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Life Insurance Corporation of India (LIC) Interview Preparation

Easy-Medium

Insurance · Mumbai

Life Insurance Corporation of India (LIC) is a Insurance company hiring interns and freshers in Mumbai.

140+ questions3 rounds5 expert tipshttps://licindia.in

About Life Insurance Corporation of India (LIC)

Life Insurance Corporation of India (LIC) is India's largest state-owned life insurance and investment company, headquartered in Mumbai. Established in 1956, it is one of the largest insurers in the world by number of policyholders.

Interview Rounds3

1
Online Test60–90 min

Quantitative aptitude, logical reasoning, verbal ability, domain MCQs (banking/finance)

2
Technical / Domain Interview30–45 min

Finance fundamentals: accounting, markets, banking products, current economy, Excel skills

3
HR Interview20–30 min

Motivation, career goals, customer-handling situations, integrity scenarios

Practice Questions8

Key Topics

  • Banking & Finance Fundamentals50q
  • Quantitative Aptitude35q
  • Accounting & Financial Statements25q
  • Current Economy & Financial Markets20q
  • HR & Behavioral20q

Expert Tips

  • Stay current on RBI policy updates, Budget announcements, and major corporate news — expect 2–3 current affairs questions.
  • Know your accounting basics cold: P&L, Balance Sheet, Cash Flow, key ratios (ROE, NPA%, CAR).
  • For aptitude tests, practice percentage, profit-loss, time-work, and simple/compound interest problems.
  • Banking interviews often test customer service scenarios — practice empathetic, solution-first responses.
  • If targeting IBPS/SBI PO tracks, get IBPS Clerk and PO previous year papers — the pattern is very consistent year on year.