Insurance and Financial Market Awareness | Topics to Cover and How to Prepare the Section Tips

The notification of the LIC AAO 2019 examination is finally out after a long wait! This examination differs from the other banking examination due to the addition of a new section- The Insurance and Financial Market Awareness. The section on Insurance and Financial Market Awareness is a part of the second Phase of the LIC AAO Examination 2019. This section has 30 questions carrying 2 marks each, totaling to a total of 60 marks. This has to be done within 20 minutes. There is also a minimum qualifying criteria wherein the student has to score at least a minimum of 30 marks (this is 27 marks for the SC/ST category). Now, 60 marks is a lot and can make or break your result. Also, this section may seem difficult at first glance but in reality, is very scoring. All you need to do is have a clear idea of the topics to be covered under the Insurance and Financial Market Awareness and prepare from a finite syllabus. Your overall score can really increase if the section on Insurance and Financial Market Awareness is done properly. We at Smartkeeda believe half the job is done if the aspirant is well informed and has access to proper material. Thus, we’ll be doing the following in an attempt to make the learning process easier and enjoyable:

Before jumping into it, let us take a look at the general examination pattern of the Mains or Phase 2 of the LIC AAO 2019:


No. of Questions

Maximum Marks


Reasoning Ability



40 minutes

General Knowledge & Current Affairs



20 minutes

Data Analysis & Interpretation



40 minutes

Insurance & Financial Market Awareness



20 minutes




2 Hours

Descriptive English (Letter Writing & Essay)



30 Minutes

Strategy for the Insurance and Financial Market Awareness section:

The special part about the section on financial market and Insurance awareness is that the time limit in this section should not be an issue ideally. This alone makes it different from the Quantitative aptitude section where the focus is on learning tricks to solve maximum questions in the given time. This is because in the financial market and Insurance awareness section, one would either know the answer or not. There is no calculation involved and no guess work and someone who is well prepared would be able to finish it within 10 minutes! The first step of the strategy is to know the list of topics to be prepared. The list is given below-

Topic List - Insurance and Financial Market Awareness

Financial Market Topics

Visit the following sites regularly and make notes of the FAQs and notifications (last 6 months)

Insurance Knowledge or Insurance Awareness Topics

Insurance and Financial Market Awareness Section: Points to remember-

The above is a highly comprehensive list of topics to be covered for this section. Going forward, we would be providing notes and free study material to help you understand each topic in an easy manner.

Happy Learning!
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