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Life Insurance Corporation of India ASM salaries in India

Annual salary range
7 - 8 years exp.
₹3 Lakhs - ₹5 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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41% less than the average ASM Salary in Insurance Companies for 7 - 8 years of experience

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Last Updated: 17 Jan 2025

Companies similar to Life Insurance Corporation of India for ASM

Company name Avg Annual Salary Open Jobs
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HDFC Life ASM Salary

0 - 8 years exp. (58 salaries)

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₹2.7 L/yr - ₹5 L/yr

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ICICI Prudential Life Insurance ASM Salary

1 - 3 years exp. (3 salaries)

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₹4.5 L/yr - ₹4.9 L/yr

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Max Life Insurance ASM Salary

1 - 9 years exp. (123 salaries)

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₹2.3 L/yr - ₹4.8 L/yr

arrow icon 14% less
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Bajaj Allianz Life Insurance ASM Salary

1 - 5 years exp. (3 salaries)

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₹1.9 L/yr - ₹2.3 L/yr

arrow icon 48% less
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Reliance Nippon Life Insurance ASM Salary

1 - 13 years exp. (8 salaries)

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₹2 L/yr - ₹2.8 L/yr

arrow icon 43% less
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Tata AIA Life Insurance ASM Salary

4 - 11 years exp. (4 salaries)

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₹4 L/yr - ₹4.3 L/yr

arrow icon 6% less
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Aditya Birla Sun Life Insurance ASM Salary

0 - 5 years exp. (10 salaries)

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₹2.3 L/yr - ₹3.5 L/yr

arrow icon 35% less
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Aditya Birla Health Insurance Co ASM Salary

1 - 6 years exp. (18 salaries)

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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 25% less
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Cholamandalam MS General Insurance ASM Salary

5 - 25 years exp. (4 salaries)

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₹4.3 L/yr - ₹22 L/yr

arrow icon 123% more
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HDFC Ergo General Insurance ASM Salary

0 - 9 years exp. (4 salaries)

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₹3.2 L/yr - ₹10.5 L/yr

arrow icon 18% more
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₹7.6 L/yr - ₹30 L/yr

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Bajaj Allianz General Insurance ASM Salary

4 - 15 years exp. (3 salaries)

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₹5.7 L/yr - ₹9 L/yr

arrow icon 71% more
ASM salary at Life Insurance Corporation of India ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India ASM

3d ago
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8 years exp.
1y ago
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7 years exp.
1y ago
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7 years exp.

Experience wise Life Insurance Corporation of India ASM salaries

Last Updated: 17 Jan 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
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₹1.8 L/yr - ₹7 L/yr
Branch Manager Salary
(14 salaries)
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₹15.31 L/yr - ₹28 L/yr
Sales Officer Salary
(12 salaries)
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₹1 L/yr - ₹5 L/yr
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₹8 L/yr - ₹10.83 L/yr
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₹3 L/yr - ₹9.9 L/yr
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₹2.1 L/yr - ₹6 L/yr
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₹4 L/yr - ₹11.5 L/yr
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₹2.15 L/yr - ₹5 L/yr
Salesman Salary
(5 salaries)
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₹1.5 L/yr - ₹3 L/yr

Salary related reviews for Life Insurance Corporation of India

5.0
  •  posted on 25 Jul 2018

3.0
 for  Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

read more

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

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  • 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.

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  • 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.

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Life Insurance Corporation of India ASM Salary FAQs

What is the notice period for ASM at Life Insurance Corporation of India?
According to AmbitionBox, 100% of the Life Insurance Corporation of India ASMs reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India ASM salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.