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How to Prepare for Insurance Awareness for LIC AAO 2019?

Insurance Awareness for LIC AAO

Insurance & Financial Market Awareness is a separate section in the Mains or Phase II of LIC AAO 2019 Examination. This section carries 60 marks with a total of 30 questions asked. As it is the Phase II exam, it becomes very important to score high in this phase and this particular section can help you a lot in increasing your overall score. It is therefore advisable to prepare for this section thoroughly so that you do not miss out on any mark. In this blog we will be telling as to how you can go about your preparation for Insurance Awareness for LIC AAO 2019 Exam.

Also Read: How to Prepare for LIC AAO Exam – LIC AAO Prelims Preparation Tips

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Phase-II: Main Exam Pattern (For Generalist)

Without further ado let’s look at the Phase II or Mains Exam Pattern for LIC AAO 2019 Exam below:

Name of Tests No. of Questions Maximum Marks Medium of Exam Minimum Qualifying Marks Duration
SC/ST Others
Reasoning Ability 30 90 English & Hindi 40 45 40 minutes
General Knowledge & Current Affairs 30 60 English & Hindi 27 30 20 minutes
Data Analysis & Interpretation 30 90 English & Hindi 40 45 40 minutes
Insurance & Financial Market Awareness 30 60 English & Hindi 27 30 20 minutes
Total 120 300 2 Hours
Descriptive English (Letter Writing & Essay) 2 25 English 9 10 30 Minutes

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

Insurance Awareness for LIC AAO 2019 – How to Prepare?

First of all let us discuss topics that need to be studied under the Insurance Awareness section for LIC AAO 2019 Exam.

  1. Introduction to the Insurance Sector
  2. History of Life Insurance in India
  3. History of General Insurance in India
  4. Types of Insurances in India
  5. Know About IRDAI (Insurance Regulatory & Development Authority of India)
  6. A Brief about Insurance Ombudsman
  7. Abbreviations related to Insurance Industry
  8. Brief of Bancassurance
  9. Brief of Indian Insurance Market
  10. Glossary of Insurance Terms
  11. Important Government Insurance Schemes
  12. Insurance Current Affairs (Atleast 6 Months)
  13. Private Sector Insurance Companies
  14. Public Sector Insurance Companies
  15. ULIP (Unit Linked Insurance Plan)
  16. Other Important Topics Related to Insurance Awareness
  17. Insurance penetration in India
  18. FAQs on the website of Life Insurance Corporation (LIC) of India
  19. You should read the FAQs given on websites of RBI, SEBI, IRDAI etc.
  20. Union Budget 2019
  21. Static Insurance Awareness

 

This above given list is not exhaustive but yet can be considered as a good start for your LIC AAO 2019 Exam Preparations. Go through them and prepare well for Insurance Awareness for LIC AAO.

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