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Life Insurance Corporation of India Senior Manager salaries in India

Annual salary range
7 - 31 years exp.
₹4.2 Lakhs - ₹24 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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37% less than the average Senior Manager Salary in Insurance Companies for 7 - 31 years of experience

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Salaries in different departments

Sales & Business Development
Senior Manager Salary
7 - 13 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹4.7 L/yr

BFSI, Investments & Trading
Senior Manager Salary
14 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Customer Success, Service & Operations
Senior Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹21.6 L/yr - ₹26.4 L/yr

Administration & Facilities
Senior Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹21.6 L/yr - ₹26.4 L/yr

Legal & Regulatory
Senior Manager Salary
14 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 2 Aug 2024

Companies similar to Life Insurance Corporation of India for Senior Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Senior Manager Salary

2 - 18 years exp. (577 salaries)

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₹9 L/yr - ₹25 L/yr

arrow icon 3% more
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₹11 L/yr - ₹27 L/yr

arrow icon 31% more
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₹4 L/yr - ₹17.4 L/yr

arrow icon 27% less
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Axis Max Life Insurance Senior Manager Salary

5 - 17 years exp. (310 salaries)

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₹7.8 L/yr - ₹29 L/yr

arrow icon 26% more
1 job opening
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₹6.2 L/yr - ₹13.7 L/yr

arrow icon 27% less
2 job openings
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₹3.3 L/yr - ₹12.1 L/yr

arrow icon 50% less
2 job openings
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₹6.6 L/yr - ₹13.7 L/yr

arrow icon 38% less
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Tata AIA Life Insurance Senior Manager Salary

7 - 19 years exp. (232 salaries)

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₹10.8 L/yr - ₹40 L/yr

arrow icon 83% more
11 job openings
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PNB MetLife Senior Manager Salary

6 - 16 years exp. (100 salaries)

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₹4.3 L/yr - ₹18 L/yr

arrow icon 22% less
2 job openings
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₹4 L/yr - ₹10 L/yr

arrow icon 33% less
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₹4.9 L/yr - ₹13.8 L/yr

arrow icon 29% less
3 job openings
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₹7 L/yr - ₹24 L/yr

arrow icon 10% more
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₹3 L/yr - ₹15.5 L/yr

arrow icon 35% less
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₹4 L/yr - ₹14 L/yr

arrow icon 39% less
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₹4.5 L/yr - ₹12.9 L/yr

arrow icon 21% less
1 job opening
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₹3.5 L/yr - ₹14.6 L/yr

arrow icon 37% less
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Shriram Life Insurance Senior Manager Salary

1 - 18 years exp. (25 salaries)

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₹3.5 L/yr - ₹15 L/yr

arrow icon 39% less
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₹9.4 L/yr - ₹16.2 L/yr

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AIG Senior Manager Salary

9 - 21 years exp. (21 salaries)

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₹18.5 L/yr - ₹35.1 L/yr

arrow icon 118% more
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Allianz Partners Senior Manager Salary

10 - 17 years exp. (16 salaries)

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₹10.8 L/yr - ₹27 L/yr

arrow icon 40% more
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Senior Manager salary at Life Insurance Corporation of India ranges between ₹4.2 Lakhs to ₹24 Lakhs per year for employees with experience between 7 years to 31 years. Salary estimates are based on 7 latest salaries received from various employees of Life Insurance Corporation of India.

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

5mo ago
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31 years exp.
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20 years exp.
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14 years exp.
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13 years exp.
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31 years exp.
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14 years exp.
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7 years exp.

Experience wise Life Insurance Corporation of India Senior Manager salaries

Last Updated: 2 Aug 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
9 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7.1 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

Store Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
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₹12 L/yr - ₹34.94 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹4 L/yr - ₹11.5 L/yr
Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.7 L/yr - ₹7.2 L/yr
Branch Manager Salary
(14 salaries)
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₹15.31 L/yr - ₹28 L/yr
Area Manager Salary
(4 salaries)
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₹7.5 L/yr - ₹10 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹13.1 L/yr - ₹16.8 L/yr
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₹1 L/yr - ₹5.75 L/yr

Salary related reviews for Life Insurance Corporation of India

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

read more
  • 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

read 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

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  • 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

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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

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  • 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
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Life Insurance Corporation of India Senior Manager Salary FAQs

What is the salary of Senior Manager at Life Insurance Corporation of India?
Senior Manager salary at Life Insurance Corporation of India in India ranges between ₹4.2 Lakhs to ₹24.0 Lakhs for experience between 7 years to 31 years. According to our estimates it is 37% less than the average Senior Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Senior Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Senior Manager at Life Insurance Corporation of India is 37% less than the average salary of a Senior Manager 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 Manager in India?
  • Principal Global Services Senior Manager Salary - ₹32.0 Lakhs to ₹50.0 Lakhs per year
  • AIG Senior Manager Salary - ₹18.5 Lakhs to ₹35.1 Lakhs per year
  • General Insurance Corporation of India Senior Manager Salary - ₹22.0 Lakhs to ₹50.0 Lakhs per year
  • Allianz Senior Manager Salary - ₹24.0 Lakhs to ₹30.0 Lakhs per year
  • Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹40.0 Lakhs per year
What is the salary of a Senior Manager in companies similar to Life Insurance Corporation of India in India?
  • AXA Senior Manager Salary - ₹20.0 Lakhs to ₹26.5 Lakhs per year
  • Allianz Partners Senior Manager Salary - ₹10.8 Lakhs to ₹27.0 Lakhs per year
  • ICICI Prudential Life Insurance Senior Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
  • Axis Max Life Insurance Senior Manager Salary - ₹7.8 Lakhs to ₹29.0 Lakhs per year
  • Gallagher Senior Manager Salary - ₹8.6 Lakhs to ₹27.0 Lakhs per year
What is the estimated take home salary of a Senior Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Senior Manager at Life Insurance Corporation of India ranges between ₹95,290 per month to ₹97,859 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Senior Manager salary in India which ranges between ₹4.2 Lakhs to ₹24.0 Lakhs per year for employees with experience between 7 years to 31 years. Check how did we calculate take home salary?
What is the notice period for Senior Manager at Life Insurance Corporation of India?
According to AmbitionBox, 40% of the Life Insurance Corporation of India Senior Managers reported a notice period of 3 Months, 20% reported a notice period of 15 days or less 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 Senior Manager salary in India ranges between ₹4.2 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.