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

Annual salary range
3 - 18 years exp.
₹9.8 Lakhs - ₹17.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% 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. (21 salaries)
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₹10.5 L/yr - ₹17.5 L/yr

BFSI, Investments & Trading
Branch Manager Salary
5 - 17 years exp. (20 salaries)
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₹9.8 L/yr - ₹16.3 L/yr

Customer Success, Service & Operations
Branch Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹11.8 L/yr - ₹15.4 L/yr

Last Updated: 8 Mar 2025

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

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ICICI Prudential Life Insurance Branch Manager Salary

3 - 18 years exp. (46 salaries)

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₹9.8 L/yr - ₹17.5 L/yr

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

6 - 16 years exp. (31 salaries)

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₹5.5 L/yr - ₹12.5 L/yr

arrow icon 31% less
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₹6 L/yr - ₹11 L/yr

arrow icon 31% less
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Tata AIA Life Insurance Branch Manager Salary

7 - 19 years exp. (17 salaries)

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₹8 L/yr - ₹17.3 L/yr

arrow icon 4% less
13 job openings
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Axis Max Life Insurance Branch Manager Salary

9 - 18 years exp. (12 salaries)

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₹7.3 L/yr - ₹12.5 L/yr

arrow icon 23% less
1 job opening
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₹6.5 L/yr - ₹10.2 L/yr

arrow icon 34% less
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₹5.1 L/yr - ₹11 L/yr

arrow icon 39% less
17 job openings
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₹6 L/yr - ₹10.5 L/yr

arrow icon 30% less
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₹6 L/yr - ₹12 L/yr

arrow icon 32% less
4 job openings
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₹8 L/yr - ₹12.3 L/yr

arrow icon 14% less
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₹8.5 L/yr - ₹11 L/yr

arrow icon 27% less
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PNB MetLife Branch Manager Salary

12 - 18 years exp. (3 salaries)

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₹10 L/yr - ₹12.5 L/yr

arrow icon 20% less
Branch Manager salary at ICICI Prudential Life Insurance ranges between ₹9.8 Lakhs to ₹17.5 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 46 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

4w ago
₹17.5 Lakhs
9 years exp.
1mo ago
₹14 Lakhs
16 years exp.
1mo ago
₹17 Lakhs
9 years exp.
2mo ago
₹13.5 Lakhs
13 years exp.
2mo ago
₹13 Lakhs
13 years exp.
2mo ago
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11 years exp.
3mo ago
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13 years exp.
3mo ago
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15 years exp.
4mo ago
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11 years exp.
6mo ago
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16 years exp.

Experience wise ICICI Prudential Life Insurance Branch Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹11.6 L/yr - ₹14.9 L/yr
4 years (AmbitionBox Estimate)

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₹11.5 L/yr - ₹14.6 L/yr
5 years  (5 salaries)

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₹5 L/yr - ₹14.5 L/yr
6 years (AmbitionBox Estimate)

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₹11.2 L/yr - ₹14.4 L/yr
7 years (AmbitionBox Estimate)

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₹11.2 L/yr - ₹14.3 L/yr
View all
ICICI Prudential Life Insurance Branch Manager Salary and Career Growth

From

To

Branch Manager

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3 - 18 years exp.

Regional Manager

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15 - 22 years exp.

Branch Manager 3 - 18 years exp.
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arrow icon 59% hike
    Regional Manager 15 - 22 years exp.
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    arrow icon 24% hike

    From

    To

    Branch Manager

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    3 - 18 years exp.

    Senior Manager

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    0 - 9 years exp.

    From

    To

    Branch Manager

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    3 - 18 years exp.

    Chief Manager

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    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)
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    ₹3 L/yr - ₹10 L/yr
    Chief Manager Salary
    (56 salaries)
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    ₹14.5 L/yr - ₹40 L/yr
    Area Manager Salary
    (50 salaries)
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    ₹7 L/yr - ₹12 L/yr
    Deputy Manager Salary
    (9 salaries)
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    ₹3.75 L/yr - ₹8 L/yr
    Branch Head Salary
    (7 salaries)
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    ₹11.6 L/yr - ₹15.46 L/yr
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    ₹3.35 L/yr - ₹4.11 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

    Salary related reviews for ICICI Prudential Life Insurance

    4.3

    Rated by 5 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

    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

    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

    read 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 in Mumbai?
    The average salary of a Branch Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹9.8 Lakhs to ₹17.5 Lakhs per year, depending on experience (from 3 years to 18 years).

    The top 10% of Branch Manager in Mumbai at ICICI Prudential Life Insurance earn more than ₹15.3 Lakhs per year, and the top 1% earn over ₹17.5 Lakhs per year. Branch 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 40+ ICICI Prudential Life Insurance employees in India.
    What is the estimated take home salary of a Branch Manager at ICICI Prudential Life Insurance in Mumbai?
    The estimated take-home salary of a Branch Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹93,114 to ₹95,613 per month. This is based on the average salary range of ₹9.8 Lakhs to ₹17.5 Lakhs per year for employees with experience ranging from 3 years to 18 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 40+ 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 Branch Manager at ICICI Prudential Life Insurance in Mumbai?
    To be a Branch Manager at ICICI Prudential Life Insurance in Mumbai, the key skills required include:

    • - Life Insurance
    • - Business Development
    • - Sales
    • - Branch Handling
    • - agency

    These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.
    What is the salary of a Branch Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?
    The salary of a Branch 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:

    Tata AIA Life Insurance ₹8.0 Lakhs to ₹17.3 Lakhs per year
    SBI Life Insurance Company ₹8.0 Lakhs to ₹12.3 Lakhs per year
    PNB MetLife ₹10.0 Lakhs to ₹12.5 Lakhs per year
    Axis Max Life Insurance ₹7.3 Lakhs to ₹12.5 Lakhs per year
    Aditya Birla Sun Life Insurance ₹8.5 Lakhs to ₹11.0 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 Branch Manager at ICICI Prudential Life Insurance in Mumbai?
    The salary growth for a Branch Manager at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

    Experience Average Salary Range
    3 years ₹11.6 Lakhs to ₹14.9 Lakhs per year
    4 years ₹11.5 Lakhs to ₹14.6 Lakhs per year
    5 years ₹5.0 Lakhs to ₹14.5 Lakhs per year
    6 years ₹11.2 Lakhs to ₹14.4 Lakhs per year
    and so on.

    Tell us how to improve this page.

    ICICI Prudential Life Insurance Branch Manager salary in Mumbai ranges between ₹9.8 Lakhs to ₹17.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 46 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.