Insurance Exams

Insurance exams in India are conducted for various posts in the insurance sector. The insurance sector in India has been one of the most significant employment sectors and has managed to gain the maximum benefit over the past two decades.

IRDA-Insurance Regulatory and Development Authority of India is the main body responsible for maintaining the growth and promoting the insurance industry in India. Insurance exams are conducted at regular intervals in India and candidates across the country wait for the recruitment to be performed each year.

In this article, we shall discuss the insurance exams conducted by various insurance companies in India.

Insurance companies are divided into two parts:

1. Life Insurance Companies
2. Non-Life Insurance Company

Companies giving life insurance offer coverage to the life of the individuals, whereas the non-life insurance companies offer coverage to our daily living like travel, health, our car and bikes, and home insurance.

The article will discuss the insurance exams conducted by the following insurance companies in India:

1. LIC- Life Insurance Corporation of India
2. NIACL- New India Assurance Company Limited
3. NICL- National Insurance Company Limited
4. OICL- Oriental Insurance Company Limited
5. UIIC- United India Insurance Company
6. IRDA- Insurance Regulatory and Development Authority of India

The table below discusses the important information regarding the insurance exams for the year 2019-21 and 2022:

The details regarding the important dates, recruitment, vacancy, salary, etc. will be mentioned in this article for the above-mentioned insurance companies.

LIC

Established in 1956, LIC is currently India’s largest Insurance Company of India. The insurance exams conducted by LIC are for the following posts:

1. LIC HFL
2. LIC AAO
3. LIC ADO

The exams conducted for recruitment in LIC is based on the requirement of the insurance company. Candidates need to keep a check on the official website of LIC to know about all the recruitment information.

Candidates can also visit, LIC Exams for detailed information about the recruitment held by LIC.

LIC ADO

LIC ADO recruitment is held for the post of Apprentice Development Officer. The last edition of this exam was held in the year 2019.

Candidates can check for the LIC ADO notification in the official website of Life Insurance Corporation. The notification gives details regarding the vacancy, exam pattern, important dates, etc. for the candidates willing to apply.

The details about the LIC ADO exam are as mentioned below:

The vacancies released under LIC ADO are for three different categories:

1. Open Market category
2. Employee category
3. Agents category

The exam pattern for the three categories is also approximately the same. LIC ADO exam pattern is divided into three stages:

1. Preliminary Exam
2. Mains Exam
3. Interview
4. Medical Test

Candidates can get the detailed LIC ADO syllabus on the linked page.

For employee category, employees who are already serving LIC can apply, and thus they do not have the preliminary exam. LIC ADO recruitment is not conducted over a fixed interval of time; the recruitment entirely depends upon the requirement of the company.

LIC declares eligibility criteria and only the candidates who fulfil the requirements are allowed to apply for the post. The LIC ADO eligibility criteria are as mentioned below:

1. Nationality: Candidate should be a citizen of India
2. Age Limits: Candidate must be between 21 years and 30 years of age.
3. Experience: Candidates applying for LIC ADO exam need to be experienced for a minimum of 2 years. The experience required differs for candidates to apply for different posts.
4. Educational Qualification: The applying candidate must be a graduate from any Indian University, approved for the fellowship of Insurance Institute of India.

For detailed LIC ADO Recruitment information candidates can visit the linked article.

Candidates can view all important details like LIC ADO salary, the application process, fees, important dates, vacancy, etc. about LIC ADO exam, in the linked article.

Candidates can practice the LIC ADO mock tests for better preparation for the exam.

LIC AAO

The LIC AAO exam is conducted for the position of Assistant Administrative Officer in Life Insurance Corporation. The exam is not an annual process, and the vacancies depend upon the requirement of LIC.

