Life Insurance Corporation of India Team Manager Salaries by 2 Employees (Updated 2025)

1 - 5 years exp.

₹6.1 Lakhs - ₹7.8 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 1 - 10 years exp. (24 salaries)	₹3.5 L/yr - ₹6.9 L/yr 6% less
ICICI Prudential Life Insurance Team Manager Salary 0 - 10 years exp. (17 salaries)	₹3.8 L/yr - ₹10.5 L/yr 9% 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 52% more
Max Life Insurance Team Manager Salary 4 - 13 years exp. (16 salaries)	₹5.8 L/yr - ₹20.3 L/yr 72% more
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (13 salaries)	₹2.2 L/yr - ₹9.8 L/yr 2% less
Kotak Mahindara Life Insurance Team Manager Salary 0 - 9 years exp. (13 salaries)	₹1.2 L/yr - ₹8.7 L/yr 24% less
Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (5 salaries)	₹3.5 L/yr - ₹6.9 L/yr 37% less
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	₹4 L/yr - ₹16.7 L/yr 42% more
PNB MetLife Team Manager Salary 2 - 11 years exp. (10 salaries)	₹4.1 L/yr - ₹17.3 L/yr 42% more	1 job opening
Aditya Birla Sun Life Insurance Team Manager Salary 5 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr 1% less
Gallagher Team Manager Salary 7 - 14 years exp. (207 salaries)	₹4.3 L/yr - ₹12.7 L/yr 27% more	3 job openings
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Care Health Insurance Team Manager Salary 4 - 10 years exp. (44 salaries)	₹3.4 L/yr - ₹6.5 L/yr 26% less
ICICI Lombard General Insurance Company Team Manager Salary 2 - 16 years exp. (20 salaries)	₹2.5 L/yr - ₹11 L/yr 4% more
Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (15 salaries)	₹3 L/yr - ₹7.8 L/yr 36% less
Bajaj Allianz General Insurance Team Manager Salary 2 - 13 years exp. (10 salaries)	₹2.8 L/yr - ₹12 L/yr 2% less
HDFC Ergo General Insurance Team Manager Salary 2 - 10 years exp. (11 salaries)	₹5.8 L/yr - ₹12 L/yr 5% more
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 159% more
Aditya Birla Health Insurance Co Team Manager Salary 5 - 6 years exp. (4 salaries)	₹6.5 L/yr - ₹16.2 L/yr 50% more
Allianz Team Manager Salary 5 - 16 years exp. (4 salaries)	₹5.8 L/yr - ₹29.6 L/yr 204% more
AON Global Insurance Brokers Team Manager Salary 4 - 8 years exp. (3 salaries)	₹5.4 L/yr - ₹13 L/yr 19% more

View all

Team Manager salary at Life Insurance Corporation of India ranges between ₹6.1 Lakhs to ₹7.8 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

Area Manager Salary

(4 salaries)

₹7.5 L/yr - ₹10 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Branch Manager Salary

(19 salaries)

₹12.31 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

Project Manager Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Operations Manager Salary

(4 salaries)

₹2 L/yr - ₹4.5 L/yr

Relationship Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5 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

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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fathersahaab

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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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 ₹6.1 Lakhs to ₹7.8 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.