Life Insurance Corporation of India Development Officer Mumbai Reviews

Likes

Job security and good salary govt job.

Dislikes

No

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Likes

Nothing, nothing , nothing, nothing, nothing.

Dislikes

Everything, everything, everything, everything, Everything

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This is a desk job.

Likes

Great brand, good products

Dislikes

No job security for the development officer post, you can get terminated (even if you are near retirement age), outdated training, lack of support for new joiners for this post that's why less than 10% joiners get confirmed. I was terminated after working for 7 years in lic even though there was relaxation which stated "no termination" for appraisal during covid years, increment is tied to target, you can get decrement as well For such a big organization there is no alternate post where low performing development officer can be transferred to, while low performers in other posts have option to transfer with little to no punishment for low performance, only development officer is responsible for target and the punishment is termination...Read More

Work Details

Work days: Monday to Friday (Flexible Timings)

Work related travel: This is a desk job.

Likes

1. I was a probationary development officer in LIC for 1 year 3 months. Management is the most terrible one in LIC corporation. Since it's a Central government institution but works like private company. We are getting into job after 2 c'mon eligibility exams and interview. They will make you blind by exaggerating the profile of joband the perks you can avail. After the joining then they will show their true colour. They will call for review meeting. Since we are in marketing. They will analyse your monthly performance. The team consisting of SDM, ( senior division manager) MM ( marketing manager ) MS ( marketing sales) will screw you. Then at the branch level SBM ( senior branch manager) or CM( cheif manager) got the steering of firing. Somehow ABMS( assistant branch managers ) they are the main targets of senior management. They will fire them in the name of probationary officers like us. Working : Since development officers are class 2 employees ( only Development employees ) are there in that class. Development officer didn't have any job guarantee since its target based job. We need to give them 5-6 times what we earn in a year. Eg. If we earn 5 lakhs per year. Target of that development officer will be 5*5 = 25 laksh or 5*6 = 30 lakhs ( depending on rural and urban area respectively). So our job is to give LIC agency to new people and make them work so that our target could be completed per year. roughly we need to recurit 30 - 40 agents. So that they can get you that taget. Ie, 25 or 30 lakhs. If you have 20 agents out of that 4 person can get huge policy like jeevan shiromani - yearly 8 lakhs premium so you can get 32 lakhs premium. Normal case it won't work since you are a fresher. They people from agent category will work well since the Development officer is the main agent. So they know how to work and they have already got huge networking. So if can achieve that taget then you can proceed otherwise you have to invest a huge amount....Read More

Dislikes

1. Top management. Some of them are coming from administration. So Don't know the practical problems or field experience. They will continue to blame development officer without knowing what's happy on ground. 2. Development officer are seperate class where normal rules and regulations won't imply on them. They can fire us whenever they want. Ironically they have terminated a probationary officer since she/he didn't completed the target while central government has directed not to terminate any employee in the corona pandemic. 3. They will hold our salary without any reason if we try to stick on to that job. They even hold back the arrears to probationary officers. Iconically it's is owned by government. 4. They will came to development officers home if they didn't completed the target and be a headache to them also....Read More

Work Details

Work life was good. We will know large no of people from locals , politicians, various government employees. Business people. We get good salary. Still we have expenses from 30-40 percentage while working ( to company, personal exp

Work timings: Flexible Timings

Likes

Best Insurance Company in the World for both employees as well as customers.

Dislikes

LIC OF INDIA is a backbone of Indian Economy. LIC OF INDIA contributes it's 5% surplus share every year to GOI. Hence, as it is working for Mother India; would there be any chances of disliking such a mighty organisation?? Yes it's true, working here is like working with God or in heaven. Very best work place to work & explore.

Work Details

Very best work place to work & explore.

Work days: Alternate Saturday off (Flexible Timings)

Employee Benefits

Mental Satisfaction & Best Work Life Balance.

Likes

It's a challenging job .we have to meet different types of peoples in different segment .I learned how to tackle different situations at every steps.

Dislikes

I have enjoyed my 38 years of life journey. Nothing is dislike for me.

Work Details

Excellent

Work timings: Flexible Timings

Work related travel: This job involves Travel Within City.

Employee Benefits

Marketing new products

Likes

A good faith company.

Dislikes

No job security.

Work Details

Challenging.

Work timings: Flexible Timings

Work related travel: This job involves Travel Within City.