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Life Insurance Corporation of India Insurance Agent salaries in Ahmedabad

Annual salary range
1 - 7 years exp.
₹0.6 Lakh - ₹3.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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12% less than the average Insurance Agent Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

Marketing & Communication
Insurance Agent Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹0.6 L/yr - ₹1.7 L/yr

Customer Success, Service & Operations
Insurance Agent Salary
7 years exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2.9 L/yr

Sales & Business Development
Insurance Agent Salary
7 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.5 L/yr

Last Updated: 27 Apr 2024

Insurance Agent salary at Life Insurance Corporation of India ranges between ₹0.6 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 7 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 Insurance Agent in Ahmedabad

11mo ago
₹0.6 Lakh
2 years exp.
1y ago
₹1.5 Lakh
7 years exp.
1y ago
₹0.6 Lakh
1 year exp.
1y ago
₹3.5 Lakhs
7 years exp.

Experience wise Life Insurance Corporation of India Insurance Agent salaries in Ahmedabad

Last Updated: 27 Apr 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
4 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
5 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Agent Salary
(8 salaries)
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₹0.65 L/yr - ₹4.7 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

5.0

Rated by 1 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
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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 in Ahmedabad?
The average salary of a Insurance Agent at Life Insurance Corporation of India in Ahmedabad typically ranges from ₹0.6 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Insurance Agent in Ahmedabad at Life Insurance Corporation of India earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 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 5 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 Ahmedabad?
The estimated take-home salary of a Insurance Agent at Life Insurance Corporation of India in Ahmedabad typically ranges from ₹14,764 to ₹16,311 per month. This is based on the average salary range of ₹0.6 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 7 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.
What are the key skills required to be a Insurance Agent at Life Insurance Corporation of India in Ahmedabad?
To be a Insurance Agent at Life Insurance Corporation of India in Ahmedabad, 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.
How the salary growth look like for a Insurance Agent at Life Insurance Corporation of India in Ahmedabad?
The salary growth for a Insurance Agent at Life Insurance Corporation of India in Ahmedabad depends on factors such as experience, performance, and promotions. On average, a Insurance Agent in Ahmedabad can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
1 year ₹1.7 Lakhs to ₹2.2 Lakhs per year
2 years ₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years ₹1.8 Lakhs to ₹2.3 Lakhs per year
4 years ₹1.9 Lakhs to ₹2.4 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Insurance Agent salary in Ahmedabad ranges between ₹0.6 Lakh to ₹3.5 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.