Life Insurance Corporation of India Office Clerk Salaries by 4 Employees

5 - 12 years exp.

₹1.5 Lakh - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

43% less than the average Office Clerk Salary in Insurance Companies for 5 - 12 years of experience

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Last Updated: 20 Mar 2024

Companies similar to Life Insurance Corporation of India for Office Clerk

Company name	Avg Annual Salary	Open Jobs
Indian Army Office Clerk Salary 14 - 23 years exp. (39 salaries)	₹2 L/yr - ₹10 L/yr 219% more
R G Technosolutions Office Clerk Salary 0 - 11 years exp. (32 salaries)	₹0.2 L/yr - ₹3.2 L/yr 22% less
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Indian Air Force Office Clerk Salary 4 - 26 years exp. (10 salaries)	₹0.7 L/yr - ₹10.8 L/yr 169% more
CG Foods Office Clerk Salary 1 - 17 years exp. (10 salaries)	₹0.2 L/yr - ₹3 L/yr 47% less
Federal Bank Office Clerk Salary 0 - 4 years exp. (8 salaries)	₹3.6 L/yr - ₹7.1 L/yr 150% more

Office Clerk salary at Life Insurance Corporation of India ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Office Clerk salaries

Last Updated: 20 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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7 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
9 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.7 L/yr
10 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
11 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
12 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr

View all

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Salary related reviews for Life Insurance Corporation of India

Data Entry Operator in Patna

Data Science & Analytics Department

5.0

• posted on 28 Dec 2021

5.0

for Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

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There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

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5.0

• posted on 29 May 2021

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Likes

...k life balance. Only disturbing thing is posting. You can't get transfer easily. Salary is much Impressive🤩. I just love my organization.

Salary - Excellent

+5 more

Dislikes

Nothing at all.

Computer Operator in Lucknow

Nb department Department

5.0

• posted on 11 Oct 2021

2.0

for Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

Job security - Excellent

+3 more

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Salary - Poor
Skill development - Poor

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Advisor in Kulgam

Full Time

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5.0

• posted on 19 Jul 2024

5.0

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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

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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

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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 Office Clerk Salary FAQs

What is the salary of Office Clerk at Life Insurance Corporation of India ?

The average salary of a Office Clerk at Life Insurance Corporation of India in India typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Office Clerk at Life Insurance Corporation of India earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Office Clerk 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 4 Life Insurance Corporation of India employees in India.

What is the estimated take home salary of a Office Clerk at Life Insurance Corporation of India in India?

The estimated take-home salary of a Office Clerk at Life Insurance Corporation of India in India typically ranges from ₹14,782 to ₹16,331 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 5 years to 12 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 4 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 Office Clerk in India?

Indian Army	₹2.0 Lakhs to ₹10.0 Lakhs per year
Indian Air Force	₹0.7 Lakhs to ₹10.8 Lakhs per year
Federal Bank	₹3.6 Lakhs to ₹7.1 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 Office Clerk in companies similar to Life Insurance Corporation of India in India?

The salary of a Office Clerk 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:

R G Technosolutions	₹0.2 Lakhs to ₹3.2 Lakhs per year
CG Foods	₹0.2 Lakhs to ₹3.0 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 Office Clerk at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
5 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
6 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
7 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
8 years	₹2.0 Lakhs to ₹2.5 Lakhs per year

and so on.

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Life Insurance Corporation of India Office Clerk Salaries

Life Insurance Corporation of India Office Clerk salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.