Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Life Insurance Corporation of India Team. If you also belong to the team, you can get access from here
filter salariesFilter salaries by

Life Insurance Corporation of India Policy Servicing Executive salaries in India

Annual salary range
0 - 1 year exp.
₹2.5 Lakhs - ₹4.8 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

30% more than the average Policy Servicing Executive Salary in Insurance Companies for 0 - 1 year of experience

Interested in this particular role?

Last Updated: 26 Dec 2024

Companies similar to Life Insurance Corporation of India for Policy Servicing Executive

Company name Avg Annual Salary Open Jobs
Logo
HDFC Life Policy Servicing Executive Salary

4 - 18 years exp. (4 salaries)

unlock blur

₹2 L/yr - ₹5 L/yr

arrow icon 22% less
unlock blur

₹2.5 L/yr - ₹3.3 L/yr

arrow icon 20% less
unlock blur

₹2.9 L/yr - ₹3 L/yr

arrow icon 21% less
Policy Servicing Executive salary at Life Insurance Corporation of India ranges between ₹2.5 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Policy Servicing Executive

3w ago
₹2.6 Lakhs
1 year exp.
8mo ago
₹4.8 Lakhs
1 year exp.
11mo ago
₹4.8 Lakhs
1 month exp.
1y ago
₹2.5 Lakhs
1 year exp.

Experience wise Life Insurance Corporation of India Policy Servicing Executive salaries

Last Updated: 26 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

₹4.3 L/yr - ₹5.5 L/yr
1 year  (3 salaries)

unlock blur

₹2.5 L/yr - ₹4.8 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Customer Service Executive Salary
(AmbitionBox Estimate)
unlock blur
₹2.1 L/yr - ₹2.6 L/yr
unlock blur
₹0.6 L/yr - ₹4.5 L/yr
unlock blur
₹1.8 L/yr - ₹4.5 L/yr
Sales Executive Salary
(67 salaries)
unlock blur
₹1 L/yr - ₹6 L/yr
unlock blur
₹1.25 L/yr - ₹3 L/yr
MIS Executive Salary
(AmbitionBox Estimate)
unlock blur
₹1.4 L/yr - ₹1.8 L/yr
unlock blur
₹1.05 L/yr - ₹1.8 L/yr
unlock blur
₹1.5 L/yr - ₹2.7 L/yr
unlock blur
₹0.6 L/yr - ₹4.8 L/yr
unlock blur
₹2.5 L/yr - ₹6 L/yr

Salary related reviews for Life Insurance Corporation of India

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

read more
  • 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

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 .

read more
  • Job security - Excellent
  • +3 more

Dislikes

  • Salary - Poor
  • Skill development - Poor
  • +1 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

read more
  • 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.

read more
  • 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

read more
  • 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.

read more
  • Skill development - Poor
  • +5 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Life Insurance Corporation of India Policy Servicing Executive Salary FAQs

What is the salary of Policy Servicing Executive at Life Insurance Corporation of India ?
The average salary of a Policy Servicing Executive at Life Insurance Corporation of India in India typically ranges from ₹2.5 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Policy Servicing Executive at Life Insurance Corporation of India earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Policy Servicing Executive 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 Policy Servicing Executive at Life Insurance Corporation of India in India?
The estimated take-home salary of a Policy Servicing Executive at Life Insurance Corporation of India in India typically ranges from ₹26,920 to ₹28,330 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 1 year.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.
What is the salary of a Policy Servicing Executive in companies similar to Life Insurance Corporation of India in India?
The salary of a Policy Servicing Executive 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:

Ageas Federal Life Insurance ₹2.5 Lakhs to ₹3.3 Lakhs per year
Niva Bupa Health Insurance Company ₹2.9 Lakhs to ₹3.0 Lakhs per year
HDFC Life ₹2.0 Lakhs to ₹5.0 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 Policy Servicing Executive at Life Insurance Corporation of India in India?
The salary growth for a Policy Servicing Executive at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Policy Servicing Executive can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹4.3 Lakhs to ₹5.5 Lakhs per year
1 year ₹2.5 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Policy Servicing Executive salary in India ranges between ₹2.5 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.