LIC ADO Syllabus: LIC’s ADO exam is a great opportunity for candidates seeking a career in the insurance industry. The selection process comprises three stages: the preliminary examination, the main examination and a personal interview, followed by a medical test.
This detailed guide will help you understand the LIC ADO exam and syllabus for Prelims and Mains so that you can prepare effectively and increase your chances of success.
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LIC ADO Exam Pattern 2024
Stages of the LIC ADO Exam:
Online CBT (Computer-Based Test) Written Exams: This includes both Prelims and Mains exams.
Personal Interview: This stage evaluates the candidate’s suitability for the role through a face-to-face interview.
Medical Test: Candidates must pass a medical examination to ensure they meet the health standards required for the role.
Categories of LIC ADO Recruitment:
LIC Employee Category: For current LIC employees under Grade III.
LIC Agent Category: For individuals who are LIC agents.
Open Market Category: Open for all eligible candidates not falling into the Employee or Agent categories.
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LIC ADO Prelims Exam Pattern 2024
The prelims examination for the LIC ADO serves to assess the basic skills of applicants in various subjects. The Prelims exam is an aptitude test whose main objective is to select the candidates for the main exam.
- Duration: The exam is conducted for a total of 1 hour (60 minutes).
- Sections: The Prelims exam consists of three sections:
LIC ADO Prelims Exam Pattern:
- Reasoning: 35 questions, 35 marks, 20 minutes
- Numerical Ability: 35 questions, 35 marks, 20 minutes
- English Language: 30 questions, 30 marks (qualifying), 20 minutes
Total: 100 questions, 100 marks, 60 minutes
Detailed For LIC ADO Syllabus
Reasoning Ability: This section evaluates logical reasoning and problem-solving skills. Key topics include:
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- Puzzles: Arrangements, Scheduling, and Seating Arrangements
- Seating Arrangements: Linear, Circular, and Complex Arrangements
- Direction Sense: Understanding Directions and Distances
- Blood Relations: Solving Family Tree Problems
- Syllogism: Deductive Reasoning Statements
- Order and Ranking: Establishing Hierarchical Orders
- Coding-Decoding: Deciphering Patterns and Codes
- Machine Input-Output: Data Interpretation from Machine Outputs
- Inequalities: Comparative Analysis of Quantitative Relationships
- Alpha-Numeric-Symbol Series: Analyzing Sequences of Characters and Numbers
- Data Sufficiency: Evaluating the Adequacy of Given Data
- Logical Reasoning: Complex Problem Solving involving Logical Inferences
Numerical Ability: This section tests mathematical skills and numerical problem-solving. Topics include:
- Data Interpretation: Bar Graphs, Line Charts, Tables, Caselets, Radar/Web Charts, and Pie Charts
- Inequalities: Quadratic Equations and their Solutions
- Number Series: Identifying Patterns in Sequences
- Approximation and Simplification: Estimating and Simplifying Complex Calculations
- Data Sufficiency: Assessing Data Relevance for Solving Problems
- Arithmetic Problems: HCF and LCM, Profit and Loss, Simple and Compound Interest, Age Problems, Work and Time, Speed, Distance and Time, Probability, Mensuration, Permutation and Combination, Average, Ratio and Proportion, Partnership, Problems on Boats and Streams, Trains, Mixtures and Alligations, Pipes and Cisterns
English Language: This section measures proficiency in English. Key areas include:
Reading Comprehension: Understanding and Analyzing Passages
- Fillers: Completing Sentences with Appropriate Words
- Cloze Test: Filling Blanks in a Passage
- Sentence Errors: Identifying and Correcting Errors in Sentences
- Sentence Improvement: Enhancing Sentence Structure
- Vocabulary-based Questions: Understanding Word Meanings and Usage
- Jumbled Paragraph: Arranging Sentences to Form a Coherent Paragraph
- Word Usage: Correct Application of Words in Context
- Phrase/Connectors: Linking Phrases and Sentences
- Paragraph-related Questions: Inference, Completion, and Connection of Paragraphs
LIC ADO Mains Exam Pattern 2024
The main examination is more comprehensive and varies according to the candidate’s category. It tests in-depth knowledge and understanding in various areas relevant to the role of an ADO.
For Open Market Category:
- General Knowledge and English Language: 50 questions, 50 marks, 120 minutes
- Numerical Ability and Reasoning Ability: 50 questions, 50 marks, 120 minutes
- Financial and Insurance Marketing Awareness: 60 questions, 60 marks, 120 minutes
Total: 160 questions, 160 marks, 360 minutes
For Employee Category:
- Reasoning Ability & Numerical Ability: 20 questions, 20 marks, 120 minutes
- General Knowledge, Current Affairs, and English Language: 20 questions, 20 marks
- Elements of Insurance and Marketing of Insurance: 60 questions, 120 marks
Total: 100 questions, 160 marks, 120 minutes
For Agent Category:
- Reasoning Ability & Numerical Ability: 20 questions, 20 marks, 120 minutes
- General Knowledge, Current Affairs, and English Language: 20 questions, 20 marks
- Practice and Principles of Insurance Marketing: 60 questions, 120 marks
Total: 100 questions, 160 marks, 120 minutes
LIC ADO Mains Exam Syllabus
The Mains Exam syllabus is detailed and covers a range of subjects. Each section is designed to test specific skills and knowledge relevant to the role of an ADO.
