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LIC ADO/AAO Interview Questions And Answers - LIC Jobs Interview Tips

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LIC ADO/AAO Interview Questions And Answers

LIC ADO/AAO Interview Questions and Answers 2017: Are a job seeker and going to give interview of LIC ADO/AAO? Then, individuals are advised to go through LIC ADO/AAO Interview Questions and Answers. A common question which is always revolving in the mind of an interviewee before going for any interview is what questions will be asked in LIC Jobs Interview. In today’s era, maximum number of people wants to access in Life Insurance Corporation of India but to get a job in is not an easy task. Here we have presented Best Interview Tips that will prove productive for our readers. Now, cracking LIC Interview is no more a matter of concern!!! 

This Page Includes
  • LIC Jobs Interview Tips
  • LIC ADO/AAO 20 Interview Questions and Answers
  • LIC ADO/AAO Previous Years Papers

Individual who were previously got rejected because of the wrong answers they spoke in front of the interviewer. Did you ever wonder, what are the expected answers that interviewers want to hear? Well, we will give you a brief description on the same matter. From the below presented list of interview questions, get to know how to give impressive answers to the interview. Here are some Tips to crack an LIC ADO/AAO Interview for you. We are also provided some questions that must you have to practice for cracking LIC ADO/AAO interview. All the provided details are placed by the team members of privatejobshub.in. Take a look!!  

LIC Jobs Interview Tips

  • Make the first impression with your proper dressing (formal) and well groomed hair. 
  • Do not hesitate in interview and don’t be nervous what will be the next question. 
  • Be alert during whole interview session and listen carefully to questions first before answering. 
  • Be optimistic and assertive in your answer. 
  • Demonstrate your answer with the help of examples. 
  • Be confident and have calm attitude. (What Makes You Angry?
  • Be prepared with common questions of Interview.
LIC ADO / AAO Interview Questions and Answers

In the below section, we have provided 20 question that most frequently asked in Life Insurance Corporation of India Interview. So, individuals can go through with these LIC ADO/AAO Interview Questions which are discussed here with the tips to elucidate these questions. Go through it and will definitely help you to get assortment in Life Insurance Corporation of India as Apprentice Development Officer OR Assistant Administrative Officer.

Question : What is the difference between with profit and without profit plans?

Ans.: An insurance policy can be 'with' or 'without' profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount.

In 'without' profit plan the contracted amount is paid without any addition. The premium rate charged for a 'with' profit policy is therefore higher than for a 'without' profit policy.

Question : How would you bring improvement upon our company or product?

Ans.: You have the required qualification and work experience to withstand the responsibility of this particular job profile and that with the experience, you can bring prosperity, and growth in business to the company is what the answer should be.

Question: What is Keyman Insurance?

Ans.: Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman.

Question : Who is the Present Chairman of LIC and IRDA?
Ans.:
  • Chairman of LIC- S K Roy
  • Chairman of IRDA- T S Vijayan

Question: What is the FDI limit for Insurance Sector?


Ans.: 49%


Ans. – 
Mostly asked and most important to answer in a proper way. You reply must include background, educational, skills and abilities, etc.

Ans. - Show your eagerness for ding job in LIC. Be confident and do some research on LIC so you can mention some points for LIC.

Question: Tell us about your family?

Ans.  
In this you just only have to tell about your family background no extra things about them. Be honest while answering to such questions.

Question: What do you know about Life Insurance?

Ans. - 
Life insurance is anagreement between the policy holder and the insurer. The insurer approves to compensate the incidence of the insured individual's death or additional event like terminal illness or critical illness. The insured agrees to fee the charge in terms of cover premium for the service.
Question: What so you means by word Insurance?

Ans.
Insurance meansassurance of payment for any probable future losses. It aids financial protection against by returning losses during disaster. Many different insurance companies are offering wide range of insurance options these days.

Question: What are types of Insurance?

Ans. – 
There are few types of insurance:

i. Life insurance
ii. Automobile insurance
iii. Health insurance
iv. Credit insurance
v. Property insurance

Question: Do you know the role of LIC ADO/AAO?

Get Here: LIC ADO Syllabus

Ans. 
You can tell about the role of LIC ADO/ AAO only if you have researched about it before going for interview. So, you have to do research about the LIC past, and also for the job profile you applied.

Question: How many types of Insurance companies are there?

Ans.
It can be categorized into two:

1. General Insurance Companies- They provides all type of Insurance apart from life insurance.

2. Life Insurance Company- It deals with life insurance, pension products and allowances.

Question: Do you know where the corporate office or head quarter of LIC located?

Ans. – 
It is in Mumbai.

Question: What are duties and functions of IRDA?

Ans. -
Some of the duties of IRDA includes:
  • Concern to the applicant a certificate of recording, renew, modify, withdraw, suspend or revoke such registration. 
  • Promoting effectiveness in the bearing of insurance business. 
  • Security of the benefits of the policy owners in matters concerning assigning of policy. 
  • Identifying the code of conduct for reviewers and loss assessors. 
  • Stating the percentage of life insurance business and general insurance business to be accepted by the insurer in the rural or social sector.
Question: When the LIC of India was came into existence?

Ans. – 
1956



Question: Foreign Direct Investment (FDI) limit in Insurance Sector?

Ans. - 
First there is 26% limit but now it has increase to 49%.

Question: What are difference between Marketing and Sales?

Ans. 
These two are important aspects in business. Sales are just a stage of marketing which refers to fulfilling the demands of marketing. Marketing is in wider terms then sales. Marketing is identifying the customers, public relations, sales etc. Marketing is the process of creating demands for a product in market. We can say marketing is direct activity whereas sales are direct activity.

Question: What are the objectives of LIC ?

Ans. There are some objective of LIC:
  • Spread and offer life insurance to the masses at a sensible cost. 
  • Make best use of mobilization of people’s savings by making insurance-linked investments sufficiently attractive. 
  • Encounter the various life insurance desires of the community that would arise in the altering social and economic environment. 
  • Entertain as trustees of the insured public in their discrete and cooperative capacities. 
  • Bearing business with highest economy and with the full understanding that the moneys belong to the policy owners.
Question: What are role of Development Officer?

Ans. – 
* To monitor, supervise and guide the events of the Agents placed under your management by the Corporation.

* To introduce appropriateindividuals to the Corporation for choosing as new Agents.

* To act usually in such a way as to activismcurrent Agents and motivate new Agents, so as to grow a stable agency force.


LIC ADO/AAO Previous Years Papers

For getting position in LIC as Apprentice Development Officer OR Assistant Administrative Officer position. First of all candidates need to qualify the written test for it. Applicants can go through below mentioned PDF which are provided for the ease of our readers. So, candidates can select suitable link and go through the questions that are asked in previous years. By solving these question individual will also come to know about its performance for upcoming exams.

Exam
Download PDFs
Exam 1
Exam 2
Exam 3
Exam 4
Note:

Candidates can go through complete information about LIC ADO/AAO Interview Questions and Answers and this will definitely help you to get recruitment in LIC. Join us on Facebook or Google + for latest updates. If you face any difficulty, then you can ask from the team members by giving your comments on the comment box. For any query related to this or any suggestion, comment us on below mentioned comment box. Our team will soon reply towards it and will solve your query soon. 

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