The LIC AAO recruitment notification for the year 2020-21 is still ongoing. The last recruitment before 2020 was held in the year 2019. The vital information about LIC AAO is as mentioned below:

The LIC AAO recruitment shall be conducted for different specializations. The categories of LIC AAO Exam are as follows:

1. LIC AAO (Legal)
2. LIC AAO (IT)
3. LIC AAO (CA)
4. LIC AAO (Actuarial)
5. LIC AAO (Rajbhasha)

The exam pattern for the year 2020 is slightly different from the LIC AAO exam pattern 2019. Since 2019, a recruitment drive has three stages in the recruitment process, but this year, an additional written exam was added to the exam pattern. The LIC AAO exam pattern for 2019 is given below:

1. Preliminary Exam
2. Mains Exam
3. Interview
4. Pre-Recruitment Medical Exam

LIC AAO notification for 2020-21 recruitment was released on February 25, 2020.

Candidates can get the detailed LIC AAO Syllabus by visiting the linked article.

Candidates can prepare better for the exam by taking the LIC AAO Mock tests.

The candidates who qualify the exam are appointed on probation of 1 year and a guarantee bond of serving the company for a minimum of 4 years.

To know about the LIC AAO salary, check the linked article.

Candidates willing to apply for LIC AAO 2020-21 exam are required to meet specific eligibility criteria. The eligibility criteria for Assistant Administrative Officer exam is as mentioned below:

1. Nationality: Candidate must be a citizen of India
2. Age Limit: Candidate must be between 21 and 30 years of age. Age relaxations are available for candidates belonging to a particular category.
3. Educational Qualification: Candidate must hold a Bachelor’s degree from any Government recognized University. The education qualification is different for candidates to apply for different specializations.

Candidates can visit LIC AAO Eligibility for detailed information regarding age relaxations and education qualification of candidates.

The LIC AAO is considered as one of the most reputed exams in the insurance sector. Candidates can visit the linked article for more details about LIC AAO exam.

LIC HFL

LIC Housing Finance Limited is a leading Housing Finance company in India. The principal objective of LIC HFL is providing long term finance to people for the purchase of any house or flat for residential purpose.

LIC has recently released the notification for Assistant Manager (Legal) in LIC HFL. Given below are the important dates related to the recruitment process:

LIC HFL holds the recruitment for three posts:

1. LIC HFL Associate
2. LIC HFL Assistant
3. LIC HFL Assistant Manager

Candidates can visit LIC HFL Recruitment for details about the recruitment process.

The LIC HFL exam was last conducted in the year 2018. The table below shows the details about LIC HFL exam 2018 and 2019:

The exam pattern for LIC HFL is divided into three stages:

1. Written Exam
2. Interview
3. Medical Test

The candidates who qualify the written exam and interview are called for the medical test, and then the final merit list of candidates is generated. For detailed LIC HFL Syllabus, candidates may visit the linked article.

Candidates applying for various posts under LIC HFL need to fulfil certain eligibility criteria. The eligibility criteria for the exam to be conducted is as mentioned below:

1. Nationality: Candidate must be an Indian citizen
2. Age limit: Candidate must be between 21 and 30 years of age.
3. Educational Qualifications: Graduate from any Government recognized University in any discipline. Candidates applying for Associate must be intermediate in CA.

For detailed eligibility criteria, candidates can refer to the LIC HFL Exam.

NIACL

New India Assurance Company Limited (NIACL) is a Multinational General Insurance Company. NIACL is a non-life insurance company and has been serving the country since 1919. NIACL recruitment is mainly conducted for two positions:

1. Assistant
2. Administrative Officer

New India Assurance Co. Ltd is not just spreading across India but has also seen a significant increase in the foreign market. The exam is conducted at regular intervals, and aspirants look forward to getting an opportunity to join the insurance company.

Aspirants willing to join the insurance sector can get a detailed analysis of the NIACL Exam and at the linked article.

The below-mentioned data shall show details about the recruitment process of the two posts mentioned above in NIACL recruitment.

NIACL Assistant

NIACL Assistant is a post under New India Assurance Company Limited. The insurance company has not yet released the notification for the year 2022 for the position of NIACL Assistant.

In terms of Insurance exams, the NIACL Assistant is one which is highly sought after and is considered equivalent to a bank clerk, however, the pay scale, responsibilities, the designation is considered superior to the clerical cadre.

