ICICI Lombard General Insurance Company Mumbai Business Analyst Salaries by 20+ Employees (Updated 2025)

0 - 6 years exp.

₹4 Lakhs - ₹13.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% less than the average Business Analyst Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 0 - 6 years exp. (13 salaries)	₹5.3 L/yr - ₹12 L/yr
Project & Program Management Business Analyst Salary 2 - 6 years exp. (5 salaries)	₹8.5 L/yr - ₹10.6 L/yr
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BFSI, Investments & Trading Business Analyst Salary 0 - 6 years exp. (3 salaries)	₹4 L/yr - ₹9.9 L/yr

Last Updated: 12 Mar 2025

Companies similar to ICICI Lombard General Insurance Company for Business Analyst in Mumbai

ICICI Lombard General Insurance Company Business Analyst Salary

0 - 6 years exp. (26 salaries)

₹4 L/yr - ₹13.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance General Insurance Business Analyst Salary 0 - 9 years exp. (32 salaries)	₹3.5 L/yr - ₹12.7 L/yr 20% less
HDFC Life Business Analyst Salary 1 - 8 years exp. (22 salaries)	₹3.2 L/yr - ₹11.1 L/yr 20% less
Login to view exact salary
ICICI Prudential Life Insurance Business Analyst Salary 0 - 5 years exp. (21 salaries)	₹3.6 L/yr - ₹11 L/yr 7% less
Tata AIG Business Analyst Salary 2 - 8 years exp. (21 salaries)	₹5 L/yr - ₹17.5 L/yr 18% more
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 7 years exp. (20 salaries)	₹3 L/yr - ₹10 L/yr 36% less	1 job opening
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (15 salaries)	₹4 L/yr - ₹16.6 L/yr 7% more
SBI General Insurance Business Analyst Salary 1 - 7 years exp. (12 salaries)	₹4 L/yr - ₹12 L/yr 4% less
Bajaj Allianz Life Insurance Business Analyst Salary 3 - 6 years exp. (5 salaries)	₹6 L/yr - ₹16.5 L/yr 49% more
Tata AIA Life Insurance Business Analyst Salary 7 - 10 years exp. (4 salaries)	₹9.9 L/yr - ₹13.3 L/yr 15% more
PNB MetLife Business Analyst Salary 4 - 13 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr 26% less

Business Analyst salary at ICICI Lombard General Insurance Company ranges between ₹4 Lakhs to ₹13.8 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 26 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Business Analyst in Mumbai

4w ago

₹12 Lakhs

6 years exp.

2mo ago

₹4 Lakhs

5 months exp.

3mo ago

₹21 Lakhs

5 years exp.

3mo ago

₹11 Lakhs

1 year exp.

3mo ago

₹5 Lakhs

3 years exp.

5mo ago

1 year exp.

6mo ago

2 years exp.

7mo ago

8 months exp.

8mo ago

5 years exp.

1y ago

5 years exp.

Experience wise ICICI Lombard General Insurance Company Business Analyst salaries in Mumbai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹4 L/yr - ₹14.8 L/yr
1 year (4 salaries)	₹5.8 L/yr - ₹11 L/yr
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2 years (4 salaries)	₹6.2 L/yr - ₹12 L/yr
3 years (4 salaries)	₹5 L/yr - ₹16.2 L/yr
4 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
5 years (7 salaries)	₹6 L/yr - ₹16.1 L/yr
6 years (3 salaries)	₹7.3 L/yr - ₹12 L/yr

View all

Similar Designation salaries in ICICI Lombard General Insurance Company

Team Lead Salary

(36 salaries)

₹1.05 L/yr - ₹8.2 L/yr

Data Scientist Salary

(30 salaries)

₹7.2 L/yr - ₹26.52 L/yr

Data Analyst Salary

(26 salaries)

₹4 L/yr - ₹14.1 L/yr

Project Manager Salary

(9 salaries)

₹9.56 L/yr - ₹20 L/yr

Senior Associate Salary

(9 salaries)

₹4 L/yr - ₹6.5 L/yr

Analyst Salary

(8 salaries)

₹4 L/yr - ₹17.8 L/yr

Senior Business Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹16 L/yr

Top skills at ICICI Lombard General Insurance Company for Business Analyst

Business Analysis Requirement Gathering Business Analytics JIRA UAT Gap Analysis General Insurance Data Analytics Product Management Functional Analysis Brd XML Business requirement analysis Data Extraction Business Intelligence

Salary related reviews for ICICI Lombard General Insurance Company

2.9

Rated by 5 employees for salary & benefits

Product Manager in Mumbai

Marketing & Communication Department

3.0

• posted on 13 Oct 2022

1.0

for Salary and Benefits

Likes

...place to work for those who are willing to get retired from the particular firm. On time salary. Professional and Straightforward VP.

Job security - Excellent

Dislikes

Work culture overall i.e non-responsive HR (Except Mohit Bane), IT team, Bad appraisal process and micro monitoring person AVP who is not even supporting towards the team. Even i will recommend to other peoples don't join in his team you will get exploit, harresed and irritated each and evey working as well as non working hours. There is no value for your efforts, even after showing result oriented work in full proof.

