Life Insurance Corporation of India Area Manager Salaries by 4 Employees

10 - 15 years exp.

₹7.5 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

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)	₹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
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (376 salaries)	₹5.8 L/yr - ₹13.2 L/yr 13% more	32 job openings
Axis Max Life Insurance Area Manager Salary 6 - 18 years exp. (270 salaries)	₹4.2 L/yr - ₹13.5 L/yr 6% less
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Bajaj Allianz Life Insurance Area Manager Salary 6 - 17 years exp. (211 salaries)	₹5 L/yr - ₹16.5 L/yr 14% more
SBI Life Insurance Company Area Manager Salary 6 - 18 years exp. (246 salaries)	₹5.4 L/yr - ₹14.5 L/yr 4% more
Tata AIA Life Insurance Area Manager Salary 6 - 17 years exp. (179 salaries)	₹6 L/yr - ₹17.7 L/yr 33% more	1 job opening
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (129 salaries)	₹4.5 L/yr - ₹10 L/yr 21% less
Cholamandalam MS General Insurance Area Manager Salary 8 - 17 years exp. (118 salaries)	₹4.5 L/yr - ₹16.5 L/yr 8% more
Reliance Nippon Life Insurance Area Manager Salary 10 - 19 years exp. (86 salaries)	₹9 L/yr - ₹21.4 L/yr 60% more
Star Health & Allied Insurance Area Manager Salary 8 - 19 years exp. (47 salaries)	₹5.7 L/yr - ₹22 L/yr 48% more
Shriram Life Insurance Area Manager Salary 6 - 17 years exp. (44 salaries)	₹3.7 L/yr - ₹11 L/yr 25% less
ICICI Lombard General Insurance Company Area Manager Salary 8 - 17 years exp. (43 salaries)	₹6.8 L/yr - ₹20 L/yr 44% more
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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 10 - 18 years exp. (19 salaries)	₹8 L/yr - ₹16.5 L/yr 36% more
HDFC Life Area Manager Salary 10 - 11 years exp. (36 salaries)	₹7.7 L/yr - ₹19 L/yr 39% more
Kotak Mahindara Life Insurance Area Manager Salary 5 - 24 years exp. (32 salaries)	₹5 L/yr - ₹21 L/yr 36% more
Bajaj Allianz General Insurance Area Manager Salary 5 - 17 years exp. (23 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

(12 salaries)

₹3.6 L/yr - ₹6.5 L/yr

Branch Manager Salary

(15 salaries)

₹9.65 L/yr - ₹31 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

(11 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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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 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
Aditya Birla Health Insurance Co	₹8.0 Lakhs to ₹16.5 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.

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	₹5.0 Lakhs to ₹21.0 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 Lakhs per year
Bajaj Allianz General Insurance	₹5.2 Lakhs to ₹18.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹16.5 Lakhs per year
ICICI Prudential Life Insurance	₹5.8 Lakhs to ₹13.2 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.

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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.