Details regarding the recruitment of NIACL Assistant for the last two years have been mentioned below:

The number of vacancies released depends upon the requirement of the insurance company. To know more about the NIACL assistant salary, check the linked article.

NIACL Exam pattern includes three stages:

The preliminary exam is only qualifying in nature, and marks scored in the main exam are calculated for creating merit. Once the merit is calculated, shortlisted candidates are called for the Regional Language Test. The candidates who qualify the last two stages are finally appointed for the post of NIACL Assistant.

Candidates preparing for this exam can take the NIACL Assistant Mock Test for better practice.

The eligibility criteria for the post of Assistant in NIACL are mentioned below:

1. Nationality: Candidate must be a citizen of India or a subject of Nepal or Bhutan.
2. Age Limit: Aspirants between 18 years and 30 years of age can apply for the post. However, age relaxation is available for candidates of different categories.
3. Educational Qualification: Candidate must be a graduate from any Government recognized University.

Candidates can refer to the notification released by NIACL for recruitment of Assistant on the official website of New India Assurance Company Limited.

Aspirants looking forward to applying for the NIACL Assistant post in the coming years can refer to the following links for assistance:

NIACL Administrative Officer

The NIACL AO recruitment is conducted for the post of Administrative Officer. The exam is done as per the requirement of NIACL and candidates willing to apply for the job must constantly check the official website for vacancies and posts.

Given below are the details regarding the NIACL Administrative Officer exam for the year 2016 and 2019:

The notification for NIACL AO 2022 is yet to be released, and candidates can go through the official site for more details regarding the recruitment process. The 2018 recruitment was conducted for candidates in both Generalist category and Specialist category.

To know more about the NIACL AO salary, check the linked article.

The exam pattern for NIACL Administrative officer is divided into three stages:

1. Preliminary Exam
2. Mains Exam
3. Interview

The syllabus for Preliminary exam is same for both Generalist and specialist category, but the syllabus for the two types slightly differ from each other. The preliminary exam is only qualifying in nature. The marks secured in mains and interview are calculated for shorting the candidates.

candidates can take the NIACL AO Mock Tests for better practice for the exam.

The NIACL AO exam eligibility 2022 criteria are described briefly:

1. Nationality: Must be a citizen of India. Candidates who are subject of Nepal or Bhutan can also apply.
2. Age Limits: candidate must be minimum 21 years and maximum 30 years of age
3. Educational Qualification: Candidate must be a graduate from any Government recognized University in any discipline for the Generalist category. Candidates with specializations must possess a Bachelor’s degree in their specified field.

Relaxations are applicable for candidates belonging to a particular category. Candidates must also note that they are appointed for probation of one year and it is extendable for 2 years as well. Selected candidates will also have to sign a bond for serving the company for a minimum of 4 years.

Candidates can refer to the official notification for any further details about NIACL AO Recruitment.

Also, given below are a few other links which will help insurance exam aspirants to get details about the Administration Officer post in NIACL:

NICL

NICL is another highly reputed insurance company in India. The National Insurance Company Limited was incorporated in 1906 and in the year 2002 became an independent insurance company in the country.

NICL conducts the exam for the post of Administrative Officer. The exam is conducted over certain intervals of time, depending upon the need of NICL.

The notification for NICL AO exam is released on the official website and candidates can refer to the notification for details regarding the important dates, vacancies, salary, etc.

The NICL AO recruitment 2017 was conducted only for the post of Generalist Officers. But the NICL AO recruitment 2015 was conducted for Administrative Officers in different specialized categories, including Finance, Legal, Automobile Engineering, Information Technology, and Generalist Officers.

Given below is the information regarding NICL AO recruitment conducted in the year 2017 and 2015:

The notification for NICL AO 2022 is yet awaited and candidates look forward to this job profile as it is one of the most prestigious posts in the insurance sector.

