Insurance Exams 2023-24: List of Upcoming Insurance Exams, Calendar

Insurance exams in India hold profound importance for candidates aspiring to enter into the insurance industry. These examinations serve as the foundation upon which promising careers are built. The reasons behind the significance of these exams are multifaceted. The insurance exams act as a gateway to coveted positions within reputable insurance companies, such as LIC, NIACL, NICl, OICL, UIIC, IRDA, etc. They are the key that unlocks the doors to financially rewarding and stable careers.

The process of preparing for these exams enhances candidates’ knowledge and skills in the intricate domain of insurance. Aspirants gain a comprehensive understanding of insurance products, risk assessment, and financial planning, making them well-equipped for the industry. Additionally, success in insurance exams opens up avenues for career progression. Individuals can evolve into roles such as ADO, AAO, HFL, Assistant, Assistant Manager, Administrative Officer, etc., with ample opportunities for advancement.

Now, all those aspirants aspiring to pursue their career in insurance need to know that there are two types of insurance companies in India conducting different exams to select the highly suitable aspirants.

Each year, the insurance sector in India conducts a multitude of examinations aimed at recruiting new candidates. The primary entity overseeing the growth and advancement of the insurance industry in the country is the IRDA, which stands for the Insurance Regulatory and Development Authority of India. 

These insurance examinations are conducted periodically throughout India, and aspirants nationwide eagerly anticipate these annual recruitment opportunities. The insurance industry itself is typically divided into two distinct segments as follows:

1. Life Insurance Companies

As the name depicts, Life Insurance companies are those that provide insurance-related services to individuals, such as coverage against unfortunate events like death or disability of the policyholder. 

These plans provide essential coverage in the event of unfortunate circumstances such as the policyholder’s death or disability. Beyond offering financial protection, these policies also come in various types, enabling policyholders to optimise their savings by making regular contributions to diverse equity and debt fund choices.

2. Non-life Insurance Companies

Non-life insurance companies offer coverage for various aspects of our daily lives, including travel, health, vehicles such as cars and bikes, and home insurance.

The IRDA conducts various types of insurance exams. Below is a comprehensive list of insurance exams to provide you with a better understanding of this sector:

• 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

Apart from this, there could be some other insurance companies that conduct various insurance exams from time to time to hire eligible and best-fit aspirants for different roles.

For further insights into these examinations, continue reading the article.

Now, let us delve into the list of the insurance exams conducted by well-known or reputed insurance companies in India, along with their expansions:

Conducting Body	Insurance Exam	Exam Date
Life Insurance Corporation Limited (LIC)	LIC ADO	Prelims: April 10, 2023Mains: May 29, 2023
	LIC AAO	Prelims: February 17 & 20, 2023Mains: March 18, 2023
	LIC HFL	October 2023
National Insurance Company Limited (NICL)	NICL Administrative Officer	Ye To Be Announced
New India Assurance Co. Limited (NIACL)	NIACL Assistant	Soon Announced
	NIACL Administrative Officer	Phase-I: September 9, 2023Phase-II: October 8, 2023
United India Insurance Company (UIIC)	UIIC Administrative Officer	2nd Week of October 2023
	UIIC Assistant	2nd Week of October 2023
Oriental Insurance Company Limited (OICL)	OICL Administrative Officer	To Be Announced
Insurance Regulatory and Development Authority (IRDA)	IRDA Assistant Manager	Phase-1: June 25, 2023Phase-2: August 5, 2023

We have understood different types of insurance exams in India and what significance they hold in the insurance industry. It is about time we present the list of essential insurance exams in India that all Indian applicants can apply for for a lucrative career.

Let us begin with the exams conducted by LIC.

LIC ADO

LIC ADO stands for Life Insurance Company Apprentice Development Officer. LIC conducts LIC ADO preliminary and main entrance tests to gauge candidates’ skills and ensure that they will be able to take on all the responsibilities and duties delegated to them. However, the duties and duration of the job could vary slightly depending on the insurance company hiring for the position, but the same organisation barely changes the responsibilities for the same post.

