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

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₹13.5 Lakhs - ₹17.2 Lakhs

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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 0 - 15 years exp. (476 salaries)	₹3.5 L/yr - ₹12.5 L/yr 47% less	1 job opening
ICICI Prudential Life Insurance Deputy Manager Salary 1 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 63% less
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SBI Life Insurance Company Deputy Manager Salary 2 - 15 years exp. (7 salaries)	₹4.5 L/yr - ₹10 L/yr 54% less
Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (70 salaries)	₹3.2 L/yr - ₹7.7 L/yr 66% less	16 job openings
Bajaj Allianz Life Insurance Deputy Manager Salary 2 - 15 years exp. (70 salaries)	₹5 L/yr - ₹16.3 L/yr 31% less
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (407 salaries)	₹2 L/yr - ₹5.7 L/yr 72% less	2 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
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (6 salaries)	₹2 L/yr - ₹8 L/yr 64% less
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (49 salaries)	₹4 L/yr - ₹11.2 L/yr 43% less	2 job openings
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (66 salaries)	₹3.2 L/yr - ₹10 L/yr 57% less
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (250 salaries)	₹3.5 L/yr - ₹10.3 L/yr 60% less
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Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (139 salaries)	₹4.2 L/yr - ₹12.6 L/yr 47% less
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 15 years exp. (14 salaries)	₹5 L/yr - ₹9.5 L/yr 52% less
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 58% less
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹11 L/yr 53% 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. (8 salaries)	₹9.5 L/yr - ₹14 L/yr 16% less	2 job openings
Cholamandalam MS General Insurance Deputy Manager Salary 5 - 11 years exp. (7 salaries)	₹6 L/yr - ₹11 L/yr 44% less
The New India Assurance Co. Deputy Manager Salary 7 - 14 years exp. (4 salaries)	₹20 L/yr - ₹26 L/yr 44% more
National Insurance Company Deputy Manager Salary 10 - 12 years exp. (4 salaries)	₹21 L/yr - ₹24 L/yr 47% 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.

Similar Designation salaries in 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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Life Insurance Corporation of India Deputy Manager Salary FAQs

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

According to AmbitionBox, 100% of the Life Insurance Corporation of India Deputy Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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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.