ICICI Prudential Life Insurance Mumbai Manager M1 Salaries by 20+ Employees (Updated 2025)

1 - 11 years exp.

₹6 Lakhs - ₹9.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average Manager M1 Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations Manager M1 Salary 1 - 10 years exp. (7 salaries)	₹6 L/yr - ₹7.9 L/yr
Finance & Accounting Manager M1 Salary 2 - 4 years exp. (5 salaries)	₹6.3 L/yr - ₹9.5 L/yr
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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 - ₹7.5 L/yr
Data Science & Analytics Manager M1 Salary 10 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹7.4 L/yr

Last Updated: 1 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Manager M1 in Mumbai

ICICI Prudential Life Insurance Manager M1 Salary

1 - 11 years exp. (25 salaries)

₹6 L/yr - ₹9.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Manager M1 Salary 5 - 15 years exp. (9 salaries)	₹8.5 L/yr - ₹14 L/yr 40% more
Aditya Birla Sun Life Insurance Manager M1 Salary 6 - 14 years exp. (4 salaries)	₹8.4 L/yr - ₹9.3 L/yr 15% more
Login to view exact salary
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 13% less
SBI Life Insurance Company Manager M1 Salary 3 - 17 years exp. (3 salaries)	₹8.6 L/yr - ₹11.6 L/yr 38% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (507 salaries)	₹4.5 L/yr - ₹17.3 L/yr 43% more

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 11 years. Salary estimates are based on 25 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Manager M1 in Mumbai

1mo ago

₹7.5 Lakhs

5 years exp.

1mo ago

₹7 Lakhs

1 year exp.

4mo ago

₹6.3 Lakhs

3 years exp.

5mo ago

₹9.5 Lakhs

4 years exp.

7mo ago

₹7.4 Lakhs

10 years exp.

8mo ago

3 years exp.

9mo ago

2 years exp.

9mo ago

2 years exp.

10mo ago

4 years exp.

1y ago

2 years exp.

Experience wise ICICI Prudential Life Insurance Manager M1 salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (6 salaries)	₹6.5 L/yr - ₹7.7 L/yr
2 years (4 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 (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
5 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.8 L/yr
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
9 years (3 salaries)	₹6.9 L/yr - ₹8.8 L/yr
10 years (3 salaries)	₹6 L/yr - ₹13.6 L/yr
11 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Area Manager Salary

(50 salaries)

₹7 L/yr - ₹12 L/yr

Branch Manager Salary

(46 salaries)

₹9.8 L/yr - ₹17.5 L/yr

Deputy Manager Salary

(9 salaries)

₹3.75 L/yr - ₹8 L/yr

Cluster Manager Salary

(5 salaries)

₹6.5 L/yr - ₹13.5 L/yr

Team Manager Salary

(4 salaries)

₹4.95 L/yr - ₹15.6 L/yr

Project Manager Salary

(3 salaries)

₹6 L/yr - ₹8.3 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.1

Rated by 4 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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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ICICI Prudential Life Insurance Manager M1 Salary FAQs

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

The average salary of a Manager M1 at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹6.0 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Manager M1 in Mumbai at ICICI Prudential Life Insurance earn more than ₹8.8 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 20+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Manager M1 at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹56,488 to ₹57,905 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 11 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 20+ 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?

ICICI Bank	₹4.5 Lakhs to ₹17.3 Lakhs per year
HDFC Ergo General Insurance	₹8.5 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company	₹8.6 Lakhs to ₹11.6 Lakhs per year
Aditya Birla Sun Life Insurance	₹8.4 Lakhs to ₹9.3 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 Mumbai?

The salary of a Manager M1 at companies similar to ICICI Prudential Life Insurance in Mumbai 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

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 Mumbai?

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

Experience	Average Salary Range
1 year	₹6.5 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	₹6.9 Lakhs to ₹8.8 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Manager M1 Salaries in Mumbai

ICICI Prudential Life Insurance Manager M1 salary in Mumbai ranges between ₹6 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.