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
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SBI PO
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LIC AAO
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Name Of The Conducting Body
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State Bank Of India
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Life Insurance Corporation
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Post
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SBI Probation Officer
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LIC Assistant Administrative
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Eligibility
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Age limit – 21 years To 30 years
Educational Qualification – Graduation from recognized university
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Age Limit – 21 years To 30 years
Educational Qualification – Bachelor’s degree in the specialization they have opt for
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Syllabus
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|
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Salary
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Rs 27620 - Rs 42020 Approx
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Rs.32795 - Rs 62315 Approx
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Roles and Responsibility
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Assisting consumers in comprehending the banking procedure
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Authorize transactions and manage payment clearances.
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Clerical work supervision
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Managing the monetary balance
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Assisting customers/clients with claim filing, processing, and settlement.
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Developing new policies or updating existing ones for the company's growth.
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Policy analysis and auditing on a regular basis.
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Must participate in inter-departmental discussions on claims processing.
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Work Pressure
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Have issues relating to expanding the consumer base and business.
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AAO does not have to be personally involved in expanding the organization's revenue or business.
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Place
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Urban And Rural
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Urban
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Career Growth
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Promotion occurs at a quicker rate, and SBI maintains a consistent promotion strategy.
Every 2-3 years, someone is promoted.
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The AAO does not have a rapid advancement policy.
Because LIC has a non-proactive promotion philosophy, it usually takes longer.
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Perk And Allowance
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- Defined Contributory Pension
- Gratuity
- Medical Benefit
- Group Insurance
- Travel Expenses
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Level of Promotion
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AAO
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Assistant Deputy Manager
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Deputy Manager
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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.
Is the LIC AAO getting a home posting?
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.
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.
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
Rs. 1,08,404/- (as per the official RBI Grade B Notification 2022).