This year, LIC released LIC ADO notification on its portal on January 21, 2023, which included everything regarding recruitment. Overall, 9,294 vacancies were advertised for different zones this year, and aspirants were required to have at least a graduation degree to be eligible for LIC ADO recruitment. The recruitment process is completely over, with the final result declared on June 27, 2023. However, for LIC ADO 2024, LIC may upload the notification at any time on its portal.

LIC AAO

The term ‘AAO’ in LIC AAO can be expanded to ‘Assistant Administrative Officer’. Aspirants selected as AAOs have to perform various duties and responsibilities, such as formulating new policies and ensuring the existing ones are in line. They also have to supervise and file claims and customers’ settlements. This year, LIC advertised a total of 300 vacancies for LIC AAO, and LIC AAO 2024 notification will be released soon. There are different specialisations of LIC AAO, namely Legal, IT, CA, Actuarial, and Rajbhasha. 

While LIC AAO may seem like just another insurance exam, it is one of the most competitive exams — just like LIC ADO — and therefore requires unyielding dedication and a well-thought-out exam-taking approach. To ace the LIC AAO 2024 exam at their first attempt, aspirants must practice previous year papers (PYPs), take mock tests regularly to get their head around the question paper — type of questions asked, to understand the time taken to attempt each question, know exam pattern, and even more. Refer to LIC AAO prelims mock test and LIC AAO mains mock test to know how.

LIC Assistant (Clerk)

LIC Assistant — as the name suggests — is conducted for Assistant positions to hire worthy candidates into different LIC departments. LIC Assistant notification has not been announced yet; however, around 8,000 vacancies are expected this year. Just like any other LIC recruitment or insurance exam, LIC Assistant vacancies are advertised zone-wise, i.e., for the northern, eastern, central, and southern zones, etc.

To pass the LIC Assistant exam with flying colours, aspirants need a strategic approach. They must have good time management, effective preparation strategy, study plan, comprehensive syllabus and exam pattern knowledge. Furthermore, aspirants must be one step ahead of the competition — they must know when LIC is conducting different exams for various posts. That is why being aware of the insurance bank calendar is extremely important. Like most LIC insurance exams, LIC Assistant also includes prelims and mains.

NIACL AO

NIACL AO stands for New India Assurance Administrative Officer. This is another insurance exam conducted by NIACL to hire meritorious aspirants to fill in various AO posts in the departments. This year, the NIACL AO prelims exam was conducted on September 9, whereas the mains exam is scheduled for October 8, 2023. The number of vacancies to be filled through this recruitment is 450, and the Generalist discipline bagged the highest number — 120.

NIACL AO has different disciplines, such as Generalists, Automobile Engineers, Risk Engineers, Accounts, Legal, Health, IT, etc. Based on the discipline applied, aspirants are hired into relevant departments. As aspirants may already know, the preliminary stage is the gateway to the main test, so they should leave no stone unturned and practice as many NIACL AO mock tests and NIACL AO previous papers as possible — all for!

NIACL Assistant

NIACL Assistant is another recruitment that attracts a large number of applicants from interested applicants every year. For a long time period, NIACL has not announced Assistant vacancies or conducted any insurance exam for the exam. The vacancies are advertised category-wise, with a slight edge to the General and OBC categories in terms of the total number. Generally, the vacancies are provisional and are subject to change as NIACL decides. To gauge aspirants’ skills for the Assistant post, NIACL conducts prelims and mains examinations. 

The last time NIACL announced vacancies for Assistants was in 2018; the number was 653. There were also backlog vacancies. Until then, no NIACL Assistant notification has been issued, and aspirants — although they may not show it — likely feel a little disappointed because of the unavailability of Assistant vacancies. NIACL requires that candidates be 21 years to 30 years of age and that they must have graduated from a college affiliated with a well-reputed university.

UIIC Assistant

UIIC is another prominent organisation that conducts different insurance exams occasionally — and UIIC Assistant is one of them. Like most insurance recruitment exams, this one also includes prelims and mains as part of the selection process. Aspirants must be equipped with a detailed knowledge of the UIIC Assistant prelims syllabus and mains exam syllabus — the same goes for the exam pattern and other study material.

