GIC Re vs LIC: Preparing for Managerial Level Exams 

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Thousands of aspirants appear for insurance exams every year in India. GIC AM and LIC AAO are two important exams that we will discuss in this article. These exams are highly coveted for several reasons such as less work pressure compared to other government banking jobs and limited public dealing. 

The GIC AM exam that was initially scheduled to be held on May 9, 2021, was postponed until further notice. Similarly, the LIC AAO exam that was scheduled for April 4, 2020, was also postponed due to the COVID- 19 pandemic. Considering the peculiar times that we are in now, lots of candidates have become despondent and unmotivated and left their preparation midway. Now that, as a country, we are learning to get back up on our feet, it is time for you to reignite your motivation and take to your books once again. 

In this article, we will look at the important information concerning both these exams such as expected exam dates, exam patterns and such and how you can prepare for both exams simultaneously.

GIC AM 2021 vs LIC AAO 2021 Exam Dates

The GIC AM Exam 2021 is expected to be held in September/October 2021. The LIC AAO Exam 2021 notification is expected to be released in August 2021. The LIC AAO exam is conducted 2 months after the notification is out. So, if you start preparing now, you have almost 4 months, give or take, to prepare for both the exams. 

GIC AM 2021 vs LIC AAO 2021 Salary 

Take a look at the salary and perks enjoyed by insurance officers working with GIC or LIC in the table below. 

Exam NameIn-hand salaryPerks
GIC AM Salary & Perks65,000/monthNew Pension Scheme and NewspaperInternet AllowanceLeave Travel SubsidyMedical BenefitsHouse Furnishing AllowanceHousehold Help AllowanceSodexoPersonal Accident Coverhousing, vehicle and computer loans with subsidized interests
LIC AAO Salary & Perks58,000-60,000/monthDefined Contributory PensionSpecial Allowance for passing Actuarial ExaminationGratuityLTC, Cash Medical Benefits Group Mediclaim, GroupPersonal Accident InsuranceGroup Insurance Vehicle Loan (2-wheeler/4 wheeler) as per rules

GIC AM 2021 vs LIC AAO 2021 Exam Pattern

The exam pattern for both exams is the same, in the sense that both exams are conducted in 3 phases. Take a look at the table below to understand the patterns in detail. 

GIC AM 2021LIC AAO 2021
Phase 1- Computer-based objective exam
Phase 2- Group Discussion and Interview
Phase 3- Medical examination 
Phase 1- Preliminary Exam (1 paper)
Phase 2- Mains Exam (1 paper)
Phase 3- Interview

GIC AM 2021 vs LIC AAO 2021 Common Syllabus 

You should take a look at the entire syllabus for both exams. In doing so, you will find that there are some subjects that are common for both exams for which the syllabus is also the same. They have been shown in the table below. 

ReasoningQuantitative Aptitude General/Financial AwarenessEnglish Language 
Statement based QuestionsSyllogismSeating ArrangementCoding-DecodingAlpha Numeric SequencePuzzlesSeating ArrangementBlood Relation,
AnalogyOdd One Out
Data InterpretationTime and WorkSpeed, Distance and TimeNumber SeriesApproximationSimple Interest and Compound InterestProfit and LossAverageMixture and AllegationsRecent credit and monetary policies Indian EconomyOverview of Indian Financial SystemCurrent AffairsNational and International MattersCurrency and CapitalAwards and HonoursGeneral History, Geography,
Biology and Applied Science
Reading ComprehensionSentence ArrangementCloze Test,
Error SpottingSentence ImprovementSynonyms-AntonymsPhrasesElementary Grammar

We understand that you have been waiting a long time now for the exam notifications to be out. However, now that things are finally looking up and exams are expected to be announced soon, you should get a head start on your preparation. If you want to gauge your preparation, you can take some of our free mock tests at any time. 

You can learn more about these exams concerning the previous years’ cut-offs, eligibility criteria and such on ixamBee. You should keep an eye out for the notifications and important updates.

You can join our online courses for GIC AM Exam 2021 and LIC AAO Exam 2021. In these courses, you will find all the required study material coupled with live sessions with expert faculty and Interview guidance. Whilst preparing for either or both exams, you should be quite thorough with the important details concerning the exams. 

While you are waiting for the exam updates to be out, you can review previous years’ question papers that will help you with your preparation. These can be reviewed at any stage of your preparation for free.

At ixamBee you can find free Online Test Series, GK updates in the form of BeePedia, as well as latest updates for Bank PO, Bank Clerk, SSC, RBI, NABARD and Other Government Jobs.

Also read 

How to Prepare for GIC Assistant Manager Scale-1 Officer Exam

GIC Assistant Manager Recruitment Notification is here!

List of Important Insurance Abbreviations -LIC AAO, UIC, NIACL AO

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