Life Insurance Corporation of India Sub Staff Salaries by 4 Employees

1 - 8 years exp.

₹1.2 Lakh - ₹2.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

13% less than the average Sub Staff Salary in Insurance Companies for 1 - 8 years of experience

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Last Updated: 16 Nov 2024

Companies similar to Life Insurance Corporation of India for Sub Staff

Company name	Avg Annual Salary	Open Jobs
Indian Bank Sub Staff Salary 2 - 6 years exp. (13 salaries)	₹1 L/yr - ₹2.5 L/yr 12% less
City Union Bank Sub Staff Salary 0 - 4 years exp. (8 salaries)	₹1 L/yr - ₹2.2 L/yr 7% less
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Canara Bank Sub Staff Salary 3 - 5 years exp. (7 salaries)	₹1.5 L/yr - ₹2.3 L/yr 19% more
Dhoot Transmission Sub Staff Salary 1 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹3.1 L/yr 7% more
Indian Overseas Bank Sub Staff Salary 0 - 4 years exp. (6 salaries)	₹0.6 L/yr - ₹1.5 L/yr 45% less

Sub Staff salary at Life Insurance Corporation of India ranges between ₹1.2 Lakh to ₹2.2 Lakhs per year for employees with experience between 1 year 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 Sub Staff salaries

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2.2 L/yr
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3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
6 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.4 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.4 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Accountant Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Team Lead Salary

(17 salaries)

₹1.4 L/yr - ₹4 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Sales Officer Salary

(11 salaries)

₹1 L/yr - ₹5 L/yr

Receptionist Salary

(4 salaries)

₹1.32 L/yr - ₹1.8 L/yr

Back Office Staff Salary

(4 salaries)

₹0.85 L/yr - ₹2.5 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Sales Executive Salary

(67 salaries)

₹1 L/yr - ₹6 L/yr

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹6 L/yr

Salary related reviews for Life Insurance Corporation of India

4.1

Rated by 3 employees for salary & benefits

Data Entry Operator in Patna

Data Science & Analytics Department

5.0

• posted on 28 Dec 2021

5.0

for Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joiners.

Computer Operator in Lucknow

Nb department Department

5.0

• posted on 11 Oct 2021

2.0

for Salary and Benefits

Likes

...rtive team HOD and other members are very friendly and always ready to support . Good salary and no salary issue you also have an opportunity to increase your knowledge in insurance sector .

Job security - Excellent

+3 more

Dislikes

Salary - Poor
Skill development - Poor

+1 more

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Life Insurance Corporation of India Sub Staff Salary FAQs

What is the salary of Sub Staff at Life Insurance Corporation of India ?

The average salary of a Sub Staff at Life Insurance Corporation of India in India typically ranges from ₹1.2 Lakhs to ₹2.2 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Sub Staff at Life Insurance Corporation of India earn more than ₹2.2 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Sub Staff 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 Sub Staff at Life Insurance Corporation of India in India?

The estimated take-home salary of a Sub Staff at Life Insurance Corporation of India in India typically ranges from ₹12,522 to ₹13,875 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.2 Lakhs per year for employees with experience ranging from 1 year to 8 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 Sub Staff in India?

Canara Bank	₹1.5 Lakhs to ₹2.3 Lakhs per year
Dhoot Transmission	₹1.2 Lakhs to ₹3.1 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 Sub Staff in companies similar to Life Insurance Corporation of India in India?

The salary of a Sub Staff 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:

City Union Bank	₹1.0 Lakhs to ₹2.2 Lakhs per year
Indian Bank	₹1.0 Lakhs to ₹2.5 Lakhs per year
Indian Overseas Bank	₹0.6 Lakhs to ₹1.5 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 Sub Staff at Life Insurance Corporation of India in India?

The salary growth for a Sub Staff at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Sub Staff can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹3.2 Lakhs per year
2 years	₹0.7 Lakhs to ₹2.2 Lakhs per year
3 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
4 years	₹1.6 Lakhs to ₹2.1 Lakhs per year

and so on.

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Life Insurance Corporation of India Sub Staff Salaries

Life Insurance Corporation of India Sub Staff salary in India ranges between ₹1.2 Lakh to ₹2.2 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.