LIC Company Culture
LIC Culture
This score is derived from employee ratings & reviewsChoice Employer
A+
4.6/5
Top Rated Culture Dimensions
Compensation
A+Happiness
A+Retention
A+Outlook
A+Work Culture
A+LIC CEO
Top 15%Top 15% of Similar Size Companies
Suryakanth Balakrishnan Mainak
76 /100
See More
Diversity at LIC
Top 10%Top 10% of Similar Size Companies
A
Diverse employees at LIC have rated Perks And Benefits, Outlook, and Happiness as the highest categories they have scored
Women at LIC
N/A
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterLIC eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 20%Top 20% of Similar Size Companies
Recommend to a Friend?
27
LIC employees are 27% more likely to recommend LIC as a great place to work
| 59% | Promoters |
|---|---|
| 9% | Passives |
| 32% | Detractors |
Working at LIC
Working at LIC is rated highly by 72 employees, across various culture dimensions. LIC employees are most satisfied about Compensation, Happiness, and Retention categories, putting LIC’s culture in the Top 5% compared to similar sized companies on Comparably. See below in detail how working at LIC was rated by employees.
Overall Company Culture at LIC
A+
Overall Company Culture at LIC is rated A+
Last updated 6 days ago
Top
5%
LIC ranks in the Top 5% of other companies on Comparably with 10,000+ Employees for Overall Company Culture Score
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterLIC Employee Reviews
Out of 29 LIC employee reviews, 67% were positive. The remaining 33% were constructive reviews with the goal of helping LIC improve their work culture.
| Positive Reviews | 67% |
|---|---|
| Constructive Feedback | 33% |
Positive Reviews From LIC Employees
- What did you like most about the interview process?interview is being organised in friendly environment, always supportive
- What makes you most happy at work?no pressure of work due to the complete digital environment, facilities to staff in all respect
- What is most positive about the culture and environment at your company?sports awareness, cultural activities, seminar, union's organisation
Constructive Feedback From LIC Employees
- What does the leadership team need to get better at?everything should be improved first
- What needs to change to make the company culture better?Infusion of modern up to date technology,servers,and most importantly recruitment of tech savvy young staff at all levels.
- What do your coworkers need to improve and how could you work together better?Today most of the workers in office are from reservation quota,they don't have the skills;a big recruitment drive is needed to keep the organisation afloat,as average age of employee is above 50 years.A little bit more of dilly dallying and this big organisation will collapse owing to faulty hardwar
LIC Company Information
LIC Company Overview
State owned public sector life insurance corporation
LIC Mission, Vision & Values
LIC Mission & Values
Ensure and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.
LIC Vision Statement
A trans-nationally competitive financial conglomerate of significance to societies and Pride of India.
| Headquarter | |
|---|---|
| Website | www.licindia.in/ |
| Founding Date | 1956 |
LIC Competitors
LIC competitors include ICICI Bank, Axis Bank, State Bank of India, and HDFC Bank. LIC ranks 3rd in Overall Culture Score on Comparably vs its competitors. See below how LIC compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
LIC Employees
72 employees at LIC have reviewed LIC across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was 6 days ago.
Overall, the 72 LIC employees give their leadership a grade of B, or Top 25% of similar size companies. This includes specific ratings of their executive team, CEO, and manager.
Employees at LIC are pleased with their total compensation at LIC, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at LIC are pleased with their team. 72 Participants grade the quality of their coworkers an A. The majority believe the meetings at LIC are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at LIC believe the environment at LIC is positive. Most Participants believe the pace of work at LIC is extremely fast. About 90% of the employees at LIC work 8 hours or less.
Overall, the employees at LIC are extremely happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining LIC - Employee Onboarding
The prevailing opinion from Comparably users about their company is that it was very prepared on their first day. Employees concluded that their overall onboarding experience was positive. 73% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
LIC KPIs and OKRs
Employees’ understanding of LIC's KPIs and OKRs is essential for its success. Out of 2 LIC employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 2 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
LIC CEO & Leadership
LIC CEO - Suryakanth Balakrishnan Mainak
76 /100
Suryakanth Balakrishnan’s approval rate is in the Top 15% of all CEOs of similar-sized companies on Comparably. LIC’s CEO is highly regarded especially by employees with Over 10 Years experience, Male employees, and employees identified with Other ethnicities. However, Asian or Pacific Islander employees have a less favorable view of the CEO and believe there is room for improvement. Compared to LIC’s competitors, Suryakanth Balakrishnan Mainak ranks right below Axis Bank CEO Shikha Sharma. Under Mainak’s leadership, LIC employee respondents are most happy about their Compensation and the company’s Happiness. Professional Development and Executive Team are two areas, according to respondents, where LIC could stand to see real improvement.
LIC Leadership
The LIC Executive Team is rated a “B” and led by CEO Suryakanth Balakrishnan Mainak and Higher Grade Executive Chakravardhini jayaram
Suryakanth Balakrishnan Mainak CEO / President
Suryakanth Balakrishnan Mainak serves as the CEO / President of LIC.
Chakravardhini jayaram Higher Grade Executive
Chakravardhini jayaram serves as the Higher Grade Executive for Life Insurance Corporation of India. Chakravardhini... read more
LIC Salaries
How much does LIC pay?
How much do people at LIC get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at LIC is $129,280, or $62 per hour, while the estimated median salary is $128,832, or $61 per hour.
At LIC, the highest paid job is a Director of Sales at $229,999 annually and the lowest is a CS Rep at $44,937 annually. Average LIC salaries by department include: Finance at $89,018, IT at $108,438, Operations at $100,335, and Communications at $232,714. Half of LIC salaries are above $128,832.
18 employees at LIC rank their Compensation in the Top 5% of similar sized companies (based on 54 ratings) while 17 employees at LIC rank their Perks And Benefits in the Top 25% of similar sized companies (based on 18 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $71k | $71k | 1st Percentile |
17th Percentile $100k | $100k | 17th Percentile |
33rd Percentile $121k | $121k | 33rd Percentile |
50th Percentile $184k | $184k | 50th Percentile |
67th Percentile $244k | $244k | 67th Percentile |
83rd Percentile $274k | $274k | 83rd Percentile |
100th Percentile $305k | $305k | 100th Percentile |
$129,280*
Average Compensation
$128,832*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
LIC Salaries by Department
Diversity & Inclusion at LIC
Diverse employees at LIC score the company 78/100 across various culture categories, placing LIC in the Top 10% of companies on Comparably with 10,000+ Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at LIC across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
LIC Perks & Benefits
Health & Wellness
- Health Insurance
Paid Time Off
- PTO / Vacation Policy
LIC PTO
LIC's PTO and Vacation policy typically gives unlimited days off a year. LIC's benefits and PTO Package averages to represent a $500 -$1000 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
LIC Careers
LIC Jobs
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Frequently Asked Questions regarding LIC
Who is the CEO of LIC?
LIC CEO is Suryakanth Balakrishnan Mainak, their score by employees is 76
What is LIC eNPS?
The eNPS for LIC is 27
What is the salary for Data Analyst in LIC?
Data Analyst average salary in the US is 90k
What are the salaries in the Sales in LIC?
The average salaries for Sales in LIC is 148k
Who are LIC competitors?
LIC main competitors are ICICI Bank, Axis Bank, State Bank of India, HDFC Bank
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