Advertisement

LIC Assistant Administrative Officer (Generalist/Chartered Accountant/Actuarial) Exam Details

Assistant Administrative Officer is the managerial job in LIC and is responsible for more administrative work. As the name suggests, AAO involves in the matter of devising new schemes, inspecting policies, filing and managing claims, preparation and scrutinizing the bills, client interactions, coordinating with other departments about a scheme/policy, provide assistance etc. AAO is also involved in various purchases and maintenance of financial, administrative services.
Eligibility: (As on the date mentioned in the notification)

Age

Minimum: 21 years

Maximum: 30 years

Educational Qualifications

AAO (Generalist)

Bachelor/Master’s Degree from a recognized Indian University/ Institution.

AAO (Chartered Accountant)

An Associate Member of the Institute of Chartered Accountants of India.

AAO (Actuarial)

Should have passed paper CT1 and CT5 plus 4 or more other papers of the examination conducted by the Institute of Actuaries, London/Actuarial Society of India.


Selection Procedure: Selection will be made on the basis of performance in the on-line test followed by a personal interview. Written Test will be of objective type, of 120 minutes (2 hrs) duration.

Scheme of Exam for AAO (Generalist):

S.No.

Name of the Test

Number of Questions

Max. Marks

1

Reasoning Ability

30

90

2

Quantitative Aptitude

30

90

3

General Knowledge, Current Affairs

30

60

4

Computer Knowledge

30

60

5

English Language with Special emphasis on Grammar, Vocabulary and Comprehension

40

--

 

Total

160

300


Scheme of Exam for AAO (Chartered Accountant):

S.No.

Name of the Test

Number of Questions

Max. Marks

1

Reasoning Ability

30

90

2

Quantitative Aptitude

30

90

3

General Knowledge, Current Affairs

30

60

4

Professional Knowledge

30

60

5

English Language with Special emphasis on Grammar, Vocabulary and Comprehension

40

--

 

Total

160

300


Scheme of Exam for AAO (Actuarial):

S.No.

Name of the Test

Number of Questions

Max. Marks

1

Reasoning Ability

40

100

2

Numerical Ability

40

100

3

English Language with Special emphasis on Grammar, Vocabulary and Comprehension

40

-

 

Total

120

200


Penalty for Wrong Answers: There will be a penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth (1/4) of the marks assigned to that question will be deducted as penalty to arrive at corrected score

Interview: The number of candidates to be called for interview will be about three times the number of vacancies to be filled in subject to availability of successful candidates in the online test.

Emoluments and Benefits:
Basic pay of Rs. 17240 /- per month in the scale of Rs. 17240- 840(14) –29000– 910(4) – 32640 (Under Revision) and other admissible allowances as per rules. Total emoluments at the minimum of the scale inclusive of House Rent Allowance & City Compensatory Allowance wherever admissible depending upon the classification of the city will be approximately Rs 36,805/- per month in ‘A’ Class city. Other benefits are Defined Contributory Pension, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Medical Benefit, Group Savings Linked Insurance (GSLI), Group Personal Accident Insurance, Group Insurance , Vehicle Loan (2-wheeler/4 wheeler) as per rules.

Service Conditions:
Selected Candidates will be appointed in any branch of the LIC in the region stated in the notification. Probation period is one year, may be extendable up to 2 years if requires. Service Conditions are as applicable in the Corporation from time to time. The advertised posts are regular and selected candidates, on appointment, are liable to be posted or subsequently transferred anywhere in India. The minimum stay in the Region for newly appointed candidate will be 5 years. No request for transfer from the region will be considered before the completion of 5 years.

Guarantee Bond:
Before joining as a Probationer, candidates will be required to give an undertaking to serve the Corporation for a minimum period of four years from the date of joining (including probationary period) failing which, he/she or his /her heirs, executors, administrators will be liable to pay liquidated damages of Rs.200,000/-only (Rupees Two Lakhs only).

Disclaimer: The information provided here is for the convenience of the readers and other interested parties. Information collected from various sources such as Official Websites, Web Portals, Discussion Forums, News Papers and Periodicals, Subject or Domain experts and other representatives is subject to change from time-to-time. www.sakshieducation.com  will not be responsible for any errors or inconvenience occurred. Thus users (readers) requested to ensure before committing a decision.
Published on 11/26/2015 11:37:00 AM

Comment