ICICI Prudential Life Insurance Management Associate Salaries by 70+ Employees (Updated 2025)

0 - 5 years exp.

₹7.2 Lakhs - ₹13 Lakhs

Salary of majority employees

Fixed (78%)

₹7.7 Lakhs

Variable (22%)

₹2.1 Lakhs

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6% more than the average Management Associate Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting Management Associate Salary 0 - 5 years exp. (17 salaries)	Unlock ₹7.6 L/yr - ₹13 L/yr
Sales & Business Development Management Associate Salary 0 - 3 years exp. (10 salaries)	Unlock ₹8.8 L/yr - ₹12.5 L/yr
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Human Resources Management Associate Salary 0 - 3 years exp. (9 salaries)	Unlock ₹7.3 L/yr - ₹12 L/yr
BFSI, Investments & Trading Management Associate Salary 0 - 5 years exp. (8 salaries)	Unlock ₹8.5 L/yr - ₹10 L/yr
Marketing & Communication Management Associate Salary Fresher (4 salaries)	Unlock ₹9 L/yr - ₹10 L/yr

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Last Updated: 19 Feb 2025

Companies similar to ICICI Prudential Life Insurance for Management Associate

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Management Associate Salary 0 - 1 year exp. (17 salaries)	Unlock ₹11.7 L/yr - ₹15 L/yr 33% more
Sun Pharmaceutical Industries Management Associate Salary 2 - 8 years exp. (210 salaries)	Unlock ₹1.4 L/yr - ₹6.7 L/yr 59% less
Login to view exact salary
Dainik Bhaskar Group Management Associate Salary 0 - 8 years exp. (161 salaries)	Unlock ₹1.5 L/yr - ₹3.9 L/yr 71% less
HDFC Bank Management Associate Salary 0 - 3 years exp. (66 salaries)	Unlock ₹13 L/yr - ₹26 L/yr 111% more
Citicorp Management Associate Salary 0 - 3 years exp. (57 salaries)	Unlock ₹14 L/yr - ₹27 L/yr 109% more

Management Associate salary at ICICI Prudential Life Insurance ranges between ₹7.2 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 73 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Management Associate

2d ago

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1 year exp.

3d ago

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5 months exp.

1w ago

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5 months exp.

2w ago

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1 year exp.

2w ago

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5 months exp.

2w ago

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7 months exp.

1mo ago

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5 months exp.

1mo ago

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5 months exp.

2mo ago

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4 years exp.

3mo ago

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5 months exp.

Experience wise ICICI Prudential Life Insurance Management Associate salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (31 salaries)	Unlock ₹7.3 L/yr - ₹10.5 L/yr
1 year (25 salaries)	Unlock ₹7.2 L/yr - ₹13 L/yr
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2 years (3 salaries)	Unlock ₹8 L/yr - ₹11 L/yr
3 years (6 salaries)	Unlock ₹8 L/yr - ₹12 L/yr
4 years (4 salaries)	Unlock ₹8 L/yr - ₹10.5 L/yr
5 years (4 salaries)	Unlock ₹8 L/yr - ₹13 L/yr

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From

Management Associate

₹

Lakhs/yr

0 - 5 years exp.

Chief Manager

₹

Lakhs/yr

7 - 22 years exp.

Management Associate 0 - 5 years exp.

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Senior Manager 1 1 - 15 years exp.

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66% hike

Senior Manager 2 3 - 18 years exp.

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52% hike

Similar Designation salaries in ICICI Prudential Life Insurance

Maintenance Engineer Salary

(AmbitionBox Estimate)

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₹494 L/yr - ₹546 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.3 L/yr

Service Engineer Salary

(AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr

Supervisor Salary

(AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr

Site Engineer Salary

(AmbitionBox Estimate)

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₹47.5 L/yr - ₹52.5 L/yr

Deputy Manager Salary

(53 salaries)

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₹2.25 L/yr - ₹8 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

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₹2.3 L/yr - ₹2.9 L/yr

Production Engineer Salary

(AmbitionBox Estimate)

Unlock

₹15 L/yr - ₹19.2 L/yr

Top skills at ICICI Prudential Life Insurance for Management Associate

CCTV Monitoring Regulatory Reporting Financial Statements Reconciliation Automation Testing Expense Management User Acceptance Testing Business Planning Software Configuration Management PowerPoint Operational Risk Management ISO 27001 Lead Auditor MS Access Manual Testing investment