UIIC Assistant’s job is to act as a support staff and help the Administrative Officer (AO) — also employed at UIIC. So, there is very little decision-making involved in the job responsibilities, with most work centred around insurance policies, such as health, motor vehicles, fire, and other industrial incidents. Aspirants — once appointed as Assistants — should be focused on getting certifications and increments to be promoted to a higher level, such as AO.

NICL AO Prelims

Coming to NICL, we have the NICL AO exam, wherein AO stands for Administrative Officer. It is very much similar to that of LIC AAO — when it comes to the curricula (syllabus and exam pattern). However, notice that NICL and NIACL are poles apart as NICL stands for National Insurance Company Limited, whereas NIAL is an abbreviated form of New India Assurance Company Limited. So, do not confuse them with each other.

NICL advertised overall 205  empty posts of AO when it uploaded the AO notification in 2017. Yes, that was the last time NICL had announced vacancies for AO. So, when it comes to the frequency of announcing job opportunities, NICL AO and NIACL Assistant are very much the same because the latter was witnessed in 2018. The selection process also includes prelims, mains, and an interview, followed by document verification. The NICL AO 2024 vacancy advertisement is yet to be announced.

OICL AO

OICL AO is another known entrance test aspirants generally compete for. OICL AO stands for Oriental Insurance Company Limited Administrative Officer, another competitive exam that attracts aspirants’ interest, and it is one of those job opportunities that do not get advertised every once in a while. Yes, the last time the OICL AO notification was issued was in 2022. Therefore, it is hard to say that OICL will definitely issue a recruitment notification for Administrative Officers this year; or maybe it will — or maybe next year.

However, whenever OICL decides to do so, aspirants must keep an eye on our blog to always stay one step ahead. To participate in the recruitment process or to appear for this insurance exam, aspirants must also satisfy each eligibility criterion set forth in the official notification and follow the exam-related guidelines while appearing for the same. All disciplines, except Accounts, require that aspirants have a graduate degree from a reputed university. Again, the selection is based on aspirants’ performance in prelims, mains, and an interview. 

IRDAI Assistant Manager

IRDAI Assistant Manager, also abbreviated as IRDAI AM, is another insurance exam or entrance exam conducted to hire deserving aspirants in various suitable departments. IRDAI announced 45 vacancies of Assistant Manager (AM) and the last date to apply was May 10, 2023. IRDAI also conducted the IRDAI AM Phase 1 exam on June 25, whereas the Phase 2 test was conducted on August 5, 2023. The recruitment notification is released on the IRDAI’s official website, irdai.gov.in.

IRDAI declared the AM final result on September 12, 2023, in a PDF, which included the roll numbers of shortlisted candidates. Candidates’ performance was gauged based on how they performed in the written test and personal interaction. Those selected for appointment as AM will be sent the offer of appointment in due course. For more details, refer to the IRDAI Assistant Manager recruitment page, which includes notification, exam date, insurance exam result link, vacancy details, and more.

Insurance Exam Mock Test Series on Embibe

Did you know that you could also take insurance exam mock tests on Embibe — all for? Yes, if you are someone gearing up for an insurance exam, be it LIC AAO, LIC Assistant, or NIACL AO, Embibe’s mock tests have been designed to improve your performance only after a few attempts.

If you have not taken any practice tests on Embibe, it is about time you unlock your insurance exam success with the same.

And if you wonder how, here is why:

• Experience Real Exam Conditions: Our mock tests replicate the actual exam, so you’ll stride into the test centre cool, calm, and collected.
• Smarter Study with Data: Get detailed performance insights, pinpoint your strengths, and work on your weaknesses.
• Personalised Guidance: Our AI-backed platform gives you tailored tips to boost your scores.
• Master Time Management: Practice makes perfect. Our mock tests help you fine-tune your time management skills.
• Tailored Challenges: With adaptive testing, you’ll always be challenged just enough to keep growing.
• Laser-Focused Practice: Hone in on your problem areas with custom test modules.
• Track Your Triumphs: Monitor your progress, set goals, and watch your scores soar.
• Endless Practice: Take as many mock tests as you want—your preparation knows no bounds.
• Ace the Competition: Embibers are always ready to take on the toughest exams and emerge victorious.
• Boost Your Confidence: Regular mock tests on Embibe will have you walking into your insurance exam with unshakable confidence.

