Life Insurance Corporation of India Collection Officer Salaries by 4 Employees (Updated 2025)

3 - 4 years exp.

₹1.2 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Collection Officer Salary in Insurance Companies for 3 - 4 years of experience

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Salaries in different departments

Marketing & Communication Collection Officer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹1.3 L/yr - ₹2.5 L/yr
Customer Success, Service & Operations Collection Officer Salary 4 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.3 L/yr
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Finance & Accounting Collection Officer Salary 3 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.3 L/yr

Last Updated: 25 Jan 2025

Companies similar to Life Insurance Corporation of India for Collection Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Life Collection Officer Salary 3 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr 81% more
Star Health & Allied Insurance Collection Officer Salary 0 - 7 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 62% more
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HDB Financial Services Collection Officer Salary 0 - 8 years exp. (800 salaries)	₹1 L/yr - ₹4.5 L/yr 57% more	2 job openings
Dhani Loans and Services Collection Officer Salary 0 - 6 years exp. (679 salaries)	₹1.8 L/yr - ₹3.5 L/yr 63% more
HDFC Bank Collection Officer Salary 0 - 7 years exp. (363 salaries)	₹1.2 L/yr - ₹4.5 L/yr 65% more

Collection Officer salary at Life Insurance Corporation of India ranges between ₹1.2 Lakh to ₹2.5 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Collection Officer salaries

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.4 L/yr
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4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

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Salary related reviews for Life Insurance Corporation of India

3.0

Rated by 1 employees for salary & benefits

Data Entry Operator in Patna

Data Science & Analytics Department

5.0

• posted on 28 Dec 2021

5.0

for Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

Computer Operator in Lucknow

Nb department Department

5.0

• posted on 11 Oct 2021

2.0

for Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

Job security - Excellent

+3 more

Dislikes

Salary - Poor
Skill development - Poor

+1 more

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

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Life Insurance Corporation of India Collection Officer Salary FAQs

What is the salary of Collection Officer at Life Insurance Corporation of India?

Collection Officer salary at Life Insurance Corporation of India in India ranges between ₹1.2 Lakhs to ₹2.5 Lakhs for experience between 3 years to 4 years. According to our estimates it is 43% less than the average Collection Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.

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

The average salary of a Collection Officer at Life Insurance Corporation of India is 43% less than the average salary of a Collection Officer in India. To know exact salary insights, login to view.

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

HDFC Life Collection Officer Salary - ₹2.4 Lakhs to ₹3.0 Lakhs per year
HDFC Bank Collection Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
Dhani Loans and Services Collection Officer Salary - ₹1.8 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance Collection Officer Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Collection Officer at Life Insurance Corporation of India ranges between ₹10,538 per month to ₹11,665 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Collection Officer salary in India which ranges between ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience between 3 years to 4 years. Check how did we calculate take home salary?

What is the notice period for Collection Officer at Life Insurance Corporation of India?

According to AmbitionBox, 50% of the Life Insurance Corporation of India Collection Officers reported a notice period of 1 Month, 50% 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 Collection Officer Salaries

Life Insurance Corporation of India Collection Officer salary in India ranges between ₹1.2 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.