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

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. Read the details here. Following are the points which are going to be covered for both these posts in our blog. This study will help you understand the best option to choose between the 2 post – SBI PO and LIC AAO.

  1. SELECTION PROCESS
  2. JOB PROFILE
  3. SALARY PROVIDED
  4. CAREER GROWTH
  5. WORK PRESSURE
  6. POSTING/TRANSFER
  7. BOND

Read about LIC AAO Mock tests here

CATEGORY:  SBI PO LIC AAO
JOB PROFILE Public Dealing Client Interaction, Auditing and Analyzing and Policy Making
POSTING Urban/Rural Urban
PROMOTIONS Frequent After 5-8 years
TRANSFER Frequent After 3-5 years
EXAMINATION TYPE Online: Prelims + Main Online : Prelims + Main
BOND 3 Years
4 years Bond

 

LIC AAO vs SBI PO – SELECTION PROCEDURE:

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

It consists of around 2 stages of 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 SBI PO and LIC AAO Exam is as follows:

SBI PO Exam Pattern

SBI PO Preliminary Exam

Serial Number Name of section Number of questions in the section Marks allotted for the section
1 English Language 30 30
2 Quantitative Aptitude 35 35
3 Reasoning Ability 35 35
Total 100 100

 

SBI PO Main Exam

Serial Number Name of the section Number of questions asked in the section Marks allotted to the section
1 English language 35 40
2 Data Analysis and Interpretation 35 60
3 Reasoning Ability and Computer Aptitude 45 60
4 General Awareness (special reference to banking industry) 40 40
Total 155 200 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 Test No. of Questions Maximum Marks Duration
Reasoning Ability 35 35 20 Minutes
Quantitative Aptitude 35 35 20 Minutes
English Language 30 30 20 Minutes
Total 100 70 1 Hour

Note: The Test of English in the Prelims Phase is qualifying in nature and will note 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 Tests No. of Questions Maximum Marks Duration
Reasoning Ability 30 90 40 minutes
General Knowledge & Current Affairs 30 60 20 minutes
Data Analysis & Interpretation 30 90 40 minutes
Insurance & Financial Market Awareness 30 60 20 minutes
Total 120 300 2 Hours
Descriptive English (Letter Writing & Essay) 2 25 30 Minute

Note: The Test of English in the Prelims Phase is qualifying in nature and will note 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 PO LIC 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 PO LIC 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 which people think about before applying for any post. In the following table, the details of promotion and career growth for SBI PO and LIC AAO are given

SBI-PO LIC AAO
Following is the promotion ladder which 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”

SBI PO LIC 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 because of the very limited direct interaction with customers.

 

LIC AAO vs SBI PO – POSTING/TRANSFER:

 

SBI PO LIC 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 PO LIC AAO
There is a Bond of 3 years for a 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.

 

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

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