Life Insurance Corporation of India Officer Salaries by 3 Employees (Updated 2025)

0 - 9 years exp.

₹1.3 Lakh - ₹3.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

61% less than the average Officer Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Engineering - Software & QA Officer Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.4 L/yr
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Finance & Accounting Officer Salary Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr

Last Updated: 27 Feb 2025

Companies similar to Life Insurance Corporation of India for Officer

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Officer Salary 0 - 6 years exp. (205 salaries)	₹1.1 L/yr - ₹4 L/yr 36% more
Bajaj Allianz General Insurance Officer Salary 1 - 5 years exp. (22 salaries)	₹1.2 L/yr - ₹2.6 L/yr 12% more
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Cholamandalam MS General Insurance Officer Salary 1 - 6 years exp. (16 salaries)	₹1.2 L/yr - ₹3.2 L/yr 25% more
Tata AIA Life Insurance Officer Salary 3 - 7 years exp. (14 salaries)	₹2.8 L/yr - ₹4.9 L/yr 101% more	1 job opening
HDFC Ergo General Insurance Officer Salary 0 - 7 years exp. (9 salaries)	₹2.9 L/yr - ₹3.2 L/yr 54% more
ICICI Lombard General Insurance Company Officer Salary 1 - 5 years exp. (6 salaries)	₹1.1 L/yr - ₹5.5 L/yr 76% more
HDFC Life Officer Salary 3 - 7 years exp. (6 salaries)	₹2.2 L/yr - ₹3.6 L/yr 59% more
Kotak Mahindara Life Insurance Officer Salary 0 - 11 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr 95% more
ICICI Prudential Life Insurance Officer Salary 3 - 5 years exp. (5 salaries)	₹3 L/yr - ₹3.9 L/yr 84% more
Bajaj Allianz Life Insurance Officer Salary 2 - 12 years exp. (5 salaries)	₹1.2 L/yr - ₹2.8 L/yr 16% more
SBI Life Insurance Company Officer Salary 0 - 10 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr 60% more
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National Insurance Company Officer Salary 2 - 8 years exp. (4 salaries)	₹3.8 L/yr - ₹11 L/yr 330% more
Reliance Nippon Life Insurance Officer Salary 3 - 6 years exp. (3 salaries)	₹1.8 L/yr - ₹6.2 L/yr 79% more
Axis Max Life Insurance Officer Salary 2 - 15 years exp. (3 salaries)	₹2.8 L/yr - ₹12 L/yr 217% more
The Oriental Insurance Co. Officer Salary 1 - 2 years exp. (3 salaries)	₹1.3 L/yr - ₹2 L/yr 19% less

Officer salary at Life Insurance Corporation of India ranges between ₹1.3 Lakh to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 9 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 Officer salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
8 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.4 L/yr
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9 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.4 L/yr

From

Officer

0 - 9 years exp.

Branch Manager

15 - 31 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Life Insurance Corporation of India

Senior Engineer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Software Engineer Salary

(3 salaries)

₹4.5 L/yr - ₹30 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 3 employees for salary & benefits

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.

Development Officer in Birbhum

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.

Job security - Bad

+4 more

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Salary Discussions, Hike & Promotions

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 Officer Salary FAQs

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

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
8 years	₹1.1 Lakhs to ₹1.4 Lakhs per year
9 years	₹1.1 Lakhs to ₹1.4 Lakhs per year

and so on.

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Life Insurance Corporation of India Officer Salaries

Life Insurance Corporation of India Officer salary in India ranges between ₹1.3 Lakh to ₹3.2 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.