Life Insurance Corporation of India Chennai Agent Salaries by 6 Employees

1 - 10 years exp.

₹1.1 Lakh - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Agent Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agent Salary 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr
Customer Success, Service & Operations Agent Salary 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.9 L/yr
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Marketing & Communication Agent Salary 6 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹5 L/yr

Last Updated: 10 Sep 2024

Companies similar to Life Insurance Corporation of India for Agent in Chennai

Life Insurance Corporation of India Agent Salary

1 - 10 years exp. (6 salaries)

₹1.1 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Teleperformance Agent Salary 0 - 5 years exp. (28 salaries)	₹1.2 L/yr - ₹3 L/yr 1% more	1 job opening
Sutherland Global Services Agent Salary 0 - 5 years exp. (13 salaries)	₹1.9 L/yr - ₹3.6 L/yr 3% more
Login to view exact salary
ARMSOFTECH.AIR Agent Salary 0 - 4 years exp. (8 salaries)	₹1.7 L/yr - ₹3.3 L/yr 24% less
iSON Xperiences Agent Salary 0 - 2 years exp. (6 salaries)	₹1.5 L/yr - ₹2.8 L/yr 18% less
EOSGlobe Agent Salary 0 - 2 years exp. (5 salaries)	₹1 L/yr - ₹2.5 L/yr 33% less

Agent salary at Life Insurance Corporation of India ranges between ₹1.1 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Agent salaries in Chennai

Last Updated: 10 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
10 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

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From

Agent

₹

Lakhs/yr

1 - 10 years exp.

Branch Manager

₹

Lakhs/yr

15 - 31 years exp.

Agent

1 - 10 years exp.

Development Officer

0 - 10 years exp.

230% hike

Assistant Branch Manager

9 - 19 years exp.

9% hike

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

Development Officer Salary

(27 salaries)

₹4 L/yr - ₹12 L/yr

Financial Advisor Salary

(3 salaries)

₹2.4 L/yr - ₹3.6 L/yr

Office Assistant Salary

(3 salaries)

₹1.2 L/yr - ₹2.5 L/yr

Top skills at Life Insurance Corporation of India for Agent

Sales Insurance Marketing Trade Finance Finance Life Insurance Selling Skills Telesales Communication Skills Planning Skills Tax Planning Presentation Skills Business Development broker Finance Function

Salary related reviews for Life Insurance Corporation of India

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

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.

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

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

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Life Insurance Corporation of India Agent Salary FAQs

What is the salary of Agent at Life Insurance Corporation of India in Chennai?

The average salary of a Agent at Life Insurance Corporation of India in Chennai typically ranges from ₹1.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Agent in Chennai at Life Insurance Corporation of India earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Agent 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 6 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Agent at Life Insurance Corporation of India in Chennai typically ranges from ₹18,052 to ₹19,745 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 10 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 6 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 Agent at Life Insurance Corporation of India in Chennai?

To be a Agent at Life Insurance Corporation of India in Chennai, the key skills required include:

- Sales
- Insurance
- Marketing
- Trade Finance
- Finance

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 Agent in India?

Sutherland Global Services	₹1.9 Lakhs to ₹3.6 Lakhs per year
Teleperformance	₹1.2 Lakhs to ₹3.0 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 Agent in companies similar to Life Insurance Corporation of India in Chennai?

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

iSON Xperiences	₹1.5 Lakhs to ₹2.8 Lakhs per year
ARMSOFTECH.AIR	₹1.7 Lakhs to ₹3.3 Lakhs per year
EOSGlobe	₹1.0 Lakhs to ₹2.5 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 Agent at Life Insurance Corporation of India in Chennai?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹2.6 Lakhs per year
2 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

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Life Insurance Corporation of India Agent Salaries in Chennai

Life Insurance Corporation of India Agent salary in Chennai ranges between ₹1.1 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.