ICICI Prudential Life Insurance Actuarial Manager Salaries by 6 Employees

0 - 5 years exp.

₹5.3 Lakhs - ₹25.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

22% less than the average Actuarial Manager Salary in Insurance Companies for 0 - 5 years of experience

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Last Updated: 19 Jan 2024

Companies similar to ICICI Prudential Life Insurance for Actuarial Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Actuarial Manager Salary 6 - 11 years exp. (4 salaries)	₹10.1 L/yr - ₹12 L/yr 26% less
Kotak Mahindara Life Insurance Actuarial Manager Salary 0 - 2 years exp. (4 salaries)	₹6.5 L/yr - ₹8.5 L/yr 52% less
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Swiss Re Actuarial Manager Salary 6 - 14 years exp. (3 salaries)	₹14 L/yr - ₹80 L/yr 185% more
Care Health Insurance Actuarial Manager Salary 0 - 3 years exp. (9 salaries)	₹4.5 L/yr - ₹8.8 L/yr 53% less
WNS Actuarial Manager Salary 2 - 16 years exp. (5 salaries)	₹10.1 L/yr - ₹27 L/yr 30% more

Actuarial Manager salary at ICICI Prudential Life Insurance ranges between ₹5.3 Lakhs to ₹25.2 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Actuarial Manager salaries

Last Updated: 19 Jan 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5.3 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹11 L/yr
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2 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹22.9 L/yr
3 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹17.8 L/yr
4 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr
5 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹25.2 L/yr

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Salary related reviews for ICICI Prudential Life Insurance

Business Development Manager in Sambalpur

Agency Sales Department

3.0

• posted on 08 Aug 2020

4.0

for Salary and Benefits

Likes

Salary is ok, training is provided on the regular basis. Bonus and increaments are good.

Salary - Good

+1 more

Dislikes

Internal politics in management and higher posts, superior treats like a dog. Very bad and abusive language is used on the bad days. Little to no patience is there in the upper management.

Promotions - Poor

+1 more

Financial Analyst in Hyderabad / Secunderabad

Marketing & Communication Department

5.0

• posted on 16 Jul 2019

5.0

for Salary and Benefits

Likes

.... We can improve our product knowledge and skills. Pleasant environment to work. Good salary.

Salary - Excellent

+6 more

Dislikes

Products are good but a good training must be need for starters.

Business Development Manager in Kolkata

Customer Success, Service & Operations Department

4.0

• posted on 20 Mar 2018

3.0

for Salary and Benefits

Likes

I have learned a lot about insurance. Good platform to learn as a fresher, staffs are very much helpful, good and safe work environment.

Skill development - Excellent

+2 more

Dislikes

...tructure is very tough. Good rating in continuous 2 years is not that much easy. Starting salary structure is very bad, even some times lower than house keeping boys

Senior Financial Service Manager in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2025

5.0

for Salary and Benefits

Likes

The work-life balance here is good, and the salary and promotions are also rewarding. This makes ICICI Prudential Life the best company for us.

Salary - Excellent

+6 more

Dislikes

There is nothing that would make us say we dislike ICICI Prudential LIC LTD...

Financial Service Consultant in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jan 2025

3.0

for Salary and Benefits

Likes

Icici prudential is basically good company .It gives good salary for freshers.

Dislikes

Company wise icici is very good. But salem branch is very worst for managers support There is a lots of politics.seniors not help for juniors especially ANAND (ARM) PSF channel is help to senior only. Anand give only 6month time for begineers .After 6 months They don't give a business he compale for the separation . HR wise no action for anand.

Skill development - Bad

+3 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Prudential Life Insurance Actuarial Manager Salary FAQs

What is the salary of Actuarial Manager at ICICI Prudential Life Insurance ?

The average salary of a Actuarial Manager at ICICI Prudential Life Insurance in India typically ranges from ₹5.3 Lakhs to ₹25.2 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Actuarial Manager at ICICI Prudential Life Insurance earn more than ₹24.4 Lakhs per year, and the top 1% earn over ₹25.2 Lakhs per year. Actuarial Manager Salaries at ICICI Prudential Life Insurance 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 6 ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Actuarial Manager at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Actuarial Manager at ICICI Prudential Life Insurance in India typically ranges from ₹1,02,047 to ₹1,04,835 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹25.2 Lakhs per year for employees with experience ranging from Fresher to 5 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 6 salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Prudential Life Insurance for Actuarial Manager in India?

Swiss Re	₹14.0 Lakhs to ₹80.0 Lakhs per year
WNS	₹10.1 Lakhs to ₹27.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Prudential Life Insurance, depending on the role and experience level.

What is the salary of a Actuarial Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Actuarial Manager at companies similar to ICICI Prudential Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company	₹10.1 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance	₹6.5 Lakhs to ₹8.5 Lakhs per year
Care Health Insurance	₹4.5 Lakhs to ₹8.8 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 Actuarial Manager at ICICI Prudential Life Insurance in India?

The salary growth for a Actuarial Manager at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Actuarial Manager can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
Fresher	₹5.3 Lakhs to ₹6.0 Lakhs per year
1 year	₹3.5 Lakhs to ₹11.0 Lakhs per year
2 years	₹12.3 Lakhs to ₹22.9 Lakhs per year
3 years	₹6.7 Lakhs to ₹17.8 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Actuarial Manager Salaries

ICICI Prudential Life Insurance Actuarial Manager salary in India ranges between ₹5.3 Lakhs to ₹25.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.