Life Insurance Corporation of India Mumbai Operations Executive Salaries by Employees (Updated 2025)

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₹4 Lakhs - ₹5.1 Lakhs

Low Confidence

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Last Updated: 9 Jun 2024

Companies similar to Life Insurance Corporation of India for Operations Executive in Mumbai

Life Insurance Corporation of India Operations Executive Salary

7 years exp. (AmbitionBox Estimate)

₹4 L/yr - ₹5.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Operations Executive Salary 3 - 7 years exp. (5 salaries)	₹2 L/yr - ₹4 L/yr 32% less
ICICI Prudential Life Insurance Operations Executive Salary 1 - 6 years exp. (13 salaries)	₹1.6 L/yr - ₹3.7 L/yr 38% less
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SBI Life Insurance Company Operations Executive Salary 6 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr 5% less
Max Life Insurance Operations Executive Salary 0 - 3 years exp. (3 salaries)	₹1.2 L/yr - ₹2.9 L/yr 37% less
Bajaj Allianz Life Insurance Operations Executive Salary 0 - 8 years exp. (3 salaries)	₹2.6 L/yr - ₹3.5 L/yr 31% less
Kotak Mahindara Life Insurance Operations Executive Salary 1 - 7 years exp. (11 salaries)	₹2.5 L/yr - ₹4.6 L/yr 23% less
Reliance Nippon Life Insurance Operations Executive Salary 1 - 3 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 37% less
Tata AIA Life Insurance Operations Executive Salary 3 - 9 years exp. (24 salaries)	₹3 L/yr - ₹6.1 L/yr 6% more
PNB MetLife Operations Executive Salary 2 - 5 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 41% less
Aditya Birla Sun Life Insurance Operations Executive Salary 4 - 7 years exp. (3 salaries)	₹2.4 L/yr - ₹3.8 L/yr 38% less
ICICI Lombard General Insurance Company Operations Executive Salary 1 - 8 years exp. (32 salaries)	₹1 L/yr - ₹4.3 L/yr 38% less
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Aditya Birla Health Insurance Co Operations Executive Salary 0 - 6 years exp. (25 salaries)	₹2.2 L/yr - ₹4.5 L/yr 27% less
HDFC Ergo General Insurance Operations Executive Salary 4 - 8 years exp. (17 salaries)	₹1.8 L/yr - ₹4.1 L/yr 27% less
Cholamandalam MS General Insurance Operations Executive Salary 3 - 7 years exp. (8 salaries)	₹2 L/yr - ₹3.6 L/yr 44% less
Bajaj Allianz General Insurance Operations Executive Salary 1 - 3 years exp. (3 salaries)	₹1.2 L/yr - ₹3.6 L/yr 36% less	2 job openings

Operations Executive salary at Life Insurance Corporation of India ranges between ₹4 Lakhs to ₹5.1 Lakhs per year for employees with 7 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Life Insurance Corporation of India.

From

Operations Executive

₹

Lakhs/yr

5 - 8 years exp.

Administration Manager

₹

Lakhs/yr

25 - 32 years exp.

Operations Executive 5 - 8 years exp.

Assistant Administrative Officer 4 - 14 years exp.

427% hike

Administration Officer 8 - 31 years exp.

10% hike

Similar Designation salaries in Life Insurance Corporation of India

Team Lead Salary

(4 salaries)

₹1.4 L/yr - ₹2.86 L/yr

Salary related reviews for Life Insurance Corporation of India

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Job Performing Flexibility.

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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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Development Officer in Mumbai

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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

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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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Life Insurance Corporation of India Operations Executive Salary FAQs

What is the notice period for Operations Executive at Life Insurance Corporation of India in Mumbai?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Operations Executives in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Operations Executive Salaries in Mumbai

Life Insurance Corporation of India Operations Executive salary in Mumbai ranges between ₹4 Lakhs to ₹5.1 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.