Numerical Ability:
- Simplification & Approximation: Techniques for simplifying complex calculations and approximations.
- Number Series: Identifying patterns and solving series-based problems.
- Inequality: Solving Quadratic and Quantity-based Inequality problems.
- Partnership: Calculations involving multiple entities sharing profits or losses.
- Ratio & Proportion: Problems related to proportional relationships.
- Percentage: Calculations and applications of percentage.
- Mixtures & Allegations: Solving problems related to mixing substances in given ratios.
- Average & Ages: Problems on average and calculating ages.
- Time and Work: Calculations involving work done over time.
- Pipe and Cistern: Problems related to filling and emptying pipes and cisterns.
- Simple Interest & Compound Interest: Calculating interest on loans and investments.
- Time & Distance: Problems related to distance, speed, and time.
- Boat & Stream: Problems involving boats moving in a stream.
- Permutation, Combination & Probability: Calculations related to arrangements, selections, and likelihood of events.
- Mensuration (2D & 3D): Problems on areas and volumes of various shapes.
- Data Interpretation: Interpretation of data from various types of charts and graphs.
- Data Sufficiency: Assessing whether provided data is sufficient to solve a problem.
Reasoning Ability:
- Puzzle: Solving complex puzzles involving various elements.
- Direction Sense: Problems related to understanding and calculating directions.
- Syllogism: Logical reasoning involving statements and conclusions.
- Seating Arrangement: Arranging elements based on given conditions.
- Input-Output: Analyzing patterns in input and output sequences.
- Blood Relation: Understanding relationships in a family tree.
- Data Sufficiency: Evaluating the adequacy of data for solving problems.
- Coding-Decoding: Deciphering codes and patterns.
- Inequalities: Analyzing and solving inequalities.
- Logical Reasoning: Inference from passages, statements, and conclusions, arguments, and cause-effect relationships.
Financial Awareness:
- Indian Financial Market: Understanding the structure and functioning of the financial markets in India.
- Capital Markets and the Government: Role of capital markets and governmental influence.
- Money Market: Overview of money market operations and instruments.
- Stock Markets and Bond Markets: Understanding equity and debt markets.
- Role of Money Markets in the Financial System: Importance of money markets in financial stability.
- Derivatives Markets and Private Investing: Overview of derivatives and private investment opportunities.
- Primary and Secondary Markets: Understanding the primary and secondary markets for securities.
- Foreign Exchange Interbank Market: Mechanics of the foreign exchange market.
- Mutual Funds: Basics of mutual funds and their functioning.
- Insurance Industry: Overview of the insurance sector, its products, and regulations.
- Regulatory Agencies: Understanding the roles of regulatory bodies in the financial sector.
- Special Statutes for Financial Intermediaries: Laws and regulations governing financial intermediaries.
- Establishment of FSDC: Knowledge of the Financial Stability and Development Council.
- Financial Stability and Development Council: Role and functions of the FSDC.
Insurance Market Awareness:
- Introduction to Insurance: Basics and principles of insurance.
- History of Life and General Insurance: Evolution of life and general insurance sectors.
- Knowledge about IRDAI: Understanding the Insurance Regulatory and Development Authority of India.
- Types of Insurance: Various types of insurance products available.
- Indian Insurance Market: Overview of the insurance market in India.
- ULIP (Unit Linked Insurance Plan): Features and benefits of ULIPs.
- Public Sector Insurance Companies: Details about public sector insurance providers.
- Glossary of Insurance Terms: Important terms and definitions in insurance.
- Private Sector Insurance Companies: Information about private sector insurance firms.
- Employment State Insurance Scheme (ESIS): Overview of ESIS and its benefits.
- Abbreviations Related to Insurance Industry: Common abbreviations used in the insurance sector.
- Schemes Related to Insurance: Government schemes like PMFBY, PMJJBY, PMSBY, etc.
- Insurance Current Affairs: Recent developments and news in the insurance industry.
- Insurance Ombudsman: Role and function of the insurance ombudsman.
- Bancassurance: Understanding the concept of bancassurance and its implementation.
Preparation Tips for the LIC ADO Exam
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- Understand the Exam Pattern: Familiarize yourself with the structure and format of both Prelims and Mains exams. Knowing the types of questions and the marking scheme will help in strategizing your preparation.
- Study the Syllabus Thoroughly: Ensure that you cover all the topics listed in the syllabus for each section. Use standard textbooks and study materials to build a strong foundation.
- Practice Regularly: Solve previous years’ question papers and take mock tests regularly. This will help you gauge your preparation level and improve your time management skills.
- Stay Updated: Keep yourself updated with current affairs related to the financial and insurance sectors. Read newspapers, magazines, and online resources to stay informed about recent developments.
- Focus on Weak Areas: Identify your weak areas and work on improving them. Use additional resources or seek help from mentors to strengthen these areas.
- Time Management: Practice solving questions within the allotted time to improve your speed and accuracy. Develop a study plan that allocates time effectively for each section.
- Revision: Regularly revise the topics you have studied to reinforce your knowledge and ensure that you remember key concepts and formulas.