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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Back Office salaries in India

Annual salary range
0 - 5 years exp.
₹0.4 Lakh - ₹2.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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39% less than the average Back Office Salary in Insurance Companies for 0 - 5 years of experience

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Last Updated: 9 Feb 2024

Companies similar to Life Insurance Corporation of India for Back Office

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₹1.4 L/yr - ₹1.5 L/yr

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₹1.2 L/yr - ₹2.5 L/yr

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₹1.5 L/yr - ₹2.5 L/yr

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₹1.3 L/yr - ₹2.5 L/yr

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₹1.3 L/yr - ₹5.5 L/yr

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Back Office salary at Life Insurance Corporation of India ranges between ₹0.4 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

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

10mo ago
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5 years exp.
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4 years exp.
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2 years exp.

Experience wise Life Insurance Corporation of India Back Office salaries

Last Updated: 9 Feb 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹0.3 L/yr - ₹1 L/yr
1 year (AmbitionBox Estimate)

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₹0.8 L/yr - ₹1.1 L/yr
2 years (AmbitionBox Estimate)

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₹0.4 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.6 L/yr
4 years (AmbitionBox Estimate)

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₹0.7 L/yr - ₹2.5 L/yr
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Salary related reviews for Life Insurance Corporation of India

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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

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Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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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.

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

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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

Full Time

 · 

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

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

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Oct 2022

4.0
 for  Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

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Life Insurance Corporation of India Back Office Salary FAQs

What is the salary of Back Office at Life Insurance Corporation of India?
Back Office salary at Life Insurance Corporation of India in India ranges between ₹0.4 Lakhs to ₹2.5 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 39% less than the average Back Office Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Back Office at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Back Office at Life Insurance Corporation of India is 39% less than the average salary of a Back Office in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Back Office in India?
  • Cholamandalam MS General Insurance Back Office Salary - ₹1.3 Lakhs to ₹5.5 Lakhs per year
  • ICICI Lombard General Insurance Company Back Office Salary - ₹1.5 Lakhs to ₹2.5 Lakhs per year
  • Bajaj Allianz General Insurance Back Office Salary - ₹1.3 Lakhs to ₹2.5 Lakhs per year
  • SBI Life Insurance Company Back Office Salary - ₹1.2 Lakhs to ₹2.5 Lakhs per year
  • ICICI Prudential Life Insurance Back Office Salary - ₹1.4 Lakhs to ₹1.5 Lakhs per year
What is the estimated take home salary of a Back Office at Life Insurance Corporation of India in India?
The estimated take-home salary of a Back Office at Life Insurance Corporation of India ranges between ₹8,650 per month to ₹9,614 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Back Office salary in India which ranges between ₹0.4 Lakhs to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?
What is the notice period for Back Office at Life Insurance Corporation of India?
According to AmbitionBox, 100% of the Life Insurance Corporation of India Back Offices reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Back Office salary in India ranges between ₹0.4 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.