What books used for LIC jobs?
What books used for LIC jobs?
How is the job of LIC AAO?
Everyone enjoys the first year in LIC as out of 12 months, training comprises of 9 months. It's like a paid holiday. Faculties will tell you stories of how Direct Recruits go on to become MDs and Chairmen of LIC.
It's only when you start working in the branch, you get to face the harsh realities. You may not enjoy each and every moment working here, but you will gain tonnes of experience specially about the insurance sector. If you are unemployed or work in commercial banks, don't even think twice before applying for this job. LIC is much better.
I have worked in LIC for almost 5 years and now I have joined NABARD as Manager. (If you want a more rewarding career, try for RBI/ NABARD.) But the memories and friends I made during my LIC stint are still fresh. All the best!
Which is better, staying in a rented house or owning your own house through a loan?
Deciding between renting and buying is common for any aspiring homeowner. It really depends on your situation. For example, if your job requires you to frequently move, renting may be more suitable. On the other hand, buying a home is the better option when it comes to staying in your hometown or deciding to settle down.
Either way, there is a case to be made that you can benefit far more from buying as compared to renting. Here’s why:
1. No Landlord Hassles: Your own home means you are in control. You don’t have to go through a landlord for repairs or renovations. You can get things fixed or im
Which LIC policy is better, LIC Umang or LIC Labh?
Well, both policies are very good in terms of value they are providing to the customers. Saying which one is better between both policies will not be correct as both policies are completely different in terms of their working process, features, value, returns,etc. Both serve different purpose. The purpose/goal of the customer should be clear in order to find which one suits better to him/her.
I will help you in choosing which one is better for you and will give conclusion towards the end so that you may know which policy fits you. Let’s start knowing these policies:
This policy comes under 3 variants:
16–10 which means the policy is of 16yrs and policy payment term (ppt) is 10years. 6yrs is the relaxing period. In 16yr policy you can expect 2times return approximately of what you have paid. For ex: Total amount paid=5lakhs in 10yrs then you can expect 10Lakhs return approximately.
21–15 which means the policy is of 21yrs and ppt is15yrs. 6yrs is the relaxing period. In 21yr policy you can expect 2.5times return of what you have paid. For ex: Total amt paid=5lakhs in 15yrs then you can expect 12.50 Lakhs return approximately.
25–16 which means the policy is of 25yrs and ppt is 16yrs. 9yrs is the relaxing period. In 25yr policy you can expect 3.75times return approximately of what you have paid. For ex: Total amt paid=5lakhs in 16yrs then you can expect 18.75 Lakhs return approximately.
Policy is famous for its returns and limited premium payment which is being liked by customers a lot. If anything happens to the policyholder then family will get the SUM ASSURED. When it comes to returns this is the best policy of LIC.
CONCLUSION: This policy is suitable more to those who are looking for good returns and have certain goals in their mind for the future to use that money or they simply wish to invest money into LIC for good returns with life risk cover. If you are of this opinion then JEEVAN LABH is the policy for you.
JEEVAN UMANG (Whole Life Plan) - Table no 845
This policy is all together different from Jeevan Labh as the name suggests its a whole life policy and serves different purpose. In this policy one has to pay for a certain period of time and after that you are entitled to receive regular/passive income which is 8% of Sum Assured (non-taxable guaranteed), and you are entitled to receive that amount till 100 years of your Age. If you survive till 100yrs then LIC will give you the maturity amount. Also if you wish to stop the regular income and want the maturity amount in-between, you have that option as well. Moreover, after the policy payment term, if policy holder dies then also family will get the insurance amount as in this policy insurance is for 100yrs of age. The best part of this policy is that even after paying the premium of the policy, LIC will be giving bonus every year till the time you run the policy and simultaneously you will also receive regular income. This policy is like wealth creation.
This policy comes under 4 variants: 15yr/ 20yr/ 25yr/ 30yr
In this policy you have the option to go for any of these variants. After the premium payment term (ppt), you will start getting 8% of Sum Assured. Longer the duration of the policy, more the benefits.
For Example: Let’s say you want to invest 1 lakh every year then what will be the impact if you choose among these four variants.
For 15yr policy: You will start getting Rs 1,00,000 non-taxable every year.
For 20yr policy: You will start getting Rs 1,50,000 non-taxable every year.
For 25yr policy: You will start getting Rs 2,00,000 non-taxable every year.
For 30yr policy: You will start getting Rs 2,60,000 non-taxable every year.
This policy is famous for its regular non-taxable income and life long risk coverage of the family, also this plan gives the option of maturity in-between with little surrender charges which makes this policy a bucket full of everything one can think for in an investment.
