Life Insurance Corporation of India Business Analyst Salaries by 5 Employees (Updated 2025)

3 - 12 years exp.

₹1.8 Lakh - ₹8.5 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Business Analyst Salary in Insurance Companies for 3 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Analyst Salary 7 - 12 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹8.5 L/yr
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Engineering - Software & QA Business Analyst Salary 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 13 Dec 2024

Companies similar to Life Insurance Corporation of India for Business Analyst

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Analyst Salary 1 - 8 years exp. (68 salaries)	₹2.8 L/yr - ₹12 L/yr 66% more	1 job opening
ICICI Prudential Life Insurance Business Analyst Salary 0 - 5 years exp. (40 salaries)	₹3 L/yr - ₹11.8 L/yr 61% more
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SBI Life Insurance Company Business Analyst Salary 2 - 5 years exp. (6 salaries)	₹5.2 L/yr - ₹8 L/yr 41% more
Max Life Insurance Business Analyst Salary 2 - 9 years exp. (39 salaries)	₹3 L/yr - ₹11.6 L/yr 43% more
Bajaj Allianz Life Insurance Business Analyst Salary 2 - 16 years exp. (45 salaries)	₹5 L/yr - ₹16.5 L/yr 137% more
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 8 years exp. (27 salaries)	₹2.1 L/yr - ₹8.9 L/yr 18% more	1 job opening
Reliance Nippon Life Insurance Business Analyst Salary 0 - 6 years exp. (5 salaries)	₹3 L/yr - ₹5 L/yr 1% more
Tata AIA Life Insurance Business Analyst Salary 4 - 10 years exp. (25 salaries)	₹4 L/yr - ₹13.3 L/yr 88% more
PNB MetLife Business Analyst Salary 4 - 13 years exp. (6 salaries)	₹5 L/yr - ₹8 L/yr 45% more
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (16 salaries)	₹4.6 L/yr - ₹13 L/yr 97% more
Care Health Insurance Business Analyst Salary 0 - 6 years exp. (129 salaries)	₹3 L/yr - ₹12 L/yr 47% more
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ICICI Lombard General Insurance Company Business Analyst Salary 0 - 9 years exp. (85 salaries)	₹4 L/yr - ₹13.4 L/yr 85% more
Principal Global Services Business Analyst Salary 2 - 7 years exp. (48 salaries)	₹4.5 L/yr - ₹15 L/yr 137% more
Allianz Business Analyst Salary 2 - 8 years exp. (40 salaries)	₹5.1 L/yr - ₹18.3 L/yr 141% more
Bajaj Allianz General Insurance Business Analyst Salary 0 - 9 years exp. (30 salaries)	₹4.2 L/yr - ₹13 L/yr 83% more
Gallagher Business Analyst Salary 1 - 5 years exp. (29 salaries)	₹2.7 L/yr - ₹9 L/yr 10% more
Aditya Birla Health Insurance Co Business Analyst Salary 3 - 12 years exp. (28 salaries)	₹3.8 L/yr - ₹15.6 L/yr 99% more
HDFC Ergo General Insurance Business Analyst Salary 2 - 10 years exp. (28 salaries)	₹4.5 L/yr - ₹13.3 L/yr 88% more
Star Health & Allied Insurance Business Analyst Salary 0 - 10 years exp. (17 salaries)	₹5 L/yr - ₹14.5 L/yr 123% more
AIG Business Analyst Salary 0 - 11 years exp. (19 salaries)	₹4.4 L/yr - ₹10.6 L/yr 86% more

View all

Business Analyst salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹8.5 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Business Analyst salaries

Last Updated: 13 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹1.8 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹7.6 L/yr
8 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
10 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
11 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.4 L/yr

View all

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Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 1 employees for salary & benefits

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.

Development Officer in Birbhum

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.

Salary - Good

+1 more

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.

Job security - Bad

+4 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Life Insurance Corporation of India Business Analyst Salary FAQs

What is the salary of Business Analyst at Life Insurance Corporation of India?

Business Analyst salary at Life Insurance Corporation of India in India ranges between ₹1.8 Lakhs to ₹8.5 Lakhs for experience between 3 years to 12 years. According to our estimates it is 53% less than the average Business Analyst Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Business Analyst at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Business Analyst at Life Insurance Corporation of India is 53% less than the average salary of a Business Analyst in India. To know exact salary insights, login to view.

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

Cholamandalam MS General Insurance Business Analyst Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
Allianz Business Analyst Salary - ₹5.1 Lakhs to ₹18.3 Lakhs per year
Principal Global Services Business Analyst Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz Life Insurance Business Analyst Salary - ₹5.0 Lakhs to ₹16.5 Lakhs per year
Star Health & Allied Insurance Business Analyst Salary - ₹5.0 Lakhs to ₹14.5 Lakhs per year

What is the salary of a Business Analyst in companies similar to Life Insurance Corporation of India in India?

Aditya Birla Health Insurance Co Business Analyst Salary - ₹3.8 Lakhs to ₹15.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Analyst Salary - ₹4.6 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance Business Analyst Salary - ₹4.5 Lakhs to ₹13.3 Lakhs per year
Tata AIA Life Insurance Business Analyst Salary - ₹4.0 Lakhs to ₹13.3 Lakhs per year
AIG Business Analyst Salary - ₹4.4 Lakhs to ₹10.6 Lakhs per year

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

The estimated take-home salary of a Business Analyst at Life Insurance Corporation of India ranges between ₹34,096 per month to ₹35,349 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Business Analyst salary in India which ranges between ₹1.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at Life Insurance Corporation of India?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Business Analysts reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Business Analyst Salaries

Life Insurance Corporation of India Business Analyst salary in India ranges between ₹1.8 Lakh to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.