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Engaged Employer
Life Insurance Corporation of India
4.4
based on 1.8k Reviews
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
4.4/5
based on 1.8k reviews
46% above
industry average
Highly rated for
Work-Life Balance, Company Culture, Salary & Benefits
Work Policy
Work from office
46% 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
174 employees reported
Health insurance
123 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 (68 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, India
Office Locations
--
Websitelicindia.in
Primary Industry
Other Industries
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
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Life Insurance Corporation of India Ratings
based on 1.8k reviews
Overall Rating
4.4/5
How AmbitionBox ratings work?
5
1.2k
4
353
3
160
2
41
1
89
Category Ratings
4.3
Work-Life Balance
4.2
Company Culture
4.2
Salary & Benefits
4.1
Skill Development
4.1
Work Satisfaction
4.1
Job Security
3.9
Promotions/Appraisal
Life Insurance Corporation of India is rated 4.4 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.
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Gender Based Ratings at Life Insurance Corporation of India
based on 1.5k reviews
4.2
Rated by 250 Women
Rated 4.2 for Work-Life Balance and 4.2 for Skill Development
4.4
Rated by 1.3k Men
Rated 4.3 for Work-Life Balance and 4.2 for Company Culture
Work Policy at Life Insurance Corporation of India
based on 90 reviews in last 6 months
Work from office
46%
Hybrid
32%
Permanent work from home
22%
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 | 4.4/5 based on 1.8k reviews | 4.1/5 based on 6k reviews | 3.8/5 based on 3.6k reviews | 4.0/5 based on 8.5k reviews |
Highly Rated for | Work-Life balance Company culture Salary & Benefits | Job Security Skill development Salary & Benefits | Job Security | Skill development Job Security Company culture |
Critically Rated for | No critically rated category | No critically rated category | Promotion/Appraisals | No critically rated category |
Primary Work Policy | Work from office 46% employees reported | Work from office 90% employees reported | Work from office 78% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.2 Good rated by 250 women | 4.0 Good rated by 1.3k women | 3.8 Good rated by 566 women | 3.9 Good rated by 1.8k women |
Rating by Men Employees | 4.4 Good rated by 1.3k men | 4.1 Good rated by 4.3k men | 3.8 Good rated by 2.8k men | 4.0 Good rated by 6.3k men |
Job Security | 4.1 Good | 4.1 Good | 3.9 Good | 3.9 Good |
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Life Insurance Corporation of India Salaries
4.2
rated by 1.8k employees for salariesLIC Agent
(374 salaries)
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₹0.5 L/yr - ₹7 L/yr
Insurance Adviser
(317 salaries)
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₹0.9 L/yr - ₹8 L/yr
Development Officer
(226 salaries)
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₹3.5 L/yr - ₹12.3 L/yr
LIC Advisor
(170 salaries)
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₹1 L/yr - ₹6 L/yr
Agent
(128 salaries)
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₹0.8 L/yr - ₹7 L/yr
Office Assistant
(98 salaries)
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₹0.5 L/yr - ₹4.5 L/yr
Financial Advisor
(82 salaries)
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₹1 L/yr - ₹6 L/yr
Agent Advisor
(76 salaries)
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₹0.9 L/yr - ₹6.5 L/yr
Sales Executive
(72 salaries)
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₹1 L/yr - ₹6 L/yr
Life Insurance Advisor
(68 salaries)
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₹1.2 L/yr - ₹5.1 L/yr
Life Insurance Corporation of India Interview Questions
Interview questions by designation
Top interview questions and answers
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Interview Process at Life Insurance Corporation of India
based on 14 interviews in last 1 year
Interview Experience
4.4
Good
Difficulty level
Easy
60%
Moderate
40%
People are getting interviews through
based on 48 Life Insurance Corporation of India interviews
Job Portal
28%
Walkin
23%
Company Website
8%
Referral
6%
*35% candidates got the interview through other sources
High confidence
Life Insurance Corporation of India Jobs
Life Insurance Corporation of India News
View all
LIC Logs Jump In Unclaimed Maturity Amounts To Rs 881 Crore In FY24
- Life Insurance Corporation of India reported unclaimed maturity amounts of Rs 880.93 crore for fiscal 2024.
- 3.72 lakh policyholders failed to claim their maturity benefits during the fiscal.
- To address this issue and reduce unclaimed and outstanding claims, LIC has implemented various initiatives, including advertisements in print and digital media, as well as radio jingles, urging policyholders to claim their due amounts.
- Reminder letters are sent through ordinary/speed post as well as through email where available, and also SMS are sent where mobile numbers are available.
Bloomberg Quint | 16 Dec, 2024
Buy, Sell Or Hold: LIC, Piramal Pharma, Mamaearth, Tata Power, Titagarh Rail Systems — Ask Profit
- Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of LIC, Tata Power, Hyundai Motors, Mamaearth, and Piramal Pharma, among others.
