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

Annual salary range
0 - 2 years exp.
₹4 Lakhs - ₹9.6 Lakhs
Salary of majority employees
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8% less than the average Management Trainee Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Management Trainee Salary
0 - 2 years exp. (66 salaries)
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₹4 L/yr - ₹9.6 L/yr

Sales & Business Development
Management Trainee Salary
0 - 2 years exp. (56 salaries)
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₹4 L/yr - ₹8 L/yr

Marketing & Communication
Management Trainee Salary
0 - 2 years exp. (45 salaries)
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₹4.2 L/yr - ₹8 L/yr

Human Resources
Management Trainee Salary
0 - 2 years exp. (16 salaries)
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₹4 L/yr - ₹7.5 L/yr

Finance & Accounting
Management Trainee Salary
0 - 1 year exp. (9 salaries)
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₹4.9 L/yr - ₹7.5 L/yr

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Last Updated: 2 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Management Trainee

Company name Avg Annual Salary Open Jobs
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HDFC Life Management Trainee Salary

0 - 3 years exp. (143 salaries)

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₹4.8 L/yr - ₹15 L/yr

arrow icon 49% more
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₹5.1 L/yr - ₹10.5 L/yr

arrow icon 19% more
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₹16 L/yr - ₹22 L/yr

arrow icon 209% more
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₹3 L/yr - ₹9.5 L/yr

arrow icon 10% less
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₹5 L/yr - ₹20 L/yr

arrow icon 73% more
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₹2.7 L/yr - ₹7 L/yr

arrow icon 42% less
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₹1.5 L/yr - ₹3 L/yr

arrow icon 57% less
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₹4 L/yr - ₹10 L/yr

arrow icon 7% less
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₹2 L/yr - ₹10 L/yr

arrow icon 19% less
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PNB MetLife Management Trainee Salary

0 - 2 years exp. (6 salaries)

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₹6 L/yr - ₹7 L/yr

arrow icon 9% less
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Management Trainee salary at ICICI Prudential Life Insurance ranges between ₹4 Lakhs to ₹9.6 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 312 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Management Trainee

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Experience wise ICICI Prudential Life Insurance Management Trainee salaries

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
Fresher  (179 salaries)

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₹4 L/yr - ₹9.6 L/yr
1 year  (113 salaries)

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₹4 L/yr - ₹8 L/yr
2 years  (20 salaries)

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₹4.9 L/yr - ₹9 L/yr
ICICI Prudential Life Insurance Management Trainee Salary and Career Growth

From

To

Management Trainee

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0 - 2 years exp.

Chief Manager

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7 - 22 years exp.

Management Trainee 0 - 2 years exp.
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Sales Manager 1 - 12 years exp.
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arrow icon 1% hike
Area Manager 1 - 17 years exp.
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arrow icon 41% hike

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From

4 more levels

To

Management Trainee

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0 - 2 years exp.

Regional Manager

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16 - 22 years exp.

View 1 more career path

Similar Designation salaries in ICICI Prudential Life Insurance

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₹2 L/yr - ₹3.5 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Team Lead Salary
(23 salaries)
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₹1.5 L/yr - ₹8.75 L/yr
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₹2.4 L/yr - ₹4 L/yr
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₹2.05 L/yr - ₹3.2 L/yr
Analyst Salary
(3 salaries)
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₹7 L/yr - ₹8.29 L/yr
Senior Associate Salary
(293 salaries)
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₹2.4 L/yr - ₹5.5 L/yr
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₹2.5 L/yr - ₹6 L/yr
Senior Analyst Salary
(4 salaries)
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₹3.6 L/yr - ₹8.07 L/yr
Deputy Manager Salary
(53 salaries)
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₹2.25 L/yr - ₹8 L/yr

Top skills at ICICI Prudential Life Insurance for Management Trainee

Accounting Cost Reduction Finance Management Reporting Back Office Excel Financial Control Front Office Forecasting Regulatory Reporting Corporate Expense Analysis Financial Reporting Budgeting
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Salary related reviews for ICICI Prudential Life Insurance

3.5

Rated by 56 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 08 Feb 2023

1.0
 for  Salary and Benefits

Likes

Salary is decent, but lesser than offered by MNCs and Startups. Good support for freshers.

