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Life Insurance Corporation of India Licensed Insurance Agent salaries in India

Annual salary range
1 - 8 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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34% more than the average Licensed Insurance Agent Salary in Insurance Companies for 1 - 8 years of experience

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Last Updated: 29 Sep 2024

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

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹5.2 L/yr

arrow icon 46% more
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₹2.2 L/yr - ₹3 L/yr

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₹0.4 L/yr - ₹1 L/yr

arrow icon 79% less
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 8 years. Salary estimates are based on 10 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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₹3 L/yr - ₹3.9 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.8 L/yr
View all

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Branch Manager Salary
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₹9.65 L/yr - ₹31 L/yr
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₹2 L/yr - ₹4 L/yr
Area Manager Salary
(4 salaries)
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₹7.5 L/yr - ₹10 L/yr
Deputy Manager Salary
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₹2.35 L/yr - ₹9.28 L/yr
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₹2.4 L/yr - ₹5 L/yr
Sales Executive Salary
(66 salaries)
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₹1 L/yr - ₹5 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

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
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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 ?
The average salary of a Licensed Insurance Agent at Life Insurance Corporation of India in India typically ranges from ₹1.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Licensed Insurance Agent 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. Licensed Insurance Agent 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 10 Life Insurance Corporation of India employees in India.
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 in India typically ranges from ₹23,764 to ₹25,221 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 10 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Life Insurance Corporation of India for Licensed Insurance Agent in India?
United India Insurance Company ₹4.0 Lakhs to ₹5.2 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.
What is the salary of a Licensed Insurance Agent in companies similar to Life Insurance Corporation of India in India?
The salary of a Licensed Insurance Agent 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:

LIC POLICY HOLDERS SERVICE CENTRE ₹2.2 Lakhs to ₹3.0 Lakhs per year
LIC Life Plus ₹0.4 Lakhs to ₹1.0 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 Licensed Insurance Agent at Life Insurance Corporation of India in India?
The salary growth for a Licensed Insurance Agent at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Licensed Insurance Agent 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 ₹3.8 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.8 Lakhs per year
4 years ₹3.0 Lakhs to ₹3.8 Lakhs per year
and so on.

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 10 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.