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

4 - 12 years exp.

₹3.6 Lakhs - ₹6.5 Lakhs

Salary of majority employees

38% less than the average Sales Manager Salary in Insurance Companies for 4 - 12 years of experience

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Salaries in different departments

Customer Success, Service & Operations Sales Manager Salary 4 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr
Sales & Business Development Sales Manager Salary 8 - 10 years exp. (3 salaries)	₹4.2 L/yr - ₹4.3 L/yr
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BFSI, Investments & Trading Sales Manager Salary 7 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹5.5 L/yr

Last Updated: 12 Mar 2025

Companies similar to Life Insurance Corporation of India for Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 1 - 12 years exp. (939 salaries)	₹2.5 L/yr - ₹10.6 L/yr 57% more	21 job openings
HDFC Life Sales Manager Salary 0 - 11 years exp. (697 salaries)	₹1.1 L/yr - ₹7.5 L/yr 10% more	4 job openings
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Axis Max Life Insurance Sales Manager Salary 0 - 10 years exp. (614 salaries)	₹2.7 L/yr - ₹6.2 L/yr 5% more	3 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (576 salaries)	₹2 L/yr - ₹11.4 L/yr 53% more
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (563 salaries)	₹2 L/yr - ₹6.2 L/yr 1% more	5 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 13 years exp. (556 salaries)	₹1.8 L/yr - ₹7 L/yr 6% more	66 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 8 years exp. (413 salaries)	₹2.6 L/yr - ₹5.1 L/yr 7% less
HDFC Ergo General Insurance Sales Manager Salary 0 - 10 years exp. (283 salaries)	₹2.4 L/yr - ₹7.7 L/yr At par
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (243 salaries)	₹1.5 L/yr - ₹5 L/yr 30% less
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (239 salaries)	₹2.2 L/yr - ₹10.5 L/yr 42% more
Star Health & Allied Insurance Sales Manager Salary 0 - 10 years exp. (234 salaries)	₹0.6 L/yr - ₹6 L/yr 30% less
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Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (209 salaries)	₹1.9 L/yr - ₹7 L/yr 18% less	16 job openings
Cholamandalam MS General Insurance Sales Manager Salary 1 - 10 years exp. (193 salaries)	₹1.7 L/yr - ₹6 L/yr 5% less
Tata AIA Life Insurance Sales Manager Salary 4 - 11 years exp. (189 salaries)	₹2.4 L/yr - ₹8.9 L/yr 32% more	3 job openings
Shriram Life Insurance Sales Manager Salary 0 - 7 years exp. (112 salaries)	₹1.7 L/yr - ₹7 L/yr 29% less
SBI Life Insurance Company Sales Manager Salary 0 - 10 years exp. (87 salaries)	₹1.2 L/yr - ₹5.5 L/yr 21% less	1 job opening
United India Insurance Company Sales Manager Salary 10 - 14 years exp. (4 salaries)	₹3.3 L/yr - ₹4.3 L/yr 16% less
AIG Sales Manager Salary 1 - 4 years exp. (4 salaries)	₹5.6 L/yr - ₹6.3 L/yr 35% more
Allianz Partners Sales Manager Salary 15 - 17 years exp. (3 salaries)	₹15 L/yr - ₹18.5 L/yr 297% more

Sales Manager salary at Life Insurance Corporation of India ranges between ₹3.6 Lakhs to ₹6.5 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 12 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Sales Manager salaries

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.8 L/yr
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6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7.8 L/yr
7 years (4 salaries)	₹3.6 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹7.9 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7.9 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
12 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹6.5 L/yr

View all

From

Sales Manager

₹

Lakhs/yr

4 - 12 years exp.

Health Insurance Manager

Salary unavailable

Sales Manager

4 - 12 years exp.

Chief Manager

29 - 32 years exp.

321% hike

Marketing Manager

30 - 31 years exp.

-18% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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

(15 salaries)

₹9.65 L/yr - ₹31 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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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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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 ?

The average salary of a Sales Manager at Life Insurance Corporation of India in India typically ranges from ₹3.6 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 4 years to 12 years).

The top 10% of Sales Manager at Life Insurance Corporation of India earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Sales Manager 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 10+ Life Insurance Corporation of India employees in India.

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 in India typically ranges from ₹32,444 to ₹33,722 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 4 years to 12 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 10+ 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 Manager at Life Insurance Corporation of India ?

To be a Sales Manager at Life Insurance Corporation of India in india, the key skills required include:

- Insurance Sales
- Banking Sales
- Sales

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 Manager in India?

Allianz Partners	₹15.0 Lakhs to ₹18.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹10.6 Lakhs per year
ICICI Lombard General Insurance Company	₹2.0 Lakhs to ₹11.4 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹10.5 Lakhs per year
AIG	₹5.6 Lakhs to ₹6.3 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 Manager in companies similar to Life Insurance Corporation of India in India?

The salary of a Sales Manager at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹2.4 Lakhs to ₹8.9 Lakhs per year
HDFC Life	₹1.1 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance	₹2.7 Lakhs to ₹6.2 Lakhs per year
Kotak Mahindara Life Insurance	₹2.0 Lakhs to ₹6.2 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 Manager at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
4 years	₹3.6 Lakhs to ₹7.8 Lakhs per year
5 years	₹3.6 Lakhs to ₹7.8 Lakhs per year
6 years	₹3.6 Lakhs to ₹7.8 Lakhs per year
7 years	₹3.6 Lakhs to ₹5.5 Lakhs per year

and so on.

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Life Insurance Corporation of India Sales Manager Salaries

Life Insurance Corporation of India Sales Manager salary in India ranges between ₹3.6 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.