What is the purpose of LIC?

The primary objective of LIC of India is to spread the importance of life insurance widely in the rural areas and people belonging to socially and economically backward classes. The company functions with a view of providing such individuals with financial cover against death at a reasonable cost.

What is LIC and its benefits?

LIC envisages your individual insurance needs and renders plans that suit you best. The dual advantage of protection and savings, integrated with financial assistance keep you insured lifelong. It is one of the oldest Life Insurance company in India.

What is LIC explain in detail?

LIC Full Form and Definition. LIC stands for Life Insurance Corporation of India. It started its operations as a corporate firm in September 1956 after the Life Insurance of India Act was passed by India’s Parliament in June 1956. It is one of the largest financial institutions in India.

What is the job in LIC?

LIC ADO is a sales administrative job….LIC Exam For ADO Post.

LIC Exam- ADO 2019
Name of the conducting body	Life Insurance Corporation of India
Mode of examination	Online computer-based
Name of the post	Apprentice Development Officer
Total vacancies	8,581

Is LIC a govt job?

No. LIC is a public sector institution and its Development Officer is a public sector employee. Yes very much a Govt Job.

How many plan are there in LIC?

Top 6 LIC Plans In India 2020

LIC Plans	Type of Plan	Age at Entry (in years)
LIC Tech Term Plan	Pure Term Insurance plan	18 – 65
LIC New Children’s money-back Plan	Traditional money-back Child Plan	0 – 12
LIC New Jeevan Anand	Endowment Plan	18 – 50
LIC Jeevan Umang	Whole Life + Endowment Plan	90 days-55 years

What is the salary of LIC chairman?

Rs 35 lakh per annum
The chairman’s salary in LIC is currently Rs 35 lakh per annum.

Can 12th pass apply in LIC?

LIC Recruitment 2021 | The golden opportunity of government job for the 12th pass has come for LIC recruitment for 2021. Ready office assistants will be recruited in LIC department as soon as possible. Candidates are requested to apply for LIC recruitment after reading the LIC official notification.

What is the salary of LIC?

LIC AAO Salary Structure

Particulars	Amounts
Basic pay at the time of joining	INR 53,600 per month
Increment on an annual basis	INR 2645 for the next 14 years from the date of joining
Basic pay after 14 years	INR 90,630 per month
Annual Increment after 14 years	INR 2865 for next 4 years

Which job is best in LIC?

LIC Assistant Administrative Officer (AAO) is one of the best entry-level jobs in the insurance sector and hence, is highly demanding. Lakhs of candidates appear for LIC AAO exam to start their career in the insurance sector.

What does LIC stand for?

LIC may be used in military operations which means low-intensity conflict. LIC stands for linear integrated circuit in military. loop insertion cell term is used in military. In military, line interface coupler is abbreviated as line interface coupler.

What is the role and work of a LIC agent?

LIC agents are people associated with the insurance company who encourage and guide customers to purchase an LIC plan as per their needs and requirements. To carry on with their work, these agents need not visit the branch office everyday. They can manage their work online by logging in to the LIC Agent portal.

What are the main corporate objectives of LIC?

Based on the objective, the corporate objective of LIC has been, “Bear in mind, in the investment of funds, the primary obligation to its policyholders whose money it holds in trust, without losing sight of the interest of the community as a whole”. The LIC is performing this job through decentralised investment.

What does the name Lic mean?

In the sense shown in 2), “Lic.” is a title of courtesy used in Spanish for someone with a bachelor’s degree. There is no equivalent term in English. Lic. An abbreviation is the shortened form of a word or group of words (e.g. “UFO” = “unidentified flying object”; “p.” = “page”). El Lic.

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