Life Insurance Corporation of India Finance Manager Salaries by 3 Employees

3 - 6 years exp.

₹2.6 Lakhs - ₹4.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

79% less than the average Finance Manager Salary in Insurance Companies for 3 - 6 years of experience

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Last Updated: 15 Jul 2024

Companies similar to Life Insurance Corporation of India for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Finance Manager Salary 1 - 6 years exp. (98 salaries)	₹2.3 L/yr - ₹4.7 L/yr 2% more
Axis Max Life Insurance Finance Manager Salary 0 - 12 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 22% more
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HDFC Life Finance Manager Salary 1 - 5 years exp. (12 salaries)	₹2.3 L/yr - ₹4.5 L/yr At par
AIG Finance Manager Salary 7 - 14 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 351% more
ICICI Lombard General Insurance Company Finance Manager Salary 1 - 7 years exp. (6 salaries)	₹10 L/yr - ₹10.6 L/yr 186% more
HDFC Ergo General Insurance Finance Manager Salary 8 - 18 years exp. (6 salaries)	₹9.8 L/yr - ₹15.7 L/yr 237% more
Reliance Nippon Life Insurance Finance Manager Salary 0 - 6 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 51% less
Aditya Birla Sun Life Insurance Finance Manager Salary 2 - 9 years exp. (5 salaries)	₹3.8 L/yr - ₹10.7 L/yr 106% more
Bajaj Allianz Life Insurance Finance Manager Salary 5 - 18 years exp. (5 salaries)	₹13.5 L/yr - ₹18 L/yr 317% more
Kotak Mahindara Life Insurance Finance Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 21% less
Bajaj Allianz General Insurance Finance Manager Salary 14 - 24 years exp. (4 salaries)	₹17 L/yr - ₹21 L/yr 418% more
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SBI Life Insurance Company Finance Manager Salary 10 - 15 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 184% more
Star Health & Allied Insurance Finance Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹14 L/yr 143% more
Shriram Life Insurance Finance Manager Salary 1 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹5 L/yr 9% less

Finance Manager salary at Life Insurance Corporation of India ranges between ₹2.6 Lakhs to ₹4.1 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Finance Manager salaries

Last Updated: 15 Jul 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Branch Manager Salary

(15 salaries)

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Sales Manager Salary

(12 salaries)

₹3.6 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Branch Sales Manager Salary

(6 salaries)

₹3 L/yr - ₹9.9 L/yr

Branch Head Salary

(7 salaries)

₹8 L/yr - ₹23.86 L/yr

Relationship Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5 L/yr

Sales Officer Salary

(11 salaries)

₹1 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

Finance Executive in Udaipur

BFSI, Investments & Trading Department

5.0

• posted on 10 May 2018

2.0

for Salary and Benefits

Likes

...d Pratapgarh branch in post financial services executive Banccassurence channel.its company no job security and no career growth, and no salary enough,. This company good work environment and innovation.

Skill development - Excellent

+2 more

Dislikes

The Lic of India a big company insurance sector but no job security and life . The Lic of India a chitting company for employee because a large employee selections contractual basis employee and any time works out in company.

Salary - Poor

+3 more

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.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Life Insurance Corporation of India Finance Manager Salary FAQs

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

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

Experience	Average Salary Range
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
5 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
6 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

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Life Insurance Corporation of India Finance Manager Salaries

Life Insurance Corporation of India Finance Manager salary in India ranges between ₹2.6 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.