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ICICI Lombard General Insurance Company Insurance Manager salaries in India

Annual salary range
3 - 13 years exp.
₹2.4 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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6% more than the average Insurance Manager Salary in Insurance Companies for 3 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Manager Salary
5 - 13 years exp. (4 salaries)
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₹3.6 L/yr - ₹4.5 L/yr

Sales & Business Development
Insurance Manager Salary
3 - 9 years exp. (4 salaries)
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₹4.7 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Insurance Manager Salary
4 - 6 years exp. (3 salaries)
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₹2.4 L/yr - ₹3.8 L/yr

Marketing & Communication
Insurance Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.5 L/yr

Last Updated: 27 Sep 2024

Companies similar to ICICI Lombard General Insurance Company for Insurance Manager

Company name Avg Annual Salary Open Jobs
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PNB MetLife Insurance Manager Salary

0 - 8 years exp. (70 salaries)

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₹0.6 L/yr - ₹5.3 L/yr

arrow icon 14% less
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HDFC Life Insurance Manager Salary

1 - 6 years exp. (50 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 12% less
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₹1.5 L/yr - ₹6 L/yr

arrow icon 15% less
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₹1.8 L/yr - ₹5 L/yr

arrow icon 19% less
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₹2.6 L/yr - ₹7.7 L/yr

arrow icon 9% more
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₹2.3 L/yr - ₹5 L/yr

arrow icon 9% less
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₹2.5 L/yr - ₹5.9 L/yr

arrow icon 8% less
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₹2.8 L/yr - ₹5 L/yr

arrow icon 18% less
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Shriram Life Insurance Insurance Manager Salary

2 - 15 years exp. (13 salaries)

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₹1 L/yr - ₹5 L/yr

arrow icon 21% less
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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 14% less
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₹3 L/yr - ₹5.6 L/yr

arrow icon 11% less
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₹2.4 L/yr - ₹7.5 L/yr

arrow icon 10% more
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Tata AIG Insurance Manager Salary

3 - 13 years exp. (9 salaries)

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₹2.7 L/yr - ₹7.9 L/yr

arrow icon 26% more
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₹3 L/yr - ₹5.1 L/yr

At par
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₹3.3 L/yr - ₹6 L/yr

arrow icon 11% more
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₹7.4 L/yr - ₹9 L/yr

arrow icon 76% more
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₹4.2 L/yr - ₹7.3 L/yr

arrow icon 4% more
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₹1.2 L/yr - ₹15 L/yr

arrow icon 54% more
Insurance Manager salary at ICICI Lombard General Insurance Company ranges between ₹2.4 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 15 latest salaries received from various employees of ICICI Lombard General Insurance Company.

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

5mo ago
₹3.8 Lakhs
5 years exp.
7mo ago
₹3.3 Lakhs
6 years exp.
9mo ago
₹2.4 Lakhs
5 years exp.
9mo ago
₹5 Lakhs
4 years exp.
10mo ago
₹4.2 Lakhs
13 years exp.
10mo ago
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3 years exp.
11mo ago
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4 years exp.
1y ago
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7 years exp.
1y ago
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5 years exp.
1y ago
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9 years exp.

Experience wise ICICI Lombard General Insurance Company Insurance Manager salaries

Last Updated: 27 Sep 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹5 L/yr
4 years  (3 salaries)

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₹2.4 L/yr - ₹5 L/yr
5 years  (3 salaries)

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₹2.4 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹5.8 L/yr
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Similar Designation salaries in ICICI Lombard General Insurance Company

Branch Manager Salary
(213 salaries)
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₹5 L/yr - ₹13 L/yr
Store Manager Salary
(3 salaries)
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₹2.1 L/yr - ₹11.6 L/yr
Area Manager Salary
(43 salaries)
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₹6.8 L/yr - ₹20 L/yr
Deputy Manager Salary
(15 salaries)
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₹4.65 L/yr - ₹13.25 L/yr
Sales Manager Salary
(566 salaries)
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₹2 L/yr - ₹11.36 L/yr
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₹5.95 L/yr - ₹22.36 L/yr
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₹5.6 L/yr - ₹14 L/yr
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₹5.6 L/yr - ₹12 L/yr
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₹3.5 L/yr - ₹7.5 L/yr
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₹2.5 L/yr - ₹8.6 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

4.0

Rated by 7 employees for salary & benefits

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.

read more
  • Job security - Bad
  • +3 more

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

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

 · 

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.

read more

Dislikes

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

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.

read more
  • Job security - Poor

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
see more salary related reviews

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What people are saying about ICICI Lombard General Insurance Company

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ICICI Lombard General Insurance Company Insurance Manager Salary FAQs

What is the salary of Insurance Manager at ICICI Lombard General Insurance Company ?
The average salary of a Insurance Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹2.4 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Insurance Manager at ICICI Lombard General Insurance Company earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Insurance 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 10+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Insurance Manager at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Insurance Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹31,377 to ₹32,671 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 3 years to 13 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 10+ 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 Insurance Manager in India?
Iffco Tokio General Insurance Co. ₹7.4 Lakhs to ₹9.0 Lakhs per year
The New India Assurance Co. ₹1.2 Lakhs to ₹15.0 Lakhs per year
Tata AIG ₹2.7 Lakhs to ₹7.9 Lakhs per year
Life Insurance Corporation of India ₹3.3 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance ₹2.4 Lakhs to ₹7.5 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 Insurance Manager in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Insurance 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 AIA Life Insurance ₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance ₹4.2 Lakhs to ₹7.3 Lakhs per year
Reliance General Insurance ₹3.0 Lakhs to ₹5.1 Lakhs per year
Kotak Mahindara Life Insurance ₹2.5 Lakhs to ₹5.9 Lakhs per year
Axis Max Life Insurance ₹2.3 Lakhs to ₹5.0 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 Insurance Manager at ICICI Lombard General Insurance Company in India?
The salary growth for a Insurance Manager at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Insurance Manager can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
3 years ₹1.7 Lakhs to ₹5.0 Lakhs per year
4 years ₹2.4 Lakhs to ₹5.0 Lakhs per year
5 years ₹2.4 Lakhs to ₹7.6 Lakhs per year
6 years ₹3.3 Lakhs to ₹7.6 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Insurance Manager salary in India ranges between ₹2.4 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.