Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Life Insurance Corporation of India Team. If you also belong to the team, you can get access from here
filter salariesFilter salaries by

Life Insurance Corporation of India Business Development Associate salaries in India

Annual salary range
2 - 15 years exp.
₹3 Lakhs - ₹12 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

48% more than the average Business Development Associate Salary in Insurance Companies for 2 - 15 years of experience

Interested in this particular role?

Last Updated: 29 Dec 2023

Companies similar to Life Insurance Corporation of India for Business Development Associate

Company name Avg Annual Salary Open Jobs
unlock blur

₹3.5 L/yr - ₹4.9 L/yr

arrow icon 47% less
unlock blur

₹2.5 L/yr - ₹4.7 L/yr

arrow icon 54% less
unlock blur

₹3 L/yr - ₹4.7 L/yr

arrow icon 52% less
unlock blur

₹2.3 L/yr - ₹8 L/yr

arrow icon 42% less
unlock blur

₹2.5 L/yr - ₹5 L/yr

arrow icon 54% less
unlock blur

₹4 L/yr - ₹4.6 L/yr

arrow icon 47% less
unlock blur

₹1 L/yr - ₹4 L/yr

arrow icon 65% less
unlock blur

₹2.3 L/yr - ₹4.5 L/yr

arrow icon 57% less
unlock blur

₹4 L/yr - ₹11 L/yr

arrow icon 30% less
unlock blur

₹4 L/yr - ₹7.2 L/yr

arrow icon 37% less
unlock blur

₹2.1 L/yr - ₹3 L/yr

arrow icon 70% less
Business Development Associate salary at Life Insurance Corporation of India ranges between ₹3 Lakhs to ₹12 Lakhs per year for employees with experience between 2 years to 15 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Business Development Associate

1y ago
₹12 Lakhs
15 years exp.
1y ago
₹10 Lakhs
9 years exp.
1y ago
₹3 Lakhs
2 years exp.

Experience wise Life Insurance Corporation of India Business Development Associate salaries

Last Updated: 29 Dec 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

unlock blur

₹2.7 L/yr - ₹3.5 L/yr
9 years (AmbitionBox Estimate)

unlock blur

₹9 L/yr - ₹11.5 L/yr
15+ years (AmbitionBox Estimate)

unlock blur

₹10.8 L/yr - ₹13.8 L/yr

Similar Designation salaries in Life Insurance Corporation of India

unlock blur
₹2.3 L/yr - ₹10 L/yr
unlock blur
₹1.8 L/yr - ₹7 L/yr
unlock blur
₹2 L/yr - ₹6 L/yr
unlock blur
₹1.8 L/yr - ₹8.45 L/yr
unlock blur
₹2.4 L/yr - ₹5 L/yr
Inside Sales Executive Salary
(AmbitionBox Estimate)
unlock blur
₹0.3 L/yr - ₹0.3 L/yr
Medical Representative Salary
(AmbitionBox Estimate)
unlock blur
₹1.1 L/yr - ₹1.4 L/yr
Sales Executive Salary
(67 salaries)
unlock blur
₹1 L/yr - ₹6 L/yr
unlock blur
₹1.8 L/yr - ₹3 L/yr
unlock blur
₹2 L/yr - ₹4 L/yr

Top skills at Life Insurance Corporation of India for Business Development Associate

Investment Advisory Business Development Financial Advisory Sales insurance marketing Investment Products Sales Lead Generation Financial Services Sales

Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 2 employees for salary & benefits

Marketing Department

5.0
  •  posted on 12 Apr 2019

3.0
 for  Salary and Benefits

Likes

No office job, no fixed timings to sign in office, lot of scope to earn other than salary if worked appropriately, we are allowed to work in our own way i.e we can choose to do field job or digital marketing, once the work is done before time we can take leave for many days altogether.

read more
  • Job security - Good
  • +4 more

Dislikes

Not much salary increment according to the profile, high targets, no proper path way given to achieve targets, no confirmation till we achieve targets, no other benefits like food coupons, travel expenses, quarters till we get confirmed.

read more

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

read more
  • 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.

read more
  • Skill development - Poor
  • +2 more

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

read more
  • Promotions - Poor

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
  • Skill development - Poor
  • +5 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
  • 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.

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Life Insurance Corporation of India Business Development Associate Salary FAQs

How the salary growth look like for a Business Development Associate at Life Insurance Corporation of India in India?
The salary growth for a Business Development Associate at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Business Development Associate can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
2 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
9 years ₹9.0 Lakhs to ₹11.5 Lakhs per year
15 years ₹10.8 Lakhs to ₹13.8 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Business Development Associate salary in India ranges between ₹3 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.