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Life Insurance Corporation of India Assistant Manager salaries in India (Updated 2025)

Annual salary range
1 - 12 years exp.
₹1 Lakh - ₹8 Lakhs
Salary of majority employees
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47% less than the average Assistant Manager Salary in Insurance Companies for 1 - 12 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 - ₹8 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
3 - 8 years exp. (3 salaries)
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₹2.8 L/yr - ₹5.5 L/yr

Administration & Facilities
Assistant Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹7.4 L/yr

Sales & Business Development
Assistant Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹4.2 L/yr

Last Updated: 8 Mar 2025

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. (264 salaries)

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₹1.7 L/yr - ₹7.5 L/yr

arrow icon 7% more
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₹3 L/yr - ₹7.5 L/yr

arrow icon 18% more
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₹4 L/yr - ₹12 L/yr

arrow icon 62% more
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (641 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 6% less
12 job openings
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₹4 L/yr - ₹13.6 L/yr

arrow icon 77% more
1 job opening
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₹2 L/yr - ₹4.8 L/yr

arrow icon 19% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (582 salaries)

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₹3.8 L/yr - ₹14 L/yr

arrow icon 98% more
35 job openings
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₹2.3 L/yr - ₹7.5 L/yr

arrow icon 6% more
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₹4.5 L/yr - ₹10.7 L/yr

arrow icon 75% more
4 job openings
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₹1.9 L/yr - ₹8.4 L/yr

arrow icon 5% less
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₹2.6 L/yr - ₹9.5 L/yr

arrow icon 26% more
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₹2 L/yr - ₹8 L/yr

arrow icon 12% less
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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 130% more
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₹3 L/yr - ₹8.5 L/yr

arrow icon 16% more
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PNB MetLife Assistant Manager Salary

0 - 11 years exp. (163 salaries)

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₹1.5 L/yr - ₹7.5 L/yr

arrow icon 3% less
3 job openings
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Shriram Life Insurance Assistant Manager Salary

3 - 13 years exp. (113 salaries)

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₹2 L/yr - ₹9.5 L/yr

arrow icon 12% more
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Allianz Partners Assistant Manager Salary

3 - 12 years exp. (117 salaries)

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₹5.3 L/yr - ₹12.1 L/yr

arrow icon 84% more
1 job opening
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₹2.9 L/yr - ₹9.7 L/yr

arrow icon 28% more
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₹7 L/yr - ₹22 L/yr

arrow icon 243% more
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₹2.8 L/yr - ₹9.5 L/yr

arrow icon 35% more
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Assistant Manager salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 12 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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9 years exp.
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8 years exp.
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Experience wise Life Insurance Corporation of India Assistant Manager salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.8 L/yr - ₹6.1 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹6.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹6.8 L/yr
4 years  (3 salaries)

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₹1.8 L/yr - ₹7.2 L/yr
5 years  (5 salaries)

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₹1 L/yr - ₹6.6 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹8 L/yr - ₹10.83 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
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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.

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
see more salary related reviews

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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 ₹1.0 Lakhs to ₹8.0 Lakhs for experience between 1 years to 12 years. According to our estimates it is 47% 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 47% 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 ₹18.6 Lakhs per year
  • AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager Salary - ₹3.8 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 ₹33,754 per month to ₹35,012 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 ₹1.0 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 12 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, 44% of the Life Insurance Corporation of India Assistant Managers reported a notice period of 15 days or less, 23% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Assistant Manager salary in India ranges between ₹1 Lakh to ₹8 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.

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