LIC AAO vs SBI PO – Which is a better Post?

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LIC AAO Vs SBI PO: In this blog, we are going to do a Comparative study of LIC AAO vs SBI PO. LIC has released the LIC AAO 2019 Recruitment Notification. Following are the points which are going to be covered for both of these posts in our blog. This study will help you understand the best option to choose between the 2 postsSBI PO and LIC AAO.

SBI PO MRD
  1. SELECTION PROCESS
  2. JOB PROFILE
  3. SALARY PROVIDED
  4. CAREER GROWTH
  5. WORK PRESSURE
  6. POSTING/TRANSFER
  7. BOND
CATEGORY: SBI POLIC AAO
JOB PROFILEPublic DealingClient Interaction, Auditing and Analyzing and Policy Making
POSTINGUrban/RuralUrban
PROMOTIONSFrequentAfter 5-8 years
TRANSFERFrequentAfter 3-5 years
EXAMINATION TYPEOnline: Prelims + MainOnline : Prelims + Main
BOND3 Years
4 years Bond

LIC AAO vs SBI PO – SELECTION PROCEDURE

SBI POLIC AAO
SBI PO is an Objective type of examination with a Descriptive Test in the Main Exam

 

It consists of around 2 stages of the selection procedure. They are:

a) Preliminary Examination

b) Main Examination + Descriptive Test

LIC AAO is an Objective type of examination with a Descriptive Test in the Main Exam

 

The selection process will have 2 stages They are:

a) Preliminary Examination

b) Main Examination + Descriptive Test

 A detailed Exam pattern of the SBI PO and LIC AAO Exam is as follows:

SBI PO Exam Pattern

SBI PO Preliminary Exam

Serial NumberName of sectionNumber of questions in the sectionMarks allotted for the section
1English Language3030
2Quantitative Aptitude3535
3Reasoning Ability3535
 Total100100

SBI PO Main Exam

Serial NumberName of the sectionNumber of questions asked in the sectionMarks allotted to the section
1English language3540
2Data Analysis and Interpretation3560
3Reasoning Ability and Computer Aptitude4560
4General Awareness (special reference to banking industry)4040
 Total155200 marks

The Main exam includes an Objective test of 3 hours duration for 200 marks, followed by a descriptive test for 25 marks. The objective test has four sections and the candidates are allotted separate timing for each section.

Descriptive test: The descriptive test is after the completion of the objective test. The test is held online and candidates are required to answer by typing on the computer. The test is allotted a total of 30 minutes and 25 marks. Candidates are tested for English Language (Letter writing & essay) and are required to qualify by obtaining passing marks, to be decided by the bank.

LIC AAO Exam Pattern:

Following is the LIC AAO Exam Pattern for the Prelims Exam (For All posts)

Name of TestNo. of QuestionsMaximum MarksDuration
Reasoning Ability353520 Minutes
Quantitative Aptitude353520 Minutes
English Language303020 Minutes
Total100701 Hour

Note: The Test of English in the Prelims Phase is qualifying in nature and will not be considered for calculating ranking in the prelims exam.

The medium of the exam would be both Hindi and English, except for the English section. It will only be available in English

Following is the LIC AAO Exam Pattern for the Main Exam (For Generalist post)

Name of TestsNo. of QuestionsMaximum MarksDuration
Reasoning Ability309040 minutes
General Knowledge & Current Affairs306020 minutes
Data Analysis & Interpretation309040 minutes
Insurance & Financial Market Awareness306020 minutes
Total1203002 Hours
Descriptive English (Letter Writing & Essay)22530 Minute

Note: The Test of English in the Prelims Phase is qualifying in nature and will not be considered for calculating ranking in the prelims exam.

The medium of the exam would be both Hindi and English, except for the English section. It will only be available in English

LIC AAO vs SBI PO – JOB PROFILE :

SBI POLIC AAO
  • Working upon daily customer transactions, passing a cheque, draft issuance, cash management etc.
  • Working as a public relations officer, handle customer complaints and address various customer related issues
  • Supervision of clerical work, taking decisions for the benefit of the bank, managing cash balance
  • Verifying all the work done by bank clerk. Taking care of the loan related documents and performs on site visit of the loan taking parties as and when required.
  • Issuing of ATM cards, cheque books, Demand Drafts etc.

