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Engaged Employer
Life Insurance Corporation of India
4.3
based on 1.8k Reviews
Video summary
Company Overview
Company Locations
Working at Life Insurance Corporation of India
Company Summary
Life Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company.
Overall Rating
4.3/5
based on 1.8k reviews
13% above
industry average
Highly rated for
Company culture, Salary, Work-life balance
Work Policy
Work from office
38% employees reported
Monday to Saturday
41% employees reported
Flexible timing
71% employees reported
Within city
48% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
172 employees reported
Health insurance
121 employees reported
Professional degree assistance
59 employees reported
Office cab/shuttle
48 employees reported
View all benefits
About Life Insurance Corporation of India
Founded in1956 (69 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, India
Office Locations
--
Websitelicindia.in
Primary Industry
Other Industries
View in video summary
Every day we wake up to the fact that more than 250 million lives are part of our family called LIC. We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed. Though this journey started over six decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 61 years has been a process called TRUST.
Mission: Ensure and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.
Vision: A trans-nationally competitive financial conglomerate of significance to societies and Pride of India
Life Insurance Corporation of India Ratings
based on 1.8k reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
1.2k
4
354
3
166
2
48
1
94
Category Ratings
4.2
Company culture
4.2
Salary
4.2
Work-life balance
4.1
Skill development
4.1
Work satisfaction
4.0
Job security
3.9
Promotions
Life Insurance Corporation of India is rated 4.3 out of 5 stars on AmbitionBox, based on 1.8k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Life Insurance Corporation of India
based on 1.6k reviews
4.2
Rated by 262 Women
Rated 4.2 for Skill development and 4.1 for Work-life balance
4.3
Rated by 1.3k Men
Rated 4.2 for Work-life balance and 4.2 for Company culture
Work Policy at Life Insurance Corporation of India
based on 134 reviews in last 6 months
Work from office
38%
Hybrid
34%
Permanent work from home
28%
Life Insurance Corporation of India Reviews
Top mentions in Life Insurance Corporation of India Reviews
+ 5 more
Compare Life Insurance Corporation of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.3/5 based on 1.8k reviews | 4.1/5 based on 6.3k reviews | 4.1/5 based on 5.5k reviews | 3.9/5 based on 9.3k reviews |
Highly Rated for | Work-life balance Salary Company culture | Job security Skill development Salary | Skill development Job security Company culture | Skill development Work-life balance Job security |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 38% employees reported | Work from office 87% employees reported | Work from office 80% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.2 Good rated by 262 women | 4.0 Good rated by 1.4k women | 4.1 Good rated by 1.2k women | 3.9 Good rated by 2k women |
Rating by Men Employees | 4.3 Good rated by 1.3k men | 4.1 Good rated by 4.6k men | 4.1 Good rated by 4.1k men | 4.0 Good rated by 6.9k men |
Job security | 4.0 Good | 4.1 Good | 4.0 Good | 3.8 Good |
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Life Insurance Corporation of India Salaries
Life Insurance Corporation of India salaries have received with an average score of 4.2 out of 5 by 1.8k employees.
Development Officer
(328 salaries)
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₹3.6 L/yr - ₹12 L/yr
Insurance Adviser
(308 salaries)
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₹0.9 L/yr - ₹6.2 L/yr
LIC Agent
(265 salaries)
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₹0.5 L/yr - ₹7.5 L/yr
LIC Advisor
(175 salaries)
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₹1 L/yr - ₹6 L/yr
Agent
(137 salaries)
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₹0.7 L/yr - ₹7 L/yr
Office Assistant
(90 salaries)
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₹0.5 L/yr - ₹4.5 L/yr
Financial Advisor
(84 salaries)
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₹1 L/yr - ₹6 L/yr
Agent Advisor
(81 salaries)
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₹0.7 L/yr - ₹6.5 L/yr
Sales Executive
(66 salaries)
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₹1 L/yr - ₹5 L/yr
Life Insurance Advisor
(62 salaries)
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₹1.2 L/yr - ₹5.1 L/yr
Life Insurance Corporation of India Interview Questions
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Life Insurance Corporation of India Jobs
Popular Designations Life Insurance Corporation of India Hires for
Life Insurance Agent
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Marketing Executive
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Financial Advisor
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Advisor
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Life Insurance Advisor
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Popular Skills Life Insurance Corporation of India Hires for
Life Insurance Corporation of India News
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NSE IPO delay may hit State-owned investors the hardest
- The potential delay in the initial public offering (IPO) of the National Stock Exchange (NSE) may have the greatest impact on the state-owned investors.
