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ICICI Prudential Life Insurance Associate Underwriter salaries in India

Annual salary range
2 - 4 years exp.
₹3 Lakhs - ₹3.7 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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33% less than the average Associate Underwriter Salary in Insurance Companies for 2 - 4 years of experience

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Last Updated: 31 May 2023

Companies similar to ICICI Prudential Life Insurance for Associate Underwriter

Company name Avg Annual Salary Open Jobs
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HDFC Life Associate Underwriter Salary

1 - 4 years exp. (11 salaries)

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₹1.6 L/yr - ₹2.6 L/yr

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Gallagher Associate Underwriter Salary

0 - 2 years exp. (4 salaries)

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₹2.3 L/yr - ₹16 L/yr

arrow icon 177% more
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Mphasis Associate Underwriter Salary

0 - 5 years exp. (18 salaries)

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₹3.3 L/yr - ₹3.6 L/yr

arrow icon 2% more
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Atradius Associate Underwriter Salary

2 - 8 years exp. (7 salaries)

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₹8 L/yr - ₹11 L/yr

arrow icon 182% more
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₹8 L/yr - ₹9.3 L/yr

arrow icon 157% more
Associate Underwriter salary at ICICI Prudential Life Insurance ranges between ₹3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Associate Underwriter

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4 years exp.
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3 years exp.
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Experience wise ICICI Prudential Life Insurance Associate Underwriter salaries

Last Updated: 31 May 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

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₹3.2 L/yr - ₹7.2 L/yr
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₹1.2 L/yr - ₹4.2 L/yr
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₹21.1 L/yr - ₹40 L/yr
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₹2 L/yr - ₹3.5 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Credit Analyst Salary
(AmbitionBox Estimate)
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₹6.2 L/yr - ₹7.9 L/yr
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₹2.4 L/yr - ₹3.8 L/yr
Credit Manager Salary
(3 salaries)
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₹2.6 L/yr - ₹8 L/yr
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₹4.2 L/yr - ₹9.6 L/yr
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₹2.5 L/yr - ₹5.98 L/yr

Salary related reviews for ICICI Prudential Life Insurance

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 08 Feb 2023

1.0
 for  Salary and Benefits

Likes

Salary is decent, but lesser than offered by MNCs and Startups. Good support for freshers.

read more

Dislikes

Management Trainee profile is highly sales oriented, nothing else. You'll be made to travel on a bike, visit multiple people on a daily basis and sell insurance products. The company will promise, but never gives any food/ travel/ fuel reimbursements. The IT infrastructure is pathetic. Laptops given to employee hang a lot and are difficult to work on. The colleagues and peers are average. You would rarely come across people from good management institutes working here. There is no "Real skill" development other than communication skill. The company will train you but only to sell products, nothing else. Work life balance is pathetic, and we're often asked to work on weekends. Leaves are rarely approved. The work culture is aggressive, and manager shout and abuse their subordinates. The HR will not help you either, but only support the manager. The attrition rate is very high among the Front line staff/Business Trainee/ Management Trainee. Almost 70% people leave within 1 year and switch to MNCs/ Startups for better work culture, pay and respect. Everyday it feels like the company is going through a financial crisis. They lack money to maintain basic office infrastructure and spend on employee welfare. No Diwali gifts or office lunches. The company is losing market share to HDFC Life. Except for Term Insurance, all other products are a SCAM. It's not ethical to work here. Sooner or later customer will abuse you for misleading and fraud. Avoid ICICI Prudential. Don't ruin your career.

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Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 19 Jan 2023

1.0
 for  Salary and Benefits

Likes

Job security, Support for freshers

Dislikes

Low salary, Low increment, Minimal learning, Highly sales oriented job, Abusive managers, Pressure, 6 days a week working, No gifts, No reimbursement, High degree of misselling of products to achieve sales target

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Engineering - Software & QA Department

5.0
  •  posted on 06 Sep 2019

5.0
 for  Salary and Benefits

Likes

I love the fact that i’m a part of a team that reliable l, high-quality products and has a global client base. As a result i get to interact with high profile people, celebrity and many more thinks to learn Another plus point is that my colleagues and Leadership Team is very much supportive & we work happily in collaboration.!!☺️

read more

Dislikes

...gative wives so sometime we have to work more than shift timing but it’s okay becouse if we will spend more hours will get more salary.

read more

direct marketing Department

4.0
  •  posted on 08 Aug 2017

4.0
 for  Salary and Benefits

Likes

management of pru exlance nd wonderfully they motivate you extra bonus with salary permotion good for cureer it is a brand and 1 no in insurancec company market

read more

Dislikes

they never look effort they only see number of business and very stricktly abt it.so it was very rood nd pressurised by company nd your senior manager never help even you hav good lead . if you work with pru you hav to consertrain on you work nver listen just work on you lead achive you target so naver depend on other .

read more

Bancaasurance Department

3.0
  •  posted on 05 Apr 2019

3.0
 for  Salary and Benefits

Likes

icici is itself a brand and it has its own value the best thing about icici that the customer satisfaction is the best one and the products services or any issue regarding anything can be solved easily

read more

Dislikes

Not satisfactory compensation and the career growth is very slow because insurance is a prosuct that 90% people dnt understand or dnt buy or miss guided by their friends and the last one thing is leaves are given very few

read more
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ICICI Prudential Life Insurance Associate Underwriter Salary FAQs

What is the salary of Associate Underwriter at ICICI Prudential Life Insurance?
Associate Underwriter salary at ICICI Prudential Life Insurance in India ranges between ₹3.0 Lakhs to ₹3.7 Lakhs for experience between 2 years to 4 years. According to our estimates it is 33% less than the average Associate Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance India.
How does the salary of a Associate Underwriter at ICICI Prudential Life Insurance India compare with the average salary range for this job?
The average salary of a Associate Underwriter at ICICI Prudential Life Insurance is 33% less than the average salary of a Associate Underwriter in India. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Associate Underwriter in India?
  • Atradius Associate Underwriter Salary - ₹8.0 Lakhs to ₹11.0 Lakhs per year
  • Gallagher Associate Underwriter Salary - ₹2.3 Lakhs to ₹16.0 Lakhs per year
  • Biz 2 Credit Info Services Associate Underwriter Salary - ₹8.0 Lakhs to ₹9.3 Lakhs per year
  • Mphasis Associate Underwriter Salary - ₹3.3 Lakhs to ₹3.6 Lakhs per year
What is the salary of a Associate Underwriter in companies similar to ICICI Prudential Life Insurance in India?
  • HDFC Life Associate Underwriter Salary - ₹1.6 Lakhs to ₹2.6 Lakhs per year
What is the estimated take home salary of a Associate Underwriter at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Associate Underwriter at ICICI Prudential Life Insurance ranges between ₹24,008 per month to ₹25,462 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Associate Underwriter salary in India which ranges between ₹3.0 Lakhs to ₹3.7 Lakhs per year for employees with experience between 2 years to 4 years. Check how did we calculate take home salary?
What is the notice period for Associate Underwriter at ICICI Prudential Life Insurance?
According to AmbitionBox, 100% of the ICICI Prudential Life Insurance Associate Underwriters reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Associate Underwriter salary in India ranges between ₹3 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.