 

  • Query Resolution of Clients
  • Analyzing and Auditing old policies etc.
  • Processing Policy Claims of the customers
  • Planning and Creating new Policies to attract new customers
  • Overlooking Inter-departmental co-ordination related to claims processing.

LIC AAO vs SBI PO – SALARY and PERKS PROVIDED:

One of the major reasons for anyone to be interested in the SBI PO or LIC AAO posts is the lucrative Salary of these posts. Following tables gives the details of the SBI PO Salary and LIC AAO Salary.

SBI POLIC AAO
  • According to the official notification, the salary of SBI PO will be Rs. 7.55 Lakhs (minimum) to Rs. 12.93 lakhs (maximum) per annum. Also, the salary of Bank employees are revised after every 5 years.

Following are the perks provided with SBI PO Salary -:

  1. Contribution Pension Scheme/New Pension Scheme
  2. Medical Aid for self (100%) and for family (75%)
  3. LTC
  4. Home Travel Concession/ Leave Fare Concession
  5. Concessional interest rates for Housing/Car/Personal Loans
  1. Basic pay of Rs. 32795/- per month in the scale of Rs. 32795–1610(14)–55335–1745(4)–62315 and other admissible allowances as per rules.
  2. Total Monthly  comes to approximately Rs 56,000/- per month in ‘A’ Class city.

Following are the perks provided with LIC AAO Salary -:

  1. Defined Contributory Pension
  2. Special Allowance for passing Actuarial Examination
  3. Gratuity
  4. LTC,
  5. Cash Medical Benefit
  6. Group Mediclaim
  7. Group Personal Accident Insurance
  8. Group Insurance
  9. Vehicle Loan (2-wheeler/4-wheeler) as per rules.
  10. Mobile Expenses

LIC AAO vs SBI PO – PROMOTION & CAREER GROWTH:

Promotions and Career Growth is another important factor that people think about before applying for any post. In the following table, the details of the promotion and career growth for SBI PO and LIC AAO are given

SBI-POLIC AAO
Following is the promotion ladder the a PO can climb in SBI -:

 

  1. PO/AM
  2. Deputy Manager
  3. Manager
  4. Chief Manager
  5. Asst General Manager
  6. Deputy General Manager
  7. General Manager
  8. Chief General Manager
  9. Deputy Managing Director
Following is the promotion ladder which the an AAO can climb in LIC -:

 

  1. LIC AAO
  2. ADM
  3. DM
  4. ZM

LIC AAO vs SBI PO – WORK PRESSURE:

“With great power, comes great responsibilities”

lic aao topper
SBI POLIC AAO
The Work Pressure is high for a PO. He has to constantly work for bringing in new customers and increasing profits.The Work Pressure is very less as compared to bank PO. This is because of the very limited direct interaction with customers.

LIC AAO vs SBI PO – POSTING/TRANSFER:

SBI POLIC AAO
Transfers happen every 2 to 3 years.

 

Can be transferred to Rural or Urban Areas

Transfers happen every 3 to 5 years.

 

Transfers are done mostly in urban cities and towns.

LIC AAO vs SBI PO – BOND:

SBI POLIC AAO
There is a Bond of 3 years for an SBI PO.LIC AAO has to sign a 4 years bond.

 

IF anyone wants to leave LIC during the bond period, then they are liable to pay ₹2,00,000.

Conclusion

That is all from us in this blog – LIC AAO vs SBI PO: Which is Better? As per the above info, we believe both posts have their own advantages and very few disadvantages. In the end, it is up to the candidate, what are his/her preferences. All the best for your Exam preparation.



Frequently Asked Questions

What is the bond period for SBI PO?

SBI PO has a bond of three years after joining.

Which post has the most work pressure, LIC AAO or SBI PO?

SBI PO has comparatively more work pressure than SBI PO.

Which one is better, SBI PO or LIC AAO for a career?

To know the details read the blog and decide the best career for yourself.

Which of both posts has more frequent promotions in a shorter period?

SBI PO has comparatively more frequent promotions than LIC AAO.


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