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Life Insurance Corporation of India Area Manager salaries in India

Annual salary range
10 - 15 years exp.
₹7.5 Lakhs - ₹10 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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11% 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)
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₹7.7 L/yr - ₹9.4 L/yr

Sales & Business Development
Area Manager Salary
12 years exp. (AmbitionBox Estimate)
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₹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
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₹5.8 L/yr - ₹13.2 L/yr

arrow icon 12% more
30 job openings
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Axis Max Life Insurance Area Manager Salary

6 - 18 years exp. (267 salaries)

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₹4.2 L/yr - ₹13 L/yr

arrow icon 5% less
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Bajaj Allianz Life Insurance Area Manager Salary

6 - 17 years exp. (212 salaries)

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₹5 L/yr - ₹16.5 L/yr

arrow icon 12% more
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SBI Life Insurance Company Area Manager Salary

6 - 18 years exp. (221 salaries)

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₹4.6 L/yr - ₹14.3 L/yr

arrow icon 4% more
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Tata AIA Life Insurance Area Manager Salary

6 - 17 years exp. (179 salaries)

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₹6 L/yr - ₹17.7 L/yr

arrow icon 33% more
1 job opening
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₹4.5 L/yr - ₹9.3 L/yr

arrow icon 21% less
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₹5.3 L/yr - ₹16.9 L/yr

arrow icon 9% more
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₹9 L/yr - ₹21.4 L/yr

arrow icon 59% more
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₹5.7 L/yr - ₹22 L/yr

arrow icon 50% more
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Shriram Life Insurance Area Manager Salary

6 - 17 years exp. (44 salaries)

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₹3.7 L/yr - ₹11 L/yr

arrow icon 25% less
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₹6.8 L/yr - ₹20 L/yr

arrow icon 44% more
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HDFC Ergo General Insurance Area Manager Salary

5 - 20 years exp. (40 salaries)

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₹6 L/yr - ₹12.5 L/yr

arrow icon 3% more
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₹4.5 L/yr - ₹16.5 L/yr

arrow icon 19% more
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HDFC Life Area Manager Salary

10 - 11 years exp. (36 salaries)

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₹7.7 L/yr - ₹19 L/yr

arrow icon 39% more
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₹4.7 L/yr - ₹17.5 L/yr

arrow icon 30% more
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₹5.2 L/yr - ₹18 L/yr

arrow icon 20% more
1 job opening
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₹4.5 L/yr - ₹6.3 L/yr

arrow icon 38% less
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Allianz Partners Area Manager Salary

8 - 11 years exp. (3 salaries)

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₹5.3 L/yr - ₹8 L/yr

arrow icon 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.

Latest annual salaries shared by Life Insurance Corporation of India Area Manager

7mo ago
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10 years exp.
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12 years exp.
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15 years exp.
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10 years exp.

Experience wise Life Insurance Corporation of India Area Manager salaries

Last Updated: 23 May 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr
12 years (AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr
15+ years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Sales Manager Salary
(12 salaries)
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₹3.6 L/yr - ₹6.5 L/yr
Branch Manager Salary
(15 salaries)
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₹9.65 L/yr - ₹31 L/yr
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₹2 L/yr - ₹4 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹12 L/yr - ₹34.94 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹13.1 L/yr - ₹16.8 L/yr
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₹1 L/yr - ₹5.75 L/yr
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₹4 L/yr - ₹11.5 L/yr
Team Lead Salary
(17 salaries)
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₹1.4 L/yr - ₹4 L/yr
Sales Officer Salary
(11 salaries)
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₹1 L/yr - ₹5 L/yr

Salary related reviews for Life Insurance Corporation of India

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

read more
  • 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.

read more
  • Skill development - Poor
  • +2 more

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

read more
  • Promotions - Poor

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.

read more
  • Skill development - Poor
  • +5 more

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.

read more
  • 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.

read more

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.

read more
  • 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 ?
The average salary of a Area Manager at Life Insurance Corporation of India in India typically ranges from ₹7.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Area Manager at Life Insurance Corporation of India earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Area 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 4 Life Insurance Corporation of India employees in India.
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 in India typically ranges from ₹63,132 to ₹64,737 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 10 years to 15 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 4 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Life Insurance Corporation of India for Area Manager in India?
Reliance Nippon Life Insurance ₹9.0 Lakhs to ₹21.4 Lakhs per year
Star Health & Allied Insurance ₹5.7 Lakhs to ₹22.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.8 Lakhs to ₹20.0 Lakhs per year
HDFC Life ₹7.7 Lakhs to ₹19.0 Lakhs per year
Tata AIA Life Insurance ₹6.0 Lakhs to ₹17.7 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 Area Manager in companies similar to Life Insurance Corporation of India in India?
The salary of a Area 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:

Kotak Mahindara Life Insurance ₹4.7 Lakhs to ₹17.5 Lakhs per year
Bajaj Allianz General Insurance ₹5.2 Lakhs to ₹18.0 Lakhs per year
Aditya Birla Health Insurance Co ₹4.5 Lakhs to ₹16.5 Lakhs per year
ICICI Prudential Life Insurance ₹5.8 Lakhs to ₹13.2 Lakhs per year
Bajaj Allianz Life Insurance ₹5.0 Lakhs to ₹16.5 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 Area Manager at Life Insurance Corporation of India in India?
The salary growth for a Area Manager at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
10 years ₹7.7 Lakhs to ₹9.8 Lakhs per year
12 years ₹9.0 Lakhs to ₹11.5 Lakhs per year
15 years ₹6.8 Lakhs to ₹8.6 Lakhs per year
and so on.

Tell us how to improve this page.

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