CONCLUSION: Jeevan Umang policy is suitable for those who can think for long term and are more interested in a regular income rather than one shot amount with life long risk cover protection for the family.
LIC policy
MY PERSONAL SUGGESTION: Both policies are very good in their own terms. If you are more interested in returns then jeevan labh is the best and if you are more interested in regular income then jeevan umang is the best. Apart from that both policies include risk cover. Just see your priority and get the policy which will fulfill your needs and goals.
NOTE: Many people have this question also that if they can go with mutual funds/ stock market/ nifty etc. then why invest in such policies ? To answer that, YES you can invest money in mutual funds also keeping in mind that you have a sufficient term insurance for your family and you are quite okay with the risks involved in the mutual funds as they are subject to market risks. One more thing, mutual funds is a good investment tool but to attain good returns, one has to wait for long because in short term market, fluctuations are high and as mutual fund is a highly liquid investment, people tend to exit early if situation is not in their favor. Its just a matter of good guidance and the human psychology plays a crucial role here. Otherwise all investment options are good till the time they are fulfilling the needs of the customer with accurate guidance by the financial+insurance advisors.
Hope this information is useful to you. Still have any doubt then feel free to contact/whatsapp me on my number or mail me your query. ( Find my contact details by clicking on my profile.)
Also Read : Which is the best LIC policy?
( If you found the answer useful then do Upvote and Share, so that others can also get benefited for the same.)
Is it possible to work as an LIC agent along with doing another job?
I am a LIC Agent and I want to doing job in another private Insurance Company as a Development manager. Is this possible. If not means I can not doing both the things parallel according to IRDA. So, how it’s possible for private company gives both the code’s one for DO and another for Agency which they offer me. Please tell me the legal procedure.
Is LIC ADO a permanent or temporary job?
Dear, It is a permanent job with best career opportunity.
Just you have to attain certain target every year to be in it.
Is LIC AAO a government job or a private job?
LIC AAO is a public sector job where an individual working for LIC works for a government company (viz. LIC) which comes under the administrative control of Ministry of Finance. You can read Companies Act for that. It has definition for a government company.
That's the reason as to why all public sector companies use the line “Government of India Undertaking" everywhere along with the name of Ministry under which it comes.
For LIC AAO, we can say that it's a public sector job where the company is a government company under Ministry of Finance.
There are few more aspects into it. Like there can be
What is the ideal house layout?
As per vaastu, an ideal house layout is as given below:
Water Resources:
· Water source should be preferably placed in the north or north-east.
· East and western sides can be considered as an alternative if water is found on those sides.
· The bore should be dug on the north-east corner away from the line joining the corners of the plot and the building. It can also be dug in the north side of the plot.
· Overhead tanks should be located on the south-west corner of the building.
Positioning of main door:
· Location of the main door/entrance changes depending on the direction its facing.
· To decide t
Which books are best for preparation of LIC AAO?
Before you begin your preparation, you need to have a quick look on syllabus and exam pattern of LIC AAO. Then you need to decide the books & study materials you are going to follow. Most of the students get confused while choosing good books as there are so many books available in the market.
You need to select books which satisfy all contents of your syllabus. You don’t need to follow many books as it may confuse. So, you need to prepare the list of few good books and start following the same. For your convenience, here I’m sharing with the list of best books for LIC AAO exam preparation.
Best
What is a job in LIC?
There are three types of job in LIC by direct recruitment as follows
AAO(ASSISTANT ADMINITRATIVE OFFICER)
ADO(apprenticeship development officer)
ASSISTANT
There four types classes in LIC
Class-1(AAO,AO,ADM,DM,SDM,ZM…) AAO are recruited by direct recruitment and rest all are by promotions
Class-2(ADO,PDO,DO)…DEVELOPMENT OFFICERS….all marketing related work
Clasd-3(RC, ASSISTANT,HGA)….These are class-3 employees….. assistants are recruited by direct recruitment and they are promoted to HGA or AAO(class-1 by exam)
Class-4( Peon, guard…and all subordinate staff)
So there is different types of classes in l
What do you think of current Big Data technologies?
These days, we are living in a digital world where businesses are producing and dealing with vast amounts of data daily. The phrase “Big Data” describes this huge collection of structured and unstructured data, which keeps on growing exponentially with increasing digitisation. However, because of the sheer volume and complexity of Big Data, conventional data processing software is not able to handle and extract valuable information from data. That is why businesses are turning to Big Data technologies these days. With the advent of big data technologies, businesses are now able to store, proce
Comments
Post a Comment