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ICICI Prudential Life Insurance Branch Manager salaries in India (Updated 2025)

Annual salary range
3 - 18 years exp.
₹6.3 Lakhs - ₹18.8 Lakhs
Salary of majority employees
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32% more than the average Branch Manager Salary in Insurance Companies for 3 - 18 years of experience

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Salaries in different departments

Sales & Business Development
Branch Manager Salary
3 - 18 years exp. (129 salaries)
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₹6.3 L/yr - ₹18.8 L/yr

BFSI, Investments & Trading
Branch Manager Salary
3 - 17 years exp. (88 salaries)
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₹6 L/yr - ₹16.3 L/yr

Marketing & Communication
Branch Manager Salary
4 - 16 years exp. (14 salaries)
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₹7.5 L/yr - ₹17 L/yr

Customer Success, Service & Operations
Branch Manager Salary
5 - 16 years exp. (13 salaries)
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₹4.5 L/yr - ₹15.4 L/yr

Last Updated: 4 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Branch Manager Salary

6 - 18 years exp. (270 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 22% less
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (167 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 13% less
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Axis Max Life Insurance Branch Manager Salary

8 - 19 years exp. (139 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 15% less
3 job openings
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₹4.5 L/yr - ₹13.5 L/yr

arrow icon 26% less
2 job openings
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₹4.5 L/yr - ₹13.5 L/yr

arrow icon 28% less
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Tata AIA Life Insurance Branch Manager Salary

9 - 20 years exp. (158 salaries)

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₹5 L/yr - ₹16.2 L/yr

At par
18 job openings
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₹3.8 L/yr - ₹11.5 L/yr

arrow icon 38% less
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₹7 L/yr - ₹15 L/yr

arrow icon 16% less
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PNB MetLife Branch Manager Salary

8 - 20 years exp. (47 salaries)

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₹6.6 L/yr - ₹12.8 L/yr

arrow icon 20% less
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₹4.5 L/yr - ₹13 L/yr

arrow icon 26% less
3 job openings
Logo
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₹4.7 L/yr - ₹14.5 L/yr

arrow icon 26% less
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₹4.5 L/yr - ₹11.3 L/yr

arrow icon 28% less
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₹4 L/yr - ₹11.7 L/yr

arrow icon 36% less
1 job opening
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Shriram Life Insurance Branch Manager Salary

5 - 16 years exp. (86 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 53% less
2 job openings
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₹15.3 L/yr - ₹28 L/yr

arrow icon 40% more
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₹10 L/yr - ₹18.5 L/yr

arrow icon 30% more
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SBI General Insurance Branch Manager Salary

7 - 12 years exp. (7 salaries)

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₹6.5 L/yr - ₹10.5 L/yr

arrow icon 35% less
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₹9 L/yr - ₹20 L/yr

arrow icon 29% more
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₹6.5 L/yr - ₹8.3 L/yr

arrow icon 40% less
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₹11.2 L/yr - ₹12.9 L/yr

arrow icon 6% more

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Branch Manager salary at ICICI Prudential Life Insurance ranges between ₹6.3 Lakhs to ₹18.8 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 311 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Branch Manager

2d ago
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13 years exp.
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18 years exp.
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10 years exp.
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13 years exp.
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11 years exp.
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Experience wise ICICI Prudential Life Insurance Branch Manager salaries

Last Updated: 4 Mar 2025

Experience Avg Annual Salary
3 years  (19 salaries)

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₹10 L/yr - ₹16 L/yr
4 years  (17 salaries)

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₹7.3 L/yr - ₹17 L/yr
5 years  (25 salaries)

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₹7.7 L/yr - ₹17 L/yr
6 years  (11 salaries)

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₹7.5 L/yr - ₹16.8 L/yr
7 years  (13 salaries)

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₹7.3 L/yr - ₹18 L/yr
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ICICI Prudential Life Insurance Branch Manager Salary and Career Growth

From

To

Branch Manager

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3 - 18 years exp.

Chief Manager

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7 - 22 years exp.

Branch Manager 3 - 18 years exp.
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Associate Regional Manager 4 - 21 years exp.
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arrow icon 60% hike
    Chief Manager 7 - 22 years exp.
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    arrow icon 38% hike

    From

    1 more level

    To

    Branch Manager

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    3 - 18 years exp.

    Regional Manager

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    16 - 22 years exp.

