ICICI Prudential Life Insurance Department Manager Salaries by 4 Employees

0 - 12 years exp.

₹4.5 Lakhs - ₹8.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

11% more than the average Department Manager Salary in Insurance Companies for 0 - 12 years of experience

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Last Updated: 16 Nov 2024

Companies similar to ICICI Prudential Life Insurance for Department Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Department Manager Salary 5 years exp. (7 salaries)	₹5.4 L/yr - ₹6.5 L/yr 1% more
SBI Life Insurance Company Department Manager Salary 0 - 10 years exp. (6 salaries)	₹2.5 L/yr - ₹4.3 L/yr 40% less
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ICICI Lombard General Insurance Company Department Manager Salary 1 - 5 years exp. (4 salaries)	₹6 L/yr - ₹15 L/yr 45% more
HDFC Ergo General Insurance Department Manager Salary 1 - 7 years exp. (4 salaries)	₹7 L/yr - ₹14.8 L/yr 91% more
HDFC Life Department Manager Salary 1 - 7 years exp. (4 salaries)	₹11 L/yr - ₹17 L/yr 140% more
SBI General Insurance Department Manager Salary 3 - 30 years exp. (3 salaries)	₹8 L/yr - ₹13 L/yr 72% more

Department Manager salary at ICICI Prudential Life Insurance ranges between ₹4.5 Lakhs to ₹8.7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Department Manager salaries

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5.4 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
3 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr
8 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
11 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr

View all

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Supervisor Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.8

Rated by 2 employees for salary & benefits

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

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

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.

Sales Manager in Mangaluru

sales Department

3.0

• posted on 19 Aug 2020

5.0

for Salary and Benefits

Likes

The learning, compensation and benefits are excellent. with strong determination if u stay for minimum 2 yrs of hard work then you can see a great career opportunities.

Salary - Excellent

+4 more

Dislikes

due to politics i found it difficult for work life balance and thus less work satisfaction.

Sales Manager in Bangalore / Bengaluru

Sales & Business Development Department

3.0

• posted on 11 May 2018

3.0

for Salary and Benefits

Likes

A lot of learning opportunities will be there. Will get to know how to work under pressure everyday. Compensation is ok but work life is not great. Take it as a learning opportunity.

Skill development - Good

+2 more

Dislikes

Poor work life balance less salary

Work-life balance - Poor

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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 Department Manager Salary FAQs

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

The average salary of a Department Manager at ICICI Prudential Life Insurance in India typically ranges from ₹4.5 Lakhs to ₹8.7 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Department Manager at ICICI Prudential Life Insurance earn more than ₹8.7 Lakhs per year, and the top 1% earn over ₹8.7 Lakhs per year. Department 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 4 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Department Manager at ICICI Prudential Life Insurance in India typically ranges from ₹45,280 to ₹46,366 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹8.7 Lakhs per year for employees with experience ranging from Fresher to 12 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 Department Manager in India?

HDFC Life	₹11.0 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance	₹7.0 Lakhs to ₹14.8 Lakhs per year
SBI General Insurance	₹8.0 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.0 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹5.4 Lakhs to ₹6.5 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 Department Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Department 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:

SBI Life Insurance Company

₹2.5 Lakhs to ₹4.3 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 Department Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹5.4 Lakhs to ₹7.0 Lakhs per year
1 year	₹5.4 Lakhs to ₹6.9 Lakhs per year
2 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
3 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Department Manager Salaries

ICICI Prudential Life Insurance Department Manager salary in India ranges between ₹4.5 Lakhs to ₹8.7 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.

ICICI Prudential Life Insurance Department Manager salaries in India

Companies similar to ICICI Prudential Life Insurance for Department Manager

Latest annual salaries shared by ICICI Prudential Life Insurance Department Manager

Experience wise ICICI Prudential Life Insurance Department Manager salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Sales Manager in Hyderabad / Secunderabad

Sales Manager in Kolkata

Team Lead in Indore

Sales Manager in Mangaluru

Sales Manager in Bangalore / Bengaluru

ICICI Prudential Life Insurance Department Manager Salary FAQs

Tell us how to improve this page.