LIC Financial Services Executives (FSE) Syllabus
The syllabus for the LIC (Life Insurance Corporation of India) Financial Services Executives (FSE) exam is designed to evaluate candidates’ knowledge and skills relevant to financial services and insurance. The syllabus typically includes a variety of subjects, each focusing on different aspects of financial and insurance services. Here’s a comprehensive breakdown of what you can expect:
1. General Knowledge and Current Affairs
- Current Events: Major national and international events, sports, awards, and honors.
- General Awareness: Updates on political, economic, environmental, and social issues.
- Indian History and Culture: Important historical events, cultural heritage, and freedom struggle.
- Geography: Basic concepts of Indian and world geography.
2. Quantitative Aptitude
- Arithmetic: Problems related to percentages, profit and loss, simple and compound interest, ratio and proportion, average, and number systems.
- Data Interpretation: Analyzing and interpreting data from tables, graphs, and charts.
- Algebra: Basic algebraic operations, equations, and inequalities.
- Geometry and Mensuration: Understanding geometric shapes, area, volume, and surface area calculations.
3. Reasoning Ability
- Verbal Reasoning: Analogies, series completion, coding-decoding, and blood relations.
- Non-Verbal Reasoning: Series, analogy, and pattern recognition with figures and diagrams.
- Logical Reasoning: Sequences, puzzles, and problem-solving.
4. English Language
- Grammar: Sentence correction, error spotting, and understanding grammatical structures.
- Comprehension: Reading comprehension and answering related questions.
- Vocabulary: Synonyms, antonyms, and contextual meaning.
- Writing Skills: Drafting letters, emails, and basic composition.
5. Insurance and Financial Knowledge
- Basics of Insurance: Types of insurance, principles of insurance, and the role of LIC.
- Financial Products: Understanding of various financial products and services offered by LIC and other institutions.
- Insurance Policies: Detailed knowledge about life insurance policies, premium calculations, and policy features.
- Regulations and Guidelines: Overview of IRDAI (Insurance Regulatory and Development Authority of India) regulations and guidelines.
6. Financial Market Awareness
- Financial Instruments: Knowledge of different financial instruments like stocks, bonds, mutual funds, and their features.
- Investment Concepts: Basics of investment strategies, asset allocation, and portfolio management.
- Economic Environment: Understanding of economic terms, inflation, GDP, and economic policies.
7. Sales and Marketing Skills
- Sales Techniques: Effective sales strategies, customer relationship management, and techniques to handle objections.
- Marketing Strategies: Basics of marketing, market segmentation, and product positioning.
- Customer Service: Communication skills, customer support, and complaint resolution.
8. Company Profile
- LIC Overview: History, organizational structure, and functions of LIC.
- Products and Services: In-depth knowledge of LIC’s various financial and insurance products and services.
Exam Preparation Tips:Syllabus for LIC Financial Services Executives (FSE)
- Study Material: Use official LIC study guides, books on insurance, financial services, and general aptitude.
- Mock Tests: Practice with mock tests and previous years’ question papers to familiarize yourself with the exam pattern and types of questions.
- Current Affairs: Stay updated with current events through newspapers, news channels, and reliable news sources.
