Life Insurance Corporation of India Employee Reviews about "development officer"

Updated Oct 10, 2021

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Found 9 of over 639 reviews

4.3
86%
Recommend to a Friend
95%
Approve of CEO
Life Insurance Corporation of India Chairman Shri Thomas Mathew (no image)
Shri Thomas Mathew
204 Ratings
Pros
  • "Work life balance is at its best(in 22 reviews)

  • "Job security, Good salary package and benefits(in 22 reviews)

  • Cons
  • "The Post Development Officer is purely market based(in 9 reviews)

  • "This is a very big organization where its work culture is very important(in 9 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "development officer"

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    1. 5.0
      Current Employee, more than 10 years

      satisfied with the job as development officer

      Apr 28, 2013 - Development Officer in Dhekiajuli
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Challenging profession as development officer

      Cons

      Best profession as development officer

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    2. 4.0
      Current Employee, more than 5 years

      Pros and cons of a development officer in LIC

      Oct 10, 2021 - Development Officer in Midnapore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      LIC is well known both in rural as well as an urban area, which means people are more accepting of LIC than any private insurance. If you have the flair for marketing and if you are good, a natural at it then this has to be one of the best jobs in marketing right now. I know DO’s who work for just 2 - 3hours per day and are generating enough business and money to help them lead a lavish lifestyle. You can literally be your own boss, and if you are a good DO, you can even be the boss of your manager as well as the people above him.

      Cons

      Salary can be a tricky subject here. You are paid some xyz amount of salary, but you can’t have the entire salary for yourself as you have to use a lot of money for different purposes to procure business and for recruiting agents. No Training. LIC gives you absolutely no training that would be helpful for you to procure business or recruit agents. Officially there are 6 months of training, but the only thing you will be taught in those 6 months is “why you should no leave LIC”, “Why LIC is the best”, etc etc. Nothing useful for your role as a DO, which is why very few people survive this job because of the lack of training. Office politics. It depends on your luck. If you end up with a batch of not so good senior development officer or bad managers, then forget about doing business as most of your time will be spent worrying if someone would steal your client, policy, agent or not than focusing on the business at hand. You can’t do anything if you end up with a bad manager because no one is LIC cares about DO’s anyway. It’s not a stable job, one can be terminated at any stage of his job, no matter the number of years they have spent in LIC. Decrement, yes, this cruel rule is applicable in LIC. You have heard of growth in salary as you gain experience, but in LIC, as a DO, there is a good chance that a DO’s salary will decrease instead of increasing if the DO fails to generate enough business. Basically, this would be the fault of DO, not LIC, but yes, this rules is there. Imagine watching your coworker's salary increase and your decreasing year after year. Mostly ADO’s take help of friends, and family members to procure policies which helps them to somehow generate the minimum business requirement during the first year and get confirmed as a DO, but this strategy does not work for a long time and people get stuck in this job with a lot of tensions, fewer friends and some disgruntled family members.

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    3. 2.0
      Former Employee, more than 1 year

      It is OKEY company.

      Mar 12, 2019 - D O in New Delhi
      Recommend
      CEO Approval
      Business Outlook

      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.

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    4. 2.0
      Former Contractor

      dev officer

      Jan 6, 2019 - Anonymous Contractor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      no pros at there to tell

      Cons

      everything there is a cons for development officer role

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    5. 3.0
      Current Employee, less than 1 year

      Development officer

      Oct 2, 2017 - Development Officer in Indore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lic brand name is good in people eyes

      Cons

      Very tough competition and very high targets ........administration do not have skills to run the computer ..lazy employees in administration.....full pressure is only on development officers...please work on your administration team

      1 person found this review helpful
    6. 3.0
      Former Employee, more than 1 year

      Depends at which post you have been selected

      Sep 20, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Salary Perks like meal coupons Leaves Apart from marketing officers every other post offers lucrative benefits.

      Cons

      Politics in posting Favouritism Jack in interviews Bad marketing practices Forcing employees like Development officers to digest unethical market practices of their agents.

      1 person found this review helpful
    7. 5.0
      Former Employee, more than 10 years

      The super navratna company, the milch cow for the Govt of India !

      Jul 2, 2012 - A D M in Visakhapatnam
      Recommend
      CEO Approval
      Business Outlook

      Pros

      foundation with trust of the people is very strong, surviving and prospering inspite of competition because of updation of services and non corrupt functioning.

      Cons

      most of the development officers are not working for the organisation - the entire cadre has to be reorganised & most of the agents are part time workers and without professionalism.

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    8. 4.0
      Former Employee, more than 10 years

      the only platform where u can prove urself specially in development officer cadre. it's challanging.

      Jul 13, 2012 - Development Officer in Chapra, Bihar
      Recommend
      CEO Approval
      Business Outlook

      Pros

      today i acheived all my dreams. if u have desire u can acheive by ur marketing skill.

      Cons

      nowadays development officer class is so much worried about their future and the most critical siyuation for those who joined as d.o. in last years.

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    9. 4.0
      Current Employee, more than 10 years

      satisfied working with LIC of India

      Jul 1, 2012 - Development Officer in Jammu, Jammu and Kashmir
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It is one of the best public sector company & one can grow in this company beyond expectations .People trust this co. the most & it is adjudged as the best no 1 service provider for the last so many years

      Cons

      Company should give more incentives to Development officers & good competitions for Agents & Development officers

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