Life Insurance Corporation of India Associate Salaries by 6 Employees (Updated 2025)

1 - 7 years exp.

₹1.1 Lakh - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

66% less than the average Associate Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

Finance & Accounting Associate Salary 2 - 7 years exp. (4 salaries)	₹1.1 L/yr - ₹3 L/yr
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Customer Success, Service & Operations Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 15 Mar 2025

Companies similar to Life Insurance Corporation of India for Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Salary 0 - 6 years exp. (281 salaries)	₹1.7 L/yr - ₹4.3 L/yr 32% more
SBI Life Insurance Company Associate Salary 1 - 6 years exp. (237 salaries)	₹1 L/yr - ₹4.5 L/yr At par
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HDFC Life Associate Salary 0 - 3 years exp. (224 salaries)	₹1.1 L/yr - ₹3.3 L/yr 19% less
HDFC Ergo General Insurance Associate Salary 1 - 8 years exp. (207 salaries)	₹1.8 L/yr - ₹5.2 L/yr 48% more
ICICI Lombard General Insurance Company Associate Salary 0 - 6 years exp. (77 salaries)	₹0.7 L/yr - ₹3.6 L/yr 2% less
Aditya Birla Health Insurance Co Associate Salary 1 - 6 years exp. (50 salaries)	₹1.8 L/yr - ₹4 L/yr 15% more
Kotak Mahindara Life Insurance Associate Salary 0 - 5 years exp. (40 salaries)	₹1.3 L/yr - ₹3 L/yr 12% less
Axis Max Life Insurance Associate Salary 0 - 5 years exp. (35 salaries)	₹2 L/yr - ₹4.3 L/yr 22% more
Gallagher Associate Salary 0 - 3 years exp. (33 salaries)	₹2 L/yr - ₹5.5 L/yr 17% more
Allianz Partners Associate Salary 0 - 4 years exp. (20 salaries)	₹2.5 L/yr - ₹5 L/yr 51% more
Aditya Birla Sun Life Insurance Associate Salary 1 - 5 years exp. (16 salaries)	₹1.7 L/yr - ₹4 L/yr 15% more
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AXA Associate Salary 0 - 2 years exp. (12 salaries)	₹2.5 L/yr - ₹3.5 L/yr 30% more
Tata AIA Life Insurance Associate Salary 1 - 6 years exp. (10 salaries)	₹1.3 L/yr - ₹4.4 L/yr 23% more
Principal Global Services Associate Salary 8 - 11 years exp. (6 salaries)	₹6 L/yr - ₹11.8 L/yr 243% more
Shriram Life Insurance Associate Salary 2 - 5 years exp. (4 salaries)	₹1.6 L/yr - ₹2.5 L/yr 19% less
Cholamandalam MS General Insurance Associate Salary 6 - 14 years exp. (4 salaries)	₹0.9 L/yr - ₹8.6 L/yr 74% more
Allianz Associate Salary 0 - 2 years exp. (4 salaries)	₹2.2 L/yr - ₹4.5 L/yr 51% more
Star Health & Allied Insurance Associate Salary 0 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹2.5 L/yr 29% less
Reliance Nippon Life Insurance Associate Salary 2 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹7 L/yr 54% more
The New India Assurance Co. Associate Salary 1 - 3 years exp. (3 salaries)	₹2.3 L/yr - ₹8.5 L/yr 150% more

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Associate salary at Life Insurance Corporation of India ranges between ₹1.1 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Associate salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
7 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2.3 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹6 L/yr

Team Lead Salary

(17 salaries)

₹1.4 L/yr - ₹4 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Web Developer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

System Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Software Engineer Salary

(3 salaries)

₹4.5 L/yr - ₹30 L/yr

Software Developer Salary

(3 salaries)

₹1.1 L/yr - ₹12 L/yr

Associate Software Engineer Salary

(4 salaries)

₹3 L/yr - ₹12 L/yr

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Life Insurance Corporation of India Associate Salary FAQs

What is the salary of Associate at Life Insurance Corporation of India ?

The average salary of a Associate at Life Insurance Corporation of India in India typically ranges from ₹1.1 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Associate at Life Insurance Corporation of India earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Associate 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 6 Life Insurance Corporation of India employees in India.

What is the estimated take home salary of a Associate at Life Insurance Corporation of India in India?

The estimated take-home salary of a Associate at Life Insurance Corporation of India in India typically ranges from ₹17,982 to ₹19,676 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 7 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 6 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 Associate in India?

Principal Global Services	₹6.0 Lakhs to ₹11.8 Lakhs per year
The New India Assurance Co.	₹2.3 Lakhs to ₹8.5 Lakhs per year
Cholamandalam MS General Insurance	₹0.9 Lakhs to ₹8.6 Lakhs per year
Reliance Nippon Life Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
Allianz Partners	₹2.5 Lakhs to ₹5.0 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 Associate in companies similar to Life Insurance Corporation of India in India?

The salary of a Associate at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Allianz	₹2.2 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹1.8 Lakhs to ₹5.2 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹4.1 Lakhs per year
ICICI Prudential Life Insurance	₹1.7 Lakhs to ₹4.3 Lakhs per year
AXA	₹2.5 Lakhs to ₹3.5 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 Associate at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
1 year	₹1.3 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹1.0 Lakhs to ₹3.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Associate Salaries

Life Insurance Corporation of India Associate salary in India ranges between ₹1.1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.