Life Insurance Corporation of India

www.licindia.in
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Life Insurance Corporation of India Reviews

Updated July 26, 2015
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4.2
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Shri Thomas Mathew
8 Ratings

Pros
  • Brand name & sovereign guarantee and sound financial standing (in 2 reviews)

Cons
  • the attitude of working, some times the work culture (in 4 reviews)

  • Economically strong person,s not take appointment from full time agents and they thinks that they know all about LIC (in 2 reviews)

More Pros and Cons

149 Employee Reviews

Sort: Popular Rating Date
  1. It is good company for recent college graduates.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Life Insurance Corporation of India

    Pros

    Lot of opportunities to advance.

    Cons

    Lack of training . Only self starters have chance to advance rapidly


  2. My words of JP Morgan

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Branch Manager in Hyderābād (India)
    Current Employee - Branch Manager in Hyderābād (India)

    I have been working at Life Insurance Corporation of India full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    World renowned and gives highest job satisfaction to work.Also highly remunerative

    Cons

    Restrictions on employment as to internationalisation of jobs/working

    Advice to Management

    Doors must be open to all through out the world to their chosen destination with out any restrictions


  3. Lic of India

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - LIC Development Officer in Chennai (India)
    Current Employee - LIC Development Officer in Chennai (India)

    I have been working at Life Insurance Corporation of India (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good work environment , good salary , flexible working hours .

    Cons

    Slow hike in salary , competitive market

    Advice to Management

    Salary arrears to be settled as soon as possible


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  5. Good Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineer in Ludhiana (India)
    Former Employee - Engineer in Ludhiana (India)

    I worked at Life Insurance Corporation of India full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good Company. Excellent work culture.

    Cons

    People don't want to increase their knowledge.

    Advice to Management

    Should hire some fresh more people .


  6. LIC AGENT

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Life Insurance Corporation of India part-time

    Pros

    When I was a student I was choose it with an intention to get knowledge about insurance and for earning purpose. I could get very useful knowledge for insurance sector and working strategy in insurance sector.

    Cons

    Though the LIC is very good and reputated corporation in India it cant provide security to the insurance agents as there are not special provisions for the future of the agents who dedicates his whole life for the corporstion.


  7. Its good experience to work with the company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Dhanbād (India)
    Current Employee - Insurance Agent in Dhanbād (India)

    I have been working at Life Insurance Corporation of India full-time (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Staff are very cooperative in nature

    Cons

    Management is not so supportive

    Advice to Management

    please support your bottom line


  8. good job

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Life Insurance Corporation of India full-time (More than a year)

    Pros

    excellent incentives and work hours

    Cons

    no job security. its the only issue

    Advice to Management

    job must be secured after confirmation.


  9. LIC

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Life Insurance Corporation of India

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Very very Good work Environment

    Cons

    Need to be better with time


  10. Can LIC survive with the imminent 49% FDI in INSURANCE , with the same work culture especially of the DOs ?

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - MANAGER ( Administrative ) in Hyderābād (India)
    Former Employee - MANAGER ( Administrative ) in Hyderābād (India)

    I worked at Life Insurance Corporation of India full-time (More than 10 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Brand name & sovereign guarantee and sound financial standing

    Cons

    Some DEV OFFICERS are a liability to the organisation, considering their work culture. Adm staff should get adapted to the future challenges.

    Advice to Management

    Discipline the DOs, retain the agents, motivate the staff for greater involvement AND compensate more for the marketing force from ABM to SDM, depending on their performance, instead of incentivising the black sheep in the DOs cadre, for the hard work of all other cadres.


  11. A great company to work to spread the message of life insurance which is least priority in our society.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Development Officer in Amroha (India)
    Current Employee - Development Officer in Amroha (India)

    I have been working at Life Insurance Corporation of India full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Selling life insurance is the most difficult profession in the world.

    Cons

    Today life insurance industry is facing a lot of challenges in the form of regulation and competition.



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