Life Insurance Corporation of India New Delhi Insurance Consultant Salaries by 4 Employees

1 - 7 years exp.

₹1.5 Lakh - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% 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 - ₹2 L/yr

Last Updated: 5 Dec 2024

Companies similar to Life Insurance Corporation of India for Insurance Consultant in New Delhi

Life Insurance Corporation of India Insurance Consultant Salary

1 - 7 years exp. (4 salaries)

₹1.5 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Insurance Consultant Salary 0 - 3 years exp. (8 salaries)	₹2.3 L/yr - ₹5 L/yr 35% more

Insurance Consultant salary at Life Insurance Corporation of India ranges between ₹1.5 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Insurance Consultant salaries in New Delhi

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

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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

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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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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 in New Delhi?

The average salary of a Insurance Consultant at Life Insurance Corporation of India in New Delhi typically ranges from ₹1.5 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Insurance Consultant in New Delhi at Life Insurance Corporation of India earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 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 4 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 New Delhi?

The estimated take-home salary of a Insurance Consultant at Life Insurance Corporation of India in New Delhi typically ranges from ₹17,700 to ₹19,397 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.6 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 4 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 in New Delhi?

To be a Insurance Consultant at Life Insurance Corporation of India in New Delhi, 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?

Bajaj Allianz Life Insurance

₹2.3 Lakhs to ₹5.0 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.

How the salary growth look like for a Insurance Consultant at Life Insurance Corporation of India in New Delhi?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.9 Lakhs per year

and so on.

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Life Insurance Corporation of India Insurance Consultant Salaries in New Delhi

Life Insurance Corporation of India Insurance Consultant salary in New Delhi ranges between ₹1.5 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.