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

Annual salary range
0 - 5 years exp.
₹7.6 Lakhs - ₹13 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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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? 33 job openings

Salaries in different departments

Finance & Accounting
Management Associate Salary
0 - 5 years exp. (15 salaries)
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₹7.6 L/yr - ₹13 L/yr

BFSI, Investments & Trading
Management Associate Salary
0 - 5 years exp. (8 salaries)
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₹8.5 L/yr - ₹10 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

Strategic & Top Management
Management Associate Salary
0 - 1 year exp. (3 salaries)
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₹10 L/yr - ₹10 L/yr

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Last Updated: 19 Mar 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. (51 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 - ₹13.1 L/yr

arrow icon 32% more
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Citicorp Management Associate Salary

0 - 4 years exp. (34 salaries)

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₹14 L/yr - ₹24 L/yr

arrow icon 101% 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 102% 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 15% more
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DBS Bank Management Associate Salary

0 - 6 years exp. (11 salaries)

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₹17.5 L/yr - ₹23 L/yr

arrow icon 100% 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 51 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

3w ago
₹10 Lakhs
8 months exp.
3w ago
₹10 Lakhs
7 months exp.
1mo ago
₹10 Lakhs
1 year exp.
1mo ago
₹10 Lakhs
5 months exp.
2mo ago
₹9.2 Lakhs
1 year exp.
2mo ago
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5 months exp.
3mo ago
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5 months exp.
4mo ago
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4 years exp.
4mo ago
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5 months exp.
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3 months exp.

Experience wise ICICI Prudential Life Insurance Management Associate salaries in Mumbai

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
Fresher  (26 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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₹8.9 L/yr - ₹11.4 L/yr
3 years (AmbitionBox Estimate)

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₹8.9 L/yr - ₹11.4 L/yr
4 years  (3 salaries)

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₹9.2 L/yr - ₹10.5 L/yr
View all
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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9 - 22 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 70% hike

Senior Manager 2

3 - 15 years exp.
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arrow icon 45% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Prudential Life Insurance

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

Top skills at ICICI Prudential Life Insurance for Management Associate

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

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

 · 

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

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.

read more

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.

read more
  • Skill development - Bad
  • +3 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.

read more
  • 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.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Low salary slow growth

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 in Mumbai?
The average salary of a Management Associate at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹7.6 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Management Associate in Mumbai at ICICI Prudential Life Insurance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Management 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 50+ ICICI Prudential Life Insurance employees in India.
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 in Mumbai typically ranges from ₹71,712 to ₹73,560 per month. This is based on the average salary range of ₹7.6 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher 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 50+ 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 Management Associate at ICICI Prudential Life Insurance in Mumbai?
To be a Management Associate at ICICI Prudential Life Insurance in Mumbai, the key skills required include:

  • - CCTV Monitoring
  • - Regulatory Reporting
  • - Automation Testing
  • - Financial Statements
  • - Reconciliation

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 Management Associate in India?
HDFC Bank ₹13.0 Lakhs to ₹26.0 Lakhs per year
Citicorp ₹14.0 Lakhs to ₹24.0 Lakhs per year
DBS Bank ₹17.5 Lakhs to ₹23.0 Lakhs per year
Bajaj Allianz Life Insurance ₹13.0 Lakhs to ₹13.1 Lakhs per year
Rolta India ₹8.0 Lakhs to ₹13.0 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.
How the salary growth look like for a Management Associate at ICICI Prudential Life Insurance in Mumbai?
The salary growth for a Management Associate at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Management Associate in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
Fresher ₹7.6 Lakhs to ₹10.5 Lakhs per year
1 year ₹8.8 Lakhs to ₹13.0 Lakhs per year
2 years ₹8.9 Lakhs to ₹11.4 Lakhs per year
3 years ₹8.9 Lakhs to ₹11.4 Lakhs per year
and so on.

Tell us how to improve this page.

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 51 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.