LIC Assistant case studies
LIC Assistant · Put your knowledge to work in context.
The LIC Assistant recruitment is a clerical-cadre hiring process run by Life Insurance Corporation of India, the country's largest life insurer, whose corporate office is at 'Yogakshema', Jeevan Bima Marg, Mumbai, and which is registered with IRDAI under registration number 512. The role suits graduates who want a stable insurance-sector career in branch operations, policy servicing and customer-facing work rather than a marketing or agency role. The LIC Assistant case studies are 5 cases and about 3,931 words.
1Insurable interest and the duty of disclosure across three proposals
Ravi Mehta, 38, a Nagpur trader, wants a ₹25,00,000 endowment policy on the life of his wife's brother, Anand, 41, a salaried engineer. Ravi will pay every premium, sign as proposer and name himself nominee so that 'the money stays in the family'.
797 words, about 4 min2Matching four needs to a product mix on a fixed ₹60,000 premium budget
Sunita Rao, 34, is a government schoolteacher in Kochi earning ₹9,60,000 a year and is the family's stable earner; her husband's catering income varies. She lists four needs: (i) ₹20,00,000 of protection on her own life for the next 20 years; (ii) about ₹12,00,000 in today's money for the boy's engineering course in 12 years; (iii) a guaranteed corpus for her retirement at 58; (iv) deduction under Section 80C this year.
793 words, about 4 min3Four pending items at the branch service desk on a Monday morning
On a Monday morning the Vasco-da-Gama branch opens with four items on the customer-service desk. (i) Meera Naik's maturity claim for ₹3,40,000: the discharge form and original policy were received 34 days ago, the credit has not been dispatched, and she flies to Dubai in ten days.
856 words, about 4 min4A lapsed endowment policy, a death claim and an agent's revival offer
Deepak Sharma, 44, took a 20-year participating endowment policy in March 2019 with sum assured ₹5,00,000, annual premium ₹27,600 due on 15 March, and paid on time in 2019, 2020, 2021 and 2022. He did not pay in March 2023 and never revived the policy.
815 words, about 4 min5Branch performance review: settlement ratio, agent productivity and next-year projection
At the annual review of a zonal branch, the following audited figures for 2024-25 are placed before the assistant: 160 active agents; 4,800 new policies; first-year premium ₹6,72,00,000; renewal premium ₹21,60,00,000; 320 death and maturity claims received, of which 305 were settled and 15 are pending. The zonal manager wants three things before the meeting: the settlement ratio, the gap to a 97.5% target, and a projection for next year assuming new policies rise 15% and the average first-year premium per policy rises 5%.
670 words, about 3 min