Add office photos
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
41% employees reported
Monday to Saturday
41% employees reported
Flexible timing
71% employees reported
Within city
49% 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
357
3
166
2
48
1
95
Category Ratings
4.2
Company culture
4.2
Salary
4.2
Work-life balance
4.1
Job security
4.1
Skill development
4.1
Work satisfaction
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 269 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 138 reviews in last 6 months
Work from office
41%
Hybrid
30%
Permanent work from home
29%
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 6.4k reviews | 4.1/5 based on 5.6k reviews | 3.9/5 based on 9.4k 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 41% employees reported | Work from office 88% employees reported | Work from office 81% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.2 Good rated by 269 women | 4.0 Good rated by 1.4k women | 4.1 Good rated by 1.2k women | 3.8 Good rated by 2k women |
Rating by Men Employees | 4.3 Good rated by 1.3k men | 4.1 Good rated by 4.7k men | 4.1 Good rated by 4.1k men | 4.0 Good rated by 7k men |
Job security | 4.1 Good | 4.1 Good | 4.0 Good | 3.8 Good |
View more
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.
LIC Agent
(351 salaries)
Unlock
₹0.5 L/yr - ₹7 L/yr
Insurance Adviser
(300 salaries)
Unlock
₹0.9 L/yr - ₹7.5 L/yr
LIC Advisor
(195 salaries)
Unlock
₹1 L/yr - ₹6 L/yr
Development Officer
(191 salaries)
Unlock
₹3.5 L/yr - ₹12.3 L/yr
Agent
(187 salaries)
Unlock
₹0.7 L/yr - ₹7 L/yr
Office Assistant
(88 salaries)
Unlock
₹0.5 L/yr - ₹4.5 L/yr
Financial Advisor
(84 salaries)
Unlock
₹1 L/yr - ₹6 L/yr
Agent Advisor
(82 salaries)
Unlock
₹0.7 L/yr - ₹6.3 L/yr
Sales Executive
(67 salaries)
Unlock
₹1 L/yr - ₹6 L/yr
Life Insurance Advisor
(65 salaries)
Unlock
₹1.2 L/yr - ₹5.1 L/yr
Life Insurance Corporation of India Interview Questions
Interview questions by designation
Top Life Insurance Corporation of India interview questions and answers
Get interview-ready with top interview questions
Life Insurance Corporation of India Jobs
Popular Designations Life Insurance Corporation of India Hires for
Insurance Adviser
Create job alerts
LIC Agent
Create job alerts
Life Insurance Agent
Create job alerts
Marketing Executive
Create job alerts
Financial Advisor
Create job alerts
Advisor
Create job alerts
Life Insurance Advisor
Create job alerts
Popular Skills Life Insurance Corporation of India Hires for
Current Openings
Life Insurance Corporation of India News
View all
Buy, Sell Or Hold: Cochin Shipyard, RIL, LIC, UltraTech, Power Grid, Wipro, Ireda — Ask Profit
- Analysts provided insights on Cochin Shipyard, RIL, LIC, UltraTech, Power Grid, Wipro, Ireda, and Ola Electric Mobility.
- For Cochin Shipyard, analysts suggest holding and selling, expecting a bounceback towards Rs 1,700.
- RIL is advised as a buy opportunity due to being at a 52-week low with possible demerger expectations, while LIC is recommended for selling due to the low life insurance penetration in India.
- UltraTech Cement is seen as a hold option in the cement industry's favorable outlook, and Power Grid is advised as a hold with expectations of positive short-term performance.
- Wipro is recommended for buying based on strong support levels, while Ireda is suggested for holding but may take time for significant wealth creation.
- Ola Electric Mobility is advised for selling due to competition challenges and recent performance issues.
- Viewers are advised to consult their financial advisers before making any investment decisions.
Bloomberg Quint | 8 Apr, 2025
LIC rejects USTR claims of unfair advantage in Indian insurance market
- The Life Insurance Corporation of India (LIC) has rejected claims by the United States Trade Representative (USTR) that it has an unfair advantage in the Indian insurance market due to government support.
- LIC stated that the statutory guarantee provided at its establishment in 1956 was not used as a marketing tool or to gain an undue advantage.
- LIC emphasized that it operates in a competitive market and is subject to the same regulatory oversight as its private competitors.
- The USTR report also criticised various aspects of India's financial sector, including barriers for foreign firms and non-transparent limitations.
HinduBusinessLine | 4 Apr, 2025
PSU Bank stocks: PSB, UCO Bank shares tumble
- PSB and UCO Bank stocks tumble as PSB raised ₹1,219 crore through qualified institutional placement (QIP).
- PSB issued 16.40% shares to Life Insurance Corporation of India and 8.20% to SBI Life Insurance Co Ltd.
- UCO Bank's board approved allotment of shares at a price of ₹34.27 per share, aggregating to ₹1,999 crore.
- PSB shares traded 18.91% lower and UCO Bank shares traded 7.20% lower on the NSE.
HinduBusinessLine | 1 Apr, 2025
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
Powered by
Life Insurance Corporation of India Perks & Benefits
Life Insurance Corporation of India Offices
Compare Life Insurance Corporation of India with
Bajaj Allianz Life Insurance
3.9
ICICI Lombard General Insurance Company
3.7
SBI Life Insurance Company
3.8
HDFC Ergo General Insurance
3.9
Tata AIA Life Insurance
4.0
Kotak Mahindara Life Insurance
3.7
Aditya Birla Sun Life Insurance
4.0
Reliance Nippon Life Insurance
3.6
Bajaj Allianz General Insurance
3.9
Cholamandalam MS General Insurance
3.8
Gallagher
3.7
Star Health & Allied Insurance
3.6
Aditya Birla Health Insurance Co
3.9
Shriram Life Insurance
3.6
Principal Global Services
3.9
Allianz Partners
3.6
Allianz
4.4
National Insurance Company
4.2
The New India Assurance Co.
4.5
United India Insurance Company
4.3
Contribute & help others!
You can choose to be anonymous
Companies Similar to Life Insurance Corporation of India
HDFC Life
Banking / Insurance / Accounting, Financial Services, Insurance
3.9
• 9.4k reviews
ICICI Prudential Life Insurance
Financial Services, Insurance
4.1
• 6.4k reviews
Axis Max Life Insurance
Consumer goods, Financial Services, Manufacturing, Insurance
4.1
• 5.6k reviews
Bajaj Allianz Life Insurance
Financial Services, Insurance
3.9
• 5.1k reviews
ICICI Lombard General Insurance Company
Financial Services, Insurance
3.7
• 4.6k reviews
SBI Life Insurance Company
Financial Services, Insurance
3.8
• 4k reviews
HDFC Ergo General Insurance
Financial Services, Insurance
3.9
• 3.3k reviews
Tata AIA Life Insurance
Financial Services, Insurance
4.0
• 3.3k reviews
Kotak Mahindara Life Insurance
Banking / Insurance / Accounting, Financial Services, Insurance
3.7
• 2.9k reviews
Aditya Birla Sun Life Insurance
Financial Services, Insurance
4.0
• 2.8k reviews
Reliance Nippon Life Insurance
Financial Services, Insurance
3.6
• 2.8k reviews
Bajaj Allianz General Insurance
Insurance
3.9
• 2.5k reviews
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.
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
75 Lakh+
Reviews
5 Lakh+
Interviews
4 Crore+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app
Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.
Follow us
