Life Insurance Corporation of India

10001+ employeesWebsite
bankingfinancial services insurance
3.7
Overall

Rating Breakdown

Salary
3.8
Work-Life
3.7
Culture
3.8
Growth
3.5

Company Info

Employees
10001+
Turnover (Cr)
10000+ Cr

Pros & Cons(186 reviews)

👍 Pros

  • Brand Name37
  • Work-Life Balance29
  • Salary29
  • Flexi Hours22
  • Work from Home16

👎 Cons

  • Quality of Work23
  • People/Colleagues13
  • Career Change Opportunities12
  • Work Environment12
  • Processes and systems11

Salary

Is the salary as per market standard?

Yes
47 (67%)
No
23 (33%)

Tell us about your last increment

Less than 10%
17 (24%)
10-15%
24 (34%)
15-20%
14 (20%)
Not Eligible
15 (21%)

Work life balance

How many hours you normally work in a day?

5-6 Hours
0 (0%)
8-10 Hours
0 (0%)
10+ Hours
0 (0%)

Does Life Insurance Corporation of India have a flexible working hours policy?

Yes
0 (0%)
No
0 (0%)
Case to case basis
0 (0%)

Company culture

How smart are your colleagues?

Extremely smart
24 (32%)
Average
43 (57%)
Below average
9 (12%)

How punctual are your co-workers?

Always on time
29 (38%)
Most of time
31 (41%)
Seldom on time
16 (21%)

How often do you have parties/offsites?

Weekly
5 (7%)
Monthly
11 (15%)
Quarterly
12 (16%)
Yearly
13 (18%)
Managment doesn't believe in it
32 (44%)

Career growth

How often do employees get promotions?

Less than 1 year
8 (11%)
1-2 Years
7 (10%)
2-3 Years
8 (11%)
3+ Years
49 (68%)

How many trainings do you attend every year?

More than 6 times in a year
11 (14%)
3-5 times in a year
15 (19%)
1-2 times in a year
35 (45%)
No such programs
16 (21%)

Salary Insights

RoleMinAvgMax
Sales/ Business Development Manager239K433K708K
Insurance Advisor - Life Insurance165K347K645K
Sales Executive/ Officer200K323K438K
Area/ Territory Sales Manager347K457K590K
Marketing Manager166K376K669K
Bancassurance Executive/ Manager198K336K579K
Fresher176K287K434K
Unit Manager325K509K709K
Administration Manager230K385K591K
Customer Service Executive/ Officer241K379K540K