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4.1

based on 6k Reviews

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ICICI Prudential Life Insurance Management Trainee salaries in Mumbai

Annual salary range
0 - 2 years exp.
₹5 Lakhs - ₹9.6 Lakhs
Salary of majority employees
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25% 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 - 1 year exp. (9 salaries)
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₹6 L/yr - ₹9.6 L/yr

Finance & Accounting
Management Trainee Salary
0 - 1 year exp. (6 salaries)
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₹5 L/yr - ₹7.5 L/yr

Marketing & Communication
Management Trainee Salary
0 - 2 years exp. (5 salaries)
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₹5.3 L/yr - ₹6.7 L/yr

Human Resources
Management Trainee Salary
0 - 2 years exp. (4 salaries)
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₹6.8 L/yr - ₹7.5 L/yr

Sales & Business Development
Management Trainee Salary
Fresher (4 salaries)
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₹6.5 L/yr - ₹8 L/yr

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Last Updated: 2 Dec 2024

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

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ICICI Prudential Life Insurance Management Trainee Salary

0 - 2 years exp. (49 salaries)

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₹5 L/yr - ₹9.6 L/yr

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

0 - 3 years exp. (76 salaries)

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₹4.8 L/yr - ₹15 L/yr

arrow icon 39% more
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₹5.3 L/yr - ₹10.5 L/yr

arrow icon 22% more
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Max Life Insurance Management Trainee Salary

2 - 4 years exp. (3 salaries)

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₹20.4 L/yr - ₹22 L/yr

arrow icon 208% more
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₹6.6 L/yr - ₹8 L/yr

arrow icon 8% more
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₹7 L/yr - ₹20 L/yr

arrow icon 104% more
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₹3 L/yr - ₹9 L/yr

arrow icon 40% less
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₹2 L/yr - ₹10 L/yr

arrow icon 8% less
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₹2.8 L/yr - ₹10.4 L/yr

arrow icon 15% more
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₹9 L/yr - ₹15 L/yr

arrow icon 72% more
Management Trainee salary at ICICI Prudential Life Insurance ranges between ₹5 Lakhs to ₹9.6 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 49 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

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Experience wise ICICI Prudential Life Insurance Management Trainee salaries in Mumbai

Last Updated: 2 Dec 2024

Experience Avg Annual Salary
Fresher  (32 salaries)

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₹5.2 L/yr - ₹9.6 L/yr
1 year  (14 salaries)

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₹5 L/yr - ₹7.7 L/yr
2 years  (3 salaries)

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₹5.3 L/yr - ₹7.5 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Associate Salary
(182 salaries)
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₹2.5 L/yr - ₹5.3 L/yr
Deputy Manager Salary
(9 salaries)
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₹3.75 L/yr - ₹8 L/yr
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₹3 L/yr - ₹3.7 L/yr
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₹2.67 L/yr - ₹3.1 L/yr
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₹2 L/yr - ₹3.36 L/yr
Team Lead Salary
(3 salaries)
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₹2.75 L/yr - ₹8.75 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

Salary related reviews for ICICI Prudential Life Insurance

4.7

Rated by 4 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.

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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.

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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

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

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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.

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Marketing & Communication Department

1.0
  •  posted on 26 Mar 2021

2.0
 for  Salary and Benefits

Likes

- Allowances are good. - Salary comes on time.

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

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Engineering - Software & QA Department

5.0
  •  posted on 06 Sep 2019

5.0
 for  Salary and Benefits

Likes

I love the fact that i’m a part of a team that reliable l, high-quality products and has a global client base. As a result i get to interact with high profile people, celebrity and many more thinks to learn Another plus point is that my colleagues and Leadership Team is very much supportive & we work happily in collaboration.!!☺️

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Dislikes

...gative wives so sometime we have to work more than shift timing but it’s okay becouse if we will spend more hours will get more salary.

read 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 Mumbai?
Management Trainee salary at ICICI Prudential Life Insurance in Mumbai ranges between ₹5.0 Lakhs to ₹9.6 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 25% less than the average Management Trainee Salary in India. Salary estimates are based on 49 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.
How does the salary of a Management Trainee at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Management Trainee at ICICI Prudential Life Insurance is 25% less than the average salary of a Management Trainee in Mumbai. 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 Mumbai.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Management Trainee in Mumbai?
  • Max Life Insurance Management Trainee Salary - ₹20.4 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹15.0 Lakhs per year
  • HDFC Life Management Trainee Salary - ₹4.8 Lakhs to ₹15.0 Lakhs per year
  • SBI Life Insurance Company Management Trainee Salary - ₹5.3 Lakhs to ₹10.5 Lakhs per year
What is the salary of a Management Trainee in companies similar to ICICI Prudential Life Insurance in Mumbai?
  • ICICI Lombard General Insurance Company Management Trainee Salary - ₹2.8 Lakhs to ₹10.4 Lakhs per year
  • Bajaj Allianz Life Insurance Management Trainee Salary - ₹6.6 Lakhs to ₹8.0 Lakhs per year
  • Bharti AXA Life Insurance Management Trainee Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
  • Kotak Mahindara Life Insurance Management Trainee Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
What is the estimated take home salary of a Management Trainee at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Management Trainee at ICICI Prudential Life Insurance ranges between ₹52,019 per month to ₹53,244 per month in Mumbai. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Management Trainee salary in India which ranges between ₹5.0 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 in Mumbai?
According to AmbitionBox, 43% of the ICICI Prudential Life Insurance Management Trainees in Mumbai reported a notice period of 2 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Management Trainee salary in Mumbai ranges between ₹5 Lakhs to ₹9.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 49 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.