- State-owned entities, including LIC, SBI, and four public sector insurance companies, are among the major shareholders of NSE.
- SEBI has advised NSE to pause the IPO process due to certain concerns, which may cause a delay of up to two years.
- Several marquee shareholders have previously reduced their holdings due to the delay in the IPO.
HinduBusinessLine | 28 Mar, 2025
LIC's Market Share In Value Of New Business To Improve, Margins To Expand, Says B&K Securities
- LIC's market share in the value of new business (VNB) is expected to improve despite a decline in the Annual Premium Equivalent-based market.
- B&K Securities has initiated a 'buy' rating on LIC and expects the VNB margin to reach 20% with product mix and improvement in persistency.
- LIC holds a 35% market share on total Annual Premium Equivalent (APE) basis and has maintained market share in VNB terms through changes in product mix.
- B&K Securities believes LIC is well-positioned for stable growth and margin expansion, and there is potential value in LIC's potential foray into health insurance space through acquisition.
Bloomberg Quint | 25 Mar, 2025
Stock Recommendations Today: Suzlon Energy, LIC, TCS, Infosys, Bandhan Bank On Brokerages' Radar
- Life Insurance Corp., Bandhan Bank Ltd., Suzlon Energy Ltd., and information technology stocks are among the top companies on brokerages' radar on Tuesday.
- Bernstein has placed a Nifty 50 year-end target of 26,500 and said the recovery seen in markets recently should not be considered linear as sentiment can continue to swing.
- HSBC has raised the target price for a string of non-bank financial companies.
- UBS has cut target price of several IT companies.
Bloomberg Quint | 25 Mar, 2025
Stock Market Live: Nifty May See Profit Booking At 22,950; Bank Nifty Can Take Out 50,000
- The Nifty 50's key support zones stand at 22,700–22,600 while 2,950 and 23,000 could be profit-booking areas.
- Immediate support for Nifty 50 is placed at 22,500-22,600 levels.
- LIC is in advanced discussions to acquire a significant stake in a standalone health insurance provider.
- Tata Steel, JSW Steel, and LIC are in focus in the stock market.
Bloomberg Quint | 19 Mar, 2025
Stock Market Today: All You Need To Know Before Going Into Trade On March 19
- The NSE Nifty 50 and BSE Sensex closed higher on Tuesday, with Nifty 50 rising 1.45% and Sensex 1.53%, marking the best day in 28 sessions.
- Global stock markets saw an uplift as fears of a US recession diminished and outlook for China improved.
- Foreign portfolio investors turned net buyers of Indian equities after 17 straight sessions, while domestic institutional investors also made significant purchases.
- Stocks to watch include Bajaj Auto, G R Infraprojects, LIC, NTPC, Yes Bank, and others with updates on their business activities.
- Prabha Energy is set to list on Wednesday in the 'T Group' of securities, under the Trade-for-Trade segment for 10 trading days.
- Bulk deals involved Axis Bank, Bajaj Finance, Gensol Engineering, with transactions made by SEI Trust Company, Wells Fargo Emerging Markets Equity Cit, and others.
- Insider trading activities include purchases by promoters of companies like Maharashtra Seamless, West Coast Paper Mills, Sagar Cements, and others.
- Trading tweaks include ex-dividend information, shortlisted securities in Short-Term ASM Framework Stage - I, and securities to be excluded from ASM Framework.
- Currency update highlights the Indian rupee strengthening against the US dollar, reaching a three-week high on account of foreign fund inflows.
- F&O cues indicate Nifty March futures up at a premium with open interest distribution showing activity at particular strike points.
Bloomberg Quint | 19 Mar, 2025
Stocks To Watch Today: Bajaj Auto, LIC, L&T, NTPC, Nazara Tech, Yes Bank, Zydus Life
- Bajaj Auto has approved the re-appointment of Rajivnayan Rahulkumar Bajaj as the managing director and CEO.
- G R Infraprojects has received a letter of acceptance for a Rs 4,263 crore order from NHAI.
- LIC is in advanced discussions to acquire a significant stake in a standalone health insurance provider.
- NTPC plans to raise Rs 4,000 crore by issuing non-convertible debentures through private placement.
Bloomberg Quint | 19 Mar, 2025
Stock Market Today: All You Need To Know Going Into Trade On Feb. 28
- The NSE Nifty 50 closed slightly lower, while the BSE Sensex inched higher on Thursday.
