{"id":227648,"date":"2025-09-12T03:54:43","date_gmt":"2025-09-11T22:24:43","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=227648"},"modified":"2025-09-26T04:06:15","modified_gmt":"2025-09-25T22:36:15","slug":"insurance-features-and-working","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/","title":{"rendered":"Insurance: Features, Working &amp; Issues Explained for LIC AAO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#What_is_Insurance\" >What is Insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#History_of_Insurance_in_India\" >History of Insurance in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#How_Does_Insurance_Work_in_India\" >How Does Insurance Work in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Popular_Insurance_Companies_in_India\" >Popular Insurance Companies in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Features_of_Insurance_in_India\" >Features of Insurance in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Working_of_Insurance_Agencies_in_India\" >Working of Insurance Agencies in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Other_Issues_Related_to_Insurance_in_India\" >Other Issues Related to Insurance in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Why_is_this_Important_for_LIC_AAO_Aspirants\" >Why is this Important for LIC AAO Aspirants?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>Insurance Features and Working<\/strong>: Insurance plays a very important role in India\u2019s financial system, as it provides protection against risk and uncertainty. For a developing country like India, insurance not only safeguards individuals and families but also supports economic stability by mobilizing long-term savings. For LIC AAO aspirants, understanding the concept, features, and working of insurance is essential because it forms the core of their professional responsibilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-insurance\"><span class=\"ez-toc-section\" id=\"What_is_Insurance\"><\/span>What is Insurance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance is a legal contract between two parties\u2014the insurer and the insured. The insurer promises to compensate the insured for a loss, damage, or death in exchange for a premium. In simple words, it is a way to transfer financial risk from an individual or business to an insurance company. By paying a small premium, a person gains financial protection against uncertain events.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-history-of-insurance-in-india\"><span class=\"ez-toc-section\" id=\"History_of_Insurance_in_India\"><\/span>History of Insurance in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The history of insurance in India dates back to the early 19th century. The first life insurance company in India was the Oriental Life Insurance Company established in 1818 in Calcutta. However, the industry was largely unregulated until the Life Insurance Corporation of India (LIC) was formed in 1956 by merging 245 private insurers. This was a turning point as LIC became the sole provider of life insurance for decades. In 2000, the sector was liberalized with the establishment of the Insurance Regulatory and Development Authority of India (IRDAI), allowing private companies to enter the market. Today, both public and private insurers operate in India.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/lic-aao-mock-test\/?ref=conttm-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt a free LIC AAO Mock test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-insurance-work-in-india\"><span class=\"ez-toc-section\" id=\"How_Does_Insurance_Work_in_India\"><\/span>How Does Insurance Work in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The working of insurance in India is based on the principle of \u201cpooling of risk.\u201d A large number of people pay premiums to the insurer, and this pooled money is used to compensate those who face a loss. The basic steps are:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Proposal<\/strong> \u2013 The customer fills out a proposal form giving details of risk (like age, health, or business details).<\/li>\n\n\n\n<li><strong>Underwriting<\/strong> \u2013 The insurer evaluates the risk and decides whether to provide coverage and at what premium.<\/li>\n\n\n\n<li><strong>Policy Issuance<\/strong> \u2013 Once accepted, the insurance contract (policy) is issued.<\/li>\n\n\n\n<li><strong>Premium Payment<\/strong> \u2013 The insured pays regular premiums as per the contract.<\/li>\n\n\n\n<li><strong>Claim Settlement<\/strong> \u2013 In case of loss, the insured files a claim, and the insurer verifies and settles it.<\/li>\n<\/ol>\n\n\n\n<p>This process ensures financial security for policyholders while maintaining sustainability for insurance companies.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/lic-aao-generalist-complete-batch-prelimsmains-2025-hinglish-1880\/?ref=conttm-aib\" target=\"_blank\" rel=\"noreferrer noopener\">enrol in an expert-led lIC AAO Course for your preparation<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-popular-insurance-companies-in-india\"><span class=\"ez-toc-section\" id=\"Popular_Insurance_Companies_in_India\"><\/span>Popular Insurance Companies in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These companies offer a wide range of life, health, and general insurance products to customers. Some of the major insurance companies in India are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Life Insurance Corporation of India (LIC)<\/strong> \u2013 The largest and oldest life insurer.<\/li>\n\n\n\n<li><strong>General Insurance Corporation of India (GIC Re)<\/strong> \u2013 The only reinsurance company in India.