Important Dates
| Commencement date of on-line application | 16.08.2025 |
| Last Date of the online application | 31.01.2023 |
| Download of Call Letter for Online Preliminary Examination | 7 to 10 days before examination |
| Dates of Online Examination – Preliminary (tentative) | 03.10.2025 |
| Dates of Online Examination – Main (tentative) | 08.11.2025 |
Number of Vacancies
|
Post / s |
Minimum Age |
Maximum Age (As on 01.08.2025) |
Total Vacancies |
|---|---|---|---|
|
AAO-Generalist |
21 |
30 |
350 |
- Minimum Age shall be 21 years (completed) as on 01.08.2025. Maximum age shall not be more than 30 years as on 01.08.2025 (Candidates born not earlier than 02.08.1995 and not later than 01.08.2004 both days inclusive only are eligible )
Relaxation in Age Limit
|
Category |
Age Relaxation |
|
|---|---|---|
|
Scheduled Caste/ scheduled Tribe Candidates |
By 5 years |
|
|
Other Backward classes (OBC) Candidates (Non-Creamy layer) |
By 3 years |
|
|
Persons with Benchmark Disabilities (PwBD) |
PwBD (SC/ST) |
By 15 Years |
|
PwBD (OBC) |
By 13 Years |
|
|
PwBD (GEN/EWS) |
By 10 years |
|
|
Ex Servicemen, Commissioned Officers including ECO/SSCO |
PwBD (SC/ST) |
By 10 Years |
|
PwBD (OBC) |
By 8 Years |
|
|
PwBD (GEN) |
By 5 years |
|
|
Confirmed LIC employees |
Further Relaxation of 5 YEARS |
|
NOTE: Ex-servicemen, Commissioned officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCO’s) who have rendered 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within 6 months as on date of notification) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment.
Qualification (As on 01.08.2025)
|
Posts |
Qualifications |
|---|---|
|
AAO-Generalist |
For AAO (Generalist): “Bachelor’s Degree in any discipline from a recognized Indian University/Institution”. |
Service Conditions
Probation & Guarantee Bond
- Appointed AAOs will undergo a probation period of one year, extendable up to two years. Performance will be continuously assessed, and failure to meet standards may lead to termination. LIC’s decision on probation completion is final and binding, unless overridden by statutory provisions.
- Before joining, candidates must undertake to serve LIC for at least four years (including probation). Early exit will incur liquidated damages of ₹5,00,000. A Deed of Indemnity, duly stamped and notarized as per state laws, must be submitted at the candidate’s expense.
Selection Procedure
- AAO selection involves Prelims, Mains, Interview, and a medical exam.
- Prelims marks won’t count for final merit.
- Mains + Interview marks determine final selection. Only those who qualify each phase will proceed. LIC’s decisions are final and binding, with no correspondence entertained.
Phase I: Preliminary Examination (Exam pattern)
|
Sr. |
Name of the Tests |
No. of Questions |
Maximum Marks |
Minimum Qualifying Marks |
Duration |
|
|---|---|---|---|---|---|---|
|
SC/ST/PWBD |
Others |
|||||
|
1 |
Reasoning Ability |
35 |
35 |
16 |
18 |
20 Minutes |
|
2 |
Quantitative Aptitude |
35 |
35 |
16 |
18 |
20 Minutes |
|
3 |
English Language with special emphasis on grammar, vocabulary and comprehension |
30 |
30** |
9 |
10 |
20 Minutes |
|
Total |
100 |
70 |
1 Hours |
|||
- The above Sections / Tests except the Test of English Language will be available bilingually, i.e. English and Hindi.
- Preliminary Examination consisting of objective test will be conducted online.
- The test will have three sections (with separate timings for each section).
- There will be NO negative marks.
- Candidates will have to qualify in each of the sections separately.
- **English Language test will be of qualifying nature and the marks thereof will not be counted for ranking.
- Candidates approximately 20 times of number of vacancies in each category, subject to availability, will be shortlisted for Main examination.
Phase II: Main Examination (Exam pattern)
|
Sr. |
Name of the Tests |
No. of Questions |
Maximum Marks |
Minimum Qualifying Marks |
Duration |
|
|---|---|---|---|---|---|---|
|
SC/ST/PWBD |
Others |
|||||
|
1 |
Reasoning Ability |
30 |
90 |
40 |
45 |
40 Minutes |
|
2 |
General Knowledge, Current Affairs |
30 |
60 |
27 |
30 |
20 Minutes |
|
3 |
Data Analysis & Interpretation |
30 |
90 |
40 |
45 |
40 Minutes |
|
4 |
Insurance and Financial Market Awareness |
30 |
60 |
27 |
30 |
20 Minutes |
|
5 |
English Language Descriptive Paper(Communication Skills: Emails, Reports, Situation Analysis & Precis Writing) |
2 |
25 ** |
9 |
10 |
30 Minutes |
|
Total |
120 |
300 |
2 Hours |
|||
- The above Sections / Tests except the Test of English Language will be available bilingually, i.e. English and Hindi.
