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Engaged Employer
Life Insurance Corporation of India
4.4
based on 1.9k Reviews
Video summary
Company Overview
Company Locations
Working at Life Insurance Corporation of India
Company Summary
Life Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company.
Overall Rating
4.4/5
based on 1.9k reviews
16% above
industry average
Highly rated for
Company culture, Salary, Work-life balance
Work Policy
Work from office
43% employees reported
Monday to Friday
41% employees reported
Flexible timing
71% employees reported
Within city
49% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
172 employees reported
Health insurance
121 employees reported
Professional degree assistance
59 employees reported
Office cab/shuttle
48 employees reported
View all benefits
About Life Insurance Corporation of India
Founded in1956 (69 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, India
Office Locations
--
Websitelicindia.in
Primary Industry
Other Industries
View in video summary
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
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Life Insurance Corporation of India Ratings
based on 1.9k reviews
Overall Rating
4.4/5
How AmbitionBox ratings work?
5
1.2k
4
369
3
171
2
49
1
98
Category Ratings
4.2
Company culture
4.2
Salary
4.2
Work-life balance
4.1
Job security
4.1
Skill development
4.1
Work satisfaction
3.9
Promotions
Life Insurance Corporation of India is rated 4.4 out of 5 stars on AmbitionBox, based on 1.9k 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 1.6k reviews
4.3
Rated by 288 Women
Rated 4.3 for Skill development and 4.2 for Work-life balance
4.4
Rated by 1.4k Men
Rated 4.3 for Work-life balance and 4.2 for Company culture
Work Policy at Life Insurance Corporation of India
based on 171 reviews in last 6 months
Work from office
43%
Hybrid
30%
Permanent work from home
27%
Life Insurance Corporation of India Reviews
Top mentions in Life Insurance Corporation of India Reviews
+ 5 more
Compare Life Insurance Corporation of India with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 4.4/5 based on 1.9k reviews | 4.0/5 based on 6.9k reviews  | 4.1/5 based on 6.1k reviews | 3.9/5 based on 10.3k reviews |
Highly Rated for | Work-life balance Salary Company culture | Job security Skill development Salary | Skill development Company culture Work-life balance | Skill development Work-life balance Job security |
Critically Rated for |  No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 43% employees reported | Work from office 87% employees reported | Work from office 82% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 4.3 Good rated by 288 women | 3.9 Good rated by 1.5k women | 4.0 Good rated by 1.3k women | 3.8 Good rated by 2.2k women |
Rating by Men Employees | 4.4 Good rated by 1.4k men | 4.0 Good rated by 5.1k men | 4.1 Good rated by 4.5k men | 4.0 Good rated by 7.7k men |
Job security | 4.1 Good | 4.0 Good | 3.9 Good | 3.8 Good |
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Life Insurance Corporation of India Salaries
Life Insurance Corporation of India salaries have received with an average score of 4.2 out of 5 by 1.9k employees.
LIC Agent
(345 salaries)
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₹1.5 L/yr - ₹5 L/yr
Insurance Adviser
(291 salaries)
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₹2 L/yr - ₹5.4 L/yr
Development Officer
(190 salaries)
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₹5.3 L/yr - ₹12.3 L/yr
LIC Advisor
(183 salaries)
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₹1.8 L/yr - ₹5 L/yr
Agent
(131 salaries)
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₹1.5 L/yr - ₹4 L/yr
Office Assistant
(93 salaries)
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₹1 L/yr - ₹2.5 L/yr
Agent Advisor
(87 salaries)
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₹1.7 L/yr - ₹5 L/yr
Financial Advisor
(86 salaries)
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₹1.4 L/yr - ₹4 L/yr
Sales Executive
(75 salaries)
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₹1.7 L/yr - ₹5 L/yr
Life Insurance Advisor
(65 salaries)
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₹1.5 L/yr - ₹4 L/yr
Life Insurance Corporation of India Interview Questions
A Development Officer was asked 3mo agoQ. Are you familiar with the work norms of a development officer in LIC?
An Administration Officer was asked 3mo agoQ. What is a bonus?
An Insurance Adviser was asked Q. What is insurance?
An Assistant Employee Relations Manager was asked 6mo agoQ. What was the online application process like?
An EX Service Man Indian Army was asked 12mo agoQ. How do you manage customers?
Life Insurance Corporation of India Jobs
Popular Designations Life Insurance Corporation of India Hires for
Life Insurance Advisor
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Finance Executive
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Business Development Executive
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Advisor
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Insurance Agent
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LIC Agent
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Life Insurance Agent
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US Recruiter
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Popular Skills Life Insurance Corporation of India Hires for
Life Insurance Corporation of India News
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LIC posts 14.6% growth in June individual premium income
- LIC recorded a 14.6% growth in individual premium income in June 2025, totaling ₹5,313 crore, compared to private sector companies which amassed ₹8,408 crore collectively.
