Life Insurance Corporation of India Reviews | Glassdoor.co.in

Life Insurance Corporation of India Reviews

Updated 12 March 2019
272 reviews

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4.4
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Shri Thomas Mathew
58 Ratings

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Pros
  • "a good work environment, attractive incentive for hard work" (in 9 reviews)

  • "good salary, good environment, educated staff" (in 9 reviews)

Cons
  • "no cons all is good no minus points" (in 7 reviews)

  • "Forcing employees like Development officers to digest unethical market practices of their agents" (in 7 reviews)

More Pros and Cons

  1. "Insurance agent"

    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

    Pros

    When our financial year complete, we all staff and agents going to picnic

    Cons

    No one downsides, LIC is the best insurance corporation in india

    Advice to Management

    Nothing


  2. "Largest life insurance company in the world."

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

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

    Pros

    Great work environment, competitive, energetic atmosphere all round the year.

    Cons

    You won't find any

  3. "Development Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Development Officer in Nalgonda
    Current Employee - Development Officer in Nalgonda

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

    Pros

    It Covers Life Risk,
    Handsome Bonus,
    Encourages Savings.

    Cons

    Lack of Career Growth,
    Less Incentives.


  4. "It is OKEY company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - D O in New Delhi
    Former Employee - D O in New Delhi
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    It is PSU only .There is only a quality of LIC of India.

    Cons

    The Post Development Officer is purely market based .If you will create a team of good agents So it be wonderful job to you otherwise Its worst job.

    Advice to Management

    NA


  5. "Business development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Development Officer in Mumbai
    Former Employee - Development Officer in Mumbai
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Working hour leverage, friendly environment

    Cons

    No such cons was there


  6. "Development Officer"

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

    I worked at Life Insurance Corporation of India full-time

    Pros

    This is a government job provides opportunity to earn as much money as one wants alongwith his salary, enhances reputation, gives mental satisfacton by helping others, build strong relationships, opportunity to become an employer, no office going burden, no time bondation.

    Cons

    Target based job, promotion is very rare, transfer to other place is almost impossible, field job, weekly targets are there through various competitions.

    Advice to Management

    The management must listen and understand to the problems of D.O.s, proper and to the point training must be provided


  7. "It gives financial protection to people during their life and family protection after death also."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Marketing Manager in Kolkata
    Former Employee - Senior Marketing Manager in Kolkata
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    While working at Life insurance corporation of India I felt I became a part of the process in protecting people financially and socially during their life time and takes care of their family during any unfortunate situation.

    Cons

    Most of the branch offices are not well maintained and employees have to work in very inhigenic conditions. No pick up or dropping systems for reaching the offices in remote places.

    Advice to Management

    Needs improvement in so many fields.

  8. "Good one"

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

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

    Pros

    No boss, no pressure, no big targets

    Cons

    no downsides in LIC of India


  9. "Nice platform to earn in part time"

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

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

    Pros

    My development officer is excellent. He will update each and everything about the new policies. He helps a lot for every agent under him.

    Cons

    Just location difference nothing else

    Advice to Management

    My Management is so good. Please maintain the relationship in future


  10. "good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Development Officer in Sitamarhi
    Former Employee - Development Officer in Sitamarhi
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    good growth and facilties,good training

    Cons

    bad work culture,dull seniors no proper mentoring