<\/li>\n\n\n\n<li><strong>ICICI Prudential Life Insurance<\/strong><\/li>\n\n\n\n<li><strong>HDFC Life Insurance<\/strong><\/li>\n\n\n\n<li><strong>SBI Life Insurance<\/strong><\/li>\n\n\n\n<li><strong>New India Assurance Company<\/strong> (general insurance)<\/li>\n\n\n\n<li><strong>United India Insurance<\/strong> (general insurance)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-features-of-insurance-in-india\"><span class=\"ez-toc-section\" id=\"Features_of_Insurance_in_India\"><\/span>Features of Insurance in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance in India not only provides financial security but also promotes long-term savings and investments. Many life insurance policies combine protection with wealth creation, making them popular among families. Additionally, tax benefits on premiums further encourage people to buy insurance as part of their financial planning.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Risk Coverage<\/strong> \u2013 Provides protection against financial loss due to death, accident, illness, or damage.<\/li>\n\n\n\n<li><strong>Premium-Based Contract<\/strong> \u2013 The insured pays a premium, which is the cost of transferring risk.<\/li>\n\n\n\n<li><strong>Legal Contract<\/strong> \u2013 Governed by the Insurance Act and regulated by IRDAI.<\/li>\n\n\n\n<li><strong>Pooling of Risk<\/strong> \u2013 Many people contribute to a common pool, which helps compensate those facing loss.<\/li>\n\n\n\n<li><strong>Savings and Investment Element<\/strong> \u2013 Many life insurance policies also act as long-term savings and investment instruments.<\/li>\n\n\n\n<li><strong>Regulated Industry<\/strong> \u2013 All insurance companies must follow IRDAI rules to ensure transparency and customer protection.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/lic-aao-previous-year-paper\/?ref=conttm-aib\" target=\"_blank\" rel=\"noreferrer noopener\">solve previous year&#8217;s LIC AAO Papers<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-working-of-insurance-agencies-in-india\"><span class=\"ez-toc-section\" id=\"Working_of_Insurance_Agencies_in_India\"><\/span>Working of Insurance Agencies in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance agencies play a vital role in distributing policies. Insurance agencies not only sell policies but also help in after-sales services like premium reminders, claim assistance, and policy renewals. The key points are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Agents and Advisors<\/strong> \u2013 They act as intermediaries between insurance companies and customers.<\/li>\n\n\n\n<li><strong>Banking Channels (Bancassurance)<\/strong> \u2013 Banks partner with insurers to sell policies.<\/li>\n\n\n\n<li><strong>Online Platforms<\/strong> \u2013 Growing digital platforms allow customers to compare and buy policies easily.<\/li>\n\n\n\n<li><strong>Corporate Agents and Brokers<\/strong> \u2013 These entities provide multiple product options and advisory services.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Also Read<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insurance Features and Working<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.oliveboard.in\/blog\/life-insurance-history-and-evolution\/\" target=\"_blank\" rel=\"noreferrer noopener\">Life Insurance: History and Evolution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.oliveboard.in\/blog\/insurance-companies-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insurance Companies in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.oliveboard.in\/blog\/insurance-concepts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insurance Concepts<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-issues-related-to-insurance-in-india\"><span class=\"ez-toc-section\" id=\"Other_Issues_Related_to_Insurance_in_India\"><\/span>Other Issues Related to Insurance in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Despite growth, the insurance sector faces issues like low awareness, mis-selling, and delays in claim settlement. Many people still see insurance only as an investment rather than risk protection. To improve trust, insurers must focus on transparency, better customer service, and wider rural reach.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Low Penetration<\/strong> \u2013 Insurance penetration in India is still lower compared to global standards.<\/li>\n\n\n\n<li><strong>Awareness Issues<\/strong> \u2013 Many people lack awareness about the importance of insurance.<\/li>\n\n\n\n<li><strong>Frauds and Mis-Selling<\/strong> \u2013 Misleading practices by agents sometimes create mistrust.<\/li>\n\n\n\n<li><strong>Rural Reach<\/strong> \u2013 Though improving, insurance coverage in rural areas is still limited.<\/li>\n\n\n\n<li><strong>Technological Advancements<\/strong> \u2013 The use of digital tools and AI is changing claim settlement and fraud detection.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-this-important-for-lic-aao-aspirants\"><span class=\"ez-toc-section\" id=\"Why_is_this_Important_for_LIC_AAO_Aspirants\"><\/span>Why is this Important for LIC AAO Aspirants?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For LIC AAO aspirants, having a strong understanding of insurance is necessary because the job role involves policy servicing, customer handling, and working closely with insurance products. Knowledge of the features, working process, and challenges of the insurance sector helps in both the exam and practical job responsibilities. Since LIC is the largest insurer in India, aspirants are expected to be well-versed in the insurance industry\u2019s basics as well as its advanced nuances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\"><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Insurance is a financial tool to manage risk and uncertainty.