ICICI Prudential Life Insurance Cluster Head Salaries by 10+ Employees (Updated 2025)

4 - 19 years exp.

₹8.1 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Cluster Head Salary in Insurance Companies for 4 - 19 years of experience

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Salaries in different departments

Sales & Business Development Cluster Head Salary 12 - 19 years exp. (5 salaries)	₹8.6 L/yr - ₹15 L/yr
BFSI, Investments & Trading Cluster Head Salary 4 - 16 years exp. (4 salaries)	₹8.1 L/yr - ₹12.5 L/yr
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Marketing & Communication Cluster Head Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹11.7 L/yr

Last Updated: 15 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Cluster Head

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Cluster Head Salary 8 - 18 years exp. (41 salaries)	₹6 L/yr - ₹14 L/yr 11% less
Axis Max Life Insurance Cluster Head Salary 6 - 20 years exp. (27 salaries)	₹7 L/yr - ₹16 L/yr At par
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HDFC Life Cluster Head Salary 5 - 16 years exp. (27 salaries)	₹7.5 L/yr - ₹14 L/yr 9% less
Bajaj Allianz Life Insurance Cluster Head Salary 7 - 16 years exp. (35 salaries)	₹7 L/yr - ₹13 L/yr 14% less
ICICI Lombard General Insurance Company Cluster Head Salary 10 - 17 years exp. (13 salaries)	₹7.8 L/yr - ₹17.5 L/yr 10% more
Aditya Birla Sun Life Insurance Cluster Head Salary 6 - 9 years exp. (14 salaries)	₹7 L/yr - ₹12 L/yr 19% less
PNB MetLife Cluster Head Salary 12 - 18 years exp. (9 salaries)	₹15.5 L/yr - ₹18 L/yr 49% more
Kotak Mahindara Life Insurance Cluster Head Salary 8 - 21 years exp. (9 salaries)	₹5.2 L/yr - ₹21.8 L/yr 6% more
Tata AIA Life Insurance Cluster Head Salary 10 - 16 years exp. (8 salaries)	₹9.5 L/yr - ₹20.5 L/yr 8% more
SBI General Insurance Cluster Head Salary 14 - 19 years exp. (7 salaries)	₹8.7 L/yr - ₹20 L/yr 23% more
Reliance Nippon Life Insurance Cluster Head Salary 12 - 19 years exp. (5 salaries)	₹7.8 L/yr - ₹12 L/yr 14% less
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Shriram Life Insurance Cluster Head Salary 11 - 15 years exp. (4 salaries)	₹4.8 L/yr - ₹15 L/yr 24% less

Cluster Head salary at ICICI Prudential Life Insurance ranges between ₹8.1 Lakhs to ₹15 Lakhs per year for employees with experience between 4 years to 19 years. Salary estimates are based on 13 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Cluster Head salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹20.3 L/yr
5 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹20.3 L/yr
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6 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
7 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
9 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.1 L/yr
10 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
12 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹11.5 L/yr
13 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.2 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹14 L/yr
15+ years (6 salaries)	₹8.6 L/yr - ₹15 L/yr

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From

Cluster Head

4 - 19 years exp.

Regional Manager

15 - 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.

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Salary related reviews for ICICI Prudential Life Insurance

4.3

Rated by 7 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

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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 Cluster Head Salary FAQs

What is the salary of Cluster Head at ICICI Prudential Life Insurance ?

The average salary of a Cluster Head at ICICI Prudential Life Insurance in India typically ranges from ₹8.1 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 4 years to 19 years).

The top 10% of Cluster Head at ICICI Prudential Life Insurance earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Cluster Head 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 10+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Cluster Head at ICICI Prudential Life Insurance in India typically ranges from ₹81,750 to ₹83,882 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 4 years to 19 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 10+ 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 Cluster Head in India?

PNB MetLife	₹15.5 Lakhs to ₹18.0 Lakhs per year
SBI General Insurance	₹8.7 Lakhs to ₹20.0 Lakhs per year
ICICI Lombard General Insurance Company	₹7.8 Lakhs to ₹17.5 Lakhs per year
Tata AIA Life Insurance	₹9.5 Lakhs to ₹20.5 Lakhs per year
Kotak Mahindara Life Insurance	₹5.2 Lakhs to ₹21.8 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 Cluster Head in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Cluster Head 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:

Axis Max Life Insurance	₹7.0 Lakhs to ₹16.0 Lakhs per year
HDFC Life	₹7.5 Lakhs to ₹14.0 Lakhs per year
HDFC Ergo General Insurance	₹6.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance	₹7.0 Lakhs to ₹13.0 Lakhs per year
Reliance Nippon Life Insurance	₹7.8 Lakhs to ₹12.0 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 Cluster Head at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
4 years	₹8.1 Lakhs to ₹20.3 Lakhs per year
5 years	₹8.1 Lakhs to ₹20.3 Lakhs per year
6 years	₹10.2 Lakhs to ₹13.0 Lakhs per year
7 years	₹10.2 Lakhs to ₹13.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Cluster Head Salaries

ICICI Prudential Life Insurance Cluster Head salary in India ranges between ₹8.1 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.