In this article, we provided important insurance awareness topics for the LIC AAO  mains exam. The Life Insurance Corporation of India (LIC) conducts the Assistant Administrative Officer (AAO) exam to recruit qualified candidates for various positions. The exam consists of three stages: Prelims, Mains, and Interview. The candidates who pass the prelims are eligible for the next recruitment process, which is the mains. The insurance awareness is the main section in the LIC AAO mains exam. The candidates must be clear about the important and frequently asked questions related to insurance awareness in the LIC AAO exam. The insurance awareness topics in the LIC AAO exam come for 60 marks out of 30 questions, and the time duration for this section is 30 minutes. Do you want to score more marks in the LIC AAO exam? Then you must learn the important and frequently asked questions about the insurance awareness topics for the LIC AAO exam.

Why Should You Prepare Insurance Awareness Topics for LIC AAO?

The main examination will be conducted for a 200-mark test to recruit qualified candidates for various positions. In the LIC AAO exam, insurance awareness topics accounted for a total of 60 marks, covering 30 questions, and candidates are expected to complete the section within 30 minutes. The candidates can score the minimum marks in the LIC AAO exam by focusing on the insurance awareness topic. 

Expected Topics for LIC AAO Mains Exam

Here are the most important and repeatedly asked questions about insurance awareness in the  LIC AAO mains exam.

 Questions About The Basic Concepts of Insurance

1. What are the principles of insurance? 
2. What are the types of risks covered by insurance?
3. What is the difference between life insurance and general insurance?
4. What is the definition of insurance?
5. What is a bonus in life insurance?
6. What is the grace period in a policy?

(LIC) Specific Questions

1. LIC was formed by merging how many private insurers?
2. When did LIC list on the stock exchange?
3. What is the shareholding pattern of LIC after listing?
4. What is LIC’s Vision and Mission statement?
5. What are LIC’s subsidiaries and associates?

Questions About IRDAI (Insurance Regulatory and Development Authority of India)

1. What is the main objective of IRDAI?
2. What are the functions/powers of IRDAI?
3. What is the Insurance Ombudsman?
4. What is the solvency margin?
5. What is micro-insurance as per IRDAI?

Important Insurance Terminologies Based Questions

1. What is Insurable interest?
2. What is Actuarial valuation?
3. What is the Claim ratio and Incurred Claim Ratio (ICR)?
4. What is Policyholder vs. Life assured?
5. What is Group insurance?

Current Affairs Related to Insurance 

1. Recent IRDAI reforms (like Bima Sugam, Bima Vistar, Bima Bharosa).
2. LIC’s latest financial results / IPO details.
3. New insurance products launched by LIC or private companies.
4. New government insurance-related policies (like health or crop insurance).
5. Digital insurance initiatives – e-insurance account, Bima Sugam portal.

    Check the LIC AAO Descriptive Questions 2025

FAQs

Q Where can I get important LIC AAO insurance awareness questions?

In this article, the candidates can get important and frequently asked questions about the insurance awareness in the LIC AAO exam.

Q How many marks are allocated for the insurance awareness topic in the LIC AAO mains exam?

In the LIC AAO exam, insurance awareness topics accounted for a total of 60 marks, covering 30 questions.