ICICI Lombard General Insurance Company Mumbai Management Trainee Salaries by 40+ Employees (Updated 2025)

0 - 1 year exp.

₹4.2 Lakhs - ₹10.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

Interested in this particular role?

Salaries in different departments

Data Science & Analytics Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹5.3 L/yr - ₹7.7 L/yr
BFSI, Investments & Trading Management Trainee Salary 0 - 1 year exp. (6 salaries)	₹4.8 L/yr - ₹7.9 L/yr
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Finance & Accounting Management Trainee Salary 0 - 1 year exp. (6 salaries)	₹3.3 L/yr - ₹9.5 L/yr
Marketing & Communication Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹5.2 L/yr - ₹10 L/yr
Sales & Business Development Management Trainee Salary Fresher (4 salaries)	₹6 L/yr - ₹8 L/yr

View all

Last Updated: 20 Mar 2025

Companies similar to ICICI Lombard General Insurance Company for Management Trainee in Mumbai

ICICI Lombard General Insurance Company Management Trainee Salary

0 - 1 year exp. (43 salaries)

₹4.2 L/yr - ₹10.4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Management Trainee Salary 0 - 4 years exp. (78 salaries)	₹5 L/yr - ₹15 L/yr 31% more
Tata AIG Management Trainee Salary 0 - 5 years exp. (53 salaries)	₹4.2 L/yr - ₹15.4 L/yr 27% more
Login to view exact salary
ICICI Prudential Life Insurance Management Trainee Salary 0 - 2 years exp. (42 salaries)	₹5 L/yr - ₹8 L/yr 15% less
Tata AIA Life Insurance Management Trainee Salary 0 - 5 years exp. (32 salaries)	₹9 L/yr - ₹20 L/yr 82% more
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 3 years exp. (24 salaries)	₹3 L/yr - ₹7 L/yr 46% less	1 job opening
Reliance General Insurance Management Trainee Salary 0 - 2 years exp. (23 salaries)	₹4.5 L/yr - ₹7.5 L/yr 17% less
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 3 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 14% less
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹7 L/yr - ₹15 L/yr 29% more
SBI General Insurance Management Trainee Salary 1 - 4 years exp. (6 salaries)	₹9 L/yr - ₹10 L/yr 20% more
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 1% more
Axis Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 165% more
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Management Trainee salary at ICICI Lombard General Insurance Company ranges between ₹4.2 Lakhs to ₹10.4 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 43 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Management Trainee in Mumbai

3w ago

₹10 Lakhs

1 year exp.

3w ago

₹10 Lakhs

1 year exp.

1mo ago

₹6 Lakhs

5 months exp.

7mo ago

₹7 Lakhs

1 year exp.

7mo ago

₹1.1 Lakh

1 year exp.

8mo ago

1 year exp.

9mo ago

1 year exp.

10mo ago

9 months exp.

11mo ago

1 year exp.

1y ago

1 year exp.

Experience wise ICICI Lombard General Insurance Company Management Trainee salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
Fresher (23 salaries)	₹4.3 L/yr - ₹10.4 L/yr
Login to view exact salary
1 year (20 salaries)	₹5 L/yr - ₹10.4 L/yr

From

Management Trainee

₹

Lakhs/yr

0 - 1 year exp.

Vice President

₹

Lakhs/yr

14 - 23 years exp.

Management Trainee

0 - 1 year exp.

Sales Manager

1 - 14 years exp.

-22% hike

Area Sales Manager

6 - 18 years exp.

82% hike

From

View 4 more levels

Management Trainee

0 - 1 year exp.

Deputy Vice President

14 - 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.

Similar Designation salaries in ICICI Lombard General Insurance Company

Team Lead Salary

(36 salaries)

₹1.05 L/yr - ₹8.2 L/yr

Deputy Manager Salary

(9 salaries)

₹4.65 L/yr - ₹11 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

Finance Executive Salary

(3 salaries)

₹3 L/yr - ₹4.55 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

3.0

Rated by 10 employees for salary & benefits

Management Trainee in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing, if you have an option please avoid this organisation even if you don’t please find other interest for yourself

Dislikes

Everything, work culture is pathetic, salary is market minimum, work planning is pathetic as well most teams are just eating each others business, team leaders are lost when I comes to challenges, and the worst operations teams ever, if you are in sales you would wish you never worked. Dying a beggar is better than joining this place

Salary - Bad

+6 more

Management Trainee in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Jul 2023

4.0

for Salary and Benefits

Likes

If you’re looking for good salary and perks, go forward.

