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Life Insurance Corporation of India Assistant salaries in Mumbai

Annual salary range
0 - 5 years exp.
₹0.8 Lakh - ₹3.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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63% less than the average Assistant Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting
Assistant Salary
0 - 2 years exp. (4 salaries)
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₹1 L/yr - ₹3.6 L/yr

BFSI, Investments & Trading
Assistant Salary
0 - 1 year exp. (3 salaries)
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₹0.8 L/yr - ₹2.8 L/yr

Marketing & Communication
Assistant Salary
2 - 5 years exp. (AmbitionBox Estimate)
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₹1 L/yr - ₹2.3 L/yr

Last Updated: 12 Sep 2024

Companies similar to Life Insurance Corporation of India for Assistant in Mumbai

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Life Insurance Corporation of India Assistant Salary

0 - 5 years exp. (24 salaries)

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₹0.8 L/yr - ₹3.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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The Oriental Insurance Co. Assistant Salary

0 - 6 years exp. (4 salaries)

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₹1 L/yr - ₹3.6 L/yr

arrow icon 21% less
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The New India Assurance Co. Assistant Salary

1 - 7 years exp. (3 salaries)

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₹1.2 L/yr - ₹4.1 L/yr

arrow icon 13% more
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₹0.8 L/yr - ₹1.7 L/yr

arrow icon 54% less
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TCS Assistant Salary

8 - 15 years exp. (48 salaries)

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₹8.2 L/yr - ₹22 L/yr

arrow icon 322% more
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BDO Assistant Salary

0 - 5 years exp. (29 salaries)

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₹2 L/yr - ₹5.5 L/yr

arrow icon 24% more
Assistant salary at Life Insurance Corporation of India ranges between ₹0.8 Lakh to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 24 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Assistant in Mumbai

6mo ago
₹3 Lakhs
5 months exp.
1y ago
₹1 Lakh
5 years exp.
1y ago
₹1.6 Lakh
5 months exp.
1y ago
₹2.2 Lakhs
5 years exp.
1y ago
₹2 Lakhs
2 years exp.
1y ago
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5 years exp.
1y ago
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5 months exp.
1y ago
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5 years exp.

Experience wise Life Insurance Corporation of India Assistant salaries in Mumbai

Last Updated: 12 Sep 2024

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹1.4 L/yr - ₹5.9 L/yr
1 year  (9 salaries)

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₹0.8 L/yr - ₹5.9 L/yr
2 years  (6 salaries)

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₹1.2 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.6 L/yr
View all
Life Insurance Corporation of India Assistant Salary and Career Growth

From

To

Assistant

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0 - 6 years exp.

Branch Manager

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15 - 31 years exp.

Assistant

0 - 6 years exp.
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Development Officer

0 - 8 years exp.
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arrow icon 100% hike

Assistant Branch Manager

9 - 19 years exp.
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arrow icon 11% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Life Insurance Corporation of India

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₹1.5 L/yr - ₹2 L/yr

Salary related reviews for Life Insurance Corporation of India

3.7

Rated by 3 employees for salary & benefits

BFSI, Investments & Trading Department

5.0
  •  posted on 10 May 2018

2.0
 for  Salary and Benefits

Likes

...d Pratapgarh branch in post financial services executive Banccassurence channel.its company no job security and no career growth, and no salary enough,. This company good work environment and innovation.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

The Lic of India a big company insurance sector but no job security and life . The Lic of India a chitting company for employee because a large employee selections contractual basis employee and any time works out in company.

read more
  • Salary - Poor
  • +3 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

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

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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
see more salary related reviews

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Life Insurance Corporation of India Assistant Salary FAQs

What is the salary of Assistant at Life Insurance Corporation of India in Mumbai?
The average salary of a Assistant at Life Insurance Corporation of India in Mumbai typically ranges from ₹0.8 Lakhs to ₹3.3 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Assistant in Mumbai at Life Insurance Corporation of India earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Assistant 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 20+ Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Assistant at Life Insurance Corporation of India in Mumbai?
The estimated take-home salary of a Assistant at Life Insurance Corporation of India in Mumbai typically ranges from ₹23,097 to ₹24,564 per month. This is based on the average salary range of ₹0.8 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from Fresher to 5 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 20+ 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 Assistant in India?
TCS ₹8.2 Lakhs to ₹22.0 Lakhs per year
BDO ₹2.0 Lakhs to ₹5.5 Lakhs per year
The New India Assurance Co. ₹1.2 Lakhs to ₹4.1 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 Assistant in companies similar to Life Insurance Corporation of India in Mumbai?
The salary of a Assistant at companies similar to Life Insurance Corporation of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

The Oriental Insurance Co. ₹1.0 Lakhs to ₹3.6 Lakhs per year
Star Health & Allied Insurance ₹0.8 Lakhs to ₹1.7 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 Assistant at Life Insurance Corporation of India in Mumbai?
The salary growth for a Assistant at Life Insurance Corporation of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant in Mumbai can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹1.4 Lakhs to ₹5.9 Lakhs per year
1 year ₹0.8 Lakhs to ₹5.9 Lakhs per year
2 years ₹1.2 Lakhs to ₹5.8 Lakhs per year
3 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Assistant salary in Mumbai ranges between ₹0.8 Lakh to ₹3.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 24 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.