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Banking
Verified Statutory Lexicon · Last Reviewed: Sep 07, 2026

Full Form of LIC

Official Full Form & Meaning
Life Insurance Corporation of India
हिंदी अर्थ: भारतीय जीवन बीमा निगम
Conducting / Regulatory Authority Ministry of Finance
Official Authority Portal licindia.in

1. Official Mandate, Scope & Background

Life Insurance Corporation of India (LIC) is India's largest statutory public sector insurance corporation and institutional investor, established under the LIC Act 1956. It conducts nationwide recruitments for Assistant Administrative Officers (AAO), Apprentice Development Officers (ADO), and Assistants.

2. Eligibility Criteria, Qualifications & Age Limits

AAO (Generalist): Bachelor's degree in any discipline from a recognized university. Age Limit: 21 to 30 years as of the recruitment notification date.

3. Examination Scheme & Selection Procedure

Phase-I: Preliminary Examination (Reasoning, Quantitative Aptitude, and English Language). Phase-II: Main Examination (Objective + Descriptive English Language). Phase-III: Personal Interview and Pre-recruitment Medical Examination.

4. Core Syllabus & Key Subjects

Reasoning Ability, Quantitative Aptitude, General Knowledge & Current Affairs, Insurance and Financial Market Awareness, and English Essay/Letter Writing.

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