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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Business Development Officer salaries in Chennai

Annual salary range
4 - 9 years exp.
₹7.3 Lakhs - ₹10 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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116% more than the average Business Development Officer Salary in Insurance Companies for 4 - 9 years of experience

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Last Updated: 29 Sep 2024

Companies similar to Life Insurance Corporation of India for Business Development Officer in Chennai

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Life Insurance Corporation of India Business Development Officer Salary

4 - 9 years exp. (3 salaries)

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₹7.3 L/yr - ₹10 L/yr

vs
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₹1.6 L/yr - ₹4 L/yr

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6 job openings
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₹1.5 L/yr - ₹3 L/yr

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₹3.5 L/yr - ₹5 L/yr

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₹3.5 L/yr - ₹4.5 L/yr

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₹2.2 L/yr - ₹4 L/yr

arrow icon 69% less
Business Development Officer salary at Life Insurance Corporation of India ranges between ₹7.3 Lakhs to ₹10 Lakhs per year for employees with experience between 4 years to 9 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 Officer in Chennai

4mo ago
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4 years exp.
6mo ago
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4 years exp.
8mo ago
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9 years exp.

Experience wise Life Insurance Corporation of India Business Development Officer salaries in Chennai

Last Updated: 29 Sep 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)

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₹6.9 L/yr - ₹8.8 L/yr
6 years (AmbitionBox Estimate)

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₹6.9 L/yr - ₹8.9 L/yr
7 years (AmbitionBox Estimate)

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₹7 L/yr - ₹8.9 L/yr
8 years (AmbitionBox Estimate)

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₹7 L/yr - ₹9 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹4 L/yr - ₹12 L/yr
Agent Salary
(6 salaries)
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₹1.05 L/yr - ₹5 L/yr
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₹2.4 L/yr - ₹3.6 L/yr
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₹1.2 L/yr - ₹2.5 L/yr

Salary related reviews for Life Insurance Corporation of India

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

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

read more
  • 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

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
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Life Insurance Corporation of India Business Development Officer Salary FAQs

What is the notice period for Business Development Officer at Life Insurance Corporation of India in Chennai?
According to AmbitionBox, 100% of the Life Insurance Corporation of India Business Development Officers in Chennai reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Business Development Officer salary in Chennai ranges between ₹7.3 Lakhs to ₹10 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.