Life Insurance Corporation of India Mumbai Deputy Manager Salaries by Employees

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₹13.5 Lakhs - ₹17.2 Lakhs

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Avg. annual salary (AmbitionBox Estimate)

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Last Updated: 6 Nov 2024

Companies similar to Life Insurance Corporation of India for Deputy Manager in Mumbai

Life Insurance Corporation of India Deputy Manager Salary

9 years exp. (AmbitionBox Estimate)

₹13.5 L/yr - ₹17.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Salary 2 - 15 years exp. (435 salaries)	₹3.5 L/yr - ₹14.4 L/yr 46% less
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (434 salaries)	₹2.3 L/yr - ₹5.7 L/yr 72% less
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (260 salaries)	₹3 L/yr - ₹10.3 L/yr 60% less
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (146 salaries)	₹4.2 L/yr - ₹12.6 L/yr 49% less
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (72 salaries)	₹5 L/yr - ₹16.5 L/yr 29% less
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (69 salaries)	₹3.2 L/yr - ₹10 L/yr 55% less
Axis Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (68 salaries)	₹3.2 L/yr - ₹7.7 L/yr 65% less	19 job openings
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (53 salaries)	₹3.7 L/yr - ₹14.4 L/yr 43% less
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 15 years exp. (14 salaries)	₹5 L/yr - ₹9.5 L/yr 51% less
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 56% less
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (10 salaries)	₹5.6 L/yr - ₹11 L/yr 44% less
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ICICI Prudential Life Insurance Deputy Manager Salary 1 - 6 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 64% less
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹11 L/yr 52% less
General Insurance Corporation of India Deputy Manager Salary 5 - 10 years exp. (9 salaries)	₹12 L/yr - ₹30 L/yr 21% more
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 14 years exp. (9 salaries)	₹9.5 L/yr - ₹15 L/yr 16% less	4 job openings
SBI Life Insurance Company Deputy Manager Salary 2 - 15 years exp. (7 salaries)	₹4.5 L/yr - ₹10 L/yr 54% less
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (5 salaries)	₹3.2 L/yr - ₹8 L/yr 62% less
National Insurance Company Deputy Manager Salary 10 - 12 years exp. (4 salaries)	₹21 L/yr - ₹24 L/yr 41% more

Deputy Manager salary at Life Insurance Corporation of India ranges between ₹13.5 Lakhs to ₹17.2 Lakhs per year for employees with 9 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Life Insurance Corporation of India.

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Salary related reviews for Life Insurance Corporation of India

3.0

Rated by 1 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

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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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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Life Insurance Corporation of India Deputy Manager Salary FAQs

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

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

Experience	Average Salary Range
9 years	₹13.5 Lakhs to ₹17.2 Lakhs per year

and so on.

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Life Insurance Corporation of India Deputy Manager Salaries in Mumbai

Life Insurance Corporation of India Deputy Manager salary in Mumbai ranges between ₹13.5 Lakhs to ₹17.2 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.