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LIC ADO is something which a lot of job-seekers look up to. This year, LIC (Life Insurance Corporation) has released its notification with various vacancies. Have a look at all the important details of this notification.
| Type | Central Public Sector Undertaking |
| Industry | Insurance and Financial services |
| Founded | 1 September 1956 (66 years ago) |
| Headquarters | Mumbai, India |
| Key people |
|
| Products |
|
| Revenue | ₹724,743 crore (US$91 billion) (2022) |
| Operating income | ₹13,975 crore (US$1.8 billion) (2022) |
| Net income | ₹4,124 crore (US$520 million) (2022) |
| Total assets | ₹4,254,058 crore (US$530 billion) (2022) |
| Total equity | ₹11,338 crore (US$1.4 billion) (2022) |
| Owner | Government of India [96%] |
| Number of employees | 114,000 (2020) |
| Subsidiaries |
|
| Website | www.licindia.in |
The notification for LIC ADO (Apprentice Development Officer) 2024 will be comprising of various vacancies across 8 zones in India. This notification will be released after a gap of 4 years and is a very good opportunity for those aspirants who are looking out to make a career in the insurance sector. We will mentioned all the important details for this exam below.
A bumper number of 9,394 vacancies have been announced by LIC for the profile of ADO across the 8 regions. Have a look at the region-wise details of vacancies.
| Region | Vacancies |
| Eastern Zonal Office (Kolkata) | 1049 |
| Western Zonal Office (Mumbai) | 1942 |
| Northern Zonal Office (New Delhi) | 1216 |
| East Central Zonal Office (Patna) | 669 |
| North Central Zonal Office (Kanpur) | 1033 |
| Southern Zonal Office (Chennai) | 1516 |
| South Central Zonal Office (Hyderabad) | 1408 |
| Central Zonal Office (Bhopal) | 561 |
| Total | 9394 |
Opening date of On-Line Registration of Application and On- line payment of Application Fees/Intimation Charges. | To be notified |
Last date of On-Line Registration of Application and On-line payment of Application Fees/Intimation Charges. | To be notified |
| Download of Call letter for On-Line Examination (Tentative) | To be notified |
| Date of Online Examination-Preliminary | To be notified |
| Date of Online Examination-Main | To be notified |
The candidates eligible for recruitment are classified into three categories, namely:
A candidate should possess Bachelor's Degree of a University in India that is established under a statute or approved for the purpose or the Fellowship of Insurance Institute of India, Mumbai.
Note:
The applicant should have the requisite experience as on 01.01.2024 as indicated below:-
| Category of Applicant | For Recruitment in Urban Area | For Recruitment in Rural Area |
i) LIC Employee Category | Not less than 3 years of service after confirmation in Class III cadre in LIC of India. | |
| ii) LIC Agents Category or other than Agent, such as DSAs/ FSEs | Not less than 5 years as an LIC agent or other than Agent, such as DSAs/ FSEs and has brought a Net First Year Premium Income of not less than ₹5,00,000/- during the immediately preceding 5 financial years and a Net First Year Premium Income of not less than ₹ 1,00,000/- on 50 lives in any 3 (Three) of these financial years. | Not less than 4 years as an LIC agent or other than Agent, such as DSAs / FSEs and has brought a Net First Year Premium Income of not less than ₹ 1,00,000/- on 50 lives per year in any 3 of the immediately preceding 4 financial years. |
| iii)Others Category(Open Market) | Preference would be given to candidates who have at least 2 years experience in life insurance industry or in marketing of financial products. | |
(Prelims => Mains)/ (On-line Test for LIC Agents & LIC Employee Category) => Interview
| S. No. | Name of Tests | No. of Questions | Maximum Marks | Medium of Exam | Time allotted for each test (Separately timed) |
| 1 | English Language | 30 | 30** | English | 20 minutes |
| 2 | Numerical Ability | 35 | 35 | English and Hindi | 20 minutes |
| 3 | Reasoning Ability | 35 | 35 | English and Hindi | 20 minutes |
| Total | 100 | 70 | 60 minutes |
** English Language test will be of qualifying nature.
Note:
Mains examination comprises of an Objective Test which is conducted Online and it is for 160 marks and the composite time duration will be 120 minutes.
| Section | SUBJECT | Number of Questions | Maximum Marks | Medium of exam |
Duration |
| 1 | Reasoning Ability & Numerical Ability | 50 | 50 | English & Hindi |
Composite duration of 120 minutes |
| 2 | General Knowledge, Current Affairs and English Language with Special Emphasis on Grammar and vocabulary |
50 |
50 |
English & Hindi | |
| 3 | Insurance and Financial Marketing Awareness with special emphasis on knowledge of Life Insurance and Financial Sector |
60 |
60 |
English & Hindi | |
| TOTAL | 160 | 160 |
Selection of Apprentice Development Officer from LIC Agents & LIC Employee Category will be done through a single phase examination i.e. Main Examination. It will be an objective test, which will be conducted online for 160 marks. The objective test will have composite duration of two hours, i.e. 120 minutes.