- In terms of policy numbers, LIC issued a total of 12.49 lakh policies in June 2025, a decline from 14.65 lakh policies issued in the same period last year. The individual policies issued by LIC decreased to 12.48 lakh from 14.62 lakh, while group policies reduced to 1,290 from 2,827.
- LIC's group premium income saw a 7% decline to ₹22,087 crore in June 2025 compared to last year, whereas private sector companies experienced a 19% degrowth in group premium income, amounting to ₹5,315 crore.
- Overall, LIC's total premium income in June 2025 decreased by 3.43% to ₹27,395 crore, while private sector players reported a 2.45% decline with total premium income reaching ₹13,722 crore.
HinduBusinessLine | 10 Jul, 2025
LIC Share Sale: Government To Offload Minority Stake Via OFS
- The government has approved further share sale in LIC through the Offer for Sale (OFS) route.
- The government currently holds 96.5% stake in LIC and needs to offload another 6.5% to meet the 10% public shareholding requirement by May 16, 2027.
- The discussions for the share sale are still in the early stages, with the disinvestment department expected to finalize the details.
- The quantum of stake sale, price, and timing will be determined later, and LIC's current market capitalization is Rs 5.85 lakh crore.
Bloomberg Quint | 10 Jul, 2025
F&O Strategy: Buy Ashok Leyland put
- Ashok Leyland July futures are trading slightly higher than the spot price, with a decrease in open interest and a flat underlying stock performance.
- Traders are displaying caution as indicated by the marginal premium of futures over spot and the unwinding of open interests. Option trading forecasts Ashok Leyland to trade within the ₹220-275 range.
- A recommended strategy involves buying the Ashok Leyland 250-put option at a premium of ₹6, with a market lot of 2,500 shares costing ₹15,000. The maximum loss is capped at ₹15,000, with a stop-loss at ₹2.50 and a target price of ₹9.
- Traders advised to exit from LICI 960-call if profits have not been booked, following anticipated movement but recent weakness in the stock. The recommendations provided are based on technical analysis and F&O positions, bearing inherent trading risks.
HinduBusinessLine | 5 Jul, 2025
F&O Strategy: Buy LICI 960-call
- Nearest supports for LICI are at ₹908 and ₹730. A close below ₹730 would change the outlook to negative. However, it is expected that LICI will sustain its gains.
- F&O pointers indicate that LICI July futures closed at ₹952.95 compared to the spot price of ₹957.70, with a discount due to an upcoming dividend of ₹12. Open interest has significantly increased, reflecting strong interest from participants.
- The recommended strategy is to buy the 960-strike call of LICI with a premium of ₹21.80, costing ₹15,260 for a market lot of 700 shares. The maximum loss would occur if the stock closes below ₹960 on expiry.
- Traders can hold the position with an initial stop-loss at ₹12, which can be shifted to ₹20 if LICI starts the week strong. The target price is set at ₹28, with more aggressive traders aiming for ₹35. A follow-up recommendation is also provided for Hindalco Industries' July 650-call.
HinduBusinessLine | 28 Jun, 2025
Home loans get cheaper: LIC Housing Finance slashes rate to 7.50%
- LIC Housing Finance has reduced its home loan rates to 7.50% starting June 19, 2025, coinciding with the company's 36th Foundation Day.
- The rate cut aims to support new home loan customers, promoting home ownership and improving affordability.
- The recent repo rate cut by the RBI was meant to boost the economy, which has been moderate. This move is expected to create demand for fresh credit and stimulate the economy.
- RBI Governor Sanjay Malhotra hinted at limited scope for further rate cuts after a total 100 basis point reduction since February 2025.
- Tribhuwan Adhikari, MD and CEO of LIC Housing Finance, mentioned the commitment to making home ownership more accessible and aligning with RBI's policy direction.
- The rate reduction is expected to boost housing demand, particularly in the affordable and mid-income segments.
- LIC Housing Finance Ltd, established in 1989 and promoted by Life Insurance Corporation, has a wide network of offices across India and a representative office in Dubai.
HinduBusinessLine | 21 Jun, 2025
IRDAI relaxes norms, asks insurers not to deny, delay claims
- Air India Flight 171 crashed into BJ Medical College hostel in Ahmedabad, India.
- The flight was en route to London Gatwick with 242 people onboard.
