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Life Insurance Corporation of India Assistant Manager salaries in India

Annual salary range
2 - 29 years exp.
₹4.2 Lakhs - ₹13 Lakhs
Salary of majority employees
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10% less than the average Assistant Manager Salary in Insurance Companies for 2 - 29 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
5 - 12 years exp. (3 salaries)
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₹5 L/yr - ₹11.4 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
3 - 8 years exp. (AmbitionBox Estimate)
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₹2.8 L/yr - ₹10.5 L/yr

Administration & Facilities
Assistant Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹11.5 L/yr

Sales & Business Development
Assistant Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹9.9 L/yr

Last Updated: 14 Sep 2024

Companies similar to Life Insurance Corporation of India for Assistant Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Assistant Manager Salary

1 - 9 years exp. (258 salaries)

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₹2.4 L/yr - ₹7 L/yr

arrow icon 37% less
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₹3 L/yr - ₹7.5 L/yr

arrow icon 30% less
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₹4 L/yr - ₹12 L/yr

arrow icon 5% less
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (994 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 44% less
8 job openings
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₹3 L/yr - ₹13.6 L/yr

arrow icon 4% more
1 job opening
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₹2 L/yr - ₹4.8 L/yr

arrow icon 52% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (575 salaries)

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₹3.7 L/yr - ₹14 L/yr

arrow icon 17% more
56 job openings
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₹2.3 L/yr - ₹7.5 L/yr

arrow icon 36% less
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₹4.5 L/yr - ₹10.7 L/yr

arrow icon 5% more
5 job openings
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₹2 L/yr - ₹6.2 L/yr

arrow icon 43% less
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₹2.6 L/yr - ₹9.5 L/yr

arrow icon 25% less
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₹3 L/yr - ₹8.4 L/yr

arrow icon 31% less
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₹2 L/yr - ₹8 L/yr

arrow icon 50% less
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PNB MetLife Assistant Manager Salary

0 - 11 years exp. (159 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 42% less
4 job openings
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AIG Assistant Manager Salary

3 - 13 years exp. (199 salaries)

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₹5 L/yr - ₹16 L/yr

arrow icon 37% more
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Allianz Partners Assistant Manager Salary

5 - 12 years exp. (115 salaries)

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₹4.5 L/yr - ₹12.1 L/yr

arrow icon 9% more
1 job opening
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Shriram Life Insurance Assistant Manager Salary

3 - 13 years exp. (114 salaries)

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₹2 L/yr - ₹9.4 L/yr

arrow icon 32% less
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₹7 L/yr - ₹22 L/yr

arrow icon 104% more
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₹2.8 L/yr - ₹9.5 L/yr

arrow icon 19% less
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₹2.9 L/yr - ₹9.7 L/yr

arrow icon 24% less
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Assistant Manager salary at Life Insurance Corporation of India ranges between ₹4.2 Lakhs to ₹13 Lakhs per year for employees with experience between 2 years to 29 years. Salary estimates are based on 21 latest salaries received from various employees of Life Insurance Corporation of India.

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

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Experience wise Life Insurance Corporation of India Assistant Manager salaries

Last Updated: 14 Sep 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹8 L/yr
4 years  (3 salaries)

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₹1.8 L/yr - ₹8.5 L/yr
5 years  (4 salaries)

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₹1 L/yr - ₹6.6 L/yr
6 years  (3 salaries)

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₹1.2 L/yr - ₹7 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

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₹8 L/yr - ₹10.21 L/yr
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₹2 L/yr - ₹4.5 L/yr
Team Manager Salary
(AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.8 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
Branch Manager Salary
(14 salaries)
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₹15.31 L/yr - ₹28 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
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₹2.15 L/yr - ₹5 L/yr
Team Lead Salary
(17 salaries)
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₹1.4 L/yr - ₹4 L/yr
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₹2.5 L/yr - ₹6 L/yr

Salary related reviews for Life Insurance Corporation of India

4.1

Rated by 8 employees for salary & benefits

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.

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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 Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Life Insurance Corporation of India?
Assistant Manager salary at Life Insurance Corporation of India in India ranges between ₹4.2 Lakhs to ₹13.0 Lakhs for experience between 2 years to 29 years. According to our estimates it is 10% less than the average Assistant Manager Salary in India. Salary estimates are based on 21 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Assistant Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Assistant Manager at Life Insurance Corporation of India is 10% less than the average salary of a Assistant 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 Assistant Manager in India?
  • Principal Global Services Assistant Manager Salary - ₹13.0 Lakhs to ₹21.0 Lakhs per year
  • AXA Assistant Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
  • General Insurance Corporation of India Assistant Manager Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
  • United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Life Insurance Corporation of India in India?
  • National Insurance Company Assistant Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
  • The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year
  • Gallagher Assistant Manager Salary - ₹6.5 Lakhs to ₹12.2 Lakhs per year
  • AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager Salary - ₹3.7 Lakhs to ₹14.0 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Assistant Manager at Life Insurance Corporation of India ranges between ₹56,269 per month to ₹57,680 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Assistant Manager salary in India which ranges between ₹4.2 Lakhs to ₹13.0 Lakhs per year for employees with experience between 2 years to 29 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Life Insurance Corporation of India?
According to AmbitionBox, 41% of the Life Insurance Corporation of India Assistant Managers reported a notice period of 15 days or less, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Assistant Manager salary in India ranges between ₹4.2 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.