LIC AAO Interview Questions
- Introduce yourself.
- Why do you want LIC?
- What are the other jobs of LIC in the country?
- Explain different types of insurance policies.
- What type of insurance policies are there?
- Are LIC policies used by people to save tax?
- How your skills can be useful to LIC?
- Tell about educational background.
- What is an insurer?
- Define the terms- underwriting, sales, agent.
- How many private life insurance companies in India?
- Which is on top among them?
- Name public general insurance companies.
- How many private general insurance companies are there?
- Why LIC?
- Why should we hire you?
- What are your strengths and weaknesses?
- What is the difference between confidence and overconfidence?
- Difference between hard work and smart work?
- Are you willing to relocate or travel?
- Can you work under pressure?
- What motivates you for this job?
- What are your outside interests?
- How do you feel about working nights and weekends?
- What was the toughest decision you ever had to make?
- Where do you see yourself in 5 years from now?
- According to your definition of success, how successful have you been so far?
- Why do you want job in a Government Institution when you can get better salary in Private Jobs?
- What are your career goals?
- What is the reason for the current fall of Indian economy?
- What is the reason for sudden slump in value of rupee and bourses?
- What are quasi sovereign bonds?
- What do you know about Planning Commission and its Chairman etc.
- How can social media be used for marketing?
- How is E-commerce related to social media?
- What is a media trial?
- What is needed for insurance?
- Who is a policyholder?
- What is indemnity?
- What is contract?
- What is your favorite game?
- Do you explain who can buy a policy?
- Where is corporate office of LIC located?
- What are some of the objectives of LIC?
- When did the LIC of India come into existence?
- How is your field experience useful in performing this job?
- How these qualifications are helpful to you in discharging the duties of Development Officer?
- What do you know about this job?
- How do you differentiate between Marketing and Sales?
- What are the different types of Insurance coverage?
- Define Insurance Coverage in layman’s terms?
- What is a premium?
- What is an insured?
- Who is the beneficiary?
- What is the contestable period in an insurance policy?
- What is the difference between “revocable beneficiary” and “irrevocable beneficiary”?
- What is no-claim bonus?
- What is ‘declaration page’ in insurance policy?
- What do you mean by ‘Loss Payee’?
- What do you mean by ‘Deductible’?
- What is Co-insurance?
- What do you mean by term “Annuity”?
- What is the Surrender Value?
- What is Paid Value?
- Is it advisable to replace the policy with another policy?
- How to claim the policy?
- What happens if you fail to make required premium payments?
- Is it safe to pay the premium through Insurance Agent?
- Is it possible to get the full payment on cancelling the new policy in free look period?
- What is the difference between the participating and non-participating policy?
- Is it possible to restrict the premium payment for a lesser number of years than the duration of the policy?
- Can beneficiary claim the policy if the insured person is missing or disappeared for several years?
- What is ‘schedule of loss’ in home insurance?
- What is the difference between the ‘All perils’ and ‘Specified perils’ coverage in home insurance coverage?
- What is a ‘PLPD’ insurance stand for?
- What is the difference between the ‘single limit liability’ coverage and ‘split liability coverage’?
- What is ‘gap insurance’?
- What is Personal Accident cover?
- What is third party Insurance?
- What is ‘group life’ insurance?
- What is an ‘Endowment Policy’?
- What is Elimination period in insurance?
- What do you know about term life insurance?
- Define general life insurance.
- What is cash value?
- What is subrogation?
- Tell us something important to you?
- What are the obligations and elements of IRDA?
- What is the FDI limit in Insurance sector?
- What are the destinations of LIC?
- What is the part of Development Officer?
- What do you know about Schedule 6?
- What are current tax exemption limits?
- How do you handle criticisms?
- Why do you think you will succeed in this job?
- What motivates you to do your best while working?
- What is more important work or money?
- How will you compensate your lack of experience?
- What would you like to do – lead or follow?
- Describe your management style.