Life Insurance Corporation of India Assistant Manager Operations Salaries by 3 Employees

0 - 8 years exp.

₹2.3 Lakhs - ₹13 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

8% less than the average Assistant Manager Operations Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Operations Salary Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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Customer Success, Service & Operations Assistant Manager Operations Salary 8 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 5 Feb 2024

Companies similar to Life Insurance Corporation of India for Assistant Manager Operations

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Assistant Manager Operations Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹3.8 L/yr 48% less
Axis Max Life Insurance Assistant Manager Operations Salary 3 - 15 years exp. (35 salaries)	₹2.5 L/yr - ₹4.9 L/yr 43% less
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Aditya Birla Health Insurance Co Assistant Manager Operations Salary 3 - 10 years exp. (31 salaries)	₹2.9 L/yr - ₹6.5 L/yr 26% less
SBI Life Insurance Company Assistant Manager Operations Salary 7 - 16 years exp. (31 salaries)	₹4.1 L/yr - ₹9.1 L/yr 5% more
ICICI Prudential Life Insurance Assistant Manager Operations Salary 1 - 13 years exp. (26 salaries)	₹3.5 L/yr - ₹5.6 L/yr 26% less
Tata AIA Life Insurance Assistant Manager Operations Salary 1 - 16 years exp. (20 salaries)	₹5.8 L/yr - ₹14.5 L/yr 46% more
Aditya Birla Sun Life Insurance Assistant Manager Operations Salary 2 - 8 years exp. (18 salaries)	₹2.8 L/yr - ₹4 L/yr 47% less
Bajaj Allianz Life Insurance Assistant Manager Operations Salary 6 - 13 years exp. (18 salaries)	₹3.4 L/yr - ₹8.9 L/yr 8% less
HDFC Life Assistant Manager Operations Salary 3 - 10 years exp. (14 salaries)	₹3 L/yr - ₹6.4 L/yr 26% less
HDFC Ergo General Insurance Assistant Manager Operations Salary 4 - 12 years exp. (13 salaries)	₹3.6 L/yr - ₹6.5 L/yr 30% less
Star Health & Allied Insurance Assistant Manager Operations Salary 5 - 13 years exp. (13 salaries)	₹3.8 L/yr - ₹5 L/yr 27% less
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Reliance Nippon Life Insurance Assistant Manager Operations Salary 4 - 14 years exp. (9 salaries)	₹2.5 L/yr - ₹3.9 L/yr 49% less
Allianz Assistant Manager Operations Salary 8 - 14 years exp. (8 salaries)	₹5.8 L/yr - ₹11.5 L/yr 32% more
Shriram Life Insurance Assistant Manager Operations Salary 4 - 12 years exp. (7 salaries)	₹3.5 L/yr - ₹6.5 L/yr 17% less
Allianz Partners Assistant Manager Operations Salary 7 - 10 years exp. (4 salaries)	₹4.7 L/yr - ₹7.5 L/yr At par
ICICI Lombard General Insurance Company Assistant Manager Operations Salary 0 - 10 years exp. (4 salaries)	₹4 L/yr - ₹11.2 L/yr 19% more
Cholamandalam MS General Insurance Assistant Manager Operations Salary 4 - 7 years exp. (4 salaries)	₹2.2 L/yr - ₹3 L/yr 64% less
AIG Assistant Manager Operations Salary 9 - 11 years exp. (4 salaries)	₹6.9 L/yr - ₹8.9 L/yr 24% more
Principal Global Services Assistant Manager Operations Salary 8 - 15 years exp. (3 salaries)	₹11 L/yr - ₹20 L/yr 165% more
Bajaj Allianz General Insurance Assistant Manager Operations Salary 4 - 5 years exp. (3 salaries)	₹5.5 L/yr - ₹7.2 L/yr 7% more	1 job opening

Assistant Manager Operations salary at Life Insurance Corporation of India ranges between ₹2.3 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Assistant Manager Operations salaries

Last Updated: 5 Feb 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
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8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

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Salary related reviews for Life Insurance Corporation of India

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

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

Agent Advisor in Khatauli

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Self defined working hours with dignity and job security. More you work more you earn just like business. No fraudulent on system level. It's cool to work with world biggest life insurance company as I think it is.

Salary - Good

+6 more

Dislikes

Salary is not being provided to the agent as they work hard and fail some time to get new business. One more thing to be addressed is all services should be available at all office for the agent as collect the required forms, and to submit loan,neft request for the client benefit.

LIC Agent in Visakhapatnam

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 13 Oct 2023

4.0

for Salary and Benefits

Likes

You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that

Salary - Good

+6 more

Dislikes

...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.

see more salary related reviews

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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Life Insurance Corporation of India Assistant Manager Operations Salary FAQs

How the salary growth look like for a Assistant Manager Operations at Life Insurance Corporation of India in India?

The salary growth for a Assistant Manager Operations at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Assistant Manager Operations can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years	₹11.7 Lakhs to ₹15.0 Lakhs per year
8 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Life Insurance Corporation of India Assistant Manager Operations Salaries by Location

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Life Insurance Corporation of India Assistant Manager Operations Salaries

Life Insurance Corporation of India Assistant Manager Operations salary in India ranges between ₹2.3 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Assistant Manager Operations salaries in India

Companies similar to Life Insurance Corporation of India for Assistant Manager Operations

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

Experience wise Life Insurance Corporation of India Assistant Manager Operations salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Development Officer in Birbhum

Agent Advisor in Khatauli

LIC Agent in Visakhapatnam

Life Insurance Corporation of India Assistant Manager Operations Salary FAQs

Tell us how to improve this page.

Life Insurance Corporation of India Assistant Manager Operations Salaries by Location