Life Insurance Corporation of India Area Manager Salaries by 4 Employees (Updated 2025)

10 - 15 years exp.

₹7.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

10% less than the average Area Manager Salary in Insurance Companies for 10 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 10 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr
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Sales & Business Development Area Manager Salary 12 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 23 May 2024

Companies similar to Life Insurance Corporation of India for Area Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Area Manager Salary 4 - 14 years exp. (26 salaries)	₹3.2 L/yr - ₹12.6 L/yr 15% less
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (348 salaries)	₹5.8 L/yr - ₹13.1 L/yr 13% more	15 job openings
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SBI Life Insurance Company Area Manager Salary 6 - 18 years exp. (218 salaries)	₹4.6 L/yr - ₹14.2 L/yr 5% more
Max Life Insurance Area Manager Salary 5 - 18 years exp. (282 salaries)	₹4.2 L/yr - ₹13.2 L/yr 8% less	3 job openings
Bajaj Allianz Life Insurance Area Manager Salary 5 - 17 years exp. (196 salaries)	₹5 L/yr - ₹16.5 L/yr 11% more
Kotak Mahindara Life Insurance Area Manager Salary 7 - 24 years exp. (26 salaries)	₹5.7 L/yr - ₹17.9 L/yr 32% more
Reliance Nippon Life Insurance Area Manager Salary 13 - 20 years exp. (72 salaries)	₹9.5 L/yr - ₹21.4 L/yr 73% more
Tata AIA Life Insurance Area Manager Salary 6 - 20 years exp. (186 salaries)	₹5.5 L/yr - ₹18 L/yr 33% more	10 job openings
PNB MetLife Area Manager Salary 6 - 15 years exp. (20 salaries)	₹5.9 L/yr - ₹11.1 L/yr 7% more
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (124 salaries)	₹4.5 L/yr - ₹10 L/yr 20% less
Cholamandalam MS General Insurance Area Manager Salary 5 - 16 years exp. (129 salaries)	₹4.5 L/yr - ₹14 L/yr 2% less
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ICICI Lombard General Insurance Company Area Manager Salary 3 - 17 years exp. (74 salaries)	₹6.8 L/yr - ₹18.5 L/yr 46% more
Star Health & Allied Insurance Area Manager Salary 6 - 19 years exp. (45 salaries)	₹5.7 L/yr - ₹22 L/yr 43% more	1 job opening
Shriram Life Insurance Area Manager Salary 6 - 16 years exp. (42 salaries)	₹3.7 L/yr - ₹11 L/yr 25% less
HDFC Ergo General Insurance Area Manager Salary 5 - 20 years exp. (40 salaries)	₹6 L/yr - ₹12.5 L/yr 3% more
Aditya Birla Health Insurance Co Area Manager Salary 7 - 18 years exp. (31 salaries)	₹4.5 L/yr - ₹16.5 L/yr 19% more
Bajaj Allianz General Insurance Area Manager Salary 7 - 15 years exp. (16 salaries)	₹5.2 L/yr - ₹18 L/yr 20% more	1 job opening
Aditya Birla Insurance Brokers Area Manager Salary 2 - 9 years exp. (11 salaries)	₹4.5 L/yr - ₹6.3 L/yr 38% less
Allianz Partners Area Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 22% less

Area Manager salary at Life Insurance Corporation of India ranges between ₹7.5 Lakhs to ₹10 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Area Manager salaries

Last Updated: 23 May 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
12 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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15+ years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Sales Manager Salary

(19 salaries)

₹2 L/yr - ₹6.5 L/yr

Branch Manager Salary

(14 salaries)

₹15.31 L/yr - ₹28 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 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

Marketing Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.8 L/yr

Business Manager Salary

(5 salaries)

₹1 L/yr - ₹5.75 L/yr

Territory Manager Salary

(6 salaries)

₹4 L/yr - ₹11.5 L/yr

Team Lead Salary

(17 salaries)

₹1.4 L/yr - ₹4 L/yr

Sales Officer Salary

(12 salaries)

₹1 L/yr - ₹5 L/yr

Salary related reviews for Life Insurance Corporation of India

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.

Development Officer in Birbhum

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2022

4.0

for Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Salary - Good

+1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

Job security - Bad

+4 more

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Life Insurance Corporation of India Area Manager Salary FAQs

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

Area Manager salary at Life Insurance Corporation of India in India ranges between ₹7.5 Lakhs to ₹10.0 Lakhs for experience between 10 years to 15 years. According to our estimates it is 10% less than the average Area Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.

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

The average salary of a Area Manager at Life Insurance Corporation of India is 10% less than the average salary of a Area Manager in India. To know exact salary insights, login to view.

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

Reliance Nippon Life Insurance Area Manager Salary - ₹9.5 Lakhs to ₹21.4 Lakhs per year
ICICI Lombard General Insurance Company Area Manager Salary - ₹6.8 Lakhs to ₹18.5 Lakhs per year
Star Health & Allied Insurance Area Manager Salary - ₹5.7 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Area Manager Salary - ₹5.5 Lakhs to ₹18.0 Lakhs per year
Kotak Mahindara Life Insurance Area Manager Salary - ₹5.7 Lakhs to ₹17.9 Lakhs per year

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

Bajaj Allianz General Insurance Area Manager Salary - ₹5.2 Lakhs to ₹18.0 Lakhs per year
Aditya Birla Health Insurance Co Area Manager Salary - ₹4.5 Lakhs to ₹16.5 Lakhs per year
ICICI Prudential Life Insurance Area Manager Salary - ₹5.8 Lakhs to ₹13.1 Lakhs per year
Bajaj Allianz Life Insurance Area Manager Salary - ₹5.0 Lakhs to ₹16.5 Lakhs per year
PNB MetLife Area Manager Salary - ₹5.9 Lakhs to ₹11.1 Lakhs per year

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

The estimated take-home salary of a Area Manager at Life Insurance Corporation of India ranges between ₹63,132 per month to ₹64,737 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Area Manager salary in India which ranges between ₹7.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 10 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Life Insurance Corporation of India Area Managers reported a notice period of 1 Month, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Area Manager Salaries

Life Insurance Corporation of India Area Manager salary in India ranges between ₹7.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.