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Life Insurance Corporation of India Salaries in Chennai (Updated 2025)

based on 145 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Marketing & Communication Sales & Business Development Customer Success, Service & Operations + 3 more
Designation Avg Annual Salary Open Jobs
3 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹1.2 L/yr - ₹2.3 L/yr

0 - 3 years exp. · Chennai (AmbitionBox Estimate)
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₹1.3 L/yr - ₹1.7 L/yr

30 - 31 years exp. · Chennai (AmbitionBox Estimate)
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₹16.2 L/yr - ₹28 L/yr

2 - 3 years exp. · Chennai (AmbitionBox Estimate)
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₹2.5 L/yr - ₹5 L/yr

7 - 15 years exp. · Chennai (AmbitionBox Estimate)
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₹8 L/yr - ₹14 L/yr

14 - 25 years exp. · Chennai (AmbitionBox Estimate)
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₹6.7 L/yr - ₹10 L/yr

1 - 3 years exp. · Chennai (AmbitionBox Estimate)
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₹2 L/yr - ₹2.4 L/yr

3 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr

3 - 6 years exp. · Chennai (AmbitionBox Estimate)
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₹2 L/yr - ₹3 L/yr

7 years exp. · Chennai (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr

12 years exp. · Chennai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

4 years exp. · Chennai (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr

4 years exp. · Chennai (AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr

Fresher · Chennai (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr

1 year exp. · Chennai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

31 years exp. · Chennai (AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr

5 years exp. · Chennai (AmbitionBox Estimate)
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₹5.2 L/yr - ₹6.6 L/yr

1 year exp. · Chennai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

31 years exp. · Chennai (AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr

3 years exp. · Chennai (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr

Last Updated: 23 Mar, 2025

Salary related reviews for Life Insurance Corporation of India

4.3

Rated by 25 employees for salary & benefits

Sales & Marketing Department

3.0
  •  posted on 10 Mar 2022

4.0
 for  Salary and Benefits

Likes

The pay the corporation given is satisfactory. and you will get some complimentary over a period

read more
  • Salary - Good
  • +1 more

Dislikes

They make you to do missell the products that you know it is not what they told you. And you will get so much pressure to meet the target which lies above your head so there is no work balanced life..And there is job threat if can't metup with the target.

read more
  • Job security - Bad
  • +3 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

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  • 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.

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  • 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

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  • 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.

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  • 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.

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  • 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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Life Insurance Corporation of India interview questions by designations

Life Insurance Corporation of India Salary FAQs

How much does Life Insurance Corporation of India pay to its employees?
The average annual salary at Life Insurance Corporation of India varies depending on the role, experience, and location. The salary ranges for some popular designations at Life Insurance Corporation of India, are as follows:

Temporary Staff ₹1.2 Lakhs to ₹2.3 Lakhs per year
Tele Sales Executive ₹1.3 Lakhs to ₹1.7 Lakhs per year
Branch Manager ₹16.2 Lakhs to ₹28 Lakhs per year
Customer Service Executive ₹2.5 Lakhs to ₹5 Lakhs per year

The highest-paying role, Senior Business Associate, earns between ₹14 Lakhs to ₹35 Lakhs per year. The top 10% of employees earn more than ₹10 Lakhs per year, and the top 1% earn over ₹31.6 Lakhs per year. Salaries at Life Insurance Corporation of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 145 salaries submitted by Life Insurance Corporation of India employees. Life Insurance Corporation of India is rated 4.3 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Life Insurance Corporation of India in Chennai?
The salary of a fresher at Life Insurance Corporation of India in Chennai typically ranges from ₹1.2 Lakh to ₹10.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Development Officer Salary ₹4 Lakhs to ₹10.5 Lakhs per year
Fresher as a Financial Advisor Salary ₹1.2 Lakhs to ₹4.5 Lakhs per year
Fresher as a Telecalling Executive Salary ₹1.2 Lakhs to ₹1.9 Lakhs per year
Fresher as a Probationary Development Officer Salary ₹6 Lakhs to ₹8 Lakhs per year

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Average annual salary in Life Insurance Corporation of India , Chennai is INRunlock blur . Salary estimates are based on 100+ Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

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