Information about LIC Agent Exam
The LIC Agent Exam is an exam that is conducted by the Life Insurance Corporation of India (LIC) to find people who want to become insurance agents. The exam is held in India and is for people who meet certain criteria.
To take the LIC Agent Exam, you need to be at least 18 years old and no more than 45 years old. You also need to have at least passed your 10th standard exams.
The LIC Agent Exam is divided into two parts: the Preliminary Exam and the Main Exam. In the Preliminary Exam, you will be asked multiple-choice questions about things like Reasoning Ability, Numerical Ability, and English Language. In the Main Exam, you will be asked both objective and descriptive questions about things like Insurance and Financial Market Awareness.
If you pass the Main Exam, you will then need to take a medical exam and have a personal interview before you can become an LIC agent.
To prepare for the LIC Agent Exam, you can use resources provided by the LIC or find online resources and coaching programs. Some tips for passing the exam include managing your time well, practicing with past exam papers, and staying up-to-date on insurance and finance news.
To summarise, the LIC Agent Exam is an important exam for people who want to become insurance agents. The exam is divided into two parts and covers topics like reasoning, math, and language. If you pass the exam, you can become an LIC agent and help people with their insurance needs.
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Important information about the exam
These tables provide important information about the LIC Agent Exam and can help candidates understand what they need to do to prepare for the exam.
Table 1: Eligibility Criteria for LIC Agent Exam
| Eligibility Criteria | Details |
|---|---|
| Age Limit | Minimum 18 years, Maximum 45 years |
| Educational Qualifications | At least a 10th standard pass certificate |
| Experience | Not mandatory |
| Background | No criminal record or default history |
| Other Requirements | Must have a valid Aadhaar Card and PAN Card |
Table 2: Exam Pattern and Syllabus for LIC Agent Exam Preliminary Exam
| Section | Number of Questions | Maximum Marks | Topics |
|---|---|---|---|
| Reasoning Ability | 35 | 35 | Analogies, Similarities and Differences, Spatial Visualization, Spatial Orientation, Problem Solving, Analysis, Judgment, Decision Making, Visual Memory, Discrimination, Observation, Relationship Concepts, Arithmetic Reasoning, Verbal and Figure Classification, Arithmetical Number Series, Non-Verbal Series, Coding and Decoding, Statement Conclusion, Syllogistic Reasoning, Venn Diagrams, Puzzles |
| Numerical Ability | 35 | 35 | Number System, Simplification, Decimals and Fractions, Ratio and Proportion, Percentage, Mensuration, Time and Work, Time and Distance, Simple and Compound Interest, Profit and Loss, Average, Algebra, Geometry, Trigonometry, Data Interpretation |
| English Language | 30 | 30 | Reading Comprehension, Cloze Test, Error Spotting, Para Jumbles, Phrase Replacement, Fill in the Blanks, Vocabulary, Grammar, Verbal Ability |
Table 3: Exam Pattern and Syllabus for LIC Agent Exam Main Exam
| Section | Number of Questions | Maximum Marks | Topics |
|---|---|---|---|
| Objective Questions | 150 | 150 | Insurance and Financial Market Awareness, Reasoning Ability, Numerical Ability, General Knowledge and Current Affairs |
| Descriptive Questions | 2 | 50 | Insurance and Financial Market Awareness, English Language |
These tables provide important information about the LIC Agent Exam and can help candidates understand what they need to do to prepare for the exam.
The difficulty level of the LIC Agent Exam may vary for different candidates, depending on their level of preparation, aptitude, and familiarity with the exam pattern and syllabus.
However, it is important to note that the LIC Agent Exam is a competitive exam that tests the knowledge and skills of candidates in various areas related to insurance and financial markets, as well as their ability to reason, analyze, and communicate effectively.
Therefore, candidates who have a strong foundation in the relevant topics, practice regularly, and understand the exam pattern and syllabus well, may find the LIC Agent Exam relatively easier than others.
On the other hand, candidates who are not well-prepared, do not have a good grasp of the relevant topics, or are not familiar with the exam pattern and syllabus, may find the LIC Agent Exam challenging.
In summary, the difficulty level of the LIC Agent Exam is subjective and may vary depending on the candidate’s preparation, aptitude, and familiarity with the exam pattern and syllabus.
Sample questions asked in lic agent exam
Here are some sample questions that may be asked in the LIC Agent Exam:
- What is the maximum age limit for buying LIC’s Jeevan Anand policy? a) 50 years b) 55 years c) 60 years d) 65 years
- Which of the following is not a benefit provided by a Unit-Linked Insurance Plan (ULIP)? a) Life cover b) Investment returns c) Tax benefits d) Guaranteed income
- What is the minimum lock-in period for a ULIP investment? a) 1 year b) 3 years c) 5 years d) 7 years
- What is the meaning of ‘Nominee’ in a life insurance policy? a) The person who receives the sum assured in case of death of the policyholder b) The person who pays the premium on behalf of the policyholder c) The person who sells the policy to the policyholder d) The person who reviews the policy every year
- What is the maximum amount of tax deduction available under Section 80C of the Income Tax Act for life insurance premiums? a) Rs. 25,000 b) Rs. 50,000 c) Rs. 75,000 d) Rs. 1,00,000
- What is the meaning of ‘Surrender Value’ in a life insurance policy? a) The value of the policy if the policyholder surrenders it before maturity b) The value of the policy if the policyholder surrenders it after maturity c) The value of the policy if the policyholder stops paying the premium d) The value of the policy if the policyholder makes partial withdrawals
These sample questions give a glimpse of the kind of topics and concepts that may be tested in the LIC Agent Exam. Candidates who are preparing for the exam should study the relevant topics and practice answering similar questions to improve their chances of success.