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ICICI Lombard General Insurance Company Operations Executive salaries in Mumbai (Updated 2025)

Annual salary range
1 - 7 years exp.
₹1 Lakh - ₹4.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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12% less than the average Operations Executive Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Operations Executive Salary
2 - 6 years exp. (10 salaries)
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₹1.4 L/yr - ₹3.6 L/yr

BFSI, Investments & Trading
Operations Executive Salary
1 - 7 years exp. (7 salaries)
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₹1 L/yr - ₹3.5 L/yr

Finance & Accounting
Operations Executive Salary
1 year exp. (AmbitionBox Estimate)
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₹1.7 L/yr - ₹3.1 L/yr

Last Updated: 23 Jan 2025

Companies similar to ICICI Lombard General Insurance Company for Operations Executive in Mumbai

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ICICI Lombard General Insurance Company Operations Executive Salary

1 - 7 years exp. (29 salaries)

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₹1 L/yr - ₹4.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Tata AIG Operations Executive Salary

0 - 7 years exp. (52 salaries)

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₹1.2 L/yr - ₹3.7 L/yr

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₹1.8 L/yr - ₹5 L/yr

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₹1.6 L/yr - ₹6.1 L/yr

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₹1.5 L/yr - ₹3.2 L/yr

arrow icon 6% less
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₹2.1 L/yr - ₹3.6 L/yr

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 14% more
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₹1.6 L/yr - ₹4.3 L/yr

arrow icon 11% more
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₹1.5 L/yr - ₹3.9 L/yr

arrow icon 14% less
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₹1.2 L/yr - ₹2.7 L/yr

arrow icon 16% less
2 job openings
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HDFC Life Operations Executive Salary

3 - 7 years exp. (5 salaries)

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₹2 L/yr - ₹4 L/yr

arrow icon 9% more
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₹2.5 L/yr - ₹3 L/yr

At par
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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 7% more
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PNB MetLife Operations Executive Salary

2 - 5 years exp. (4 salaries)

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₹2 L/yr - ₹3.1 L/yr

arrow icon 3% less
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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 58% more
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₹2.4 L/yr - ₹3.8 L/yr

arrow icon 3% less
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₹2.6 L/yr - ₹3.5 L/yr

arrow icon 14% more
Operations Executive salary at ICICI Lombard General Insurance Company ranges between ₹1 Lakh to ₹4.3 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 29 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Operations Executive in Mumbai

2mo ago
₹3.5 Lakhs
6 years exp.
5mo ago
₹3 Lakhs
5 years exp.
7mo ago
₹2 Lakhs
2 years exp.
10mo ago
₹1.8 Lakh
7 years exp.
11mo ago
₹2.1 Lakhs
4 years exp.
1y ago
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3 years exp.
1y ago
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6 years exp.
1y ago
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4 years exp.
1y ago
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1 year exp.
1y ago
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1 year exp.

Experience wise ICICI Lombard General Insurance Company Operations Executive salaries in Mumbai

Last Updated: 23 Jan 2025

Experience Avg Annual Salary
1 year  (5 salaries)

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₹1 L/yr - ₹4.3 L/yr
2 years  (6 salaries)

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₹1.4 L/yr - ₹3 L/yr
3 years  (6 salaries)

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₹2 L/yr - ₹3.5 L/yr
4 years  (3 salaries)

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₹1.8 L/yr - ₹3 L/yr
5 years  (4 salaries)

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₹2.2 L/yr - ₹3.8 L/yr
View all

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹1.8 L/yr - ₹8.55 L/yr
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₹2.5 L/yr - ₹7 L/yr
Team Lead Salary
(36 salaries)
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₹1.05 L/yr - ₹8.2 L/yr
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₹1.5 L/yr - ₹3.5 L/yr
MIS Executive Salary
(30 salaries)
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₹1.7 L/yr - ₹4.77 L/yr
Senior Officer Salary
(10 salaries)
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₹2.55 L/yr - ₹3.8 L/yr
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₹2 L/yr - ₹3 L/yr
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₹4 L/yr - ₹6.5 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

3.0

Rated by 5 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

Marketing & Communication Department

2.0
  •  posted on 12 Oct 2021

1.0
 for  Salary and Benefits

Likes

...g queue for tea and coffee because tea and coffee is available for limited time. salary is not good. They pay for a 9:30 hours but actually they take your 11 hours for work only and not even giving a overtime incentive. there is no career growth. But yes i was lucky because my team leader and Teammates are very supportive and caring. I meet so many people in lombard and realize no one is happy everyone is working because they want to gain experience and icici lombard is a big name so they can find a better job and i think lombard is already known this that's why they give a very less basic salary and quarterly incentives.

read more

Dislikes

They dont value There employees

  • Salary - Bad
  • +6 more

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.

read more
  • Job security - Excellent
  • +4 more

Dislikes

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

read more
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ICICI Lombard General Insurance Company Operations Executive Salary FAQs

What is the salary of Operations Executive at ICICI Lombard General Insurance Company in Mumbai?
The average salary of a Operations Executive at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹1.0 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Operations Executive in Mumbai at ICICI Lombard General Insurance Company earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Operations Executive 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 Operations Executive at ICICI Lombard General Insurance Company in Mumbai?
The estimated take-home salary of a Operations Executive at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹19,540 to ₹21,211 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 1 year to 7 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.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Operations Executive in India?
Tata AIA Life Insurance ₹1.6 Lakhs to ₹6.1 Lakhs per year
SBI Life Insurance Company ₹3.5 Lakhs to ₹5.5 Lakhs per year
SBI General Insurance ₹1.8 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance ₹2.5 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance ₹2.6 Lakhs to ₹3.5 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 Operations Executive in companies similar to ICICI Lombard General Insurance Company in Mumbai?
The salary of a Operations Executive 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:

Axis Max Life Insurance ₹1.6 Lakhs to ₹4.3 Lakhs per year
HDFC Life ₹2.0 Lakhs to ₹4.0 Lakhs per year
Canara HSBC Life Insurance ₹1.8 Lakhs to ₹3.6 Lakhs per year
Reliance Nippon Life Insurance ₹2.5 Lakhs to ₹3.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.1 Lakhs to ₹3.6 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 Operations Executive at ICICI Lombard General Insurance Company in Mumbai?
The salary growth for a Operations Executive at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Operations Executive in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
1 year ₹1.0 Lakhs to ₹4.3 Lakhs per year
2 years ₹1.4 Lakhs to ₹3.0 Lakhs per year
3 years ₹2.0 Lakhs to ₹3.5 Lakhs per year
4 years ₹1.8 Lakhs to ₹3.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Operations Executive salary in Mumbai ranges between ₹1 Lakh to ₹4.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 29 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.