The exam pattern for NICL AO recruitment 2015 included only two stages, the written exam, and Interview. However, NICL changed the exam pattern for the 2017 recruitment of Administrative Officer. The exam is divided into three stages:

1. Preliminary Exam
2. Mains Exam
3. Interview

The candidates applying need to note that the first stage of the exam is only qualifying in nature and the final merit is created based on the marks scored by a candidate in the mains exam and interview.

The candidature of applicants depends upon the eligibility criteria mentioned by NICL in the notification. The eligibility criteria for candidates applying for NICL AO recruitment is as mentioned below:

1. Nationality: Candidate must be a citizen of India or a subject of Nepal or Bhutan
2. Age Limits: Candidate must not be more than 30 years in age and should have attained the age of 21 years. Age relaxations are available for candidates belonging to certain categories.
3. Educational Qualifications: Candidate must possess a Bachelor’s degree in any discipline for NICL AO Generalist category. For candidates applying in the specialized cadre, they must hold a Bachelor’s degree in their specialized field.

Candidates who qualify the eligibility criteria can apply and once the recruitment process is complete, selected candidates will be hired on probation of one year. Also, aspirants may note that they need to serve the company for a minimum of 4 years, failing to which they will be liable to pay one year’s gross salary to NICL.

To make a better preparation for the exam, candidates can practice the NICL AO Mock Tests.

The NICL AO recruitment notification for the year 2022 is still awaited and candidates can get check the official website of NICL for any recruitment related details.

OICL

The Oriental Insurance Company Limited (OICL) has developed various types of insurance covers to cater to the needs of both the urban and rural population of India. OICL conducts recruitment for various posts, these posts include:

1. Agents
2. Assistant
3. Administrative Officer (AO)

Among the three above mentioned posts, OICL AO is one of the most sought after jobs in the country. Aspirants await the notification to be released as this job offers a decent salary, job profile and are one the most reputed jobs in the insurance sector.

The OICL AO recruitment is not an annual procedure and the vacancies are released as per the requirement of the insurance company.

The table below shows the details about the OICL AO recruitment for the year 2015 and 2017:

Aspirants looking forward to applying online for OICL AO recruitment can look for the official notification released by Oriental Insurance Company Limited.

The exam pattern for OICL AO has changed from 2015. The OICL AO 2017 recruitment was conducted in three stages:

1. Preliminary Exam
2. Mains Exam
3. Interview

The final selection is based on the marks scored by a candidate in the mains exam and Interview. The final step is document verification. Candidates are appointed on probation of one year.

The selected candidates have to sign a guarantee bond, which implies that a candidate must work for the company for a minimum of 4 years or else needs to pay one year’s gross salary to the insurance company.

Apart from OICL AO, the notification for the post of OICL Assistant was last released in the year 2015. The recruitment for Assistants hasn’t taken place after that. The details regarding the OICL Assistant recruitment 2015 are as mentioned below:

Candidates applying for any post under the recruitment conducted by OICL, need to satisfy certain eligibility criteria. The criteria differ for people belonging to different categories.

The OICL AO eligibility criteria are as mentioned below:

Nationality: Candidate must be an Indian citizen.

Age Limits: The age limit for candidates must not be more than 30 years and should not be less than 21 years.

Educational Qualifications: The candidate must be a graduate in any discipline for applying in OICL AO Generalist category. For candidates applying for specialized categories, need to be graduate in their specialized fields.

The eligibility criteria for the candidates are mentioned in the notification released by the insurance company. The recruitment details can be found on the official website of Oriental Insurance Company Limited.

UIIC

United Indian Insurance Company (UIIC) is one of India’s largest general insurance companies. The company has a variety of insurance products to provide insurance cover from bullock carts to satellites.

The recruitment under UIIC is conducted for different posts. The posts include:

1. Assistant
2. Administrative Officer

UIIC AO

The job profile for UIIC AO includes authorizing claims to policyholders as per rules of the insurance company. The departments allowed are according to the specialization a candidate opts for while applying for UIIC AO exam.

