ICICI Prudential Life Insurance Mumbai Bancassurance Manager Salaries by 4 Employees

0 - 9 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% less than the average Bancassurance Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Bancassurance Manager Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.6 L/yr
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Sales & Business Development Bancassurance Manager Salary 9 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.5 L/yr

Last Updated: 4 Jan 2024

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

ICICI Prudential Life Insurance Bancassurance Manager Salary

0 - 9 years exp. (4 salaries)

₹4 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Bancassurance Manager Salary 0 - 12 years exp. (140 salaries)	₹3.3 L/yr - ₹7 L/yr 10% more	4 job openings
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 10 years exp. (12 salaries)	₹3.5 L/yr - ₹7.5 L/yr 11% more
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HDFC Ergo General Insurance Bancassurance Manager Salary 8 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹9.5 L/yr 74% more
Magma HDI General Insurance Bancassurance Manager Salary 6 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 16% more
Yes Bank Bancassurance Manager Salary 3 - 5 years exp. (3 salaries)	₹5.5 L/yr - ₹6 L/yr 9% more

Bancassurance Manager salary at ICICI Prudential Life Insurance ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Bancassurance Manager salaries in Mumbai

Last Updated: 4 Jan 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
1 year (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.1 L/yr
7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr

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From

Bancassurance Manager

0 - 10 years exp.

State Manager

2 - 24 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.

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Deputy Manager Salary

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Assistant Sales Manager Salary

(4 salaries)

₹4 L/yr - ₹4.9 L/yr

Salary related reviews for ICICI Prudential Life Insurance

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

Relationship Manager in Saharsa

Customer Success, Service & Operations Department

5.0

• posted on 12 Aug 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling.company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Sales Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 15 Jul 2021

5.0

for Salary and Benefits

Likes

Digital process , Good work environment and culture, teammates are supportive and the management is transparent.

Salary - Excellent

+6 more

Dislikes

Low salary compare to others company in same industry,now a days there is a lot of politics

Relationship Manager in Mumbai

Marketing & Communication Department

1.0

• posted on 26 Mar 2021

2.0

for Salary and Benefits

Likes

- Allowances are good. - Salary comes on time.

Job security - Good

Dislikes

There is absolutely no work life balance here. The boss / super boss everyone speaks in a very demotivating and degrading tone. It is very abusive and toxic. Unrealistic expectations and extremely abusive culture

Salary - Poor

+4 more

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

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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 Bancassurance Manager Salary FAQs

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

The average salary of a Bancassurance Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹4.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Bancassurance Manager in Mumbai at ICICI Prudential Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Bancassurance 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 4 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Bancassurance Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹38,977 to ₹40,158 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 9 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 4 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 Bancassurance Manager in India?

HDFC Ergo General Insurance	₹8.5 Lakhs to ₹9.5 Lakhs per year
Magma HDI General Insurance	₹4.5 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance	₹3.5 Lakhs to ₹7.5 Lakhs per year
HDFC Life	₹3.3 Lakhs to ₹7.0 Lakhs per year
Yes Bank	₹5.5 Lakhs to ₹6.0 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.

How the salary growth look like for a Bancassurance Manager at ICICI Prudential Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹4.2 Lakhs to ₹5.4 Lakhs per year
1 year	₹4.3 Lakhs to ₹5.5 Lakhs per year
2 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
3 years	₹4.5 Lakhs to ₹5.7 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Bancassurance Manager Salaries in Mumbai

ICICI Prudential Life Insurance Bancassurance Manager salary in Mumbai ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Bancassurance Manager salaries in Mumbai

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

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

Experience wise ICICI Prudential Life Insurance Bancassurance Manager salaries in Mumbai

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Sales Manager in Hyderabad / Secunderabad

Relationship Manager in Saharsa

Sales Manager in Kolkata

Relationship Manager in Mumbai

Business Development Manager in Sambalpur

ICICI Prudential Life Insurance Bancassurance Manager Salary FAQs

Tell us how to improve this page.