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

Avg. annual salary

Monthly In-hand Salary

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. (788 salaries)	₹1 L/yr - ₹4.5 L/yr 53% more	2 job openings
Dhani Loans and Services Collection Officer Salary 0 - 6 years exp. (680 salaries)	₹1.8 L/yr - ₹3.5 L/yr 62% more
HDFC Bank Collection Officer Salary 0 - 8 years exp. (362 salaries)	₹1.2 L/yr - ₹4 L/yr 66% 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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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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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 ?

The average salary of a Collection Officer at Life Insurance Corporation of India in India typically ranges from ₹1.2 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 3 years to 4 years).

The top 10% of Collection Officer at Life Insurance Corporation of India earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Collection Officer 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 estimates are based on salary data submitted by 4 Life Insurance Corporation of India employees in India.

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 in India typically ranges from ₹10,538 to ₹11,665 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 3 years to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Life Insurance Corporation of India for Collection Officer in India?

HDFC Life	₹2.4 Lakhs to ₹3.0 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹4.0 Lakhs per year
Dhani Loans and Services	₹1.8 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance	₹2.2 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services	₹1.0 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.

How the salary growth look like for a Collection Officer at Life Insurance Corporation of India in India?

The salary growth for a Collection Officer at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Collection Officer can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
3 years	₹1.1 Lakhs to ₹1.4 Lakhs per year
4 years	₹1.7 Lakhs to ₹2.1 Lakhs per year

and so on.

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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.