ICICI Prudential Life Insurance Insurance Associate Salaries by 7 Employees

3 - 5 years exp.

₹2.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Insurance Associate Salary in Insurance Companies for 3 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
BFSI, Investments & Trading Insurance Associate Salary 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Sales & Business Development Insurance Associate Salary 4 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.5 L/yr

Last Updated: 13 Nov 2024

Companies similar to ICICI Prudential Life Insurance for Insurance Associate

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Insurance Associate Salary 0 - 13 years exp. (7 salaries)	₹1.8 L/yr - ₹5.3 L/yr 5% more
Gallagher Insurance Associate Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr 7% more
Login to view exact salary
ICICI Lombard General Insurance Company Insurance Associate Salary 0 - 8 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 14% less
Bajaj Allianz Life Insurance Insurance Associate Salary 1 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹5 L/yr 8% more
Kotak Mahindara Life Insurance Insurance Associate Salary 0 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr 32% less
HDFC Ergo General Insurance Insurance Associate Salary 3 - 4 years exp. (4 salaries)	₹2 L/yr - ₹4.1 L/yr 12% less
PNB MetLife Insurance Associate Salary 1 - 8 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 13% more
HDFC Life Insurance Associate Salary 0 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹4 L/yr 32% less

Insurance Associate salary at ICICI Prudential Life Insurance ranges between ₹2.5 Lakhs to ₹4.1 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 7 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Insurance Associate salaries

Last Updated: 13 Nov 2024

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.5 L/yr - ₹3 L/yr
4 years (3 salaries)	₹1.3 L/yr - ₹4.1 L/yr
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5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Associate Salary

(303 salaries)

₹2.4 L/yr - ₹5.3 L/yr

Process Associate Salary

(10 salaries)

₹2.5 L/yr - ₹6 L/yr

Operations Associate Salary

(36 salaries)

₹2.05 L/yr - ₹3.95 L/yr

Senior Process Associate Salary

(3 salaries)

₹5 L/yr - ₹5.2 L/yr

Customer Service Associate Salary

(30 salaries)

₹2 L/yr - ₹5.2 L/yr

Operations Manager Salary

(43 salaries)

₹1.5 L/yr - ₹7.5 L/yr

Quality Analyst Salary

(5 salaries)

₹3.8 L/yr - ₹4.2 L/yr

Analyst Salary

(7 salaries)

₹3.57 L/yr - ₹13 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Senior Analyst Salary

(4 salaries)

₹3.6 L/yr - ₹8.07 L/yr

Salary related reviews for ICICI Prudential Life Insurance

5.0

Rated by 1 employees for salary & benefits

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

Operations Associate in Nashik

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Apr 2021

5.0

for Salary and Benefits

Likes

ICICI Prudential Life Insurance is very Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling.

Salary - Excellent

+6 more

Dislikes

Salary is decent

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

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

Customer Service Executive in Chandigarh

Customer Success, Service & Operations Department

4.0

• posted on 20 Aug 2020

4.0

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 - Good

+4 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joinees.

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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 Insurance Associate Salary FAQs

What is the salary of Insurance Associate at ICICI Prudential Life Insurance ?

The average salary of a Insurance Associate at ICICI Prudential Life Insurance in India typically ranges from ₹2.5 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Insurance Associate at ICICI Prudential Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Insurance Associate 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 7 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Insurance Associate at ICICI Prudential Life Insurance in India typically ranges from ₹23,711 to ₹25,169 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 3 years to 5 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 7 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 Insurance Associate in India?

PNB MetLife	₹2.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.8 Lakhs to ₹5.0 Lakhs per year
Gallagher	₹3.0 Lakhs to ₹3.9 Lakhs per year
SBI Life Insurance Company	₹1.8 Lakhs to ₹5.3 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 Insurance Associate in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Insurance Associate 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:

HDFC Ergo General Insurance	₹2.0 Lakhs to ₹4.1 Lakhs per year
ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindara Life Insurance	₹1.8 Lakhs to ₹3.2 Lakhs per year
HDFC Life	₹1.2 Lakhs to ₹4.0 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 Insurance Associate at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹2.5 Lakhs to ₹3.0 Lakhs per year
4 years	₹1.3 Lakhs to ₹4.1 Lakhs per year
5 years	₹3.5 Lakhs to ₹7.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Insurance Associate Salaries

ICICI Prudential Life Insurance Insurance Associate salary in India ranges between ₹2.5 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Insurance Associate salaries in India

Companies similar to ICICI Prudential Life Insurance for Insurance Associate

Latest annual salaries shared by ICICI Prudential Life Insurance Insurance Associate

Experience wise ICICI Prudential Life Insurance Insurance Associate salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Senior Associate in Mumbai

Operations Associate in Nashik

Relationship Manager in Saharsa

Relationship Manager in Mumbai

Customer Service Executive in Chandigarh

ICICI Prudential Life Insurance Insurance Associate Salary FAQs

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ICICI Prudential Life Insurance Insurance Associate Salaries by Location