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Life Insurance Corporation of India Higher Grade Assistant salaries in Mumbai

Annual salary range
10 - 14 years exp.
₹7.4 Lakhs - ₹11.5 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.
Avg. annual salary
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Monthly In-hand Salary

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66% more than the average Higher Grade Assistant Salary in Insurance Companies for 10 - 14 years of experience

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Salaries in different departments

Finance & Accounting
Higher Grade Assistant Salary
10 - 13 years exp. (AmbitionBox Estimate)
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₹7.4 L/yr - ₹11.5 L/yr

BFSI, Investments & Trading
Higher Grade Assistant Salary
14 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹8.7 L/yr

Last Updated: 27 Dec 2023

Higher Grade Assistant salary at Life Insurance Corporation of India ranges between ₹7.4 Lakhs to ₹11.5 Lakhs per year for employees with experience between 10 years to 14 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 Higher Grade Assistant in Mumbai

1y ago
₹3 Lakhs
14 years exp.

Experience wise Life Insurance Corporation of India Higher Grade Assistant salaries in Mumbai

Last Updated: 27 Dec 2023

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹6.7 L/yr - ₹8.5 L/yr
11 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.7 L/yr
12 years (AmbitionBox Estimate)

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₹6.9 L/yr - ₹8.8 L/yr
13 years (AmbitionBox Estimate)

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₹7 L/yr - ₹9 L/yr
14 years (AmbitionBox Estimate)

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₹7.1 L/yr - ₹9.1 L/yr

Salary related reviews for Life Insurance Corporation of India

Other Department

5.0
  •  posted on 11 Aug 2021

5.0
 for  Salary and Benefits

Likes

...leagues are supportive. Company policy is good. There remains a bright future. Attractive pay scales. Attractive wage revision in every five years.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Sometimes management does not address our issues.

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.

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Life Insurance Corporation of India Higher Grade Assistant Salary FAQs

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

Experience Average Salary Range
10 years ₹6.7 Lakhs to ₹8.5 Lakhs per year
11 years ₹6.8 Lakhs to ₹8.7 Lakhs per year
12 years ₹6.9 Lakhs to ₹8.8 Lakhs per year
13 years ₹7.0 Lakhs to ₹9.0 Lakhs per year
and so on.

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Life Insurance Corporation of India Higher Grade Assistant salary in Mumbai ranges between ₹7.4 Lakhs to ₹11.5 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.