Life Insurance Corporation of India Insurance Service Representative Salaries by 6 Employees

1 - 11 years exp.

₹3 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

44% more than the average Insurance Service Representative Salary in Insurance Companies for 1 - 11 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Life Insurance Corporation of India for Insurance Service Representative

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Insurance Service Representative Salary 3 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹3.5 L/yr 18% less
ICICI Prudential Life Insurance Insurance Service Representative Salary 1 - 5 years exp. (4 salaries)	₹0.4 L/yr - ₹3.2 L/yr 44% less
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Bajaj Allianz General Insurance Insurance Service Representative Salary 1 - 7 years exp. (3 salaries)	₹2.5 L/yr - ₹3.2 L/yr 13% less
SBI Life Insurance Company Insurance Service Representative Salary 2 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr 8% less
HDFC Life Insurance Service Representative Salary 0 - 1 year exp. (3 salaries)	₹2.9 L/yr - ₹3.5 L/yr 8% less

Insurance Service Representative salary at Life Insurance Corporation of India ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Insurance Service Representative salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
10 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr

View all

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Top skills at Life Insurance Corporation of India for Insurance Service Representative

Sales

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 1 employees for salary & benefits

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.

Administration Assistant in Ghatal

Kgp Department

5.0

• posted on 29 May 2021

5.0

for Salary and Benefits

Likes

...k life balance. Only disturbing thing is posting. You can't get transfer easily. Salary is much Impressive🤩. I just love my organization.

Salary - Excellent

+5 more

Dislikes

Nothing at all.

Computer Operator in Lucknow

Nb department Department

5.0

• posted on 11 Oct 2021

2.0

for Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

Job security - Excellent

+3 more

Dislikes

Salary - Poor
Skill development - Poor

+1 more

Advisor in Kulgam

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

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.

Skill development - Poor

+2 more

Development Officer in Hyderabad / Secunderabad

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

Promotions - Poor

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Life Insurance Corporation of India Insurance Service Representative Salary FAQs

What is the salary of Insurance Service Representative at Life Insurance Corporation of India ?

The average salary of a Insurance Service Representative at Life Insurance Corporation of India in India typically ranges from ₹3.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Insurance Service Representative at Life Insurance Corporation of India earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Insurance Service Representative 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 6 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Insurance Service Representative at Life Insurance Corporation of India in India typically ranges from ₹24,667 to ₹26,111 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 11 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 6 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 Service Representative at Life Insurance Corporation of India ?

Sales is a popular skill required to work as a Insurance Service Representative at Life Insurance Corporation of India.

What is the salary of a Insurance Service Representative in companies similar to Life Insurance Corporation of India in India?

The salary of a Insurance Service Representative 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:

SBI Life Insurance Company	₹2.5 Lakhs to ₹3.6 Lakhs per year
HDFC Life	₹2.9 Lakhs to ₹3.5 Lakhs per year
Bajaj Allianz General Insurance	₹2.5 Lakhs to ₹3.2 Lakhs per year
ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹3.5 Lakhs per year
ICICI Prudential Life Insurance	₹0.4 Lakhs to ₹3.2 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 Service Representative at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
1 year	₹3.0 Lakhs to ₹3.9 Lakhs per year
2 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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Life Insurance Corporation of India Insurance Service Representative Salaries

Life Insurance Corporation of India Insurance Service Representative salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Insurance Service Representative salaries in India

Companies similar to Life Insurance Corporation of India for Insurance Service Representative

Latest annual salaries shared by Life Insurance Corporation of India Insurance Service Representative

Experience wise Life Insurance Corporation of India Insurance Service Representative salaries

Similar Designation salaries in Life Insurance Corporation of India

Top skills at Life Insurance Corporation of India for Insurance Service Representative

Salary related reviews for Life Insurance Corporation of India

Data Entry Operator in Patna

Administration Assistant in Ghatal

Computer Operator in Lucknow

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Life Insurance Corporation of India Insurance Service Representative Salary FAQs

Tell us how to improve this page.