Insurance Exam 2022: List of Upcoming Insurance Exams in India, Syllabus, Preparation

By Amrit Gouda|Updated : May 25th, 2022

Insurance exams are bank exams conducted by the Insurance sector for various posts as per their requirement. The insurance industry has been one of the essential focal points of significant employment opportunities. With time it has gained maximum benefits and attention of candidates. The insurance exam is divided into various categories and subcategories. This article is your one-stop for Insurance exams 2022 and everything you need to know about it.

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Table of Content

Type of Insurance Exam in India

There are numerous insurance exams conducted every year for the recruitment of candidates in the insurance sector. IRDA-Insurance Regulatory and Development Authority of India is the main body responsible for maintaining the growth and promoting the insurance industry in India. Insurance exams are conducted at regular intervals in India and candidates across the country wait for the recruitment to be performed each year. Insurance companies are divided into two parts:

1. Life Insurance Companies

As the name suggests Life insurance companies give life insurance offer coverage for the life of individuals. The coverage may vary as per the company policies but the Life insurance companies only cover policies related to an individual’s life. 

2. Non-Life Insurance Company

The non-life insurance companies offer coverage for our daily living like travel, health, our car and bikes, and home insurance.

As we discussed earlier there are various kinds of insurance exams conducted by IRDA. Here we have provided a detailed insurance exams list that can help you understand this sector in a  better way-

  1. LIC - Life Insurance Corporation of India
  2. NIACL - New India Assurance Company Limited
  3. NICL - National Insurance Company Limited
  4. OICL - Oriental Insurance Company Limited
  5. UIIC - United India Insurance Company
  6. IRDA - Insurance Regulatory and Development Authority of India

To know more about these exams continue reading the article.

Insurance Exams Overview

Candidates interested in Insurance exams can check out the tabulated data collected by our experts to have an overview of all the insurance exams and important highlights to keep in mind for the insurance exam 2022.

Insurance Exams 2022 

Conducting Body

Insurance Exams

Life Insurance Corporation Limited (LIC)

LIC ADO

LIC AAO

LIC HFL

New India Assurance Co. Limited (NIACL)

NIACL Assistant

NIACL Administrative Officer

National Insurance Company Limited (NICL)

NICL Administrative Officer

Oriental Insurance Company Limited (OICL)

OICL Administrative Officer

United India Insurance Company (UIIC)

UIIC Administrative Officer

UIIC Assistant

Insurance Regulatory and Development Authority (IRDA)

IRDA Assistant Manager

List of Important Insurance Exams in India

LIC Exams

LIC stands for Life Insurance Corporation. It was established in 1956. LIC is one of the most popular, trustworthy, and largest insurance companies in India. The insurance exams conducted by LIC are for the following posts:

  1. LIC HFL
  2. LIC AAO
  3. LIC ADO

LIC HFL 

Life Insurance Corporation Housing Finance Limited (LIC HFL) is a housing finance company. As the name suggests its key objective is to provide long-term finance to people keen to purchase any flat or house for residential purposes. 

LIC HFL conducts the recruitment for three posts:

  1. LIC HFL Associate
  2. LIC HFL Assistant
  3. LIC HFL Assistant Manager

LIC HFL Exam Highlights

Conducting Body

Life Insurance Corporation Of India

Official Website

https://www.lichousing.com/

Salary

INR 23870/- (Assistant)

INR  35960/- (Associate)

INR 56000/- (Assistant Manager)

 

The exam pattern for LIC HFL is divided into three stages:

  1. Written Exam
  2. Interview
  3. Medical Test

The candidates who pass the written exam and interview are selected for the medical test, and then the final merit list of candidates is announced. Candidates applying for various posts under LIC HFL need to fulfill specific eligibility criteria. The eligibility criteria for the exam to be conducted are as mentioned below:

  1. Nationality: The candidate must be an Indian citizen
  2. Age limit: The candidate must be between 21 and 30 years of age.
  3. Educational Qualifications: Graduate from any Government recognized University in any discipline. Candidates applying for Associate must be intermediate in CA.

LIC AAO

The LIC AAO exam is conducted for the post of Assistant Administrative Officer in Life Insurance Corporation. LIC AAO exam is not a regular exam that is organized every year. LIC releases the LIC AAO recruitment notification as per the vacancy and requirements in the organization.

LIC AAO Exam Highlights

Conducting Body

Life Insurance Corporation of India

Post

Assistant Administrative Officer

Mode of Exam

Online

The LIC AAO recruitment is conducted for different specializations. The categories of the LIC AAO Exam are as follows:

  1. LIC AAO (Legal)
  2. LIC AAO (IT)
  3. LIC AAO (CA)
  4. LIC AAO (Actuarial)
  5. LIC AAO (Rajbhasha)

LIC AAO exam pattern is as follows. It is advised by our experts to be well acquainted with the exam pattern before starting your preparation.

