ICICI Prudential Life Insurance Mumbai Area Manager Salaries by 50+ Employees (Updated 2025)

1 - 17 years exp.

₹7 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Area Manager Salary in Insurance Companies for 1 - 17 years of experience

Interested in this particular role? 35 job openings

Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 2 - 17 years exp. (23 salaries)	₹7 L/yr - ₹12 L/yr
Sales & Business Development Area Manager Salary 3 - 14 years exp. (13 salaries)	₹7 L/yr - ₹11.4 L/yr
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Marketing & Communication Area Manager Salary 1 - 14 years exp. (6 salaries)	₹8 L/yr - ₹12 L/yr

Last Updated: 12 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Area Manager in Mumbai

ICICI Prudential Life Insurance Area Manager Salary

1 - 17 years exp. (50 salaries)

₹7 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Area Manager Salary 11 years exp. (32 salaries)	₹13.3 L/yr - ₹19 L/yr 48% more
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (31 salaries)	₹5.3 L/yr - ₹9 L/yr 29% less
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Axis Max Life Insurance Area Manager Salary 7 - 15 years exp. (28 salaries)	₹5 L/yr - ₹11 L/yr 27% less
Tata AIA Life Insurance Area Manager Salary 6 - 16 years exp. (24 salaries)	₹6 L/yr - ₹17.7 L/yr 36% more	1 job opening
SBI Life Insurance Company Area Manager Salary 6 - 17 years exp. (15 salaries)	₹7.5 L/yr - ₹14.2 L/yr At par
Bajaj Allianz Life Insurance Area Manager Salary 7 - 13 years exp. (12 salaries)	₹5 L/yr - ₹13 L/yr 1% less
ICICI Lombard General Insurance Company Area Manager Salary 8 - 14 years exp. (7 salaries)	₹6.8 L/yr - ₹18.5 L/yr 37% more
Reliance Nippon Life Insurance Area Manager Salary 11 - 17 years exp. (6 salaries)	₹11 L/yr - ₹17 L/yr 49% more

Area Manager salary at ICICI Prudential Life Insurance ranges between ₹7 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 50 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Area Manager in Mumbai

4w ago

₹7 Lakhs

4 years exp.

3mo ago

₹7.5 Lakhs

5 years exp.

3mo ago

₹11.1 Lakhs

14 years exp.

5mo ago

₹10 Lakhs

3 years exp.

5mo ago

₹9 Lakhs

1 year exp.

8mo ago

10 years exp.

9mo ago

2 years exp.

9mo ago

9 years exp.

10mo ago

11 years exp.

10mo ago

17 years exp.

Experience wise ICICI Prudential Life Insurance Area Manager salaries in Mumbai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
2 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
Login to view exact salary
3 years (5 salaries)	₹7.5 L/yr - ₹11.4 L/yr
4 years (7 salaries)	₹7 L/yr - ₹11 L/yr
5 years (6 salaries)	₹7.5 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
7 years (6 salaries)	₹7 L/yr - ₹10 L/yr
8 years (3 salaries)	₹7.8 L/yr - ₹10 L/yr
9 years (5 salaries)	₹7.8 L/yr - ₹11 L/yr
10 years (4 salaries)	₹8 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
14 years (5 salaries)	₹8.1 L/yr - ₹11.1 L/yr
15+ years (AmbitionBox Estimate)	₹9 L/yr - ₹11.4 L/yr

View all

From

Area Manager

₹

Lakhs/yr

1 - 17 years exp.

Regional Manager

₹

Lakhs/yr

15 - 22 years exp.

Area Manager

1 - 17 years exp.

Branch Manager

3 - 18 years exp.

25% hike

Associate Regional Manager

4 - 21 years exp.

59% hike

From

View 2 more levels

Area Manager

1 - 17 years exp.

Senior Manager

0 - 9 years exp.

From

View 2 more levels

Area Manager

1 - 17 years exp.

