ICICI Prudential Life Insurance Mumbai Operations Executive Salaries by 10+ Employees

1 - 4 years exp.

₹2.1 Lakhs - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Operations Executive Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Operations Executive Salary 1 - 4 years exp. (5 salaries)	₹2.1 L/yr - ₹3.6 L/yr
BFSI, Investments & Trading Operations Executive Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.2 L/yr
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Finance & Accounting Operations Executive Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.9 L/yr
Product Management Operations Executive Salary 4 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr

Last Updated: 22 Jun 2024

Companies similar to ICICI Prudential Life Insurance for Operations Executive in Mumbai

ICICI Prudential Life Insurance Operations Executive Salary

1 - 4 years exp. (11 salaries)

₹2.1 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Operations Executive Salary 1 - 10 years exp. (34 salaries)	₹1.8 L/yr - ₹5 L/yr 17% more
ICICI Lombard General Insurance Company Operations Executive Salary 1 - 7 years exp. (29 salaries)	₹1 L/yr - ₹4.3 L/yr 1% more
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Tata AIA Life Insurance Operations Executive Salary 3 - 9 years exp. (24 salaries)	₹1.6 L/yr - ₹6.1 L/yr 77% more
HDFC Ergo General Insurance Operations Executive Salary 3 - 8 years exp. (24 salaries)	₹1.8 L/yr - ₹4.1 L/yr 19% more
Axis Max Life Insurance Operations Executive Salary 0 - 8 years exp. (10 salaries)	₹1.2 L/yr - ₹4.3 L/yr 4% more
Kotak Mahindara Life Insurance Operations Executive Salary 1 - 6 years exp. (10 salaries)	₹2.5 L/yr - ₹4.5 L/yr 15% more
HDFC Life Operations Executive Salary 3 - 7 years exp. (5 salaries)	₹2 L/yr - ₹4 L/yr 9% more
Reliance Nippon Life Insurance Operations Executive Salary 1 - 3 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 1% more
PNB MetLife Operations Executive Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.1 L/yr 2% less
SBI Life Insurance Company Operations Executive Salary 6 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr 53% more
Aditya Birla Sun Life Insurance Operations Executive Salary 4 - 7 years exp. (3 salaries)	₹2.4 L/yr - ₹3.8 L/yr 2% less
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Bajaj Allianz Life Insurance Operations Executive Salary 0 - 8 years exp. (3 salaries)	₹2.6 L/yr - ₹3.5 L/yr 14% more	1 job opening

Operations Executive salary at ICICI Prudential Life Insurance ranges between ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 11 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Operations Executive in Mumbai

9mo ago

₹2.5 Lakhs

4 years exp.

9mo ago

₹2.5 Lakhs

2 years exp.

1y ago

₹2.9 Lakhs

3 years exp.

1y ago

₹2.1 Lakhs

1 year exp.

1y ago

₹2.9 Lakhs

2 years exp.

1y ago

4 years exp.

1y ago

4 years exp.

1y ago

4 years exp.

Experience wise ICICI Prudential Life Insurance Operations Executive salaries in Mumbai

Last Updated: 22 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
2 years (3 salaries)	₹2.5 L/yr - ₹3.2 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
4 years (5 salaries)	₹2.4 L/yr - ₹3.6 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

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MIS Executive Salary

(87 salaries)

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Relationship Manager Salary

(45 salaries)

₹2.2 L/yr - ₹7.75 L/yr

Customer Service Executive Salary

(23 salaries)

₹1.55 L/yr - ₹4.8 L/yr

Operations Manager Salary

(6 salaries)

₹3.65 L/yr - ₹6.2 L/yr

Salary related reviews for ICICI Prudential Life Insurance

4.1

Rated by 3 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

Operations Associate in Nashik

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Apr 2021

5.0

for Salary and Benefits

Likes

ICICI Prudential Life Insurance is very Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling.

Salary - Excellent

+6 more

Dislikes

Salary is decent

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

Customer Service Executive in Chandigarh

Customer Success, Service & Operations Department

4.0

• posted on 20 Aug 2020

4.0

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 - Good

+4 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Operations Executive Salary FAQs

What is the salary of Operations Executive at ICICI Prudential Life Insurance in Mumbai?

The average salary of a Operations Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹2.1 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Operations Executive in Mumbai at ICICI Prudential Life Insurance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Operations Executive 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 10+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Operations Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹19,382 to ₹21,055 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 4 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 10+ 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 Operations Executive in India?

Tata AIA Life Insurance	₹1.6 Lakhs to ₹6.1 Lakhs per year
SBI Life Insurance Company	₹3.5 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance	₹1.8 Lakhs to ₹4.1 Lakhs per year
SBI General Insurance	₹1.8 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹2.5 Lakhs to ₹4.5 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 Operations Executive in companies similar to ICICI Prudential Life Insurance in Mumbai?

The salary of a Operations Executive 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:

Bajaj Allianz Life Insurance	₹2.6 Lakhs to ₹3.5 Lakhs per year
HDFC Life	₹2.0 Lakhs to ₹4.0 Lakhs per year
Axis Max Life Insurance	₹1.2 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company	₹1.0 Lakhs to ₹4.3 Lakhs per year
Reliance Nippon Life Insurance	₹2.5 Lakhs to ₹3.0 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 Operations Executive at ICICI Prudential Life Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.1 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.6 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Operations Executive Salaries in Mumbai

ICICI Prudential Life Insurance Operations Executive salary in Mumbai ranges between ₹2.1 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.