  1. Preliminary Exam
  2. Mains Exam
  3. Interview
  4. Pre-Recruitment Medical Exam

The candidates who qualify for the LIC AAO exam are appointed on probation of 1 year and a guarantee bond of serving the company for a minimum of 4 years.

Candidates willing to apply for LIC AAO 2022 exam are required to meet specific eligibility criteria. The eligibility criteria for the Assistant Administrative Officer exam are as mentioned below:

  1. Nationality: The candidate must be a citizen of India
  2. Age Limit: The candidate must be between 21 and 30 years of age. Age relaxations are available for candidates belonging to a particular category.
  3. Educational Qualification: The candidate must hold a Bachelor’s degree from any Government recognized University. The education qualification is different for candidates to apply for different specializations.

LIC ADO

LIC recruits candidates for the post of Apprentice Development Officer under the recruitment of LIC ADO.

LIC ADO Exam Highlights

Conducting Body

Life Insurance Corporation of India

Post

Apprentice Development Officer

Mode of Exam

Online

The LIC ADO posts are divided into three categories which are as follows:

  1. Open Market category
  2. Employee category
  3. Agents category

LIC ADO exam pattern is similar for all three categories. LIC ADO exam pattern is divided into four phases which are as follows-

  1. Preliminary Exam
  2. Mains Exam
  3. Interview
  4. Medical Test

For the employee category, employees who are already serving LIC can apply, and thus they do not have to take the preliminary exam. Similar to LIC AAO; the LIC ADO exam is also not conducted at fixed intervals. It is completely proportional to the requirement of the organization.

LIC eligibility criteria play a pivotal role in a candidate’s selection and only the candidates who fulfill the requirements are allowed to apply for the post. The LIC ADO eligibility criteria are as mentioned below:

  1. Nationality: The candidate should be a citizen of India
  2. Age Limits: The candidate must be between 21 years and 30 years of age.
  3. Experience: Candidates applying for the LIC ADO exam need to be experienced for a minimum of 2 years. The experience required differs for candidates to apply for different posts.
  4. Educational Qualification: The applying candidate must be a graduate from any Indian University, approved for the fellowship of the Insurance Institute of India.

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NIACL Exams

NIACL is a non-life insurance company. NIACL stands for New India Assurance Company Limited. It is a multinational general insurance company that is active in our country since 1919. NIACL recruitment is mainly conducted for two positions:

  1. NIACL Assistant
  2. NIACL Administrative Officer

NIACL (New India Assurance Co. Ltd) is not only spreading in India but also in the foreign market. NIACL conducts exams at a regular interval and it is a really great opportunity for candidates preparing for Insurance exams. Continue reading to know the details about the recruitment process for NIACL assistants and NIACL administrative officers.

NIACL Assistant

NIACL Assistant is a post under New India Assurance Company Limited. The insurance company has not yet released the notification for the year 2022 for the position of NIACL Assistant.

In terms of Insurance exams, the NIACL Assistant is one which is highly sought after and is considered equivalent to a bank clerk, however, the pay scale, responsibilities, the designation is considered superior to the clerical cadre.

Details regarding the recruitment of NIACL assistants for the last two years have been mentioned below:

NIACL Assistant Exam Highlights 

Conducting Body

New India Assurance Company Limited

Post

Assistant

Official website

https://www.newindia.co.in/portal/

Mode of Exam

Online

NIACL Assistant exam pattern is similar for both categories. NIACL Assistant exam pattern is divided into three phases which are as follows-

  • Preliminary Exam
  • Mains Exam
  • Regional Language Test

The prelims exam is qualifying in nature, and marks scored in the main exam are counted for final merit. Once the merit is calculated, shortlisted candidates are called for the Regional Language Test. The candidates who qualify in the last two stages are finally appointed for the post of NIACL Assistant.

The eligibility criteria for the post of Assistant in NIACL are mentioned below:

  1. Nationality: The candidate must be a citizen of India or a subject of Nepal or Bhutan.
  2. Age Limit: Candidates between 18 years and 30 years of age can apply for the post. However, age relaxation is available for candidates of different categories.
  3. Educational Qualification: The candidate must be a graduate of any Government recognized University.

NIACL Administrative Officer (AO)

The NIACL AO recruitment drive is conducted for the post of Administrative Officer. The exam is conducted as per the demand of NIACL and candidates keen to apply for the post must frequently check the official website for vacancies and posts.

