Life Insurance Corporation of India Management Trainee Salaries by 2 Employees

1 - 2 years exp.

₹1.4 Lakh - ₹1.8 Lakh

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 19 May 2024

Companies similar to Life Insurance Corporation of India for Management Trainee

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Allianz Partners Management Trainee Salary 0 - 7 years exp. (13 salaries)	₹2.7 L/yr - ₹4.7 L/yr 145% more
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AON Global Insurance Brokers Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹6 L/yr - ₹10.5 L/yr 409% more
Shriram Life Insurance Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹9.1 L/yr 251% more
AXA Management Trainee Salary 2 - 3 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 531% more
Allianz Management Trainee Salary 0 - 6 years exp. (3 salaries)	₹2.9 L/yr - ₹6.6 L/yr 163% more
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Management Trainee salary at Life Insurance Corporation of India ranges between ₹1.4 Lakh to ₹1.8 Lakh per year for employees with experience between 1 year to 2 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

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Salary related reviews for Life Insurance Corporation of India

Finance Executive in Udaipur

BFSI, Investments & Trading Department

5.0

• posted on 10 May 2018

2.0

for Salary and Benefits

Likes

...d Pratapgarh branch in post financial services executive Banccassurence channel.its company no job security and no career growth, and no salary enough,. This company good work environment and innovation.

Skill development - Excellent

+2 more

Dislikes

The Lic of India a big company insurance sector but no job security and life . The Lic of India a chitting company for employee because a large employee selections contractual basis employee and any time works out in company.

Salary - Poor

+3 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

Development Officer in Mumbai

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.

Skill development - Poor

+5 more

Insurance Adviser in Suryapet

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.

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.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Life Insurance Corporation of India Management Trainee Salary FAQs

How the salary growth look like for a Management Trainee at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹0.1 Lakhs to ₹0.2 Lakhs per year

and so on.

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Life Insurance Corporation of India Management Trainee Salaries

Life Insurance Corporation of India Management Trainee salary in India ranges between ₹1.4 Lakh to ₹1.8 Lakh. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.