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

Annual salary range
3 - 15 years exp.
₹2.5 Lakhs - ₹12.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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55% less than the average Team Manager Salary in Insurance Companies for 3 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Team Manager Salary
3 - 12 years exp. (3 salaries)
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₹2.5 L/yr - ₹7.9 L/yr

Customer Success, Service & Operations
Team Manager Salary
7 - 12 years exp. (3 salaries)
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₹6.7 L/yr - ₹9.5 L/yr

Sales & Business Development
Team Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹8.5 L/yr

Last Updated: 25 Jan 2025

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

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ICICI Lombard General Insurance Company Team Manager Salary

3 - 15 years exp. (11 salaries)

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₹2.5 L/yr - ₹12.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Team Manager Salary

2 - 7 years exp. (9 salaries)

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₹5.7 L/yr - ₹7 L/yr

arrow icon 14% less
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Gallagher Team Manager Salary

7 - 12 years exp. (6 salaries)

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₹7 L/yr - ₹16 L/yr

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₹7.5 L/yr - ₹15 L/yr

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₹5 L/yr - ₹15.6 L/yr

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Cognizant Team Manager Salary

6 - 18 years exp. (158 salaries)

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₹7.5 L/yr - ₹32 L/yr

arrow icon 140% more
1 job opening
Team Manager salary at ICICI Lombard General Insurance Company ranges between ₹2.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 11 latest salaries received from various employees of ICICI Lombard General Insurance Company.

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

2mo ago
₹4.5 Lakhs
5 years exp.
7mo ago
₹8.5 Lakhs
6 years exp.

Experience wise ICICI Lombard General Insurance Company Team Manager salaries in Mumbai

Last Updated: 25 Jan 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6.1 L/yr
4 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
5 years (AmbitionBox Estimate)

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

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₹5.7 L/yr - ₹7.3 L/yr
7 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
View all

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹1.8 L/yr - ₹8.15 L/yr
Team Lead Salary
(36 salaries)
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₹1.05 L/yr - ₹8.2 L/yr
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₹9.56 L/yr - ₹20 L/yr
Deputy Manager Salary
(9 salaries)
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₹4.65 L/yr - ₹11 L/yr
Branch Manager Salary
(8 salaries)
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₹6 L/yr - ₹12 L/yr
Area Manager Salary
(8 salaries)
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₹6.8 L/yr - ₹18.5 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

3.6

Rated by 4 employees for salary & benefits

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

read more
  • Salary - Bad
  • +6 more

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

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.

read more
  • Skill development - Bad
  • +3 more

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
see more salary related reviews

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ICICI Lombard General Insurance Company Team Manager Salary FAQs

What is the salary of Team Manager at ICICI Lombard General Insurance Company in Mumbai?
The average salary of a Team Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹2.5 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 3 years to 15 years).

The top 10% of Team Manager in Mumbai at ICICI Lombard General Insurance Company earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Team 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 Team Manager at ICICI Lombard General Insurance Company in Mumbai?
The estimated take-home salary of a Team Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹55,140 to ₹56,519 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 3 years to 15 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 Team Manager in India?
Cognizant ₹7.5 Lakhs to ₹32.0 Lakhs per year
SBI Life Insurance Company ₹7.5 Lakhs to ₹15.0 Lakhs per year
ICICI Prudential Life Insurance ₹5.0 Lakhs to ₹15.6 Lakhs per year
Gallagher ₹7.0 Lakhs to ₹16.0 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 Team Manager in companies similar to ICICI Lombard General Insurance Company in Mumbai?
The salary of a Team 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:

HDFC Life ₹5.7 Lakhs to ₹7.0 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 Team Manager at ICICI Lombard General Insurance Company in Mumbai?
The salary growth for a Team Manager at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Team Manager in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
3 years ₹4.7 Lakhs to ₹6.1 Lakhs per year
4 years ₹5.1 Lakhs to ₹6.5 Lakhs per year
5 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years ₹5.7 Lakhs to ₹7.3 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Team Manager salary in Mumbai ranges between ₹2.5 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.