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ICICI Lombard General Insurance Company Department Manager salaries in India

Annual salary range
1 - 5 years exp.
₹6 Lakhs - ₹15 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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62% more than the average Department Manager Salary in Insurance Companies for 1 - 5 years of experience

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Last Updated: 23 Nov 2024

Companies similar to ICICI Lombard General Insurance Company for Department Manager

Company name Avg Annual Salary Open Jobs
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Tata AIG Department Manager Salary

0 - 5 years exp. (9 salaries)

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₹3.6 L/yr - ₹10 L/yr

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₹2.5 L/yr - ₹4.3 L/yr

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₹4.5 L/yr - ₹8.7 L/yr

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₹5.4 L/yr - ₹6.8 L/yr

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HDFC Life Department Manager Salary

1 - 3 years exp. (3 salaries)

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₹4.5 L/yr - ₹17 L/yr

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₹8 L/yr - ₹13 L/yr

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₹8.1 L/yr - ₹10 L/yr

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₹9 L/yr - ₹12.4 L/yr

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Department Manager salary at ICICI Lombard General Insurance Company ranges between ₹6 Lakhs to ₹15 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Lombard General Insurance Company.

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

1mo ago
₹7.5 Lakhs
2 years exp.
1y ago
₹6 Lakhs
4 years exp.
1y ago
₹15 Lakhs
5 years exp.
1y ago
₹6 Lakhs
1 year exp.

Experience wise ICICI Lombard General Insurance Company Department Manager salaries

Last Updated: 23 Nov 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
2 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
4 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
5 years (AmbitionBox Estimate)

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₹13.5 L/yr - ₹17.2 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

Deputy Manager Salary
(15 salaries)
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₹4.65 L/yr - ₹13.25 L/yr
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₹1.8 L/yr - ₹9 L/yr
Store Manager Salary
(3 salaries)
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₹2.1 L/yr - ₹11.6 L/yr
Sales Manager Salary
(566 salaries)
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₹2 L/yr - ₹11.36 L/yr
Warehouse Manager Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Assistant Department Manager Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
Team Lead Salary
(126 salaries)
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₹1.05 L/yr - ₹8.5 L/yr
Store Incharge Salary
(AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr
Sales Officer Salary
(171 salaries)
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₹0.85 L/yr - ₹4 L/yr
Computer Operator Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 21 Sep 2023

1.0
 for  Salary and Benefits

Likes

Job security. They didn't fire anyone

  • Job security - Excellent

Dislikes

Very less salary If you work hard they will never appreciate you Sales team involvement infact manger did not take stand for there employees. They only blames you. Work load is to high you will be doing 2 persons work at 1 person salary. Work culture is very bad.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 03 Apr 2023

2.0
 for  Salary and Benefits

Likes

Job security and few HR policies now those are outdated. Nothing much other than job security.

  • Job security - Good

Dislikes

... year rather than thinking about team requirements. Should work on all weekends. No extra pay for overtime. Band 1 people come and say that they are going to implement overtime allowances but it's almost 2 years now but no such action taken. No internal job movements as they are scared to move resources for loss of track and no skill improvement programs. You would do same kind of job for years and they never reply to complaints.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 18 May 2023

2.0
 for  Salary and Benefits

Likes

Only the good part is job security

  • Job security - Good

Dislikes

...urism, no promotion and good appraisal if you are not your superior's favourite. New joiners are paid very good salary good hike and old employees are not valued

read more
  • Salary - Poor
  • +3 more

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.

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

Customer Success, Service & Operations Department

4.0
  •  posted on 23 Nov 2020

3.0
 for  Salary and Benefits

Likes

...vironmenta also good & huge cafeteria as well as gaming activities for chilling. Company policy are good, appraisal for fair and they give good salary hoke and bonus every year.

read more
  • Skill development - Good
see more salary related reviews

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ICICI Lombard General Insurance Company Department Manager Salary FAQs

What is the salary of Department Manager at ICICI Lombard General Insurance Company ?
The average salary of a Department Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹6.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Department Manager at ICICI Lombard General Insurance Company earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Department 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 Department Manager at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Department Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹63,132 to ₹64,737 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 1 year to 5 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.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Department Manager in India?
Iffco Tokio General Insurance Co. ₹9.0 Lakhs to ₹12.4 Lakhs per year
SBI General Insurance ₹8.0 Lakhs to ₹13.0 Lakhs per year
HDFC Life ₹4.5 Lakhs to ₹17.0 Lakhs per year
Canara HSBC Life Insurance ₹8.1 Lakhs to ₹10.0 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 Department Manager in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Department Manager at companies similar to ICICI Lombard General Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIG ₹3.6 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance ₹5.4 Lakhs to ₹6.8 Lakhs per year
ICICI Prudential Life Insurance ₹4.5 Lakhs to ₹8.7 Lakhs per year
SBI Life Insurance Company ₹2.5 Lakhs to ₹4.3 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 Department Manager at ICICI Lombard General Insurance Company in India?
The salary growth for a Department Manager at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Department Manager can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
1 year ₹5.4 Lakhs to ₹6.9 Lakhs per year
2 years ₹6.8 Lakhs to ₹8.6 Lakhs per year
4 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
5 years ₹13.5 Lakhs to ₹17.2 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Department Manager salary in India ranges between ₹6 Lakhs to ₹15 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.