Tuesday, 29 May 2018

List of Insurance Exams


Insurance Exam
List of Insurance Exams
  • NICL AO 
  • NIACL Assistant
  • UIIC Assistant
  • OICL AO
  • LIC AAO/HFL
  • IRDA


Exam Pattern



Section
No. of
Qs
Marks
Time
English
Language
30
30
60 Min
Reasoning
35
35
Numerical
Ability
35
35
Total
100
100
You can check out the detailed selection procedure & mains exam pattern for OICL exam through the link below:


Syllabus

This year 6000 students will get entry for the OICL Mains exam since the no. of students selected will be approximately 20 times the numbers of vacancies. So from this data you can imagine that the OICL AO Prelims cut off will be higher. Thus clearing prelims will not be a cakewalk, you have to practice enough to be eligible for OICL Mains. In this article on Oriental Insurance AO Syllabus will provide you the list of topics in priority order – important chapters first. Also you will know the nature of each topic i.e whether scoring, tricky or time consuming topic.

English 

(1) Reading Comprehension

  • Expected No. of Qs: 7-10 (1 Passage)
  • Moderate to More Time Consuming, Moderate Accuracy Possible.
  • Expected Topics: The passage will be focussed on topics like Banking & Economy, Business, Social Issues etc. Fact and Inference based questions – easy to moderate, Vocab & Theme based questions – moderate to tough.
(2) Grammar (Error Spotting, Phrase Replacement, Fill in the Blanks)
  • Expected No. of Qs: 5 -10
  • Easy to Moderate in Difficulty, Moderate Accuracy Possible.
  • Expected Topics: Error Spotting, Phrase Replacement/ Sentence Correction, Fill in the Blanks.
(3) Cloze Test
  • Expected No. of Qs: 7-10
  • Easy to Moderate Difficulty, Less Time Consuming, Moderate to High Accuracy possible.
  • Expected Topics: Social issue, Economy, Banking & Financial Insurance etc.
(4) Para Jumbles
  • Expected No. of Qs: 0-5
  • Expected Topics: Para Jumbles

Reasoning Ability

The various topics expected in the Reasoning Ability section are:

(1) Syllogisms

  • Expected No. of Qs: 5 Questions
  • Expected Topics: Direct questions with 2-3 statements & 2-3 conclusions, possibility based questions, negative information based questions.
(2) Blood Relations
  • Expected No. of Qs: 2-5
  • Expected Topics: Family Tree Problems, Coded Blood Relations.
(3) Directions & Distances
  • Expected No. of Qs: 1-3
  • Expected Topics: Direction of people moving in different directions (north, south, east, west, left, right ) & distance covered by them.
(4) Coding & Decoding
  • Expected No. of Qs: 5 Questions
  • Expected Topics: Coding by Letter Shifting, Coding in Fictitious Language.
(5) Scheduling
  • Expected No. of Qs: 5
  • Expected Topics: Based on days of a week, months & People working in 3 different department.
(6) Ordering & Ranking
  • Expected No. of Qs: 2-5
  • Expected Topics: Order in a row, Arranging by age, height, weight, rank.
(7) Linear Arrangement
  • Expected No. of Qs: 5
  • Expected Topics: People sitting in a single row facing north/south/both direction (some facing north & some south) or People sitting in two rows, in row 1st all of them are facing south & in row 2 all of them are facing north.
  • (8) Circular Arrangement
  • Expected No. of Qs: 0-5
  • Expected Topics: Uni & Bi-directional problems on circular, square, rectangular tables.
  • (9) Puzzles
  • Expected No. of Qs: 5
  • Expected Topics: Floor based, Mixed of arrangement with blood relation or direction.
  • (10) Machine Input Output
  • Expected No. of Qs: 0-5

Quantitative Aptitude

This section is time consuming so it is very important to pick up the right questions so you do not waste your precious time.

(1) Simplification/Approximation

  • Expected No. of Qs: 5 Questions
  • Easy to Solve, Less Time Consuming, High Accuracy Possible.
  • Expected Topics: BODMAS Rule, Approximation, Decimals, Fractions, Surds & Indices, Percentages etc.

(2) Quadratic Equations

  • Expected No. of Qs: 5
  • Expected Topics: Comparing values of x and y when two equations given.

(3) Number Series

  • Expected No. of Qs: 5
  • Expected Topics: Complete the Series, Find the Missing Term, Find the Wrong Term etc.

(4) Data Interpretation

  • Expected No. of Qs: 10-15 (2-3 sets)
  • Expected Topics: Line Graphs, Bar Graphs, Pie Charts, Tabular Graph.

(5) Miscellaneous Questions

  • Expected No. of Qs: 10-15
  • Expected Topics: Average, Percentage, Ratio & proportion, Time Speed Distance, Boat & Stream, Profit & Loss, Simple & Compound Interest, Time & Work, Problems on Age, Probability, Permutation & Combination, etc.

Eligibility Criteria

Relaxations in Upper Age Limit

SC/ST – 5 years
OBC – 3 years
PwD (Person with Disabilities) – 10 years
and others as per Government norms.

C. Educational Qualifications 

  1. Accounts – M.Com. with 55% for SC/ST and 60% for Others from a recognized University
  2. Actuaries – Graduate with 55% for SC/ST and 60% for Others in any discipline from a recognized university & has passed 4 Actuarial Papers from Institute of Actuaries of India (IAI) or Institute and Faculty of Actuary, UK (IFoA)
  3. Engineers (Automobile) – Graduate/Post Graduate Degree in engineering(4 or 5 Years) with automobile engineering as a subject, with 55% for SC/ST and 60% for Others from a recognized University
  4. Legal – Graduate in Law with 55% for SC/ST and 60% for Others from a recognized University
  5. Medical Officer – M.B.B.S.
  6. Generalist – Graduate in any stream with 55% for SC/ST and 60% for Others from a recognized University

Selection Procedure

  • The Selection will be based on a written exam.
  • The Selection procedure will have three stages namely,
    • Phase-I: Preliminary Examination
    • Phase – II: Main Examination
    • Phase – III: Interview
  • The final selection will be based on consolidated marks of the main examination (objective test) & Interview.
  • The Merit List will be prepared in descending order of the consolidated marks secured by the candidates.



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