/notice money market
- CBLO
- Primary Market
- Book building
- ASBA
- Anchor investor
- Green shoe option
- IPOs and FPOs
- IDRs and GDRs
- Qualified Institutional Placement
- ECBs, FCCBs, Euro issue
- Secondary Market
- Functions
- Listing and de-listing
- Important SEBI regulations
- Stock Exchanges
- Derivatives
- Forwards
- Futures
- Options
- Exchange traded vs OTC
- Government Securities Debt Market
- Forex Markets
- Financial Institutions
- RBI
- SEBI
- IRDA
- PFRDA
- SIDBI
- EXIM
- IDFC
- EXIM
- NABARD
- Banking In India
- Functions
- Scheduled Commercial Banks- PSBs, private banks and foreign banks
- Important terminology used in banking sector- SLR, CRR, NPA, CAR, Basel Norms
- Cooperative Banking
- NBFCs
- SARFAESI Act
- Monetary and Fiscal Policy
- Money laundering and KYC
- Important Changes in the Financial sector
- Disinvestments
- Financial Inclusion- important milestones
- Use of technology in financial sector
- Alternate sources of finance- Bitcoins, Crowdfunding
- Corporate Governance in Financial Sector
- The Union Budget
- Economic Survey
- Key financial indicators- inflations (WPI and CPI), GDP rate, IIP rate etc
Visit the following sites regularly and make notes of the FAQs and notifications (last 6 months)
- RBI
- SEBI
- IRDA
Insurance Knowledge or Insurance Awareness Topics
- Insurance Introduction – features and working
- Life Insurance- History and Evolution
- LIC
- General Insurance – History and Evolution
- GIC
- Important Insurance Companies-
- New India Assurance Company Limited
- United India insurance company limited
- Oriental Insurance Company Limited
- National Insurance Company Limited
- Agriculture Insurance Company of India Limited
- Private Life Insurance Compnaies
- Use of Insurance as a tool to manage risk
- Features of an Insurance Contract
- Insurance and social security
- Human Life Value
- Mutuality and Diversification
- Principles of Life Insurance
- Elements of an insurance contract
- Insurance Pricing- basics
- Documentation at various stages
- Traditional Life Insurance products-
- Term Insurance
- Whole Life Insurance
- Endowment insurance
- Variants
- Non- Traditional Life Insurance products-
- Universal Life insurance
- Variable insurance
- ULIPs
- Annuity- types and features
- Underwriting
- Claims- Types and procedures
- Selling Process
- Customer Service
- Health Insurance- basics
- Motor Insurance- basics
- Property Insurance Basics
- Married Women’s Property Act
- Important terminology
- Grievance Redressal Mechanism
- Regulatory aspects
- IRDA
- Ombudsman
- IRDA Act 1999
- Insurance Laws (Amendment) Act 2015
- Important committees
- Government schemes-
- Pradhan Mantri Fasal Bima Yojana
- Pradhan Mantri Suraskha Bima Yojana
- Rashtriya Swasthya Bima Yojana
- Employment State Insurance Scheme
- Central Government health scheme
- Aam Aadmi Bima Yojana
- Janashree Bima Yojana
- Universal Health Insurance scheme
- Important LIC life insurance schemes
- Latest developments in life insurance – 6 months CAF
- Important technological changes in insurance
Points to Remember for LIC AAO 2025 Insurance & Financial Awareness Preparation
This section plays a key role in Improve your overall Mains score. Focus on important insurance concepts, recent financial updates, and government schemes for effective preparation.
- Avoid going too deep into every topic. Focus on the most relevant areas within insurance and the financial market, especially current affairs from the last 6 months.
- Insurance needs more attention than other areas. Prepare thoroughly on basic terms, definitions, regulations, and grievance redressal mechanisms used in the industry.
- Give special focus to insurance schemes launched in the past 4 years, especially those introduced by LIC. Understand each scheme’s purpose, benefits, and eligibility clearly.
- Cover topics like insurance committees, key insurance companies, and important government decisions such as FDI policies in insurance. Also, study relevant content from the Union Budget and Economic Survey.
- Go through monthly economic capsules from trusted sources to keep up with financial news and trends in a simplified manner.
- Visit and revise FAQs and latest updates from the official websites of RBI, SEBI, and IRDAI. These sites often publish real exam-relevant content.
- Read and revise the latest Economic Survey, Union Budget highlights, and major financial schemes announced by the central and state governments.
Best Book For LIC AAO Insurance and Financial Awareness Preparation:
| Book Name | Author/Publication |
| Indian Financial System | Bharati V Pathak |
| Financial Awareness for Competitive Exams | Disha Publication |
| Disha Publication | Pratiyogita Darpan |
Bottom Line:
This above given list is not exhaustive but yet can be considered as a good start for your LIC AAO 2025 Exam Preparations. Go through them and prepare well for Insurance Awareness for LIC AAO. Hope this information’s will help you ace insurance and financial awareness section in LIC AAO.
Do not miss this opportunity as this is the best trade-off of quality and price. Enroll for it below:
Insurance Awareness Preparation for LIC AAO Frequently Asked Questions:
Ans. LIC AAO exam is considered difficult to crack. But with proper study plan and strategy on can clear this exam easily.
Ans. Absolutely, they boost speed, accuracy, and help with exam-like practice.
Ans. There is no limits on the number of attempts a candidate can take.
Ans. The selection process of LIC AAO involves three stages
Prelims
Mains
Interview
Ans. Focus on insurance basics, IRDAI updates, financial institutions, and government schemes.
Ans. Yes, especially last 6 months of insurance, RBI, SEBI, and financial market updates.
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