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

0 - 6 years exp.

₹6.3 Lakhs - ₹19 Lakhs

Salary of majority employees

29% less than the average Product Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Product Management Product Manager Salary 0 - 6 years exp. (19 salaries)	₹6.7 L/yr - ₹19 L/yr
Data Science & Analytics Product Manager Salary 2 - 6 years exp. (AmbitionBox Estimate)	₹6.9 L/yr - ₹13.3 L/yr
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Marketing & Communication Product Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹16.2 L/yr

Last Updated: 19 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (240 salaries)	₹6 L/yr - ₹22.9 L/yr 12% less
HDFC Life Product Manager Salary 2 - 8 years exp. (77 salaries)	₹7.5 L/yr - ₹20 L/yr 13% less
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Axis Max Life Insurance Product Manager Salary 2 - 9 years exp. (27 salaries)	₹7.2 L/yr - ₹30 L/yr 10% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (26 salaries)	₹7.9 L/yr - ₹31 L/yr 26% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (20 salaries)	₹13 L/yr - ₹19 L/yr 1% more
Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (16 salaries)	₹13 L/yr - ₹30.5 L/yr 14% more	1 job opening
SBI Life Insurance Company Product Manager Salary 2 - 9 years exp. (15 salaries)	₹7.8 L/yr - ₹14.5 L/yr 26% less
Bajaj Allianz Life Insurance Product Manager Salary 0 - 13 years exp. (13 salaries)	₹8 L/yr - ₹30 L/yr 17% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 L/yr 18% more
Reliance Nippon Life Insurance Product Manager Salary 3 - 7 years exp. (7 salaries)	₹6 L/yr - ₹15 L/yr 20% less
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 2% more
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PNB MetLife Product Manager Salary 2 - 8 years exp. (4 salaries)	₹14.5 L/yr - ₹25 L/yr 27% more
SBI General Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹15.5 L/yr 27% less
Kotak Mahindra General Insurance Product Manager Salary 4 - 8 years exp. (3 salaries)	₹7.2 L/yr - ₹21 L/yr 13% less

Product Manager salary at ICICI Prudential Life Insurance ranges between ₹6.3 Lakhs to ₹19 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 35 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Product Manager salaries

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹5.8 L/yr - ₹17 L/yr
1 year (9 salaries)	₹9 L/yr - ₹17 L/yr
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2 years (8 salaries)	₹6.3 L/yr - ₹18 L/yr
3 years (7 salaries)	₹8.7 L/yr - ₹18 L/yr
4 years (4 salaries)	₹11 L/yr - ₹19 L/yr
5 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
6 years (4 salaries)	₹11.2 L/yr - ₹16.8 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Project Manager Salary

(33 salaries)

₹2.8 L/yr - ₹11.62 L/yr

Product Owner Salary

(4 salaries)

₹14.6 L/yr - ₹15.6 L/yr

Program Manager Salary

(3 salaries)

₹6.5 L/yr - ₹18 L/yr

Group Product Manager Salary

(AmbitionBox Estimate)

₹9.2 L/yr - ₹11.7 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

Senior Product Manager Salary

(12 salaries)

₹14.5 L/yr - ₹31 L/yr

Digital Product Manager Salary

(5 salaries)

₹16.65 L/yr - ₹17 L/yr

Scrum Master Salary

(AmbitionBox Estimate)

₹10 L/yr - ₹12.8 L/yr

Senior Project Manager Salary

(5 salaries)

₹12 L/yr - ₹16.1 L/yr

Assistant Product Manager Salary

(AmbitionBox Estimate)

₹7.1 L/yr - ₹9.1 L/yr

Top skills at ICICI Prudential Life Insurance for Product Manager

Filing Innovation Product Launch Category Management Interpersonal Skills Communication Skills Excel New Product Development IRDA Powerpoint Competition Mapping MS Office Web Services Process Development Management

Salary related reviews for ICICI Prudential Life Insurance

3.1

Rated by 4 employees for salary & benefits

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

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

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

Unit Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 04 Dec 2024

4.0

for Salary and Benefits

Likes

...own brand so it's easy to deal with clients. 2nd competitively amazing products. 3rd salary payouts are always on time. 4th presure for growth is remarkably high.

Salary - Good

+1 more

Dislikes

1st Very High Sales Pressure!! 2nd incentives playmates are very delayed. 3rd less work-life balance, sometimes you have to attend meetings on Sunday & have meet client on weekends also. 4th you have to be lucky enough to get a supportive BM & RM. Otherwise you'll end up resigning with in 6-12 mouth. 5th if you have hard-core sales mindset & have good networking skills then you could stay at ipru & grow. Otherwise you'll get Frustrated very soon.

see more salary related reviews

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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

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ICICI Prudential Life Insurance Product Manager Salary FAQs

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

The average salary of a Product Manager at ICICI Prudential Life Insurance in India typically ranges from ₹6.3 Lakhs to ₹19.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Product Manager at ICICI Prudential Life Insurance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Product Manager 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 Product Manager at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Product Manager at ICICI Prudential Life Insurance in India typically ranges from ₹1,05,628 to ₹1,08,531 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from Fresher to 6 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.

What are the key skills required to be a Product Manager at ICICI Prudential Life Insurance ?

To be a Product Manager at ICICI Prudential Life Insurance in india, the key skills required include:

- Filing
- Innovation
- Product Launch
- Category Management
- Interpersonal Skills

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.

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

PNB MetLife	₹14.5 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹7.9 Lakhs to ₹31.0 Lakhs per year
Tata AIA Life Insurance	₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance	₹8.0 Lakhs to ₹30.0 Lakhs per year
Star Health & Allied Insurance	₹13.0 Lakhs to ₹30.5 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 Product Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Product Manager 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:

Axis Max Life Insurance	₹7.2 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹10.0 Lakhs to ₹16.0 Lakhs per year
HDFC Ergo General Insurance	₹13.0 Lakhs to ₹19.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.0 Lakhs to ₹22.9 Lakhs per year
Kotak Mahindra General Insurance	₹7.2 Lakhs to ₹21.0 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 Product Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹5.8 Lakhs to ₹17.0 Lakhs per year
1 year	₹9.0 Lakhs to ₹17.0 Lakhs per year
2 years	₹6.3 Lakhs to ₹18.0 Lakhs per year
3 years	₹8.7 Lakhs to ₹18.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Product Manager Salaries

ICICI Prudential Life Insurance Product Manager salary in India ranges between ₹6.3 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

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

Companies similar to ICICI Prudential Life Insurance for Product Manager

Latest annual salaries shared by ICICI Prudential Life Insurance Product Manager

Experience wise ICICI Prudential Life Insurance Product Manager salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Product Manager

Salary related reviews for ICICI Prudential Life Insurance

Senior Financial Service Manager in Lucknow

Financial Service Consultant in Salem

Senior Associate in Mumbai

Agency Manager in Goa

Unit Sales Manager in Kolkata

ICICI Prudential Life Insurance Product Manager Salary FAQs

Tell us how to improve this page.