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

1 - 11 years exp.

₹6 Lakhs - ₹9.5 Lakhs

Salary of majority employees

31% 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: 6 Feb 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
SBI Life Insurance Company Manager M1 Salary 3 - 17 years exp. (3 salaries)	₹8.6 L/yr - ₹11.6 L/yr 38% more
HDFC Ergo General Insurance Manager M1 Salary 5 - 15 years exp. (9 salaries)	₹8.5 L/yr - ₹14 L/yr 40% 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 15% more
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 13% less
ICICI Bank Manager M1 Salary 1 - 17 years exp. (502 salaries)	₹4.5 L/yr - ₹15 L/yr 40% 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.

Experience wise ICICI Prudential Life Insurance Manager M1 salaries in Mumbai

Last Updated: 6 Feb 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
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3 years (4 salaries)	₹6.3 L/yr - ₹9.5 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
5 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹13.7 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 L/yr - ₹13.7 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)	₹3 L/yr - ₹7.8 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Branch Manager Salary

(51 salaries)

₹6.06 L/yr - ₹18 L/yr

Area Manager Salary

(46 salaries)

₹7 L/yr - ₹12 L/yr

Deputy Manager Salary

(9 salaries)

₹3.75 L/yr - ₹8 L/yr

Project Manager Salary

(6 salaries)

₹2.8 L/yr - ₹8.3 L/yr

Team Manager Salary

(5 salaries)

₹4.95 L/yr - ₹15.6 L/yr

Cluster Manager Salary

(5 salaries)

₹6.5 L/yr - ₹13.5 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

see more salary related reviews

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Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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ICICI Prudential Life Insurance Manager M1 Salary FAQs

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

Manager M1 salary at ICICI Prudential Life Insurance in Mumbai ranges between ₹6.0 Lakhs to ₹9.5 Lakhs for experience between 1 years to 11 years. According to our estimates it is 31% less than the average Manager M1 Salary in India. Salary estimates are based on 25 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.

How does the salary of a Manager M1 at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Manager M1 at ICICI Prudential Life Insurance is 31% less than the average salary of a Manager M1 in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Prudential Life Insurance to a Manager M1 in Mumbai?

HDFC Ergo General Insurance Manager M1 Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
SBI Life Insurance Company Manager M1 Salary - ₹8.6 Lakhs to ₹11.6 Lakhs per year
Aditya Birla Sun Life Insurance Manager M1 Salary - ₹8.4 Lakhs to ₹9.3 Lakhs per year

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

ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year

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 ranges between ₹56,489 per month to ₹57,907 per month in Mumbai. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Manager M1 salary in India which ranges between ₹6.0 Lakhs to ₹9.5 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at ICICI Prudential Life Insurance in Mumbai?

According to AmbitionBox, 78% of the ICICI Prudential Life Insurance Manager M1s in Mumbai reported a notice period of 2 Months, 13% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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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.

ICICI Prudential Life Insurance Manager M1 salaries in Mumbai

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

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

Experience wise ICICI Prudential Life Insurance Manager M1 salaries in Mumbai

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.