Life Insurance Corporation of India Mumbai Advisor Salaries by 10 Employees (Updated 2025)

1 - 10 years exp.

₹1.2 Lakh - ₹6 Lakhs

Salary of majority employees

12% less than the average Advisor Salary in Insurance Companies for 1 - 10 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Advisor Salary 2 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.2 L/yr
Login to view exact salary
BFSI, Investments & Trading Advisor Salary 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹6 L/yr

Last Updated: 22 Jun 2024

Companies similar to Life Insurance Corporation of India for Advisor in Mumbai

Life Insurance Corporation of India Advisor Salary

1 - 10 years exp. (10 salaries)

₹1.2 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Advisor Salary 1 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 16% less
SBI Life Insurance Company Advisor Salary 2 - 7 years exp. (3 salaries)	₹2 L/yr - ₹4 L/yr 14% less
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Max Life Insurance Advisor Salary 1 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹4.5 L/yr 20% less
Gallagher Advisor Salary 0 - 7 years exp. (31 salaries)	₹3.5 L/yr - ₹7 L/yr 23% more
ICICI Lombard General Insurance Company Advisor Salary 0 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.8 L/yr 35% less

Advisor salary at Life Insurance Corporation of India ranges between ₹1.2 Lakh to ₹6 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 10 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Advisor salaries in Mumbai

Last Updated: 22 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹5.4 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.6 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.7 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
10 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.5 L/yr

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From

Advisor

₹

Lakhs/yr

1 - 17 years exp.

Branch Manager

₹

Lakhs/yr

3 - 31 years exp.

Advisor 1 - 17 years exp.

Development Officer 0 - 10 years exp.

137% hike

Assistant Branch Manager 9 - 19 years exp.

16% hike

Similar Designation salaries in Life Insurance Corporation of India

Agent Salary

(13 salaries)

₹0.8 L/yr - ₹5 L/yr

Team Lead Salary

(4 salaries)

₹1.4 L/yr - ₹2.86 L/yr

Top skills at Life Insurance Corporation of India for Advisor

Market Development Field Marketing Travel Agency

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 1 employees for salary & benefits

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

Advisor (working remotely)

Freelancer

Other Department

5.0

• posted on 25 Jun 2023

4.0

for Salary and Benefits

Likes

important your Knowledge sharing & good communications. Good , constructive work culture in lic of india. I have enjoyed to do my job at lic of india. And Good environment for work . Every employee has cooperative in nature they were very helpful.

Salary - Good

+6 more

Dislikes

No dislike working at lic jobs. I am a enjoy this job. I am good experience . But most important points insurance advisor no salary commission based job. I like lic.

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.

Agent in New Delhi

Other Department

4.0

• posted on 30 May 2022

2.0

for Salary and Benefits

Likes

Unertaion income because very hard comptision sale insurance no any traning give by lic deparatment it mean leck of knoledge

Work-life balance - Good

Dislikes

Reguler income must but if you done lic than you have any bonus or income othersvise no money

Salary - Poor

+3 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Life Insurance Corporation of India Advisor Salary FAQs

What is the salary of Advisor at Life Insurance Corporation of India Mumbai?

Advisor salary at Life Insurance Corporation of India in Mumbai ranges between ₹1.2 Lakhs to ₹6.0 Lakhs for experience between 1 years to 10 years. According to our estimates it is 12% less than the average Advisor Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Life Insurance Corporation of India Mumbai.

How does the salary of a Advisor at Life Insurance Corporation of India Mumbai compare with the average salary range for this job?

The average salary of a Advisor at Life Insurance Corporation of India is 12% less than the average salary of a Advisor in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Advisor at Life Insurance Corporation of India?

Market Development, Field Marketing and Travel Agency are some of the popular skills required to work as a Advisor at Life Insurance Corporation of India Mumbai.

Which similar companies are paying more than Life Insurance Corporation of India to a Advisor in Mumbai?

Gallagher Advisor Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Advisor in companies similar to Life Insurance Corporation of India in Mumbai?

SBI Life Insurance Company Advisor Salary - ₹2.0 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance Advisor Salary - ₹2.5 Lakhs to ₹3.6 Lakhs per year
Max Life Insurance Advisor Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company Advisor Salary - ₹1.8 Lakhs to ₹2.8 Lakhs per year

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

The estimated take-home salary of a Advisor at Life Insurance Corporation of India ranges between ₹27,513 per month to ₹28,914 per month in Mumbai. The take-home salary calculation is based on the average Life Insurance Corporation of India Advisor salary in India which ranges between ₹1.2 Lakhs to ₹6.0 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Advisor at Life Insurance Corporation of India in Mumbai?

According to AmbitionBox, 50% of the Life Insurance Corporation of India Advisors in Mumbai reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Advisor Salaries in Mumbai

Life Insurance Corporation of India Advisor salary in Mumbai ranges between ₹1.2 Lakh to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.