Life Insurance Agent

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Life Insurance Agent Salary in Banking in India

based on 12 latest salaries • updated: 15 May 2024
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Annual salary range

₹1.2 Lakh - ₹3 Lakhs

Moderate Confidence
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Moderate Confidence means the data is based on a sufficient number of latest salaries.
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Experience wise Life Insurance Agent salaries

Years of experience Avg. Annual Salary
Fresher
(4 salaries)
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₹1.2 L/yr - ₹2.5 L/yr

1 year
(5 salaries)
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₹1 L/yr - ₹2.5 L/yr

2 years
(1 salaries)
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₹2.5 L/yr - ₹2.5 L/yr

4 years
(3 salaries)
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₹1.5 L/yr - ₹3 L/yr

5 years
(1 salaries)
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₹6 L/yr - ₹6 L/yr

Life Insurance Agent Salary in India ranges between ₹1.2 Lakh to ₹3 Lakhs for less than 1 year of experience to 4 years of experience . Salary estimates are based on 12 latest salaries received from Life Insurance Agent.
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Life Insurance Agent salaries in different departments

Department Avg Annual Salary
Sales & Business Development
Life Insurance Agent Salary
2 - 4 years exp. (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

BFSI, Investments & Trading
Life Insurance Agent Salary
1 year exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Latest annual salaries shared by Life Insurance Agents

2d ago

Oman Shapoorji Llc

Life Insurance Agent

2 years exp.

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1w ago

Life Insurance Corporation of India

Life Insurance Agent

3 years exp.

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2w ago

Life Insurance Corporation of India

Life Insurance Agent

1 year exp.

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2w ago

Aviva Life Insurance India

Life Insurance Agent

1 year exp.

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1mo ago

Life Insurance Corporation of India

Life Insurance Agent

4 years exp.

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1mo ago

Future Generali India Life Insurance

Life Insurance Agent

1 year exp.

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1mo ago

Pace Setters Business Solutions

Life Insurance Agent

4 months exp.

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2mo ago

Shriram Life Insurance

Life Insurance Agent

4 years exp.

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2mo ago

IndiaFirst Life Insurance

Life Insurance Agent

2 years exp.

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3mo ago

Bharti AXA Life Insurance

Life Insurance Agent

3 years exp.

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View all latest salaries

Similar Designation Salaries for Life Insurance Agent

Designations Avg Annual Salary
Life Insurance Advisor Salary
0 - 6 years exp.
(21 salaries)
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₹1 L/yr - ₹6.5 L/yr

Insurance Executive Salary
1 - 6 years exp.
(35 salaries)
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₹1.1 L/yr - ₹4.7 L/yr

LIC Agent Salary
1 - 8 years exp.
(9 salaries)
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₹0.3 L/yr - ₹4.5 L/yr

Sales Manager Salary
2 - 15 years exp.
(12k salaries)
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₹3 L/yr - ₹10.5 L/yr

Agent Salary
0 - 4 years exp.
(73 salaries)
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₹1.2 L/yr - ₹4.3 L/yr

View more similar designations

Life Insurance Agent Salary By Locations

Locations Avg Annual Salary
Kolkata
Life Insurance Agent
0 - 7 years exp.
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₹1 L/yr - ₹5 L/yr

New Delhi
Life Insurance Agent
0 - 7 years exp.
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₹1.2 L/yr - ₹4.2 L/yr

Mumbai
Life Insurance Agent
0 - 6 years exp.
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₹1.6 L/yr - ₹3.5 L/yr

Hyderabad / Secunderabad
Life Insurance Agent
0 - 3 years exp.
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₹1.5 L/yr - ₹3.8 L/yr

Ahmedabad
Life Insurance Agent
0 - 5 years exp.
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₹1.9 L/yr - ₹6 L/yr

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Life Insurance Agent Salary In Other Industries

Industries Avg Annual Salary
Financial Services
Life Insurance Agent
0 - 9 years exp.
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₹1 L/yr - ₹5 L/yr

Insurance
Life Insurance Agent
0 - 9 years exp.
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₹1 L/yr - ₹5 L/yr

Banking / Insurance / Accounting
Life Insurance Agent
0 - 8 years exp.
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₹1 L/yr - ₹4 L/yr

IT Services & Consulting
Life Insurance Agent
0 - 6 years exp.
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₹0.2 L/yr - ₹3 L/yr

BPO
Life Insurance Agent
0 - 6 years exp.
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₹1.2 L/yr - ₹2.1 L/yr

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Frequently Asked Questions about Life Insurance Agent Salaries

What is the salary of a Life Insurance Agent in India?
Salary for a Life Insurance Agent in India ranges between ₹1.2 Lakhs to ₹3.0 Lakhs per year. Salary estimates are based on 12 latest salaries received from various Life Insurance Agents across industries.
What is the starting salary for a Life Insurance Agent in India?
Average starting Salary for Life Insurance Agent in India is around ₹1.2 Lakhs per year (₹10.0k per month). No prior experience is required to be a Life Insurance Agent.
What is the highest salary for a Life Insurance Agent in India?
Highest salary that a Life Insurance Agent can earn is ₹7.5 Lakhs per year (₹62.5k per month).
What are the top paying industries for Life Insurance Agent in India?
What are the top paying cities for Life Insurance Agent in India?
  • Ahmedabad - ₹1.9 Lakhs to 6.0 Lakhs per year
  • Jaipur - ₹2.5 Lakhs to 2.5 Lakhs per year
  • New Delhi - ₹2.0 Lakhs to 2.0 Lakhs per year
  • Bilaspur - ₹1.5 Lakhs to 1.5 Lakhs per year
  • Ghatal - ₹1.2 Lakhs to 1.2 Lakhs per year

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