Life Insurance Agent
Annual salary range
₹1.6 Lakh - ₹3.5 Lakhs
Low Confidence 
Low Confidence means the data is based on a small number of latest salaries.
Filter salaries byLife Insurance Agent Salary in Mumbai
based on 10
latest salaries
• updated:
27 Feb 2024
Select an experience to get the exact salary
Salary of majority employees
Experience wise Life Insurance Agent salaries
| Years of experience | Avg. Annual Salary |
|---|---|
Fresher
(1
salaries)
|  ₹1.6 L/yr - ₹1.6 L/yr |
1
year
(2
salaries)
| ₹2.1 L/yr - ₹3.3 L/yr |
Login to view exact salary
| |
2
years
(3
salaries)
| ₹1.7 L/yr - ₹2.2 L/yr |
3
years
(2
salaries)
| ₹2.9 L/yr - ₹3 L/yr |
4
years
(1
salaries)
| ₹3.5 L/yr - ₹3.5 L/yr |
View all salaries by experience
Life Insurance Agent Salary in
Mumbai ranges between ₹1.6
Lakh to ₹3.5
Lakhs for
less than 1 year of experience to 6 years of experience
. Salary estimates are based on
10 latest salaries received
from Life Insurance Agent.
See latest salaries
Life Insurance Agent salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Life Insurance Agent Salary
2 - 3
years
exp.
(AmbitionBox Estimate)
| ₹1.5 L/yr - ₹3.5 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Life Insurance Agent Salary
1
year
exp.
(AmbitionBox Estimate)
| ₹1.9 L/yr - ₹2.4 L/yr |
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Top paying companies
Popular companies
Jobs
available
Similar designations
Salary related reviews
Top interview questions
Latest annual salaries shared by Life Insurance Agents
2w ago
Life Insurance Corporation of India
Life Insurance Agent
4 years exp.
4w ago
Future Generali India Life Insurance
Life Insurance Agent
1 year exp.
1mo ago
Pace Setters Business Solutions
Life Insurance Agent
4 months exp.
2mo ago
Shriram Life Insurance
Life Insurance Agent
4 years exp.
2mo ago
IndiaFirst Life Insurance
Life Insurance Agent
2 years exp.
2mo ago
Bharti AXA Life Insurance
Life Insurance Agent
3 years exp.
2mo ago
Life Insurance Corporation of India
Life Insurance Agent
2 years exp.
2mo ago
Tata AIA Life Insurance
Life Insurance Agent
5 years exp.
3mo ago
HDFC Life
Life Insurance Agent
3 years exp.
3mo ago
Life Insurance Corporation of India
Life Insurance Agent
2 years exp.
View all latest salaries
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
5 -
14
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3 L/yr - ₹3.6 L/yr | 1 job opening |
1 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.7 L/yr - ₹2.2 L/yr | |
Login to view exact salary
| ||
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹2.9 L/yr | |
24 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹0.1 L/yr - ₹0.1 L/yr | |
3 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
4 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.2 L/yr - ₹4 L/yr | |
1 yr
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.9 L/yr - ₹3.7 L/yr | |
Fresher
.
Mumbai
(AmbitionBox Estimate)
|
₹1.4 L/yr - ₹1.8 L/yr | |
Login to view exact salary
| ||
18 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹0.2 L/yr - ₹0.2 L/yr | |
Life Insurance Agent Jobs in Mumbai
Life Insurance Agent
· 3-8 years
Life Insurance Corporation (LIC)
₹6
L/yr
- ₹6.6
L/yr
Rourkela
Similar Designation Salaries for Life Insurance Agent
| Designations | Avg Annual Salary |
|---|---|
Life Insurance Advisor Salary
0 -
6
years
exp.
(18 salaries)
| ₹0.2 L/yr - ₹4.1 L/yr |
Insurance Executive Salary
1 -
7
years
exp.
(2.8k salaries)
| ₹1 L/yr - ₹4.3 L/yr |
Login to view exact salary
| |
LIC Agent Salary
0 -
10
years
exp.
(34 salaries)
| ₹0.5 L/yr - ₹5 L/yr |
Sales Manager Salary
2 -
15
years
exp.