read more

Dislikes

Management Trainee profile is highly sales oriented, nothing else. You'll be made to travel on a bike, visit multiple people on a daily basis and sell insurance products. The company will promise, but never gives any food/ travel/ fuel reimbursements. The IT infrastructure is pathetic. Laptops given to employee hang a lot and are difficult to work on. The colleagues and peers are average. You would rarely come across people from good management institutes working here. There is no "Real skill" development other than communication skill. The company will train you but only to sell products, nothing else. Work life balance is pathetic, and we're often asked to work on weekends. Leaves are rarely approved. The work culture is aggressive, and manager shout and abuse their subordinates. The HR will not help you either, but only support the manager. The attrition rate is very high among the Front line staff/Business Trainee/ Management Trainee. Almost 70% people leave within 1 year and switch to MNCs/ Startups for better work culture, pay and respect. Everyday it feels like the company is going through a financial crisis. They lack money to maintain basic office infrastructure and spend on employee welfare. No Diwali gifts or office lunches. The company is losing market share to HDFC Life. Except for Term Insurance, all other products are a SCAM. It's not ethical to work here. Sooner or later customer will abuse you for misleading and fraud. Avoid ICICI Prudential. Don't ruin your career.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 19 Jan 2023

1.0
 for  Salary and Benefits

Likes

Job security, Support for freshers

  • Job security - Good
  • +1 more

Dislikes

Low salary, Low increment, Minimal learning, Highly sales oriented job, Abusive managers, Pressure, 6 days a week working, No gifts, No reimbursement, High degree of misselling of products to achieve sales target

read more
  • Salary - Bad
  • +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.

read more
  • Skill development - Bad
  • +5 more

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.

read more
  • Salary - Excellent
  • +6 more

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

read more
  • Salary - Poor
  • +4 more
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ICICI Prudential Life Insurance Management Trainee Salary FAQs

What is the salary of Management Trainee at ICICI Prudential Life Insurance?
Management Trainee salary at ICICI Prudential Life Insurance in India ranges between ₹4.0 Lakhs to ₹9.6 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 8% less than the average Management Trainee Salary in India. Salary estimates are based on 312 latest salaries received from various employees of ICICI Prudential Life Insurance India.
How does the salary of a Management Trainee at ICICI Prudential Life Insurance India compare with the average salary range for this job?
The average salary of a Management Trainee at ICICI Prudential Life Insurance is 8% less than the average salary of a Management Trainee in India. To know exact salary insights, login to view.
What are the top skills required to work as a Management Trainee at ICICI Prudential Life Insurance?
Accounting, Cost Reduction, Finance, Management Reporting and Back Office are some of the popular skills required to work as a Management Trainee at ICICI Prudential Life Insurance India.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Management Trainee in India?
  • Axis Max Life Insurance Management Trainee Salary - ₹16.0 Lakhs to ₹22.0 Lakhs per year
  • HDFC Ergo General Insurance Management Trainee Salary - ₹6.0 Lakhs to ₹14.8 Lakhs per year
  • Tata AIA Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
  • AXA Management Trainee Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
  • HDFC Life Management Trainee Salary - ₹4.8 Lakhs to ₹15.0 Lakhs per year
What is the salary of a Management Trainee in companies similar to ICICI Prudential Life Insurance in India?
  • Aditya Birla Sun Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
  • SBI General Insurance Management Trainee Salary - ₹8.0 Lakhs to ₹13.0 Lakhs per year
  • ICICI Lombard General Insurance Company Management Trainee Salary - ₹3.5 Lakhs to ₹12.0 Lakhs per year
  • XL Catlin Management Trainee Salary - ₹8.0 Lakhs to ₹9.2 Lakhs per year
  • SBI Life Insurance Company Management Trainee Salary - ₹5.1 Lakhs to ₹10.5 Lakhs per year
What is the estimated take home salary of a Management Trainee at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Management Trainee at ICICI Prudential Life Insurance ranges between ₹51,687 per month to ₹52,905 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Management Trainee salary in India which ranges between ₹4.0 Lakhs to ₹9.6 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?
What is the notice period for Management Trainee at ICICI Prudential Life Insurance?
According to AmbitionBox, 42% of the ICICI Prudential Life Insurance Management Trainees reported a notice period of 1 Month, 32% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 196 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Management Trainee salary in India ranges between ₹4 Lakhs to ₹9.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 312 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.