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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Retired salaries in India

Annual salary range
29 - 31 years exp.
₹1 Lakh - ₹10.2 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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37% less than the average Retired Salary in Insurance Companies for 29 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Retired Salary
31 years exp. (AmbitionBox Estimate)
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₹1 L/yr - ₹8.5 L/yr

Strategic & Top Management
Retired Salary
29 years exp. (AmbitionBox Estimate)
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₹9.1 L/yr - ₹11.2 L/yr

Last Updated: 28 Jan 2024

Companies similar to Life Insurance Corporation of India for Retired

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Ministry of Defence Retired Salary

17 - 30 years exp. (4 salaries)

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₹3.5 L/yr - ₹6.8 L/yr

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Retired salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹10.2 Lakhs per year for employees with experience between 29 years to 31 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 Retired

10mo ago
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29 years exp.
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31 years exp.
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31 years exp.
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31 years exp.

Experience wise Life Insurance Corporation of India Retired salaries

Last Updated: 28 Jan 2024

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹1 L/yr - ₹10.2 L/yr

Similar Designation salaries in Life Insurance Corporation of India

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Salary related reviews for Life Insurance Corporation of India

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.

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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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Part Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 18 Oct 2023

4.0
 for  Salary and Benefits

Likes

Self defined working hours with dignity and job security. More you work more you earn just like business. No fraudulent on system level. It's cool to work with world biggest life insurance company as I think it is.

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Dislikes

Salary is not being provided to the agent as they work hard and fail some time to get new business. One more thing to be addressed is all services should be available at all office for the agent as collect the required forms, and to submit loan,neft request for the client benefit.

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Part Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 13 Oct 2023

4.0
 for  Salary and Benefits

Likes

You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that

read more

Dislikes

...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.

read more
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Life Insurance Corporation of India Retired Salary FAQs

What is the salary of Retired at Life Insurance Corporation of India?
Retired salary at Life Insurance Corporation of India in India ranges between ₹1.0 Lakhs to ₹10.2 Lakhs for experience between 29 years to 31 years. According to our estimates it is 37% less than the average Retired 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 Retired at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Retired at Life Insurance Corporation of India is 37% less than the average salary of a Retired in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Retired in India?
  • State Bank of India Retired Salary - ₹48.0 Lakhs to ₹48.0 Lakhs per year
  • Indian Air Force Retired Salary - ₹3.8 Lakhs to ₹12.0 Lakhs per year
  • Indian Navy Retired Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
  • Indian Army Retired Salary - ₹4.2 Lakhs to ₹7.2 Lakhs per year
What is the salary of a Retired in companies similar to Life Insurance Corporation of India in India?
  • Ministry of Defence Retired Salary - ₹3.5 Lakhs to ₹6.8 Lakhs per year
What is the estimated take home salary of a Retired at Life Insurance Corporation of India in India?
The estimated take-home salary of a Retired at Life Insurance Corporation of India ranges between ₹48,910 per month to ₹50,066 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Retired salary in India which ranges between ₹1.0 Lakhs to ₹10.2 Lakhs per year for employees with experience between 29 years to 31 years. Check how did we calculate take home salary?
What is the notice period for Retired at Life Insurance Corporation of India?
According to AmbitionBox, 100% of the Life Insurance Corporation of India Retireds reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Retired salary in India ranges between ₹1 Lakh to ₹10.2 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.