Last updated on February 21st, 2023 at 04:13 pm
For people looking for successful employment, there are numerous possibilities and government tests available. They don’t know which choice is best for their career, though. Currently, the most common exams taken by applicants are insurance and bank exams. These two occupations each have benefits and drawbacks. This post aims to dispel applicants’ misunderstandings about which career route to choose between SBI PO and LIC AAO. The article also gives us some notions about LIC AAO Vs SBI PO.
LIC AAO Vs SBI PO: Differences by Categories
Candidates can compare the LIC AAO Vs SBI PO differences in the table below.
| Category of Difference | LIC AAO | SBI PO |
|---|---|---|
| Name Of the Organisation | Life Insurance Corporation | State Bank Of India |
| Name of the Post | Assistant Administrative Officer | Probationary Officer |
| Eligibility opf the Candidate | Age Range is from 21 years to 30 years Educational Qualification – Graduation from any recognized university in India. | Age Range is from 21 years to 30 years Educational Qualification – Graduation from any recognized university in India. |
| Syllabus | ReasoningQuantitative AptitudeEnglish languageGeneral AwarenessInsurance and Financial Market awareness | ReasoningQuantitative AptitudeEnglish languageData Analysis and InterpretationComputer Aptitude |
| Salary Structure | From Rs.32795 to Rs 62315 | From Rs 27620 to Rs 42020 |
| Job Profile | Helping clients and consumers with the filing, processing, and payment of claims. For the expansion of the business, creating new policies or modifying current ones. Frequently conducting audits and analyses of policy. Must take part in departmental meetings about processing claims. | Helping customers to understand the banking process Manage transaction approvals and payment clearings. Administrative work oversight Maintaining the financial balance |
| Place of Post | Urban | Urban And Rural |
| Growth of Career | There is no rapid advancement policy at the AAO. It typically takes longer because LIC adheres to a non-proactive promotion policy. | Promotion happens more quickly, and SBI keeps to a consistent promotion plan. Someone is promoted every two to three years. |
| Perk And Allowance | Defined Contributory PensionGratuityMedical BenefitGroup InsuranceTravel Expenses | PensionMedical help for self and familyTravel ConcessionReduction of interest rate on property and vehicle loans |
| Promotion | AAOAssistant Deputy ManagerDeputy Manager | PODeputy ManagerManagerAssistant General ManagerDeputy General ManagerChief General ManagerDeputy Managing Director |
LIC AAO Vs SBI PO: Salary Structure
The substantial salaries offered by SBI PO and LIC AAO positions are among the main factors attracting applicants to these positions. The information in the tables below outlines the salaries for SBI POs and LIC AAOs.
| LIC AAO | SBI PO |
|---|---|
| Basic pay of Rs. 32795/- per month in the range of Rs. 32795-1610(14)-55335-1745(4)-62315 and additional permissible benefits as permitted by law. Total Monthly comes to approximately Rs 56,000/- per month. The benefits included with LIC AAO Salary are as follows: Defined Contributory PensionSpecial Allowance for passing Actuarial ExaminationGratuityLTC,Cash Medical BenefitGroup MediclaimGroup Personal Accident InsuranceGroup InsuranceVehicle Loan (2-wheeler/4-wheeler) as per rules.Mobile Expenses | The remuneration range for SBI PO positions is Rs. 7.55 Lakhs (minimum) to Rs. 12.93 Lakhs (highest), per the official release. Additionally, every five years, the salaries of bank personnel are updated. The following benefits are included with the SBI PO Salary: Contribution Pension Scheme/New Pension SchemeMedical Aid for self (100%) and for family (75%)LTCHome Travel Concession/ Leave Fare ConcessionConcessional interest rates for Housing/Car/Personal Loans |
LIC AAO Vs SBI PO: Syllabus
The comparision of syllabus between LIC AAO and SBI PO are as follows:
| LIC AAO Syllabus | SBI SO Syllabus |
|---|---|
| Reasoning Quantitative Aptitude English language General Awareness Insurance & Financial Market Awareness | Reasoning Quantitative Aptitude English language Data Analysis & Interpretation Computer Aptitude |
LIC AAO Vs SBI PO: Which is Tough?
Practically speaking, since LIC AAO is for AAO, it ought to be simpler than SBI PO, yet LIC examinations set the standard. Recently, they have been observed setting touch sheets rather than SBI PO.
LIC AAO and SBI PO: Which is Better?
SBI PO and LIC AAO each have advantages and drawbacks. Depending on the candidates’ choices. There are candidates who formerly worked in the insurance industry before transferring to the banking industry. SBI PO has a better profile when it comes to compensation. Candidates might choose LIC AAO for a better work-life balance, location of posting, and respectable remuneration. However, candidates must properly plan and prepare in order to pass both of these tests.
LIC AAO Vs SBI PO: FAQs
The starting salary of LIC AAo is Rs.56000/- per month and SBI PO is 7.55 lakhs per year.
The posting of LIC AAO is always in urban area on the other hand the posting of SBI PO can be in rural and urban areas.
SBI PO is more efficient than LIC AAO in terms of growth of career.
The age limit for LIC AAO and SBI PO is same. The age limit is from 21 years to 30 years.
The are two subjects which are different in both the position. For LIC AAO, it is General Awareness and Insurance & Financial Market awareness. For SBI PO it is Data Analysis & Interpretation and Computer Aptitude.