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Life Insurance Corporation of India Sales Executive salaries in Bhopal

Annual salary range
1 - 7 years exp.
₹1 Lakh - ₹2.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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18% less than the average Sales Executive Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

UX, Design & Architecture
Sales Executive Salary
1 - 2 years exp. (3 salaries)
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₹1.4 L/yr - ₹1.8 L/yr

Sales & Business Development
Sales Executive Salary
5 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.2 L/yr

Last Updated: 23 May 2024

Companies similar to Life Insurance Corporation of India for Sales Executive in Bhopal

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Life Insurance Corporation of India Sales Executive Salary

1 - 7 years exp. (7 salaries)

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₹1 L/yr - ₹2.8 L/yr

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Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹1.9 L/yr

arrow icon 34% less
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Paytm Sales Executive Salary

0 - 11 years exp. (30 salaries)

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₹1.7 L/yr - ₹4.3 L/yr

arrow icon 18% more
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Bisleri Sales Executive Salary

4 - 13 years exp. (23 salaries)

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₹3.4 L/yr - ₹5 L/yr

arrow icon 86% more
2 job openings
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Panasonic Sales Executive Salary

2 - 8 years exp. (15 salaries)

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₹1.6 L/yr - ₹3.2 L/yr

arrow icon 12% more
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₹0.2 L/yr - ₹3.5 L/yr

arrow icon 29% less
Sales Executive salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹2.8 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Sales Executive in Bhopal

10mo ago
₹1.8 Lakh
2 years exp.
1y ago
₹1.7 Lakh
7 years exp.
1y ago
₹2.2 Lakhs
5 years exp.

Experience wise Life Insurance Corporation of India Sales Executive salaries in Bhopal

Last Updated: 23 May 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.7 L/yr
2 years  (3 salaries)

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₹1 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹2.16 L/yr - ₹4 L/yr

Top skills at Life Insurance Corporation of India for Sales Executive

Life Insurance Sales Policies New Business Development After Sales Service Gratuity Insurance Sales Customer Relationship Prospecting Field Sales direct marketing General Insurance Health Insurance Mutual Funds Sales

Salary related reviews for Life Insurance Corporation of India

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

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
  • 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.

read more

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.

read more
  • Job security - Bad
  • +4 more
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Life Insurance Corporation of India Sales Executive Salary FAQs

What is the salary of Sales Executive at Life Insurance Corporation of India in Bhopal?
The average salary of a Sales Executive at Life Insurance Corporation of India in Bhopal typically ranges from ₹1.0 Lakhs to ₹2.8 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Sales Executive in Bhopal at Life Insurance Corporation of India earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Sales 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 7 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Sales Executive at Life Insurance Corporation of India in Bhopal?
The estimated take-home salary of a Sales Executive at Life Insurance Corporation of India in Bhopal typically ranges from ₹18,196 to ₹19,886 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹2.8 Lakhs per year for employees with experience ranging from 1 year to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 7 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 are the key skills required to be a Sales Executive at Life Insurance Corporation of India in Bhopal?
To be a Sales Executive at Life Insurance Corporation of India in Bhopal, the key skills required include:

  • - Life Insurance
  • - Sales
  • - Policies
  • - New Business Development
  • - After Sales Service

These skills are highly valued at Life Insurance Corporation of India and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Life Insurance Corporation of India for Sales Executive in India?
Bisleri ₹3.4 Lakhs to ₹5.0 Lakhs per year
Paytm ₹1.7 Lakhs to ₹4.3 Lakhs per year
Panasonic ₹1.6 Lakhs to ₹3.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.
What is the salary of a Sales Executive in companies similar to Life Insurance Corporation of India in Bhopal?
The salary of a Sales Executive at companies similar to Life Insurance Corporation of India in Bhopal varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yashodeep Institute of Pharmacy ₹0.2 Lakhs to ₹3.5 Lakhs per year
Reliance Nippon Life Insurance ₹1.2 Lakhs to ₹1.9 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 Sales Executive at Life Insurance Corporation of India in Bhopal?
The salary growth for a Sales Executive at Life Insurance Corporation of India in Bhopal depends on factors such as experience, performance, and promotions. On average, a Sales Executive in Bhopal can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
1 year ₹2.1 Lakhs to ₹2.7 Lakhs per year
2 years ₹1.0 Lakhs to ₹4.4 Lakhs per year
3 years ₹2.3 Lakhs to ₹2.9 Lakhs per year
4 years ₹2.3 Lakhs to ₹3.0 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Sales Executive salary in Bhopal ranges between ₹1 Lakh to ₹2.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.