Life Insurance Corporation of India Mumbai Administration Officer Salaries by 7 Employees

14 - 31 years exp.

₹17.4 Lakhs - ₹30.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

182% more than the average Administration Officer Salary in Insurance Companies for 14 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading Administration Officer Salary 14 - 23 years exp. (3 salaries)	₹16.8 L/yr - ₹18.6 L/yr
Customer Success, Service & Operations Administration Officer Salary 23 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹19.5 L/yr
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Administration & Facilities Administration Officer Salary 24 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹17.9 L/yr

Last Updated: 30 Apr 2023

Companies similar to Life Insurance Corporation of India for Administration Officer in Mumbai

Life Insurance Corporation of India Administration Officer Salary

14 - 31 years exp. (7 salaries)

₹17.4 L/yr - ₹30.1 L/yr

Company name	Avg Annual Salary	Open Jobs
The New India Assurance Co. Administration Officer Salary 3 - 8 years exp. (11 salaries)	₹6 L/yr - ₹16.1 L/yr 41% less
The Oriental Insurance Co. Administration Officer Salary 4 - 6 years exp. (4 salaries)	₹10.6 L/yr - ₹13 L/yr 40% less
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National Insurance Company Administration Officer Salary 5 - 8 years exp. (3 salaries)	₹6 L/yr - ₹8.7 L/yr 54% less
Podar International School Administration Officer Salary 5 - 15 years exp. (18 salaries)	₹4 L/yr - ₹6.5 L/yr 67% less
Export-Import Bank of India Administration Officer Salary 2 - 11 years exp. (15 salaries)	₹3.8 L/yr - ₹5.3 L/yr 74% less

Administration Officer salary at Life Insurance Corporation of India ranges between ₹17.4 Lakhs to ₹30.1 Lakhs per year for employees with experience between 14 years to 31 years. Salary estimates are based on 7 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Administration Officer salaries in Mumbai

Last Updated: 30 Apr 2023

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.5 L/yr
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15+ years (6 salaries)	₹7.4 L/yr - ₹32 L/yr

From

Administration Officer

9 - 31 years exp.

Administration Manager

25 - 32 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Life Insurance Corporation of India

Computer Operator Salary

(9 salaries)

₹1 L/yr - ₹4 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

+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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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 Officer Salary FAQs

What is the salary of Administration Officer at Life Insurance Corporation of India in Mumbai?

The average salary of a Administration Officer at Life Insurance Corporation of India in Mumbai typically ranges from ₹17.4 Lakhs to ₹30.1 Lakhs per year, depending on experience (from 14 years to 31 years).

The top 10% of Administration Officer in Mumbai at Life Insurance Corporation of India earn more than ₹36.4 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Administration Officer 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 7 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Administration Officer at Life Insurance Corporation of India in Mumbai typically ranges from ₹1,22,963 to ₹1,26,615 per month. This is based on the average salary range of ₹17.4 Lakhs to ₹30.1 Lakhs per year for employees with experience ranging from 14 years to 31 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 7 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 Officer in companies similar to Life Insurance Corporation of India in Mumbai?

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

The Oriental Insurance Co.	₹10.6 Lakhs to ₹13.0 Lakhs per year
The New India Assurance Co.	₹6.0 Lakhs to ₹16.1 Lakhs per year
National Insurance Company	₹6.0 Lakhs to ₹8.7 Lakhs per year
Podar International School	₹4.0 Lakhs to ₹6.5 Lakhs per year
Export-Import Bank of India	₹3.8 Lakhs to ₹5.3 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 Officer at Life Insurance Corporation of India in Mumbai?

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

Experience	Average Salary Range
14 years	₹16.1 Lakhs to ₹20.5 Lakhs per year
15 years	₹7.4 Lakhs to ₹32.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Administration Officer Salaries in Mumbai

Life Insurance Corporation of India Administration Officer salary in Mumbai ranges between ₹17.4 Lakhs to ₹30.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Administration Officer salaries in Mumbai

Companies similar to Life Insurance Corporation of India for Administration Officer in Mumbai

Latest annual salaries shared by Life Insurance Corporation of India Administration Officer in Mumbai

Experience wise Life Insurance Corporation of India Administration Officer salaries in Mumbai

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 Officer Salary FAQs

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