Life Insurance Corporation of India

  www.licindia.in
  www.licindia.in

Life Insurance Corporation of India Reviews

Updated July 25, 2014
Updated July 25, 2014
146 Reviews
4.3
146 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Shri Thomas Mathew
6 Ratings

Review Highlights

Pros
  • Interesting work managing diverse people and respectable work culture (in 5 reviews)

  • In this profession i am able to help people in their financial planning (in 4 reviews)


Cons
  • unionized work culture, no additional compensation for better performance (in 4 reviews)

  • Company should give more incentives to Development officers & good competitions for Agents & (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    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

  3.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    No good

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

    I worked at Life Insurance Corporation of India full-time (more than 5 years)

    Pros

    perks ok - time-off benefits are there in paper

    Cons

    as an officer there is no work life balance. No clean working environment.

    Advice to ManagementAdvice

    Late sitting to satisfy the agent and field force will not benefit any one.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    "feels like executive"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Direct Sales Executive in Alīgarh, Uttar Pradesh (India)
    Former Employee - Direct Sales Executive in Alīgarh, Uttar Pradesh (India)

    I worked at Life Insurance Corporation of India as a contractor (less than an year)

    Pros

    we insist people to save some money and protect their family income

    Cons

    bonus rates are not very high, so it is difficult to sell as an investment

    Advice to ManagementAdvice

    provede the computer systems to generate and update leads

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    good

    Current Employee - Manager in Mumba (Brazil)
    Current Employee - Manager in Mumba (Brazil)

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

    Pros

    work env was pretty good and i think it will help a lot in the future of the company because its is important

    Cons

    timing could be better as it was not as good as some of the best mncs and so it could have been improved.

    Advice to ManagementAdvice

    improve timing

  8.  

    record clerk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Record Clerk in Amritsar (India)
    Current Employee - Record Clerk in Amritsar (India)

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

    Pros

    this job is permanent job & this very safe for me.

    Cons

    salary is volume is very low, & working pressure is very high

    Advice to ManagementAdvice

    nothing

  9.  

    learn more things about insurance

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

    I have been working at Life Insurance Corporation of India part-time (more than an year)

    Pros

    my father is in LIC so i am also working here.

    Cons

    i don't want this is as full time job as my career.

    Advice to ManagementAdvice

    nothing

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    I am satisfy as a agent , but my age is 57 year,s so that

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

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

    Pros

    It is beast Life Insurance Corporation in India .

    Cons

    In Eastern U.P. Official manegemaint is not good condition . Employee is not panctual in Office joining time and work,s is not satisfy .

    Advice to ManagementAdvice

    Please manegemaint in the every Office in Eastern U.p.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    I worked at Life Insurance Corporation of India

    Pros

    Strong brand recognition among people, they won't hesitate to buy LIC policy.

    Cons

    Comission issues with many advisors.

    Advice to ManagementAdvice

    For management people, They should think about their advisor for paying comission because if he terminates they won't pay the comission as well as the bonus cpomission. So they blame the organization. In short run they may not face a problem but in near future they will not get any business from their advisors. Because if their internal customers are not happy then how they make happy their external customer.

Life Insurance Corporation of India Photos

Work at Life Insurance Corporation of India? Share Your Experiences

Life Insurance Corporation of India

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.