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Life Insurance Corporation of India Back Office Assistant salaries in Mumbai

Annual salary range
0 - 4 years exp.
₹1 Lakh - ₹2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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43% less than the average Back Office Assistant Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

Procurement & Supply Chain
Back Office Assistant Salary
0 - 4 years exp. (3 salaries)
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₹1.1 L/yr - ₹1.2 L/yr

BFSI, Investments & Trading
Back Office Assistant Salary
3 years exp. (AmbitionBox Estimate)
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₹1.2 L/yr - ₹1.4 L/yr

Last Updated: 17 Jan 2024

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

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Life Insurance Corporation of India Back Office Assistant Salary

0 - 4 years exp. (6 salaries)

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₹1 L/yr - ₹2 L/yr

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Company name Avg Annual Salary Open Jobs
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₹2.1 L/yr - ₹3.7 L/yr

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₹1.3 L/yr - ₹3 L/yr

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IDBI Bank Back Office Assistant Salary

1 - 13 years exp. (22 salaries)

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₹2 L/yr - ₹3 L/yr

arrow icon 110% more
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Vijay Sales Back Office Assistant Salary

3 - 10 years exp. (17 salaries)

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₹1.7 L/yr - ₹5 L/yr

arrow icon 145% more
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₹1.5 L/yr - ₹3.3 L/yr

arrow icon 87% more
Back Office Assistant salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India.

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

1y ago
₹1 Lakh
5 months exp.

Experience wise Life Insurance Corporation of India Back Office Assistant salaries in Mumbai

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.2 L/yr - ₹1.6 L/yr
1 year (AmbitionBox Estimate)

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₹1.2 L/yr - ₹1.6 L/yr
2 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹1.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹1.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹1.5 L/yr

Similar Designation salaries in Life Insurance Corporation of India

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₹0.5 L/yr - ₹3.6 L/yr
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₹1 L/yr - ₹4.5 L/yr

Salary related reviews for Life Insurance Corporation of India

Data Science & Analytics Department

5.0
  •  posted on 28 Dec 2021

5.0
 for  Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

read more

Nb department Department

5.0
  •  posted on 11 Oct 2021

2.0
 for  Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

read more
  • Job security - Excellent
  • +3 more

Dislikes

  • Salary - Poor
  • Skill development - Poor
  • +1 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

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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
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Life Insurance Corporation of India Back Office Assistant Salary FAQs

What is the salary of Back Office Assistant at Life Insurance Corporation of India in Mumbai?
The average salary of a Back Office Assistant at Life Insurance Corporation of India in Mumbai typically ranges from ₹1.0 Lakhs to ₹2.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Back Office Assistant in Mumbai at Life Insurance Corporation of India earn more than ₹1.9 Lakhs per year, and the top 1% earn over ₹2.0 Lakhs per year. Back Office 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 6 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Back Office Assistant at Life Insurance Corporation of India in Mumbai?
The estimated take-home salary of a Back Office Assistant at Life Insurance Corporation of India in Mumbai typically ranges from ₹8,663 to ₹9,627 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹2.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 Back Office Assistant in India?
Vijay Sales ₹1.7 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance ₹2.1 Lakhs to ₹3.7 Lakhs per year
IDBI Bank ₹2.0 Lakhs to ₹3.0 Lakhs per year
Star Health & Allied Insurance ₹1.3 Lakhs to ₹3.0 Lakhs per year
Godrej & Boyce Manufacturing ₹1.5 Lakhs to ₹3.3 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.
How the salary growth look like for a Back Office Assistant at Life Insurance Corporation of India in Mumbai?
The salary growth for a Back Office Assistant at Life Insurance Corporation of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Back Office Assistant in Mumbai can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹1.2 Lakhs to ₹1.6 Lakhs per year
1 year ₹1.2 Lakhs to ₹1.6 Lakhs per year
2 years ₹1.2 Lakhs to ₹1.5 Lakhs per year
3 years ₹1.2 Lakhs to ₹1.5 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Back Office Assistant salary in Mumbai ranges between ₹1 Lakh to ₹2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.