Life Insurance Corporation of India Deputy Manager Salaries by 5 Employees (Updated 2025)

2 - 12 years exp.

₹2.4 Lakhs - ₹9.3 Lakhs

Low Confidence

Salary of majority employees

35% less than the average Deputy Manager Salary in Insurance Companies for 2 - 12 years of experience

Interested in this particular role?

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
Login to view exact salary
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 Life Deputy Manager Salary 0 - 15 years exp. (816 salaries)	₹3.5 L/yr - ₹12.5 L/yr 28% more
ICICI Prudential Life Insurance Deputy Manager Salary 0 - 7 years exp. (49 salaries)	₹2.3 L/yr - ₹8 L/yr 20% less
Login to view exact salary
SBI Life Insurance Company Deputy Manager Salary 2 - 15 years exp. (38 salaries)	₹2.5 L/yr - ₹10 L/yr 3% more
Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (790 salaries)	₹2.4 L/yr - ₹9 L/yr 17% less	16 job openings
Bajaj Allianz Life Insurance Deputy Manager Salary 2 - 16 years exp. (320 salaries)	₹4.5 L/yr - ₹16.5 L/yr 69% more
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (732 salaries)	₹2 L/yr - ₹5.7 L/yr 33% less	2 job openings
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (64 salaries)	₹3.7 L/yr - ₹12.4 L/yr 15% more
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (16 salaries)	₹2 L/yr - ₹8 L/yr 12% less
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (123 salaries)	₹3.9 L/yr - ₹11 L/yr 23% more	1 job opening
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (189 salaries)	₹2.9 L/yr - ₹10 L/yr 2% more
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (942 salaries)	₹3 L/yr - ₹10 L/yr 6% less
Login to view exact salary
Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (226 salaries)	₹4 L/yr - ₹12.6 L/yr 28% more
Star Health & Allied Insurance Deputy Manager Salary 2 - 13 years exp. (205 salaries)	₹3 L/yr - ₹8.8 L/yr 3% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 16 years exp. (162 salaries)	₹6.9 L/yr - ₹16 L/yr 102% more	1 job opening
Shriram Life Insurance Deputy Manager Salary 3 - 15 years exp. (44 salaries)	₹4 L/yr - ₹10 L/yr 6% more
Cholamandalam MS General Insurance Deputy Manager Salary 5 - 11 years exp. (42 salaries)	₹5 L/yr - ₹11.2 L/yr 46% more
Allianz Partners Deputy Manager Salary 4 - 12 years exp. (39 salaries)	₹7 L/yr - ₹14 L/yr 57% more
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 15 years exp. (26 salaries)	₹4.7 L/yr - ₹9.5 L/yr 15% more
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (14 salaries)	₹4.7 L/yr - ₹11 L/yr 16% more
United India Insurance Company Deputy Manager Salary 10 - 14 years exp. (14 salaries)	₹11 L/yr - ₹24 L/yr 206% more

View all

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
Login to view exact salary
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

(14 salaries)

₹15.31 L/yr - ₹28 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 - ₹4.5 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

Got a question about Life Insurance Corporation of India?

Ask anonymously on communities.

Life Insurance Corporation of India Deputy Manager Salary FAQs

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

Deputy Manager salary at Life Insurance Corporation of India in India ranges between ₹2.4 Lakhs to ₹9.3 Lakhs for experience between 2 years to 12 years. According to our estimates it is 35% less than the average Deputy 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 Deputy Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Deputy Manager at Life Insurance Corporation of India is 35% less than the average salary of a Deputy 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 Deputy Manager in India?

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

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

Bajaj Allianz General Insurance Deputy Manager Salary - ₹6.9 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance Deputy Manager Salary - ₹4.5 Lakhs to ₹16.5 Lakhs per year
Allianz Partners Deputy Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Cholamandalam MS General Insurance Deputy Manager Salary - ₹5.0 Lakhs to ₹11.2 Lakhs per year
Allianz Deputy Manager Salary - ₹6.6 Lakhs to ₹12.2 Lakhs per year

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 ranges between ₹47,172 per month to ₹48,289 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Deputy Manager salary in India which ranges between ₹2.4 Lakhs to ₹9.3 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager at Life Insurance Corporation of India?

According to AmbitionBox, 67% of the Life Insurance Corporation of India Deputy Managers reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Deputy Manager Salaries by Location

Home >
Salaries >
Life Insurance Corporation of India Salaries >
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.