- Main examination will consist of objective tests for 300 marks and descriptive test for 25 marks.
- Both the objective and descriptive tests will be online.
- The objective test will have separate timing for every section.
- Candidates will have to answer descriptive test by typing on the computer.
- Descriptive test will be administered immediately after the completion of the objective test.
- There will be NO negative marks.
- Candidates have to qualify in each of the sections separately.
- ** Descriptive test of English Language will be of qualifying nature and the marks thereof will not be counted for ranking.
- Descriptive paper of only those candidates will be evaluated who qualify in the objective part of main examination.
Syllabus
Quantitative Aptitude
- Data Interpretation
- Number Series
- Data Sufficiency
- Partnership
- Time and Work
- Time Speed and Distance
- Percentage
- Simplification
- Ratio and Proportion
- Simple/Compound Interest
- Mixtures and Alligations
- Mensuration
Reasoning
- Statement and Assumptions
- Seating Arrangement
- Puzzles (Floor Based/ Month Based)
- Syllogism
- Data Sufficiency
- Machine Input/Output
- Blood Relation
- Direction Sense Test
- Coding Decoding Alpha-numeric series
General Knowledge
- Banking Reforms
- Regulatory Bodies in India- NABARD, SEBI etc.
- International Banking
- Latest circulars of RBI and SEBI
- Latest Updates in Financial & Capital Markets
- Financial Terms
- Banking Terms
- Latest Acts related to Banking
- Priority Sector Lending
- NPA - latest news
- SARFAESI Act
- RBI Monetary Policy
- Capital & Money Market Instrument
- Commercial Banks, NBFCs, HFC - Latest news
- Mergers and Acquisitions in Banking Companies
- Credit Rating and Agencies
- Payment Options- NEFT, RTGS, Bharat Bill payment etc.
- Complete List of Obituaries
- Recently Appointed Brand Ambassadors List
- Monthly GK Digests
- Ministry of Cabinet Ministers
- Renamed Govt. Schemes, Cities, Airports & Railway Stations
- Indian Financial System
- Financial market instruments
- International reports and indices
- Important committees
- Foreign investment and trade
- Growth numbers by various organization
- Union budget
- Latest mergers and MOUs of banks and financial institutions
- Heads of various financial organizations
- Mutual Funds
- Basel Norms
- Regulatory organizations: SEBI/NABARD/RBI
- Joint Military Exercises of India
- List of Summits and Conferences
Insurance and financial Market awareness
Module A: Mutual Funds
- Concept and Role of a Mutual Fund
- Legal Structure of Mutual Funds in India
- Legal and Regulatory Framework
- Scheme related information
- Fund Distribution & Channel Management Practices
- NAV, Total Expense Ratio & Pricing of Funds
- Return, Risk and Performance of Funds
- Helping Investors with Financial Planning
- Mutual Fund Scheme Selection
Module B: Insurance
- Risk management
- The concept of insurance and its evolution
- The business of Insurance
- The insurance Market
- Insurance customers
- The insurance Contract
- Insurance Terms
- Insurance Products & Policies
Module C: Derivatives
- Derivatives and its Types
- Forward Contract in India
- Difference Between Forward and Future Contract
- Participants in Derivatives Markets
- Option Contract
- What are Option Greeks
- Option and Pricing Black Scholes Model
- What are Swaps
- Margin Trading- Doubt Clearing Session
- Range and Participating Forward Derivatives
- Participating and Range forward contract
Module D: Laws
- Negotiable Instrument act
- IBC
- Banking Regulation act
- RBI Act
- Consumer protection act
- RTI Act
- LIC Act
- IRDA Act
Module E: Government Schemes
- Small Savings Schemes (via Post Offices & Banks)
- Provident Fund & Retirement Savings
- Pension Schemes
- Sector-Specific Savings & Insurance-Linked
- Agricultural / Rural Deposit & Investment Schemes
Module F: Financial Awareness
- Capital market and money market instruments
- Foreign currency accounts
- Remittances
- News related to banking
- Monetary Policy Updates
- Mergers & Acquisitions in Banking Sector
- Digital Banking Developments
- Important Banking Terms & Abbreviations
English Language Descriptive Paper
- Communication Skills: Emails, Reports, Situation Analysis & Precis Writing
LIC AAO Generalist 2025 Course by Team BankExamsToday
Course features
- Daily video classes
- Study Material
- Live sessions
- Unit tests
- Special attention to Insurance and Financial Market Awareness section from Day 1
- One to One Mock Interview Session
- Interview preparation guide
