ICICI Prudential Life Insurance Business Manager Salaries by 8 Employees

0 - 6 years exp.

₹3.1 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

66% less than the average Business Manager Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Business Manager Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
Login to view exact salary
Marketing & Communication Business Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr

Last Updated: 13 Sep 2024

Companies similar to ICICI Prudential Life Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (64 salaries)	₹3 L/yr - ₹5 L/yr 2% more	1 job opening
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (21 salaries)	₹5.6 L/yr - ₹11 L/yr 117% more
Login to view exact salary
SBI Life Insurance Company Business Manager Salary 5 - 12 years exp. (16 salaries)	₹5.1 L/yr - ₹7.3 L/yr 77% more
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 35% more
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 20% more
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 52% more
Bajaj Allianz Life Insurance Business Manager Salary 3 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 21% more
Axis Max Life Insurance Business Manager Salary 5 - 12 years exp. (5 salaries)	₹3.1 L/yr - ₹9.5 L/yr 43% more
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	₹4 L/yr - ₹15.1 L/yr 132% more
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹5.8 L/yr 32% less
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 110% more
Login to view exact salary
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 31% more
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 156% more

Business Manager salary at ICICI Prudential Life Insurance ranges between ₹3.1 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 8 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Business Manager salaries

Last Updated: 13 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.6 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.6 L/yr
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.9 L/yr

View all

From

Business Manager

0 - 6 years exp.

Chief Business Manager

Salary unavailable

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 Business Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Branch Manager Salary

(421 salaries)

₹6.5 L/yr - ₹18.75 L/yr

Sales Manager Salary

(958 salaries)

₹2.5 L/yr - ₹11 L/yr

Regional Manager Salary

(93 salaries)

₹12.3 L/yr - ₹36 L/yr

Store Manager Salary

(3 salaries)

₹3 L/yr - ₹11 L/yr

Area Manager Salary

(376 salaries)

₹5.8 L/yr - ₹13.2 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

Territory Manager Salary

(4 salaries)

₹5.5 L/yr - ₹6.2 L/yr

Area Sales Manager Salary

(133 salaries)

₹4.74 L/yr - ₹16.2 L/yr

Marketing Manager Salary

(6 salaries)

₹4.4 L/yr - ₹8.26 L/yr

Salary related reviews for ICICI Prudential Life Insurance

2.9

Rated by 4 employees for salary & benefits

Regional Manager in Kolkata

Full Time

Sales & Business Development Department

5.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Job security is good , company culture is also good but it depends on senior, overall company is good can work for long time , HR policy are good , high job security, multiple option and departments for work , IJP ALLOWED

Salary - Good

+6 more

Dislikes

Salary are poor, rating culture kills many many years for performer ..every year you have to get top rating and last top 2 rating are considered for promotion some time people are struggling for 4 to 5 year for promotion in mid management segment.

Area Sales Manager in Indore

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.

Salary - Bad

+6 more

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

Business Development Executive in Bangalore / Bengaluru

Marketing & Communication Department

1.0

• posted on 26 Apr 2022

1.0

for Salary and Benefits

Likes

...sive word. Never Suggest anyone to work here, specially for sales job profile. Pros: salary on time and job security

Job security - Good

Dislikes

Salary - Bad
Skill development - Bad

+4 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about ICICI Prudential Life Insurance?

Ask anonymously on communities.

ICICI Prudential Life Insurance Business Manager Salary FAQs

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

The average salary of a Business Manager at ICICI Prudential Life Insurance in India typically ranges from ₹3.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Manager at ICICI Prudential Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business 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 8 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Business Manager at ICICI Prudential Life Insurance in India typically ranges from ₹27,665 to ₹29,063 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 8 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 Business Manager in India?

HDFC Ergo General Insurance	₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company	₹5.1 Lakhs to ₹7.3 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.

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

The salary of a Business Manager 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:

PNB MetLife	₹3.5 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹5.2 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 Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.1 Lakhs to ₹4.0 Lakhs per year
1 year	₹3.1 Lakhs to ₹6.6 Lakhs per year
2 years	₹3.1 Lakhs to ₹6.6 Lakhs per year
3 years	₹1.5 Lakhs to ₹4.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
ICICI Prudential Life Insurance Salaries >
ICICI Prudential Life Insurance Business Manager Salaries

ICICI Prudential Life Insurance Business Manager salary in India ranges between ₹3.1 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.