Life Insurance Corporation of India Unit Manager Salaries by 4 Employees (Updated 2024)

1 - 27 years exp.

₹1.8 Lakh - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

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: 4 Dec 2024

Companies similar to Life Insurance Corporation of India for Unit Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Unit Manager Salary 1 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3 L/yr 26% less
ICICI Prudential Life Insurance Unit Manager Salary 0 - 5 years exp. (722 salaries)	₹1.7 L/yr - ₹4.5 L/yr 7% less
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SBI Life Insurance Company Unit Manager Salary 0 - 10 years exp. (122 salaries)	₹2 L/yr - ₹4.3 L/yr 13% less
Max Life Insurance Unit Manager Salary 0 - 12 years exp. (4 salaries)	₹1.8 L/yr - ₹11.5 L/yr 43% more
Bajaj Allianz Life Insurance Unit Manager Salary 0 - 10 years exp. (5 salaries)	₹2.5 L/yr - ₹5.5 L/yr 25% more
Kotak Mahindara Life Insurance Unit Manager Salary 4 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹6.5 L/yr 57% more
Tata AIA Life Insurance Unit Manager Salary 0 - 7 years exp. (4 salaries)	₹2 L/yr - ₹6.8 L/yr 2% less
PNB MetLife Unit Manager Salary 1 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹3.8 L/yr 10% less
Aditya Birla Sun Life Insurance Unit Manager Salary 2 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 34% less
ICICI Lombard General Insurance Company Unit Manager Salary 1 - 10 years exp. (124 salaries)	₹3 L/yr - ₹7 L/yr 46% more
Aditya Birla Health Insurance Co Unit Manager Salary 0 - 6 years exp. (96 salaries)	₹2.1 L/yr - ₹3.1 L/yr 22% less
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Care Health Insurance Unit Manager Salary 0 - 8 years exp. (54 salaries)	₹2 L/yr - ₹4 L/yr 16% less
Shriram Life Insurance Unit Manager Salary 0 - 8 years exp. (29 salaries)	₹1.5 L/yr - ₹3.6 L/yr 22% less
HDFC Ergo General Insurance Unit Manager Salary 2 - 7 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 16% less
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: 4 Dec 2024

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.

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.

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.

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.

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

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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a technical project manager

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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 Unit Manager Salary FAQs

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

Unit Manager salary at Life Insurance Corporation of India in India ranges between ₹1.8 Lakhs to ₹5.5 Lakhs for experience between 1 years to 27 years. According to our estimates it is 43% less than the average Unit Manager 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 Unit Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Unit Manager at Life Insurance Corporation of India is 43% less than the average salary of a Unit Manager in India. To know exact salary insights, login to view.

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

Kotak Mahindara Life Insurance Unit Manager Salary - ₹3.2 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company Unit Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
Max Life Insurance Unit Manager Salary - ₹1.8 Lakhs to ₹11.5 Lakhs per year
Bajaj Allianz Life Insurance Unit Manager Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year

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

Tata AIA Life Insurance Unit Manager Salary - ₹2.0 Lakhs to ₹6.8 Lakhs per year
Star Health & Allied Insurance Unit Manager Salary - ₹2.9 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance Unit Manager Salary - ₹1.7 Lakhs to ₹4.5 Lakhs per year
PNB MetLife Unit Manager Salary - ₹2.1 Lakhs to ₹3.8 Lakhs per year
SBI Life Insurance Company Unit Manager Salary - ₹2.0 Lakhs to ₹4.3 Lakhs per year

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 ranges between ₹25,113 per month to ₹26,550 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Unit Manager salary in India which ranges between ₹1.8 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 years to 27 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Life Insurance Corporation of India Unit Managers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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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.