Insurance Awareness PDF 2023 Free Download: For LIC AAO And LIC ADO Exams

Insurance Awareness PDF 2023 Free Download: Here we have added the most expected and important Insurance Awareness PDF, especially for LIC AAO 2023 and LIC ADO 2023 exams. Insurance awareness for LIC AAO 2023 and Insurance Awareness PDF for LIC ADO exams will be asked as a separate section. Aspirants aiming to score full marks in this section can refer to the Insurance awareness pdf download links provided below for effective preparation. This insurance awareness for LIC AAO PDF Download and Insurance awareness for LIC ADO PDF consists of all insurance topics with recent updates. All the Important and Updated Topics were covered in this Insurance Awareness PDF. Candidates can start from scratch and cover all the insurance topics with detailed explanations through this Insurance Awareness PDF 2023 given below.

LIC AAO Mock Test 2023

LIC ADO Mock Test 2023

Insurance Awareness PDF 2023

Our professional experts have prepared the Insurance awareness pdf 2023 for LIC AAO and LIC ADO mains exams.  Getting good marks in the insurance awareness section is intrinsic to crack the LIC AAO and ADO 2023 exams with good scores. Here we have given the Updated Insurance Awareness PDF 2023 which includes all important topics in Insurance awareness. Aspirants who are preparing for LIC AAO Examination can download this Insurance Awareness PDF 2023 and make use of it.

This insurance awareness PDF 2023 is designed by industry experts and meets the standard of the Original Exam. Students preparing for the upcoming Insurance exam can make use of it and clear the exam easily on the first attempt. Also, aspirants in search of Insurance awareness book for LIC AAO, an Insurance awareness book pdf, Insurance awareness for LIC AAO book, etc., can utilize the Insurance awareness pdf 2023 provided above, especially for the upcoming LIC AAO and ADO exams. All the topics are up-to-date, so it is easy for the candidates to prepare.

Important Insurance Awareness Topics: Insurance Awareness PDF 2023

We have attached all the important topics in the Insurance Awareness, it’s a one-stop destination where you can get all the insurance-related topics. Check below the list of topics included in the Insurance Awareness PDF 2023.

Insurance Knowledge or Insurance Awareness Topics

  • Insurance Introduction – features and working
  • Life Insurance- History and Evolution
  • LIC
  • General Insurance – History and Evolution
  • GIC
  • Important Insurance Companies-
    • New India Assurance Company Limited
    • United India insurance company limited
    • Oriental Insurance Company Limited
    • National Insurance Company Limited
    • Agriculture Insurance Company of India Limited
    • Private Life Insurance Companies
  • Use of Insurance as a tool to manage risk
  • Features of an Insurance Contract
  • Insurance and social security
  • Human Life Value
  • Mutuality and Diversification
  • Principles of Life Insurance
  • Elements of an insurance contract
  • Insurance Pricing- basics
  • Documentation at various stages
  • Traditional Life Insurance products-
    • Term Insurance
    • Whole Life Insurance
    • Endowment insurance
    • Variants
  • Non- Traditional Life Insurance products-
    • Universal Life insurance
    • Variable insurance
    • ULIPs
  • Annuity- types and features
  • Underwriting
  • Claims- Types and procedures
  • Selling Process
  • Customer Service
  • Health Insurance- basics
  • Motor Insurance- basics
  • Property Insurance Basics
  • Married Women’s Property Act
  • Important terminology
  • Grievance Redressal Mechanism
  • Regulatory aspects
    • IRDA
    • Ombudsman
    • IRDA Act 1999
    • Insurance Laws (Amendment) Act 2015
  • Important committees
  • Government schemes-
    • Pradhan Mantri Fasal Bima Yojana
    • Pradhan Mantri Suraskha Bima Yojana
    • Rashtriya Swasthya Bima Yojana
    • Employment State Insurance Scheme
    • Central Government health scheme
    • Aam Aadmi Bima Yojana
    • Janashree Bima Yojana
    • Universal Health Insurance scheme
  •  Important LIC life insurance schemes
  • Latest developments in life insurance – 6 months CAF
  • Important technological changes in insurance

Click Here to Download Insurance Awareness PDF

LIC AAO Mains Exam Pattern 2023

Phase II – Mains Exam Pattern

LIC AAO Mains Exam Pattern 2023- For Generalist Posts
Sections Number of Questions Total Marks Duration
Reasoning 30 90 40 minutes
General Knowledge, Current Affairs 30 60 20 minutes
Professional knowledge 30 90 40 minutes
Insurance and Financial Market Awareness 30 60 20 minutes
Total 120 300 120 minutes
English Language (Letter Writing & Essay)/ Legal drafting for AAO(Legal) 2 25** 30 minutes

LIC ADO Mains Exam Pattern 2023

Phase II – Mains Exam Pattern

S. N. Sections Number of Questions Total Marks Duration
1. Reasoning Ability & Numerical Ability 50 50 120 minutes
2. General Knowledge, Current Affairs and English Language with Special Emphasis on Grammar and vocabulary 50 50
3. Insurance and Financial Marketing Awareness with special emphasis on knowledge of Life Insurance and Financial Sector 50 50
Total 150 150

FAQs – Insurance Awareness PDF 2023

Q. It is possible to read all the abbreviations one week before exam?

A. Yes, If you have structured and aligned study material, you can easily prepare the abbreviations one week before the exam.

Q. What is the weightage of the Insurance and Financial market awareness section in LIC AAO?

A. Insurance and Financial market awareness section holds 60 marks in total.

Q. Is all the Insurance topics covered in this PDF?

A. Yes all the important Insurance topics are covered in this PDF.

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