Life Insurance Corporation of India Mumbai Manager Salaries by 3 Employees

3 - 17 years exp.

₹4.9 Lakhs - ₹10.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

52% less than the average Manager Salary in Insurance Companies for 3 - 17 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Life Insurance Corporation of India for Manager in Mumbai

Life Insurance Corporation of India Manager Salary

3 - 17 years exp. (3 salaries)

₹4.9 L/yr - ₹10.9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (281 salaries)	₹5.9 L/yr - ₹16 L/yr 23% more	2 job openings
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (242 salaries)	₹2.4 L/yr - ₹8.5 L/yr 28% less
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ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (182 salaries)	₹4 L/yr - ₹14 L/yr 3% more
Tata AIA Life Insurance Manager Salary 3 - 18 years exp. (153 salaries)	₹7.5 L/yr - ₹29.1 L/yr 116% more	2 job openings
SBI Life Insurance Company Manager Salary 3 - 17 years exp. (152 salaries)	₹5.5 L/yr - ₹17 L/yr 46% more
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (144 salaries)	₹4.5 L/yr - ₹15 L/yr 28% more
Aditya Birla Health Insurance Co Manager Salary 1 - 12 years exp. (135 salaries)	₹5 L/yr - ₹17 L/yr 31% more
ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (113 salaries)	₹3.5 L/yr - ₹13 L/yr 7% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (110 salaries)	₹5 L/yr - ₹18 L/yr 43% more
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (65 salaries)	₹3.2 L/yr - ₹11.8 L/yr 10% less
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (40 salaries)	₹8.5 L/yr - ₹18.5 L/yr 67% more
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Aditya Birla Insurance Brokers Manager Salary 4 - 17 years exp. (29 salaries)	₹5.1 L/yr - ₹15 L/yr 15% more
Axis Max Life Insurance Manager Salary 4 - 16 years exp. (21 salaries)	₹4 L/yr - ₹12.2 L/yr At par	3 job openings
Cholamandalam MS General Insurance Manager Salary 3 - 11 years exp. (11 salaries)	₹5.5 L/yr - ₹9.1 L/yr 4% more
Bajaj Allianz General Insurance Manager Salary 8 - 19 years exp. (7 salaries)	₹11.8 L/yr - ₹21 L/yr 105% more
Star Health & Allied Insurance Manager Salary 1 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹10.8 L/yr 11% less
AON Global Insurance Brokers Manager Salary 2 - 11 years exp. (3 salaries)	₹8 L/yr - ₹10.1 L/yr 26% more
Gallagher Manager Salary 8 - 13 years exp. (3 salaries)	₹12 L/yr - ₹14 L/yr 65% more

Manager salary at Life Insurance Corporation of India ranges between ₹4.9 Lakhs to ₹10.9 Lakhs per year for employees with experience between 3 years to 17 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Manager salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
10 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
11 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
12 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
13 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
15+ years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr

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Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 1 employees for salary & benefits

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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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...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

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• posted on 20 Feb 2023

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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

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Insurance Adviser in Suryapet

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...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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+6 more

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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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Life Insurance Corporation of India Manager Salary FAQs

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

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

Experience	Average Salary Range
3 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
4 years	₹5.3 Lakhs to ₹6.8 Lakhs per year
5 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
6 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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Life Insurance Corporation of India Manager Salaries in Mumbai

Life Insurance Corporation of India Manager salary in Mumbai ranges between ₹4.9 Lakhs to ₹10.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.