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Update: The Preliminary Examination for the Recruitment of LIC AAO Specialist Officer (SO) 2020 which is scheduled for April 4, 2020, is postponed. The new date hasn’t been announced yet. We’ll let you know when there is any further information on the LIC AAO Specialist Officer (SO) 2020 Prelims Date. 

Read: LIC AAO Specialist 2020- Prelims Postponed

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Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India. The Life insurance Corporation of India was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

LIC provides lots of good opportunities for government job aspirants to work in the insurance sector. This year, LIC has come up with LIC AAO Specialist Officer (SO) 2020 notification which has 168 vacancies. This is a golden opportunity for the insurance aspirants and especially now when the Prelims date is postponed, you should put all your efforts towards your preparation and get a government job. In this article, we have come up with all the important details of the LIC AAO Specialist notification like exam dates, eligibility criteria, Salary, exam pattern, syllabus, selection process etc.

LIC AAO Specialist Officer (SO) 2020 Vacancies

The total number of vacancies for LIC AAO Specialist Officer (SO) is 168 for different posts. The different posts are LIC AAO (CA), LIC AAO (Actuarial), LIC AAO (Legal), LIC AAO (Rajbhasha) and LIC AAO (IT).

PostSCSTOBCEWSURTOTALPwBD (LD)PwBD (VI)PwBD (HI)PwBD (ID/MD)
AAO (CA)6311416401 11
AAO (Actuarial)438312301 11
AAO (Legal)7310416401112
AAO (Rajbhasha)112048 112
AAO (IT)7414520501 1 
Total25144516681684256

Note: Candidate should apply for any ONE post only. Applications made for more than one post will render all the applications of the candidate invalid.

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LIC AAO Specialist Officer (SO) 2020 Important Dates

Know all the Important Dates of LIC AAO Specialist Officer (SO) below. As mentioned above, the Prelims for the Recruitment of LIC AAO Specialist Officer (SO) which was scheduled for April 4, 2020, is postponed. 

ActivityDates
Start  date  for Online Registration of Applications and Online Payment ofApplication Fee/ Intimation Charges25.02.2020
Last date for Online Registration & Online Payment of ApplicationFee/Intimation Charges15.03.2020
Download of Call Letter for Online Preliminary ExaminationFrom 27.03.2020 to 04.04.2020 (postponed because of coronavirus pandemice)
Dates of Online Examination – Preliminary (tentative)4th April 2020 (postponed because of coronavirus pandemice)
Dates of Online Examination – MainWill be informed later

LIC AAO Specialist Officer (SO) 2020 Eligibility Conditions

LIC AAO Specialist Officer (SO) 2020 Age Limit

Minimum: 21 years

Maximum: 30 years

In other words, candidates must have been born not earlier than 02.02.1990 and not later than 01.02.1999 (both days inclusive) only are eligible.

LIC AAO Specialist Officer (SO) 2020 Educational Qualifications

For LIC AAO (Chartered Accountant)– Bachelor’s Degree from a recognized Indian University/Institution and Candidates should have passed Final Examination of Institute of Chartered Accountant and completion of Articles as presented by Institute of Chartered Accountant. The candidate should be Associate member of Institute of Chartered Accountants of India. Candidates should provide their membership number and the same will be verified with Institute of Chartered Accountants of India.

For LIC AAO (Actuarial)– Bachelor’s Degree in any discipline from a recognized Indian University/Institution and Candidates should have compulsorily passed 6 or more papers of the examination conducted by the Institute of Actuaries of India / Institute and Faculty of Actuaries, UK. as on the date of eligibility i.e. 1st February, 2020. Candidates should provide their membership number and the same will be verified with Institute of Actuaries of India / Institute and Faculty of Actuaries, UK.

For LIC AAO (Legal)- Bachelor’s degree in Law or LLM from a recognized Indian University/Institution. Three years Bar experience is essential

For LIC AAO (Chartered Accountant)– Bachelor’s Degree from a recognized Indian University/Institution and Candidates should have passed Final Examination of Institute of Chartered Accountant and completion of Articles as presented by Institute of Chartered Accountant. The candidate should be Associate member of Institute of Chartered Accountants of India. Candidates should provide their membership number and the same will be verified with Institute of Chartered Accountants of India.

For LIC AAO (Actuarial)– Bachelor’s Degree in any discipline from a recognized Indian University/Institution and Candidates should have compulsorily passed 6 or more papers of the examination conducted by the Institute of Actuaries of India / Institute and Faculty of Actuaries, UK. as on the date of eligibility i.e. 1st February, 2020. Candidates should provide their membership number and the same will be verified with Institute of Actuaries of India / Institute and Faculty of Actuaries, UK.

For LIC AAO (Legal)- Bachelor’s degree in Law or LLM from a recognized Indian University/Institution. Three years Bar experience is essential

Note:

  • All the educational qualifications mentioned should be from a University/Institute/ Board recognized by Govt. of India / approved by the Government Regulatory bodies and the result should have been declared on or before 01.02.2020.
  • Candidates can apply for only one post. In case of multiple applications, all the applications of the candidate will be summarily rejected.

LIC AAO Specialist Officer (SO) 2020: How to Apply

Candidates can apply online for LIC AAO Specialist Officer (SO) 2020 from 25.02.2020 to 15.03.2020. No other mode for application will be accepted.

