Life Insurance Corporation of India Chennai Administration Manager Salaries by 2 Employees

31 - 32 years exp.

₹17.9 Lakhs - ₹22.9 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 26 Apr 2024

Companies similar to Life Insurance Corporation of India for Administration Manager in Chennai

Life Insurance Corporation of India Administration Manager Salary

31 - 32 years exp. (AmbitionBox Estimate)

₹17.9 L/yr - ₹22.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Administration Manager Salary 8 - 19 years exp. (10 salaries)	₹5.1 L/yr - ₹9.5 L/yr 61% less
Kotak Mahindara Life Insurance Administration Manager Salary 2 - 8 years exp. (6 salaries)	₹2.5 L/yr - ₹3.2 L/yr 86% less
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Royal Cyber Administration Manager Salary 13 - 16 years exp. (7 salaries)	₹12 L/yr - ₹16 L/yr 30% less
TCS Administration Manager Salary 6 - 22 years exp. (7 salaries)	₹4.1 L/yr - ₹16 L/yr 52% less
Khazana Jewellery Administration Manager Salary 7 - 13 years exp. (5 salaries)	₹3.6 L/yr - ₹4.7 L/yr 79% less

Administration Manager salary at Life Insurance Corporation of India ranges between ₹17.9 Lakhs to ₹22.9 Lakhs per year for employees with experience between 31 years to 32 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

Administration Executive Salary

(3 salaries)

₹1.05 L/yr - ₹5.63 L/yr

Salary related reviews for Life Insurance Corporation of India

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

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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.

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

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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

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Skill development - Poor

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Advisor in Kulgam

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5.0

• posted on 19 Jul 2024

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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

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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

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...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

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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

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

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

Experience	Average Salary Range
15 years	₹17.9 Lakhs to ₹22.9 Lakhs per year

and so on.

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Life Insurance Corporation of India Administration Manager Salaries in Chennai

Life Insurance Corporation of India Administration Manager salary in Chennai ranges between ₹17.9 Lakhs to ₹22.9 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.