Salary - Bad

+4 more

Product Manager in Patna

Manpower Department

5.0

• posted on 20 Dec 2021

5.0

for Salary and Benefits

Likes

Good work environment and culture,Company policies are good,appraisals are fair and they give good salary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.

Business Development Executive in New Delhi

Procurement & Supply Chain Department

1.0

• posted on 21 Jun 2020

2.0

for Salary and Benefits

Likes

As I m a former employee of this company i found that only work is important not any thing else.. They gives mental pressure to the employees which results in nervous break down. I m lucky that my family support is with me and I leave the job just after 3 months of joining because of mental torture by the boss of our vertical.. Plz don't join this company if u dont want to take mental pressure

Dislikes

.... Pathetic working culture.. Pathetic boss... Pathetic company to work with. The person will get salary but also get mental pressure which can broke u up....

Salary - Poor

+6 more

Product Manager in Mumbai

Bancassurance Department

3.0

• posted on 28 Dec 2020

4.0

for Salary and Benefits

Likes

Office ambience. Good pay scale. 5 days work in a week so good work life balance.

Salary - Good

+2 more

Dislikes

No skill devlopement, career growth is dependent on your relationship with superior, too much process oriented job, travelling is cumbersome if your work in head office.

Skill development - Bad

+2 more

Customer Relationship Manager in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

4.0

• posted on 25 Mar 2025

3.0

for Salary and Benefits

Likes

There is several departments, i was working in ( CRT Department ), i had good experience at icici Lombard, if you are completing your on time so no one will force you for OT, if you want leave so you will have to inform few days back to your reporting person and your leave will be approved, we had office outing also, i had been there for 1 year i haven't felt any office politics.

Job security - Excellent

+4 more

Dislikes

Less salary IJP after 18 months No gift or sweet in diwali Less salary hike

see more salary related reviews

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What people are saying about ICICI Lombard General Insurance Company

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How to change industry

I have an experience of 14 years in insurance sales . Want to switch profile and industry. What would be the way forward?

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ICICI Lombard General Insurance Company Business Analyst Salary FAQs

What is the salary of Business Analyst at ICICI Lombard General Insurance Company in Mumbai?

The average salary of a Business Analyst at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹4.0 Lakhs to ₹13.8 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Analyst in Mumbai at ICICI Lombard General Insurance Company earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Business Analyst 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 20+ ICICI Lombard General Insurance Company employees in India.

What is the estimated take home salary of a Business Analyst at ICICI Lombard General Insurance Company in Mumbai?

The estimated take-home salary of a Business Analyst at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹65,443 to ₹67,114 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹13.8 Lakhs per year for employees with experience ranging from Fresher to 6 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 20+ 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 Business Analyst at ICICI Lombard General Insurance Company in Mumbai?

To be a Business Analyst at ICICI Lombard General Insurance Company in Mumbai, the key skills required include:

- Business Analysis
- Requirement Gathering
- Business Analytics
- JIRA
- UAT

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 Business Analyst in India?

Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹16.5 Lakhs per year
Tata AIG	₹5.0 Lakhs to ₹17.5 Lakhs per year
Tata AIA Life Insurance	₹9.9 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹4.0 Lakhs to ₹16.6 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 Business Analyst in companies similar to ICICI Lombard General Insurance Company in Mumbai?

The salary of a Business Analyst at companies similar to ICICI Lombard General Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI General Insurance	₹4.0 Lakhs to ₹12.0 Lakhs per year
ICICI Prudential Life Insurance	₹3.6 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹3.2 Lakhs to ₹11.1 Lakhs per year
Reliance General Insurance	₹3.5 Lakhs to ₹12.7 Lakhs per year
PNB MetLife	₹5.0 Lakhs to ₹8.0 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 Business Analyst at ICICI Lombard General Insurance Company in Mumbai?

The salary growth for a Business Analyst at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Analyst in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹14.8 Lakhs per year
1 year	₹5.8 Lakhs to ₹11.0 Lakhs per year
2 years	₹6.2 Lakhs to ₹12.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹16.2 Lakhs per year

and so on.

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ICICI Lombard General Insurance Company Business Analyst Salaries in Mumbai

ICICI Lombard General Insurance Company Business Analyst salary in Mumbai ranges between ₹4 Lakhs to ₹13.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Business Analyst salaries in Mumbai (Updated 2025)

Companies similar to ICICI Lombard General Insurance Company for Business Analyst in Mumbai

Latest annual salaries shared by ICICI Lombard General Insurance Company Business Analyst in Mumbai

Experience wise ICICI Lombard General Insurance Company Business Analyst salaries in Mumbai

Similar Designation salaries in ICICI Lombard General Insurance Company

Top skills at ICICI Lombard General Insurance Company for Business Analyst

Salary related reviews for ICICI Lombard General Insurance Company

Product Manager in Mumbai

Product Manager in Patna

Business Development Executive in New Delhi

Product Manager in Mumbai

Customer Relationship Manager in Hyderabad / Secunderabad

ICICI Lombard General Insurance Company Business Analyst Salary FAQs

Tell us how to improve this page.