Life Insurance Corporation of India Vice President Salaries by Employees (Updated 2025)

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₹56.1 Lakhs - ₹62 Lakhs

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Last Updated: 16 Feb 2024

Companies similar to Life Insurance Corporation of India for Vice President

Company name	Avg Annual Salary	Open Jobs
HDFC Life Vice President Salary 12 - 27 years exp. (40 salaries)	₹26 L/yr - ₹72 L/yr 22% less
ICICI Prudential Life Insurance Vice President Salary 17 - 23 years exp. (9 salaries)	₹27 L/yr - ₹50 L/yr 39% less
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SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (35 salaries)	₹19.3 L/yr - ₹62 L/yr 34% less
Max Life Insurance Vice President Salary 14 - 25 years exp. (41 salaries)	₹17 L/yr - ₹71.2 L/yr 32% less
Bajaj Allianz Life Insurance Vice President Salary 14 - 24 years exp. (18 salaries)	₹40.5 L/yr - ₹73 L/yr 15% less
Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (46 salaries)	₹22.3 L/yr - ₹45 L/yr 47% less
Reliance Nippon Life Insurance Vice President Salary 11 - 22 years exp. (32 salaries)	₹16 L/yr - ₹55.7 L/yr 47% less
Tata AIA Life Insurance Vice President Salary 15 - 23 years exp. (14 salaries)	₹30.4 L/yr - ₹97 L/yr 14% more	4 job openings
ICICI Lombard General Insurance Company Vice President Salary 14 - 22 years exp. (32 salaries)	₹32.1 L/yr - ₹94 L/yr 9% less
HDFC Ergo General Insurance Vice President Salary 15 - 28 years exp. (30 salaries)	₹28 L/yr - ₹65.3 L/yr 27% less
Aditya Birla Health Insurance Co Vice President Salary 14 - 20 years exp. (6 salaries)	₹51 L/yr - ₹97 L/yr 40% more
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Gallagher Vice President Salary 9 - 22 years exp. (5 salaries)	₹32 L/yr - ₹36.3 L/yr 43% less
Bajaj Allianz General Insurance Vice President Salary 16 - 20 years exp. (4 salaries)	₹50 L/yr - ₹70 L/yr 3% less
AON Global Insurance Brokers Vice President Salary 7 - 31 years exp. (3 salaries)	₹9 L/yr - ₹36.3 L/yr 60% less
Star Health & Allied Insurance Vice President Salary 22 - 26 years exp. (3 salaries)	₹50 L/yr - ₹51 L/yr 17% less

Vice President salary at Life Insurance Corporation of India ranges between ₹56.1 Lakhs to ₹62 Lakhs per year for employees with 21 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

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₹1.1 L/yr - ₹1.4 L/yr

General Manager Salary

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₹6.9 L/yr - ₹8.9 L/yr

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₹2 L/yr - ₹4.5 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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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 Vice President Salary FAQs

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

According to AmbitionBox, 100% of the Life Insurance Corporation of India Vice Presidents reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Vice President Salaries

Life Insurance Corporation of India Vice President salary in India ranges between ₹56.1 Lakhs to ₹62 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.