SBI Life Insurance Company LIC Agent Salaries by 6 Employees

0 - 6 years exp.

₹1.5 Lakh - ₹2.1 Lakhs

Low Confidence

Salary of majority employees

39% less than the average LIC Agent Salary in Insurance Companies for 0 - 6 years of experience

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Last Updated: 15 Mar 2023

Companies similar to SBI Life Insurance Company for LIC Agent

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India LIC Agent Salary 0 - 14 years exp. (264 salaries)	₹0.5 L/yr - ₹7.5 L/yr 56% more	1 job opening
HDFC Life LIC Agent Salary 0 - 15 years exp. (4 salaries)	₹4 L/yr - ₹7.2 L/yr 204% more
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Axis Max Life Insurance LIC Agent Salary 0 - 1 year exp. (3 salaries)	₹0.5 L/yr - ₹2.5 L/yr 25% less
Bajaj Allianz Life Insurance LIC Agent Salary 0 - 2 years exp. (3 salaries)	₹2 L/yr - ₹4.8 L/yr 89% more
LIC Life Plus LIC Agent Salary 0 - 15 years exp. (38 salaries)	₹0.6 L/yr - ₹5 L/yr 42% more

LIC Agent salary at SBI Life Insurance Company ranges between ₹1.5 Lakh to ₹2.1 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company LIC Agent salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
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2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
6 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

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₹1.2 L/yr - ₹3.5 L/yr

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Data Entry Operator Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

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SBI Life Insurance Company LIC Agent Salary FAQs

What is the salary of LIC Agent at SBI Life Insurance Company ?

The average salary of a LIC Agent at SBI Life Insurance Company in India typically ranges from ₹1.5 Lakhs to ₹2.1 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of LIC Agent at SBI Life Insurance Company earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.1 Lakhs per year. LIC Agent Salaries at SBI Life Insurance Company 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 6 SBI Life Insurance Company employees in India.

What is the estimated take home salary of a LIC Agent at SBI Life Insurance Company in India?

The estimated take-home salary of a LIC Agent at SBI Life Insurance Company in India typically ranges from ₹13,081 to ₹14,483 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.1 Lakhs per year for employees with experience ranging from Fresher to 6 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 6 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for LIC Agent in India?

HDFC Life	₹4.0 Lakhs to ₹7.2 Lakhs per year
Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹4.8 Lakhs per year
Life Insurance Corporation of India	₹0.5 Lakhs to ₹7.5 Lakhs per year
LIC Life Plus	₹0.6 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.

What is the salary of a LIC Agent in companies similar to SBI Life Insurance Company in India?

The salary of a LIC Agent at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Max Life Insurance

₹0.5 Lakhs to ₹2.5 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 LIC Agent at SBI Life Insurance Company in India?

The salary growth for a LIC Agent at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a LIC Agent can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
Fresher	₹1.5 Lakhs to ₹2.0 Lakhs per year
1 year	₹0.7 Lakhs to ₹2.0 Lakhs per year
2 years	₹1.7 Lakhs to ₹2.2 Lakhs per year
3 years	₹0.8 Lakhs to ₹2.0 Lakhs per year

and so on.

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SBI Life Insurance Company LIC Agent Salaries by Location

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SBI Life Insurance Company LIC Agent Salaries

SBI Life Insurance Company LIC Agent salary in India ranges between ₹1.5 Lakh to ₹2.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company LIC Agent salaries in India

Companies similar to SBI Life Insurance Company for LIC Agent

Latest annual salaries shared by SBI Life Insurance Company LIC Agent

Experience wise SBI Life Insurance Company LIC Agent salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Rajkot

Senior Associate in New Delhi

Business Development Manager in Jaipur

Senior Associate in Jaipur

Business Development Manager in Work Form Bank And Field

SBI Life Insurance Company LIC Agent Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company LIC Agent Salaries by Location