Add office photos
Engaged Employer
Life Insurance Corporation of India
4.4
based on 1.8k Reviews
Company Overview
Company Locations
About Life Insurance Corporation of India
Founded in1956 (68 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, India
Office Locations
--
Websitelicindia.in
Primary Industry
Other Industries
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
Report error
Life Insurance Corporation of India Ratings
based on 1.8k reviews
Overall Rating
4.4/5
How AmbitionBox ratings work?
5
1.2k
4
351
3
160
2
41
1
89
Category Ratings
4.2
Work-Life Balance
4.2
Company Culture
4.2
Salary & Benefits
4.1
Skill Development
4.1
Work Satisfaction
4.1
Job Security
3.9
Promotions/Appraisal
Life Insurance Corporation of India is rated 4.4 out of 5 stars on AmbitionBox, based on 1.8k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Life Insurance Corporation of India
based on 1.5k reviews
4.2
Rated by 249 Women
Rated 4.1 for Company Culture and 4.1 for Skill Development
4.4
Rated by 1.3k Men
Rated 4.3 for Work-Life Balance and 4.2 for Company Culture
Work Policy at Life Insurance Corporation of India
based on 86 reviews in last 6 months
Work from office
47%
Hybrid
33%
Permanent work from home
20%
Life Insurance Corporation of India Reviews
Top mentions in Life Insurance Corporation of India Reviews
+ 5 more
Life Insurance Corporation of India Salaries
4.2
rated by 1.8k employees for salariesLIC Agent
(376 salaries)
Unlock
₹0.5 L/yr - ₹7 L/yr
Insurance Adviser
(318 salaries)
Unlock
₹0.9 L/yr - ₹8 L/yr
Development Officer
(197 salaries)
Unlock
₹3.5 L/yr - ₹12.3 L/yr
Agent
(189 salaries)
Unlock
₹0.8 L/yr - ₹7 L/yr
LIC Advisor
(175 salaries)
Unlock
₹0.8 L/yr - ₹6 L/yr
Office Assistant
(98 salaries)
Unlock
₹0.5 L/yr - ₹4.5 L/yr
Financial Advisor
(82 salaries)
Unlock
₹1 L/yr - ₹6 L/yr
Agent Advisor
(76 salaries)
Unlock
₹0.7 L/yr - ₹6.5 L/yr
Sales Executive
(72 salaries)
Unlock
₹1 L/yr - ₹6 L/yr
Life Insurance Advisor
(68 salaries)
Unlock
₹1.2 L/yr - ₹5.1 L/yr
Life Insurance Corporation of India Interview Questions
Interview questions by designation
Top interview questions and answers
Get interview-ready with top interview questions
Interview Process at Life Insurance Corporation of India
based on 14 interviews in last 1 year
Interview Experience
4.4
Good
Difficulty level
Easy
60%
Moderate
40%
People are getting interviews through
based on 48 Life Insurance Corporation of India interviews
Job Portal
28%
Walkin
23%
Company Website
8%
Referral
6%
*35% candidates got the interview through other sources
High confidence
Life Insurance Corporation of India Jobs
Life Insurance Corporation of India News
View all
November 2024 Sees Rise In Private APE; LIC APE Impacted By Weak Group Single Premiums: CareEdge
- The life insurance industry reported a higher sequential annual premium equivalent growth of 19.9% YoY in November 2024, compared to 10.6% in October 2024.
- Private APE (Annual Premium Equivalent) experienced a rise in November 2024.
- LIC APE (Annual Premium Equivalent) was impacted by weak group single premiums.
- The strong performance in H1 FY25 contributed to the growth in private APE.
Bloomberg Quint | 12 Dec, 2024
Life Insurance industry posts 15.67 per cent growth in new business premiums at ₹2.42 lakh crore
- The life insurance industry in India witnessed a 15.67% growth in new business premiums during April-November 2024, reaching ₹2.41 lakh crore.
- Life Insurance Corporation (LIC) recorded a 16.08% increase in new business premiums to ₹1.44 lakh crore.
- Private insurance players also saw a 15.09% rise in new business premiums to ₹1.00 lakh crore.
- The growth indicates strong demand for insurance products as consumers and corporate clients seek enhanced protection.
HinduBusinessLine | 10 Dec, 2024
LIC Raises Stake In Asian Paints To 7% From 5%
- Life Insurance Corp. (LIC) increased its stake in Asian Paints Ltd. to 7.010% from 5.001% through an open market purchase.
- LIC's shareholding in the equity shares of the paints company increased to 6.72 crore shares from approximately 4.8 crore shares.
- The acquisition took place at an average cost of Rs 2,891.25.
- Asian Paints has a market capitalisation of Rs 2.3 lakh crore.
Bloomberg Quint | 10 Dec, 2024
LIC Fails To Impress As Brokerages Bet Big On Private Insurers
- LIC reported a 27% year-on-year decline in total premium collections in November, raising concerns about its ability to adapt to regulatory changes.
- Private insurers, including ICICI Prudential Life Insurance, HDFC Life, and SBI Life, outperformed LIC in November.
- Brokerages attribute the outperformance of private players to their ability to adapt to regulatory shifts and focus on high-margin segments.
- Brokerages are bullish on the life insurance sector, particularly private players, for the medium term, but advise caution due to new surrender regulations and uncertainty around the sector.
Bloomberg Quint | 10 Dec, 2024
LIC Aims To Enroll 1 Lakh Bima Sakhi As Part Of Women Empowerment Drive
- State-owned Life Insurance Corporation aims to enrol 1 lakh Bima Sakhi in the next 12 months as part of its women empowerment drive.
- The insurer will spend up to Rs 840 crore towards stipend in the enrolment.
- The stipend for the first year would be Rs 7,000 per month, Rs 6,000 per month next year and Rs 5,000 per month in the third year.
