LIC AAO (IB): Paper 2, Questions Asked in Today's Exam, 23/08/2025

Candidates who appeared for the LIC Assistant Administrative Officer (AAO) 1B exam today, August 23, 2025, faced a comprehensive Paper 2 covering a wide range of topics. Based on the memory of test-takers, we have compiled a list of questions that were asked in the examination.

This list is divided into two main sections: Insurance & Financial Awareness and General Knowledge, Computer & Current Affairs. Reviewing these questions can be beneficial for future aspirants to understand the exam's scope and difficulty level.

Section 1: Insurance & Financial Awareness

1. Claim: What is the term for a demand made by the insured to the insurer for payment as specified in the contract?

2. Solvency/Safety Margin: What is the safety margin that insurers must maintain to protect the interests of policyholders?

3. Insurance Policy: What is the contract between the insured and the insurance company called?

4. Joint & Survivor Settlement Option: A question regarding this settlement option in life insurance contracts.

5. Policy Lapse: Under what conditions is a policy deemed to have lapsed?

6. Human Life Value (HLV): A question on the application of HLV in life insurance.

7. LIC Index Plus Plan: What is the lock-in period for this plan?

8. Actuarial Science: How do insurance companies use actuarial science?

9. Lost Policy Document: What is the procedure if an insured person loses the original policy document?

10. ESG: What does ESG stand for? (Environmental, Social, and Governance)

11. Underwriting: What is the process of determining the coverage and premium rates for a potential policyholder called?

12. NSAP Scheme: A question related to the scheme's minimum entry age, policy term, and maturity age.

13. Riders: What is the purpose of riders in an insurance policy?

14. Bima Sakhi Initiative: How much stipend per month does an enrolled woman receive under this initiative?

15. LIC's Virtual Assistant: What is the name of LIC's virtual assistant?

16. Benami Transaction: A question defining this type of transaction.

17. Agent Licensing Body: Which body in India issues the license for individuals to work as insurance agents? (IRDAI)

18. GIFT City: What is the name of the iconic building in GIFT City?

19. Retention Limit: What does the retention limit refer to in insurance?

20. Principle of Utmost Good Faith: A question on the principle of Uberrimae Fidei.

21. ANANDA App: What is the full form of the ANANDA app? (Atma Nirbhar Agents New Business Digital Application)

22. Insurance Ombudsman: What is the time limit for approaching an Insurance Ombudsman?

23. LIC Plan Identification: A question asking to identify a specific non-par, non-linked, individual savings, whole life insurance plan from LIC.

24. Insurance Broker: What are insurance agents who represent multiple insurers and offer various policies called?

25. Annuity/Bond: A question asking to identify a financial product that is not a tangible bond.

26. Policy Reinstatement: What must an insured do to reinstate a lapsed policy?

27. Insurance Benefits: A question on the advantages for a buyer of life and health insurance.

28. Principle of Indemnity: Is this principle applicable to life insurance?

29. LIC Subsidiaries: A question asking to identify a company that is not a subsidiary of LIC.

30. HLV Concept Proposer: Who proposed the concept of Human Life Value?

31. Policy Alteration: Under what conditions is an alteration permitted in a policy?

32. First Indian Life Insurance Company: A question to identify the first life insurance company in India.

33. Group Life Insurance: What is the minimum size requirement for a group life insurance policy?

34. Powers of IRDAI: A question related to the powers and functions of IRDAI under Section 149 of the IRDAI Act.

35. LIC Schemes: A question to identify a scheme that is not a pension or group insurance scheme from LIC.

36. Jeevan Samarth: A question about this specific plan.

37. GeM Portal: Which portal is used by government offices to procure goods and services?

38. Risk Factors: A question on the factors that impact risk in insurance underwriting.

39. Pure Life Insurance: A question asking to identify a product that is not a pure life insurance product.

40. Solvency Ratio: A question about the definition or calculation of the solvency ratio.

41. Embedded Value: A question regarding the concept of embedded value.

42. ULIP (Unit Linked Insurance Plan): Which product offers both investment and insurance?

43. Premium Calculation: Why are younger individuals typically charged a lower premium for life insurance?

44. Bima Bharosa: What is the name of the grievance redressal portal managed by IRDAI?

45. Insurance Ombudsman Appointment: Who appoints the Insurance Ombudsman?

46. Premium Comparison: A question comparing the premium of a whole life plan versus an endowment plan for an individual of the same age.

Section 2: General Knowledge, Computer & Current Affairs

47. Operating System: What is the collection of programs that controls a computer's basic functions called?

48. 'Surputri' River: Which river was known as 'Surputri' in ancient texts?

49. SEBI Regulations (1996): What is the required net worth for an Asset Management Company according to these regulations?

50. ROM (Read-Only Memory): Which type of computer memory retains its data even after the power is turned off?

51. Fundamental Rights: A question asking to identify which of the given options is not a Fundamental Right (e.g., Right to Property).

52. HTTP: What does HTTP stand for? (HyperText Transfer Protocol)

53. Youngest World Chess Champion (2024): Who is the youngest World Chess Champion in 2024? (Gukesh D)

54. Malicious Software: A question asking to identify which option from a list is not an example of malware.

55. White Desert: Which desert in India is also known as the White Desert? (Rann of Kutch)

56. Rath Yatra App: Which railway zone launched a mobile app for pilgrims of the Rath Yatra?

57. Fibonacci Number: A question asking to identify a number that is not part of the Fibonacci sequence.

58. NHAI Toll Pass: A question related to the amount payable for an NHAI pass offering 200 toll-free trips valid for one year.

59. COO: What does COO stand for? (Chief Operating Officer)

60. NITI Aayog: What is the full form of NITI Aayog? (National Institution for Transforming India)

61. Root Directory: What is the main or top-level directory on a storage device called?

62. Black Box Color: What is the actual color of a black box used in airplanes? (Bright Orange)

63. Prime Numbers: A question asking to identify the prime numbers between 1 and 10.

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