ICICI Lombard General Insurance Company Business Manager Salaries by 10 Employees (Updated 2025)

3 - 14 years exp.

₹2.3 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

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54% less than the average Business Manager Salary in Insurance Companies for 3 - 14 years of experience

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Salaries in different departments

Human Resources Business Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹4.9 L/yr
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Sales & Business Development Business Manager Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹5.1 L/yr - ₹8.5 L/yr

Last Updated: 20 Mar 2024

Companies similar to ICICI Lombard General Insurance Company for Business Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	Unlock ₹3.9 L/yr - ₹15 L/yr 89% more
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	Unlock ₹3.9 L/yr - ₹6.3 L/yr 9% less
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Reliance General Insurance Business Manager Salary 7 - 17 years exp. (133 salaries)	Unlock ₹4.5 L/yr - ₹12.3 L/yr 62% more
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	Unlock ₹3.8 L/yr - ₹6.5 L/yr 4% more
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	Unlock ₹4 L/yr - ₹15.1 L/yr 71% more
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (59 salaries)	Unlock ₹2.2 L/yr - ₹5 L/yr 25% less	1 job opening
SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (29 salaries)	Unlock ₹4.4 L/yr - ₹8.5 L/yr 30% more
Tata AIA Life Insurance Business Manager Salary 4 - 17 years exp. (18 salaries)	Unlock ₹6.5 L/yr - ₹10.6 L/yr 71% more
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹8.1 L/yr 12% less
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	Unlock ₹3.1 L/yr - ₹4 L/yr 26% less
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	Unlock ₹3.5 L/yr - ₹7.5 L/yr 12% more
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Bajaj Allianz Life Insurance Business Manager Salary 7 - 13 years exp. (6 salaries)	Unlock ₹4.5 L/yr - ₹6 L/yr 11% less
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	Unlock ₹1 L/yr - ₹5.8 L/yr 50% less
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	Unlock ₹7.9 L/yr - ₹8.3 L/yr 55% more
Axis Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	Unlock ₹3.1 L/yr - ₹6.4 L/yr 14% less
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	Unlock ₹3.4 L/yr - ₹6.2 L/yr 3% less

Business Manager salary at ICICI Lombard General Insurance Company ranges between ₹2.3 Lakhs to ₹10 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 10 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Business Manager

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5 years exp.

1y ago

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13 years exp.

1y ago

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14 years exp.

1y ago

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4 years exp.

1y ago

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4 years exp.

1y ago

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14 years exp.

1y ago

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3 years exp.

1y ago

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6 years exp.

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10 years exp.

Experience wise ICICI Lombard General Insurance Company Business Manager salaries

Last Updated: 20 Mar 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹9.5 L/yr
4 years (3 salaries)	Unlock ₹2.3 L/yr - ₹5.8 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹2.1 L/yr - ₹8.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.1 L/yr - ₹9.3 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹5.9 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹5.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.8 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.7 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹8.9 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹8.8 L/yr

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Salary related reviews for ICICI Lombard General Insurance Company

1.5

Rated by 2 employees for salary & benefits

Branch Manager in Haldwani

Full Time

Sales & Business Development Department

2.0

• posted 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.

Job security - Bad

+3 more

Area Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

1.0

• posted 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

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

Salary - Poor

+6 more

Area Manager in Bangalore / Bengaluru

Full Time

KRG Department

1.0

• posted 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.

Dislikes

Salary - Bad
Skill development - Bad

+3 more

Branch Manager in Kolkata

Full Time

Sales Department

4.0

• posted 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.

Job security - Poor

Sales Manager in Chennai

Full Time

Sales & Business Development Department

5.0

• posted 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.

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.

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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ICICI Lombard General Insurance Company Business Manager Salary FAQs

What is the salary of Business Manager at ICICI Lombard General Insurance Company?

Business Manager salary at ICICI Lombard General Insurance Company in India ranges between ₹2.3 Lakhs to ₹10.0 Lakhs for experience between 3 years to 14 years. According to our estimates it is 54% less than the average Business Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of ICICI Lombard General Insurance Company India.

How does the salary of a Business Manager at ICICI Lombard General Insurance Company India compare with the average salary range for this job?

The average salary of a Business Manager at ICICI Lombard General Insurance Company is 54% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Lombard General Insurance Company to a Business Manager in India?

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance Business Manager Salary - ₹6.5 Lakhs to ₹10.6 Lakhs per year
Reliance General Insurance Business Manager Salary - ₹4.5 Lakhs to ₹12.3 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year

What is the salary of a Business Manager in companies similar to ICICI Lombard General Insurance Company in India?

SBI Life Insurance Company Business Manager Salary - ₹4.4 Lakhs to ₹8.5 Lakhs per year
PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
Future Generali India Life Insurance Business Manager Salary - ₹3.8 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindara Life Insurance Business Manager Salary - ₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹6.3 Lakhs per year

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

The estimated take-home salary of a Business Manager at ICICI Lombard General Insurance Company ranges between ₹38,331 per month to ₹39,521 per month in India. The take-home salary calculation is based on the average ICICI Lombard General Insurance Company Business Manager salary in India which ranges between ₹2.3 Lakhs to ₹10.0 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Business Manager at ICICI Lombard General Insurance Company?

According to AmbitionBox, 67% of the ICICI Lombard General Insurance Company Business Managers reported a notice period of 15 days or less, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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ICICI Lombard General Insurance Company Business Manager Salaries by Location

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ICICI Lombard General Insurance Company Business Manager Salaries

ICICI Lombard General Insurance Company Business Manager salary in India ranges between ₹2.3 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.