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ICICI Prudential Life Insurance Claims Manager salaries in India

Annual salary range
4 - 16 years exp.
₹7.8 Lakhs - ₹10 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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44% more than the average Claims Manager Salary in Insurance Companies for 4 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Claims Manager Salary
15 - 16 years exp. (AmbitionBox Estimate)
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₹8.1 L/yr - ₹8.3 L/yr

Customer Success, Service & Operations
Claims Manager Salary
14 years exp. (AmbitionBox Estimate)
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₹7.8 L/yr - ₹10 L/yr

Last Updated: 9 Jun 2024

Companies similar to ICICI Prudential Life Insurance for Claims Manager

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

5 - 17 years exp. (6 salaries)

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₹7 L/yr - ₹14.4 L/yr

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₹12.5 L/yr - ₹15.5 L/yr

arrow icon 73% more
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₹7 L/yr - ₹8.9 L/yr

At par
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₹11.5 L/yr - ₹13.1 L/yr

arrow icon 54% more
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Tata AIA Life Insurance Claims Manager Salary

5 - 17 years exp. (4 salaries)

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₹8.6 L/yr - ₹12 L/yr

arrow icon 31% more
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₹6 L/yr - ₹7 L/yr

arrow icon 22% less
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Care Health Insurance Claims Manager Salary

0 - 9 years exp. (338 salaries)

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₹1.9 L/yr - ₹7.8 L/yr

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1 job opening
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₹2.7 L/yr - ₹8 L/yr

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₹3.5 L/yr - ₹12.5 L/yr

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₹3 L/yr - ₹9 L/yr

arrow icon 31% less
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SBI General Insurance Claims Manager Salary

4 - 18 years exp. (9 salaries)

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₹4.6 L/yr - ₹15 L/yr

arrow icon 4% more
2 job openings
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₹4.1 L/yr - ₹7 L/yr

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₹5 L/yr - ₹18 L/yr

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₹7 L/yr - ₹10 L/yr

arrow icon 9% more
Claims Manager salary at ICICI Prudential Life Insurance ranges between ₹7.8 Lakhs to ₹10 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Claims Manager

6mo ago
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14 years exp.
1y ago
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16 years exp.
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14 years exp.
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15 years exp.
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4 years exp.

Experience wise ICICI Prudential Life Insurance Claims Manager salaries

Last Updated: 9 Jun 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
6 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
7 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.3 L/yr
8 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹9.3 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Team Manager Salary
(17 salaries)
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₹3.75 L/yr - ₹10.46 L/yr
Chief Manager Salary
(70 salaries)
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₹14.5 L/yr - ₹40 L/yr
Deputy Manager Salary
(48 salaries)
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₹2.25 L/yr - ₹8 L/yr
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₹2.8 L/yr - ₹5.25 L/yr
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₹1.9 L/yr - ₹7.44 L/yr
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₹2.2 L/yr - ₹4.5 L/yr
Claims Specialist Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
Team Lead Salary
(23 salaries)
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₹1.5 L/yr - ₹8.75 L/yr
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₹3 L/yr - ₹8.6 L/yr
Analyst Salary
(3 salaries)
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₹7 L/yr - ₹8.29 L/yr

Salary related reviews for ICICI Prudential Life Insurance

4.0

Rated by 1 employees for salary & benefits

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.

read more
  • Skill development - Bad
    +5 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 08 Feb 2023

1.0
 for  Salary and Benefits

Likes

Salary is decent, but lesser than offered by MNCs and Startups. Good support for freshers.

