Life Insurance Corporation of India Team Lead Salaries by 10+ Employees

0 - 7 years exp.

₹1.4 Lakh - ₹4 Lakhs

Salary of majority employees

67% less than the average Team Lead Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Team Lead Salary 0 - 3 years exp. (6 salaries)	₹1.9 L/yr - ₹3 L/yr
Sales & Business Development Team Lead Salary 3 - 4 years exp. (3 salaries)	₹3.4 L/yr - ₹3.5 L/yr
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BFSI, Investments & Trading Team Lead Salary 1 - 7 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 31 Jul 2024

Companies similar to Life Insurance Corporation of India for Team Lead

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Team Lead Salary 1 - 11 years exp. (126 salaries)	₹1.1 L/yr - ₹8.5 L/yr 27% more	1 job opening
Star Health & Allied Insurance Team Lead Salary 2 - 10 years exp. (125 salaries)	₹2 L/yr - ₹6.1 L/yr 35% more
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Bajaj Allianz General Insurance Team Lead Salary 0 - 12 years exp. (83 salaries)	₹1.9 L/yr - ₹9 L/yr 52% more
Allianz Partners Team Lead Salary 4 - 9 years exp. (58 salaries)	₹3.8 L/yr - ₹8 L/yr 112% more
HDFC Life Team Lead Salary 0 - 8 years exp. (58 salaries)	₹1.4 L/yr - ₹8.5 L/yr 24% more
Shriram Life Insurance Team Lead Salary 2 - 7 years exp. (44 salaries)	₹2.4 L/yr - ₹5.5 L/yr 34% more
Bajaj Allianz Life Insurance Team Lead Salary 1 - 7 years exp. (46 salaries)	₹1.8 L/yr - ₹7.3 L/yr 29% more
Reliance Nippon Life Insurance Team Lead Salary 0 - 11 years exp. (43 salaries)	₹2.4 L/yr - ₹4.6 L/yr 17% more
HDFC Ergo General Insurance Team Lead Salary 2 - 11 years exp. (43 salaries)	₹2.5 L/yr - ₹5.4 L/yr 51% more
Cholamandalam MS General Insurance Team Lead Salary 3 - 17 years exp. (36 salaries)	₹2.8 L/yr - ₹9.5 L/yr 80% more
Kotak Mahindara Life Insurance Team Lead Salary 2 - 10 years exp. (34 salaries)	₹1.2 L/yr - ₹7 L/yr 26% more
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Tata AIA Life Insurance Team Lead Salary 0 - 10 years exp. (33 salaries)	₹2 L/yr - ₹8.4 L/yr 79% more
ICICI Prudential Life Insurance Team Lead Salary 0 - 6 years exp. (23 salaries)	₹1.5 L/yr - ₹8.8 L/yr 39% more
Axis Max Life Insurance Team Lead Salary 0 - 8 years exp. (21 salaries)	₹2.6 L/yr - ₹9 L/yr 37% more
Principal Global Services Team Lead Salary 3 - 13 years exp. (18 salaries)	₹10.7 L/yr - ₹23.4 L/yr 364% more
Aditya Birla Health Insurance Co Team Lead Salary 2 - 7 years exp. (14 salaries)	₹4 L/yr - ₹7.4 L/yr 67% more
SBI Life Insurance Company Team Lead Salary 1 - 13 years exp. (14 salaries)	₹2.3 L/yr - ₹6 L/yr 17% more
Gallagher Team Lead Salary 8 - 16 years exp. (12 salaries)	₹4.3 L/yr - ₹17.2 L/yr 239% more
Aditya Birla Sun Life Insurance Team Lead Salary 0 - 4 years exp. (6 salaries)	₹5.1 L/yr - ₹7 L/yr 76% more
Allianz Team Lead Salary 5 - 15 years exp. (5 salaries)	₹5.8 L/yr - ₹22.5 L/yr 341% more

View all

Team Lead salary at Life Insurance Corporation of India ranges between ₹1.4 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 17 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Team Lead salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
1 year (4 salaries)	₹2 L/yr - ₹3 L/yr
Login to view exact salary
2 years (4 salaries)	₹1.9 L/yr - ₹4 L/yr
3 years (4 salaries)	₹1.4 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.8 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Team Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Branch Manager Salary

(15 salaries)

₹9.65 L/yr - ₹31 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹6 L/yr

Team Lead And Incharge Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Operations Manager Salary

(4 salaries)

₹2 L/yr - ₹2.5 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Salary related reviews for Life Insurance Corporation of India

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.

Development Officer in Birbhum

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2022

4.0

for Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Salary - Good

+1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

Job security - Bad

+4 more

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Life Insurance Corporation of India Team Lead Salary FAQs

What is the salary of Team Lead at Life Insurance Corporation of India ?

The average salary of a Team Lead at Life Insurance Corporation of India in India typically ranges from ₹1.4 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Team Lead at Life Insurance Corporation of India earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Team Lead 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 10+ Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Team Lead at Life Insurance Corporation of India in India typically ranges from ₹21,148 to ₹22,794 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 10+ 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 Team Lead in India?

AXA	₹7.9 Lakhs to ₹18.3 Lakhs per year
AIG	₹5.9 Lakhs to ₹21.0 Lakhs per year
Principal Global Services	₹10.7 Lakhs to ₹23.4 Lakhs per year
Allianz	₹5.8 Lakhs to ₹22.5 Lakhs per year
Gallagher	₹4.3 Lakhs to ₹17.2 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 Team Lead in companies similar to Life Insurance Corporation of India in India?

The salary of a Team Lead 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:

Allianz Partners	₹3.8 Lakhs to ₹8.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹9.5 Lakhs per year
Tata AIA Life Insurance	₹2.0 Lakhs to ₹8.4 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.1 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co	₹4.0 Lakhs to ₹7.4 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 Team Lead at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹4.8 Lakhs per year
1 year	₹2.0 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.9 Lakhs to ₹4.0 Lakhs per year
3 years	₹1.4 Lakhs to ₹4.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Team Lead Salaries

Life Insurance Corporation of India Team Lead salary in India ranges between ₹1.4 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.