Life Insurance Corporation of India Mumbai Senior Manager Salaries by Employees (Updated 2025)

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₹12.2 Lakhs - ₹15.6 Lakhs

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Last Updated: 4 Jul 2024

Companies similar to Life Insurance Corporation of India for Senior Manager in Mumbai

Life Insurance Corporation of India Senior Manager Salary

20 years exp. (AmbitionBox Estimate)

₹12.2 L/yr - ₹15.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (357 salaries)	₹7.1 L/yr - ₹26 L/yr 10% more
ICICI Prudential Life Insurance Senior Manager Salary 0 - 9 years exp. (279 salaries)	₹10.7 L/yr - ₹27 L/yr 38% more
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SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (14 salaries)	₹6.7 L/yr - ₹17 L/yr 7% less
Axis Max Life Insurance Senior Manager Salary 4 - 16 years exp. (25 salaries)	₹7.5 L/yr - ₹30.3 L/yr 35% more	1 job opening
Bajaj Allianz Life Insurance Senior Manager Salary 1 - 10 years exp. (17 salaries)	₹9.1 L/yr - ₹20 L/yr 8% less	2 job openings
Kotak Mahindara Life Insurance Senior Manager Salary 1 - 15 years exp. (281 salaries)	₹4 L/yr - ₹12.1 L/yr 46% less	2 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (103 salaries)	₹5.1 L/yr - ₹15.2 L/yr 26% less
Tata AIA Life Insurance Senior Manager Salary 7 - 20 years exp. (170 salaries)	₹10.8 L/yr - ₹40 L/yr 90% more	11 job openings
PNB MetLife Senior Manager Salary 8 - 16 years exp. (35 salaries)	₹6.6 L/yr - ₹23 L/yr 2% more	2 job openings
Aditya Birla Sun Life Insurance Senior Manager Salary 1 - 9 years exp. (32 salaries)	₹6.3 L/yr - ₹18.4 L/yr 14% less
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (464 salaries)	₹5 L/yr - ₹15 L/yr 28% less	3 job openings
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HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (119 salaries)	₹7 L/yr - ₹24 L/yr 20% more
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 14 years exp. (68 salaries)	₹4.2 L/yr - ₹17.5 L/yr 25% less
Aditya Birla Insurance Brokers Senior Manager Salary 3 - 20 years exp. (19 salaries)	₹9.4 L/yr - ₹16.2 L/yr 10% less
General Insurance Corporation of India Senior Manager Salary 10 - 15 years exp. (9 salaries)	₹22 L/yr - ₹50 L/yr 117% more
Gallagher Senior Manager Salary 10 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹20.7 L/yr 25% more
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 34% less
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (3 salaries)	₹3.5 L/yr - ₹13.3 L/yr 42% less
Bajaj Allianz General Insurance Senior Manager Salary 12 - 15 years exp. (3 salaries)	₹6.8 L/yr - ₹17.6 L/yr 13% more	1 job opening

Senior Manager salary at Life Insurance Corporation of India ranges between ₹12.2 Lakhs to ₹15.6 Lakhs per year for employees with 20 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Life Insurance Corporation of India.

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Salary related reviews for Life Insurance Corporation of India

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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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Life Insurance Corporation of India Senior Manager Salary FAQs

What is the notice period for Senior Manager at Life Insurance Corporation of India in Mumbai?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Senior Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Senior Manager Salaries in Mumbai

Life Insurance Corporation of India Senior Manager salary in Mumbai ranges between ₹12.2 Lakhs to ₹15.6 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.