read more

Dislikes

Management Trainee profile is highly sales oriented, nothing else. You'll be made to travel on a bike, visit multiple people on a daily basis and sell insurance products. The company will promise, but never gives any food/ travel/ fuel reimbursements. The IT infrastructure is pathetic. Laptops given to employee hang a lot and are difficult to work on. The colleagues and peers are average. You would rarely come across people from good management institutes working here. There is no "Real skill" development other than communication skill. The company will train you but only to sell products, nothing else. Work life balance is pathetic, and we're often asked to work on weekends. Leaves are rarely approved. The work culture is aggressive, and manager shout and abuse their subordinates. The HR will not help you either, but only support the manager. The attrition rate is very high among the Front line staff/Business Trainee/ Management Trainee. Almost 70% people leave within 1 year and switch to MNCs/ Startups for better work culture, pay and respect. Everyday it feels like the company is going through a financial crisis. They lack money to maintain basic office infrastructure and spend on employee welfare. No Diwali gifts or office lunches. The company is losing market share to HDFC Life. Except for Term Insurance, all other products are a SCAM. It's not ethical to work here. Sooner or later customer will abuse you for misleading and fraud. Avoid ICICI Prudential. Don't ruin your career.

read more
  • Salary - Bad
    +4 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 19 Jan 2023

1.0
 for  Salary and Benefits

Likes

Job security, Support for freshers

  • Job security - Good
    +1 more

Dislikes

Low salary, Low increment, Minimal learning, Highly sales oriented job, Abusive managers, Pressure, 6 days a week working, No gifts, No reimbursement, High degree of misselling of products to achieve sales target

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  • Salary - Bad
    +4 more

Full Time

 · 

Consulting Department

3.0
  •  posted on 10 Oct 2021

2.0
 for  Salary and Benefits

Likes

If you work here automatically your skill set will increase due to work pressure. Management is good. HR policies are good

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  • Skill development - Good
    +2 more

Dislikes

... Life Balance. You will have to work on Saturdays and sometimes on Sundays also. According to workload compensation is low that's why you will feel less motivated to work.

read more
  • Salary - 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
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ICICI Prudential Life Insurance Claims Manager Salary FAQs

What is the salary of Claims Manager at ICICI Prudential Life Insurance?
Claims Manager salary at ICICI Prudential Life Insurance in India ranges between ₹7.8 Lakhs to ₹10.0 Lakhs for experience between 4 years to 16 years. According to our estimates it is 44% more than the average Claims Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of ICICI Prudential Life Insurance India.
How does the salary of a Claims Manager at ICICI Prudential Life Insurance India compare with the average salary range for this job?
The average salary of a Claims Manager at ICICI Prudential Life Insurance is 44% more than the average salary of a Claims Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Claims Manager in India?
  • SBI Life Insurance Company Claims Manager Salary - ₹12.5 Lakhs to ₹15.5 Lakhs per year
  • Bajaj Allianz Life Insurance Claims Manager Salary - ₹11.5 Lakhs to ₹13.1 Lakhs per year
  • United India Insurance Company Claims Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
  • HDFC Life Claims Manager Salary - ₹7.0 Lakhs to ₹14.4 Lakhs per year
  • Tata AIA Life Insurance Claims Manager Salary - ₹8.6 Lakhs to ₹12.0 Lakhs per year
What is the salary of a Claims Manager in companies similar to ICICI Prudential Life Insurance in India?
  • Aditya Birla Insurance Brokers Claims Manager Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
  • SBI General Insurance Claims Manager Salary - ₹4.6 Lakhs to ₹15.0 Lakhs per year
  • Kotak Mahindara Life Insurance Claims Manager Salary - ₹7.0 Lakhs to ₹8.9 Lakhs per year
  • HDFC Ergo General Insurance Claims Manager Salary - ₹3.5 Lakhs to ₹12.5 Lakhs per year
  • Aviva Life Insurance India Claims Manager Salary - ₹6.0 Lakhs to ₹7.0 Lakhs per year
What is the estimated take home salary of a Claims Manager at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Claims Manager at ICICI Prudential Life Insurance ranges between ₹60,024 per month to ₹61,541 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Claims Manager salary in India which ranges between ₹7.8 Lakhs to ₹10.0 Lakhs per year for employees with experience between 4 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Claims Manager at ICICI Prudential Life Insurance?
According to AmbitionBox, 40% of the ICICI Prudential Life Insurance Claims Managers reported a notice period of 2 Months, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

ICICI Prudential Life Insurance Claims Manager salary in India ranges between ₹7.8 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.