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ICICI Prudential Life Insurance Management Associate salaries in Mumbai

Annual salary range
0 - 5 years exp.
₹7.6 Lakhs - ₹13 Lakhs
Salary of majority employees
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8% less than the average Management Associate Salary in Insurance Companies for 0 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting
Management Associate Salary
0 - 5 years exp. (16 salaries)
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₹7.6 L/yr - ₹13 L/yr

BFSI, Investments & Trading
Management Associate Salary
0 - 5 years exp. (6 salaries)
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₹8.5 L/yr - ₹10.2 L/yr

Human Resources
Management Associate Salary
0 - 1 year exp. (6 salaries)
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₹8 L/yr - ₹10 L/yr

Sales & Business Development
Management Associate Salary
0 - 1 year exp. (4 salaries)
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₹9.1 L/yr - ₹12.5 L/yr

Customer Success, Service & Operations
Management Associate Salary
0 - 3 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹9.7 L/yr

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Last Updated: 3 Jan 2025

Companies similar to ICICI Prudential Life Insurance for Management Associate in Mumbai

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ICICI Prudential Life Insurance Management Associate Salary

0 - 5 years exp. (50 salaries)

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₹7.6 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹13 L/yr - ₹13.2 L/yr

arrow icon 31% more
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Citicorp Management Associate Salary

0 - 4 years exp. (37 salaries)

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₹14 L/yr - ₹24 L/yr

arrow icon 106% more
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HDFC Bank Management Associate Salary

0 - 4 years exp. (22 salaries)

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₹13 L/yr - ₹26 L/yr

arrow icon 99% more
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Rolta India Management Associate Salary

12 - 22 years exp. (12 salaries)

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₹8 L/yr - ₹13 L/yr

arrow icon 14% more
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DBS Bank Management Associate Salary

0 - 5 years exp. (11 salaries)

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₹17.5 L/yr - ₹23 L/yr

arrow icon 99% more
1 job opening
Management Associate salary at ICICI Prudential Life Insurance ranges between ₹7.6 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 50 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Management Associate in Mumbai

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Experience wise ICICI Prudential Life Insurance Management Associate salaries in Mumbai

Last Updated: 3 Jan 2025

Experience Avg Annual Salary
Fresher  (25 salaries)

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₹7.6 L/yr - ₹10.5 L/yr
1 year  (17 salaries)

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₹8.8 L/yr - ₹13 L/yr
2 years (AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr
3 years (AmbitionBox Estimate)

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₹8 L/yr - ₹18.1 L/yr
4 years  (3 salaries)

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₹9.2 L/yr - ₹10.5 L/yr
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ICICI Prudential Life Insurance Management Associate Salary and Career Growth

From

To

Management Associate

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0 - 5 years exp.

Chief Manager

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7 - 23 years exp.

Management Associate 0 - 5 years exp.
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Senior Manager 1 1 - 15 years exp.
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arrow icon 77% hike
Senior Manager 2 3 - 15 years exp.
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arrow icon 32% hike

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Similar Designation salaries in ICICI Prudential Life Insurance

Deputy Manager Salary
(8 salaries)
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₹3.75 L/yr - ₹8 L/yr

Top skills at ICICI Prudential Life Insurance for Management Associate

investment Back Office Fund Accounting Monitoring Risk Management Front Office Auditing Market Risk IRDA

Salary related reviews for ICICI Prudential Life Insurance

2.0

Rated by 9 employees for salary & benefits

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.

read more
  • 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).

read more
  • Skill development - Poor
    +4 more

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.

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  • Skill development - Bad
    +5 more

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.

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  • Skill development - Excellent
    +4 more

Dislikes

Low salary slow growth

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 03 Dec 2024

3.0
 for  Salary and Benefits

Likes

Expect salary nothing is good

Dislikes

Very worst management and the manager will treat in an irespectable manner as a fresher they would expect you work as an experience person if you don't do that the manager will force you resign the job better don't go and especially for bankassurance

read more
  • Skill development - Bad
    +4 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 02 Dec 2024

1.0
 for  Salary and Benefits

Likes

...ed for. There is no work-life balance. Company work culture is purely political. No learnings and compensation is below industry standards. Suggestion to anyone who is thinking to work here: Better go for Delivery agent rather work for ICICI Prudential.

read more

Dislikes

Everything

  • Salary - Bad
    +6 more
see more salary related reviews

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ICICI Prudential Life Insurance Management Associate Salary FAQs

What is the salary of Management Associate at ICICI Prudential Life Insurance Mumbai?
Management Associate salary at ICICI Prudential Life Insurance in Mumbai ranges between ₹7.6 Lakhs to ₹13.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 8% less than the average Management Associate Salary in India. Salary estimates are based on 50 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.
How does the salary of a Management Associate at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Management Associate at ICICI Prudential Life Insurance is 8% less than the average salary of a Management Associate in Mumbai. 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?
investment, Back Office, Fund Accounting, Monitoring and Risk Management are some of the popular skills required to work as a Management Associate at ICICI Prudential Life Insurance Mumbai.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Management Associate in Mumbai?
  • Citicorp Management Associate Salary - ₹14.0 Lakhs to ₹24.0 Lakhs per year
  • HDFC Bank Management Associate Salary - ₹13.0 Lakhs to ₹26.0 Lakhs per year
  • DBS Bank Management Associate Salary - ₹17.5 Lakhs to ₹23.0 Lakhs per year
  • Bajaj Allianz Life Insurance Management Associate Salary - ₹13.0 Lakhs to ₹13.2 Lakhs per year
  • Rolta India Management Associate Salary - ₹8.0 Lakhs to ₹13.0 Lakhs per year
What is the estimated take home salary of a Management Associate at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Management Associate at ICICI Prudential Life Insurance ranges between ₹72,219 per month to ₹74,082 per month in Mumbai. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Management Associate salary in India which ranges between ₹7.6 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 in Mumbai?
According to AmbitionBox, 83% of the ICICI Prudential Life Insurance Management Associates in Mumbai reported a notice period of 2 Months, 14% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 29 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Management Associate salary in Mumbai ranges between ₹7.6 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 50 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.