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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
10% above
industry average
Highly rated for
Company culture, Salary, Work-life balance
Work Policy
Work from office
43% 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
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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
1.1k
4
351
3
164
2
48
1
92
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
3.8
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 1.5k reviews
4.2
Rated by 256 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 124 reviews in last 6 months
Work from office
43%
Hybrid
33%
Permanent work from home
24%
Life Insurance Corporation of India Reviews
Top mentions in Life Insurance Corporation of India Reviews
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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  | 3.8/5 based on 3.8k reviews | 4.0/5 based on 9.1k reviews |
Highly Rated for | Work-life balance Salary Company culture | Job security Skill development Salary | Job security | Skill development Job security Work-life balance |
Critically Rated for |  No critically rated category | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 43% employees reported | Work from office 87% employees reported | Work from office 76% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.2 Good rated by 256 women | 4.0 Good rated by 1.4k women | 3.7 Good rated by 612 women | 3.9 Good rated by 1.9k women |
Rating by Men Employees | 4.3 Good rated by 1.3k men | 4.1 Good rated by 4.6k men | 3.8 Good rated by 3k men | 4.0 Good rated by 6.8k men |
Job security | 4.0 Good | 4.1 Good | 3.8 Good | 3.9 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.
LIC Agent
(369 salaries)
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₹0.5 L/yr - ₹7.2 L/yr
Development Officer
(332 salaries)
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₹3.5 L/yr - ₹12 L/yr
Insurance Adviser
(307 salaries)
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₹0.9 L/yr - ₹7 L/yr
LIC Advisor
(196 salaries)
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₹1 L/yr - ₹6 L/yr
Agent
(183 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
(80 salaries)
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₹0.9 L/yr - ₹6.5 L/yr
Sales Executive
(68 salaries)
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₹1 L/yr - ₹5 L/yr
Life Insurance Advisor
(61 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
LIC Agent
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Marketing Executive
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Financial Advisor
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Popular Skills Life Insurance Corporation of India Hires for
Current Openings
Life Insurance Corporation of India News
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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
LIC’s Smart Pension: For those wanting safety with modest returns
- LIC's Smart Pension is an immediate annuity product with various options for policyholders.
- There are 21 withdrawal options, including choices for single and joint annuities and rate of annuity increase.
- It offers options for annuity payment certainty, accumulated annuity, and return of purchase price.
- The yields on LIC's Smart Pension are modest but provide safe income streams for retirement.
HinduBusinessLine | 22 Feb, 2025
LIC employees in J&K stage walkout over recruitment issues
- Employees of LIC in Jammu and Kashmir stage a one-hour walkout strike.
- Protest led by AIIEA over recruitment and workforce shortage concerns.
- Significant decrease in LIC employees over the past seven years.
- Demands for proper recruitment and recognition of AIIEA remain unmet.
HRKatha | 21 Feb, 2025
SBI, LIC And NTPC Among India’s Most Valuable State-Owned Firms: Hurun Report
- State Bank of India (SBI) is named as the most-valuable state-controlled company in India according to the '2024 Burgundy Private Hurun India 500' report.
- SBI's valuation is Rs 7.69 lakh crore, followed by LIC at Rs 5.89 lakh crore, and NTPC Ltd. also at Rs 5.89 lakh crore.
- The report included other valuable state-run companies such as ONGC, Power Grid, HAL, IRFC, and Bharat Electronics.
- The ranking was dominated by financial services, with SBI, LIC, and IRFC making the cut, while energy companies had the highest representation.
Bloomberg Quint | 19 Feb, 2025
LIC’s Smart Pension Plan: Key Features, Benefits, Eligibility And More
- LIC's Smart Pension Plan is a non-par, non-linked savings and immediate annuity plan.
- The plan offers a range of annuity options for both single life and joint life annuities.
- The minimum entry age for the plan is 18 years, and the maximum enrollment age is between 65 and 100 years depending on the annuity option.
- The plan offers higher annuity rates for LIC policyholders, partial or full withdrawal options, tax benefits, and the ability to secure financial benefits for dependents with disabilities.
Bloomberg Quint | 19 Feb, 2025
LIC unveils Smart Pension Plan: Single premium annuity with multiple payout options
- LIC has launched the Smart Pension Plan, offering a single premium annuity with multiple payout options.
- The plan is available for individuals and groups, and the minimum age to subscribe is 18 years.
- The minimum purchase price is ₹1 lakh, with incentives for higher purchase prices.
- Annuity payments can be made yearly, half-yearly, quarterly, or monthly.
HinduBusinessLine | 19 Feb, 2025
LIC Launches Smart Pension Plan With Single, Joint Life Options
- State-owned Life Insurance Corp. has launched a single-premium smart pension plan with single and joint life annuity options.
- The plan offers several liquidity options for partial or full withdrawal.
- The minimum purchase price is Rs 1,00,000 with incentives for higher purchase price.
- An immediate annuity option is available for NPS subscribers.
Bloomberg Quint | 19 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 3.8. 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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