- Tata Power: Analyst suggests to hold with a target of Rs 500 level.
- LIC: Analyst suggests to hold with a target of Rs 1,150-1,200 level.
- Piramal Pharma: Analyst suggests to hold with a target of Rs 325-350 (9-12 month horizon) or Rs 400-plus (more than two years) level.
- Titagarh Rail Systems: Analyst suggests to buy with a target of Rs 1,450 to Rs 1,500 plus level.
Bloomberg Quint | 12 Dec, 2024
November 2024 Sees Rise In Private APE; LIC APE Impacted By Weak Group Single Premiums: CareEdge
- The life insurance industry reported a higher sequential annual premium equivalent growth of 19.9% YoY in November 2024, compared to 10.6% in October 2024.
- Private APE (Annual Premium Equivalent) experienced a rise in November 2024.
- LIC APE (Annual Premium Equivalent) was impacted by weak group single premiums.
- The strong performance in H1 FY25 contributed to the growth in private APE.
Bloomberg Quint | 12 Dec, 2024
Life Insurance industry posts 15.67 per cent growth in new business premiums at ₹2.42 lakh crore
- The life insurance industry in India witnessed a 15.67% growth in new business premiums during April-November 2024, reaching ₹2.41 lakh crore.
- Life Insurance Corporation (LIC) recorded a 16.08% increase in new business premiums to ₹1.44 lakh crore.
- Private insurance players also saw a 15.09% rise in new business premiums to ₹1.00 lakh crore.
- The growth indicates strong demand for insurance products as consumers and corporate clients seek enhanced protection.
HinduBusinessLine | 10 Dec, 2024
LIC Raises Stake In Asian Paints To 7% From 5%
- Life Insurance Corp. (LIC) increased its stake in Asian Paints Ltd. to 7.010% from 5.001% through an open market purchase.
- LIC's shareholding in the equity shares of the paints company increased to 6.72 crore shares from approximately 4.8 crore shares.
- The acquisition took place at an average cost of Rs 2,891.25.
- Asian Paints has a market capitalisation of Rs 2.3 lakh crore.
Bloomberg Quint | 10 Dec, 2024
LIC Fails To Impress As Brokerages Bet Big On Private Insurers
- LIC reported a 27% year-on-year decline in total premium collections in November, raising concerns about its ability to adapt to regulatory changes.
- Private insurers, including ICICI Prudential Life Insurance, HDFC Life, and SBI Life, outperformed LIC in November.
- Brokerages attribute the outperformance of private players to their ability to adapt to regulatory shifts and focus on high-margin segments.
- Brokerages are bullish on the life insurance sector, particularly private players, for the medium term, but advise caution due to new surrender regulations and uncertainty around the sector.
Bloomberg Quint | 10 Dec, 2024
LIC Aims To Enroll 1 Lakh Bima Sakhi As Part Of Women Empowerment Drive
- State-owned Life Insurance Corporation aims to enrol 1 lakh Bima Sakhi in the next 12 months as part of its women empowerment drive.
- The insurer will spend up to Rs 840 crore towards stipend in the enrolment.
- The stipend for the first year would be Rs 7,000 per month, Rs 6,000 per month next year and Rs 5,000 per month in the third year.
- LIC plans to appoint one Bima Sakhi in every Gram Panchayat to reach under-penetrated areas.
Bloomberg Quint | 10 Dec, 2024
LIC Cuts Stake In Lupin By Nearly Half To 2.54%
- Life Insurance Corporation (LIC) has reduced its shareholding in Lupin Ltd. by nearly half.
- The share sale was conducted between Sept. 30 and Dec. 6, according to an exchange filing.
- In the second quarter of the current financial year, Lupin reported a 13% revenue rise to Rs 5,672.7 crore.
- Shares of Lupin Ltd. closed 1.21% lower at Rs 2,106.65 on Monday.
Bloomberg Quint | 9 Dec, 2024
LIC expects getting at least 5 times biz from spending on Bima Sakhi
- LIC expects to gain at least 5-7 times more business from their investment in the 'Bima Sakhi' scheme.
- The corporation aims to enroll at least 1 lakh women under the scheme by December 2025.
- Each 'Bima Sakhi' will have a target of selling at least two policies per month, resulting in additional income.
- After completing 3 years of training, 'Bima Sakhi' can become eligible for the post of Development Officer.
HinduBusinessLine | 9 Dec, 2024
LIC Acquires More Stake In Hindalco Industries For Rs 16.35 Crore
- Life Insurance Corp. (LIC) has acquired more stake in Hindalco Industries Ltd. by 0.01%, or 2,47,000 lakh shares, for Rs 16.35 crore.
- LIC's shareholding in Hindalco Industries has increased to 5% or 11,25,35,358 shares.
- The acquisition was made through open market transactions at an average price of Rs 661.79.
- LIC clarified that the acquisition is not a related party transaction and was done with the intention of investment.
Bloomberg Quint | 6 Dec, 2024
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