Chief Manager

9 - 22 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Prudential Life Insurance

Sales Manager Salary

(116 salaries)

₹3 L/yr - ₹10 L/yr

Branch Manager Salary

(46 salaries)

₹9.8 L/yr - ₹17.5 L/yr

Area Sales Manager Salary

(16 salaries)

₹6 L/yr - ₹14.5 L/yr

Regional Manager Salary

(14 salaries)

₹18 L/yr - ₹30 L/yr

Deputy Manager Salary

(9 salaries)

₹3.75 L/yr - ₹8 L/yr

Marketing Manager Salary

(6 salaries)

₹4.4 L/yr - ₹8.62 L/yr

Cluster Manager Salary

(5 salaries)

₹6.5 L/yr - ₹13.5 L/yr

Top skills at ICICI Prudential Life Insurance for Area Manager

Interpersonal Skills Relationship Management Compliance Revenue Generation Training Lead Generation Computer Networking Financial Due Diligence Sales Promotion Financial Services Business Process Management Sales Planning Direct Marketing Sales Team Handling

Salary related reviews for ICICI Prudential Life Insurance

3.7

Rated by 9 employees for salary & benefits

Area Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 21 Aug 2018

3.0

for Salary and Benefits

Likes

Good team and supportive culture, let's the new joinee have a ole time to settle down the new role.

Skill development - Good

+3 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very hight. Sometimes i have to work 14-18 hours a day as i have to attend Client Calls in the evenings and late night.

Work-life balance - Poor

Regional Manager in Kolkata

Full Time

Sales & Business Development Department

5.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Job security is good , company culture is also good but it depends on senior, overall company is good can work for long time , HR policy are good , high job security, multiple option and departments for work , IJP ALLOWED

Salary - Good

+6 more

Dislikes

Salary are poor, rating culture kills many many years for performer ..every year you have to get top rating and last top 2 rating are considered for promotion some time people are struggling for 4 to 5 year for promotion in mid management segment.

Area Sales Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Jul 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...relieving & fnf settlement was comunicted verbaly for whch I had ask in writing. But it was asured dt recovery amt ll nt vary & latr thy givn recovery of gross salary which is high. When I not worked then also they added hra, supplementary allowance, statutory bonus in my recovery amt. Firstly If i have not taken any benfits with organization then recovery is not calculated and If the recovery calculated then it is always calculated on monthly basic salary.Rest all are additional benefits given to the employee. But then also ipru charged me recovery of 2month gross salary. As I have to get my reliveing letter so i had paid the recovery. But now I am writing the complaint as I was charged too. Pls help me out for it.

Salary - Bad

+6 more

Sales Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Skill development Salary and benefits

Skill development - Good

+1 more

Dislikes

No dislikes but everything depends on the manager you report and the channel you get in this company. If your in partner handling channel . Your manager will give so much respect and importance to the partner but not you . He will not understand your problem .

Promotions - Poor

+1 more

Business Development Executive in Bangalore / Bengaluru

Marketing & Communication Department

1.0

• posted on 26 Apr 2022

1.0

for Salary and Benefits

Likes

...sive word. Never Suggest anyone to work here, specially for sales job profile. Pros: salary on time and job security

Job security - Good

Dislikes

Salary - Bad
Skill development - Bad

+4 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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ICICI Prudential Life Insurance Area Manager Salary FAQs

What is the salary of Area Manager at ICICI Prudential Life Insurance in Mumbai?

The average salary of a Area Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹7.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 17 years).

The top 10% of Area Manager in Mumbai at ICICI Prudential Life Insurance earn more than ₹11.2 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Area 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 50+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Area Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹71,346 to ₹73,184 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year to 17 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 50+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at ICICI Prudential Life Insurance in Mumbai?

To be a Area Manager at ICICI Prudential Life Insurance in Mumbai, the key skills required include:

- Interpersonal Skills
- Relationship Management
- Compliance
- Revenue Generation
- Training

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.

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

Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
HDFC Life	₹13.3 Lakhs to ₹19.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.8 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹14.2 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 Area Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?

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

Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance	₹5.0 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.3 Lakhs to ₹9.0 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 Area Manager at ICICI Prudential Life Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹8.8 Lakhs to ₹11.2 Lakhs per year
2 years	₹8.8 Lakhs to ₹11.3 Lakhs per year
3 years	₹7.5 Lakhs to ₹11.4 Lakhs per year
4 years	₹7.0 Lakhs to ₹11.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Area Manager Salaries in Mumbai

ICICI Prudential Life Insurance Area Manager salary in Mumbai ranges between ₹7 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 50 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Area Manager salaries in Mumbai (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Area Manager in Mumbai

Latest annual salaries shared by ICICI Prudential Life Insurance Area Manager in Mumbai

Experience wise ICICI Prudential Life Insurance Area Manager salaries in Mumbai

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Area Manager

Salary related reviews for ICICI Prudential Life Insurance

Area Manager in Mumbai

Regional Manager in Kolkata

Area Sales Manager in Indore

Sales Manager in Hyderabad / Secunderabad

Business Development Executive in Bangalore / Bengaluru

ICICI Prudential Life Insurance Area Manager Salary FAQs

Tell us how to improve this page.