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Life Insurance Corporation of India Senior Executive salaries in India

Annual salary range
3 - 10 years exp.
₹3.5 Lakhs - ₹5.6 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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13% less than the average Senior Executive Salary in Insurance Companies for 3 - 10 years of experience

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Salaries in different departments

Research & Development
Senior Executive Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹2.3 L/yr - ₹3.5 L/yr

Sales & Business Development
Senior Executive Salary
10 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹10 L/yr

Last Updated: 3 Oct 2024

Companies similar to Life Insurance Corporation of India for Senior Executive

Company name Avg Annual Salary Open Jobs
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₹1.7 L/yr - ₹5.8 L/yr

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₹3.5 L/yr - ₹7.2 L/yr

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7 job openings
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₹1.8 L/yr - ₹6 L/yr

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₹2.1 L/yr - ₹6.8 L/yr

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₹1.9 L/yr - ₹6 L/yr

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Shriram Life Insurance Senior Executive Salary

2 - 7 years exp. (175 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 31% less
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HDFC Life Senior Executive Salary

0 - 9 years exp. (164 salaries)

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₹2.1 L/yr - ₹5 L/yr

arrow icon 23% less
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₹2 L/yr - ₹4.5 L/yr

arrow icon 33% less
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Tata AIA Life Insurance Senior Executive Salary

3 - 11 years exp. (120 salaries)

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₹3.1 L/yr - ₹10.3 L/yr

arrow icon 33% more
1 job opening
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₹2.2 L/yr - ₹6 L/yr

arrow icon 18% less
View all
Senior Executive salary at Life Insurance Corporation of India ranges between ₹3.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Senior Executive

4mo ago
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10 years exp.
1y ago
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3 years exp.
1y ago
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4 years exp.

Experience wise Life Insurance Corporation of India Senior Executive salaries

Last Updated: 3 Oct 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹8.1 L/yr
4 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹8.3 L/yr
5 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.6 L/yr
7 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.7 L/yr
View all
Life Insurance Corporation of India Senior Executive Salary and Career Growth

From

To

Senior Executive

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3 - 10 years exp.

Administration Manager

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25 - 32 years exp.

Senior Executive

3 - 10 years exp.
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Assistant Administrative Officer

4 - 15 years exp.
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arrow icon 198% hike

Administration Officer

9 - 31 years exp.
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arrow icon 23% 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

Finance Executive Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
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₹2.5 L/yr - ₹6 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹2.83 L/yr - ₹15 L/yr
Accounting Staff Salary
(AmbitionBox Estimate)
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₹0.7 L/yr - ₹0.9 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
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₹1 L/yr - ₹6 L/yr

Salary related reviews for Life Insurance Corporation of India

4.1

Rated by 3 employees for salary & benefits

BFSI, Investments & Trading Department

5.0
  •  posted on 10 May 2018

2.0
 for  Salary and Benefits

Likes

...d Pratapgarh branch in post financial services executive Banccassurence channel.its company no job security and no career growth, and no salary enough,. This company good work environment and innovation.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

The Lic of India a big company insurance sector but no job security and life . The Lic of India a chitting company for employee because a large employee selections contractual basis employee and any time works out in company.

read more
  • Salary - Poor
  • +3 more

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
see more salary related reviews

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Life Insurance Corporation of India Senior Executive Salary FAQs

What is the salary of Senior Executive at Life Insurance Corporation of India ?
The average salary of a Senior Executive at Life Insurance Corporation of India in India typically ranges from ₹3.5 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Senior Executive at Life Insurance Corporation of India earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Senior 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 4 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Senior Executive at Life Insurance Corporation of India in India?
The estimated take-home salary of a Senior Executive at Life Insurance Corporation of India in India typically ranges from ₹36,673 to ₹37,888 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 3 years to 10 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 4 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Life Insurance Corporation of India for Senior Executive in India?
Tata AIA Life Insurance ₹3.1 Lakhs to ₹10.3 Lakhs per year
AXA ₹3.9 Lakhs to ₹8.5 Lakhs per year
Allianz ₹4.0 Lakhs to ₹8.7 Lakhs per year
Bajaj Allianz General Insurance ₹3.5 Lakhs to ₹7.2 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 Senior Executive in companies similar to Life Insurance Corporation of India in India?
The salary of a Senior Executive 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:

AON Global Insurance Brokers ₹4.3 Lakhs to ₹5.3 Lakhs per year
Bajaj Allianz Life Insurance ₹2.1 Lakhs to ₹6.8 Lakhs per year
Allianz Partners ₹3.0 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company ₹2.2 Lakhs to ₹7.5 Lakhs per year
Gallagher ₹1.8 Lakhs to ₹9.0 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 Senior Executive at Life Insurance Corporation of India in India?
The salary growth for a Senior Executive at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Senior Executive can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
3 years ₹3.5 Lakhs to ₹8.1 Lakhs per year
4 years ₹3.5 Lakhs to ₹8.3 Lakhs per year
5 years ₹4.3 Lakhs to ₹5.4 Lakhs per year
6 years ₹4.4 Lakhs to ₹5.6 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Senior Executive salary in India ranges between ₹3.5 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.