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Life Insurance Corporation of India Insurance Agent salaries in India (Updated 2025)

Annual salary range
0 - 9 years exp.
₹0.6 Lakh - ₹5 Lakhs
Salary of majority employees
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5% more than the average Insurance Agent Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Sales & Business Development
Insurance Agent Salary
0 - 9 years exp. (10 salaries)
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₹1.8 L/yr - ₹3.9 L/yr

BFSI, Investments & Trading
Insurance Agent Salary
1 - 9 years exp. (9 salaries)
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₹0.6 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Insurance Agent Salary
7 - 8 years exp. (4 salaries)
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₹1.5 L/yr - ₹5 L/yr

Marketing & Communication
Insurance Agent Salary
1 - 5 years exp. (4 salaries)
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₹0.6 L/yr - ₹3 L/yr

Teaching & Training
Insurance Agent Salary
0 - 6 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.2 L/yr

Last Updated: 20 Mar 2025

Companies similar to Life Insurance Corporation of India for Insurance Agent

Company name Avg Annual Salary Open Jobs
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₹1.1 L/yr - ₹3 L/yr

arrow icon 14% less
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₹2 L/yr - ₹3 L/yr

arrow icon 11% less
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₹1.2 L/yr - ₹3 L/yr

arrow icon 13% less
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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 8% less
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₹1.2 L/yr - ₹6.5 L/yr

arrow icon 15% more
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₹2.4 L/yr - ₹3.5 L/yr

arrow icon 15% more
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₹1 L/yr - ₹1.8 L/yr

arrow icon 41% less
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HDFC Life Insurance Agent Salary

0 - 2 years exp. (5 salaries)

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₹1.3 L/yr - ₹3 L/yr

arrow icon 14% less
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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 18% more
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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 55% more
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₹1.1 L/yr - ₹2.5 L/yr

arrow icon 17% less
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Shriram Life Insurance Insurance Agent Salary

2 - 12 years exp. (3 salaries)

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₹1 L/yr - ₹2.8 L/yr

arrow icon 20% less
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₹1.5 L/yr - ₹4 L/yr

arrow icon 16% more
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₹0.6 L/yr - ₹5 L/yr

arrow icon 18% more
Insurance Agent salary at Life Insurance Corporation of India ranges between ₹0.6 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 9 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 Agent

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6 years exp.
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Experience wise Life Insurance Corporation of India Insurance Agent salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹1.2 L/yr - ₹3.2 L/yr
1 year  (8 salaries)

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₹0.6 L/yr - ₹4.2 L/yr
2 years  (13 salaries)

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₹0.6 L/yr - ₹4 L/yr
3 years  (4 salaries)

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₹1.1 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹2 L/yr - ₹2.61 L/yr
LIC Agent Salary
(266 salaries)
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₹0.5 L/yr - ₹7.5 L/yr
Agent Salary
(137 salaries)
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₹0.65 L/yr - ₹7 L/yr
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₹1.2 L/yr - ₹5.05 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
Sales Manager Salary
(12 salaries)
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₹3.6 L/yr - ₹6.5 L/yr
Supervisor Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Sales Executive Salary
(67 salaries)
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₹1 L/yr - ₹6 L/yr
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₹2.5 L/yr - ₹6 L/yr
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₹1 L/yr - ₹6 L/yr

Top skills at Life Insurance Corporation of India for Insurance Agent

Marketing Life Insurance Insurance Sales Sales Insurance Communication Skills Business Development Financial Planning Convincing Power Sales Executive Activities Channel Sales Cross Selling Client Acquisition upselling Service Delivery

Salary related reviews for Life Insurance Corporation of India

4.2

Rated by 20 employees for salary & benefits

Part Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 13 Apr 2023

3.0
 for  Salary and Benefits

Likes

Good environment for work . Every employee has cooperative in nature they were very helpful.

  • Job security - Excellent
  • +1 more

Dislikes

...�. Ok but not useful for permanent job you can work as part time job as there.Only senior management and marketing department get salary.

read more
  • Work satisfaction - Poor

Part Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 13 Oct 2023

4.0
 for  Salary and Benefits

Likes

You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that

read more
  • Salary - Good
  • +6 more

Dislikes

...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.

read more

Data Science & Analytics Department

5.0
  •  posted on 28 Dec 2021

5.0
 for  Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

read more

Other Department

4.0
  •  posted on 30 May 2022

2.0
 for  Salary and Benefits

Likes

Unertaion income because very hard comptision sale insurance no any traning give by lic deparatment it mean leck of knoledge

read more
  • Work-life balance - Good

Dislikes

Reguler income must but if you done lic than you have any bonus or income othersvise no money

read more
  • Salary - Poor
  • +3 more

LIC Agent Department

3.0
  •  posted on 09 May 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

read more
  • Job security - Poor
  • +3 more
see more salary related reviews

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Life Insurance Corporation of India Insurance Agent Salary FAQs

What is the salary of Insurance Agent at Life Insurance Corporation of India ?
The average salary of a Insurance Agent at Life Insurance Corporation of India in India typically ranges from ₹0.6 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Insurance Agent at Life Insurance Corporation of India earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Insurance Agent 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 50+ Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Insurance Agent at Life Insurance Corporation of India in India?
The estimated take-home salary of a Insurance Agent at Life Insurance Corporation of India in India typically ranges from ₹16,919 to ₹18,628 per month. This is based on the average salary range of ₹0.6 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 50+ 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 Insurance Agent at Life Insurance Corporation of India ?
To be a Insurance Agent at Life Insurance Corporation of India in india, the key skills required include:

  • - Marketing
  • - Life Insurance
  • - Insurance Sales
  • - 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 Insurance Agent in India?
Tata AIA Life Insurance ₹2.4 Lakhs to ₹4.5 Lakhs per year
United India Insurance Company ₹1.2 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindara Life Insurance ₹0.6 Lakhs to ₹5.0 Lakhs per year
Cholamandalam MS General Insurance ₹1.5 Lakhs to ₹4.0 Lakhs per year
The Oriental Insurance Co. ₹2.4 Lakhs to ₹3.5 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 Insurance Agent in companies similar to Life Insurance Corporation of India in India?
The salary of a Insurance Agent 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:

Reliance Nippon Life Insurance ₹1.2 Lakhs to ₹6.5 Lakhs per year
National Insurance Company ₹1.2 Lakhs to ₹3.5 Lakhs per year
The New India Assurance Co. ₹2.0 Lakhs to ₹3.0 Lakhs per year
Bajaj Allianz Life Insurance ₹1.2 Lakhs to ₹3.0 Lakhs per year
HDFC Life ₹1.3 Lakhs to ₹3.0 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 Insurance Agent at Life Insurance Corporation of India in India?
The salary growth for a Insurance Agent at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Insurance Agent can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹1.2 Lakhs to ₹3.2 Lakhs per year
1 year ₹0.6 Lakhs to ₹4.2 Lakhs per year
2 years ₹0.6 Lakhs to ₹4.0 Lakhs per year
3 years ₹1.1 Lakhs to ₹3.9 Lakhs per year
and so on.

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Life Insurance Corporation of India Insurance Agent salary in India ranges between ₹0.6 Lakh to ₹5 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.