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

1 - 27 years exp.

₹1.8 Lakh - ₹5.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

43% less than the average Unit Manager Salary in Insurance Companies for 1 - 27 years of experience

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Salaries in different departments

BFSI, Investments & Trading Unit Manager Salary 1 - 27 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹5.5 L/yr
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Sales & Business Development Unit Manager Salary 2 - 19 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr

Last Updated: 16 Mar 2025

Companies similar to Life Insurance Corporation of India for Unit Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Unit Manager Salary 0 - 5 years exp. (544 salaries)	₹1.1 L/yr - ₹4.5 L/yr 11% less	44 job openings
SBI Life Insurance Company Unit Manager Salary 0 - 10 years exp. (116 salaries)	₹2 L/yr - ₹4.3 L/yr 18% less
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ICICI Lombard General Insurance Company Unit Manager Salary 1 - 9 years exp. (107 salaries)	₹3 L/yr - ₹7 L/yr 49% more
Aditya Birla Health Insurance Co Unit Manager Salary 0 - 6 years exp. (92 salaries)	₹2.1 L/yr - ₹3.2 L/yr 22% less
Shriram Life Insurance Unit Manager Salary 0 - 8 years exp. (33 salaries)	₹1.5 L/yr - ₹3.6 L/yr 21% less
HDFC Ergo General Insurance Unit Manager Salary 2 - 6 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 16% less
Axis Max Life Insurance Unit Manager Salary 1 - 6 years exp. (5 salaries)	₹4.5 L/yr - ₹9 L/yr 109% more
Bajaj Allianz Life Insurance Unit Manager Salary 0 - 10 years exp. (5 salaries)	₹2.5 L/yr - ₹5.5 L/yr 25% more
HDFC Life Unit Manager Salary 1 - 12 years exp. (5 salaries)	₹2.1 L/yr - ₹3 L/yr 23% less
Tata AIA Life Insurance Unit Manager Salary 0 - 6 years exp. (4 salaries)	₹2 L/yr - ₹6.8 L/yr 2% less
Kotak Mahindara Life Insurance Unit Manager Salary 4 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹6.5 L/yr 57% more
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Star Health & Allied Insurance Unit Manager Salary 6 - 9 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 2% less

Unit Manager salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹5.5 Lakhs per year for employees with experience between 1 year to 27 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 Unit Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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15+ years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

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Salary related reviews for Life Insurance Corporation of India

1.0

Rated by 1 employees for salary & benefits

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

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

Agent Advisor in Khatauli

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Self defined working hours with dignity and job security. More you work more you earn just like business. No fraudulent on system level. It's cool to work with world biggest life insurance company as I think it is.

Salary - Good

+6 more

Dislikes

Salary is not being provided to the agent as they work hard and fail some time to get new business. One more thing to be addressed is all services should be available at all office for the agent as collect the required forms, and to submit loan,neft request for the client benefit.

LIC Agent in Visakhapatnam

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 13 Oct 2023

4.0

for Salary and Benefits

Likes

You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that

Salary - Good

+6 more

Dislikes

...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.

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Life Insurance Corporation of India Unit Manager Salary FAQs

What is the salary of Unit Manager at Life Insurance Corporation of India ?

The average salary of a Unit Manager at Life Insurance Corporation of India in India typically ranges from ₹1.8 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 27 years).

The top 10% of Unit Manager at Life Insurance Corporation of India earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Unit Manager 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 4 Life Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Unit Manager at Life Insurance Corporation of India in India typically ranges from ₹25,113 to ₹26,550 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 27 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 4 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 Unit Manager in India?

Axis Max Life Insurance	₹4.5 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance	₹2.5 Lakhs to ₹5.5 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 Unit Manager in companies similar to Life Insurance Corporation of India in India?

The salary of a Unit Manager 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:

Tata AIA Life Insurance	₹2.0 Lakhs to ₹6.8 Lakhs per year
Star Health & Allied Insurance	₹2.9 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance	₹1.1 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹2.1 Lakhs to ₹3.5 Lakhs per year
SBI Life Insurance Company	₹2.0 Lakhs to ₹4.3 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 Unit Manager at Life Insurance Corporation of India in India?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
15 years	₹4.5 Lakhs to ₹5.8 Lakhs per year

and so on.

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Life Insurance Corporation of India Unit Manager Salaries

Life Insurance Corporation of India Unit Manager salary in India ranges between ₹1.8 Lakh to ₹5.5 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.