Life Insurance Corporation of India Mumbai Insurance Consultant Salaries by 2 Employees (Updated 2024)

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₹2.6 Lakhs - ₹3.3 Lakhs

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Last Updated: 22 Feb 2024

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

Life Insurance Corporation of India Insurance Consultant Salary

4 years exp. (AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Insurance Consultant Salary 2 - 8 years exp. (3 salaries)	₹1.5 L/yr - ₹3.5 L/yr 5% more
Cognizant Insurance Consultant Salary 7 - 9 years exp. (4 salaries)	₹17 L/yr - ₹21 L/yr 528% more
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ICICI Bank Insurance Consultant Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹2 L/yr 41% less
Reliance General Insurance Insurance Consultant Salary 1 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹3.8 L/yr 15% less

Insurance Consultant salary at Life Insurance Corporation of India ranges between ₹2.6 Lakhs to ₹3.3 Lakhs per year for employees with 4 years of experience. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

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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

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

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

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

Dislikes

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

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.

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.

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.

Dislikes

Only slow career growth and no pension for agents.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Life Insurance Corporation of India Insurance Consultant Salary FAQs

What is the notice period for Insurance Consultant at Life Insurance Corporation of India in Mumbai?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Insurance Consultants in Mumbai reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Insurance Consultant Salaries in Mumbai

Life Insurance Corporation of India Insurance Consultant salary in Mumbai ranges between ₹2.6 Lakhs to ₹3.3 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.