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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Probationary Officer salaries in India

Annual salary range
0 - 3 years exp.
₹5 Lakhs - ₹8.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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15% less than the average Probationary Officer Salary in Insurance Companies for 0 - 3 years of experience

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Last Updated: 7 Aug 2024

Companies similar to Life Insurance Corporation of India for Probationary Officer

Company name Avg Annual Salary Open Jobs
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HDFC Life Probationary Officer Salary

1 - 2 years exp. (3 salaries)

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₹2.2 L/yr - ₹2.5 L/yr

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₹5 L/yr - ₹11 L/yr

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₹0.1 L/yr - ₹0.2 L/yr

arrow icon 98% less
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Muthoot Finance Probationary Officer Salary

0 - 4 years exp. (296 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 58% less
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Federal Bank Probationary Officer Salary

0 - 3 years exp. (225 salaries)

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₹5.5 L/yr - ₹15 L/yr

arrow icon 89% more
Probationary Officer salary at Life Insurance Corporation of India ranges between ₹5 Lakhs to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 3 years. 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 Probationary Officer

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3 years exp.
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1 year exp.
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1 year exp.

Experience wise Life Insurance Corporation of India Probationary Officer salaries

Last Updated: 7 Aug 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.9 L/yr - ₹8.2 L/yr
1 year (AmbitionBox Estimate)

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₹5 L/yr - ₹11.8 L/yr
2 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.8 L/yr
3 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹6 L/yr

Similar Designation salaries in Life Insurance Corporation of India

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₹2.83 L/yr - ₹15 L/yr
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₹2.15 L/yr - ₹5 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Process Associate Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Finance Executive Salary
(AmbitionBox Estimate)
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₹3 L/yr - ₹3.8 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹2.5 L/yr - ₹10 L/yr
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₹1.2 L/yr - ₹3.6 L/yr

Salary related reviews for Life Insurance Corporation of India

1.0

Rated by 1 employees for salary & benefits

BFSI, Investments & Trading Department

5.0
  •  posted on 10 May 2018

2.0
 for  Salary and Benefits

Likes

...d Pratapgarh branch in post financial services executive Banccassurence channel.its company no job security and no career growth, and no salary enough,. This company good work environment and innovation.

read more

Dislikes

The Lic of India a big company insurance sector but no job security and life . The Lic of India a chitting company for employee because a large employee selections contractual basis employee and any time works out in company.

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

read 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

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

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

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

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.

read 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.

read more
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Life Insurance Corporation of India Probationary Officer Salary FAQs

What is the salary of Probationary Officer at Life Insurance Corporation of India?
Probationary Officer salary at Life Insurance Corporation of India in India ranges between ₹5.0 Lakhs to ₹8.2 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 15% less than the average Probationary Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Probationary Officer at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Probationary Officer at Life Insurance Corporation of India is 15% less than the average salary of a Probationary Officer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Probationary Officer in India?
  • Federal Bank Probationary Officer Salary - ₹5.5 Lakhs to ₹15.0 Lakhs per year
  • SBI Life Insurance Company Probationary Officer Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
What is the salary of a Probationary Officer in companies similar to Life Insurance Corporation of India in India?
  • Muthoot Finance Probationary Officer Salary - ₹1.2 Lakhs to ₹3.8 Lakhs per year
  • HDFC Life Probationary Officer Salary - ₹2.2 Lakhs to ₹2.5 Lakhs per year
  • ICICI Lombard General Insurance Company Probationary Officer Salary - ₹0.1 Lakhs to ₹0.2 Lakhs per year
What is the estimated take home salary of a Probationary Officer at Life Insurance Corporation of India in India?
The estimated take-home salary of a Probationary Officer at Life Insurance Corporation of India ranges between ₹47,611 per month to ₹48,738 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Probationary Officer salary in India which ranges between ₹5.0 Lakhs to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?
What is the notice period for Probationary Officer at Life Insurance Corporation of India?
According to AmbitionBox, 100% of the Life Insurance Corporation of India Probationary Officers reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Probationary Officer salary in India ranges between ₹5 Lakhs to ₹8.2 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.