Life Insurance Corporation of India Reviews | Glassdoor

Life Insurance Corporation of India Reviews

Updated November 19, 2017
230 reviews

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4.0
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Shri Thomas Mathew
38 Ratings

230 Employee Reviews

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Pros
  • In most of the cases, Previlaged posting on first appointment and 10 to 5 working hours with Sat (in 7 reviews)

  • Warm colleagues ,good client base,time management,effective system,good salary,food and health insurance for family (in 5 reviews)

Cons
  • Forcing employees like Development officers to digest unethical market practices of their agents (in 6 reviews)

  • no cons all is good no minus points (in 6 reviews)

More Pros and Cons

  1. "It is good company for recent college graduates."

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Lot of opportunities to advance.

    Cons

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


  2. "Good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Life Insurance Corporation of India full-time

    Pros

    Work environment is good now

    Cons

    Rural posting is not good

  3. "One of the best company in world"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Life Insurance Corporation of India full-time (More than 3 years)

    Pros

    One of best insurance company in world.

    Cons

    Growth prospects is limited and time bound promotion.

    Advice to Management

    Na


  4. "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in New Delhi (India)
    Current Employee - Insurance Agent in New Delhi (India)
    Approves of CEO

    I have been working at Life Insurance Corporation of India part-time (More than 8 years)

    Pros

    This is oldest and good insurance company

    Cons

    No cons in this company


  5. "Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kolkata (India)
    Current Employee - Anonymous Employee in Kolkata (India)

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

    Pros

    Best insurance company in India

    Cons

    Nothing as such could be found


  6. "Insurance Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Malerkotla (India)
    Current Employee - Insurance Agent in Malerkotla (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Life Insurance Corporation of India part-time (More than 3 years)

    Pros

    It is part time job and helpful to support my income.

    Cons

    It is marketing and salesman job.


  7. "life @ lic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance in Siwan, Bihar (India)
    Current Employee - Finance in Siwan, Bihar (India)
    Recommends
    Positive Outlook

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

    Pros

    Low work pressure in comparision to bank

    good staff

    Cons

    bad initial posting rural
    class 3 issue
    slow promotion

  8. "Development officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Development Officer in Mumbai (India)
    Current Employee - Development Officer in Mumbai (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    U can get incentive u work hard

    Cons

    Very slow salary growth instead

    Advice to Management

    Pls act as a gaint insurer in the term of employee instead copying to the private competetors


  9. "AAO"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Administrative Officer in Belgaum (India)
    Current Employee - Assistant Administrative Officer in Belgaum (India)
    Recommends
    Positive Outlook

    I have been working at Life Insurance Corporation of India full-time (More than 8 years)

    Pros

    Large Data base, technology, customer base

    Cons

    Lack of staff at mofusel branches

    Advice to Management

    Recruitment of assistants, sub staff


  10. "Time for introspection"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AAO in Mandla (India)
    Current Employee - AAO in Mandla (India)
    Positive Outlook

    I have been working at Life Insurance Corporation of India full-time (More than 5 years)

    Pros

    At par salary as compared to other public sector undertakings like banks.

    Cons

    Unequal distributed manforce, high average employee age.

    Advice to Management

    Non implementation of 5 day week will urge freshers to rush towards other employers for same salary, will affect productivity in the long run. Fresh inflow of manforce in Class III cadre required. Proper, partial and effective implementation of transfer and mobility policy.


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