Life Insurance Corporation of India Divisional Manager Salaries by 10+ Employees (Updated 2025)

20 - 33 years exp.

₹16 Lakhs - ₹25 Lakhs

Salary of majority employees

Fixed (72%)

₹14.2 Lakhs

Variable (28%)

₹5.5 Lakhs

13% more than the average Divisional Manager Salary in Insurance Companies for 20 - 33 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 20 - 33 years exp. (4 salaries)	₹16 L/yr - ₹18 L/yr
Marketing & Communication Divisional Manager Salary 31 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹25 L/yr
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Customer Success, Service & Operations Divisional Manager Salary 31 years exp. (AmbitionBox Estimate)	₹18.7 L/yr - ₹24 L/yr

Last Updated: 23 Jan 2025

Companies similar to Life Insurance Corporation of India for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (70 salaries)	₹4 L/yr - ₹14 L/yr 60% less
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (37 salaries)	₹12 L/yr - ₹25 L/yr 2% less
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Shriram Life Insurance Divisional Manager Salary 5 - 14 years exp. (11 salaries)	₹5.6 L/yr - ₹9.5 L/yr 66% less
Kotak Mahindara Life Insurance Divisional Manager Salary 14 - 20 years exp. (9 salaries)	₹13 L/yr - ₹20 L/yr 11% less
Bajaj Allianz Life Insurance Divisional Manager Salary 3 - 16 years exp. (6 salaries)	₹3.4 L/yr - ₹9.5 L/yr 63% less
National Insurance Company Divisional Manager Salary 9 - 12 years exp. (5 salaries)	₹12 L/yr - ₹28 L/yr 11% less
The New India Assurance Co. Divisional Manager Salary 12 - 24 years exp. (4 salaries)	₹10.7 L/yr - ₹22 L/yr 20% less
United India Insurance Company Divisional Manager Salary 9 - 13 years exp. (4 salaries)	₹12.5 L/yr - ₹23.2 L/yr 11% less
The Oriental Insurance Co. Divisional Manager Salary 10 - 15 years exp. (3 salaries)	₹12 L/yr - ₹13.4 L/yr 35% less

Divisional Manager salary at Life Insurance Corporation of India ranges between ₹16 Lakhs to ₹25 Lakhs per year for employees with experience between 20 years to 33 years. Salary estimates are based on 13 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Divisional Manager salaries

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
15+ years (13 salaries)	₹16 L/yr - ₹25 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

Regional Manager Salary

(5 salaries)

₹12 L/yr - ₹34.94 L/yr

Business Manager Salary

(5 salaries)

₹1 L/yr - ₹5.75 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Branch Manager Salary

(15 salaries)

₹9.65 L/yr - ₹31 L/yr

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.8 L/yr

Relationship Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Territory Manager Salary

(6 salaries)

₹4 L/yr - ₹11.5 L/yr

Sales Manager Salary

(12 salaries)

₹3.6 L/yr - ₹6.5 L/yr

Salary related reviews for Life Insurance Corporation of India

4.9

Rated by 15 employees for salary & benefits

Divisional Manager in Jaipur, Rajasthan, India

Customer Success, Service & Operations Department

5.0

• posted on 25 Aug 2020

5.0

for Salary and Benefits

Likes

...rking enviornment & culture.Management has been very supportive and transparent.In every 5 years, there is a salary hike which has been better than banks.Corporation's policies are good and appraisals are almost fair.

Salary - Excellent

+6 more

Dislikes

In every cadre , time period for promotions is very long.In some cadre it is 9 to 12 years.

Divisional Manager

BFSI, Investments & Trading Department

5.0

• posted on 26 Mar 2018

5.0

for Salary and Benefits

Likes

Team spirit is excellent . Training, job security, career growth, salary and appraisal are also excellent. There is no scope of politics in the institution. Excellent Working environment along with innovative ideas for development of personnel as well as corporation.

Salary - Excellent

+6 more

Dislikes

None

Divisional Manager in Kolkata

Teaching & Training Department

4.0

• posted on 18 Jun 2020

5.0

for Salary and Benefits

Likes

Good people, helpful seniors, good salary, help in skill development

Salary - Excellent

+4 more

Dislikes

Direct recruit and promotee divide.....preferential treatment to direct recruit officers.....perhaps coporate policy. In the marketing side there is imbalance in work-life.

Senior Business Development Manager

5.0

• posted on 25 Jul 2018

3.0

for Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

Skill development - Excellent

+5 more

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Life Insurance Corporation of India Divisional Manager Salary FAQs

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

The average salary of a Divisional Manager at Life Insurance Corporation of India in India typically ranges from ₹16.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 20 years to 33 years).

The top 10% of Divisional Manager at Life Insurance Corporation of India earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Divisional Manager Salaries at Life Insurance Corporation of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Divisional Manager at Life Insurance Corporation of India in India typically ranges from ₹1,30,175 to ₹1,34,786 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 20 years to 33 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a Divisional Manager at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company	₹12.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹13.0 Lakhs to ₹20.0 Lakhs per year
National Insurance Company	₹12.0 Lakhs to ₹28.0 Lakhs per year
United India Insurance Company	₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co.	₹10.7 Lakhs to ₹22.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
15 years	₹16.0 Lakhs to ₹25.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Divisional Manager Salaries

Life Insurance Corporation of India Divisional Manager salary in India ranges between ₹16 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.