Life Insurance Corporation of India Team Manager Salaries by 2 Employees (Updated 2024)

1 - 5 years exp.

₹3.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

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Salaries in different departments

Customer Success, Service & Operations Team Manager Salary 1 year exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
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Sales & Business Development Team Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 9 Feb 2024

Companies similar to Life Insurance Corporation of India for Team Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Team Manager Salary 2 - 10 years exp. (30 salaries)	₹4.8 L/yr - ₹7.6 L/yr 4% more
ICICI Prudential Life Insurance Team Manager Salary 0 - 10 years exp. (17 salaries)	₹3.8 L/yr - ₹10.5 L/yr 12% more
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SBI Life Insurance Company Team Manager Salary 3 - 12 years exp. (8 salaries)	₹7.5 L/yr - ₹17.4 L/yr 56% more
Max Life Insurance Team Manager Salary 4 - 13 years exp. (16 salaries)	₹5.8 L/yr - ₹20.3 L/yr 78% more
Bajaj Allianz Life Insurance Team Manager Salary 0 - 12 years exp. (18 salaries)	₹3.9 L/yr - ₹14.7 L/yr 21% more
Kotak Mahindara Life Insurance Team Manager Salary 0 - 9 years exp. (17 salaries)	₹1.2 L/yr - ₹8.7 L/yr 22% less
Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (5 salaries)	₹3.5 L/yr - ₹6.9 L/yr 35% less
Tata AIA Life Insurance Team Manager Salary 4 - 14 years exp. (13 salaries)	₹4 L/yr - ₹16 L/yr 35% more
PNB MetLife Team Manager Salary 2 - 11 years exp. (10 salaries)	₹4.1 L/yr - ₹17.3 L/yr 46% more
Aditya Birla Sun Life Insurance Team Manager Salary 3 - 12 years exp. (7 salaries)	₹5.5 L/yr - ₹12.3 L/yr 16% more
Gallagher Team Manager Salary 7 - 14 years exp. (204 salaries)	₹4.3 L/yr - ₹15 L/yr 26% more	2 job openings
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Care Health Insurance Team Manager Salary 4 - 10 years exp. (42 salaries)	₹3.4 L/yr - ₹6 L/yr 27% less
ICICI Lombard General Insurance Company Team Manager Salary 2 - 15 years exp. (27 salaries)	₹4.1 L/yr - ₹15.3 L/yr 39% more
HDFC Ergo General Insurance Team Manager Salary 3 - 10 years exp. (17 salaries)	₹5.8 L/yr - ₹14.9 L/yr 43% more
Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (16 salaries)	₹3 L/yr - ₹7.8 L/yr 36% less
Bajaj Allianz General Insurance Team Manager Salary 2 - 13 years exp. (12 salaries)	₹2.8 L/yr - ₹13.4 L/yr 11% more
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 167% more
AON Global Insurance Brokers Team Manager Salary 4 - 17 years exp. (4 salaries)	₹5.4 L/yr - ₹13 L/yr 46% more
Aditya Birla Health Insurance Co Team Manager Salary 4 - 6 years exp. (4 salaries)	₹4.8 L/yr - ₹9.2 L/yr 8% less
AXA Team Manager Salary 4 - 15 years exp. (4 salaries)	₹20 L/yr - ₹30 L/yr 258% more

View all

Team Manager salary at Life Insurance Corporation of India ranges between ₹3.5 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

Branch Manager Salary

(18 salaries)

₹7.6 L/yr - ₹28 L/yr

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Team Lead Salary

(17 salaries)

₹1.4 L/yr - ₹4 L/yr

Operations Manager Salary

(4 salaries)

₹2 L/yr - ₹4.5 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

Senior Analyst Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹10 L/yr

Team Lead And Incharge Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 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

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

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.

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

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.

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.

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.

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Life Insurance Corporation of India Team Manager Salary FAQs

What is the notice period for Team Manager at Life Insurance Corporation of India?

According to AmbitionBox, 100% of the Life Insurance Corporation of India Team Managers reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Team Manager Salaries

Life Insurance Corporation of India Team Manager salary in India ranges between ₹3.5 Lakhs to ₹10 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.