Lic Gic Development Officer Salaries by 6 Employees (Updated 2024)

1 - 5 years exp.

₹2.5 Lakhs - ₹6.6 Lakhs

Salary of majority employees

23% less than the average Development Officer Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Development Officer Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.6 L/yr
Marketing & Communication Development Officer Salary 5 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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Sales & Business Development Development Officer Salary 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 5 Jun 2023

Companies similar to Lic Gic for Development Officer

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Development Officer Salary 0 - 10 years exp. (226 salaries)	₹3.5 L/yr - ₹12.3 L/yr 75% more
HDFC Life Development Officer Salary 2 - 3 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 19% less
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Bajaj Allianz Life Insurance Development Officer Salary 2 - 7 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr 43% less
Reliance Nippon Life Insurance Development Officer Salary 0 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹3.6 L/yr 49% less
Kotak Mahindara Life Insurance Development Officer Salary 0 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 45% less
Star Health & Allied Insurance Development Officer Salary 4 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹4 L/yr 33% less
Canara HSBC Life Insurance Development Officer Salary 0 - 15 years exp. (3 salaries)	₹0.7 L/yr - ₹3 L/yr 69% less

Development Officer salary at Lic Gic ranges between ₹2.5 Lakhs to ₹6.6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Lic Gic.

Experience wise Lic Gic Development Officer salaries

Last Updated: 5 Jun 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹9.1 L/yr
2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
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3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.4 L/yr
5 years (3 salaries)	₹2.5 L/yr - ₹6.6 L/yr

Similar Designation salaries in Lic Gic

Sales Officer Salary

(4 salaries)

₹2.2 L/yr - ₹3.6 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹9.2 L/yr - ₹11.7 L/yr

Salary related reviews for Lic Gic

4.0

Rated by 1 employees for salary & benefits

Assistant Branch Manager in Gadag, Hubli, Bangalore

Sales & Marketing Department

5.0

• posted on 28 Nov 2020

4.0

for Salary and Benefits

Likes

Excellent work culture and supportive teamwork. There is huge opportunity to show the results and good appraisal which earned handsome monetary benefits. Learned that work is worship. Hard work & Smart work yeilds huge profits.

Dislikes

None as particular

Higher Grade Assistant -Supervisor in Hyderabad / Secunderabad

Policy Servicing Department

5.0

• posted on 17 Dec 2020

5.0

for Salary and Benefits

Likes

LIC & GIC are different organizations. LIC's business is Life Insurance and GICs business is Genral Insurance. Ofcourse both are good. Jobs in both are well secured. Work culture is good and co-operative. Management at all levels is suggestive and work oriented in friendly atmosphere. Policies are formulated for the welfare and beneficial to the esteemed policy holders. It's a boon to be associated With the gigantic Organization to work wholeheartedly.

Dislikes

No question of disliking, all are working happily.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Lic Gic Development Officer Salary FAQs

What is the salary of Development Officer at Lic Gic?

Development Officer salary at Lic Gic in India ranges between ₹2.5 Lakhs to ₹6.6 Lakhs for experience between 1 years to 5 years. According to our estimates it is 23% less than the average Development Officer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Lic Gic India.

How does the salary of a Development Officer at Lic Gic India compare with the average salary range for this job?

The average salary of a Development Officer at Lic Gic is 23% less than the average salary of a Development Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Lic Gic to a Development Officer in India?

Life Insurance Corporation of India Development Officer Salary - ₹3.5 Lakhs to ₹12.3 Lakhs per year

What is the salary of a Development Officer in companies similar to Lic Gic in India?

HDFC Life Development Officer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance Development Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
Bajaj Allianz Life Insurance Development Officer Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindara Life Insurance Development Officer Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
Reliance Nippon Life Insurance Development Officer Salary - ₹1.8 Lakhs to ₹3.6 Lakhs per year

What is the estimated take home salary of a Development Officer at Lic Gic in India?

The estimated take-home salary of a Development Officer at Lic Gic ranges between ₹35,849 per month to ₹37,076 per month in India. The take-home salary calculation is based on the average Lic Gic Development Officer salary in India which ranges between ₹2.5 Lakhs to ₹6.6 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Development Officer at Lic Gic?

According to AmbitionBox, 100% of the Lic Gic Development Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Lic Gic Development Officer Salaries

Lic Gic Development Officer salary in India ranges between ₹2.5 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Lic Gic latest salaries received from various employees of Lic Gic.