Life Insurance Agent
Annual salary range
₹0.6 Lakh - ₹5 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
Filter salaries byLife Insurance Agent Salary in Mumbai
based on 158
latest salaries
• updated:
26 Dec 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
(28
salaries)
|  ₹0.6 L/yr - ₹5 L/yr |
1
year
(41
salaries)
| ₹1 L/yr - ₹3.8 L/yr |
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| |
2
years
(37
salaries)
| ₹1.1 L/yr - ₹5 L/yr |
3
years
(20
salaries)
| ₹1.2 L/yr - ₹5 L/yr |
4
years
(15
salaries)
| ₹1 L/yr - ₹4.5 L/yr |
View all salaries by experience
Life Insurance Agent Salary in
Mumbai ranges between ₹0.6
Lakh to ₹5
Lakhs for
less than 1 year of experience to 9 years of experience
. Salary estimates are based on
158 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 |
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| |
Customer Success, Service & Operations
Life Insurance Agent Salary
1
year
exp.
(AmbitionBox Estimate)
| ₹1.9 L/yr - ₹2.4 L/yr |
Latest annual salaries shared by Life Insurance Agents
2d ago
Oman Shapoorji Llc
Life Insurance Agent
2 years exp.
1w ago
Life Insurance Corporation of India
Life Insurance Agent
3 years exp.
2w ago
Life Insurance Corporation of India
Life Insurance Agent
1 year exp.
2w ago
Aviva Life Insurance India
Life Insurance Agent
1 year exp.
1mo ago
Life Insurance Corporation of India
Life Insurance Agent
4 years exp.
1mo 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.
3mo ago
Bharti AXA Life Insurance
Life Insurance Agent
3 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 -
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 | |
Similar Designation Salaries for Life Insurance Agent
| Designations | Avg Annual Salary |
|---|---|
Life Insurance Advisor Salary
0 -
8
years
exp.
(324 salaries)
| ₹1 L/yr - ₹5.5 L/yr |
Insurance Executive Salary
1 -
7
years
exp.
(292 salaries)
| ₹1.1 L/yr - ₹4.5 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.
(12.9k salaries)
| ₹2.8 L/yr - ₹18 L/yr |
Agent Salary
0 -
4
years
exp.
(426 salaries)
| ₹0.8 L/yr - ₹3.6 L/yr |
View more similar designations
Salary related reviews by similar designations like Life Insurance Agent
Life 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
Life Insurance Corporation of India
LIC Agent in Durgapur
• posted on 23 Dec 2020
Likes
...nvironment.Teammates are supportive and management are friendly and transparent. Company policies are good, appraisals are good and they give bonus every year.
read moreLife Insurance Corporation of India
LIC Agent in Visakhapatnam
• posted on 13 Oct 2023
Likes
You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that
read moreDislikes
...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.
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
LIC Agent in Singrauli Waidhan
• posted on 02 Jul 2023
Likes
There is no time boundation for LIC agent.I can set my own income target.
Dislikes
Salary is not in monthly basis.
Life Insurance Agent Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Kolkata
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
New Delhi
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Login to view exact salary
| |
Hyderabad / Secunderabad
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Ahmedabad
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Chennai
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
View More
Life Insurance Agent Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Insurance
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Login to view exact salary
| |
Banking / Insurance / Accounting
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
Banking
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 L/yr |
IT Services & Consulting
Life Insurance Agent
0 -
9
years
exp.
| ₹0.6 L/yr - ₹5 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 ₹0.6 Lakh to ₹5.0 Lakhs per year. Salary estimates are based on 158 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 ₹0.6 Lakh per year (₹5.0k 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?
- 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
- Ahmedabad - ₹1.9 Lakhs to 6.0 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
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