LIC AAO Specialist Officer (SO) 2020: Application Fee

Candidates will have to make the payment of Application Fees/Intimation Charges through the On-Line Mode as under:

  • For SC/ST/ PwBD candidates: Intimation Charges of Rs. 85/- +Transaction Charges + GST
  • For all other candidates: Application Fee-cum-Intimation Charges of Rs. 700/- + Transaction Charges + GST 

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LIC AAO Specialist Officer (SO) 2020 Selection Procedure

The selection procedure of LIC AAO Specialist Officer (SO) 2020 is in 3 stages. 1 stage is Prelims exam which is followed by Mains exam followed by Interview.

Prelims => Mains => Interview

LIC AAO Specialist 2020 Phase I Exam Pattern

SectionName of the testsNumber of QuestionsMaximum MarksMedium of ExamMinimum Qualifying Marks (SC/ST/ PwBD)Minimum Qualifying Marks (Others)Duration
1Reasoning Ability3535English & Hindi161820 minutes
2English Language with special emphasis on grammar, vocabulary and comprehension3030**English91020 minutes
3Quantitative Aptitude3535English & Hindi161820minutes
 Total10070    

Note:

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  • English Language test will be of qualifying nature and the marks in English Language will not be counted for ranking.
  • Candidates equal to 20 times of number of vacancies in each category, subject to availability, will be shortlisted for Main examination.

LIC AAO Specialist 2020 Phase II Exam Pattern

Candidates who clear the Phase I have to take the Phase II exam. Below is the exam pattern of LIC AAO Specialist Phase II exam.

SectionName of the testsNumber of QuestionsMaximum MarksMedium of ExamMinimum Qualifying Marks (SC/ST/ PwBD)Minimum Qualifying Marks (Others)Duration
1Reasoning Ability3090English & Hindi404540 minutes
2General Knowledge, Current Affairs3060English & Hindi273020 minutes
3Professional knowledge3090English & Hindi404540 minutes
4Insurance and Financial Market Awareness3060English & Hindi273020 minutes
 Total120300   2 hours
5English Language (Letter writing & Essay)/ Legal drafting for AAO (Legal)225**English91030 Minutes

Note:

  • **Descriptive test of English Language etc. will be of qualifying nature and the marks in English Language will not be counted for ranking.

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LIC AAO Specialist 2020 Interview

Marks obtained in the Main Examination only will be considered for short listing for interview.

LIC AAO Specialist Officer (SO) 2020 Salary

An LIC AAO’s pay scale is 32795-1610(14)-55335-1745(4)-62315. Salary of an LIC AAO will be 56,000 rupees (in class A city) but it will also depend on the place of posting and several other factors.

Read More: How much is the salary of an LIC AAO Specialist Officer?

LIC AAO Specialist Officer (SO) 2020 Probation & Guarantee Bond

  • A candidate after appointment shall be on probation for a period of one year from the date of joining. This period may be extended upto two years.
  • Before joining as a Probationer, candidates will be required to give an undertaking to serve LIC for a minimum period of four years from the date of joining (including probationary period) failing which, he/she or his /her heirs, executors, administrators will be liable to pay liquidated damages of Rs.5,00,000/-only (Rupees Five Lakhs only) + GST or the sum of amount the Executive Director (Personnel) may prescribe from time to time. GST or any other tax payable shall also be borne by the candidate. The candidate will have to submit Deed of Indemnity and surety at his cost, duly stamped and notarized, the stamp value of which will be as applicable to the State in which the deed is executed by the candidate. 

LIC AAO Specialist Officer (SO) 2020 Prelims Syllabus

Knowing the syllabus of LIC AAO Specialist Officer (SO) 2020 Prelims is very important. Ensure that you clarify the concepts of each of the topics mentioned below and practice as many questions as you can.

LIC AAO Specialist 2020- Prelims Syllabus & List of Books

LIC AAO Specialist Officer (SO) 2020 Previous Year Cut-Offs

For your convenience, we are providing the past years’ cut-offs here. Nobody can predict the cut-offs of the upcoming exam, but this will definitely help you get an idea.

LIC AAO 2019 Prelims, Mains & Interview- Section-wise & Overall Cut-offs

S.NoDetailsUR EWSOBCSCSTLDVIHIID/MD
P1Reasoning Ability – qualifying marks18.0018.0018.0016.0016.0016.0016.0016.0016.00
P2Quantitative Aptitude – qualifying marks18.0018.0018.0016.0016.0016.0016.0016.0016.00
P3Englih Language – qualifying marks10.0010.0010.0009.0009.0009.0009.0009.0009.00
C1Cut off -Prelims58.0053.0054.0050.0044.0053.0053.0032.0032.00
M1Reasoning Ability – qualifying marks45.0045.0045.0040.0040.0040.0040.0040.0040.00
M2General Knowledge, Current Affairs- qualifying marks30.0030.0030.0027.0027.0027.0027.0027.0027.00
M3Professional Knowledge – qualifying marks45.0045.0045.0040.0040.0040.0040.0040.0040.00
M4Insurance and Financial Market Awareness- qualifying marks30.0030.0030.0027.0027.0027.0027.0027.0027.00
M5English Language – qualifying marks10.0010.0010.0009.0009.0009.0009.0009.0009.00
C2Cut off- Main203.00166.00164.00153.00156.00172.00180.00167.00185.00
IInterview- Qualifying Marks30.0030.0030.0027.0027.00****
C3Cut off for final selection ( Mains+ Interview)258.00248.00246.00219.00190.00203.00233.00218.00237.00

This is all from us in this article. If you have any feedback for us, please write it in the comment box below.

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