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Life Insurance Corporation of India Financial Advisor salaries in Hyderabad / Secunderabad

Annual salary range
0 - 2 years exp.
₹1.2 Lakh - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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40% less than the average Financial Advisor Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Sales & Business Development
Financial Advisor Salary
0 - 2 years exp. (AmbitionBox Estimate)
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₹1.2 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Financial Advisor Salary
1 year exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹3.1 L/yr

Last Updated: 22 Apr 2024

Companies similar to Life Insurance Corporation of India for Financial Advisor in Hyderabad / Secunderabad

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Life Insurance Corporation of India Financial Advisor Salary

0 - 2 years exp. (4 salaries)

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₹1.2 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.3 L/yr - ₹5.5 L/yr

arrow icon 25% more
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₹2 L/yr - ₹3.6 L/yr

arrow icon 1% less
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₹2.3 L/yr - ₹4.5 L/yr

arrow icon 42% more
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HDFC Life Financial Advisor Salary

1 - 10 years exp. (4 salaries)

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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 22% more
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₹1.8 L/yr - ₹2.5 L/yr

arrow icon 28% less
Financial Advisor salary at Life Insurance Corporation of India ranges between ₹1.2 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Financial Advisor in Hyderabad / Secunderabad

1y ago
₹5 Lakhs
2 years exp.

Experience wise Life Insurance Corporation of India Financial Advisor salaries in Hyderabad / Secunderabad

Last Updated: 22 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
1 year (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
2 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr

Similar Designation salaries in Life Insurance Corporation of India

LIC Agent Salary
(21 salaries)
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₹1.5 L/yr - ₹5 L/yr
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₹2.35 L/yr - ₹4 L/yr
Agent Salary
(6 salaries)
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₹0.8 L/yr - ₹4 L/yr
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₹1.2 L/yr - ₹3 L/yr
Agent Advisor Salary
(4 salaries)
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₹2 L/yr - ₹6.5 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

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.

read more
  • Salary - Good
  • +5 more

Dislikes

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

read more
  • Job security - Bad

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.

read more
  • 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.

read more
  • Salary - Poor
  • +3 more

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

read more
  • 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.

read more
  • Skill development - Poor
  • +2 more

Full Time

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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

read more
  • Promotions - Poor

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.

read more
  • Skill development - Poor
  • +5 more
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Life Insurance Corporation of India Financial Advisor Salary FAQs

What is the salary of Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad?
The average salary of a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad typically ranges from ₹1.2 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Financial Advisor in Hyderabad / Secunderabad at Life Insurance Corporation of India earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Financial Advisor 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 4 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad?
The estimated take-home salary of a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad typically ranges from ₹20,890 to ₹22,540 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 4 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 are the key skills required to be a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad?
To be a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad, the key skills required include:

  • - Finance
  • - Communication Skills
  • - Insurance Sales
  • - Financial Sales
  • - Insurance

These skills are highly valued at Life Insurance Corporation of India and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Life Insurance Corporation of India for Financial Advisor in India?
Tata AIA Life Insurance ₹2.3 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.3 Lakhs to ₹5.5 Lakhs per year
HDFC Life ₹2.5 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.
What is the salary of a Financial Advisor in companies similar to Life Insurance Corporation of India in Hyderabad / Secunderabad?
The salary of a Financial Advisor at companies similar to Life Insurance Corporation of India in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company ₹2.0 Lakhs to ₹3.6 Lakhs per year
Shriram Life Insurance ₹1.8 Lakhs to ₹2.5 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 Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad?
The salary growth for a Financial Advisor at Life Insurance Corporation of India in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Financial Advisor in Hyderabad / Secunderabad can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹2.7 Lakhs to ₹3.4 Lakhs per year
1 year ₹2.7 Lakhs to ₹3.4 Lakhs per year
2 years ₹2.7 Lakhs to ₹3.4 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Financial Advisor salary in Hyderabad / Secunderabad ranges between ₹1.2 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.