ICICI Prudential Life Insurance Cluster Manager Banca Salaries by 4 Employees

2 - 15 years exp.

₹6.5 Lakhs - ₹18 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

44% more than the average Cluster Manager Banca Salary in Insurance Companies for 2 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
Customer Success, Service & Operations Cluster Manager Banca Salary 2 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
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Sales & Business Development Cluster Manager Banca Salary 15 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 7 Dec 2024

Companies similar to ICICI Prudential Life Insurance for Cluster Manager Banca

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Banca Salary 7 - 16 years exp. (46 salaries)	₹7 L/yr - ₹11.5 L/yr 11% less
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 4 - 12 years exp. (41 salaries)	₹6 L/yr - ₹12.6 L/yr 21% less
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Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 13 years exp. (22 salaries)	₹5 L/yr - ₹9.8 L/yr 35% less
Axis Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (13 salaries)	₹9 L/yr - ₹12.3 L/yr 4% more
Bajaj Allianz Life Insurance Cluster Manager Banca Salary 7 - 13 years exp. (9 salaries)	₹6 L/yr - ₹10 L/yr 24% less
Kotak Mahindara Life Insurance Cluster Manager Banca Salary 8 - 17 years exp. (7 salaries)	₹5.5 L/yr - ₹13 L/yr 13% less
Reliance Nippon Life Insurance Cluster Manager Banca Salary 9 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹6 L/yr 50% less
Tata AIA Life Insurance Cluster Manager Banca Salary 8 - 13 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr 15% less
HDFC Ergo General Insurance Cluster Manager Banca Salary 3 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹4.9 L/yr 53% less
SBI General Insurance Cluster Manager Banca Salary 12 - 17 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr 15% less
ICICI Lombard General Insurance Company Cluster Manager Banca Salary 2 - 14 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 2% less
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PNB MetLife Cluster Manager Banca Salary 6 - 8 years exp. (3 salaries)	₹4 L/yr - ₹5.8 L/yr 49% less

Cluster Manager Banca salary at ICICI Prudential Life Insurance ranges between ₹6.5 Lakhs to ₹18 Lakhs per year for employees with experience between 2 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Cluster Manager Banca salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
15+ years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr

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Salary related reviews for ICICI Prudential Life Insurance

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

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

Sales Manager in Kolkata

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

Relationship Manager in Mumbai

Marketing & Communication Department

1.0

• posted on 26 Mar 2021

2.0

for Salary and Benefits

Likes

- Allowances are good. - Salary comes on time.

Job security - Good

Dislikes

There is absolutely no work life balance here. The boss / super boss everyone speaks in a very demotivating and degrading tone. It is very abusive and toxic. Unrealistic expectations and extremely abusive culture

Salary - Poor

+4 more

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

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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 Manager Banca Salary FAQs

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

The average salary of a Cluster Manager Banca at ICICI Prudential Life Insurance in India typically ranges from ₹6.5 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 2 years to 15 years).

The top 10% of Cluster Manager Banca at ICICI Prudential Life Insurance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Cluster Manager Banca 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 4 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Cluster Manager Banca at ICICI Prudential Life Insurance in India typically ranges from ₹73,822 to ₹75,730 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 2 years to 15 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 4 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 Manager Banca in India?

Axis Max Life Insurance

₹9.0 Lakhs to ₹12.3 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 Cluster Manager Banca in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Cluster Manager Banca 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:

ICICI Lombard General Insurance Company	₹8.0 Lakhs to ₹12.0 Lakhs per year
HDFC Life	₹7.0 Lakhs to ₹11.5 Lakhs per year
Kotak Mahindara Life Insurance	₹5.5 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance	₹7.5 Lakhs to ₹10.0 Lakhs per year
Tata AIA Life Insurance	₹7.0 Lakhs to ₹10.0 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 Manager Banca at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
2 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
8 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
9 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
15 years	₹16.2 Lakhs to ₹20.7 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Cluster Manager Banca Salaries

ICICI Prudential Life Insurance Cluster Manager Banca salary in India ranges between ₹6.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.