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Life Insurance Corporation of India Team Lead salaries in India

Annual salary range
0 - 7 years exp.
₹1.4 Lakh - ₹4 Lakhs
Salary of majority employees
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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)
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₹1.9 L/yr - ₹3 L/yr

Sales & Business Development
Team Lead Salary
3 - 4 years exp. (3 salaries)
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₹3.4 L/yr - ₹3.5 L/yr

BFSI, Investments & Trading
Team Lead Salary
1 - 7 years exp. (AmbitionBox Estimate)
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₹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
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₹1.1 L/yr - ₹8.5 L/yr

arrow icon 27% more
1 job opening
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Star Health & Allied Insurance Team Lead Salary

2 - 10 years exp. (125 salaries)

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₹2 L/yr - ₹6.1 L/yr

arrow icon 35% more
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₹1.9 L/yr - ₹9 L/yr

arrow icon 52% more
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Allianz Partners Team Lead Salary

4 - 9 years exp. (58 salaries)

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₹3.8 L/yr - ₹8 L/yr

arrow icon 112% more
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HDFC Life Team Lead Salary

0 - 8 years exp. (58 salaries)

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₹1.4 L/yr - ₹8.5 L/yr

arrow icon 24% more
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Shriram Life Insurance Team Lead Salary

2 - 7 years exp. (44 salaries)

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₹2.4 L/yr - ₹5.5 L/yr

arrow icon 34% more
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Bajaj Allianz Life Insurance Team Lead Salary

1 - 7 years exp. (46 salaries)

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₹1.8 L/yr - ₹7.3 L/yr

arrow icon 29% more
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Reliance Nippon Life Insurance Team Lead Salary

0 - 11 years exp. (43 salaries)

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₹2.4 L/yr - ₹4.6 L/yr

arrow icon 17% more
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HDFC Ergo General Insurance Team Lead Salary

2 - 11 years exp. (43 salaries)

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₹2.5 L/yr - ₹5.4 L/yr

arrow icon 51% more
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₹2.8 L/yr - ₹9.5 L/yr

arrow icon 80% more
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Kotak Mahindara Life Insurance Team Lead Salary

2 - 10 years exp. (34 salaries)

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₹1.2 L/yr - ₹7 L/yr

arrow icon 26% more
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Tata AIA Life Insurance Team Lead Salary

0 - 10 years exp. (33 salaries)

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₹2 L/yr - ₹8.4 L/yr

arrow icon 79% more
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₹1.5 L/yr - ₹8.8 L/yr

arrow icon 39% more
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Axis Max Life Insurance Team Lead Salary

0 - 8 years exp. (21 salaries)

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₹2.6 L/yr - ₹9 L/yr

arrow icon 37% more
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Principal Global Services Team Lead Salary

3 - 13 years exp. (18 salaries)

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₹10.7 L/yr - ₹23.4 L/yr

arrow icon 364% more
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₹4 L/yr - ₹7.4 L/yr

arrow icon 67% more
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SBI Life Insurance Company Team Lead Salary

1 - 13 years exp. (14 salaries)

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₹2.3 L/yr - ₹6 L/yr

arrow icon 17% more
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Gallagher Team Lead Salary

8 - 16 years exp. (12 salaries)

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₹4.3 L/yr - ₹17.2 L/yr

arrow icon 239% more
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₹5.1 L/yr - ₹7 L/yr

arrow icon 76% more
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Allianz Team Lead Salary

5 - 15 years exp. (5 salaries)

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₹5.8 L/yr - ₹22.5 L/yr

arrow icon 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.

Latest annual salaries shared by Life Insurance Corporation of India Team Lead

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Experience wise Life Insurance Corporation of India Team Lead salaries

Last Updated: 31 Jul 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.9 L/yr - ₹4.8 L/yr
1 year  (4 salaries)

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₹2 L/yr - ₹3 L/yr
2 years  (4 salaries)

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₹1.9 L/yr - ₹4 L/yr
3 years  (4 salaries)

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₹1.4 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.5 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Team Manager Salary
(AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.8 L/yr
Technical Lead Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Supervisor Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Branch Manager Salary
(15 salaries)
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₹9.65 L/yr - ₹31 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹2.5 L/yr - ₹6 L/yr
Team Lead And Incharge Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
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₹2 L/yr - ₹2.5 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr

Salary related reviews for Life Insurance Corporation of India

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

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.

read more
  • Job security - Bad
  • +4 more
see more salary related reviews

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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.

Tell us how to improve this page.

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