ICICI Prudential Life Insurance Manager M1 Salaries by 30+ Employees (Updated 2025)

1 - 12 years exp.

₹6 Lakhs - ₹9.5 Lakhs

Salary of majority employees

36% less than the average Manager M1 Salary in Insurance Companies for 1 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Manager M1 Salary 1 - 12 years exp. (11 salaries)	₹6 L/yr - ₹9.5 L/yr
Finance & Accounting Manager M1 Salary 2 - 4 years exp. (5 salaries)	₹6.3 L/yr - ₹9.5 L/yr
Login to view exact salary
Data Science & Analytics Manager M1 Salary 1 - 10 years exp. (3 salaries)	₹6.2 L/yr - ₹8.3 L/yr
BFSI, Investments & Trading Manager M1 Salary 1 - 11 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.8 L/yr
Healthcare & Life Sciences Manager M1 Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹7.4 L/yr

Last Updated: 1 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Manager M1 Salary 5 - 15 years exp. (32 salaries)	₹5 L/yr - ₹14 L/yr 12% more
SBI Life Insurance Company Manager M1 Salary 2 - 17 years exp. (6 salaries)	₹8.4 L/yr - ₹11.6 L/yr 27% more
Login to view exact salary
Aditya Birla Sun Life Insurance Manager M1 Salary 6 - 14 years exp. (4 salaries)	₹8.4 L/yr - ₹9.3 L/yr 17% more
Kotak Mahindra General Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.9 L/yr - ₹7 L/yr 20% less
Kotak Mahindara Life Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.8 L/yr - ₹4.3 L/yr 43% less
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 11% less

Manager M1 salary at ICICI Prudential Life Insurance ranges between ₹6 Lakhs to ₹9.5 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 33 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Manager M1 salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (8 salaries)	₹6.2 L/yr - ₹7.7 L/yr
2 years (5 salaries)	₹6 L/yr - ₹8.6 L/yr
Login to view exact salary
3 years (4 salaries)	₹6.3 L/yr - ₹9.5 L/yr
4 years (3 salaries)	₹3 L/yr - ₹9.5 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.5 L/yr
7 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.4 L/yr
9 years (3 salaries)	₹6.9 L/yr - ₹8.8 L/yr
10 years (3 salaries)	₹6 L/yr - ₹7.4 L/yr
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)	₹3 L/yr - ₹8 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Team Manager Salary

(12 salaries)

₹3.75 L/yr - ₹9.59 L/yr

Area Manager Salary

(373 salaries)

₹5.8 L/yr - ₹13.2 L/yr

Store Manager Salary

(3 salaries)

₹3 L/yr - ₹11 L/yr

Team Lead Salary

(23 salaries)

₹1.5 L/yr - ₹8.75 L/yr

Branch Manager Salary

(371 salaries)

₹6.25 L/yr - ₹18.75 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

Program Manager Salary

(3 salaries)

₹6.5 L/yr - ₹18 L/yr

Project Manager Salary

(33 salaries)

₹2.8 L/yr - ₹11.62 L/yr

Cluster Manager Salary

(33 salaries)

₹6.05 L/yr - ₹13.6 L/yr

Service Manager Salary

(30 salaries)

₹2.2 L/yr - ₹4 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.2

Rated by 7 employees for salary & benefits

Service Manager in Jaipur

Full Time

Sales & Business Development Department

3.0

• posted on 05 Apr 2021

2.0

for Salary and Benefits

Likes

Work environment is good, colleagues always help to others, company policies are good

Company culture - Good

Dislikes

Confusing policies management dosen't help in resolving the issues, good salary but incentive criteria is not fix, senior managers always pressurize you for work even you performance more than better. New appointees always face struggle for training

Salary - Poor

+4 more

Relationship Manager in Saharsa

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.

Salary - Excellent

+6 more

Relationship Manager in Mumbai

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

Salary - Poor

+4 more

Team Lead in Indore

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.!!☺️

Salary - Excellent

+6 more

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.

Business Development Manager in Sambalpur

Agency Sales Department

3.0

• posted on 08 Aug 2020

4.0

for Salary and Benefits

Likes

Salary is ok, training is provided on the regular basis. Bonus and increaments are good.

Salary - Good

+1 more

Dislikes

Internal politics in management and higher posts, superior treats like a dog. Very bad and abusive language is used on the bad days. Little to no patience is there in the upper management.

Promotions - Poor

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about ICICI Prudential Life Insurance?

Ask anonymously on communities.

ICICI Prudential Life Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at ICICI Prudential Life Insurance ?

The average salary of a Manager M1 at ICICI Prudential Life Insurance in India typically ranges from ₹6.0 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Manager M1 at ICICI Prudential Life Insurance earn more than ₹9.1 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Manager M1 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 30+ ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Manager M1 at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Manager M1 at ICICI Prudential Life Insurance in India typically ranges from ₹55,475 to ₹56,864 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 1 year to 12 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 30+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Prudential Life Insurance for Manager M1 in India?

SBI Life Insurance Company	₹8.4 Lakhs to ₹11.6 Lakhs per year
Aditya Birla Sun Life Insurance	₹8.4 Lakhs to ₹9.3 Lakhs per year
HDFC Ergo General Insurance	₹5.0 Lakhs to ₹14.0 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.

What is the salary of a Manager M1 in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Manager M1 at companies similar to ICICI Prudential Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company	₹6.5 Lakhs to ₹6.7 Lakhs per year
Kotak Mahindra General Insurance	₹3.9 Lakhs to ₹7.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.8 Lakhs to ₹4.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Manager M1 at ICICI Prudential Life Insurance in India?

The salary growth for a Manager M1 at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
1 year	₹6.2 Lakhs to ₹7.7 Lakhs per year
2 years	₹6.0 Lakhs to ₹8.6 Lakhs per year
3 years	₹6.3 Lakhs to ₹9.5 Lakhs per year
4 years	₹3.0 Lakhs to ₹9.5 Lakhs per year

and so on.

Tell us how to improve this page.

ICICI Prudential Life Insurance Manager M1 Salaries by Location

Home >
Salaries >
ICICI Prudential Life Insurance Salaries >
ICICI Prudential Life Insurance Manager M1 Salaries

ICICI Prudential Life Insurance Manager M1 salary in India ranges between ₹6 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Manager M1 salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Manager M1

Latest annual salaries shared by ICICI Prudential Life Insurance Manager M1

Experience wise ICICI Prudential Life Insurance Manager M1 salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Service Manager in Jaipur

Relationship Manager in Saharsa

Relationship Manager in Mumbai

Team Lead in Indore

Business Development Manager in Sambalpur

ICICI Prudential Life Insurance Manager M1 Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Manager M1 Salaries by Location