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Life Insurance Corporation of India Salaries in Patna (Updated 2025)

based on 49 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Marketing & Communication Sales & Business Development + 1 more
Designation Avg Annual Salary Open Jobs
1 - 10 years exp. · Patna (7 salaries)
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₹1.1 L/yr - ₹7 L/yr

1 - 5 years exp. · Patna (3 salaries)
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₹2 L/yr - ₹4 L/yr

2 - 3 years exp. · Patna (AmbitionBox Estimate)
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₹2 L/yr - ₹3 L/yr

8 - 10 years exp. · Patna (AmbitionBox Estimate)
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₹15 L/yr - ₹17.4 L/yr

Starting your career? Discover Life Insurance Corporation of India fresher salaries in India
15 - 16 years exp. · Patna (AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr

2 - 4 years exp. · Patna (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr

0 - 3 years exp. · Patna (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr

1 - 2 years exp. · Patna (AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.4 L/yr

0 - 4 years exp. · Patna (AmbitionBox Estimate)
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₹2 L/yr - ₹2 L/yr

1 year exp. · Patna (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

30 years exp. · Patna (AmbitionBox Estimate)
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₹16.2 L/yr - ₹20.7 L/yr

2 years exp. · Patna (AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr

7 years exp. · Patna (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

31 years exp. · Patna (AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.8 L/yr

2 years exp. · Patna (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

12 years exp. · Patna (AmbitionBox Estimate)
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₹7.9 L/yr - ₹10.1 L/yr

5 years exp. · Patna (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2 L/yr

3 years exp. · Patna (AmbitionBox Estimate)
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₹2 L/yr - ₹2.6 L/yr

10 years exp. · Patna (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

3 years exp. · Patna (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Last Updated: 20 Mar, 2025

Salary related reviews for Life Insurance Corporation of India

4.4

Rated by 17 employees for salary & benefits

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

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  • Salary - Excellent
  • +6 more

Dislikes

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.

read more

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

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  • 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.

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  • Skill development - Poor
  • +2 more

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

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  • Promotions - Poor

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.

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  • Skill development - Poor
  • +5 more

Full Time

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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.

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  • 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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Life Insurance Corporation of India interview questions by designations

Life Insurance Corporation of India Salary FAQs

How much does Life Insurance Corporation of India pay to its employees?
The average annual salary at Life Insurance Corporation of India varies depending on the role, experience, and location. The salary ranges for some popular designations at Life Insurance Corporation of India, are as follows:

Agent ₹1.1 Lakhs to ₹7 Lakhs per year
Sales Executive ₹2 Lakhs to ₹4 Lakhs per year
Business Development Executive ₹2 Lakhs to ₹3 Lakhs per year
AAO ₹15 Lakhs to ₹17.4 Lakhs per year

The highest-paying role, Senior Business Associate, earns between ₹14 Lakhs to ₹35 Lakhs per year. The top 10% of employees earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹31.3 Lakhs per year. 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 salary estimates are based on data from 49 salaries submitted by Life Insurance Corporation of India employees. Life Insurance Corporation of India is rated 4.4 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Life Insurance Corporation of India in Patna?
The salary of a fresher at Life Insurance Corporation of India in Patna typically ranges from ₹1.2 Lakh to ₹9.6 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Development Officer Salary ₹4.6 Lakhs to ₹9.6 Lakhs per year
Fresher as a Financial Advisor Salary ₹1.2 Lakhs to ₹4.5 Lakhs per year
Fresher as a LIC Agent Salary ₹1.5 Lakhs to ₹3.5 Lakhs per year
Fresher as a Telecalling Executive Salary ₹1.2 Lakhs to ₹1.9 Lakhs per year

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Average annual salary in Life Insurance Corporation of India , Patna is INRunlock blur . Salary estimates are based on 40+ Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

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