06th Feb 2019   |   F&L Foundation   |     |  
3 min read

Tips to Crack Insurance Exams

Tips to crack insurance exam

The insurance sector is one of the biggest sectors in the Indian economy and has tremendous growth potential. This is one sector that grows with the country’s economy. Insurance services form the foundation for smooth functioning of all business and commercial activities. For all aspirants of careers in this sector, you have come to the right place, because the Fair & Lovely Career Foundation provides free online mock tests for candidates preparing for insurance exams. These are prepared by experts in the field and will ensure success if practiced sincerely.

 

A career in the insurance sector is a very rewarding and fulfilling one. The job prospects are quite wide as you can look at various kinds of jobs in the sector including that of an insurance agent, assistant manager, administrative officer, SSO (Social Security Officer), actuarial analyst, insurance analyst and more. Make sure that you get proper career guidance from an expert so that you can choose the job that suits you the best. The selection process for Insurance exams consists of the prelim exams, mains, and the interview stage.

 

Tips to crack insurance exam

 

All exams conducted by the insurance sector of India are very competitive with lakhs of candidates applying every year for it. You have to meticulously prepare for every section under the exam if you have to clear it. Insurance exams in India consist of both private and public groups like UIIC, OICL, NIACL, NICL, and LIC. Here are some tips for you to understand and follow, to make your exam preparation easier:

 

 

1.Understand the syllabus and exam pattern well

 

The syllabus of the exam must be understood in detail. Only then will you be able to decide which portions to focus more on. Similarly, knowing the exam pattern is of utmost importance. You need to be well versed with the kind of questions that can be asked in the exam. Hence, a lot of rigorous preparation is required. Most insurance exams consist of the following sections:

 

Quantitative Aptitude: Data Interpretation, Simplification/ Approximation, Number Series, Quadratic Equations, Quantity based problems, Ratio & Proportion, Percentage & Averages, Profit & Loss, Mixtures & Allegations, Pipes and Cisterns, Boats and Streams, Simple Interest & Compound Interest, Time, Work and Wages, Time & Distance, Permutation, Combination & Probability

 

Logical Reasoning: Seating Arrangement (Circular, Linear, Square), Puzzles, Syllogism, Input-Output, Coding-Decoding, Blood Relations, Alphanumeric Series/Number Series/Alphabet Series, Order and Ranking, Direction based questions, Data sufficiency, Inequalities

 

English: Reading Comprehension, Cloze test, Fill in the blanks, Error Spotting/New Pattern Error Spotting, Sentence Correction/Sentence Improvement, Para Jumbles, Para Summary, Odd One Out, Para Completion

 

General Awareness: Banking, Insurance & Financial Awareness, Current Affairs, GK

 

2. Practice online mock tests: Most exams are conducted online these days. Hence, if you do not acquaint yourself with this mode of examination, then it would get really difficult for you to crack the exam. Practicing online mock exams is of utmost importance. It not only helps you to get acquainted with the exam pattern but also improves your speed and accuracy.

 

3. Prepare well for the GK & English sections: Most students tend to not focus too much on these two sections. This could cost them big time during the exam. Preparing well for these sections could prove to become a game changer for you. So, make sure you keep yourself abreast with all the current affairs and other general knowledge aspects, and also read good English newspapers every day, as this will help in improving your English language as well. You can also expect a few questions that test your computer knowledge.

 

4. Research and find out the repeated question types: In every exam, there are a few question types that are repeated every year. You need to solve question papers from the past 10 years at least to understand what these repeated questions are. Focus more on such questions.

 

5. Prepare for the descriptive section: Insurance exams for certain posts like the AO (Administrative Officer) have a descriptive test section as well. You will be asked to write an essay, letter, precis or the like in this section, within a time limit of 30 minutes. Hence, good writing skills as well typing speed is required here.

 

The insurance sector is one of the strongest sectors in the country and is expected to grow considerably in the future. Choosing to work in this sector would be a great decision as you are sure to have an illustrious career path. The Fair & Lovely Career Foundation provides free online mock exams to help you excel in the actual exam and also supports all women that wish to embark on this journey.  

 

 

 


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