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SBI PO vs LIC AAO: Get Complete Analysis Here

Every graduate who is looking forward to making a career in Banking or Insurance always looks up to get a job as SBI PO vs LIC AAO as one of their career options. However their lies a dilemma into what these two options really are and where would it lead them to in their life.

This article will help you clear all your dilemmas as we are going to do a thorough analysis and a comparative study on both the options and help you choose the best job between the two for you! 

SBI PO is one of the most popular exams when bank exams are spoken about. LIC AAO also holds equal popularity when Insurance exams are discussed.

SBI PO vs LIC AAO – An Overview

CATEGORYSBI POLIC AAO
Job profilePublic DealingClient Interaction,

Auditing and Analyzing and Policy Making

PostingUrban /RuralUrban
PromotionsFrequentAfter 5 to 8 years
TransferFrequentAfter 3 to 5 years
Examination TypeOnline: Prelims + MainsOnline: Prelims + Mains
Bond3 years4 years

SBI PO vs LIC AAO – Major Factors

Major FactorsSBI POLIC AAO
Name of the Conducting BodyState Bank of IndiaLife Insurance Corporation
Name of the PostSBI Probation OfficerLIC Assistant Administrative Officer
EligibilityAge Limit – 21 years to 30 years

Educational Qualification – Graduation from a recognized University

Age Limit – 20 years to 30 years

Educational Qualification – Bachelor’s degree in the specialization they have oped for.

 

Syllabus
  • Reasoning
  • Quantitative Aptitude
  • English language
  • Data Analysis & Interpretation
  • Computer Aptitude

For complete details on SBI PO syllabus, check the linked article.

  • Reasoning
  • Quantitative Aptitude
  • English language
  • General Awareness
  • Insurance & Financial Market awareness

For complete details on LIC AAO syllabus, check the linked article.

Exam Preparation StrategyCandidates can check the following links for better exam preparation:

Candidates can check the following links for better exam preparation:

 

SalaryRs 27620/- Rs 42020/-

Check SBI PO salary for complete information

Rs.32795/- Rs 62315/-

Check the LIC AAO salary for complete details.

 

Place of PostingUrban & RuralUrban

SBI PO vs LIC AAO – Role & Responsibilities

SBI PO

  1. Assisting customers in understanding the banking process
  2. Authorize transactions, managing clearances of payments.
  3. Supervision of clerical work
  4. Handling cash balance

LIC AAO

  1. Assisting customers/clients for claims processing, filling, and settlement.
  2. Planning new policies or replacing old ones for the company’s development.
  3. Analyzing and Auditing policies from time to time.
  4. Has to be involved in inter-departmental discussion related to claims processing

SBI PO vs LIC AAO – Work Pressure

  • Talking about the work pressure of an AAO in particular, it is not that high as they are not supposed to interact with prospective clients for more business as it is the job of a LIC Agent.
  • Bank PO, on the other hand, works quite a in pressure as they need to keep the business flow coming by managing both the existing as well as potential clients.

SBI PO vs LIC AAO – Promotions

A candidate can expect much faster growth in Bank PO than LIC AAO as in bank promotions takes place every 2 to 3 years whereas in LIC the same can take 5 years.

There are various stages of promotions in a bank:

  1. PO
  2. Deputy Manager
  3. Manager
  4. Assistant General Manager
  5. Deputy General Manager
  6. Chief General Manager
  7. Deputy Managing Director

Various stages of promotion in LIC:

  1. Assistant Administrative Officer
  2. Administrative Officer
  3. Assistant Divisional Manager
  4. Divisional Manager
  5. Senior Divisional Manager
  6. Zonal Manager

Perks of SBI PO vs LIC AAO

As both of these are government jobs and include a lot of perks (that’s what government job is for, isn’t?). Here are a few perks a candidate enjoys on respective posts.

SBI PO BenefitsLIC AAO Benefits

Contribution pension scheme and a new pension scheme

Defined contributory pension
 

100% Medical aid for self and for 75% for family 

 

Special allowance for passing the actuarial examination

LTCGratuity
Home travel concession/ leave fare concessionLTC
Concessional interest rates for housing/car/personal loansCash medical benefit
Group med claim
Group personal accident insurance
Group insurance
Vehicle loan (2-wheeler/4-wheeler) as per rules.

Based on the above factors, it can be observed that either of these profiles have their own advantages and disadvantages. It depends on the candidates what he/she opts for.

If working under pressure with better remuneration and no choice of place of posting suits a candidate, then SBI PO is a better job profile.

For candidates preferring a smoother work-life balance with urban stay and decent pay, then LIC AAO would fit perfectly in their career.

Both of these exams need proper planning and preparation, thus, candidates should analyze each and every factor while opting for either of these options.

SBI PO vs LIC AAO FAQS

Which exam is tough, LIC AAO, or SBI PO?

Practically speaking LIC AAO should be easier than SBI PO since it is for AAO but LIC exams are trendsetters. They have been seen setting touch papers than SBI PO lately.

Which is better LIC AAO or SBI PO?

Certainly, SBI PO has far more workload than SBI PO. Hence, if you are looking for a relaxed personal life, then LIC AAO offers you a better personal life. But this comes at the cost of exposure. The kind of exposure you will get working as SBI PO, you will not get in LIC AAO

Is LIC AAO a good job?

LIC Assistant Administrative Officer (AAO) is one of the best entry-level jobs in the insurance sector and hence, is highly demanding. Lakhs of candidates appear for the LIC AAO exam to start their careers in the insurance sector.

Is AAO a gazetted officer?

The Assistant Audit Officer (AAO) post is one of the most preferred posts among SSC CGL Aspirants. As it has been introduced newly and the grade pay as compared to other jobs is higher, therefore, it attracts more registrations and applications. It also happens to be the only gazetted officer post.

What is the starting salary of LIC AAO?

The Basic Pay is 32,795/- p.m with increment a LIC AAO can get upto 62,315/- p.m

What is the SBI PO Salary?

The total compensation per annum on CTC basis is Rs 8.20 lakhs (minimum) and Rs 13.08 lakhs (maximum) depending on the place of posting.

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