Salary - Good

+1 more

Dislikes

No work life balance. You can hardly manage your personal and professional life here simultaneously. Upper Management treats like robot. Although your working days are Mon-Fri, but you have to work on weekends also unofficially otherwise you’ll be scolded by upper management. Some old VPs working here are annoying.

Skill development - Bad

+3 more

Management Trainee in Vadodara

Full Time

Sales & Business Development Department

2.0

• posted on 11 Oct 2023

1.0

for Salary and Benefits

Likes

Only thing good is the brand name and time to time salary

Job security - Excellent

Dislikes

Bad managers, no work life balance, we used to work late till 1am almost everyday. I had horrible manager and super manager. Too much of hierarchy and no one used to help or support. People were so arrogant that they would bully and not teach anything to the new joinees.

Salary - Bad

+4 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

Manager - CRM in Indore (working remotely)

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 02 Feb 2025

4.0

for Salary and Benefits

Likes

Salary received on time no delays. Leaves system was also as per the requirements

Salary - Good

+3 more

Dislikes

Breaks are not appropriate I have medical issues like over active bladder I need to go to washroom frequently between one two hours but there is no break just you have to take permissions for that also break schedule not good

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 Management Trainee Salary FAQs

What is the salary of Management Trainee at ICICI Lombard General Insurance Company in Mumbai?

The average salary of a Management Trainee at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹4.2 Lakhs to ₹10.4 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee in Mumbai at ICICI Lombard General Insurance Company earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹10.4 Lakhs per year. Management Trainee 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 40+ ICICI Lombard General Insurance Company employees in India.

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

The estimated take-home salary of a Management Trainee at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹59,131 to ₹60,623 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹10.4 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 40+ 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 Management Trainee in India?

Axis Max Life Insurance	₹21.2 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance	₹9.0 Lakhs to ₹20.0 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹15.0 Lakhs per year
Tata AIG	₹4.2 Lakhs to ₹15.4 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 Management Trainee in companies similar to ICICI Lombard General Insurance Company in Mumbai?

The salary of a Management Trainee 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	₹9.0 Lakhs to ₹10.0 Lakhs per year
SBI Life Insurance Company	₹5.3 Lakhs to ₹10.5 Lakhs per year
Bajaj Allianz Life Insurance	₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹8.0 Lakhs per year
Reliance General Insurance	₹4.5 Lakhs to ₹7.5 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 Management Trainee at ICICI Lombard General Insurance Company in Mumbai?

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

Experience	Average Salary Range
Fresher	₹4.3 Lakhs to ₹10.4 Lakhs per year
1 year	₹5.0 Lakhs to ₹10.4 Lakhs per year

and so on.

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ICICI Lombard General Insurance Company Management Trainee Salaries in Mumbai

ICICI Lombard General Insurance Company Management Trainee salary in Mumbai ranges between ₹4.2 Lakhs to ₹10.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 43 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Management Trainee salaries in Mumbai (Updated 2025)

Companies similar to ICICI Lombard General Insurance Company for Management Trainee in Mumbai

Latest annual salaries shared by ICICI Lombard General Insurance Company Management Trainee in Mumbai

Experience wise ICICI Lombard General Insurance Company Management Trainee salaries in Mumbai

Similar Designation salaries in ICICI Lombard General Insurance Company

Salary related reviews for ICICI Lombard General Insurance Company

Management Trainee in New Delhi

Management Trainee in New Delhi

Management Trainee in Vadodara

Customer Relationship Manager in Hyderabad / Secunderabad

Manager - CRM in Indore (working remotely)

ICICI Lombard General Insurance Company Management Trainee Salary FAQs

Tell us how to improve this page.