LIC ADO Interview Questions 2023, Download PDF

LIC ADO Interview Questions

The LIC ADO (Apprentice Development Officer) interview is a crucial step in the selection process for candidates aspiring to work with the Life Insurance Corporation of India (LIC). This interview serves as an opportunity for LIC to assess the candidate’s suitability for the role of an Apprentice Development Officer, which involves various responsibilities such as promoting and selling insurance policies, recruiting and training agents, and providing guidance and support.

During the LIC ADO interview, candidates can expect a range of questions that assess their knowledge of the insurance industry, understanding of the LIC’s objectives, and their ability to handle the challenges of the role. The interview panel may consist of experienced professionals from the insurance sector, senior managers, and HR personnel.

Candidates should be well-prepared to showcase their communication skills, interpersonal abilities, sales acumen, and problem-solving capabilities. It is crucial to demonstrate a strong understanding of insurance products, industry trends, and the role of an ADO within LIC. Candidates should also highlight their achievements, past experiences, and educational qualifications relevant to the position.

Additionally, candidates should display a positive attitude, confidence, and a willingness to learn and adapt. They should emphasize their ability to work in a team, meet targets, handle objections, and provide excellent customer service.

To excel in the LIC ADO interview, candidates should thoroughly research LIC, its policies, and its market position. They should also practice answering commonly asked questions and be prepared to provide examples from their previous experiences that highlight their skills and suitability for the role.

By demonstrating their knowledge, skills, and passion for the insurance industry, candidates can increase their chances of succeeding in the LIC ADO interview and securing a rewarding career with LIC.

LIC ADO Interview Questions 2023

1. Tell me about yourself.
2. What is your understanding of Life Insurance?
3. Why did you apply for the LIC ADO position?
4. Where is the Corporate Office/Headquarters of LIC located?
5. Can you mention some objectives of LIC?
6. How would you explain who can buy a policy?
7. What is the role of LIC ADO/AAO?
8. How many types of insurance companies are there?
9. Could you provide some information about General Insurance Companies?
10. What do you know about Life Insurance Company?
11. How would you suggest improvements for our product/company?
12. Why do you believe you are the best person for this position?
13. Why is it important to have Life Insurance?
14. What does the term “Insurance” mean?
15. What are the major types of Insurance?
16. How many types of Insurance Companies exist?
17. What is the role of a Development Officer?
18. What is the difference between Life Insurance and Life Assurance?
19. Name different categories of life insurance products.
20. Can you explain Term Insurance Policies?
21. What do you understand about Endowment Policies?
22. Could you describe money-back policies?
23. Which policies are similar to mutual funds?
24. Can you comment on Pension Policies?
25. Who can buy an Insurance Policy?
26. What are the objectives of LIC?
27. When was LIC of India established?
28. What is the Foreign Direct Investment (FDI) limit in the Insurance Sector?
29. What are the duties, powers, and functions of IRDA?
30. Who is the Chairman of LIC?
31. Who is the Chairman of IRDA?
32. How would you differentiate between marketing and sales?
33. Where is the Corporate Office/Headquarters of LIC located?
34. What do you know about ADO?
35. Who can buy a policy?
36. Can you mention some of the objectives of LIC?
37. How do you perceive the role of a Development Officer as a career?
38. How would your field experience be useful in performing this job?
39. Can you tell us about your educational qualifications?
40. What do you understand about the Development Officer job?
41. How do your qualifications assist you in fulfilling the duties of a Development Officer?
42. Why do you want to join LIC as an ADO?
43. What is the difference between with-profit and without-profit plans?
44. What is the role of a Development Officer?
45. What is Keyman Insurance?
46. What is IRDA?
47. What are the functions of IRDA?
48. Why should we hire you?
49. What are your strengths and weaknesses?
50. How do you differentiate between confidence and overconfidence?
51. What is the difference between hard work and smart work?
52. Are you willing to relocate or travel for this position?
53. How do you handle working under pressure?
54. What motivates you for this job?
55. Can you share some of your outside interests or hobbies?
56. How do you feel about working nights and weekends, if required?
57. Can you describe the toughest decision you have ever had to make?
58. Where do you see yourself in five years from now?
59. According to your definition of success, how successful have you been so far?
60. Why do you want a job in a Government Bank when you could get a better salary in private jobs?
61. What do you mean by Insurance Coverage?
62. How would you define a premium in insurance?
63. What is the difference between an insurer and insured?
64. Who is the beneficiary in an insurance policy?
65. Can you explain the concept of the contestable period in an insurance policy?
66. What is the difference between a “revocable beneficiary” and an “irrevocable beneficiary”?
67. What is a no-claim bonus in insurance?
68. How would you define the “declaration page” in an insurance policy?
69. What does “Loss Payee” refer to in insurance?
70. Can you explain the concept of a “deductible” in insurance?

LIC ADO Interview Questions and Answers