The LIC AAO and NIACL AO examinations are two of the most prestigious exams that applicants can participate in insurance. Since both examinations are for insurance professionals, students get confused about making the right choice. The LIC AAO and NIACL AO exams both offer their own set of advantages. Candidates applying for either of the examinations need to be fully aware of the requirements before choosing.
This article covers the basic eligibility criteria, benefits and expected job prospects, and salaries for the LIC AAO exam and the NIACL AO exam, along with a brief description of both.
What is the LIC AAO examination?
The LIC AAO examination is offered by LIC (Life Insurance Corporation of India). It is for an Assistant Administrative Officer in different sectors such as legal, IT, actuarial sciences, CA, and Rajbhasha. Each sector has its own set of requirements and prerequisites that candidates need to meet to be eligible for the examination and the LIC AAO certification.
The basic eligibility criteria for the exam includes the following:
- All candidates must be Indian to be eligible.
- All candidates need to have at least an undergraduate degree.
- They need to be fluent in the regional language.
- The age group for eligibility for the LIC AAO exam is between 21 and 30 years.
- Candidates need to have basic computer knowledge.
What are the exam details for the LIC AAO examination?
The candidates have one hour to solve 100 questions in the exam. The minimum passing requirement of scores is decided after all the candidates have appeared for the examination. The exam is divided into three main categories, which are:
- Quantitative aptitude with 35 questions
- Logical reasoning with 35 questions
- English language with 30 questions
What is the NIACL AO examination?
The NIACL AO exam is offered by New India Assurance Co. Ltd. It is also for an Administrative Officer position in the insurance industry. There are three stages that candidates have to pass to be able to pass the examination. The stages are:
- The preliminary stage
- The main examination
- Personal interview
The preliminary stage is an online exam with three main categories. Candidates have one hour to answer 100 questions divided into the following sections:
- Reasoning, consisting of 35 questions
- Quantitative aptitude, consisting of 35 questions
- English language, consisting of 30 questions
After the candidates pass the preliminary stage, they are allowed to appear for the Mains examination. The exam has 200 questions and candidates have two hours to solve them. The categories are divided into the following:
- Quantitative aptitude, with 50 questions
- Reasoning, with 50 questions
- English language, with 50 questions
- General awareness, with 50 questions
Candidates also have to answer two descriptive questions and they have 30 mins to answer them. They carry 30 marks.
The final stage is the personal interview. The candidate’s IQ, EQ, and general vocational abilities are tested before they pass.
What are the main differences between the LIC AAO and the NIACL AO examinations?
The main differences in the exam structure for LIC AAO and NIACL AO examinations have been discussed above. Some other points of difference include the following:
- The job role of a LIC AAO certified professional is concerned with settling customer queries, dealing with customers, and helping seniors design new schemes. It is essentially a desk job. Those who have passed the NIACL AO exam are more involved in the development of policies, interacting with clients, and audits.
- In terms of salary, those who clear the LIC AAO exam to earn a higher wage as compared to those who clear the NIACL AO exam.
- The job profile of the candidate who passes the LIC AAO exam is more clerical whereas the job profile of those who pass the NIACL AO exam takes a more supervisory role.
- Promotions are based on experience for those who clear the LIC AAO exam and promotions are based on internal examinations, testing, certifications, and experience for those who clear the NIACL AO examination.
- Those who complete the LIC AAO exam have the chance of getting placed in either urban or rural areas and those who complete the NIACL AO exam get placed in urban areas only.
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