Life Insurance Corporation of India Product Manager Salaries by 2 Employees (Updated 2024)

4 - 5 years exp.

₹13.1 Lakhs - ₹16.7 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 12 Feb 2023

Companies similar to Life Insurance Corporation of India for Product Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Product Manager Salary 2 - 8 years exp. (76 salaries)	₹7.5 L/yr - ₹20 L/yr 17% less
ICICI Prudential Life Insurance Product Manager Salary 0 - 7 years exp. (37 salaries)	₹6.7 L/yr - ₹21 L/yr 4% more
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SBI Life Insurance Company Product Manager Salary 2 - 7 years exp. (18 salaries)	₹7.8 L/yr - ₹14.5 L/yr 30% less
Max Life Insurance Product Manager Salary 2 - 10 years exp. (30 salaries)	₹7.2 L/yr - ₹30 L/yr 15% more	1 job opening
Bajaj Allianz Life Insurance Product Manager Salary 0 - 14 years exp. (11 salaries)	₹8 L/yr - ₹18.9 L/yr 16% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 7 years exp. (24 salaries)	₹11.7 L/yr - ₹26.9 L/yr 7% more
Reliance Nippon Life Insurance Product Manager Salary 5 - 7 years exp. (5 salaries)	₹6 L/yr - ₹15 L/yr 18% less
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (7 salaries)	₹9 L/yr - ₹19.4 L/yr 11% more
PNB MetLife Product Manager Salary 2 - 8 years exp. (4 salaries)	₹14.5 L/yr - ₹25 L/yr 31% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (6 salaries)	₹10 L/yr - ₹16 L/yr 3% more
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (276 salaries)	₹6 L/yr - ₹23 L/yr 6% less
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Care Health Insurance Product Manager Salary 0 - 6 years exp. (37 salaries)	₹6 L/yr - ₹15 L/yr 31% less
HDFC Ergo General Insurance Product Manager Salary 0 - 3 years exp. (19 salaries)	₹11 L/yr - ₹19 L/yr 4% more
Bajaj Allianz General Insurance Product Manager Salary 1 - 12 years exp. (13 salaries)	₹11.7 L/yr - ₹22 L/yr 3% less
Principal Global Services Product Manager Salary 9 - 14 years exp. (11 salaries)	₹26 L/yr - ₹44 L/yr 116% more
Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (11 salaries)	₹13 L/yr - ₹30.5 L/yr 22% more
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (8 salaries)	₹9 L/yr - ₹25.5 L/yr 9% more
Allianz Partners Product Manager Salary 3 - 6 years exp. (3 salaries)	₹10 L/yr - ₹12.5 L/yr 22% less

Product Manager salary at Life Insurance Corporation of India ranges between ₹13.1 Lakhs to ₹16.7 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

Project Manager Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Product Owner Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Business Analyst Salary

(5 salaries)

₹1.8 L/yr - ₹8.45 L/yr

Salary related reviews for Life Insurance Corporation of India

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

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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.

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

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.

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.

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.

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.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Life Insurance Corporation of India Product Manager Salaries

Life Insurance Corporation of India Product Manager salary in India ranges between ₹13.1 Lakhs to ₹16.7 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Product Manager salaries in India

Companies similar to Life Insurance Corporation of India for Product Manager

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Development Officer in Birbhum

Tell us how to improve this page.