Life Insurance Corporation of India Agency Manager Salaries by 9 Employees

0 - 8 years exp.

₹1.8 Lakh - ₹4 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Agency Manager Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

Sales & Business Development Agency Manager Salary 1 - 4 years exp. (3 salaries)	₹2 L/yr - ₹4 L/yr
Customer Success, Service & Operations Agency Manager Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.8 L/yr
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Marketing & Communication Agency Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr

Last Updated: 25 Sep 2024

Companies similar to Life Insurance Corporation of India for Agency Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Agency Manager Salary 0 - 8 years exp. (330 salaries)	₹2.3 L/yr - ₹4 L/yr 8% more
SBI Life Insurance Company Agency Manager Salary 1 - 13 years exp. (239 salaries)	₹2.8 L/yr - ₹5 L/yr 30% more	1 job opening
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Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 6 years exp. (178 salaries)	₹1.8 L/yr - ₹4 L/yr 14% less
HDFC Ergo General Insurance Agency Manager Salary 0 - 9 years exp. (186 salaries)	₹2 L/yr - ₹5.5 L/yr 29% more
Axis Max Life Insurance Agency Manager Salary 2 - 12 years exp. (161 salaries)	₹2.2 L/yr - ₹6.5 L/yr 41% more
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (157 salaries)	₹2.2 L/yr - ₹5.3 L/yr 33% more
HDFC Life Agency Manager Salary 0 - 7 years exp. (84 salaries)	₹1.8 L/yr - ₹7 L/yr 26% more	1 job opening
Cholamandalam MS General Insurance Agency Manager Salary 0 - 5 years exp. (59 salaries)	₹2.5 L/yr - ₹4.6 L/yr 21% more
Star Health & Allied Insurance Agency Manager Salary 0 - 10 years exp. (35 salaries)	₹2.4 L/yr - ₹4.8 L/yr 15% more
Reliance Nippon Life Insurance Agency Manager Salary 0 - 5 years exp. (33 salaries)	₹1.8 L/yr - ₹4 L/yr 4% less
Kotak Mahindara Life Insurance Agency Manager Salary 0 - 15 years exp. (26 salaries)	₹2 L/yr - ₹7.6 L/yr 3% more
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Bajaj Allianz General Insurance Agency Manager Salary 3 - 13 years exp. (17 salaries)	₹3.5 L/yr - ₹6.5 L/yr 56% more
ICICI Lombard General Insurance Company Agency Manager Salary 0 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹6 L/yr 35% more
Bajaj Allianz Life Insurance Agency Manager Salary 0 - 11 years exp. (8 salaries)	₹2.5 L/yr - ₹7 L/yr 32% more
Shriram Life Insurance Agency Manager Salary 7 - 13 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 27% more
Tata AIA Life Insurance Agency Manager Salary 5 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹5.1 L/yr 63% more
The Oriental Insurance Co. Agency Manager Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹7.1 L/yr 127% more
Aditya Birla Insurance Brokers Agency Manager Salary 2 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹2.4 L/yr 21% less

Agency Manager salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 9 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Agency Manager salaries

Last Updated: 25 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹5.5 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹5.5 L/yr
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2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.8 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.6 L/yr
8 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Branch Manager Salary

(15 salaries)

₹9.65 L/yr - ₹31 L/yr

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 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

Sales Manager Salary

(12 salaries)

₹3.6 L/yr - ₹6.5 L/yr

Business Manager Salary

(5 salaries)

₹1 L/yr - ₹5.75 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.8 L/yr

Territory Manager Salary

(6 salaries)

₹4 L/yr - ₹11.5 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Top skills at Life Insurance Corporation of India for Agency Manager

Target Achievement Communication Skills Sales Marketing Convincing Power Finance Revenue Generation Life Insurance Business Development Financial Sector Leadership Skills Recruitment Management Agency Management Recruitment New Client Acquisition

Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 1 employees for salary & benefits

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

Skill development - Excellent

+5 more

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

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

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.

Skill development - Poor

+5 more

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.

Salary - Excellent

+6 more

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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Life Insurance Corporation of India Agency Manager Salary FAQs

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

The average salary of a Agency Manager at Life Insurance Corporation of India in India typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Agency Manager at Life Insurance Corporation of India earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Agency 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 9 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Agency Manager at Life Insurance Corporation of India in India typically ranges from ₹21,468 to ₹23,109 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 9 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 are the key skills required to be a Agency Manager at Life Insurance Corporation of India ?

To be a Agency Manager at Life Insurance Corporation of India in india, the key skills required include:

- Target Achievement
- Communication Skills
- Sales
- Marketing
- Convincing Power

These skills are highly valued at Life Insurance Corporation of India and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Life Insurance Corporation of India for Agency Manager in India?

The Oriental Insurance Co.	₹1.9 Lakhs to ₹7.1 Lakhs per year
Tata AIA Life Insurance	₹4.8 Lakhs to ₹5.1 Lakhs per year
Bajaj Allianz General Insurance	₹3.5 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.4 Lakhs to ₹6.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.

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

The salary of a Agency 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:

ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹5.3 Lakhs per year
Bajaj Allianz Life Insurance	₹2.5 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company	₹2.8 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance	₹2.0 Lakhs to ₹5.5 Lakhs per year
Shriram Life Insurance	₹2.4 Lakhs to ₹5.0 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 Agency Manager at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹5.5 Lakhs per year
1 year	₹2.0 Lakhs to ₹5.5 Lakhs per year
2 years	₹1.2 Lakhs to ₹3.8 Lakhs per year
3 years	₹3.0 Lakhs to ₹5.4 Lakhs per year

and so on.

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Life Insurance Corporation of India Agency Manager Salaries

Life Insurance Corporation of India Agency Manager salary in India ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.