ICICI Prudential Life Insurance Medical Underwriter Salaries by 40+ Employees (Updated 2025)

1 - 3 years exp.

₹3 Lakhs - ₹9 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% more than the average Medical Underwriter Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Medical Underwriter Salary 1 - 3 years exp. (9 salaries)	₹3 L/yr - ₹6 L/yr
Healthcare & Life Sciences Medical Underwriter Salary 1 - 3 years exp. (7 salaries)	₹3 L/yr - ₹7.5 L/yr
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Risk Management & Compliance Medical Underwriter Salary 1 - 2 years exp. (3 salaries)	₹3.9 L/yr - ₹6 L/yr
Research & Development Medical Underwriter Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹5.8 L/yr

Last Updated: 17 Feb 2025

Companies similar to ICICI Prudential Life Insurance for Medical Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Life Medical Underwriter Salary 1 - 9 years exp. (19 salaries)	₹2.5 L/yr - ₹7.8 L/yr 9% less
Axis Max Life Insurance Medical Underwriter Salary 3 - 12 years exp. (13 salaries)	₹3.2 L/yr - ₹12.8 L/yr 28% more
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HDFC Ergo General Insurance Medical Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹6.1 L/yr 21% less
PNB MetLife Medical Underwriter Salary 1 - 14 years exp. (10 salaries)	₹4.3 L/yr - ₹13 L/yr 42% more
Tata AIA Life Insurance Medical Underwriter Salary 2 - 4 years exp. (8 salaries)	₹4.3 L/yr - ₹8.2 L/yr 26% more
Bajaj Allianz Life Insurance Medical Underwriter Salary 1 - 7 years exp. (8 salaries)	₹3 L/yr - ₹8.5 L/yr 3% more
Kotak Mahindara Life Insurance Medical Underwriter Salary 0 - 2 years exp. (6 salaries)	₹5.2 L/yr - ₹8 L/yr 6% more
Star Health & Allied Insurance Medical Underwriter Salary 1 - 5 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 30% less
SBI Life Insurance Company Medical Underwriter Salary 1 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 24% less
Shriram Life Insurance Medical Underwriter Salary 2 - 4 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 11% less
Aditya Birla Sun Life Insurance Medical Underwriter Salary 1 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹5.8 L/yr 17% less
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Medical Underwriter salary at ICICI Prudential Life Insurance ranges between ₹3 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 44 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Medical Underwriter

3w ago

₹6 Lakhs

2 years exp.

1mo ago

₹5.9 Lakhs

3 years exp.

1mo ago

₹5.3 Lakhs

1 year exp.

2mo ago

₹4.4 Lakhs

2 years exp.

2mo ago

₹5.7 Lakhs

2 years exp.

3mo ago

2 years exp.

3mo ago

2 years exp.

3mo ago

1 year exp.

3mo ago

3 years exp.

4mo ago

3 years exp.

Experience wise ICICI Prudential Life Insurance Medical Underwriter salaries

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
1 year (16 salaries)	₹3 L/yr - ₹6 L/yr
2 years (22 salaries)	₹3 L/yr - ₹8 L/yr
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3 years (6 salaries)	₹5 L/yr - ₹9 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Medical Writer Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Senior Associate Salary

(303 salaries)

₹2.4 L/yr - ₹5.3 L/yr

Team Lead Salary

(21 salaries)

₹1.5 L/yr - ₹6.3 L/yr

Research Associate Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Data Analyst Salary

(13 salaries)

₹2.5 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

Officer Salary

(5 salaries)

₹3 L/yr - ₹3.87 L/yr

Quality Analyst Salary

(5 salaries)

₹3.8 L/yr - ₹4.2 L/yr

Document Controller Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Salary related reviews for ICICI Prudential Life Insurance

4.5

Rated by 8 employees for salary & benefits

Senior Associate in Mumbai

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.

Skill development - Bad

+5 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.

Senior Financial Service Manager in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2025

5.0

for Salary and Benefits

Likes

The work-life balance here is good, and the salary and promotions are also rewarding. This makes ICICI Prudential Life the best company for us.

Salary - Excellent

+6 more

Dislikes

There is nothing that would make us say we dislike ICICI Prudential LIC LTD...

Financial Service Consultant in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jan 2025

3.0

for Salary and Benefits

Likes

Icici prudential is basically good company .It gives good salary for freshers.

Dislikes

Company wise icici is very good. But salem branch is very worst for managers support There is a lots of politics.seniors not help for juniors especially ANAND (ARM) PSF channel is help to senior only. Anand give only 6month time for begineers .After 6 months They don't give a business he compale for the separation . HR wise no action for anand.

Skill development - Bad

+3 more

Agency Manager in Goa

Full Time

Marketing & Communication Department

5.0

• posted on 07 Jan 2025

3.0

for Salary and Benefits

Likes

...d job security, and offers valuable learning opportunities to enhance my skills. While the salary is on the lower side and growth feels slow, the stable environment and focus on employee development make it a worthwhile place to work.

Skill development - Excellent

+4 more

Dislikes

Low salary slow growth

see more salary related reviews

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Prudential Life Insurance Medical Underwriter Salary FAQs

What is the salary of Medical Underwriter at ICICI Prudential Life Insurance ?

The average salary of a Medical Underwriter at ICICI Prudential Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Medical Underwriter at ICICI Prudential Life Insurance earn more than ₹7.1 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Medical Underwriter 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 40+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Medical Underwriter at ICICI Prudential Life Insurance in India typically ranges from ₹42,277 to ₹43,409 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 40+ 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 Medical Underwriter in India?

PNB MetLife	₹4.3 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance	₹3.2 Lakhs to ₹12.8 Lakhs per year
Tata AIA Life Insurance	₹4.3 Lakhs to ₹8.2 Lakhs per year
Kotak Mahindara Life Insurance	₹5.2 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹8.5 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 Medical Underwriter in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Medical Underwriter 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:

HDFC Life	₹2.5 Lakhs to ₹7.8 Lakhs per year
Shriram Life Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.5 Lakhs to ₹5.8 Lakhs per year
HDFC Ergo General Insurance	₹3.0 Lakhs to ₹6.1 Lakhs per year
SBI Life Insurance Company	₹3.5 Lakhs to ₹5.0 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 Medical Underwriter at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹3.0 Lakhs to ₹6.0 Lakhs per year
2 years	₹3.0 Lakhs to ₹8.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹9.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Medical Underwriter Salaries by Location

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ICICI Prudential Life Insurance Medical Underwriter Salaries

ICICI Prudential Life Insurance Medical Underwriter salary in India ranges between ₹3 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 44 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Medical Underwriter salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Medical Underwriter

Latest annual salaries shared by ICICI Prudential Life Insurance Medical Underwriter

Experience wise ICICI Prudential Life Insurance Medical Underwriter salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Senior Associate in Mumbai

Team Lead in Indore

Senior Financial Service Manager in Lucknow

Financial Service Consultant in Salem

Agency Manager in Goa

ICICI Prudential Life Insurance Medical Underwriter Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Medical Underwriter Salaries by Location