Salary related reviews for ICICI Prudential Life Insurance

2.2

Rated by 14 employees for salary & benefits

Management Associate in Mumbai

Other Department

2.0

• posted on 11 Oct 2021

4.0

for Salary and Benefits

Likes

If you are looking for a job with higher job security then you can always work here on the cost of compromising your work-life balance. The company pays you well and gives adequate leaves and other allowances but all of it only when your manager agrees to it. They will give you chances to share your ideas, but again its execution won't happen because they like to proceed with their own way.

Salary - Good

+1 more

Dislikes

Compensation and other allowances are decent but growth is really slow. The Work culture is not so friendly, no boundaries between your professional-personal life and you can always be asked to work on holidays (national holidays too).

Skill development - Poor

+4 more

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

Unit Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

...own brand so it's easy to deal with clients. 2nd competitively amazing products. 3rd salary payouts are always on time. 4th presure for growth is remarkably high.

Salary - Good

+1 more

Dislikes

1st Very High Sales Pressure!! 2nd incentives playmates are very delayed. 3rd less work-life balance, sometimes you have to attend meetings on Sunday & have meet client on weekends also. 4th you have to be lucky enough to get a supportive BM & RM. Otherwise you'll end up resigning with in 6-12 mouth. 5th if you have hard-core sales mindset & have good networking skills then you could stay at ipru & grow. Otherwise you'll get Frustrated very soon.

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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ICICI Prudential Life Insurance Management Associate Salary FAQs

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

Management Associate salary at ICICI Prudential Life Insurance in India ranges between ₹7.2 Lakhs to ₹13.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 6% more than the average Management Associate Salary in India. Salary estimates are based on 73 latest salaries received from various employees of ICICI Prudential Life Insurance India.

How does the salary of a Management Associate at ICICI Prudential Life Insurance India compare with the average salary range for this job?

The average salary of a Management Associate at ICICI Prudential Life Insurance is 6% more than the average salary of a Management Associate in India. To know exact salary insights, login to view.

What are the top skills required to work as a Management Associate at ICICI Prudential Life Insurance?

CCTV Monitoring, Regulatory Reporting, Financial Statements, Reconciliation and Automation Testing are some of the popular skills required to work as a Management Associate at ICICI Prudential Life Insurance India.

Which similar companies are paying more than ICICI Prudential Life Insurance to a Management Associate in India?

HDFC Bank Management Associate Salary - ₹13.0 Lakhs to ₹26.0 Lakhs per year
Citicorp Management Associate Salary - ₹14.0 Lakhs to ₹27.0 Lakhs per year
Bajaj Allianz Life Insurance Management Associate Salary - ₹11.7 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Management Associate in companies similar to ICICI Prudential Life Insurance in India?

Sun Pharmaceutical Industries Management Associate Salary - ₹1.4 Lakhs to ₹6.7 Lakhs per year
Dainik Bhaskar Group Management Associate Salary - ₹1.5 Lakhs to ₹3.9 Lakhs per year

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

The estimated take-home salary of a Management Associate at ICICI Prudential Life Insurance ranges between ₹70,920 per month to ₹72,745 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Management Associate salary in India which ranges between ₹7.2 Lakhs to ₹13.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Management Associate at ICICI Prudential Life Insurance?

According to AmbitionBox, 76% of the ICICI Prudential Life Insurance Management Associates reported a notice period of 2 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 38 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Management Associate Salaries by Location

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ICICI Prudential Life Insurance Management Associate Salaries

ICICI Prudential Life Insurance Management Associate salary in India ranges between ₹7.2 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 73 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Management Associate salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Management Associate

Latest annual salaries shared by ICICI Prudential Life Insurance Management Associate

Experience wise ICICI Prudential Life Insurance Management Associate salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Management Associate

Salary related reviews for ICICI Prudential Life Insurance

Management Associate in Mumbai

Financial Service Consultant in Salem

Senior Associate in Mumbai

Agency Manager in Goa

Unit Sales Manager in Kolkata

ICICI Prudential Life Insurance Management Associate Salary FAQs

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ICICI Prudential Life Insurance Management Associate Salaries by Location