Life Insurance Corporation of India Development Manager Salaries by 4 Employees (Updated 2025)

1 - 12 years exp.

₹2.4 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

59% less than the average Development Manager Salary in Insurance Companies for 1 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Development Manager Salary 2 - 10 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.2 L/yr
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Sales & Business Development Development Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 15 Mar 2023

Companies similar to Life Insurance Corporation of India for Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Development Manager Salary 0 - 6 years exp. (18 salaries)	₹2.6 L/yr - ₹4.3 L/yr 39% less
ICICI Prudential Life Insurance Development Manager Salary 1 - 10 years exp. (133 salaries)	₹2.2 L/yr - ₹4.7 L/yr 27% less
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SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (335 salaries)	₹1.8 L/yr - ₹4.5 L/yr 39% less	2 job openings
Axis Max Life Insurance Development Manager Salary 0 - 12 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 30% less
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 26% less
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (54 salaries)	₹3.2 L/yr - ₹4.7 L/yr 24% less
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 48% less	2 job openings
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 72% more
ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (64 salaries)	₹2.8 L/yr - ₹4.3 L/yr 39% less
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 6% more
Shriram Life Insurance Development Manager Salary 14 - 21 years exp. (4 salaries)	₹3.7 L/yr - ₹4 L/yr 32% less
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Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 27% less

Development Manager salary at Life Insurance Corporation of India ranges between ₹2.4 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Development Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4.2 L/yr
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3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹12.7 L/yr
11 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹12 L/yr

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Similar Designation salaries in Life Insurance Corporation of India

Project Manager Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Product Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.7 L/yr

Software Development Manager Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Engineering Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Software Engineer Salary

(3 salaries)

₹4.5 L/yr - ₹30 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Salary related reviews for Life Insurance Corporation of India

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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an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Life Insurance Corporation of India Development Manager Salary FAQs

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

Development Manager salary at Life Insurance Corporation of India in India ranges between ₹2.4 Lakhs to ₹8.0 Lakhs for experience between 1 years to 12 years. According to our estimates it is 59% less than the average Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Development Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Development Manager at Life Insurance Corporation of India is 59% less than the average salary of a Development 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 Development Manager in India?

Tata AIA Life Insurance Development Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance Development Manager Salary - ₹5.0 Lakhs to ₹6.7 Lakhs per year

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

Kotak Mahindara Life Insurance Development Manager Salary - ₹3.2 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance Development Manager Salary - ₹3.5 Lakhs to ₹4.5 Lakhs per year
Star Health & Allied Insurance Development Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance Development Manager Salary - ₹2.2 Lakhs to ₹4.7 Lakhs per year
Axis Max Life Insurance Development Manager Salary - ₹2.7 Lakhs to ₹5.1 Lakhs per year

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

The estimated take-home salary of a Development Manager at Life Insurance Corporation of India ranges between ₹40,701 per month to ₹41,856 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Development Manager salary in India which ranges between ₹2.4 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?

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Life Insurance Corporation of India Development Manager Salaries by Location

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Life Insurance Corporation of India Development Manager Salaries

Life Insurance Corporation of India Development Manager salary in India ranges between ₹2.4 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Development Manager salaries in India

Companies similar to Life Insurance Corporation of India for Development Manager

Latest annual salaries shared by Life Insurance Corporation of India Development Manager

Experience wise Life Insurance Corporation of India Development Manager salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Development Officer in Birbhum

Life Insurance Corporation of India Development Manager Salary FAQs

Tell us how to improve this page.

Life Insurance Corporation of India Development Manager Salaries by Location