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ICICI Lombard General Insurance Company Senior Product Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 7 years exp.
₹6.8 Lakhs - ₹34.1 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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39% less than the average Senior Product Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

Product Management
Senior Product Manager Salary
0 - 7 years exp. (39 salaries)
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₹7 L/yr - ₹33.4 L/yr

BFSI, Investments & Trading
Senior Product Manager Salary
0 - 6 years exp. (9 salaries)
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₹6.3 L/yr - ₹33 L/yr

Data Science & Analytics
Senior Product Manager Salary
0 - 7 years exp. (8 salaries)
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₹8 L/yr - ₹32.5 L/yr

Healthcare & Life Sciences
Senior Product Manager Salary
1 - 6 years exp. (4 salaries)
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₹9.2 L/yr - ₹32.5 L/yr

Finance & Accounting
Senior Product Manager Salary
0 - 3 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹32.6 L/yr

Last Updated: 2 Apr 2025

Companies similar to ICICI Lombard General Insurance Company for Senior Product Manager in Mumbai

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ICICI Lombard General Insurance Company Senior Product Manager Salary

0 - 7 years exp. (99 salaries)

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₹6.8 L/yr - ₹34.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Senior Product Manager Salary

4 - 10 years exp. (39 salaries)

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₹13 L/yr - ₹33 L/yr

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Tata AIG Senior Product Manager Salary

1 - 6 years exp. (13 salaries)

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₹7.3 L/yr - ₹15 L/yr

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₹14.5 L/yr - ₹31 L/yr

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₹30 L/yr - ₹32 L/yr

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ICICI Bank Senior Product Manager Salary

2 - 9 years exp. (318 salaries)

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₹10 L/yr - ₹35 L/yr

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Senior Product Manager salary at ICICI Lombard General Insurance Company ranges between ₹6.8 Lakhs to ₹34.1 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 99 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Senior Product Manager in Mumbai

1w ago
₹20 Lakhs
2 years exp.
1w ago
₹24.3 Lakhs
6 years exp.
2w ago
₹31 Lakhs
5 years exp.
2w ago
₹33 Lakhs
6 years exp.
1mo ago
₹31 Lakhs
7 years exp.
2mo ago
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2 years exp.
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1 year exp.
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1 year exp.
3mo ago
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1 year exp.
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1 year exp.

Experience wise ICICI Lombard General Insurance Company Senior Product Manager salaries in Mumbai

Last Updated: 2 Apr 2025

Experience Avg Annual Salary
Fresher  (6 salaries)

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₹2.7 L/yr - ₹11 L/yr
1 year  (16 salaries)

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₹6 L/yr - ₹15.5 L/yr
2 years  (23 salaries)

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₹6.8 L/yr - ₹24 L/yr
3 years  (15 salaries)

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₹9 L/yr - ₹20 L/yr
4 years  (9 salaries)

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₹8.3 L/yr - ₹26 L/yr
View all

Similar Designation salaries in ICICI Lombard General Insurance Company

Product Manager Salary
(187 salaries)
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₹6 L/yr - ₹22.8 L/yr
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₹9.56 L/yr - ₹20 L/yr
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₹8.4 L/yr - ₹18.2 L/yr

Top skills at ICICI Lombard General Insurance Company for Senior Product Manager

General Insurance Product Management Product Strategy Product Design Agile Underwriting

Salary related reviews for ICICI Lombard General Insurance Company

2.8

Rated by 14 employees for salary & benefits

Marketing & Communication Department

3.0
  •  posted on 13 Oct 2022

1.0
 for  Salary and Benefits

Likes

...place to work for those who are willing to get retired from the particular firm. On time salary. Professional and Straightforward VP.

read more
  • Job security - Excellent

Dislikes

Work culture overall i.e non-responsive HR (Except Mohit Bane), IT team, Bad appraisal process and micro monitoring person AVP who is not even supporting towards the team. Even i will recommend to other peoples don't join in his team you will get exploit, harresed and irritated each and evey working as well as non working hours. There is no value for your efforts, even after showing result oriented work in full proof.

read more
  • Salary - Bad
  • +4 more

Manpower Department

5.0
  •  posted on 20 Dec 2021

5.0
 for  Salary and Benefits

Likes

Good work environment and culture,Company policies are good,appraisals are fair and they give good salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.

read more

Bancassurance Department

3.0
  •  posted on 28 Dec 2020

4.0
 for  Salary and Benefits

Likes

Office ambience. Good pay scale. 5 days work in a week so good work life balance.

read more
  • Salary - Good
  • +2 more

Dislikes

No skill devlopement, career growth is dependent on your relationship with superior, too much process oriented job, travelling is cumbersome if your work in head office.

read more
  • Skill development - Bad
  • +2 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

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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

read more
  • 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

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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an avp
2w
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 Senior Product Manager Salary FAQs

What is the salary of Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai?
The average salary of a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹6.8 Lakhs to ₹34.1 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Senior Product Manager in Mumbai at ICICI Lombard General Insurance Company earn more than ₹26.4 Lakhs per year, and the top 1% earn over ₹36.8 Lakhs per year. Senior Product 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 90+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai?
The estimated take-home salary of a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹1,28,000 to ₹1,32,322 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹34.1 Lakhs per year for employees with experience ranging from Fresher 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 90+ salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai?
To be a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai, the key skills required include:

  • - General Insurance
  • - Product Management
  • - Product Strategy
  • - Product Design
  • - Agile

These skills are highly valued at ICICI Lombard General Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Senior Product Manager in India?
Tata AIA Life Insurance ₹30.0 Lakhs to ₹32.0 Lakhs per year
ICICI Bank ₹10.0 Lakhs to ₹35.0 Lakhs per year
ICICI Prudential Life Insurance ₹14.5 Lakhs to ₹31.0 Lakhs per year
HDFC Life ₹13.0 Lakhs to ₹33.0 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 Senior Product Manager in companies similar to ICICI Lombard General Insurance Company in Mumbai?
The salary of a Senior Product Manager 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:

Tata AIG ₹7.3 Lakhs to ₹15.0 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 Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai?
The salary growth for a Senior Product Manager at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Product Manager in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
Fresher ₹2.7 Lakhs to ₹11.0 Lakhs per year
1 year ₹6.0 Lakhs to ₹15.5 Lakhs per year
2 years ₹6.8 Lakhs to ₹24.0 Lakhs per year
3 years ₹9.0 Lakhs to ₹20.0 Lakhs per year
and so on.

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ICICI Lombard General Insurance Company Senior Product Manager salary in Mumbai ranges between ₹6.8 Lakhs to ₹34.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 99 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.