Life Insurance Corporation of India Vadodara Back Office Executive Salaries by 3 Employees

1 - 5 years exp.

₹0.6 Lakh - ₹1.8 Lakh

Low Confidence

Avg. annual salary

Monthly In-hand Salary

37% less than the average Back Office Executive Salary in Insurance Companies for 1 - 5 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Life Insurance Corporation of India for Back Office Executive in Vadodara

Life Insurance Corporation of India Back Office Executive Salary

1 - 5 years exp. (3 salaries)

₹0.6 L/yr - ₹1.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Back Office Executive Salary 3 - 4 years exp. (3 salaries)	₹1.3 L/yr - ₹3.3 L/yr 78% more
Kotak Mahindra Bank Back Office Executive Salary 0 - 7 years exp. (11 salaries)	₹1.5 L/yr - ₹3 L/yr 50% more
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Jhaveri Securities Back Office Executive Salary 0 - 6 years exp. (9 salaries)	₹1.6 L/yr - ₹2.5 L/yr 22% more
Kumbla Academy Back Office Executive Salary 1 - 6 years exp. (7 salaries)	₹1.2 L/yr - ₹2.4 L/yr 16% more
Sharma Pharmaceutical Back Office Executive Salary 2 - 8 years exp. (5 salaries)	₹1 L/yr - ₹1.6 L/yr 13% less

Back Office Executive salary at Life Insurance Corporation of India ranges between ₹0.6 Lakh to ₹1.8 Lakh per year for employees with experience between 1 year to 5 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 Back Office Executive salaries in Vadodara

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.7 L/yr
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3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.7 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.7 L/yr
5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.7 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Office Assistant Salary

(3 salaries)

₹1 L/yr - ₹2 L/yr

Salary related reviews for Life Insurance Corporation of India

Data Entry Operator in Patna

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

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.

Computer Operator in Lucknow

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 .

Job security - Excellent

+3 more

Dislikes

Salary - Poor
Skill development - Poor

+1 more

Advisor in Kulgam

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

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.

Skill development - Poor

+2 more

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

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Salary Discussions, Hike & Promotions

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 Back Office Executive Salary FAQs

How the salary growth look like for a Back Office Executive at Life Insurance Corporation of India in Vadodara?

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

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹1.8 Lakhs per year
2 years	₹1.4 Lakhs to ₹1.7 Lakhs per year
3 years	₹1.4 Lakhs to ₹1.7 Lakhs per year
4 years	₹1.3 Lakhs to ₹1.7 Lakhs per year

and so on.

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Life Insurance Corporation of India Back Office Executive Salaries in Vadodara

Life Insurance Corporation of India Back Office Executive salary in Vadodara ranges between ₹0.6 Lakh to ₹1.8 Lakh 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.