Life Insurance Corporation of India Product Manager Salaries by 2 Employees

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
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (240 salaries)	₹6 L/yr - ₹22.9 L/yr 9% less
HDFC Life Product Manager Salary 2 - 8 years exp. (77 salaries)	₹7.5 L/yr - ₹20 L/yr 11% less
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ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (35 salaries)	₹6.3 L/yr - ₹19 L/yr 4% more
Axis Max Life Insurance Product Manager Salary 2 - 9 years exp. (27 salaries)	₹7.2 L/yr - ₹24.9 L/yr 11% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (26 salaries)	₹7.9 L/yr - ₹31 L/yr 29% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (20 salaries)	₹13 L/yr - ₹19 L/yr 4% more
Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (16 salaries)	₹13 L/yr - ₹30.5 L/yr 18% more	1 job opening
SBI Life Insurance Company Product Manager Salary 2 - 9 years exp. (15 salaries)	₹7.8 L/yr - ₹14.5 L/yr 23% less
Bajaj Allianz General Insurance Product Manager Salary 1 - 13 years exp. (13 salaries)	₹5 L/yr - ₹19 L/yr 22% less
Bajaj Allianz Life Insurance Product Manager Salary 0 - 13 years exp. (13 salaries)	₹8 L/yr - ₹30 L/yr 20% more
Principal Global Services Product Manager Salary 8 - 14 years exp. (13 salaries)	₹26.5 L/yr - ₹44 L/yr 126% more
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Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 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
Reliance Nippon Life Insurance Product Manager Salary 3 - 7 years exp. (7 salaries)	₹6 L/yr - ₹15 L/yr 18% less
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 4% 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

Associate Product Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 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

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.

Skill development - Poor

+2 more

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.

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

Promotions - Poor

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.

Skill development - Poor

+5 more

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.

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.

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.

Salary - Good

+1 more

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.

Job security - Bad

+4 more

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Life Insurance Corporation of India Product Manager Salary FAQs

How the salary growth look like for a Product Manager at Life Insurance Corporation of India in India?

The salary growth for a Product Manager at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Product Manager can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
4 years	₹12.6 Lakhs to ₹16.1 Lakhs per year
5 years	₹13.5 Lakhs to ₹17.2 Lakhs per year

and so on.

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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

Life Insurance Corporation of India Product Manager Salary FAQs

Tell us how to improve this page.