Life Insurance Corporation of India Underwriter Salaries by 4 Employees (Updated 2025)

3 - 31 years exp.

₹3 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

107% more than the average Underwriter Salary in Insurance Companies for 3 - 31 years of experience

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Last Updated: 8 Dec 2024

Companies similar to Life Insurance Corporation of India for Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Life Underwriter Salary 0 - 5 years exp. (15 salaries)	₹1.8 L/yr - ₹4.7 L/yr 64% less
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 61% less
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SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (25 salaries)	₹2.5 L/yr - ₹7.3 L/yr 58% less
Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.1 L/yr 78% less
Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹8 L/yr 63% less
Kotak Mahindara Life Insurance Underwriter Salary 0 - 2 years exp. (6 salaries)	₹4.5 L/yr - ₹6.5 L/yr 49% less
Tata AIA Life Insurance Underwriter Salary 0 - 15 years exp. (3 salaries)	₹6 L/yr - ₹10.5 L/yr 20% less	2 job openings
PNB MetLife Underwriter Salary 2 - 8 years exp. (4 salaries)	₹2 L/yr - ₹7 L/yr 53% less
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 72% less
Star Health & Allied Insurance Underwriter Salary 1 - 8 years exp. (60 salaries)	₹1.7 L/yr - ₹4.1 L/yr 75% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (44 salaries)	₹3.7 L/yr - ₹9.5 L/yr 38% less
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HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 37% less
Care Health Insurance Underwriter Salary 0 - 7 years exp. (12 salaries)	₹2.4 L/yr - ₹6.2 L/yr 63% less
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 67% less	3 job openings
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 15% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	₹2 L/yr - ₹9.9 L/yr 51% less
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3 L/yr 80% less
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	₹1 L/yr - ₹5.1 L/yr 54% less
United India Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3.3 L/yr 71% less
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	₹1.6 L/yr - ₹3.9 L/yr 78% less

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Underwriter salary at Life Insurance Corporation of India ranges between ₹3 Lakhs to ₹20 Lakhs per year for employees with experience between 3 years to 31 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 Underwriter salaries

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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15+ years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.1 L/yr

Similar Designation salaries in Life Insurance Corporation of India

Analyst Salary

(AmbitionBox Estimate)

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Team Lead Salary

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₹1.4 L/yr - ₹4 L/yr

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₹8 L/yr - ₹25 L/yr

Senior Associate Salary

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₹2.5 L/yr - ₹6 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

Management Trainee Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Associate Vice President Salary

(AmbitionBox Estimate)

₹37.8 L/yr - ₹48.3 L/yr

Salary related reviews for Life Insurance Corporation of India

4.0

Rated by 1 employees for salary & benefits

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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Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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Life Insurance Corporation of India Underwriter Salary FAQs

What is the salary of Underwriter at Life Insurance Corporation of India?

Underwriter salary at Life Insurance Corporation of India in India ranges between ₹3.0 Lakhs to ₹20.0 Lakhs for experience between 3 years to 31 years. According to our estimates it is 107% more than the average Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Underwriter at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Underwriter at Life Insurance Corporation of India is 107% more than the average salary of a Underwriter in India. To know exact salary insights, login to view.

Which similar companies are paying more than Life Insurance Corporation of India to a Underwriter in India?

Gallagher Underwriter Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year

What is the salary of a Underwriter in companies similar to Life Insurance Corporation of India in India?

Tata AIA Life Insurance Underwriter Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year
ICICI Lombard General Insurance Company Underwriter Salary - ₹3.7 Lakhs to ₹9.5 Lakhs per year
AIG Underwriter Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance Underwriter Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year

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

The estimated take-home salary of a Underwriter at Life Insurance Corporation of India ranges between ₹78,756 per month to ₹80,803 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Underwriter salary in India which ranges between ₹3.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 3 years to 31 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Life Insurance Corporation of India Underwriters 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 Underwriter Salaries

Life Insurance Corporation of India Underwriter salary in India ranges between ₹3 Lakhs to ₹20 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.