- LIC plans to appoint one Bima Sakhi in every Gram Panchayat to reach under-penetrated areas.
Bloomberg Quint | 10 Dec, 2024
LIC Cuts Stake In Lupin By Nearly Half To 2.54%
- Life Insurance Corporation (LIC) has reduced its shareholding in Lupin Ltd. by nearly half.
- The share sale was conducted between Sept. 30 and Dec. 6, according to an exchange filing.
- In the second quarter of the current financial year, Lupin reported a 13% revenue rise to Rs 5,672.7 crore.
- Shares of Lupin Ltd. closed 1.21% lower at Rs 2,106.65 on Monday.
Bloomberg Quint | 9 Dec, 2024
LIC expects getting at least 5 times biz from spending on Bima Sakhi
- LIC expects to gain at least 5-7 times more business from their investment in the 'Bima Sakhi' scheme.
- The corporation aims to enroll at least 1 lakh women under the scheme by December 2025.
- Each 'Bima Sakhi' will have a target of selling at least two policies per month, resulting in additional income.
- After completing 3 years of training, 'Bima Sakhi' can become eligible for the post of Development Officer.
HinduBusinessLine | 9 Dec, 2024
LIC Acquires More Stake In Hindalco Industries For Rs 16.35 Crore
- Life Insurance Corp. (LIC) has acquired more stake in Hindalco Industries Ltd. by 0.01%, or 2,47,000 lakh shares, for Rs 16.35 crore.
- LIC's shareholding in Hindalco Industries has increased to 5% or 11,25,35,358 shares.
- The acquisition was made through open market transactions at an average price of Rs 661.79.
- LIC clarified that the acquisition is not a related party transaction and was done with the intention of investment.
Bloomberg Quint | 6 Dec, 2024
F&O Strategy: Buy LICI call
- F&O Strategy: Buy LICI call
- Immediate resistance levels are at ₹1,019 and ₹1,123.
- Consider buying LICI 1000-call with a premium of ₹28.55 on Friday.
- Investors with high risk appetite can buy LICI futures with an initial stop-loss at ₹927.
HinduBusinessLine | 30 Nov, 2024
LIC To Go Digit: Insurance Stocks Gain As Finance Ministry Proposes 100% FDI
- Shares of insurance companies in India advanced after the Finance Ministry proposed to raise the foreign direct investment limit to 100% from 74% earlier.
- The net-owned fund's requirement for foreign re-insurers is proposed to be reduced to Rs 1,000 crore from Rs 5,000 crore earlier.
- The proposed amendments primarily focus on promoting policyholders' interests, enhancing the financial security of the policyholders, and enabling ease of doing business among others.
- Shares of New India Assurance Co. rose the most followed by Life Insurance Corp. of India and Go Digit General Insurance Ltd.
Bloomberg Quint | 29 Nov, 2024
Powered by
Life Insurance Corporation of India Perks & Benefits
Life Insurance Corporation of India Offices
Compare Life Insurance Corporation of India with
HDFC Life
4.0
ICICI Prudential Life Insurance
4.1
SBI Life Insurance Company
3.8
Max Life Insurance
4.1
Bajaj Allianz Life Insurance
4.0
Kotak Mahindara Life Insurance
3.8
Reliance Nippon Life Insurance
3.7
Tata AIA Life Insurance
4.0
PNB MetLife
3.4
Aditya Birla Sun Life Insurance
4.1
ICICI Lombard General Insurance Company
3.7
HDFC Ergo General Insurance
4.0
Bajaj Allianz General Insurance
3.9
Cholamandalam MS General Insurance
3.9
Gallagher
3.8
Care Health Insurance
3.7
Star Health & Allied Insurance
3.8
Aditya Birla Health Insurance Co
3.9
Shriram Life Insurance
3.7
Principal Global Services
4.1
Contribute & help others!
You can choose to be anonymous
Companies Similar to Life Insurance Corporation of India
HDFC Life
Banking / Insurance / Accounting, Financial Services, Insurance
4.0
• 8.5k reviews
ICICI Prudential Life Insurance
Financial Services, Insurance
4.1
• 6k reviews
SBI Life Insurance Company
Financial Services, Insurance
3.8
• 3.6k reviews
Max Life Insurance
Consumer goods, Financial Services, Manufacturing, Insurance
4.1
• 5k reviews
Bajaj Allianz Life Insurance
Financial Services, Insurance
4.0
• 4.5k reviews
Kotak Mahindara Life Insurance
Banking / Insurance / Accounting, Financial Services, Insurance
3.8
• 2.6k reviews
Reliance Nippon Life Insurance
Financial Services, Insurance
3.7
• 2.6k reviews
Tata AIA Life Insurance
Financial Services, Insurance
4.0
• 3k reviews
PNB MetLife
Financial Services, Insurance
3.4
• 2.6k reviews
Aditya Birla Sun Life Insurance
Financial Services, Insurance
4.1
• 2.4k reviews
ICICI Lombard General Insurance Company
Financial Services, Insurance
3.7
• 4.2k reviews
HDFC Ergo General Insurance
Financial Services, Insurance
4.0
• 3.1k reviews
Life Insurance Corporation of India FAQs
When was Life Insurance Corporation of India founded?
How many employees are working in Life Insurance Corporation of India in India?
Where is the global headquarters of Life Insurance Corporation of India?
What is it like to work at Life Insurance Corporation of India?
How much is the salary at Life Insurance Corporation of India?
What are the working days at Life Insurance Corporation of India?
What are the working hours at Life Insurance Corporation of India?
How much is the salary for freshers at Life Insurance Corporation of India?
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
70 Lakh+
Reviews
5 Lakh+
Interviews
4 Crore+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app
Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.
Follow us