Apart from this, the job profile also includes issuing new policies and inspecting of the ones brought by agents, filing and management of claims, and inter-department communications, with respect to schemes and policies.

The UIIC Administrative Officer exam was last conducted in the year 2019, but it was held only for candidates specialized in Medical sector. The last major recruitment drive for UIIC AO was conducted in 2016.

Given below are details about the UIIC AO recruitment 2016 and 2019:

The UIIC AO recruitment is conducted for specialized categories as well. The number of vacancies depends upon the requirement of the recruiting company. The exam pattern for the recruitment of Administrative Officer in UIIC is as mentioned below:

1. Written Exam
2. Interview

UIIC reserves the right to change the exam pattern as and when they wish to. The candidates who are willing to apply need to go through the notification carefully before applying for the exam.

The eligibility criteria for candidates applying for UIIC Administrative Officer is as follows:

1. Nationality: Applicant must be a citizen of India
2. Age Limit: Candidate must be between 21 years and 30 years in age. Candidates from certain categories are also eligible for age relaxation.
3. Educational Qualification: Candidate must be a graduate from any Government recognized University if applying for Generalist cadre. The education qualifications differ for candidates applying in the specialized cadre.

UIIC Assistant

The UIIC Assistant exam is conducted for the recruitment of Assistant. The job profile for an Assistant in UIIC is that of a clerk in Banks. The roles include settling insurance claims of clients, take care of the administrative officer, and provide proper customer service and support.

The UIIC Assistant exam was last conducted in the year 2017 and before that in the year 2015. The recruitment notification for the year 2022 is still awaited. The table below mentions the details about the UIIC Assistant for the year 2015 and 2017:

The eligibility criteria for UIIC Assistant recruitment is, as mentioned below:

1. Nationality: Candidate must be a citizen of Indian
2. Age Limits: Candidate must be between 18 years and 28 years of age. Age relaxation is applicable for candidates from different categories.
3. Educational Qualification: The candidate must be a graduate from any Government recognized University with a Bachelor’s degree in any discipline. The candidate must also be well versed with the regional language of the state of recruitment.

Any candidate who satisfies the above-mentioned eligibility criteria and also qualifies the two stages of the recruitment process is finally selected for the post of Assistant in UIIC. Candidates can visit the official site for regular news about recruitment under United India Insurance Company.

IRDA

Insurance Regulatory and Development Authority (IRDA) is a statutory body formed under an Act of the Parliament. IRDA is the highest regulatory body for the insurance sector in India. The IRDA exam is conducted on regular intervals of time, and the posts for which the IRDA exam is conducted is as mentioned below:

1. Assistant Manager
2. Manager (Grade B)
3. Assistant General Manager (Grade C)
4. Deputy General Manager (Grade D)
5. General Manager (Grade E)

Among the posts mentioned above, the recruitment for IRDA Assistant Manger is conducted for graduates. The recruitment for all the other posts is conducted for candidates who have attained a minimum age of 45 years.

Get the latest information regarding the upcoming IRDA exam at the linked article.

The table below shows the details about the recruitment of Assistant Manager in IRDA for the year 2017:

The exam is not an annual process, and IRDA recruitment is conducted based on the requirement of the company. The IRDA Assistant Manager exam 2017 was conducted for different specializations. The specializations beings legal, actuarial, accounts, and general.

The exam pattern for the post of Assistant Manager in IRDA is a three-stage exam:

1. Preliminary Exam (Objective)
2. Written Exam (Descriptive with 3 papers)
3. Interview

The exam pattern mentioned above is only for the post of Assistant Manager. The pattern differs for different exams conducted by IRDA. The eligibility criteria are also different for different posts under IRDA Exams.

For better preparation for the exam, candidates can practice the IRDA Mock Test.

Candidates willing to apply for any post under IRDA may visit the official site for any more details regarding the recruitment process, important dates, eligibility, vacancies, etc.

The above-mentioned data gives details about the different exams conducted in the insurance sector of India, and candidates must prepare accordingly for the upcoming insurance exams.