100+ LIC AAO Interview Questions 2023, Check Now

LIC AAO Interview Questions

The LIC AAO (Assistant Administrative Officer) interview is an important stage in the selection process for candidates aspiring to join the Life Insurance Corporation of India. The interview panel assesses the candidate’s suitability for the role and evaluates their knowledge, skills, and attitude. Some common LIC AAO interview questions for 2023 may include inquiries about the candidate’s motivation for joining LIC, their understanding of the insurance industry, problem-solving abilities, leadership skills, customer service orientation, and their knowledge of financial and insurance products. Additionally, questions related to the candidate’s educational background, work experience, and personal achievements may also be asked to gain a comprehensive understanding of their suitability for the position.

LIC AAO Interview Questions 2023

  1. Why do you want to work at LIC?
  2. What are the other job roles available at LIC in the country?
  3. Can you explain the different types of insurance policies?
  4. What types of insurance policies are offered by LIC?
  5. Are LIC policies commonly used by people for tax-saving purposes?
  6. How can your skills be useful to LIC?
  7. Can you provide some information about your educational background?
  8. What is an insurer?
  9. How would you define the terms “underwriting,” “sales,” and “agent”?
  10. How many private life insurance companies are there in India?
  11. Which private life insurance company is considered to be on top among them?
  12. Can you name some public general insurance companies?
  13. How many private general insurance companies are there in India?
  14. Why are you interested in working at LIC?
  15. Why should LIC consider hiring you?
  16. What are your strengths and weaknesses?
  17. What is the difference between confidence and overconfidence?
  18. Can you explain the difference between hard work and smart work?
  19. Are you willing to relocate or travel for the job?
  20. Can you work effectively under pressure?
  21. What motivates you to pursue this job?
  22. What are your interests outside of work?
  23. How do you feel about working nights and weekends?
  24. What was the toughest decision you ever had to make?
  25. Where do you see yourself in 5 years from now?
  26. According to your definition of success, how successful have you been so far?
  27. Why are you interested in a job at a Government Institution when you can potentially earn a better salary in private jobs?
  28. What are your career goals?
  29. What do you think is the reason for the current fall of the Indian economy?
  30. What could be the reason for the sudden slump in the value of rupee and bourses?
  31. Can you explain what quasi-sovereign bonds are?
  32. What do you know about the Planning Commission and its Chairman?
  33. How can social media be effectively used for marketing?
  34. What is the relationship between e-commerce and social media?
  35. Can you explain what a media trial is?
  36. What are the requirements for insurance?
  37. Who is considered a policyholder?
  38. How would you define indemnity in the context of insurance?
  39. Can you explain what a contract is?
  40. What is your favorite game?
  41. Do you explain who can purchase a policy?
  42. Where is the corporate office of LIC located?
  43. What are some of the objectives of LIC?
  44. When did LIC of India come into existence?
  45. How does your field experience contribute to performing this job effectively?
  46. In what ways are your qualifications beneficial in carrying out the duties of a Development Officer?
  47. Can you provide some insights into this job’s responsibilities?
  48. How would you differentiate between marketing and sales?
  49. What are the different types of insurance coverage?
  50. Can you define insurance coverage in simple terms?
  51. What is a premium in the context of insurance?
  52. Who is considered an insured in insurance terminology?
  53. Who is the beneficiary in an insurance policy?
  54. What is the contestable period in an insurance policy?
  55. What is the difference between a “revocable beneficiary” and an “irrevocable beneficiary”?
  56. What is a no-claim bonus?
  57. In an insurance policy, what does the “declaration page” refer to?
  58. What is meant by “Loss Payee” in insurance?
  59. Define “deductible” in insurance terms.
  60. Can you explain what co-insurance means in insurance?
  61. What does the term “annuity” mean in the context of insurance?
  62. How would you define the surrender value of an insurance policy?
  63. What is the paid value in insurance?
  64. Is it advisable to replace an existing policy with another policy?
  65. Can you explain the process of claiming an insurance policy?
  66. What happens if a policyholder fails to make the required premium payments?
  67. Is it safe to pay the premium through an insurance agent?
  68. Is it possible to receive a full payment on canceling a new policy during the free look period?
  69. What is the difference between a participating and non-participating policy?
  70. Is it possible to restrict the premium payment for a shorter duration than the policy’s overall duration?
  71. Can a beneficiary claim a policy if the insured person has been missing or disappeared for several years?
  72. What is a “schedule of loss” in home insurance?
  73. How does “all perils” coverage differ from “specified perils” coverage in home insurance?
  74. What does “PLPD” insurance stand for?
  75. What is the difference between “single limit liability” coverage and “split liability coverage”?
  76. What is “gap insurance”?
  77. Define “personal accident cover” in insurance.
  78. What is third-party insurance?
  79. Can you explain what “group life” insurance is?
  80. What is an “endowment policy”?
  81. What is the elimination period in insurance?
  82. What do you know about term life insurance?
  83. Define general life insurance.
  84. What does “cash value” refer to in insurance?
  85. Can you explain the concept of subrogation in insurance?
  86. Can you share something important to you?
  87. What are the obligations and elements of the Insurance Regulatory and Development Authority (IRDA)?
  88. What is the Foreign Direct Investment (FDI) limit in the insurance sector?
  89. What are some of the destinations served by LIC?
  90. What role does a Development Officer play in LIC?
  91. Can you provide information about Schedule 6?
  92. What are the current tax exemption limits?
  93. How do you handle criticisms?
  94. Why do you believe you will succeed in this job?
  95. What motivates you to do your best while working?
  96. In your opinion, what is more important, work or money?
  97. How will you compensate for your lack of experience?
  98. Would you prefer to lead or follow?
  99. Describe your management style.
  100. Can you explain the concept of underwriting in insurance?
  101. What is the role of a salesperson in the insurance industry?
  102. What are the key responsibilities of an insurance agent?
  103. How many private life insurance companies are there in India?
  104. Which private life insurance company is currently ranked at the top?
  105. Name some public sector general insurance companies in India.
  106. How many private sector general insurance companies exist in India?
  107. Why do you specifically want to work for LIC?
  108. What qualities or skills make you a suitable candidate for this position at LIC?
  109. What are your strengths and weaknesses in relation to this job?
  110. Can you explain the difference between confidence and overconfidence?

LIC AAO Interview Questions – FAQs

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Q2. How many LIC AAO Interview Questions in this article?

Ans. There is 100+ LIC AAO Interview Questions available in this article.


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