Given below are the details regarding the NIACL Administrative Officer exam 

NIACL Administrative Officer Exam Highlights

Conducting Body

New India Assurance Company Limited

Post

Administrative Officer

Mode of Exam

Online

The exam pattern for NIACL Administrative officers is divided into three stages:

  1. Preliminary Exam
  2. Mains Exam
  3. Interview

The NIACL AO exam eligibility 2022 criteria are described briefly:

  1. Nationality: Must be a citizen of India. Candidates who are subject to Nepal or Bhutan can also apply.
  2. Age Limits: candidate must be a minimum of 21 years and a maximum of 30 years of age
  3. Educational Qualification: The candidate must be a graduate from any Government recognized University in any discipline for the Generalist category. Candidates with specializations must possess a Bachelor’s degree in their specified field.

Relaxations are applicable for candidates belonging to a certain category. Candidates must also note that they are appointed for probation of one year and it is extendable for 2 years as well. Selected candidates will also have to sign a bond for serving the company for a minimum of 4 years.

NICL Exams

The National Insurance Company Limited has established in 1906 and in the year 2002, it became an independent insurance company in India. NICL conducts the exam for the post of Administrative Officer. The exam is conducted over certain intervals of time, depending upon the need of NICL. Candidates look forward to this job profile as it is one of the most prestigious posts in the insurance sector.

Given below is the information regarding NICL AO recruitment:

NICL Exam Highlights

Conducting Body

National Insurance Company Limited

Post

Administrative Officer

Mode of Exam

Online

Salary

Rs. 36,000

Official Website

https://nationalinsurance.nic.co.in/

The NICL exam is divided into three stages:

  1. Preliminary Exam
  2. Mains Exam
  3. Interview

The candidates applying for the post need to remember that the first stage of the exam is qualifying in nature and the final result is created based on the marks scored by a candidate in the main exam and interview.

The candidature of applicants depends upon the eligibility criteria mentioned by NICL in the notification. The eligibility criteria for candidates applying for NICL AO recruitment are as mentioned below:

  1. Nationality: The candidate must be a citizen of India or a subject of Nepal or Bhutan
  2. Age Limits: The candidate must not be more than 30 years of age and should have attained the age of 21 years. Age relaxations are available for candidates belonging to certain categories.
  3. Educational Qualifications: The candidate must possess a Bachelor’s degree in any discipline for the NICL AO Generalist category. Candidates applying in the specialized cadre must hold a Bachelor’s degree in their specialized field.

Candidates who qualify the eligibility criteria can apply and once the recruitment process is complete, selected candidates will be hired on probation for one year. Also, candidates must remember that they need to serve the company for a minimum of 4 years, failing which they will be liable to pay one year’s gross salary to NICL

OICL Exams

OICL (Oriental Insurance Company Limited) has launched various types of insurance covers to cater to the needs of both the urban and rural populations of India. OICL conducts recruitment for various posts, these posts include:

  1. Agents
  2. Assistant
  3. Administrative Officer (AO)

Among the three above-mentioned posts, OICL AO is one of the most admirable jobs in the country. Candidates eagerly await the notification to be released as this job offers a decent salary, and job profile and is one of the most reputed jobs in the insurance sector.

The OICL AO recruitment is not an annual procedure and the vacancies are released as per the requirement of the insurance company.

The table below shows the details about the OICL AO recruitment:

OICL AO Exam Highlights

Conducting Body

Oriental Insurance Corporation

Post

Administrative Officer

Official Website

https://orientalinsurance.org.in/

Mode of Exam

Online

Salary

Rs. 36,000

 The OICL AO recruitment is conducted in three stages:

  1. Preliminary Exam
  2. Mains Exam
  3. Interview

The final selection is based on the marks scored by a candidate in the mains exam and Interview. The final step is document verification. Candidates are appointed on probation of one year.

The selected candidates have to sign a guarantee bond, which implies that a candidate must work for the company for a minimum of 4 years or else needs to pay one year’s gross salary to the insurance company. 

Candidates applying for any post under the recruitment conducted by OICL, need to fulfill certain eligibility criteria. The criteria differ for people belonging to different categories.

The OICL AO eligibility criteria are as mentioned below:

Nationality: The candidate must be an Indian citizen.

Age Limits: The age limit for candidates must not be more than 30 years and should not be less than 21 years.

Educational Qualifications: The candidate must be a graduate in any discipline for applying in the OICL AO Generalist category. Candidates applying for specialized categories, need to be graduates in their specialized fields.

UIIC Exams

UIIC (United Indian Insurance Company) is one of India’s largest general insurance companies. The company has a variety of insurance products to provide insurance cover from bullock carts to satellites.