For LIC Agents Category
| Section | Name of test | Number of Questions | Maximum Marks | Medium of exam | Duration |
| 1 | Reasoning Ability & Numerical Ability | 20 | 20 | English & Hindi |
Composite 120 minutes |
| 2 | General Knowledge, Current Affairs and English Language with Special Emphasis on Grammar and vocabulary | 20 | 20 | English & Hindi | |
| 3 | Elements of Insurance and Marketing of Insurance. | 60 | 120 | English & Hindi | |
| TOTAL | 100 | 160 |
For LIC Employee Category
| Section | Name of test | Number of Questions | Maximum Marks | Medium of exam | Duration |
| 1 | Reasoning Ability & Numerical Ability | 20 | 20 | English & Hindi | Composite 120 minutes |
| 2 | General Knowledge, Current Affairs and English Language with Special Emphasis on Grammar and vocabulary | 20 | 20 | English & Hindi | |
| 3 | Practice and Principle of Insurance, Marketing | 60 | 120 | English & Hindi | |
| TOTAL | 100 | 160 |
Note:
For your convenience, we have listed the syllabus and mentioned prominent topics that you must prepare in order to keep up your exam preparation levels.
| English Language | Reasoning Ability | Quantitative Aptitude |
| Cloze Test | Alpha-numeric/ Alphabetical Series | Age Problems |
| Correct Usage | Analogy | Average |
| Error Spotting | Analytical Reasoning | Boats and Stream |
| Fillers – Single, Double | Blood Relations | Clock and Calendar Problems |
| Idioms and Phrases | Coded Inequalities | Data Interpretation – Charts and Graphs: Line Graph, Bar Graph, Pie Chart; Tabular; Caselet; Mixed DI |
| Odd One Out | Coding and Decoding | Data Sufficiency |
| One Word Substitution | Data Sufficiency | LCM and H.C.F |
| Parajumbles | Directions and Distances | Mensuration |
| Paragraph Completion | Double Line-up | Mixture and Allegations |
| Reading Comprehension | Inequality | Number Series |
| Sentence Improvement | Input Output | Number System |
| Synonyms/ Antonyms | Order and Ranking/Direction | Partnership |
| Vocabulary based questions | Puzzles – Box based, Floor, Calendar, Day/Months based, etc. | Percentage |
| Word/Phrase Replacement | Scheduling | Permutation and Combination |
| Seating Arrangement– Linear, Circular, Facing Inside/Outside, Mixed | Pipes and Cisterns | |
| Statement and Conclusion | Probability | |
| Statement-Course of Action | Profit, Loss and Discount | |
| Syllogism | Quadratic Equations | |
| Simple and Compound Interest | ||
| Simplification & Approximation |
| Insurance Market Awareness | Financial Market Awareness |
| History of the Insurance sector in India | Indian Financial System- An Introduction |
| Opening Up of the Insurance Sector | An Overview of Capital Market |
| Current Scenario of the Life Insurance Industry | An Overview of Money Market |
| What is Insurance? | Definitions of Different Types of Money Market Instruments |
| Principles of Insurance | Primary and Secondary Market |
| An Overview of Life Insurance | Financial Institutions- Banking and Non-Banking |
| An Overview of General Insurance | All about RBI |
| Insurance and Industries/ Business | Roles and Functions of RBI |
| All about IRDA | Other Market Regulators like SEBI |
| Roles and Functions of IRDA | Payments Banks and Small Banks |
| Insurance Regulatory Framework | Secondary Market and its Instruments |
| An Overview of LIC | Mergers, Amalgamations and Takeovers |
| Other institutions in Indian Insurance Market like Insurance Ombudsman | Important World Financial Bodies – World Bank, IMF etc. |
| An Overview of Bancassurance | An Overview of Bond Market |
| An Overview of ULIPs | |
| Various Government Insurance Schemes | |
| Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB – PM-JAY) | |
| Pradhan Mantri Suraksha Bima Yojana (PM – SBY) | |
| PM Jeevan Jyoti Bima Yojana (PMJJBY) | |
| PM Fasal Bima Yojana (PM-FBY) | |
| Other Important Government Upcoming schemes |
Cut-off is very important to aspirants. While it's extremely difficult to predict the Cut Off of the upcoming exam, we are providing you with the previous year cut-offs to help you get an idea.
| Category | Cut-off |
| General | 120+ |
| OBC | 115+ |
| SC | 110+ |
| ST | 105+ |
| Category | Cut-Off |
| UR | 60 |
| OBC | 52 |
| SC | 57 |
| ST | 40 |
As far as the as the job profile of LIC ADO is concerned, the Apprentice Development Officer requires little bit of initial footwork. Moreover, the job profile is a blend of marketing and tactical sales. Other than this the other work to be done by them includes:
During apprentice, candidates selected as LIC ADO are paid a fixed amount as stipend on monthly basis as per the rules of the Corporation.
Other special allowances included in the pay scale of LIC ADO 2023 are:
Exam Date
Total Vacancies
The age limit is Minimum 21 years and maximum 30 years.
The exam dates for LIC ADO is yet to be announced.
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