Life Insurance Corporation of India Agency Development Manager Salaries by 5 Employees (Updated 2024)

3 - 12 years exp.

₹2.6 Lakhs - ₹5.4 Lakhs

Low Confidence

Salary of majority employees

At par with the average Agency Development Manager Salary in Insurance Companies for 3 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agency Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
Sales & Business Development Agency Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Administration & Facilities Agency Development Manager Salary 12 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.9 L/yr
Food, Beverage & Hospitality Agency Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
Research & Development Agency Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 1 Mar 2024

Companies similar to Life Insurance Corporation of India for Agency Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Agency Development Manager Salary 1 - 15 years exp. (285 salaries)	₹2.5 L/yr - ₹6.5 L/yr 6% more
ICICI Prudential Life Insurance Agency Development Manager Salary 0 - 9 years exp. (39 salaries)	₹2.2 L/yr - ₹6.5 L/yr 15% less
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SBI Life Insurance Company Agency Development Manager Salary 1 - 9 years exp. (20 salaries)	₹2.4 L/yr - ₹4.4 L/yr 24% less
Max Life Insurance Agency Development Manager Salary 0 - 13 years exp. (1.1k salaries)	₹2 L/yr - ₹6.8 L/yr 7% more	18 job openings
Bajaj Allianz Life Insurance Agency Development Manager Salary 1 - 9 years exp. (7 salaries)	₹3.1 L/yr - ₹4.5 L/yr 5% less
Kotak Mahindara Life Insurance Agency Development Manager Salary 0 - 7 years exp. (16 salaries)	₹1.3 L/yr - ₹5.5 L/yr 22% less	3 job openings
Reliance Nippon Life Insurance Agency Development Manager Salary 0 - 7 years exp. (139 salaries)	₹1 L/yr - ₹5 L/yr 37% less
Tata AIA Life Insurance Agency Development Manager Salary 2 - 9 years exp. (5 salaries)	₹2.8 L/yr - ₹6.3 L/yr 5% less
PNB MetLife Agency Development Manager Salary 6 - 11 years exp. (5 salaries)	₹4.1 L/yr - ₹7.8 L/yr 33% more
Aditya Birla Sun Life Insurance Agency Development Manager Salary 1 - 10 years exp. (4 salaries)	₹2.6 L/yr - ₹3.8 L/yr 26% less
Star Health & Allied Insurance Agency Development Manager Salary 0 - 7 years exp. (149 salaries)	₹2 L/yr - ₹6 L/yr 25% less
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HDFC Ergo General Insurance Agency Development Manager Salary 0 - 8 years exp. (87 salaries)	₹2.1 L/yr - ₹4.5 L/yr 26% less	2 job openings
Care Health Insurance Agency Development Manager Salary 2 - 12 years exp. (10 salaries)	₹3 L/yr - ₹5.2 L/yr 10% less
ICICI Lombard General Insurance Company Agency Development Manager Salary 0 - 7 years exp. (8 salaries)	₹2.2 L/yr - ₹6 L/yr 3% more
Bajaj Allianz General Insurance Agency Development Manager Salary 5 - 8 years exp. (6 salaries)	₹3.7 L/yr - ₹4.6 L/yr 2% less
Aditya Birla Health Insurance Co Agency Development Manager Salary 4 - 7 years exp. (7 salaries)	₹3.1 L/yr - ₹4.8 L/yr 17% less
Shriram Life Insurance Agency Development Manager Salary 1 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 38% less	4 job openings
Cholamandalam MS General Insurance Agency Development Manager Salary 3 - 14 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 13% less

Agency Development Manager salary at Life Insurance Corporation of India ranges between ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Agency Development Manager salaries

Last Updated: 1 Mar 2024

Experience	Avg Annual Salary
3 years (4 salaries)	₹2.6 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
11 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹5.4 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Business Development Manager Salary

(16 salaries)

₹1.8 L/yr - ₹7 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹16 L/yr - ₹20.5 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Business Development Associate Salary

(3 salaries)

₹3 L/yr - ₹12 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Regional Manager Salary

(5 salaries)

₹12 L/yr - ₹34.94 L/yr

Assistant Sales Manager Salary

(5 salaries)

₹3.3 L/yr - ₹10.15 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Top skills at Life Insurance Corporation of India for Agency Development Manager

Life Insurance Advertising Business Development Recruitment Development Management Sales Outbound Sales Agency Sales Marketing agency development

Salary related reviews for Life Insurance Corporation of India

Senior Business Development Manager

5.0

• posted on 25 Jul 2018

3.0

for Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

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

Dislikes

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

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.

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

Development Officer in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 20 Feb 2023

3.0

for Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

Insurance Adviser in Suryapet

Full Time

Construction & Site Engineering Department

5.0

• posted on 24 Apr 2022

5.0

for Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

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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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Life Insurance Corporation of India Agency Development Manager Salary FAQs

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

Agency Development Manager salary at Life Insurance Corporation of India in India ranges between ₹2.6 Lakhs to ₹5.4 Lakhs for experience between 3 years to 12 years. According to our estimates it is 3% more than the average Agency Development Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Agency Development Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Agency Development Manager at Life Insurance Corporation of India is 3% more than the average salary of a Agency Development Manager in India. To know exact salary insights, login to view.

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

Life Insurance, Advertising, Business Development, Recruitment and Development Management are some of the popular skills required to work as a Agency Development Manager at Life Insurance Corporation of India India.

Which similar companies are paying more than Life Insurance Corporation of India to a Agency Development Manager in India?

PNB MetLife Agency Development Manager Salary - ₹4.1 Lakhs to ₹7.8 Lakhs per year
Max Life Insurance Agency Development Manager Salary - ₹2.0 Lakhs to ₹6.8 Lakhs per year
HDFC Life Agency Development Manager Salary - ₹2.5 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company Agency Development Manager Salary - ₹2.2 Lakhs to ₹6.0 Lakhs per year

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

Bajaj Allianz General Insurance Agency Development Manager Salary - ₹3.7 Lakhs to ₹4.6 Lakhs per year
Tata AIA Life Insurance Agency Development Manager Salary - ₹2.8 Lakhs to ₹6.3 Lakhs per year
Bajaj Allianz Life Insurance Agency Development Manager Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
Care Health Insurance Agency Development Manager Salary - ₹3.0 Lakhs to ₹5.2 Lakhs per year
Cholamandalam MS General Insurance Agency Development Manager Salary - ₹3.6 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Agency Development Manager at Life Insurance Corporation of India ranges between ₹32,569 per month to ₹33,845 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Agency Development Manager salary in India which ranges between ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Agency Development Manager at Life Insurance Corporation of India?

According to AmbitionBox, 50% of the Life Insurance Corporation of India Agency Development Managers 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 Agency Development Manager Salaries by Location

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Life Insurance Corporation of India Agency Development Manager Salaries

Life Insurance Corporation of India Agency Development Manager salary in India ranges between ₹2.6 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Agency Development Manager salaries in India

Companies similar to Life Insurance Corporation of India for Agency Development Manager

Latest annual salaries shared by Life Insurance Corporation of India Agency Development Manager

Experience wise Life Insurance Corporation of India Agency Development Manager salaries

Similar Designation salaries in Life Insurance Corporation of India

Top skills at Life Insurance Corporation of India for Agency Development Manager

Salary related reviews for Life Insurance Corporation of India

Senior Business Development Manager

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Life Insurance Corporation of India Agency Development Manager Salary FAQs

Tell us how to improve this page.

Life Insurance Corporation of India Agency Development Manager Salaries by Location