ICICI Prudential Life Insurance Business Associate Salaries by 70+ Employees (Updated 2025)

0 - 2 years exp.

₹10 Lakhs - ₹21 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

209% more than the average Business Associate Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Data Science & Analytics Business Associate Salary 0 - 2 years exp. (11 salaries)	₹12 L/yr - ₹19.5 L/yr
BFSI, Investments & Trading Business Associate Salary 0 - 2 years exp. (10 salaries)	₹11 L/yr - ₹21 L/yr
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Finance & Accounting Business Associate Salary 0 - 1 year exp. (6 salaries)	₹15 L/yr - ₹16 L/yr
Marketing & Communication Business Associate Salary 0 - 1 year exp. (6 salaries)	₹11 L/yr - ₹18.7 L/yr
Product Management Business Associate Salary 0 - 2 years exp. (5 salaries)	₹15 L/yr - ₹16.5 L/yr

Last Updated: 30 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Business Associate

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Business Associate Salary 0 - 12 years exp. (100 salaries)	₹1.6 L/yr - ₹9.3 L/yr 70% less	18 job openings
ICICI Lombard General Insurance Company Business Associate Salary 0 - 3 years exp. (5 salaries)	₹3.2 L/yr - ₹5.5 L/yr 73% less
Login to view exact salary
Axis Max Life Insurance Business Associate Salary 0 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 76% less
Swiss Re Business Associate Salary 4 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹8.1 L/yr 56% less
HDFC Life Business Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹8.5 L/yr 74% less
SBI Life Insurance Company Business Associate Salary 1 - 15 years exp. (3 salaries)	₹2 L/yr - ₹7 L/yr 83% less
Star Health & Allied Insurance Business Associate Salary 2 - 16 years exp. (3 salaries)	₹2 L/yr - ₹3.6 L/yr 81% less

Business Associate salary at ICICI Prudential Life Insurance ranges between ₹10 Lakhs to ₹21 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 79 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Business Associate

2d ago

₹15 Lakhs

5 months exp.

1w ago

₹15 Lakhs

5 months exp.

3w ago

₹17 Lakhs

6 months exp.

1mo ago

₹17 Lakhs

1 year exp.

1mo ago

₹15 Lakhs

8 months exp.

1mo ago

1 year exp.

2mo ago

1 year exp.

2mo ago

1 year exp.

2mo ago

5 months exp.

3mo ago

2 years exp.

Experience wise ICICI Prudential Life Insurance Business Associate salaries

Last Updated: 30 Mar 2025

Experience	Avg Annual Salary
Fresher (35 salaries)	₹11 L/yr - ₹17 L/yr
1 year (32 salaries)	₹10 L/yr - ₹21 L/yr
Login to view exact salary
2 years (12 salaries)	₹11 L/yr - ₹19.5 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

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(42 salaries)

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Senior Business Analyst Salary

(5 salaries)

₹8.5 L/yr - ₹14.5 L/yr

Research Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Analyst Salary

(4 salaries)

₹3.6 L/yr - ₹8.07 L/yr

Analyst Salary

(7 salaries)

₹3.57 L/yr - ₹13 L/yr

Team Lead Salary

(21 salaries)

₹1.5 L/yr - ₹6.3 L/yr

Project Manager Salary

(33 salaries)

₹2.8 L/yr - ₹11.62 L/yr

Senior Consultant Salary

(5 salaries)

₹3.5 L/yr - ₹5 L/yr

Data Analyst Salary

(13 salaries)

₹2.5 L/yr - ₹7.5 L/yr

Salary related reviews for ICICI Prudential Life Insurance

2.1

Rated by 4 employees for salary & benefits

Business Associate in New Delhi

Procurement & Supply Chain Department

5.0

• posted on 30 Jul 2020

5.0

for Salary and Benefits

Likes

This epidemic where all company try to shorted their employee and cut their salary ...here ICICI prudential proof great company always keep stand with employees ... No salary cut No lay off Bonuses Leaves Special covid benifits Etc etc etc❤️ Proud to be ipruian👍

Salary - Excellent

+6 more

Dislikes

I have spend almost 1 years with this company still hard to find any dislikes.

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 10 Jan 2025

3.0

for Salary and Benefits

Likes

Salary package.

Dislikes

There is not have any work life balance, specially in group claims ,manager is not cooperative, for a single day sick leave also they asked like why did you inform previously.saturdays are working for partial employees.Hr &Sr Management is not supportive for employees they are at side of only managers.Promotion criteria is not basis of performance but on favourtism basis....hr will not assure that your conversation will be confidential & but each information gave to senior rather than to help out employees get more torture from manager.

Skill development - Bad

+5 more

Team Lead in Indore

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.!!☺️

Salary - Excellent

+6 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.

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

Associate Consultant in New Delhi

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

Job security - Good

+1 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

see more salary related reviews

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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 Business Associate Salary FAQs

What is the salary of Business Associate at ICICI Prudential Life Insurance ?

The average salary of a Business Associate at ICICI Prudential Life Insurance in India typically ranges from ₹10.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Business Associate at ICICI Prudential Life Insurance earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹20.6 Lakhs per year. Business Associate 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 70+ ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Business Associate at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Business Associate at ICICI Prudential Life Insurance in India typically ranges from ₹1,06,412 to ₹1,09,340 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 70+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Business Associate in companies similar to ICICI Prudential Life Insurance in India?

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

Swiss Re	₹4.8 Lakhs to ₹8.1 Lakhs per year
Tata AIA Life Insurance	₹1.6 Lakhs to ₹9.3 Lakhs per year
ICICI Lombard General Insurance Company	₹3.2 Lakhs to ₹5.5 Lakhs per year
HDFC Life	₹2.3 Lakhs to ₹8.5 Lakhs per year
Axis Max Life Insurance	₹3.0 Lakhs to ₹4.5 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 Business Associate at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹11.0 Lakhs to ₹17.0 Lakhs per year
1 year	₹10.0 Lakhs to ₹21.0 Lakhs per year
2 years	₹11.0 Lakhs to ₹19.5 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Business Associate Salaries by Location

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ICICI Prudential Life Insurance Business Associate Salaries

ICICI Prudential Life Insurance Business Associate salary in India ranges between ₹10 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 79 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Business Associate salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Business Associate

Latest annual salaries shared by ICICI Prudential Life Insurance Business Associate

Experience wise ICICI Prudential Life Insurance Business Associate salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Business Associate in New Delhi

Senior Associate in Mumbai

Team Lead in Indore

Business Development Manager in Sambalpur

Associate Consultant in New Delhi

ICICI Prudential Life Insurance Business Associate Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Business Associate Salaries by Location