Life Insurance Corporation of India Bancassurance Officer Salaries by 4 Employees (Updated 2025)

2 - 11 years exp.

₹2.2 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

12% less than the average Bancassurance Officer Salary in Insurance Companies for 2 - 11 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Life Insurance Corporation of India for Bancassurance Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Life Bancassurance Officer Salary 0 - 5 years exp. (68 salaries)	₹1.5 L/yr - ₹4.5 L/yr 15% more
ICICI Prudential Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (19 salaries)	₹1.5 L/yr - ₹4.5 L/yr 12% more
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SBI Life Insurance Company Bancassurance Officer Salary 1 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4 L/yr 35% more
Max Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (21 salaries)	₹2.1 L/yr - ₹4 L/yr 8% more
Bajaj Allianz Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (10 salaries)	₹2.3 L/yr - ₹3.3 L/yr 9% more
Kotak Mahindara Life Insurance Bancassurance Officer Salary 1 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹4.5 L/yr 44% more
Tata AIA Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (70 salaries)	₹2.1 L/yr - ₹3.5 L/yr 11% more
PNB MetLife Bancassurance Officer Salary 2 - 5 years exp. (5 salaries)	₹3 L/yr - ₹3.8 L/yr 22% more
Aditya Birla Sun Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (13 salaries)	₹2.3 L/yr - ₹4 L/yr 26% more
Cholamandalam MS General Insurance Bancassurance Officer Salary 0 - 8 years exp. (13 salaries)	₹2.3 L/yr - ₹3.7 L/yr 28% more
HDFC Ergo General Insurance Bancassurance Officer Salary 2 - 5 years exp. (12 salaries)	₹2.5 L/yr - ₹4.3 L/yr 29% more
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ICICI Lombard General Insurance Company Bancassurance Officer Salary 1 - 6 years exp. (6 salaries)	₹3 L/yr - ₹3.6 L/yr 31% more
Bajaj Allianz General Insurance Bancassurance Officer Salary 1 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹3 L/yr 10% less
Care Health Insurance Bancassurance Officer Salary 1 - 13 years exp. (4 salaries)	₹2.4 L/yr - ₹2.5 L/yr 2% less
Shriram Life Insurance Bancassurance Officer Salary 3 - 6 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 20% less

Bancassurance Officer salary at Life Insurance Corporation of India ranges between ₹2.2 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 11 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 Bancassurance Officer salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.2 L/yr
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4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
10 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
11 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr

View all

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Salary related reviews for Life Insurance Corporation of India

3.0

Rated by 1 employees for salary & benefits

Senior Business Development Manager

5.0

• posted on 25 Jul 2018

3.0

for Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

Skill development - Excellent

+5 more

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

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

Insurance Adviser in Suryapet

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.

Salary - Excellent

+6 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.

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Life Insurance Corporation of India Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at Life Insurance Corporation of India?

Bancassurance Officer salary at Life Insurance Corporation of India in India ranges between ₹2.2 Lakhs to ₹3.0 Lakhs for experience between 2 years to 11 years. According to our estimates it is 12% less than the average Bancassurance Officer 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 Bancassurance Officer at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Bancassurance Officer at Life Insurance Corporation of India is 12% less than the average salary of a Bancassurance Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Life Insurance Corporation of India to a Bancassurance Officer in India?

Kotak Mahindara Life Insurance Bancassurance Officer Salary - ₹2.7 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company Bancassurance Officer Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Officer Salary - ₹3.0 Lakhs to ₹3.6 Lakhs per year
HDFC Ergo General Insurance Bancassurance Officer Salary - ₹2.5 Lakhs to ₹4.3 Lakhs per year
Cholamandalam MS General Insurance Bancassurance Officer Salary - ₹2.3 Lakhs to ₹3.7 Lakhs per year

What is the salary of a Bancassurance Officer in companies similar to Life Insurance Corporation of India in India?

Aditya Birla Sun Life Insurance Bancassurance Officer Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife Bancassurance Officer Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
HDFC Life Bancassurance Officer Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance Bancassurance Officer Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
Tata AIA Life Insurance Bancassurance Officer Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Bancassurance Officer at Life Insurance Corporation of India ranges between ₹17,585 per month to ₹19,284 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Bancassurance Officer salary in India which ranges between ₹2.2 Lakhs to ₹3.0 Lakhs per year for employees with experience between 2 years to 11 years. Check how did we calculate take home salary?

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Life Insurance Corporation of India Bancassurance Officer Salaries

Life Insurance Corporation of India Bancassurance Officer salary in India ranges between ₹2.2 Lakhs to ₹3 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 Bancassurance Officer salaries in India

Companies similar to Life Insurance Corporation of India for Bancassurance Officer

Latest annual salaries shared by Life Insurance Corporation of India Bancassurance Officer

Experience wise Life Insurance Corporation of India Bancassurance Officer salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Senior Business Development Manager

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Life Insurance Corporation of India Bancassurance Officer Salary FAQs

Tell us how to improve this page.