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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Insurance Adviser salaries in Mumbai

Annual salary range
1 - 20 years exp.
₹0.9 Lakh - ₹7 Lakhs
Salary of majority employees
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12% more than the average Insurance Adviser Salary in Insurance Companies for 1 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Adviser Salary
4 - 19 years exp. (10 salaries)
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₹0.9 L/yr - ₹6 L/yr

Sales & Business Development
Insurance Adviser Salary
1 - 20 years exp. (6 salaries)
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₹1.2 L/yr - ₹6 L/yr

Finance & Accounting
Insurance Adviser Salary
2 - 8 years exp. (5 salaries)
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₹2 L/yr - ₹4.3 L/yr

Marketing & Communication
Insurance Adviser Salary
1 - 10 years exp. (5 salaries)
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₹1.8 L/yr - ₹6.9 L/yr

Customer Success, Service & Operations
Insurance Adviser Salary
1 - 12 years exp. (4 salaries)
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₹2.4 L/yr - ₹5 L/yr

Last Updated: 27 Dec 2024

Companies similar to Life Insurance Corporation of India for Insurance Adviser in Mumbai

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Life Insurance Corporation of India Insurance Adviser Salary

1 - 20 years exp. (50 salaries)

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₹0.9 L/yr - ₹7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Insurance Adviser Salary

2 - 7 years exp. (5 salaries)

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₹2.3 L/yr - ₹3.8 L/yr

arrow icon 3% less
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₹1.1 L/yr - ₹5 L/yr

arrow icon 10% less
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Max Life Insurance Insurance Adviser Salary

1 - 6 years exp. (9 salaries)

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₹1 L/yr - ₹3.6 L/yr

arrow icon 36% less
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₹2 L/yr - ₹5.5 L/yr

arrow icon 12% less
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₹2 L/yr - ₹3.1 L/yr

arrow icon 25% less
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₹2.4 L/yr - ₹4 L/yr

arrow icon 1% more
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₹2.5 L/yr - ₹4 L/yr

arrow icon 4% less
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₹2.6 L/yr - ₹3.3 L/yr

arrow icon 19% less
Insurance Adviser salary at Life Insurance Corporation of India ranges between ₹0.9 Lakh to ₹7 Lakhs per year for employees with experience between 1 year to 20 years. Salary estimates are based on 50 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Insurance Adviser in Mumbai

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Experience wise Life Insurance Corporation of India Insurance Adviser salaries in Mumbai

Last Updated: 27 Dec 2024

Experience Avg Annual Salary
1 year  (6 salaries)

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₹1.2 L/yr - ₹3 L/yr
2 years  (5 salaries)

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₹1.8 L/yr - ₹6 L/yr
3 years  (3 salaries)

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₹1 L/yr - ₹4.5 L/yr
4 years  (6 salaries)

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₹0.9 L/yr - ₹6.9 L/yr
5 years  (10 salaries)

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₹2 L/yr - ₹5 L/yr
View all

Top skills at Life Insurance Corporation of India for Insurance Adviser

Sales Life Insurance Marketing Communication Skills Insurance Sales Insurance Insurance Advisory Convincing Power Presentation Skills Business Development Financial Planning Insurance Sales Selling Skills Hindi Life Insurance

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 6 employees for salary & benefits

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

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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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

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Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

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

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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.

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Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Oct 2022

4.0
 for  Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

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Life Insurance Corporation of India Insurance Adviser Salary FAQs

What is the salary of Insurance Adviser at Life Insurance Corporation of India Mumbai?
Insurance Adviser salary at Life Insurance Corporation of India in Mumbai ranges between ₹0.9 Lakhs to ₹7.0 Lakhs for experience between 1 years to 20 years. According to our estimates it is 12% more than the average Insurance Adviser Salary in India. Salary estimates are based on 50 latest salaries received from various employees of Life Insurance Corporation of India Mumbai.
How does the salary of a Insurance Adviser at Life Insurance Corporation of India Mumbai compare with the average salary range for this job?
The average salary of a Insurance Adviser at Life Insurance Corporation of India is 12% more than the average salary of a Insurance Adviser in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Insurance Adviser at Life Insurance Corporation of India?
Sales, Life Insurance, Marketing, Communication Skills and Insurance Sales are some of the popular skills required to work as a Insurance Adviser at Life Insurance Corporation of India Mumbai.
Which similar companies are paying more than Life Insurance Corporation of India to a Insurance Adviser in Mumbai?
  • HDFC Ergo General Insurance Insurance Adviser Salary - ₹2.4 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Insurance Adviser in companies similar to Life Insurance Corporation of India in Mumbai?
  • HDFC Life Insurance Adviser Salary - ₹2.3 Lakhs to ₹3.8 Lakhs per year
  • The New India Assurance Co. Insurance Adviser Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
  • ICICI Prudential Life Insurance Insurance Adviser Salary - ₹1.1 Lakhs to ₹5.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Insurance Adviser Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
  • United India Insurance Company Insurance Adviser Salary - ₹2.6 Lakhs to ₹3.3 Lakhs per year
What is the estimated take home salary of a Insurance Adviser at Life Insurance Corporation of India in Mumbai?
The estimated take-home salary of a Insurance Adviser at Life Insurance Corporation of India ranges between ₹25,579 per month to ₹27,009 per month in Mumbai. The take-home salary calculation is based on the average Life Insurance Corporation of India Insurance Adviser salary in India which ranges between ₹0.9 Lakhs to ₹7.0 Lakhs per year for employees with experience between 1 years to 20 years. Check how did we calculate take home salary?
What is the notice period for Insurance Adviser at Life Insurance Corporation of India in Mumbai?
According to AmbitionBox, 72% of the Life Insurance Corporation of India Insurance Advisers in Mumbai reported a notice period of 15 days or less, 12% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 25 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Insurance Adviser salary in Mumbai ranges between ₹0.9 Lakh to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 50 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.