ICICI Prudential Life Insurance Development Manager Salaries by 100+ Employees (Updated 2025)

1 - 10 years exp.

₹2.2 Lakhs - ₹4.6 Lakhs

Salary of majority employees

71% less than the average Development Manager Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

Sales & Business Development Development Manager Salary 1 - 10 years exp. (42 salaries)	₹2.2 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Development Manager Salary 2 - 10 years exp. (24 salaries)	₹2.3 L/yr - ₹4.5 L/yr
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Finance & Accounting Development Manager Salary 2 - 9 years exp. (17 salaries)	₹3.3 L/yr - ₹4.5 L/yr
Marketing & Communication Development Manager Salary 3 - 8 years exp. (12 salaries)	₹2.5 L/yr - ₹4.3 L/yr
Customer Success, Service & Operations Development Manager Salary 4 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹4.2 L/yr

Last Updated: 30 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (343 salaries)	₹1.8 L/yr - ₹4.8 L/yr 17% less	2 job openings
ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (66 salaries)	₹2.8 L/yr - ₹4.3 L/yr 16% less
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Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (55 salaries)	₹3.2 L/yr - ₹4.7 L/yr 4% more
Axis Max Life Insurance Development Manager Salary 0 - 12 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 4% less
HDFC Life Development Manager Salary 0 - 6 years exp. (20 salaries)	₹2.6 L/yr - ₹4.3 L/yr 9% less
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 46% more
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 28% less	2 job openings
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 138% more
Shriram Life Insurance Development Manager Salary 14 - 21 years exp. (4 salaries)	₹3.7 L/yr - ₹4 L/yr 6% less
SBI General Insurance Development Manager Salary 1 - 7 years exp. (4 salaries)	₹1 L/yr - ₹4.5 L/yr 22% less
Life Insurance Corporation of India Development Manager Salary 1 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹8 L/yr 38% more
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Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 1% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 3% more

Development Manager salary at ICICI Prudential Life Insurance ranges between ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 130 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Development Manager salaries

Last Updated: 30 Mar 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹2.5 L/yr - ₹4.2 L/yr
2 years (10 salaries)	₹2.3 L/yr - ₹4.6 L/yr
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3 years (15 salaries)	₹2.4 L/yr - ₹4 L/yr
4 years (24 salaries)	₹2.5 L/yr - ₹4.3 L/yr
5 years (28 salaries)	₹2.2 L/yr - ₹4.3 L/yr
6 years (21 salaries)	₹2.5 L/yr - ₹4.5 L/yr
7 years (15 salaries)	₹2.7 L/yr - ₹4.5 L/yr
8 years (5 salaries)	₹3.6 L/yr - ₹4 L/yr
9 years (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr
10 years (4 salaries)	₹3.9 L/yr - ₹4.5 L/yr

View all

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Technical Manager Salary

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Software Engineer Salary

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Senior Consultant Salary

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₹3.5 L/yr - ₹5 L/yr

Top skills at ICICI Prudential Life Insurance for Development Manager

Team Handling Problem Solving Team Management Team Leading

Salary related reviews for ICICI Prudential Life Insurance

4.4

Rated by 30 employees for salary & benefits

Associate Consultant in New Delhi

Bancaasurance Department

3.0

• posted on 05 Apr 2019

3.0

for Salary and Benefits

Likes

icici is itself a brand and it has its own value the best thing about icici that the customer satisfaction is the best one and the products services or any issue regarding anything can be solved easily

Job security - Good

+1 more

Dislikes

Not satisfactory compensation and the career growth is very slow because insurance is a prosuct that 90% people dnt understand or dnt buy or miss guided by their friends and the last one thing is leaves are given very few

Senior Financial Service Manager in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2025

5.0

for Salary and Benefits

Likes

The work-life balance here is good, and the salary and promotions are also rewarding. This makes ICICI Prudential Life the best company for us.

Salary - Excellent

+6 more

Dislikes

There is nothing that would make us say we dislike ICICI Prudential LIC LTD...

Financial Service Consultant in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jan 2025

3.0

for Salary and Benefits

Likes

Icici prudential is basically good company .It gives good salary for freshers.

Dislikes

Company wise icici is very good. But salem branch is very worst for managers support There is a lots of politics.seniors not help for juniors especially ANAND (ARM) PSF channel is help to senior only. Anand give only 6month time for begineers .After 6 months They don't give a business he compale for the separation . HR wise no action for anand.

Skill development - Bad

+3 more

Senior Associate in Mumbai

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.

Skill development - Bad

+5 more

Agency Manager in Goa

Full Time

Marketing & Communication Department

5.0

• posted on 07 Jan 2025

3.0

for Salary and Benefits

Likes

...d job security, and offers valuable learning opportunities to enhance my skills. While the salary is on the lower side and growth feels slow, the stable environment and focus on employee development make it a worthwhile place to work.

Skill development - Excellent

+4 more

Dislikes

Low salary slow growth

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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ICICI Prudential Life Insurance Development Manager Salary FAQs

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

The average salary of a Development Manager at ICICI Prudential Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Development Manager at ICICI Prudential Life Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Development 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 100+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Development Manager at ICICI Prudential Life Insurance in India typically ranges from ₹28,764 to ₹30,146 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 1 year to 10 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 100+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Development Manager at ICICI Prudential Life Insurance ?

To be a Development Manager at ICICI Prudential Life Insurance in india, the key skills required include:

- Team Handling
- Problem Solving
- Team Management
- Team Leading

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ICICI Prudential Life Insurance for Development Manager in India?

Tata AIA Life Insurance	₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance	₹5.0 Lakhs to ₹6.7 Lakhs per year
Life Insurance Corporation of India	₹2.4 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹4.5 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 Development Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Development 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:

Star Health & Allied Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance	₹2.7 Lakhs to ₹5.1 Lakhs per year
Shriram Life Insurance	₹3.7 Lakhs to ₹4.0 Lakhs per year
HDFC Life	₹2.6 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company	₹2.8 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 Development Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.5 Lakhs to ₹4.2 Lakhs per year
2 years	₹2.3 Lakhs to ₹4.6 Lakhs per year
3 years	₹2.4 Lakhs to ₹4.0 Lakhs per year
4 years	₹2.5 Lakhs to ₹4.3 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Development Manager Salaries

ICICI Prudential Life Insurance Development Manager salary in India ranges between ₹2.2 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 130 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Development Manager salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Development Manager

Latest annual salaries shared by ICICI Prudential Life Insurance Development Manager

Experience wise ICICI Prudential Life Insurance Development Manager salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Development Manager

Salary related reviews for ICICI Prudential Life Insurance

Associate Consultant in New Delhi

Senior Financial Service Manager in Lucknow

Financial Service Consultant in Salem

Senior Associate in Mumbai

Agency Manager in Goa

ICICI Prudential Life Insurance Development Manager Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Development Manager Salaries by Location