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Life Insurance Corporation of India Financial Planner salaries in India

Annual salary range
2 - 11 years exp.
₹2 Lakhs - ₹4.8 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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28% less than the average Financial Planner Salary in Insurance Companies for 2 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Financial Planner Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Financial Planner Salary
4 years exp. (AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.3 L/yr

Sales & Business Development
Financial Planner Salary
2 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 3 Jun 2024

Companies similar to Life Insurance Corporation of India for Financial Planner

Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹5 L/yr

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₹1.8 L/yr - ₹3.4 L/yr

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Logo
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₹7 L/yr - ₹10 L/yr

arrow icon 176% more
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₹2.3 L/yr - ₹5 L/yr

arrow icon 19% more
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₹3.5 L/yr - ₹6 L/yr

arrow icon 42% more
1 job opening
Financial Planner salary at Life Insurance Corporation of India ranges between ₹2 Lakhs to ₹4.8 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India.

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

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2 years exp.
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4 years exp.
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10 years exp.
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11 years exp.

Experience wise Life Insurance Corporation of India Financial Planner salaries

Last Updated: 3 Jun 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹1.2 L/yr - ₹3.6 L/yr
Financial Planning Analyst Salary
(AmbitionBox Estimate)
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₹15.2 L/yr - ₹19.4 L/yr
Finance Executive Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Senior Financial Analyst Salary
(AmbitionBox Estimate)
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₹0.4 L/yr - ₹0.5 L/yr
Data Analyst Salary
(4 salaries)
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₹1.08 L/yr - ₹3 L/yr
Associate Analyst Salary
(AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.8 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹1.8 L/yr - ₹8.45 L/yr

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 1 employees for salary & benefits

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

Full Time

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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.

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  • 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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Life Insurance Corporation of India Financial Planner Salary FAQs

What is the salary of Financial Planner at Life Insurance Corporation of India ?
The average salary of a Financial Planner at Life Insurance Corporation of India in India typically ranges from ₹2.0 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Financial Planner at Life Insurance Corporation of India earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Financial Planner 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 5 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Financial Planner at Life Insurance Corporation of India in India?
The estimated take-home salary of a Financial Planner at Life Insurance Corporation of India in India typically ranges from ₹23,628 to ₹25,087 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 2 years to 11 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 5 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Life Insurance Corporation of India for Financial Planner in India?
Tata AIA Life Insurance ₹7.0 Lakhs to ₹10.0 Lakhs per year
Hum Fauji Initiatives ₹3.5 Lakhs to ₹6.0 Lakhs per year
Befree Business Resourceing ₹2.3 Lakhs to ₹5.0 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 Planner in companies similar to Life Insurance Corporation of India in India?
The salary of a Financial Planner 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:

ICICI Prudential Life Insurance ₹1.2 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance ₹1.8 Lakhs to ₹3.4 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 Planner at Life Insurance Corporation of India in India?
The salary growth for a Financial Planner at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Financial Planner can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
2 years ₹2.4 Lakhs to ₹3.0 Lakhs per year
3 years ₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years ₹2.6 Lakhs to ₹3.3 Lakhs per year
5 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Financial Planner salary in India ranges between ₹2 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.