Life Insurance Corporation of India Administration Manager Salaries by 4 Employees

25 - 32 years exp.

₹18.9 Lakhs - ₹30 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

146% more than the average Administration Manager Salary in Insurance Companies for 25 - 32 years of experience

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Last Updated: 17 Aug 2024

Companies similar to Life Insurance Corporation of India for Administration Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Administration Manager Salary 1 - 8 years exp. (28 salaries)	₹2.2 L/yr - ₹4 L/yr 85% less
ICICI Lombard General Insurance Company Administration Manager Salary 4 - 15 years exp. (21 salaries)	₹4 L/yr - ₹9.4 L/yr 63% less	1 job opening
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Cholamandalam MS General Insurance Administration Manager Salary 8 - 19 years exp. (14 salaries)	₹4.8 L/yr - ₹9.5 L/yr 63% less
Axis Max Life Insurance Administration Manager Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7 L/yr 77% less
ICICI Prudential Life Insurance Administration Manager Salary 0 - 15 years exp. (7 salaries)	₹1.8 L/yr - ₹4 L/yr 85% less
Bajaj Allianz Life Insurance Administration Manager Salary 10 - 14 years exp. (7 salaries)	₹11.2 L/yr - ₹17.1 L/yr 19% less
HDFC Ergo General Insurance Administration Manager Salary 8 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹13.6 L/yr 61% less
Reliance Nippon Life Insurance Administration Manager Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹3 L/yr 90% less
Shriram Life Insurance Administration Manager Salary 0 - 14 years exp. (6 salaries)	₹2.2 L/yr - ₹6.4 L/yr 81% less
Bajaj Allianz General Insurance Administration Manager Salary 3 - 15 years exp. (6 salaries)	₹1.2 L/yr - ₹7.4 L/yr 80% less
SBI Life Insurance Company Administration Manager Salary 11 - 15 years exp. (6 salaries)	₹8.2 L/yr - ₹12.1 L/yr 54% less
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HDFC Life Administration Manager Salary 3 - 20 years exp. (6 salaries)	₹2 L/yr - ₹8.4 L/yr 78% less
Aditya Birla Sun Life Insurance Administration Manager Salary 2 - 14 years exp. (5 salaries)	₹3 L/yr - ₹13 L/yr 61% less
Star Health & Allied Insurance Administration Manager Salary 8 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹6 L/yr 76% less

Administration Manager salary at Life Insurance Corporation of India ranges between ₹18.9 Lakhs to ₹30 Lakhs per year for employees with experience between 25 years to 32 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Administration Manager salaries

Last Updated: 17 Aug 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹7.9 L/yr - ₹30 L/yr
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Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 4 employees for salary & benefits

Data Entry Operator in Patna

Data Science & Analytics Department

5.0

• posted on 28 Dec 2021

5.0

for Salary and Benefits

Likes

...agement 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

Salary - Excellent

+6 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

Administration Assistant in Ghatal

Kgp Department

5.0

• posted on 29 May 2021

5.0

for Salary and Benefits

Likes

...k life balance. Only disturbing thing is posting. You can't get transfer easily. Salary is much Impressive🤩. I just love my organization.

Salary - Excellent

+5 more

Dislikes

Nothing at all.

Computer Operator in Lucknow

Nb department Department

5.0

• posted on 11 Oct 2021

2.0

for Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

Job security - Excellent

+3 more

Dislikes

Salary - Poor
Skill development - Poor

+1 more

Advisor in Kulgam

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 19 Jul 2024

5.0

for Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

Salary - Excellent

+3 more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

Skill development - Poor

+2 more

Development Officer in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 21 Sep 2023

3.0

for Salary and Benefits

Likes

Job Performing Flexibility.

Job security - Excellent

+3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

Promotions - Poor

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Life Insurance Corporation of India Administration Manager Salary FAQs

What is the salary of Administration Manager at Life Insurance Corporation of India ?

The average salary of a Administration Manager at Life Insurance Corporation of India in India typically ranges from ₹18.9 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 25 years to 32 years).

The top 10% of Administration Manager at Life Insurance Corporation of India earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Administration Manager Salaries at Life Insurance Corporation of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Life Insurance Corporation of India employees in India.

What is the estimated take home salary of a Administration Manager at Life Insurance Corporation of India in India?

The estimated take-home salary of a Administration Manager at Life Insurance Corporation of India in India typically ranges from ₹1,29,981 to ₹1,34,566 per month. This is based on the average salary range of ₹18.9 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 25 years to 32 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Administration Manager in companies similar to Life Insurance Corporation of India in India?

The salary of a Administration Manager at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹11.2 Lakhs to ₹17.1 Lakhs per year
SBI Life Insurance Company	₹8.2 Lakhs to ₹12.1 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance	₹3.2 Lakhs to ₹13.6 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹9.4 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Administration Manager at Life Insurance Corporation of India in India?

The salary growth for a Administration Manager at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Administration Manager can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
15 years	₹7.9 Lakhs to ₹30.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Administration Manager Salaries

Life Insurance Corporation of India Administration Manager salary in India ranges between ₹18.9 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Administration Manager salaries in India

Companies similar to Life Insurance Corporation of India for Administration Manager

Latest annual salaries shared by Life Insurance Corporation of India Administration Manager

Experience wise Life Insurance Corporation of India Administration Manager salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Data Entry Operator in Patna

Administration Assistant in Ghatal

Computer Operator in Lucknow

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Life Insurance Corporation of India Administration Manager Salary FAQs

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