Life Insurance Corporation of India Chennai Financial Advisor Salaries by 3 Employees

5 - 7 years exp.

₹2.4 Lakhs - ₹3.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

46% less than the average Financial Advisor Salary in Insurance Companies for 5 - 7 years of experience

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Last Updated: 27 Aug 2023

Companies similar to Life Insurance Corporation of India for Financial Advisor in Chennai

Life Insurance Corporation of India Financial Advisor Salary

5 - 7 years exp. (3 salaries)

₹2.4 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Financial Advisor Salary 1 - 5 years exp. (5 salaries)	₹3.1 L/yr - ₹4 L/yr 26% more
SBI Life Insurance Company Financial Advisor Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹4.1 L/yr 8% less
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Shriram Life Insurance Financial Advisor Salary 0 - 2 years exp. (3 salaries)	₹1.9 L/yr - ₹2.2 L/yr 33% less
HDFC Life Financial Advisor Salary 6 - 10 years exp. (3 salaries)	₹3.7 L/yr - ₹4.3 L/yr 35% more
Shell Financial Advisor Salary 6 - 12 years exp. (34 salaries)	₹16.6 L/yr - ₹38 L/yr 801% more

Financial Advisor salary at Life Insurance Corporation of India ranges between ₹2.4 Lakhs to ₹3.6 Lakhs per year for employees with experience between 5 years to 7 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 Financial Advisor salaries in Chennai

Last Updated: 27 Aug 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Development Officer Salary

(23 salaries)

₹4.2 L/yr - ₹12 L/yr

Agent Salary

(6 salaries)

₹1.05 L/yr - ₹5 L/yr

Office Assistant Salary

(3 salaries)

₹1.2 L/yr - ₹2.5 L/yr

Top skills at Life Insurance Corporation of India for Financial Advisor

Finance Communication Skills Insurance Sales Financial Sales Insurance Life Insurance General Insurance Insurance Sales Life Insurance Financial Planning Investment Planning part time Sales Financial Services

Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 1 employees for salary & benefits

Financial Advisor

Finalcial advisor Department

4.0

• posted on 12 Sep 2019

4.0

for Salary and Benefits

Likes

The Company is financial insurance sector. We have a team. We are selling high quality products, different types of insurance policy. And this company has a Indian market.

Salary - Good

+5 more

Dislikes

Compensation is decent, the work pressure is very high. Decent career opportunity, no job security.

Job security - Bad

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

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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 Financial Advisor Salary FAQs

How the salary growth look like for a Financial Advisor at Life Insurance Corporation of India in Chennai?

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

Experience	Average Salary Range
5 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
6 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
7 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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Life Insurance Corporation of India Financial Advisor Salaries in Chennai

Life Insurance Corporation of India Financial Advisor salary in Chennai ranges between ₹2.4 Lakhs to ₹3.6 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.