Life Insurance Corporation of India Back Office Staff Salaries by 4 Employees

1 - 2 years exp.

₹0.9 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Back Office Staff Salary in Insurance Companies for 1 - 2 years of experience

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Last Updated: 22 Apr 2023

Companies similar to Life Insurance Corporation of India for Back Office Staff

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Back Office Staff Salary 1 - 3 years exp. (6 salaries)	₹1 L/yr - ₹2.4 L/yr 12% less
Reliance Nippon Life Insurance Back Office Staff Salary 0 - 1 year exp. (5 salaries)	₹1 L/yr - ₹2 L/yr 4% less
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Axis Max Life Insurance Back Office Staff Salary 0 - 2 years exp. (5 salaries)	₹0.6 L/yr - ₹4.5 L/yr 67% more
ICICI Lombard General Insurance Company Back Office Staff Salary 1 - 3 years exp. (5 salaries)	₹1.2 L/yr - ₹2 L/yr 12% more
Cholamandalam MS General Insurance Back Office Staff Salary 0 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 53% more
Kotak Mahindara Life Insurance Back Office Staff Salary 0 - 3 years exp. (5 salaries)	₹1.2 L/yr - ₹2.3 L/yr 13% less
Bajaj Allianz General Insurance Back Office Staff Salary 1 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3 L/yr 25% more
HDFC Ergo General Insurance Back Office Staff Salary 1 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 39% more
ICICI Prudential Life Insurance Back Office Staff Salary 5 - 7 years exp. (3 salaries)	₹3 L/yr - ₹3.6 L/yr 88% more
Tata AIA Life Insurance Back Office Staff Salary 1 - 3 years exp. (3 salaries)	₹1.2 L/yr - ₹2.5 L/yr 7% more
Bajaj Allianz Life Insurance Back Office Staff Salary 1 - 2 years exp. (3 salaries)	₹1.4 L/yr - ₹1.7 L/yr 12% less
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Back Office Staff salary at Life Insurance Corporation of India ranges between ₹0.9 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Back Office Staff salaries

Last Updated: 22 Apr 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
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2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr

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Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 2 employees for salary & benefits

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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Life Insurance Corporation of India Back Office Staff Salary FAQs

What is the salary of Back Office Staff at Life Insurance Corporation of India ?

The average salary of a Back Office Staff at Life Insurance Corporation of India in India typically ranges from ₹0.9 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Back Office Staff at Life Insurance Corporation of India earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Back Office Staff 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 4 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Back Office Staff at Life Insurance Corporation of India in India typically ranges from ₹11,658 to ₹12,936 per month. This is based on the average salary range of ₹0.9 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year to 2 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 4 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 Staff in India?

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹3.6 Lakhs per year
Axis Max Life Insurance	₹0.6 Lakhs to ₹4.5 Lakhs per year
Cholamandalam MS General Insurance	₹2.0 Lakhs to ₹3.0 Lakhs per year
HDFC Ergo General Insurance	₹1.5 Lakhs to ₹3.0 Lakhs per year
Bajaj Allianz General Insurance	₹1.8 Lakhs to ₹3.0 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 Back Office Staff in companies similar to Life Insurance Corporation of India in India?

The salary of a Back Office Staff 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:

ICICI Lombard General Insurance Company	₹1.2 Lakhs to ₹2.0 Lakhs per year
Tata AIA Life Insurance	₹1.2 Lakhs to ₹2.5 Lakhs per year
Reliance Nippon Life Insurance	₹1.0 Lakhs to ₹2.0 Lakhs per year
SBI Life Insurance Company	₹1.0 Lakhs to ₹2.4 Lakhs per year
Bajaj Allianz Life Insurance	₹1.4 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 Back Office Staff at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
1 year	₹1.6 Lakhs to ₹2.0 Lakhs per year
2 years	₹1.5 Lakhs to ₹2.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Back Office Staff Salaries

Life Insurance Corporation of India Back Office Staff salary in India ranges between ₹0.9 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Back Office Staff salaries in India

Companies similar to Life Insurance Corporation of India for Back Office Staff

Latest annual salaries shared by Life Insurance Corporation of India Back Office Staff

Experience wise Life Insurance Corporation of India Back Office Staff salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Data Entry Operator in Patna

Computer Operator in Lucknow

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Life Insurance Corporation of India Back Office Staff Salary FAQs

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