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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Salaries in Madurai

based on 6 latest salaries
Designation Avg Annual Salary Open Jobs
2 - 5 years exp. · Madurai (AmbitionBox Estimate)
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₹3 L/yr - ₹4.2 L/yr

2 years exp. · Madurai (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr

1 year exp. · Madurai (AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.3 L/yr

6 years exp. · Madurai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

1 year exp. · Madurai (AmbitionBox Estimate)
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₹1 L/yr - ₹1.3 L/yr

Last Updated: 5 Jul, 2024

Salary related reviews for Life Insurance Corporation of India

4.7

Rated by 4 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

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Dislikes

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

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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

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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.

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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.

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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.

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see more salary related reviews

Life Insurance Corporation of India interview questions by designations

Life Insurance Corporation of India Salary FAQs

How much does Life Insurance Corporation of India pay per year?
The average Life Insurance Corporation of India salary ranges from approximately ₹0.4 Lakh to ₹1.8 Lakh per year for a Customer Support Executive and ₹14 Lakhs to ₹35 Lakhs per year for a Senior Business Associate. Salary estimates are based on 6 Life Insurance Corporation of India salaries received from various employees of Life Insurance Corporation of India. Life Insurance Corporation of India employees rate the overall salary and benefits package 4.7/5 stars.
What is the highest salary in Life Insurance Corporation of India?
The highest-paying job at Life Insurance Corporation of India is a Senior Business Associate with a salary of ₹14 Lakhs to ₹35 Lakhs per year. The top 10% of employees earn more than ₹9.06 lakhs per year. The top 1% earn more than a whopping ₹30 lakhs per year.
What is the minimum salary in Life Insurance Corporation of India?
Minimum salary at Life Insurance Corporation of India depends on the role you are applying for. For Office Assistant the minimum salary is ₹0.5 Lakh to ₹4.5 Lakhs per year, and for Agent the minimum salary is ₹0.8 Lakh to ₹6 Lakhs per year and so on.
What is the salary package for freshers in Life Insurance Corporation of India?
The average salary at Life Insurance Corporation of India for freshers varies from ₹0.8 Lakh to ₹2 Lakhs per year for Office Assistant and ₹4.6 Lakhs to ₹8.5 Lakhs per year for Development Officer.
What is the notice period at Life Insurance Corporation of India in Madurai?
According to AmbitionBox, 54% of the Life Insurance Corporation of India employees in Madurai reported a notice period of 15 days or less, 23% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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Average annual salary in Life Insurance Corporation of India , Madurai is INRunlock blur . Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

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