(1.3L salaries)
| ₹2.2 L/yr - ₹16 L/yr |
Agent Salary
0 -
4
years
exp.
(426 salaries)
| ₹0.8 L/yr - ₹3.7 L/yr |
View more similar designations
Salary related reviews by similar designations like Life Insurance Agent
Life Insurance Corporation of India
LIC Agent in Patna
• posted on 24 May 2018
Likes
The company is open to innovation and readily adopts latest technology
Dislikes
Compensation is decent, but growth is slow
Life Insurance Corporation of India
LIC Agent in Warora
• posted on 09 May 2021
Likes
...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
read moreDislikes
There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.
read moreLife Insurance Corporation of India
LIC Agent in Hamirpur
• posted on 23 Feb 2021
Likes
...upportive teammates. There is a huge cafe. And also gaming arcade for chilling. Company policies are good, appraisals are fàir and they give good salary hike and bonus every year.
read moreDislikes
Only slow career growth and no pension for agents.
Life Insurance Corporation of India
Agent in Haryana Kaithal
• posted on 14 Aug 2023
Likes
Very confident
Dislikes
I like this .But most important points insurance advisor no salary commission based job
read moreLife Insurance Corporation of India
LIC Agent
• posted on 30 Oct 2018
Likes
Good commission and bonus and received on time
Dislikes
Do commission is also very high so please reduce it and this benefit is given to policy holder
Top skills for Life Insurance Agent
Life Insurance Agent Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Kolkata
Life Insurance Agent
0 -
7
years
exp.
| ₹1 L/yr - ₹5 L/yr |
New Delhi
Life Insurance Agent
0 -
7
years
exp.
| ₹1.2 L/yr - ₹4 L/yr |
Login to view exact salary
| |
Chennai
Life Insurance Agent
0 -
4
years
exp.
| ₹0.1 L/yr - ₹3.5 L/yr |
Hyderabad / Secunderabad
Life Insurance Agent
0 -
1
year
exp.
| ₹1.5 L/yr - ₹3.8 L/yr |
Jaipur
Life Insurance Agent
0 -
5
years
exp.
| ₹2 L/yr - ₹6.5 L/yr |
View More
Life Insurance Agent Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Life Insurance Agent
0 -
9
years
exp.
| ₹1 L/yr - ₹5 L/yr |
Insurance
Life Insurance Agent
0 -
9
years
exp.
| ₹1 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Banking / Insurance / Accounting
Life Insurance Agent
0 -
8
years
exp.
| ₹1 L/yr - ₹4 L/yr |
Banking
Life Insurance Agent
0 -
4
years
exp.
| ₹1.2 L/yr - ₹3 L/yr |
IT Services & Consulting
Life Insurance Agent
0 -
6
years
exp.
| ₹0.2 L/yr - ₹3 L/yr |
View More
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 ₹1.6 Lakhs to ₹3.5 Lakhs per year. Salary estimates are based on 10 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 ₹1.6 Lakhs per year (₹13.3k 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?
- Insurance - ₹3.0 Lakhs to 3.6 Lakhs per year
- Financial Services - ₹2.2 Lakhs to 2.9 Lakhs per year
- NBFC - ₹2.0 Lakhs to 2.0 Lakhs per year
- BPO - ₹1.7 Lakhs to 2.1 Lakhs per year
- Hospitality - ₹0.2 Lakhs to 0.2 Lakhs per year
What are the top paying cities for Life Insurance Agent in India?
- Hyderabad / Secunderabad - ₹1.5 Lakhs to 12.0 Lakhs per year
- Chennai - ₹0.1 Lakhs to 3.5 Lakhs per year
- Kolkata - ₹0.2 Lakhs to 6.0 Lakhs per year
- New Delhi - ₹0.2 Lakhs to 4.2 Lakhs per year
- Mumbai - ₹0.1 Lakhs to 3.6 Lakhs per year
What are the popular/top skills required to become a Life Insurance Agent?
These are the top skills of a Life Insurance Agent based on 1 job posted by employers.
- Business Development
- Field Sales
- Insurance Sales
- Sales
- Insurance
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