Life Insurance Corporation of India Sales Manager Salaries by 10+ Employees (Updated 2025)

1 - 12 years exp.

₹2 Lakhs - ₹6.5 Lakhs

Salary of majority employees

40% less than the average Sales Manager Salary in Insurance Companies for 1 - 12 years of experience

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Salaries in different departments

Sales & Business Development Sales Manager Salary 1 - 10 years exp. (6 salaries)	₹2 L/yr - ₹4.3 L/yr
Customer Success, Service & Operations Sales Manager Salary 4 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Sales Manager Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.7 L/yr
Marketing & Communication Sales Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 3 Oct 2024

Companies similar to Life Insurance Corporation of India for Sales Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Sales Manager Salary 0 - 11 years exp. (709 salaries)	₹1.6 L/yr - ₹7.5 L/yr 13% more	3 job openings
ICICI Prudential Life Insurance Sales Manager Salary 1 - 12 years exp. (942 salaries)	₹2.5 L/yr - ₹10.6 L/yr 62% more	14 job openings
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SBI Life Insurance Company Sales Manager Salary 0 - 10 years exp. (84 salaries)	₹1.2 L/yr - ₹5.6 L/yr 18% less
Max Life Insurance Sales Manager Salary 0 - 10 years exp. (615 salaries)	₹2.3 L/yr - ₹6.2 L/yr 9% more	5 job openings
Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (205 salaries)	₹1.6 L/yr - ₹7 L/yr 21% less	11 job openings
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (543 salaries)	₹2 L/yr - ₹5.8 L/yr 5% more	5 job openings
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (244 salaries)	₹1.5 L/yr - ₹6 L/yr 26% less
Tata AIA Life Insurance Sales Manager Salary 3 - 11 years exp. (194 salaries)	₹2.4 L/yr - ₹9.5 L/yr 29% more	11 job openings
PNB MetLife Sales Manager Salary 1 - 9 years exp. (159 salaries)	₹1.8 L/yr - ₹8 L/yr 12% less	104 job openings
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (215 salaries)	₹2.2 L/yr - ₹10 L/yr 48% more
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (585 salaries)	₹2 L/yr - ₹11.4 L/yr 60% more	1 job opening
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Bajaj Allianz General Insurance Sales Manager Salary 0 - 13 years exp. (473 salaries)	₹1.8 L/yr - ₹6.8 L/yr 11% more	68 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 8 years exp. (460 salaries)	₹2.6 L/yr - ₹5.1 L/yr 4% less
HDFC Ergo General Insurance Sales Manager Salary 0 - 10 years exp. (282 salaries)	₹2.2 L/yr - ₹7.5 L/yr 3% more
Star Health & Allied Insurance Sales Manager Salary 0 - 10 years exp. (238 salaries)	₹0.6 L/yr - ₹6 L/yr 27% less
Cholamandalam MS General Insurance Sales Manager Salary 1 - 10 years exp. (205 salaries)	₹2 L/yr - ₹6.5 L/yr 2% less
Shriram Life Insurance Sales Manager Salary 0 - 7 years exp. (112 salaries)	₹1.7 L/yr - ₹7 L/yr 25% less
United India Insurance Company Sales Manager Salary 10 - 14 years exp. (4 salaries)	₹3.3 L/yr - ₹4.3 L/yr 13% less
AIG Sales Manager Salary 1 - 4 years exp. (4 salaries)	₹5.6 L/yr - ₹6.3 L/yr 41% more
Allianz Partners Sales Manager Salary 15 - 17 years exp. (3 salaries)	₹15 L/yr - ₹18.5 L/yr 313% more

Sales Manager salary at Life Insurance Corporation of India ranges between ₹2 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 19 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Sales Manager salaries

Last Updated: 3 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.6 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.7 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.3 L/yr
7 years (4 salaries)	₹3.6 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7.7 L/yr
10 years (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr
11 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
12 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹6.5 L/yr

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From

Sales Manager

₹

Lakhs/yr

1 - 12 years exp.

Health Insurance Manager

Salary unavailable

Sales Manager 1 - 12 years exp.

Chief Manager 29 - 32 years exp.

338% hike

Marketing Manager 30 - 31 years exp.

-18% hike

Similar Designation salaries in Life Insurance Corporation of India

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 L/yr

Branch Manager Salary

(14 salaries)

₹15.31 L/yr - ₹28 L/yr

Area Sales Manager Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Sales Officer Salary

(11 salaries)

₹1 L/yr - ₹5 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Business Manager Salary

(5 salaries)

₹1 L/yr - ₹5.75 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.8 L/yr

Top skills at Life Insurance Corporation of India for Sales Manager

Insurance Sales Banking Sales Sales

Salary related reviews for Life Insurance Corporation of India

2.3

Rated by 5 employees for salary & benefits

Senior Business Development Manager

5.0

• posted on 25 Jul 2018

3.0

for Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

Skill development - Excellent

+5 more

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

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.

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Life Insurance Corporation of India Sales Manager Salary FAQs

What is the salary of Sales Manager at Life Insurance Corporation of India?

Sales Manager salary at Life Insurance Corporation of India in India ranges between ₹2.0 Lakhs to ₹6.5 Lakhs for experience between 1 years to 12 years. According to our estimates it is 40% less than the average Sales Manager Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Sales Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Sales Manager at Life Insurance Corporation of India is 40% less than the average salary of a Sales Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Sales Manager at Life Insurance Corporation of India?

Insurance Sales, Banking Sales and Sales are some of the popular skills required to work as a Sales Manager at Life Insurance Corporation of India India.

Which similar companies are paying more than Life Insurance Corporation of India to a Sales Manager in India?

Allianz Partners Sales Manager Salary - ₹15.0 Lakhs to ₹18.5 Lakhs per year
ICICI Prudential Life Insurance Sales Manager Salary - ₹2.5 Lakhs to ₹10.6 Lakhs per year
ICICI Lombard General Insurance Company Sales Manager Salary - ₹2.0 Lakhs to ₹11.4 Lakhs per year
Aditya Birla Sun Life Insurance Sales Manager Salary - ₹2.2 Lakhs to ₹10.0 Lakhs per year
AIG Sales Manager Salary - ₹5.6 Lakhs to ₹6.3 Lakhs per year

What is the salary of a Sales Manager in companies similar to Life Insurance Corporation of India in India?

Tata AIA Life Insurance Sales Manager Salary - ₹2.4 Lakhs to ₹9.5 Lakhs per year
HDFC Life Sales Manager Salary - ₹1.6 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance Sales Manager Salary - ₹1.8 Lakhs to ₹6.8 Lakhs per year
Max Life Insurance Sales Manager Salary - ₹2.3 Lakhs to ₹6.2 Lakhs per year
Kotak Mahindara Life Insurance Sales Manager Salary - ₹2.0 Lakhs to ₹5.8 Lakhs per year

What is the estimated take home salary of a Sales Manager at Life Insurance Corporation of India in India?

The estimated take-home salary of a Sales Manager at Life Insurance Corporation of India ranges between ₹31,113 per month to ₹32,411 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Sales Manager salary in India which ranges between ₹2.0 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Sales Manager at Life Insurance Corporation of India?

According to AmbitionBox, 60% of the Life Insurance Corporation of India Sales Managers reported a notice period of 15 days or less, 40% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Sales Manager Salaries

Life Insurance Corporation of India Sales Manager salary in India ranges between ₹2 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.