- Benchmark indices closed flat, with the finance sector leading gains and media and realty sectors declining.
- Foreign portfolio investors continued as net sellers, while domestic institutional investors remained net buyers.
- Earnings highlights post-market hours include KSB and Schaeffler India with positive growth.
- Stocks to watch include Transrail Lighting, Tata Power, PNC Infratech, LIC, Rail Vikas Nigam, and more.
- Insider trades involving TGV Sraac, Jindal Drilling & Industries, Steel Strips Wheels, Premier Polyfilm, and Taarc were reported.
- Trading tweaks included price band changes, stocks moving in/out of ASM framework, ex-dividend, ex-split, and ex-bonus stocks.
- F&O cues indicated Nifty March futures down slightly, along with options data for March 6 expiry.
- The Indian rupee saw slight fluctuations against the US dollar on Thursday's trading session.
- Currency update highlighted the rupee's performance closing at 87.20 against the dollar.
Bloomberg Quint | 28 Feb, 2025
From Finance Reforms To Market Regulation: Tuhin Kanta Pandey’s Path To SEBI
- Tuhin Kanta Pandey has been appointed as the new Chairman of the Securities and Exchange Board of India (SEBI).
- Pandey has held key leadership roles in finance, aviation, and public enterprises, contributing to India's economic policies and regulatory landscape.
- He oversaw critical reforms such as the privatisation of Air India and the public listing of Life Insurance Corporation (LIC) as the head of the Department of Investment and Public Asset Management (DIPAM).
- Madhabi Puri Buch, the current Chairperson of SEBI, will conclude her tenure on March 1, 2025, making way for Tuhin Kanta Pandey.
Bloomberg Quint | 28 Feb, 2025
Stocks that will see action today: 25 February 2025
- Torrent Power's arm, Torrent Green Energy, has incorporated Torrent Urja 32 Pvt Ltd (TU32) to generate electricity from renewable energy.
- IREDA has received approval from its shareholders to raise up to ₹5,000 crore through issuance of equity shares to qualified institutional buyers.
- Life Insurance Corporation of India (LIC) has been slapped with a demand notice of about Rs 57.2 crore for excess Input Tax Credit (ITC) availed.
- Biocon Biologics has launched a biosimilar product to treat certain autoimmune diseases in the US market.
HinduBusinessLine | 25 Feb, 2025
LIC Faces Rs 57.2 Crore GST Demand For Excess ITC In FY21
- Life Insurance Corp. of India (LIC) has received a demand notice of about ₹57.2 crore for excess Input Tax Credit (ITC) availed for the financial year 2020-21.
- The demand includes ₹31.04 crore towards GST, ₹23.13 crore as interest, and ₹3.10 crore as penalty.
- LIC stated that there will be no material impact on its financials, operations, or other activities.
- The demand notice was issued by the Assistant Commissioner, Delhi, and LIC has received a communication regarding the excess ITC availed.
Bloomberg Quint | 25 Feb, 2025
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Life Insurance Corporation of India FAQs
When was Life Insurance Corporation of India founded?
Life Insurance Corporation of India was founded in 1956. The company has been operating for 69 years primarily in the Insurance sector.
Where is the Life Insurance Corporation of India headquarters located?
Life Insurance Corporation of India is headquartered in Mumbai.
How many employees does Life Insurance Corporation of India have in India?
Life Insurance Corporation of India currently has more than 98,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Life Insurance Corporation of India based on the number of reviews submitted on AmbitionBox.
Does Life Insurance Corporation of India have good work-life balance?
Life Insurance Corporation of India has a work-life balance rating of 4.2 out of 5 based on 1,800+ employee reviews on AmbitionBox. 83% employees rated Life Insurance Corporation of India 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Life Insurance Corporation of India work-life balance reviews for more details
Is Life Insurance Corporation of India good for career growth?
Career growth at Life Insurance Corporation of India is rated fairly well, with a promotions and appraisal rating of 3.9. 83% employees rated Life Insurance Corporation of India 4 or above, while 17% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Life Insurance Corporation of India promotions/appraisals reviews for more detailed insights.
What are the pros of working in Life Insurance Corporation of India?
Working at Life Insurance Corporation of India offers several advantages that make it an appealing place for employees. The company is highly rated for company culture, salary & benefits and work life balance, based on 1,800+ employee reviews on AmbitionBox.
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