Life Insurance Corporation of India Deputy Manager Salaries by 5 Employees

2 - 12 years exp.

₹2.4 Lakhs - ₹9.3 Lakhs

Low Confidence

Salary of majority employees

36% less than the average Deputy Manager Salary in Insurance Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
Finance & Accounting Deputy Manager Salary 9 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr
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Sales & Business Development Deputy Manager Salary 2 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr

Last Updated: 6 Nov 2024

Companies similar to Life Insurance Corporation of India for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (1k salaries)	₹3.2 L/yr - ₹10.3 L/yr 5% less
Axis Max Life Insurance Deputy Manager Salary 0 - 15 years exp. (825 salaries)	₹2.4 L/yr - ₹8.5 L/yr 15% less	19 job openings
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Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (762 salaries)	₹2 L/yr - ₹5.7 L/yr 35% less
HDFC Life Deputy Manager Salary 0 - 15 years exp. (827 salaries)	₹3.5 L/yr - ₹12.2 L/yr 27% more
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (331 salaries)	₹5 L/yr - ₹16.5 L/yr 66% more
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (253 salaries)	₹4 L/yr - ₹12.6 L/yr 27% more
Star Health & Allied Insurance Deputy Manager Salary 1 - 13 years exp. (205 salaries)	₹2.7 L/yr - ₹10 L/yr 2% less
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (193 salaries)	₹2.9 L/yr - ₹10 L/yr 1% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 16 years exp. (166 salaries)	₹7.5 L/yr - ₹16 L/yr 99% more	3 job openings
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (66 salaries)	₹4 L/yr - ₹11.3 L/yr 39% more
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (64 salaries)	₹3.7 L/yr - ₹12.4 L/yr 15% more
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ICICI Prudential Life Insurance Deputy Manager Salary 0 - 7 years exp. (53 salaries)	₹2.3 L/yr - ₹8 L/yr 21% less
Shriram Life Insurance Deputy Manager Salary 3 - 15 years exp. (44 salaries)	₹4 L/yr - ₹10 L/yr 12% more
Allianz Partners Deputy Manager Salary 4 - 12 years exp. (40 salaries)	₹7 L/yr - ₹14 L/yr 57% more
SBI Life Insurance Company Deputy Manager Salary 2 - 15 years exp. (38 salaries)	₹2.5 L/yr - ₹10 L/yr 3% more
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 15 years exp. (26 salaries)	₹4.7 L/yr - ₹9.5 L/yr 15% more
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (15 salaries)	₹3.2 L/yr - ₹8 L/yr 10% less
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (15 salaries)	₹4.7 L/yr - ₹13.3 L/yr 19% more
United India Insurance Company Deputy Manager Salary 10 - 14 years exp. (14 salaries)	₹11 L/yr - ₹24 L/yr 206% more
National Insurance Company Deputy Manager Salary 8 - 12 years exp. (11 salaries)	₹17 L/yr - ₹25 L/yr 212% more

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Deputy Manager salary at Life Insurance Corporation of India ranges between ₹2.4 Lakhs to ₹9.3 Lakhs per year for employees with experience between 2 years to 12 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 Deputy Manager salaries

Last Updated: 6 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.6 L/yr
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
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4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹13.4 L/yr
10 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹16.7 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Team Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Branch Manager Salary

(15 salaries)

₹9.65 L/yr - ₹31 L/yr

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 L/yr

Service Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Operations Manager Salary

(4 salaries)

₹2 L/yr - ₹2.5 L/yr

Deputy Manager Grade 2 Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Relationship Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5 L/yr

Team Lead Salary

(17 salaries)

₹1.4 L/yr - ₹4 L/yr

Salary related reviews for Life Insurance Corporation of India

3.5

Rated by 2 employees for salary & benefits

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

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.

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.

Development Officer in Birbhum

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2022

4.0

for Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Salary - Good

+1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

Job security - Bad

+4 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Life Insurance Corporation of India Deputy Manager Salary FAQs

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

The average salary of a Deputy Manager at Life Insurance Corporation of India in India typically ranges from ₹2.4 Lakhs to ₹9.3 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Deputy Manager at Life Insurance Corporation of India earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Deputy Manager 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 5 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Deputy Manager at Life Insurance Corporation of India in India typically ranges from ₹47,172 to ₹48,289 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹9.3 Lakhs per year for employees with experience ranging from 2 years to 12 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 5 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 Deputy Manager in India?

The New India Assurance Co.	₹17.0 Lakhs to ₹26.0 Lakhs per year
National Insurance Company	₹17.0 Lakhs to ₹25.0 Lakhs per year
United India Insurance Company	₹11.0 Lakhs to ₹24.0 Lakhs per year
General Insurance Corporation of India	₹12.0 Lakhs to ₹30.0 Lakhs per year
The Oriental Insurance Co.	₹15.0 Lakhs to ₹21.0 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.

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

The salary of a Deputy Manager at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz General Insurance	₹7.5 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹16.5 Lakhs per year
Allianz Partners	₹7.0 Lakhs to ₹14.0 Lakhs per year
Allianz	₹6.6 Lakhs to ₹12.2 Lakhs per year
Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹11.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹5.6 Lakhs per year
3 years	₹1.5 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
5 years	₹4.5 Lakhs to ₹5.7 Lakhs per year

and so on.

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Life Insurance Corporation of India Deputy Manager Salaries

Life Insurance Corporation of India Deputy Manager salary in India ranges between ₹2.4 Lakhs to ₹9.3 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.