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ICICI Lombard General Insurance Company Area Manager salaries in Bangalore / Bengaluru

Annual salary range
4 - 7 years exp.
₹9.9 Lakhs - ₹18 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Area Manager Salary at ICICI Lombard General Insurance Company ranges between ₹9.9 Lakhs to ₹18 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest... Read more

24% more than the average Area Manager Salary in Insurance Companies for 4 - 7 years of experience

Interested in this particular role? 1 job opening

Last Updated: 12 Mar 2023

Companies similar to ICICI Lombard General Insurance Company for Area Manager in Bangalore / Bengaluru

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ICICI Lombard General Insurance Company Area Manager Salary

4 - 7 years exp. (4 salaries)

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₹9.9 L/yr - ₹18 L/yr

vs
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₹7.2 L/yr - ₹12 L/yr

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SBI Life Insurance Company Area Manager Salary

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Axis Max Life Insurance Area Manager Salary

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₹6.5 L/yr - ₹8 L/yr

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Shriram Life Insurance Area Manager Salary

9 - 17 years exp. (5 salaries)

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₹7.5 L/yr - ₹11.5 L/yr

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₹12.3 L/yr - ₹18 L/yr

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Tata AIA Life Insurance Area Manager Salary

7 - 16 years exp. (4 salaries)

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₹8.5 L/yr - ₹9.8 L/yr

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₹8.9 L/yr - ₹16.7 L/yr

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ICICI Lombard General Insurance Company Area Manager Salary and Career Growth

From

To

Area Manager

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3 - 17 years exp.

Vice President

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17 - 22 years exp.

Area Manager

3 - 17 years exp.
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Regional Manager

2 - 18 years exp.
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arrow icon -4% hike

Associate Vice President

8 - 21 years exp.
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arrow icon 105% hike

From

To

Area Manager

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3 - 17 years exp.

Deputy Vice President

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13 - 25 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

ICICI Lombard General Insurance Company Area Manager salaries by

Years of experience Avg. annual salary
4 years (AmbitionBox Estimate)

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₹12.8 L/yr - ₹16.3 L/yr
5 years (AmbitionBox Estimate)

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₹12.6 L/yr - ₹16.1 L/yr
6 years (AmbitionBox Estimate)

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₹12.5 L/yr - ₹15.9 L/yr
7 years (AmbitionBox Estimate)

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₹12.3 L/yr - ₹15.7 L/yr

Similar Designation Salaries at ICICI Lombard General Insurance Company

Similar Designation Avg. annual salary
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₹3.9 L/yr - ₹11.4 L/yr

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₹7.9 L/yr - ₹19 L/yr

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₹6.2 L/yr - ₹12 L/yr

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₹6.5 L/yr - ₹10 L/yr

Team Lead Salary
(3 salaries)
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₹4.9 L/yr - ₹7.5 L/yr

Top trending discussions

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Career Growth
1w (edited)
pleasantfox
·
works at
Insurance Sector
Stability vs Growth
I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else
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Salary related reviews for ICICI Lombard General Insurance Company

1.0

Rated by 1 employees for salary & benefits

Full Time

 · 

KRG Department

1.0
  •  updated on 07 Feb 2022

1.0
 for  Salary and Benefits

Likes

Pros: Brand name Tech savy High Variable pay (not sure whether we'll get it or not) Cons: No one gives a f*ck about ur issues. No owing of responsibility. Completely tech driven, no human interaction as the system would assign everything. People won't attend calls. Your problem is your problem, none of our Problem. High Pressure to achieve target without top level and ground level support. Except sales no one will work on Saturday.

read more

Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  updated on 07 Mar 2024

2.0
 for  Salary and Benefits

Likes

Good organization but motor claim department having lot of work load and there is very much biased in ratings and promotion

read more

Dislikes

...year of my carrier I got only one promotion and one good ratings Started with 2.4 lakh and ended with 8 lakhs package per annum

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  updated on 08 Jun 2024

4.0
 for  Salary and Benefits

Likes

Get salary on time,

  • Salary - Good
  • +1 more

Dislikes

Toxic behaviour by top management, and HR will not supportive, On every day 4-5 con call , work under pressure , HR will transfer any time any where without prior notice, old employees are permanent दामाद of company, they will not accept new employees.

read more
  • Job security - Bad
  • +3 more

Full Time

 · 

Sales Department

4.0
  •  updated on 01 Jan 2021

5.0
 for  Salary and Benefits

Likes

Thinking about the future and placing itself in front above other co.

  • Salary - Excellent
  • +1 more

Dislikes

Changes in designation, pressure of your package in your job responsibilities are huge, especially in East the culture is not as professional as in other zones.

read more
  • Job security - Poor

Full Time

 · 

Sales & Business Development Department

5.0
  •  updated on 20 Jan 2022

5.0
 for  Salary and Benefits

Likes

...agers. And also I find the management is very much transparent to the employers. Company policies are good, appreciation and appraisals are fair and they give good salary hike and bouns every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

I feel work culture towards timings they have to rework ... employee in that company I felt very stretch timings towards work not able to find the timing for my personal life.

read more
see more salary related reviews

ICICI Lombard General Insurance Company Area Manager Salary FAQs

What is the salary of Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru?
The average salary of a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru typically ranges from ₹9.9 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Area Manager in Bangalore / Bengaluru at ICICI Lombard General Insurance Company earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Area Manager Salaries at ICICI Lombard General Insurance Company can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru?
The estimated take-home salary of a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru typically ranges from ₹93,112 to ₹95,611 per month. This is based on the average salary range of ₹9.9 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 4 years to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru?
To be a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru, the key skills required include:

  • - Area Sales Management
  • - Marine Insurance
  • - Sales Planning
  • - Relationship Management
  • - institutional sales

These skills are highly valued at ICICI Lombard General Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Area Manager in India?
Reliance Nippon Life Insurance ₹12.3 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance ₹11.3 Lakhs to ₹17.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Lombard General Insurance Company, depending on the role and experience level.
What is the salary of a Area Manager in companies similar to ICICI Lombard General Insurance Company in Bangalore / Bengaluru?
The salary of a Area Manager at companies similar to ICICI Lombard General Insurance Company in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance General Insurance ₹8.9 Lakhs to ₹16.7 Lakhs per year
SBI Life Insurance Company ₹7.7 Lakhs to ₹14.3 Lakhs per year
Axis Max Life Insurance ₹7.5 Lakhs to ₹11.8 Lakhs per year
Shriram Life Insurance ₹7.5 Lakhs to ₹11.5 Lakhs per year
Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹11.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru?
The salary growth for a Area Manager at ICICI Lombard General Insurance Company in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Area Manager in Bangalore / Bengaluru can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
4 years ₹12.8 Lakhs to ₹16.3 Lakhs per year
5 years ₹12.6 Lakhs to ₹16.1 Lakhs per year
6 years ₹12.5 Lakhs to ₹15.9 Lakhs per year
7 years ₹12.3 Lakhs to ₹15.7 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Area Manager salary in Bangalore / Bengaluru ranges between ₹9.9 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.