LIC AE & AAO Vacancies 218 Posts updated on 12th August 2022

Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.

AE & AAO Vacancies 2020

Brief Information of this Sarkari Job in 2020

Life Insurance Corporation of India (LIC) has published notification for the recruitment of Assistant Engineer (AE) – Civil/ Electrical /Structural /MEP & Assistant Architect (AA) and Assistant Administrative Officer (AAO) Specialist vacancies. Those Candidates who are interested in the vacancy details & completed all eligibility criteria can read the Notification & Apply Online.

Last Date15-Mar-2020
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Post NameLIC AE & AAO Online Form 2020
Total Vacancies218
LocationAcross India
Fee DetailsFor Others: Rs.700/- (Application Fee-cum-Intimation Charges + Transaction Charges + GST) For SC/ST/PWD candidates: Rs.85/- (Intimation Charges + Transaction Charges + GST) Payment Mode: Through Online

Vacancy Details of this Sarkari Job in 2020

Sr.Post NameNo.of PostsQualificationAge Limit
1AE (Civil)29B.E/ B.Tech (Civil)21 to 30 Years
2AE (Electrical)10B.E/ B.Tech (Electrical Engg)21 to 30 Years
3Assistant Architect04BArch21 to 30 Years
4AE (Structural)04M.Tech/ M.E (Structural)21 to 30 Years
5AE (MEP Engineer)03B.E/ B.Tech (Mechanical Engg)21 to 30 Years
6AAO (Chartered Accountant)40Bachelor Degree & CA21 to 30 Years
7AAO (Actuarial)30Bachelors Degree21 to 30 Years
8AAO (Legal)40Bachelor Degree (Law)/ LLM21 to 30 Years
9AAO (Rajbhasha)08Master Degree (Hindi/ English)21 to 30 Years
10AAO (IT)50Degree (Engg)/ MCA or M.Sc(Computer Science)21 to 30 Years

Important Links related to this Sarkari Naukri

View Job Details
View Offcial Notification
View Apply Now

Dates to Remember for this Govt. Job

Start Date25-Feb-2020
End Date15-Mar-2020
Date of Advertisement25-Feb-2020
Date for Download of Call Letter for Online Preliminary Exam27-03-2020 to 04-04-2020
Tentative Date for Prelims Exam04-04-2020

The Life insurance Corporation of India was founded on September 1, 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

As of 2019, Life Insurance Corporation of India had total life fund of ₹28.3 trillion.The total value of sold policies in the year 2018-19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018-19. It has 290 million policy holders.

Founding organisations

The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Kolkata in 1818. Its primary target market was the Europeans based in India, and it charged Indians heftier premiums. Surendranath Tagore had founded Hindustan Insurance Society, which later became Life Insurance Corporation.

The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider. Other insurance companies established in the pre-independence era included

  • Postal Life Insurance (PLI) was introduced on 1 February 1884
  • Bharat Insurance Company (1896)
  • United India (1906)
  • National Indian (1906)
  • National Insurance (1906)
  • Co-operative Assurance (1906)
  • Hindustan Co-operatives (1907)
  • Indian Mercantile
  • General Assurance
  • Swadeshi Life (later Bombay Life)
  • Sahyadri Insurance (Merged into LIC, 1986)

The first 150 years were marked mostly by turbulent economic conditions. It witnessed India’s First War of Independence, adverse effects of the World War I and World War II on the economy of India, and in between them the period of worldwide economic crises triggered by the Great depression. The first half of the 20th century saw a heightened struggle for India’s independence. The aggregate effect of these events led to a high rate of and liquidation of life insurance companies in India. This had adversely affected the faith of the general in the utility of obtaining life cover.

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