<\/li>\n\n\n\n<li>It works on the principle of pooling of risk and premium contribution.<\/li>\n\n\n\n<li>LIC has been the backbone of India\u2019s life insurance sector since 1956.<\/li>\n\n\n\n<li>The industry is regulated by IRDAI and has both public and private players.<\/li>\n\n\n\n<li>Features include risk coverage, savings, legal contracts, and regulated operations.<\/li>\n\n\n\n<li>Agencies, banks, and online platforms are the key distribution channels.<\/li>\n\n\n\n<li>Awareness, rural penetration, and fraud prevention remain challenges.<\/li>\n\n\n\n<li>For LIC AAO aspirants, deep knowledge of insurance is critical for exams and professional duties.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Q1. What is the basic meaning of insurance in India?<\/strong><br>Insurance in India is a financial contract where the insurer provides risk coverage to the insured in exchange for a premium, ensuring financial security.<\/p>\n\n\n\n<p><strong>Q2. What are the main features of insurance policies?<\/strong><br>The main features of insurance include risk coverage, pooling of risk, legal contract, premium-based structure, savings and investment benefits, and tax advantages.<\/p>\n\n\n\n<p><strong>Q3. How does insurance work in India?<\/strong><br>Insurance in India works on the principle of pooling risk, where many policyholders pay premiums to create a fund used for claim settlements during uncertain events.<\/p>\n\n\n\n<p><strong>Q4. Why is understanding insurance important for LIC AAO exam?<\/strong><br>For LIC AAO aspirants, knowledge of insurance concepts, features, and working is crucial as it forms the foundation of their job role and exam preparation.<\/p>\n\n\n\n<p><strong>Q5. What are the common issues faced by the insurance sector in India?<\/strong><br>The insurance sector in India faces challenges such as low awareness, mis-selling, claim settlement delays, rural reach issues, and limited financial literacy.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/lic-aao-preparation-strategy-tuneer\/\">Struggling with LIC AAO? Learn Tuneer\u2019s Strategy<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/lic-aao-eligibility-check-tool\/\">Are You Eligible for LIC AAO 2026? Check Eligibility with FREE Tool<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/lic-aao-vs-bank-po-which-one-to-choose\/\">LIC AAO vs SBI PO: Salary, Eligibility, Job Profile Comparison<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/lic-aao-interview-questions\/\">LIC AAO Interview Questions and Answers 2026, Preparation Tips<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ga-and-insurance-in-lic-aao-mains-exam\/\">GA and Insurance Questions Asked in LIC AAO Mains Exam 2025<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/lic-aao-reporting-time\/\">LIC AAO 2025 Mains Exam Reporting &amp; Exam Time, Check Details<\/a><\/li>\n<\/ul>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Insurance Features and Working: Insurance plays a very important role in India\u2019s financial system, as it provides protection against risk<\/p>\n","protected":false},"author":60,"featured_media":229181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5204,10227,397],"tags":[17972,396],"class_list":["post-227648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-insurance-exams","category-lic","category-lic-aao","tag-insurance-features-working","tag-lic-aao","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insurance Features, Working &amp; Issues Explained for LIC AAO<\/title>\n<meta name=\"description\" content=\"Learn Insurance basics, features, working &amp; issues in India. A complete guide for LIC AAO exam preparation with easy explanations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance: Features, Working &amp; Issues Explained for LIC AAO\" \/>\n<meta property=\"og:description\" content=\"Insurance Features and Working: Insurance plays a very important role in India\u2019s financial system, as it provides protection against risk and uncertainty.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-11T22:24:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-25T22:36:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/09\/LIC-AAO-Notification.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tripti Mishra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tripti Mishra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\"},\"author\":{\"name\":\"Tripti Mishra\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/d85e63b0781e1a55771b9894184814a5\"},\"headline\":\"Insurance: Features, Working &amp; Issues Explained for LIC AAO\",\"datePublished\":\"2025-09-11T22:24:43+00:00\",\"dateModified\":\"2025-09-25T22:36:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\"},\"wordCount\":1180,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/09\/LIC-AAO-Notification.webp\",\"keywords\":[\"Insurance Features &amp; Working\",\"LIC AAO\"],\"articleSection\":[\"Articles\",\"Insurance\",\"LIC\",\"LIC AAO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/\",\"name\":\"Insurance Features, Working & Issues Explained for LIC AAO\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/insurance-features-and-working\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/09\/LIC-AAO-Notification.webp\",\"datePublished\":\"2025-09-11T22:24:43+00:00\",\"dateModified\":\"2025-09-25T22:36:15+00:00\",\"description\":\"Learn Insurance basics, features, working & issues in India. 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