Life Insurance Corporation of India logo

Insurance · Mumbai

Life Insurance Corporation of India

Life Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company.

  • Listed LICI
  • 4.4from 10 employee reviews
  • 3 open roles
  • Avg. salary ₹4 L/yr
See 3 open jobs

Open roles

Open jobs at Life Insurance Corporation of India

3 open roles across 3 cities. Tap Apply and an agent fills in and submits the application for you.

Company overview

Life Insurance Corporation of India at a glance

Founded
195670 years running
Headquarters
Mumbai
Employees
98.7Kband 50K–100K
Company type
Public sector (PSU)
Industry
Insurance
Business model
B2C · B2B · B2G
Monthly visits
11.6M+39%to their website
Crunchbase rank
#7,017on Crunchbase
Ownership
Publicly listedLICI
Funding stage
Post Ipo Secondary1 round

About

Every day we wake up to the fact that more than 250 million lives are part of our family called LIC. We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed. Though this journey started over six decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 61 years has been a process called TRUST.

Mission

Ensure and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.

Vision

A trans-nationally competitive financial conglomerate of significance to societies and Pride of India

What people know them for

EnterpriseGovt PSUIndian originProduct basedPublicly listedWell known

Compensation

Life Insurance Corporation of India salaries by role

Yearly CTC in India. The rule spans the reported range; the coin marks the average.

Company average ₹4 L
  • LIC Agent

    ₹1.4 L – ₹4.5 L

    Average ₹2.6 L

    359 reports

  • Development Officer

    ₹5 L – ₹12 L

    Average ₹8.2 L

    312 reports

  • Insurance Adviser

    ₹1.5 L – ₹5 L

    Average ₹2.9 L

    295 reports

  • LIC Advisor

    ₹1.8 L – ₹4.5 L

    Average ₹2.6 L

    228 reports

  • Agent

    ₹1.2 L – ₹4 L

    Average ₹2.5 L

    190 reports

  • Agent Advisor

    ₹1.5 L – ₹3.8 L

    Average ₹2.6 L

    90 reports

  • Financial Advisor

    ₹1.3 L – ₹4 L

    Average ₹2.6 L

    88 reports

  • Office Assistant

    ₹1 L – ₹2.5 L

    Average ₹1.7 L

    79 reports

Employee ratings

What it's like to work at Life Insurance Corporation of India

Source: AmbitionBox · 10 reviews

Rated4.4of five

Salary & benefits4.1
Company culture3.8
Work satisfaction3.8
Work-life balance3.8
Job security3.7
Career growth3.5
Skill development3.4

Highly rated for

  • Overall Company
  • Work-Life Balance

Critically rated for

  • Work Satisfaction
  • Career Growth

Perks

Benefits employees report

Ordered by how many employees mention each one.

  • Job/Soft skill training

    172 mentions

  • Health insurance

    121 mentions

  • Professional degree assistance

    59 mentions

  • Office cab/shuttle

    48 mentions

  • Free meal

    35 mentions

  • Child care facility

    26 mentions

  • Cafeteria

    18 mentions

  • International/On-site exposure

    12 mentions

  • Rewards & recognition

    3 mentions

  • Office gym

    3 mentions

  • Course reimbursements

    2 mentions

  • Performance bonus

    2 mentions

  • Annual leaves

    2 mentions

  • Gifts on festivals

    1 mention

  • WFH setup

    1 mention

  • Joining goodies

    1 mention

Funding & financials

Is Life Insurance Corporation of India a stable place to work?

Last round
Post Ipo Secondary
Funding rounds
1
Listed
LICI
Market cap
$5677.6B
OperatingPublic

Offices

Where Life Insurance Corporation of India works

109 locations
  • Agra · Uttar Pradesh
  • Ahmedabad · Gujarat
  • Alappuzha · Kerala
  • Aligarh · Uttar Pradesh
  • Amravati · Maharashtra
  • Amritsar · Punjab
  • Arrah · Bihar
  • Asansol · West Bengal

FAQ

Questions about working at Life Insurance Corporation of India

How do I apply for a job at Life Insurance Corporation of India?

Life Insurance Corporation of India has 3 open jobs listed on this page, in Rajkot, Gondal and Chennai. Pick a role, open it to read the full job description, and apply in about 2 minutes.

What is the average salary at Life Insurance Corporation of India?

The average annual salary at Life Insurance Corporation of India is ₹4 L. Typical annual pay by role: LIC Agent: ₹1.4 L to ₹4.5 L; Development Officer: ₹5 L to ₹12 L; Insurance Adviser: ₹1.5 L to ₹5 L.

Where are Life Insurance Corporation of India's offices?

Life Insurance Corporation of India is headquartered in Mumbai, India. It has offices in Agra, Ahmedabad, Alappuzha, Aligarh, Amravati and Amritsar.

Is Life Insurance Corporation of India a good company to work for?

Life Insurance Corporation of India is rated 4.4 out of 5 from 10 employee reviews. Employees rate it highly for Overall Company and Work-Life Balance. Common criticisms are about Work Satisfaction and Career Growth.

When was Life Insurance Corporation of India founded?

Life Insurance Corporation of India was founded in 1956. The company has been operating for 69 years primarily in the Insurance sector.

Where is the Life Insurance Corporation of India headquarters located?

Life Insurance Corporation of India is headquartered in Mumbai.

How many employees does Life Insurance Corporation of India have in India?

Life Insurance Corporation of India currently has more than 98,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Life Insurance Corporation of India based on the number of reviews submitted on AmbitionBox.

Does Life Insurance Corporation of India have good work-life balance?

Life Insurance Corporation of India has a work-life balance rating of 4.3 out of 5 based on 1,900+ employee reviews on AmbitionBox. 83% employees rated Life Insurance Corporation of India 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Life Insurance Corporation of India work-life balance reviews for more details.

3 open jobs