    View 1 more career path

    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

    Area Manager Salary
    (373 salaries)
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    ₹5.8 L/yr - ₹12.78 L/yr
    Credit Manager Salary
    (3 salaries)
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    Sales Manager Salary
    (942 salaries)
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    Branch Incharge Salary
    (25 salaries)
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    ₹3 L/yr - ₹6 L/yr
    Branch Head Salary
    (38 salaries)
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    ₹5.55 L/yr - ₹15.5 L/yr
    Deputy Manager Salary
    (53 salaries)
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    ₹2.25 L/yr - ₹8 L/yr
    Chief Manager Salary
    (72 salaries)
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    ₹14.5 L/yr - ₹40 L/yr
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    ₹4.75 L/yr - ₹11.75 L/yr
    unlock blur Lock Unlock
    ₹10 L/yr - ₹16 L/yr
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    ₹2.85 L/yr - ₹6 L/yr

    Top skills at ICICI Prudential Life Insurance for Branch Manager

    Life Insurance Business Development Sales Branch Handling agency Branch Management Agency Management agency development Agent Recruitment Agency Channel Tied Channel New Business Development Key Account Management Interpersonal Skills Distribution
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    Salary related reviews for ICICI Prudential Life Insurance

    4.3

    Rated by 116 employees for salary & benefits

    Sales & Business Development Department

    5.0
      •  posted on 19 Aug 2018

    2.0
     for  Salary and Benefits

    Likes

    I would like to take privilage in thanking ICICI Prudential, my bosses and team for the person who I'm today. From a Sales person to marketing person the journey was little tough but it's still a memorable ride which gave lot of opportunity to test my creativity. It believed in my potential and added a bigger responsibility to my shoulder which gave additional power to carry it to next level. It was a day to be remembered. We made a gold mine which is glorifying now.

    read more
    • Skill development - Excellent
    • +5 more

    Dislikes

    Salary and Level split. It took me 2 years for reaching to this position but it will take still 8 more years in Ipru for reaching the Level where a normal IIM cat college person is hired and paid. People with passion and potential equal to IIMs are recoganized for the smart work and hard work and extracted work more than what an IIM does but failed to provide a proper pay. HR policy and management need to take a look at it. Instead of placing 3 SMs they can pay 2 SMs or 1 SM who is working well and good - who will take added responsibility and work but they fail to understand this common logic and keep cost cutting with own employees, they know they will get people for less wage - so instead of paying 2 person, they can pay 10 persons. Still old managers following old strategies and not lending ears to follow new strategies. SUPER BOSSES are cool - they mindshare is what required all people at mid level management who came to the position only because of staying in same company for 13 years needs to be eliminated and AVP level people should bring in young and dynamic persons as managers to work under them into play.

    read more
    • Salary - Poor

    Full Time

     · 

    BFSI, Investments & Trading Department

    3.0
      •  posted on 21 Aug 2024

    1.0
     for  Salary and Benefits

    Likes

    Company develop people by learning and valuable skills. Customer first, best product's with features.

    • Skill development - Good
    • +1 more

    Dislikes

    ... 18 years of my life to the company , doesn’t recognise handwork and commitment.New hires from outside the company are brought in at higher salary's. That kind of thing unvalued and disheartened.

    read more
    • Salary - Bad
    • +3 more

    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.

    read more
    • Salary - Bad
    • +6 more

    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 .

    read more
    • Promotions - Poor
    • +1 more

    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.

    read more
    • Salary - Excellent
    • +6 more
    see more salary related reviews

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    ICICI Prudential Life Insurance Branch Manager Salary FAQs

    What is the salary of Branch Manager at ICICI Prudential Life Insurance?
    Branch Manager salary at ICICI Prudential Life Insurance in India ranges between ₹6.3 Lakhs to ₹18.8 Lakhs for experience between 3 years to 18 years. According to our estimates it is 32% more than the average Branch Manager Salary in India. Salary estimates are based on 311 latest salaries received from various employees of ICICI Prudential Life Insurance India.
    How does the salary of a Branch Manager at ICICI Prudential Life Insurance India compare with the average salary range for this job?
    The average salary of a Branch Manager at ICICI Prudential Life Insurance is 32% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
    What are the top skills required to work as a Branch Manager at ICICI Prudential Life Insurance?
    Life Insurance, Business Development, Sales, Branch Handling and agency are some of the popular skills required to work as a Branch Manager at ICICI Prudential Life Insurance India.
    Which similar companies are paying more than ICICI Prudential Life Insurance to a Branch Manager in India?
    • Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
    • The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
    • United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
    • The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
    What is the salary of a Branch Manager in companies similar to ICICI Prudential Life Insurance in India?
    • Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹16.2 Lakhs per year
    • SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
    • Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
    • Aviva Life Insurance India Branch Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
    • PNB MetLife Branch Manager Salary - ₹6.6 Lakhs to ₹12.8 Lakhs per year
    What is the estimated take home salary of a Branch Manager at ICICI Prudential Life Insurance in India?
    The estimated take-home salary of a Branch Manager at ICICI Prudential Life Insurance ranges between ₹86,240 per month to ₹88,500 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Branch Manager salary in India which ranges between ₹6.3 Lakhs to ₹18.8 Lakhs per year for employees with experience between 3 years to 18 years. Check how did we calculate take home salary?
    What is the notice period for Branch Manager at ICICI Prudential Life Insurance?
    According to AmbitionBox, 47% of the ICICI Prudential Life Insurance Branch Managers reported a notice period of 2 Months, 40% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 342 responses on AmbitionBox in last 2 years.

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    ICICI Prudential Life Insurance Branch Manager salary in India ranges between ₹6.3 Lakhs to ₹18.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 311 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.