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Life Insurance Corporation of India Insurance Service Representative salaries in India

Annual salary range
1 - 11 years exp.
₹3 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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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
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₹1.8 L/yr - ₹3.5 L/yr

arrow icon 18% less
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₹0.4 L/yr - ₹3.2 L/yr

arrow icon 44% less
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₹2.5 L/yr - ₹3.2 L/yr

arrow icon 13% less
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₹2.5 L/yr - ₹3.6 L/yr

arrow icon 8% less
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₹2.9 L/yr - ₹3.5 L/yr

arrow icon 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.

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

1y ago
₹3.5 Lakhs
11 years exp.
1y ago
₹5 Lakhs
2 years exp.
1y ago
₹5 Lakhs
1 year exp.
1y ago
₹4.5 Lakhs
10 years exp.
1y ago
₹3 Lakhs
11 years exp.
1y ago
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10 years exp.

Experience wise Life Insurance Corporation of India Insurance Service Representative salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Customer Service Executive Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
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₹1.1 L/yr - ₹2.1 L/yr
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₹0.6 L/yr - ₹4.5 L/yr
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₹1.25 L/yr - ₹3 L/yr
Sales Executive Salary
(67 salaries)
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₹1 L/yr - ₹6 L/yr
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₹2.5 L/yr - ₹6 L/yr
Process Associate Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
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₹1.05 L/yr - ₹5.58 L/yr
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₹0.6 L/yr - ₹4.8 L/yr
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₹1 L/yr - ₹4 L/yr

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 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

read more
  • 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.

read more

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.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Nothing at all.

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 .

read more
  • Job security - Excellent
  • +3 more

Dislikes

  • Salary - Poor
  • Skill development - Poor
  • +1 more

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
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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.

Tell us how to improve this page.

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