Life Insurance Corporation of India Business Manager Salaries by 5 Employees (Updated 2024)

0 - 5 years exp.

₹1 Lakh - ₹5.8 Lakhs

Low Confidence

Salary of majority employees

77% less than the average Business Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Manager Salary 0 - 5 years exp. (AmbitionBox Estimate)	₹1 L/yr - ₹5.8 L/yr
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Marketing & Communication Business Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 2 Dec 2024

Companies similar to Life Insurance Corporation of India for Business Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Manager Salary 3 - 15 years exp. (10 salaries)	₹2.4 L/yr - ₹10 L/yr 101% more
ICICI Prudential Life Insurance Business Manager Salary 0 - 8 years exp. (9 salaries)	₹3.1 L/yr - ₹4 L/yr 48% more
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SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (31 salaries)	₹4.4 L/yr - ₹8.5 L/yr 158% more
Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	₹3.1 L/yr - ₹6.4 L/yr 70% more
Bajaj Allianz Life Insurance Business Manager Salary 7 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 78% more
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 93% more
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (20 salaries)	₹5.6 L/yr - ₹10.6 L/yr 216% more
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 123% more
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 209% more
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (51 salaries)	₹3 L/yr - ₹5 L/yr 48% more
Cholamandalam MS General Insurance Business Manager Salary 3 - 11 years exp. (13 salaries)	₹4 L/yr - ₹6.5 L/yr 117% more
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ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 99% more
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 82% more
Care Health Insurance Business Manager Salary 3 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹5.1 L/yr 65% more
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 276% more

Business Manager salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹5.8 Lakhs per year for employees with less than 1 year of experience to 5 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 Manager salaries

Last Updated: 2 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹1 L/yr
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹1.2 L/yr
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2 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹1 L/yr - ₹5.2 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.8 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Branch Manager Salary

(18 salaries)

₹7.6 L/yr - ₹28 L/yr

Sales Manager Salary

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₹2 L/yr - ₹6.5 L/yr

Regional Manager Salary

(5 salaries)

₹12 L/yr - ₹34.94 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Territory Manager Salary

(6 salaries)

₹4 L/yr - ₹11.5 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.8 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Salary related reviews for Life Insurance Corporation of India

5.0

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

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

Dislikes

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

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.

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

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.

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.

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.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Life Insurance Corporation of India Business Manager Salary FAQs

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

Business Manager salary at Life Insurance Corporation of India in India ranges between ₹1.0 Lakhs to ₹5.8 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 77% less than the average Business Manager 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 Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Business Manager at Life Insurance Corporation of India is 77% less than the average salary of a Business Manager 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 Manager in India?

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
Tata AIA Life Insurance Business Manager Salary - ₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company Business Manager Salary - ₹4.4 Lakhs to ₹8.5 Lakhs per year
PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year

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

Cholamandalam MS General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
HDFC Life Business Manager Salary - ₹2.4 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company Business Manager Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance Business Manager Salary - ₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹6.3 Lakhs per year

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

The estimated take-home salary of a Business Manager at Life Insurance Corporation of India ranges between ₹17,956 per month to ₹19,650 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Business Manager salary in India which ranges between ₹1.0 Lakhs to ₹5.8 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 Business Manager at Life Insurance Corporation of India?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Business Managers 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 Manager Salaries

Life Insurance Corporation of India Business Manager salary in India ranges between ₹1 Lakh to ₹5.8 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.