Which is a better career option: SBI PO or LIC AAO?

Safalta Expert Published by: Gaurav Bawa Updated Thu, 01 Sep 2022 01:17 AM IST

Highlights

There are several options and government tests available for those seeking a successful job. Insurance tests and bank examinations are the most popular among hopefuls right now. Both of these professions have their pros and cons and come with their own set of advantages and disadvantages.

There are several options and government tests available for those seeking a successful job. However, they are confused as to which option is best for their career. Insurance tests and bank examinations are the most popular among hopefuls right now. Both of these professions have advantages and disadvantages. This essay seeks to clear up applicants' misconceptions regarding which professional path to take between SBI PO and LIC AAO. When it comes to bank examinations, SBI PO is one of the most well-known. When it comes to insurance tests, LIC AAO is equally popular.
 

The Difference between SBI PO and LIC AAO

 

Major Factors

SBI PO

LIC AAO

Name Of The Conducting Body

State Bank Of India

Life Insurance Corporation

Post

SBI Probation Officer

LIC Assistant Administrative

Eligibility

Age limit – 21 years To 30 years

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Educational Qualification – Graduation from recognized university  

Age Limit – 21 years To 30 years
Educational Qualification – Bachelor’s degree in the specialization they have opt for

Syllabus

  • Reasoning

  • Quantitative Aptitude

  • English language

  • Data Analysis & Interpretation

  • Computer Aptitude

  • Reasoning

  • Quantitative Aptitude

  • English language

  • General Awareness

  • Insurance & Financial Market awareness

Salary

Rs 27620  -   Rs 42020 Approx 



Rs.32795  -  Rs 62315   Approx 

 

Roles and Responsibility

  • Assisting consumers in comprehending the banking procedure

  • Authorize transactions and manage payment clearances.

  •  Clerical work supervision

  •  Managing the monetary balance

  •  Assisting customers/clients with claim filing, processing, and settlement.

  • Developing new policies or updating existing ones for the company's growth.

  •  Policy analysis and auditing on a regular basis.

  •  Must participate in inter-departmental discussions on claims processing.

Work Pressure

Have issues relating to expanding the consumer base and business.

AAO does not have to be personally involved in expanding the organization's revenue or business.

Place

Urban And Rural

Urban

Career Growth

Promotion occurs at a quicker rate, and SBI maintains a consistent promotion strategy.
Every 2-3 years, someone is promoted.

The AAO does not have a rapid advancement policy. Because LIC has a non-proactive promotion philosophy, it usually takes longer.

 Perk And Allowance

  • Pension

  • Medical help for self and family

  • Travel Concession

  • Interest rate reduction on property and vehicle loans

  • Defined Contributory Pension
  •  Gratuity
  •  Medical Benefit
  • Group Insurance
  • Travel Expenses

Level of Promotion

  • PO

  • Deputy Manager

  • Manager

  • Assistant General Manager

  • Deputy General Manager

  • Chief General Manager

  • Deputy Managing Director

  • AAO

  • Assistant Deputy Manager

  • Deputy Manager



Based on the variables listed above, it is clear that each of these profiles has benefits and downsides. What the applicant chooses is entirely up to him or her. SBI PO is a superior job profile if working under pressure with a greater salary and no option of location suits a candidate. Candidates that desire a better work-life balance, an urban location, and a good salary can choose a job with LIC AAO. Following training, your initial posting will be in your home zone, and 99% will be in your home state. You will continue to work in the branch office as an Administrative Officer (AAO). After being promoted to the position of Administrative Officer (AO), you will be assigned to either a branch or a divisional office.

Is LIC a government or a private company?

The federal government nationalises 245 Indian and international insurers and provident organisations. The LIC was established by an Act of Parliament, namely the LIC Act of 1956, with a capital commitment of Rs. 5 crore from the Government of India.

In SBI, what is the retirement age?

The Scheme will cover all permanent employees of the Bank in the officer and clerical cadres. attainment of 58 years of age (both requirements must be met) on the date of application for voluntary retirement

What is the pension for RBI Grade B?

Rs. 1,08,404/- (as per the official RBI Grade B Notification 2022).

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