Life Insurance Corporation India
4.1 out of 5 stars.
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Life Insurance Corporation India Pay & Benefits reviews

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India565 reviews

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3.9Work-Life Balance
3.7Pay & Benefits

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Life Insurance Corporation India insights

Based on 25 survey responses
What people like
  • Inclusive work environment
  • Support from manager
  • Energizing work tasks

Productive, sincere

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I am happy to work for 36 yrs, Lic management and regonise excellent employees by way promotion, promotion policy is fantastic, salary package also very good, it is giant insurance co in India

Pros

Meal coupon is available everyday

Cons

If there is job officers to stay office beyond office work, and it is almost every day in every branch
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Best working Eviornment and culture too. Most dedicated and experienced staff for the company and employees too

Working At LIC a nice Experience and Well management with Good Co_ordinating staff and respect for Each other. Despite of having Good working culture and Enviornment every employee is hard and smart workers too

Pros

Trainings, outings, perks and other benefits and Great respect for Every Employee

Cons

Nill
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productive and competitive

productive, competitive, easy-going. public welfare is being taken care of, good office infrastructure, peace at the workplace, workers welfare taken care of, and settle the policy claim of all policyholders on time without any delay and harassments. Good office atmosphere and settlement to the employees are done within the minimum required time limit. Imposes a sense of responsibility to all employees towards the policyholders and customers. policyholders are treated well with humanity.

Pros

Employees benefits, normal working hours

Cons

No cons to say
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Competitive workplace

It's a nice place to work with many experience LIC co-workers . They guide me very well and help me office work also .Good work environment and culture. Teammates are supportive and the management is transparent , there is a huge cafeteria Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
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Trusted compant

This is best & trust worthy insurance company of india here you get all facility whatever you requier. Not only best for staff but also best for policy holders & everyone.

Pros

Free trainings

Cons

Flexible for advisors
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Productive and good place for work

LICI is Very much Productive and good place for work, if you found better option in career than you have to change other wise no need to change because LICI gives you various opportunities in your career to grow.

Pros

Free lunches

Cons

Long hours
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Officers work in an environment of healthy competition with a sense of security of a joint family. They own their target and work hard to achieve it.

Everybody works with a target in mind. If accomplished, celebrates with a cup of tea; else, discusses ways to complete it in the next day and leaves office.When required, employees work beyond office hours and completes their tasks.Managers lack Insurance marketing sense/orientation.Workplace culture: Healthy Competition amongst team members.The hardest part of the Job: 1) Very bad infrastructural support. 2) Officers have maximum responsibility with minimum power.3) Office upkeep net is needs improvement.The most enjoyable part of the job: 1)Every bit of success is given due recognition and appreciation.2) LIC is like a big family. Your Success is enjoyed by others and your failure is divided among your team members.

Pros

Job security, timely payment of salary & good perks

Cons

Inadequate I.T. Infrastructure, Lac of sense of responsibility among Clerical employees
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This depends totally upon DO

DO under whom we work needs to be more active and enthusiastic. They are the ones who motivate us through various programs. Provide us with required tools to perform better on field.

Pros

Work life balance

Cons

Paid by commission and not salary. Commission are too low for the first few years.
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Work with enjoyment

Target basis work with full on enjoyment. Faculty was very cooperative.Everyone work seriously.Incentive + salary management.Time to time lunch break and week off
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Best work life balance

No targets no workload its your choice how much you wanna earn or you are free to set your goal as competitions held it division or MDRT. As a RCA they give compensation and attractive incentive and they had very good behaviour.

Pros

Best in Insurance Sector

Cons

Na
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Enjoyed my job

Selection was purely on sales expirence. Profile was to recruitment of Agents from the market, train them & procure business from them for the corporation.. Total field work -24/7hours. Salary +Incentive based work. It was nothing but relationship marketing with Agents & Policyholder. Appointment of Agents -No bar. Sick leave, Previlage leave, LTC facilities

Pros

Good job

Cons

No cons
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Productive

Meeting new clients, generating leads, and converting them. I learnt the ins and outs of various products thoroughly, how to draw retirement plans for individuals, and how they can avail of tax benefits
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Productive and good satisfaction

Great Job ever , The job gives me salary plus incentive plus free timing to handle every case in completion at my convenient and free atmosphere to work more

Pros

Great opportunity to go ahead

Cons

Keen compititions and infrastructure less
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Overall an organisation of good reoute.

I had worked in different locations and at different official positions. Unionised clerical staff is a big threat to the Organisation as a whole and particularly to the management. All officers and Managers are cooperative and good.

Pros

Salary and allowances are better than banks.ks and

Cons

Promotional scopes are very poor and not done in time.
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Good

Good company, i am working there as a agent or plan advisor so i feel relax but This target based job so sometime it become more pleasurable or pressure full job
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Good place to work

Very good place to work. Management are very helpful. You can learn a lot about insurance. They will give you 1 month residential training. Life is enjoyable
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It is good

I want to inculcate my experience of Life Insurance Corporation of India with some other multi national company and want to utilise my calibre. I am sure that my experience with lic would help me alot to perform better with other insurance company

Pros

Job security with handsome salary

Cons

Not any
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Productive workplace with a lot to learn

The job at LIC of Inida is a great one. It provides ample opportunities for self advancement. The job pays well to cover monthly expenses and something to save too.
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Unlimited income in life insurance corporation

I think LIC gives good benefits and they are motivated daily. When I joined I learned how to contact new customers and gave good service, and frequently touch with clients
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awesome and casual work place

how much you give that much you can get. more benifit for active workers your way of attraction helps in the field of job to earn more you can work whenever you want but you need to achive the target for your income

Pros

free food for every meeting you attend

Cons

any hours
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Temporary worker

I will never suggest to work in this corporation as a temporary worker or as a contract worker. There is no benefits for temporary employee like a permanent employee 1. No leave ( even weekly holidays are deducted from pay) 2. No P.F. 3. NO JOB SECURITY 4. NO INSURANCE (PERSONAL OR GROUP) 5.
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Overall rating

Based on 655 reviews

Ratings by category

3.9 out of 5 stars for Work/Life Balance
3.7 out of 5 stars for Salary/Benefits
3.6 out of 5 stars for Job Security/Advancement
3.8 out of 5 stars for Management
3.8 out of 5 stars for Culture

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