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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Licensed Insurance Agent salaries in India

Annual salary range
1 - 6 years exp.
₹1 Lakh - ₹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.
Salary of majority employees
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37% more than the average Licensed Insurance Agent Salary in Insurance Companies for 1 - 6 years of experience

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Last Updated: 29 Sep 2024

Companies similar to Life Insurance Corporation of India for Licensed Insurance Agent

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₹0.4 L/yr - ₹1 L/yr

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Licensed Insurance Agent salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 9 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Licensed Insurance Agent

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Experience wise Life Insurance Corporation of India Licensed Insurance Agent salaries

Last Updated: 29 Sep 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹1 L/yr - ₹6.1 L/yr
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₹2 L/yr - ₹4 L/yr
Area Manager Salary
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₹2.4 L/yr - ₹5 L/yr
Sales Executive Salary
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₹1 L/yr - ₹6 L/yr
Sales Officer Salary
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₹1 L/yr - ₹5 L/yr
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₹2.15 L/yr - ₹5 L/yr

Salary related reviews for Life Insurance Corporation of India

3.0

Rated by 1 employees for salary & benefits

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

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

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

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

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

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.

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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.

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
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Life Insurance Corporation of India Licensed Insurance Agent Salary FAQs

What is the salary of Licensed Insurance Agent at Life Insurance Corporation of India?
Licensed Insurance Agent salary at Life Insurance Corporation of India in India ranges between ₹1.0 Lakhs to ₹5.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 37% more than the average Licensed Insurance Agent Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Licensed Insurance Agent at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Licensed Insurance Agent at Life Insurance Corporation of India is 37% more than the average salary of a Licensed Insurance Agent in India. To know exact salary insights, login to view.
What is the salary of a Licensed Insurance Agent in companies similar to Life Insurance Corporation of India in India?
  • LIC POLICY HOLDERS SERVICE CENTRE Licensed Insurance Agent Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
  • LIC Life Plus Licensed Insurance Agent Salary - ₹0.4 Lakhs to ₹1.0 Lakhs per year
What is the estimated take home salary of a Licensed Insurance Agent at Life Insurance Corporation of India in India?
The estimated take-home salary of a Licensed Insurance Agent at Life Insurance Corporation of India ranges between ₹24,403 per month to ₹25,851 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Licensed Insurance Agent salary in India which ranges between ₹1.0 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Licensed Insurance Agent at Life Insurance Corporation of India?
According to AmbitionBox, 74% of the Life Insurance Corporation of India Licensed Insurance Agents reported a notice period of 15 days or less, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Licensed Insurance Agent salary in India ranges between ₹1 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.