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Life Insurance Corporation of India Financial Associate salaries in India

Annual salary range
4 - 25 years exp.
₹5 Lakhs - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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17% more than the average Financial Associate Salary in Insurance Companies for 4 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Financial Associate Salary
5 years exp. (AmbitionBox Estimate)
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₹5.2 L/yr - ₹6.3 L/yr

Sales & Business Development
Financial Associate Salary
4 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 19 Sep 2024

Companies similar to Life Insurance Corporation of India for Financial Associate

Company name Avg Annual Salary Open Jobs
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₹2.5 L/yr - ₹4 L/yr

arrow icon 41% less
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₹3 L/yr - ₹6 L/yr

arrow icon 24% less
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Gallagher Financial Associate Salary

0 - 1 year exp. (5 salaries)

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₹2.2 L/yr - ₹3.4 L/yr

arrow icon 55% less
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HDFC Life Financial Associate Salary

1 - 5 years exp. (5 salaries)

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₹2 L/yr - ₹4.2 L/yr

arrow icon 44% less
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₹1.8 L/yr - ₹3.2 L/yr

arrow icon 53% less
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AIG Financial Associate Salary

2 - 5 years exp. (3 salaries)

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₹4 L/yr - ₹5.2 L/yr

arrow icon 22% less
Financial Associate salary at Life Insurance Corporation of India ranges between ₹5 Lakhs to ₹6 Lakhs per year for employees with experience between 4 years to 25 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Financial Associate

4mo ago
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5 years exp.
7mo ago
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4 years exp.
10mo ago
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25 years exp.

Experience wise Life Insurance Corporation of India Financial Associate salaries

Last Updated: 19 Sep 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr
15+ years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in Life Insurance Corporation of India

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₹2.5 L/yr - ₹6 L/yr
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₹1.2 L/yr - ₹3.6 L/yr
Process Associate Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
Finance Executive Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹1 L/yr - ₹6 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Team Lead Salary
(17 salaries)
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₹1.4 L/yr - ₹4 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr

Salary related reviews for Life Insurance Corporation of India

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

 · 

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

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.

read more
  • 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.

read more
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Life Insurance Corporation of India Financial Associate Salary FAQs

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

Experience Average Salary Range
4 years ₹4.5 Lakhs to ₹5.8 Lakhs per year
5 years ₹5.2 Lakhs to ₹6.6 Lakhs per year
15 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Financial Associate salary in India ranges between ₹5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.