The recruitment under UIIC is conducted for different posts. The posts include:

  1. Assistant
  2. Administrative Officer

Given below are details about the UIIC AO recruitment:

UIIC Exam Highlights

Conducting Body

United India Insurance Company

Post

Administrative Officer

Official Website

https://uiic.co.in/

Mode of Exam

Online

Salary

Rs. 48,000

 The exam pattern for the recruitment of Administrative Officer in UIIC is as mentioned below:

  1. Written Exam
  2. Interview

UIIC reserves the right to change the exam pattern as and when they wish to. The candidates who are willing to apply need to go through the notification carefully before applying for the exam.

The eligibility criteria for candidates applying for UIIC Administrative Officer are as follows:

  1. Nationality: Applicant must be a citizen of India
  2. Age Limit: The candidate must be between 21 years and 30 years of age. Candidates from certain categories are also eligible for age relaxation.
  3. Educational Qualification: The candidate must be a graduate from any Government recognized University if applying for a Generalist cadre. The education qualifications differ for candidates applying for the specialized cadre.

UIIC Assistant Exam

The UIIC Assistant exam is conducted for the post of Assistant. The job profile for an Assistant in UIIC is that of a clerk in Banks. The roles include settling insurance claims of clients, take care of the administrative officer, and providing proper customer service and support.

The table below mentions the details about the UIIC Assistant:

UIIC Assistant Exam Highlights

Conducting body

United India Insurance Company

Post

Assistant

Mode of Exam

Online

The eligibility criteria for UIIC Assistant recruitment are, as mentioned below:

  1. Nationality: The candidate must be a citizen of the Indian
  2. Age Limits: The candidate must be between 18 years and 28 years of age. Age relaxation is applicable for candidates from different categories.
  3. Educational Qualification: The candidate must be a graduate of any Government recognized University with a Bachelor’s degree in any discipline. The candidate must also be well versed in the regional language of the state of recruitment.

Any candidate who satisfies the above-mentioned eligibility criteria and also qualifies the two stages of the recruitment process is finally selected for the post of Assistant in UIIC. Candidates can visit the official site for regular news about recruitment under the United India Insurance Company.

IRDA Exams

The insurance Regulatory and Development Authority (IRDA) is a statutory body formed under an Act of Parliament. IRDA is the highest regulatory body for the insurance sector in India. The IRDA exam is conducted at regular intervals of time, and the posts for which the IRDA exam is conducted are as mentioned below:

  1. Assistant Manager
  2. Manager (Grade B)
  3. Assistant General Manager (Grade C)
  4. Deputy General Manager (Grade D)
  5. General Manager (Grade E)

Among the posts mentioned above, the recruitment for IRDA Assistant Manger is conducted for graduates. The recruitment for all the other posts is conducted for candidates who have attained a minimum age of 45 years.

The table below shows the details about the recruitment of Assistant Manager in IRDA:

IRDA Exam Highlights

Conducting Body

Insurance Regulatory and Development Authority of India

Post

Assistant Manager

Official Website

https://www.irdai.gov.in/

Salary

Rs. 81,000

The exam is not an annual process, and IRDA recruitment is conducted based on the requirement of the company. The IRDA Assistant Manager exam is conducted for different specializations. The specializations beings legal, actuarial, accounts, and general.

The exam pattern for the post of Assistant Manager in IRDA is a three-stage exam:

  1. Preliminary Exam (Objective)
  2. Written Exam (Descriptive with 3 papers)
  3. Interview

The exam pattern mentioned above is only for the post of Assistant Manager. The pattern differs for different exams conducted by IRDA. The eligibility criteria are also different for different posts under IRDA Exams.

The above-mentioned data gives details about the different exams conducted in the insurance sector of India, and candidates must prepare accordingly for the upcoming insurance exams.

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FAQs

  • Insurance exams are bank exams conducted by the Insurance sector for various posts as per their requirement. The insurance industry has been one of the essential focal points of significant employment opportunities. There are numerous insurance exams conducted every year for the recruitment of candidates in the insurance sector. IRDA-Insurance Regulatory and Development Authority of India is the main body responsible for maintaining the growth and promoting the insurance industry in India. 

  • As the name suggests Life insurance companies give life insurance offer coverage for the life of individuals. The coverage may vary as per the company policies but the Life insurance companies only cover policies related to an individual’s life.

  • The non-life insurance companies offer coverage for our daily living like travel, health, our car and bikes, and home insurance.

  • There are various kinds of insurance exams conducted by IRDA. Here we have provided a detailed insurance exams list that can help you understand this sector in a better way-

    LIC- Life Insurance Corporation of India

    NIACL- New India Assurance Company Limited

    NICL- National Insurance Company Limited

    OICL- Oriental Insurance Company Limited

    UIIC- United India Insurance Company

    IRDA- Insurance Regulatory and Development Authority of India

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