Life Insurance Corporation of India Senior Associate Salaries by 4 Employees (Updated 2024)

6 - 8 years exp.

₹2.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Senior Associate Salary in Insurance Companies for 6 - 8 years of experience

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Last Updated: 3 Aug 2023

Companies similar to Life Insurance Corporation of India for Senior Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Associate Salary 0 - 8 years exp. (771 salaries)	₹1.1 L/yr - ₹4.7 L/yr 49% less	3 job openings
ICICI Prudential Life Insurance Senior Associate Salary 1 - 9 years exp. (298 salaries)	₹2.5 L/yr - ₹5.3 L/yr 35% less
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SBI Life Insurance Company Senior Associate Salary 0 - 11 years exp. (560 salaries)	₹2 L/yr - ₹7 L/yr 36% less
Max Life Insurance Senior Associate Salary 2 - 6 years exp. (25 salaries)	₹2.1 L/yr - ₹6.8 L/yr 42% less
Bajaj Allianz Life Insurance Senior Associate Salary 2 - 6 years exp. (10 salaries)	₹3 L/yr - ₹5.5 L/yr 38% less
Kotak Mahindara Life Insurance Senior Associate Salary 2 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹3.5 L/yr 47% less
Reliance Nippon Life Insurance Senior Associate Salary 2 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹2.8 L/yr 60% less
Tata AIA Life Insurance Senior Associate Salary 3 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹7 L/yr 21% less
PNB MetLife Senior Associate Salary 2 - 9 years exp. (12 salaries)	₹2.8 L/yr - ₹6 L/yr 38% less
Aditya Birla Sun Life Insurance Senior Associate Salary 2 - 8 years exp. (7 salaries)	₹2 L/yr - ₹6 L/yr 28% less
HDFC Ergo General Insurance Senior Associate Salary 1 - 8 years exp. (80 salaries)	₹2.3 L/yr - ₹5 L/yr 38% less
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Gallagher Senior Associate Salary 3 - 8 years exp. (52 salaries)	₹2.6 L/yr - ₹8 L/yr 22% less
Allianz Partners Senior Associate Salary 3 - 8 years exp. (21 salaries)	₹2.9 L/yr - ₹4.7 L/yr 42% less
Principal Global Services Senior Associate Salary 2 - 11 years exp. (19 salaries)	₹4 L/yr - ₹9.1 L/yr 1% more
Allianz Senior Associate Salary 1 - 7 years exp. (17 salaries)	₹3 L/yr - ₹5.5 L/yr 40% less
Shriram Life Insurance Senior Associate Salary 1 - 7 years exp. (14 salaries)	₹2.4 L/yr - ₹3.2 L/yr 58% less
ICICI Lombard General Insurance Company Senior Associate Salary 4 - 10 years exp. (12 salaries)	₹3 L/yr - ₹6.3 L/yr 31% less
Cholamandalam MS General Insurance Senior Associate Salary 0 - 13 years exp. (6 salaries)	₹1.2 L/yr - ₹4.9 L/yr 54% less
Bajaj Allianz General Insurance Senior Associate Salary 3 - 10 years exp. (6 salaries)	₹2.4 L/yr - ₹6.2 L/yr 32% less
Aditya Birla Health Insurance Co Senior Associate Salary 3 - 5 years exp. (6 salaries)	₹2.8 L/yr - ₹5 L/yr 43% less

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Senior Associate salary at Life Insurance Corporation of India ranges between ₹2.5 Lakhs to ₹10 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Senior Associate salaries

Last Updated: 3 Aug 2023

Experience	Avg Annual Salary
6 years (3 salaries)	₹2.5 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10 L/yr

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Salary related reviews for Life Insurance Corporation of India

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There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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...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

Development Officer in Mumbai

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• posted on 20 Feb 2023

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Good company in terms of the pay and benefits, but at a heavy price.

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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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...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.

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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 technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Life Insurance Corporation of India Senior Associate Salary FAQs

What is the salary of Senior Associate at Life Insurance Corporation of India?

Senior Associate salary at Life Insurance Corporation of India in India ranges between ₹2.5 Lakhs to ₹10.0 Lakhs for experience between 6 years to 8 years. According to our estimates it is 31% less than the average Senior Associate 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 Senior Associate at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Senior Associate at Life Insurance Corporation of India is 31% less than the average salary of a Senior Associate in India. To know exact salary insights, login to view.

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

The New India Assurance Co. Senior Associate Salary - ₹5.2 Lakhs to ₹12.0 Lakhs per year
Principal Global Services Senior Associate Salary - ₹4.0 Lakhs to ₹9.1 Lakhs per year

What is the salary of a Senior Associate in companies similar to Life Insurance Corporation of India in India?

Tata AIA Life Insurance Senior Associate Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Gallagher Senior Associate Salary - ₹2.6 Lakhs to ₹8.0 Lakhs per year
United India Insurance Company Senior Associate Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Sun Life Insurance Senior Associate Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
ICICI Lombard General Insurance Company Senior Associate Salary - ₹3.0 Lakhs to ₹6.3 Lakhs per year

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

The estimated take-home salary of a Senior Associate at Life Insurance Corporation of India ranges between ₹49,868 per month to ₹51,046 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Senior Associate salary in India which ranges between ₹2.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 6 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Senior Associate at Life Insurance Corporation of India?

According to AmbitionBox, 50% of the Life Insurance Corporation of India Senior Associates reported a notice period of 1 Month, 50% reported a notice period of More than 3 months.This is based on 2 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Senior Associate Salaries

Life Insurance Corporation of India Senior Associate salary in India ranges between ₹2.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.