Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Life Insurance Corporation of India Team. If you also belong to the team, you can get access from here
4.4

based on 1.8k Reviews

filter salariesFilter salaries by

Life Insurance Corporation of India Insurance Manager salaries in India

Annual salary range
2 - 14 years exp.
₹3.3 Lakhs - ₹6 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

16% more than the average Insurance Manager Salary in Insurance Companies for 2 - 14 years of experience

Interested in this particular role?

Last Updated: 24 Dec 2023

Companies similar to Life Insurance Corporation of India for Insurance Manager

Company name Avg Annual Salary Open Jobs
Logo
HDFC Life Insurance Manager Salary

1 - 6 years exp. (52 salaries)

unlock blur

₹2.5 L/yr - ₹6 L/yr

arrow icon 20% less
unlock blur

₹2.8 L/yr - ₹5.3 L/yr

arrow icon 22% less
unlock blur

₹2.5 L/yr - ₹4.5 L/yr

arrow icon 22% less
Logo
Max Life Insurance Insurance Manager Salary

1 - 8 years exp. (23 salaries)

unlock blur

₹2.3 L/yr - ₹4.7 L/yr

arrow icon 17% less
unlock blur

₹1.5 L/yr - ₹6 L/yr

arrow icon 23% less
unlock blur

₹2.5 L/yr - ₹5.9 L/yr

arrow icon 17% less
unlock blur

₹1.8 L/yr - ₹5 L/yr

arrow icon 23% less
unlock blur

₹2.6 L/yr - ₹7.7 L/yr

arrow icon 3% less
Logo
PNB MetLife Insurance Manager Salary

1 - 8 years exp. (63 salaries)

unlock blur

₹0.6 L/yr - ₹5.3 L/yr

arrow icon 20% less
unlock blur

₹3 L/yr - ₹5.6 L/yr

arrow icon 22% less
unlock blur

₹2.4 L/yr - ₹8 L/yr

arrow icon 8% less
unlock blur

₹4 L/yr - ₹9.4 L/yr

arrow icon 27% more
Logo
Care Health Insurance Insurance Manager Salary

1 - 10 years exp. (10 salaries)

unlock blur

₹2.5 L/yr - ₹4.9 L/yr

arrow icon 27% less
Logo
unlock blur

₹3 L/yr - ₹8 L/yr

arrow icon 20% less
unlock blur

₹3 L/yr - ₹5.9 L/yr

arrow icon 9% less
unlock blur

₹2.5 L/yr - ₹4.6 L/yr

arrow icon 12% less
unlock blur

₹4.5 L/yr - ₹7.3 L/yr

arrow icon 1% less
unlock blur

₹3.8 L/yr - ₹4.7 L/yr

arrow icon 10% less
unlock blur

₹12.5 L/yr - ₹14 L/yr

arrow icon 178% more
unlock blur

₹1.2 L/yr - ₹15 L/yr

arrow icon 39% more
Insurance Manager salary at Life Insurance Corporation of India ranges between ₹3.3 Lakhs to ₹6 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

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

1y ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
14 years exp.
1y ago
avg blur mobile
10 years exp.
1y ago
avg blur mobile
14 years exp.

Experience wise Life Insurance Corporation of India Insurance Manager salaries

Last Updated: 24 Dec 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

unlock blur

₹1.8 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)

unlock blur

₹4.1 L/yr - ₹5.2 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹4.1 L/yr - ₹5.2 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹4.1 L/yr - ₹5.3 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹4.2 L/yr - ₹5.3 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Branch Manager Salary
(19 salaries)
unlock blur
₹12.31 L/yr - ₹28 L/yr
Store Manager Salary
(AmbitionBox Estimate)
unlock blur
₹18 L/yr - ₹23 L/yr
Area Manager Salary
(4 salaries)
unlock blur
₹7.5 L/yr - ₹10 L/yr
Deputy Manager Salary
(5 salaries)
unlock blur
₹2.35 L/yr - ₹9.28 L/yr
Sales Manager Salary
(19 salaries)
unlock blur
₹2 L/yr - ₹6.5 L/yr
unlock blur
₹2 L/yr - ₹4 L/yr
unlock blur
₹4 L/yr - ₹11.5 L/yr
unlock blur
₹3 L/yr - ₹6 L/yr
unlock blur
₹3.3 L/yr - ₹10.15 L/yr
unlock blur
₹2.15 L/yr - ₹5 L/yr

Salary related reviews for Life Insurance Corporation of India

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 19 Jul 2024

5.0
 for  Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

read more
  • Salary - Excellent
  • +3 more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

  • Job security - Excellent
  • +3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

read more
  • Promotions - Poor

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 20 Feb 2023

3.0
 for  Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

read more
  • Skill development - Poor
  • +5 more

Full Time

 · 

Construction & Site Engineering Department

5.0
  •  posted on 24 Apr 2022

5.0
 for  Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

read more
  • Salary - Excellent
  • +6 more

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

read more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Oct 2022

4.0
 for  Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

  • Salary - Good
  • +1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

read more
  • Job security - Bad
  • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Life Insurance Corporation of India Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Life Insurance Corporation of India?
Insurance Manager salary at Life Insurance Corporation of India in India ranges between ₹3.3 Lakhs to ₹6.0 Lakhs for experience between 2 years to 14 years. According to our estimates it is 16% more than the average Insurance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Insurance Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Insurance Manager at Life Insurance Corporation of India is 16% more than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Insurance Manager in India?
  • National Insurance Company Insurance Manager Salary - ₹12.5 Lakhs to ₹14.0 Lakhs per year
  • The New India Assurance Co. Insurance Manager Salary - ₹1.2 Lakhs to ₹15.0 Lakhs per year
  • HDFC Ergo General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
What is the salary of a Insurance Manager in companies similar to Life Insurance Corporation of India in India?
  • Star Health & Allied Insurance Insurance Manager Salary - ₹4.5 Lakhs to ₹7.3 Lakhs per year
  • Tata AIA Life Insurance Insurance Manager Salary - ₹2.6 Lakhs to ₹7.7 Lakhs per year
  • ICICI Lombard General Insurance Company Insurance Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
  • Cholamandalam MS General Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹5.9 Lakhs per year
  • Aditya Birla Health Insurance Co Insurance Manager Salary - ₹3.8 Lakhs to ₹4.7 Lakhs per year
What is the estimated take home salary of a Insurance Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Insurance Manager at Life Insurance Corporation of India ranges between ₹35,048 per month to ₹36,287 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Insurance Manager salary in India which ranges between ₹3.3 Lakhs to ₹6.0 Lakhs per year for employees with experience between 2 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Insurance Manager at Life Insurance Corporation of India?
According to AmbitionBox, 50% of the Life Insurance Corporation of India Insurance Managers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Insurance Manager salary in India ranges between ₹3.3 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.