Life Insurance Corporation of India (LIC) invites online applications from eligible Indian Citizens for appointment to the post of Assistant Administrative Officer (AAO) Specialist. Here we are sharing the Important information about the latest notification about Number of vacancies, Exam pattern and Syllabus for LIC AAO (Legal) Exam according to the latest pattern. This syllabus isn't official, we have framed this syllabus based on the latest exam trends and previous year's papers.
Educational Qualification
|
Position |
Essential Academic Qualification |
|---|---|
|
AAO (Legal) |
Bachelor’s degree in Law or LLM from a recognized Indian University/Institution. Three years of Bar experience is essential. |
Age Criteria
|
Position |
Age as on 01.02.2020 |
|
|---|---|---|
|
Minimum age |
Maximum age |
|
|
AAO (Legal) |
21 |
30 |
Note: Candidates must have been born not earlier than 02.02.1990 and not later than 01.02.1999 both days inclusive only are eligible.
Probation
- 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.
Guarantee Bond
- Before joining as a Probationer, candidates will be required to give the undertaking to serve LIC for a minimum period of four years from the date of joining (including the 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.
Application fees/ Intimation charges (Non-refundable)
|
Category |
Amount of Fees / Intimation Charges |
|---|---|
|
SC/ST/ PwBD candidates |
Intimation Charges of Rs. 85/- +Transaction Charges + GST |
|
All Others |
Application Fee-cum-Intimation Charges of Rs. 700/- + Transaction Charges + GST |
Exam Pattern
Phase-I: Preliminary Examination
|
Name of the tests |
No. of Questions |
Maximum Marks |
Minimum Qualifying Marks |
Duration |
|
|---|---|---|---|---|---|
|
SC/ ST/ PwBD |
Others |
||||
|
Reasoning Ability |
35 |
35 |
16 |
18 |
20 minutes |
|
English Language with special emphasis on grammar, vocabulary and comprehension |
30 |
30** |
9 |
10 |
20 minutes |
|
Quantitative Aptitude |
35 |
35 |
16 |
18 |
20 minutes |
|
Total |
100 |
70 |
|
|
1 hour |
Phase-II: Main Examination
|
Name of the tests |
No. of Questions |
Maximum Marks |
Minimum Qualifying Marks |
Duration |
|
|---|---|---|---|---|---|
|
SC/ST/PwBD |
Others |
||||
|
Reasoning Ability |
30 |
90 |
40 |
45 |
40 minutes |
|
General Knowledge, Current Affairs |
30 |
60 |
27 |
30 |
20 minutes |
|
Professional knowledge |
30 |
90 |
40 |
45 |
40 minutes |
|
Insurance and Financial Market Awareness |
30 |
60 |
27 |
30 |
20 minutes |
|
English Language (Legal Drafting) |
2 |
25 |
9 |
10 |
30 minutes |
Syllabus for Preliminary Examination
Quantitative Aptitude
- Data Interpretation
- Data Sufficiency
- Number Series
- Time and Work
- Time and Distance
- Simple and Compound Interest
- Ratio and Proportion
- Averages
- Mixture and Allegation
- Pipes and Cisterns
- Problems based on trains
- Percentages
- Partnership
- Clocks
- Permutation and Combinations
- Probability
- Profit, Loss and Discount
- Elements of Algebra
- Quadratic Equations
Reasoning Ability
- Coding & Decoding
- Syllogism
- Machine Input Output
- Puzzles
- Seating Arrangements
- Direction Sense Test
- Blood Relations
- Problems based on Ages
- Ranking and Order
- Data Sufficiency
- Statement and Conclusions
- Statement and Assumptions
- Statement and Arguments
- Logical Reasoning
- Alphanumeric series
- Inequalities
- Tabulation
- Analogy and classification
- Clocks and Calendar
- Non- Verbal Reasoning
English Language
- Reading Comprehensions
- Para Jumbles
- Para Completion
- Vocabulary
- Error Spotting
- Sentence Improvement
- Cloze test
- Rearrangement of sentences
Syllabus for Mains Examination
Reasoning Ability
- Coding & Decoding
- Syllogism
- Machine Input Output
- Puzzles
- Seating Arrangements
- Direction Sense Test
- Blood Relations
- Problems based on Ages
- Ranking and Order
- Data Sufficiency
- Statement and Conclusions
- Statement and Assumptions
- Statement and Arguments
- Logical Reasoning
- Alphanumeric series
- Inequalities
- Tabulation
- Analogy and classification
- Clocks and Calendar
- Non- Verbal Reasoning
General Knowledge
- Current affairs
- Economic News
- Banking Awareness
- Sports
- Awards and Honors
- Books and Authors
- Government Schemes and Programmes
- Economic survey
- Union budget
- Appointments & Resigns
- Awards & Honours
- Committees
- Index & Ranking
- Military Exercise
- Science and Technology
- Summits and Conferences
Professional Knowledge
- Constitution of India
- Indian Contract Act, 1872
- Specific Relief Act, 1963
- IPC, 1860
- CrPC, 1973
- Indian Evidence Act, 1872
- CPC, 1908
- Jurisprudence and Interpretation of Statutes
- Important Latin terms and maxims
- Law of Torts and Consumer Protection Act, 2019
- Arbitration and Conciliation Act, 1996
- Transfer of Property Act, 1882
- Companies Act, 2013
- Limited Liability Partnership Act, 2008
- SEBI Act, 1992
- SC(R) Act, 1956
- Depositories Act, 1996
- Taxation law
- Indian Partnership Act, 1932
- Law of Trusts – Parties to a Trust Deed and Duties of Trustees
- Reserve Bank of India Act, 1934
- Negotiable Instruments Act 1881
- Foreign Exchange Management Act,1999
- The Prevention of Money Laundering Act, 2002
- Information Technology Act, 2000
- Limitation Act, 1993
- Banker’s Books Evidence Act, 1891
- The Recovery of Debts due to Banks and Financial Institutions (DRT) Act,1993
- Consumer Protection Act, 1986
- Banking Ombudsman Scheme, 2006
- Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002
- The Right to Information Act, 2005
- Transfer of Property Act, 1882
- Banking Regulation Act, 1949
- Credit Information Bureau (India) Limited, 2000
Insurance and Financial Market Awareness
Insurance Awareness
- Insurance – history and types
- Principles of insurance
- Government schemes related to insurance
- Legal principles of an insurance contract
- IRDA – powers and functions
- Grievance redressal mechanism
- Documentation
- Claims procedure
- Insurance Terms
- Underwriting
Financial Awareness
- Financial markets
- Banking awareness
- Derivatives
- Stock exchanges
- Mutual funds
- Depositories
- Regulatory organizations
- International financial organizations
- Interim budget
- RBI, SEBI and IRDA’s important circulars
- Government schemes related to financial markets
- Tax provisions related to financial markets
English Language
- Legal drafting
