Life Insurance Corporation of India Insurance Consultant Salaries by 8 Employees

1 - 7 years exp.

₹1.5 Lakh - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

19% less than the average Insurance Consultant Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

Marketing & Communication Insurance Consultant Salary 5 - 7 years exp. (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr
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BFSI, Investments & Trading Insurance Consultant Salary 1 year exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr

Last Updated: 5 Dec 2024

Companies similar to Life Insurance Corporation of India for Insurance Consultant

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Insurance Consultant Salary 0 - 8 years exp. (91 salaries)	₹0.6 L/yr - ₹6 L/yr 16% more
Bajaj Allianz General Insurance Insurance Consultant Salary 0 - 3 years exp. (16 salaries)	₹1 L/yr - ₹4.1 L/yr 16% more
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Reliance Nippon Life Insurance Insurance Consultant Salary 1 - 8 years exp. (5 salaries)	₹1.2 L/yr - ₹2 L/yr 36% less
The New India Assurance Co. Insurance Consultant Salary 0 - 9 years exp. (5 salaries)	₹0.5 L/yr - ₹6 L/yr 17% less
ICICI Prudential Life Insurance Insurance Consultant Salary 0 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹2.9 L/yr 12% more
Tata AIA Life Insurance Insurance Consultant Salary 4 - 20 years exp. (4 salaries)	₹3.5 L/yr - ₹7 L/yr 111% more
ICICI Lombard General Insurance Company Insurance Consultant Salary 1 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹7.2 L/yr 97% more
The Oriental Insurance Co. Insurance Consultant Salary 4 - 14 years exp. (4 salaries)	₹1.1 L/yr - ₹5 L/yr 33% more
HDFC Life Insurance Consultant Salary 0 - 4 years exp. (4 salaries)	₹1 L/yr - ₹2.8 L/yr 12% less
Star Health & Allied Insurance Insurance Consultant Salary 2 - 7 years exp. (4 salaries)	₹1.1 L/yr - ₹3 L/yr 8% less
Aditya Birla Sun Life Insurance Insurance Consultant Salary 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 18% less
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Cholamandalam MS General Insurance Insurance Consultant Salary 0 - 11 years exp. (3 salaries)	₹2 L/yr - ₹6 L/yr 61% more
United India Insurance Company Insurance Consultant Salary 0 - 3 years exp. (3 salaries)	₹1 L/yr - ₹3 L/yr 31% less

Insurance Consultant salary at Life Insurance Corporation of India ranges between ₹1.5 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 8 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Insurance Consultant salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.2 L/yr
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.2 L/yr
4 years (3 salaries)	₹2.2 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.6 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Insurance Executive Salary

(6 salaries)

₹2 L/yr - ₹2.61 L/yr

Life Insurance Advisor Salary

(62 salaries)

₹1.2 L/yr - ₹5.05 L/yr

Agent Salary

(137 salaries)

₹0.65 L/yr - ₹7 L/yr

Sales Executive Salary

(67 salaries)

₹1 L/yr - ₹6 L/yr

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹6 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

LIC Agent Salary

(340 salaries)

₹0.5 L/yr - ₹6.7 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Financial Advisor Salary

(84 salaries)

₹1 L/yr - ₹6 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Top skills at Life Insurance Corporation of India for Insurance Consultant

Problem Solving Insurance Sales Customer Relationship Objection Handling

Salary related reviews for Life Insurance Corporation of India

4.1

Rated by 2 employees for salary & benefits

LIC Agent in Visakhapatnam

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

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.

Data Entry Operator in Patna

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

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.

Agent in New Delhi

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

Work-life balance - Good

Dislikes

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

Salary - Poor

+3 more

LIC Agent in Warora

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.

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.

Job security - Poor

+3 more

LIC Agent in Hamirpur

Customer Success, Service & Operations Department

5.0

• posted on 23 Feb 2021

5.0

for Salary and Benefits

Likes

...upportive teammates. There is a huge cafe. And also gaming arcade for chilling. Company policies are good, appraisals are fàir and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Only slow career growth and no pension for agents.

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Life Insurance Corporation of India Insurance Consultant Salary FAQs

What is the salary of Insurance Consultant at Life Insurance Corporation of India ?

The average salary of a Insurance Consultant at Life Insurance Corporation of India in India typically ranges from ₹1.5 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Insurance Consultant at Life Insurance Corporation of India earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Insurance Consultant 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 8 Life Insurance Corporation of India employees in India.

What is the estimated take home salary of a Insurance Consultant at Life Insurance Corporation of India in India?

The estimated take-home salary of a Insurance Consultant at Life Insurance Corporation of India in India typically ranges from ₹16,937 to ₹18,646 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹4.0 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 8 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 Consultant at Life Insurance Corporation of India ?

To be a Insurance Consultant at Life Insurance Corporation of India in india, the key skills required include:

- Problem Solving
- Insurance Sales
- Customer Relationship
- Objection Handling

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 Consultant in India?

Tata AIA Life Insurance	₹3.5 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹7.2 Lakhs per year
Cholamandalam MS General Insurance	₹2.0 Lakhs to ₹6.0 Lakhs per year
The Oriental Insurance Co.	₹1.1 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance	₹0.6 Lakhs to ₹6.0 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 Insurance Consultant in companies similar to Life Insurance Corporation of India in India?

The salary of a Insurance Consultant 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:

Bajaj Allianz General Insurance	₹1.0 Lakhs to ₹4.1 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹2.9 Lakhs per year
Star Health & Allied Insurance	₹1.1 Lakhs to ₹3.0 Lakhs per year
HDFC Life	₹1.0 Lakhs to ₹2.8 Lakhs per year
The New India Assurance Co.	₹0.5 Lakhs to ₹6.0 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 Consultant at Life Insurance Corporation of India in India?

The salary growth for a Insurance Consultant at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Insurance Consultant can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹4.2 Lakhs per year
2 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.2 Lakhs to ₹4.2 Lakhs per year
4 years	₹2.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Insurance Consultant Salaries by Location

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Life Insurance Corporation of India Insurance Consultant Salaries

Life Insurance Corporation of India Insurance Consultant salary in India ranges between ₹1.5 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Insurance Consultant salaries in India

Companies similar to Life Insurance Corporation of India for Insurance Consultant

Latest annual salaries shared by Life Insurance Corporation of India Insurance Consultant

Experience wise Life Insurance Corporation of India Insurance Consultant salaries

Similar Designation salaries in Life Insurance Corporation of India

Top skills at Life Insurance Corporation of India for Insurance Consultant

Salary related reviews for Life Insurance Corporation of India

LIC Agent in Visakhapatnam

Data Entry Operator in Patna

Agent in New Delhi

LIC Agent in Warora

LIC Agent in Hamirpur

Life Insurance Corporation of India Insurance Consultant Salary FAQs

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Life Insurance Corporation of India Insurance Consultant Salaries by Location