ICICI Prudential Life Insurance Administration Manager Salaries by 7 Employees

0 - 15 years exp.

₹1.8 Lakh - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

62% less than the average Administration Manager Salary in Insurance Companies for 0 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Administration Manager Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹2.9 L/yr
Administration & Facilities Administration Manager Salary Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr
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Strategic & Top Management Administration Manager Salary 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 18 Dec 2024

Companies similar to ICICI Prudential Life Insurance for Administration Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Administration Manager Salary 1 - 8 years exp. (28 salaries)	₹2.2 L/yr - ₹4 L/yr 4% less
ICICI Lombard General Insurance Company Administration Manager Salary 4 - 15 years exp. (21 salaries)	₹4 L/yr - ₹9.4 L/yr 141% more	1 job opening
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Axis Max Life Insurance Administration Manager Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7 L/yr 48% more
Bajaj Allianz Life Insurance Administration Manager Salary 10 - 14 years exp. (7 salaries)	₹11.2 L/yr - ₹17.1 L/yr 425% more
HDFC Ergo General Insurance Administration Manager Salary 8 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹13.6 L/yr 153% more
Reliance Nippon Life Insurance Administration Manager Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹3 L/yr 36% less
Shriram Life Insurance Administration Manager Salary 0 - 14 years exp. (6 salaries)	₹2.2 L/yr - ₹6.4 L/yr 23% more
SBI Life Insurance Company Administration Manager Salary 11 - 15 years exp. (6 salaries)	₹8.2 L/yr - ₹12.1 L/yr 201% more
HDFC Life Administration Manager Salary 3 - 20 years exp. (6 salaries)	₹2 L/yr - ₹8.4 L/yr 45% more
Aditya Birla Sun Life Insurance Administration Manager Salary 2 - 14 years exp. (5 salaries)	₹3 L/yr - ₹13 L/yr 156% more
SBI General Insurance Administration Manager Salary 11 - 14 years exp. (4 salaries)	₹5.3 L/yr - ₹7.2 L/yr 95% more
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Life Insurance Corporation of India Administration Manager Salary 25 - 32 years exp. (4 salaries)	₹18.9 L/yr - ₹30 L/yr 550% more
Star Health & Allied Insurance Administration Manager Salary 8 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹6 L/yr 59% more

Administration Manager salary at ICICI Prudential Life Insurance ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 7 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Administration Manager salaries

Last Updated: 18 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
8 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
10 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
13 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
14 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
15+ years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Administration Officer Salary

(4 salaries)

₹1.8 L/yr - ₹3.2 L/yr

Operations Manager Salary

(43 salaries)

₹1.5 L/yr - ₹7.5 L/yr

Administration Assistant Salary

(7 salaries)

₹1.45 L/yr - ₹2.5 L/yr

Administration Executive Salary

(15 salaries)

₹1.45 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

System Administrator Salary

(5 salaries)

₹2 L/yr - ₹3.05 L/yr

Office Administrator Salary

(5 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Sales Coordinator Salary

(5 salaries)

₹0.6 L/yr - ₹2.45 L/yr

Computer Operator Salary

(3 salaries)

₹1.45 L/yr - ₹2.5 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for ICICI Prudential Life Insurance

5.0

Rated by 1 employees for salary & benefits

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

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 10 Jan 2025

3.0

for Salary and Benefits

Likes

Salary package.

Dislikes

There is not have any work life balance, specially in group claims ,manager is not cooperative, for a single day sick leave also they asked like why did you inform previously.saturdays are working for partial employees.Hr &Sr Management is not supportive for employees they are at side of only managers.Promotion criteria is not basis of performance but on favourtism basis....hr will not assure that your conversation will be confidential & but each information gave to senior rather than to help out employees get more torture from manager.

Skill development - Bad

+5 more

Agency Manager in Goa

Full Time

Marketing & Communication Department

5.0

• posted on 07 Jan 2025

3.0

for Salary and Benefits

Likes

...d job security, and offers valuable learning opportunities to enhance my skills. While the salary is on the lower side and growth feels slow, the stable environment and focus on employee development make it a worthwhile place to work.

Skill development - Excellent

+4 more

Dislikes

Low salary slow growth

Unit Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

...own brand so it's easy to deal with clients. 2nd competitively amazing products. 3rd salary payouts are always on time. 4th presure for growth is remarkably high.

Salary - Good

+1 more

Dislikes

1st Very High Sales Pressure!! 2nd incentives playmates are very delayed. 3rd less work-life balance, sometimes you have to attend meetings on Sunday & have meet client on weekends also. 4th you have to be lucky enough to get a supportive BM & RM. Otherwise you'll end up resigning with in 6-12 mouth. 5th if you have hard-core sales mindset & have good networking skills then you could stay at ipru & grow. Otherwise you'll get Frustrated very soon.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Administration Manager Salary FAQs

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

The average salary of a Administration Manager at ICICI Prudential Life Insurance in India typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 15 years).

The top 10% of Administration Manager at ICICI Prudential Life Insurance earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Administration 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 7 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Administration Manager at ICICI Prudential Life Insurance in India typically ranges from ₹21,707 to ₹23,195 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher 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 7 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 Administration Manager in India?

Life Insurance Corporation of India	₹18.9 Lakhs to ₹30.0 Lakhs per year
Bajaj Allianz Life Insurance	₹11.2 Lakhs to ₹17.1 Lakhs per year
SBI Life Insurance Company	₹8.2 Lakhs to ₹12.1 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance	₹3.2 Lakhs to ₹13.6 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 Administration Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Administration 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:

ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹9.4 Lakhs per year
SBI General Insurance	₹5.3 Lakhs to ₹7.2 Lakhs per year
Star Health & Allied Insurance	₹4.5 Lakhs to ₹6.0 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹7.0 Lakhs per year
HDFC Life	₹2.0 Lakhs to ₹8.4 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 Administration Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹2.4 Lakhs per year
1 year	₹2.0 Lakhs to ₹2.5 Lakhs per year
2 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Administration Manager Salaries

ICICI Prudential Life Insurance Administration Manager salary in India ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.