- IRDAI expressed condolences and assured support through insurance.
- Insurers advised to obtain victim list promptly and initiate fast-track claim processes.
- FIR or post-mortem reports may be waived if official confirmations are available.
- Claim settlement for deceased individuals should not be denied or delayed.
- A joint cell by Life and General Insurance Councils to be established at the Hospital.
- Each insurer to nominate a Senior Nodal Officer for claim settlement coordination.
- Insurers to submit weekly reports to IRDAI starting from June 16.
- Summary level claims settlement data to be published on Councils' websites.
- Compassion, responsiveness, and efficiency requested from insurers by the regulator.
- Life Insurance Corporation of India, SBI Life, and Bajaj Allianz already expediting claim settlements.
- News published on June 14, 2025.
HinduBusinessLine | 14 Jun, 2025
After LIC, HDFC Life Simplifies Claim Process For Families Of Ahmedabad Plane Crash Victims
- HDFC Life Insurance simplifies the claim submission process for families of Ahmedabad plane crash victims by allowing nominees/legal heirs to provide proof of death for claim initiation.
- Contact details provided by HDFC Life Insurance for assistance with insurance claims include a dedicated claim helpline number, nodal officer number, call center number, WhatsApp number, and email.
- The company also shared the URL for their Branch Locator to help claimants locate the nearest HDFC Life Insurance branch.
- CEO Sameer Yogishwar expressed condolences to the families of the victims and ensured support with a simplified claim process.
- Life Insurance Corporation of India also adopted similar measures for easier life insurance claims submission for the plane crash victims' kin.
- The Air India plane crash in Ahmedabad resulted in 241 fatalities, with only one survivor out of the 242 persons on board.
Bloomberg Quint | 13 Jun, 2025
LIC Announces Relief Measures For Victims Of Air India Ahmedabad Crash
- Life Insurance Corp. of India (LIC) has announced relief measures for families of the victims of the Air India flight AI 171 crash in Ahmedabad on June 12.
- LIC has relaxed norms to support the affected families by accepting government records or compensation documentation as proof of death in cases where a death certificate is unavailable.
- The insurer expressed deep sadness over the loss of lives in the crash and is committed to providing financial relief to the victims' families.
- Efforts are being made by LIC to reach out to affected families proactively and expedite the settlement process.
- Claimants can seek assistance by contacting their nearest LIC branch, division office, or customer zone, or by calling the LIC helpline at 022-68276827.
Bloomberg Quint | 13 Jun, 2025
FSIB recommends Doraiswamy for the top position at LIC
- R Doraiswamy, a Managing Director at LIC since 2023, is recommended for the top position at LIC by FSIB.
- FSIB interacted with four LIC candidates for the CEO & MD position: Doraiswamy, Sat Pal Bhanoo, Dinesh Pant, and Ratnakar Patnaik.
- After considering performance, experience, and parameters, FSIB recommends Doraiswamy for the CEO & MD role at LIC.
- Sat Pal Bhanoo recently received the financial and administrative powers of CEO & MD at LIC until September 07, 2025 or until the regular successor assumes charge, per a government notification.
- Bhanoo took over after Siddhartha Mohanty's term as CEO & MD ended.
HinduBusinessLine | 11 Jun, 2025
Stock Market Live: GIFT Nifty Implies Higher Open; Bajaj Finserv, Coal India, JSW Energy Shares In Focus
- The GIFT Nifty was trading 0.06% higher, indicating a positive opening for the day's stock market.
- Investors are awaiting the outcome of the Reserve Bank of India's Monetary Policy Committee meeting, which is scheduled for today.
- The benchmark equity indices closed higher for the second consecutive session, with NSE Nifty 50 and BSE Sensex showing positive gains.
- Stocks to watch include Bajaj Finserv, Coal India, JSW Energy, Ashok Leyland Ltd., and Life Insurance Corp shares due to recent news developments.
Bloomberg Quint | 6 Jun, 2025
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Life Insurance Corporation of India FAQs
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 4.2 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.
Is Life Insurance Corporation of India good for career growth?
Career growth at Life Insurance Corporation of India is rated fairly well, with a promotions and appraisal rating of 3.9. 83% employees rated Life Insurance Corporation of India 4 or above, while 17% employees rated it 3 or below on promotions / appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Life Insurance Corporation of India promotions / appraisals reviews for more detailed insights.
What are the pros of working in Life Insurance Corporation of India?
Working at Life Insurance Corporation of India offers several advantages that make it an appealing place for employees. The company is highly rated for company culture, salary & benefits and work life balance, based on 1,900+ employee reviews on AmbitionBox.
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