Life Insurance Corporation of India Deputy Manager Salaries by 5 Employees (Updated 2024)

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

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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 Life Deputy Manager Salary 2 - 15 years exp. (737 salaries)	₹3.5 L/yr - ₹12.1 L/yr 28% more
ICICI Prudential Life Insurance Deputy Manager Salary 1 - 7 years exp. (48 salaries)	₹2.4 L/yr - ₹9.5 L/yr 20% less
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SBI Life Insurance Company Deputy Manager Salary 1 - 9 years exp. (39 salaries)	₹2.4 L/yr - ₹8.5 L/yr 12% less
Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (695 salaries)	₹2.4 L/yr - ₹9 L/yr 17% less	25 job openings
Bajaj Allianz Life Insurance Deputy Manager Salary 2 - 16 years exp. (333 salaries)	₹4.5 L/yr - ₹16.5 L/yr 69% more
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (889 salaries)	₹2 L/yr - ₹5.7 L/yr 35% less
Reliance Nippon Life Insurance Deputy Manager Salary 3 - 16 years exp. (62 salaries)	₹3.7 L/yr - ₹12.6 L/yr 16% more
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹10.5 L/yr 7% less
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (104 salaries)	₹3.9 L/yr - ₹12.6 L/yr 26% more
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (160 salaries)	₹3.2 L/yr - ₹10 L/yr 1% more
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (920 salaries)	₹3 L/yr - ₹10.5 L/yr 5% less
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Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (229 salaries)	₹4 L/yr - ₹12.6 L/yr 28% more
Star Health & Allied Insurance Deputy Manager Salary 2 - 13 years exp. (182 salaries)	₹3 L/yr - ₹9.3 L/yr 2% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 17 years exp. (165 salaries)	₹6.9 L/yr - ₹16 L/yr 100% more	1 job opening
Cholamandalam MS General Insurance Deputy Manager Salary 5 - 11 years exp. (48 salaries)	₹4 L/yr - ₹11.2 L/yr 38% more
Shriram Life Insurance Deputy Manager Salary 3 - 14 years exp. (43 salaries)	₹4 L/yr - ₹10 L/yr 2% more
Allianz Partners Deputy Manager Salary 4 - 14 years exp. (41 salaries)	₹7 L/yr - ₹14 L/yr 58% more	1 job opening
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 14 years exp. (24 salaries)	₹4.6 L/yr - ₹8 L/yr 10% more
ICICI Lombard General Insurance Company Deputy Manager Salary 3 - 13 years exp. (21 salaries)	₹3.5 L/yr - ₹11.5 L/yr 8% more
Care Health Insurance Deputy Manager Salary 2 - 10 years exp. (17 salaries)	₹4 L/yr - ₹10 L/yr 4% 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
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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

(18 salaries)

₹7.6 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

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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.

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

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.

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.

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.

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.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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?

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
The Oriental Insurance Co. Deputy Manager Salary - ₹15.0 Lakhs to ₹21.0 Lakhs per year
Bajaj Allianz General Insurance Deputy Manager Salary - ₹6.9 Lakhs to ₹16.0 Lakhs per year

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

Bajaj Allianz 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
Allianz Deputy Manager Salary - ₹6.6 Lakhs to ₹12.2 Lakhs per year
Cholamandalam MS General Insurance Deputy Manager Salary - ₹4.0 Lakhs to ₹11.2 Lakhs per year
HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹12.1 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.

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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.