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Life Insurance Corporation of India Salesman salaries in India

Annual salary range
0 - 5 years exp.
₹1.5 Lakh - ₹3 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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23% less than the average Salesman Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Sales & Business Development
Salesman Salary
1 year exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2.2 L/yr

Construction & Site Engineering
Salesman Salary
4 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 25 Jul 2024

Companies similar to Life Insurance Corporation of India for Salesman

Company name Avg Annual Salary Open Jobs
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HDFC Life Salesman Salary

1 - 3 years exp. (3 salaries)

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₹3 L/yr - ₹4.9 L/yr

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₹2.6 L/yr - ₹3.3 L/yr

arrow icon 30% more
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Max Life Insurance Salesman Salary

0 - 7 years exp. (5 salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 67% more
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Bajaj Allianz Life Insurance Salesman Salary

0 - 2 years exp. (5 salaries)

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₹2.5 L/yr - ₹3.7 L/yr

arrow icon 31% more
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₹3.5 L/yr - ₹4.7 L/yr

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₹1.2 L/yr - ₹5.8 L/yr

arrow icon 33% more
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PNB MetLife Salesman Salary

5 - 21 years exp. (4 salaries)

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₹1.4 L/yr - ₹6.9 L/yr

arrow icon 90% more
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₹4.7 L/yr - ₹6.1 L/yr

arrow icon 134% more
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 21% more
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HDFC Ergo General Insurance Salesman Salary

1 - 2 years exp. (3 salaries)

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₹2.1 L/yr - ₹3.9 L/yr

arrow icon 42% more
Salesman salary at Life Insurance Corporation of India ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Salesman

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4 years exp.
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Experience wise Life Insurance Corporation of India Salesman salaries

Last Updated: 25 Jul 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹0.7 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)

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₹1.5 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
Team Lead Salary
(17 salaries)
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₹1.4 L/yr - ₹4 L/yr
Cashier Salary
(28 salaries)
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₹0.7 L/yr - ₹3 L/yr
Sales Officer Salary
(12 salaries)
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₹1 L/yr - ₹5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
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₹2.4 L/yr - ₹5 L/yr
Sales Executive Salary
(67 salaries)
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₹1 L/yr - ₹5 L/yr
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₹2 L/yr - ₹4 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹1.8 L/yr - ₹4 L/yr

Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 1 employees for salary & benefits

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.

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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.

  • 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
see more salary related reviews

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Life Insurance Corporation of India Salesman Salary FAQs

What is the salary of Salesman at Life Insurance Corporation of India?
Salesman salary at Life Insurance Corporation of India in India ranges between ₹1.5 Lakhs to ₹3.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 23% less than the average Salesman Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Salesman at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Salesman at Life Insurance Corporation of India is 23% less than the average salary of a Salesman in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Salesman in India?
  • ICICI Lombard General Insurance Company Salesman Salary - ₹4.7 Lakhs to ₹6.1 Lakhs per year
  • PNB MetLife Salesman Salary - ₹1.4 Lakhs to ₹6.9 Lakhs per year
  • Kotak Mahindara Life Insurance Salesman Salary - ₹3.5 Lakhs to ₹4.7 Lakhs per year
  • Max Life Insurance Salesman Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
  • HDFC Life Salesman Salary - ₹3.0 Lakhs to ₹4.9 Lakhs per year
What is the salary of a Salesman in companies similar to Life Insurance Corporation of India in India?
  • HDFC Ergo General Insurance Salesman Salary - ₹2.1 Lakhs to ₹3.9 Lakhs per year
  • Reliance Nippon Life Insurance Salesman Salary - ₹1.2 Lakhs to ₹5.8 Lakhs per year
  • Bajaj Allianz Life Insurance Salesman Salary - ₹2.5 Lakhs to ₹3.7 Lakhs per year
  • ICICI Prudential Life Insurance Salesman Salary - ₹2.6 Lakhs to ₹3.3 Lakhs per year
  • Bajaj Allianz General Insurance Salesman Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Salesman at Life Insurance Corporation of India in India?
The estimated take-home salary of a Salesman at Life Insurance Corporation of India ranges between ₹16,208 per month to ₹17,879 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Salesman salary in India which ranges between ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?
What is the notice period for Salesman at Life Insurance Corporation of India?
According to AmbitionBox, 60% of the Life Insurance Corporation of India Salesmans reported a notice period of 15 days or less, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Salesman salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.