Life Insurance Corporation of India Pune Agent Salaries by 8 Employees

2 - 10 years exp.

₹1 Lakh - ₹3.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Agent Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agent Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹1 L/yr - ₹2.7 L/yr
Marketing & Communication Agent Salary 7 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.9 L/yr
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Sales & Business Development Agent Salary 3 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.9 L/yr

Last Updated: 9 Jun 2023

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

Life Insurance Corporation of India Agent Salary

2 - 10 years exp. (8 salaries)

₹1 L/yr - ₹3.4 L/yr

Company name	Avg Annual Salary	Open Jobs
The Oriental Insurance Co. Agent Salary 7 - 9 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 30% more
Concentrix Corporation Agent Salary 0 - 6 years exp. (26 salaries)	₹1 L/yr - ₹4.5 L/yr 21% more
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Conneqt Business Solutions Agent Salary 0 - 3 years exp. (20 salaries)	₹1 L/yr - ₹4.5 L/yr 2% more
Tech Mahindra Agent Salary 0 - 5 years exp. (16 salaries)	₹1.5 L/yr - ₹4 L/yr 18% more
IGT Solutions Agent Salary 0 - 3 years exp. (11 salaries)	₹1.5 L/yr - ₹3 L/yr 8% more

Agent salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹3.4 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 8 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Agent salaries in Pune

Last Updated: 9 Jun 2023

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

View all

From

Agent

₹

Lakhs/yr

1 - 10 years exp.

Branch Manager

₹

Lakhs/yr

15 - 31 years exp.

Agent

1 - 10 years exp.

Development Officer

0 - 8 years exp.

230% hike

Assistant Branch Manager

9 - 19 years exp.

11% 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

LIC Agent Salary

(20 salaries)

₹0.6 L/yr - ₹5 L/yr

Development Officer Salary

(11 salaries)

₹4 L/yr - ₹10 L/yr

Office Assistant Salary

(3 salaries)

₹1 L/yr - ₹2 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

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 Agent Salary FAQs

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

The average salary of a Agent at Life Insurance Corporation of India in Pune typically ranges from ₹1.0 Lakhs to ₹3.4 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Agent in Pune at Life Insurance Corporation of India earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.4 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 8 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 Pune?

The estimated take-home salary of a Agent at Life Insurance Corporation of India in Pune typically ranges from ₹17,605 to ₹19,304 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.4 Lakhs per year for employees with experience ranging from 2 years 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 8 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 Pune?

To be a Agent at Life Insurance Corporation of India in Pune, 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?

The Oriental Insurance Co.	₹3.0 Lakhs to ₹5.4 Lakhs per year
Concentrix Corporation	₹1.0 Lakhs to ₹4.5 Lakhs per year
Tech Mahindra	₹1.5 Lakhs to ₹4.0 Lakhs per year
IGT Solutions	₹1.5 Lakhs to ₹3.0 Lakhs per year
Conneqt Business Solutions	₹1.0 Lakhs to ₹4.5 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.

How the salary growth look like for a Agent at Life Insurance Corporation of India in Pune?

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

Experience	Average Salary Range
2 years	₹1.0 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
5 years	₹2.2 Lakhs to ₹2.9 Lakhs per year

and so on.

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Life Insurance Corporation of India Agent Salaries in Pune

Life Insurance Corporation of India Agent salary in Pune ranges between ₹1 Lakh to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.