Practise Embibe’s Insurance Mock Test for

Here are a few of Embibe’s mock test articles tailored to your needs.

• LIC ADO Prelims Mock Test
• LIC ADO Mains Mock Tests
• LIC AAO Prelims Mock Test
• LIC AAO Mains Mock Tests
• NICL AO Prelims Mock Test
• OICL AO Prelims Mock Test
• IRDAI Assistant Manager Mock Test
• UIIC Assistant Prelims Mock Test
• UIIC Assistant Mains Mock Test
• NIACL Assistant Prelims Mock Test
• NIACL Assistant Exam Mock Test

Don’t just prepare—prepare with Embibe for guaranteed success!

Insurance is considered one of the most competitive industries when it comes to the number of applicants applying and taking the test — it does not matter if you are preparing for the Life Insurance exam. 

Lacs of aspirants register for insurance entrance tests with the intention of getting chosen for the proposed job and living a fruitful life — thanks to lucrative pay and allowances.

Now, due to the immense numbers of applicants, competition gets as stiff as it could get. And that is why every aspirant has to go the extra mile, which is only imaginable if they are equipped with the best insurance exam-taking strategies. 

So, without further ado, let us get into the same:

1. Understand the Insurance Exam Pattern

Begin by understanding the exam pattern or format of the specific insurance exam you’re taking. Know the number of questions, time limits, and scoring methods.

2. Study the Insurance Exam Content Outline

Most insurance exams provide a content outline or syllabus. Use this as a guide to know what topics to focus on.

3. Use Study Materials

Invest in quality study materials such as textbooks, online courses, and practice insurance exams. Look for resources that align with your insurance exam’s content outline.

4. Create a Study Schedule

Develop a study schedule that allocates sufficient time to cover all topics. Consistency is key, so study a little bit every day rather than cramming.

5. Focus on Weak Areas

Identify your weak areas and spend more time studying those topics. Use practice questions and quizzes to gauge your knowledge.

6. Practice Insurance Mock Tests

Take mock exams or practice tests on Embibe to simulate exam conditions. This will help you get comfortable with the format and improve time management. Embibe has various insurance exam mock tests, all exam-specific, which will allow you to get the upper hand easily.

7. Seek Clarification

If you have doubts or need clarification on certain topics, don’t hesitate to reach out to instructors, peers, or online forums for help.

8. Review and Revise

Regularly review what you’ve studied. Repetition helps reinforce your understanding of complex concepts.

9. Stay Informed

Keep up with any updates or changes in insurance laws and regulations, as these can be part of the insurance exam. We suggest that aspirants visit our insurance exam articles regularly to never miss out on anything. 

10. Manage Exam Anxiety

Practice relaxation techniques and time-management skills to reduce exam anxiety. A calm mind performs better.

11. Take Care of Yourself

Don’t neglect your physical and mental health. Get enough sleep, eat well, and exercise regularly to stay focused and alert.

12. Use Memory Aids

Mnemonics, flashcards, and visual aids can help you remember critical information.

13. Practice Ethical Scenarios

Many insurance exams include questions on ethics and professional conduct. Be prepared to answer scenarios that test your ethical decision-making skills.

14. Stay Updated

Finally, stay updated with any changes in insurance laws and regulations, as these can affect the insurance exam content.

These preparation tips are not specific to any insurance exam but work with all insurance exams. Additionally, aspirants’ unshakable confidence, unyielding dedication, and the willingness to never stop learning — together — make everything possible.

Here are some frequently asked questions regarding insurance entrance tests in India that aspirants might be intrigued to know: 

We hope that you found this article on Insurance Exams 2023-24 helpful and that you found all the information you were looking for. If you still have any queries, reach out to us on the Embibe — Learning Outcomes app.

Keep Embibing!