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Life Insurance Corporation of India

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Life Insurance Corporation of India

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Life Insurance Corporation of India FAQ

Have questions about working at Life Insurance Corporation of India? Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer.

Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Life Insurance Corporation of India.

All answers shown come directly from Life Insurance Corporation of India Reviews and are not edited or altered.

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39 English Questions out of 39

23 April 2023

Does Life Insurance Corporation of India offer parental leave?

Pros

End Work Sharp on the dot.

Cons

No aws/bonus/medical and leave benefits are bare minimum coming from an insurance company. Salary is below industry standard as well as expected to handle multiple roles for the same pay Run by expats who assume the c - title but are no more then managers or junior assistant managers back in India headquarters. Completely clueless about how to run a company. Lack of proper personal such as Hr/Operations/compliance. Hiring people with little or no qualification for specific roles. Clueless and not willing to learn about local business norms and procedures. Management uses company funds for their own personal benefits. Indian expats look down on local staff.

No aws/bonus/medical and leave benefits are bare minimum coming from an insurance company.

23 April 2023

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21 July 2022

Does Life Insurance Corporation of India offer an employee assistance or workplace counselling program?

Pros

Good payment structure, helpful seniors, good benefit structures and health coverage.

Cons

Involves direct sales which can be tiring at times, 70% is field work and 30% office work.

Good payment structure, helpful seniors, good benefit structures and health coverage.

21 July 2022

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1 August 2023

Does Life Insurance Corporation of India offer housing assistance?

Pros

Flexibility and freedom to work Training and development opportunities Additional income Increased financial literacy Attractive benefits such as hereditary commission, gratuity, medical insurance, free group insurance, free telephone, free stationary, computer advance, mobile & laptop advance, car/ scooter advance, housing advance, club membership, international recognition by way of MDRT, reimbursement of travel & stay charges for conventions by air or rail, and various other benefits.

Cons

not specifically but sometimes get more calls from managements to close the targets.

Advice to Management

need to upgrade little with respect to new technologies and marketing strategies

Flexibility and freedom to work Training and development opportunities Additional income Increased financial literacy Attractive benefits such as hereditary commission, gratuity, medical insurance, free group insurance, free telephone, free stationary, computer advance, mobile & laptop advance, car/ scooter advance, housing advance, club membership, international recognition by way of MDRT, reimbursement of travel & stay charges for conventions by air or rail, and various other benefits.

1 August 2023

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21 July 2022

What is health insurance like at Life Insurance Corporation of India?

Pros

Good payment structure, helpful seniors, good benefit structures and health coverage.

Cons

Involves direct sales which can be tiring at times, 70% is field work and 30% office work.

Good payment structure, helpful seniors, good benefit structures and health coverage.

21 July 2022

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19 July 2021

Does Life Insurance Corporation of India offer life insurance?

Pros

Best at life insurance plans and schemes

Cons

Some times it hard to advice plans as other companies offer those at low interest

Best at life insurance plans and schemes

19 July 2021

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39 English Questions out of 39

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