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ICICI Prudential Life Insurance Senior Executive salaries in Mumbai

Annual salary range
4 - 8 years exp.
₹3 Lakhs - ₹5.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% less than the average Senior Executive Salary in Insurance Companies for 4 - 8 years of experience

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Salaries in different departments

Finance & Accounting
Senior Executive Salary
5 - 7 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.3 L/yr

BFSI, Investments & Trading
Senior Executive Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹5 L/yr

Procurement & Supply Chain
Senior Executive Salary
4 - 8 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Senior Executive Salary
7 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.2 L/yr

Last Updated: 29 May 2024

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

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ICICI Prudential Life Insurance Senior Executive Salary

4 - 8 years exp. (12 salaries)

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₹3 L/yr - ₹5.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.2 L/yr - ₹5.6 L/yr

arrow icon 1% more
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Tata AIA Life Insurance Senior Executive Salary

3 - 11 years exp. (82 salaries)

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₹4 L/yr - ₹12 L/yr

arrow icon 74% more
2 job openings
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PNB MetLife Senior Executive Salary

2 - 9 years exp. (43 salaries)

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₹2.6 L/yr - ₹6.3 L/yr

arrow icon 4% less
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HDFC Life Senior Executive Salary

0 - 10 years exp. (40 salaries)

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₹2.1 L/yr - ₹4.9 L/yr

arrow icon 13% less
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SBI General Insurance Senior Executive Salary

4 - 11 years exp. (28 salaries)

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₹3.1 L/yr - ₹6 L/yr

arrow icon 20% more
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₹2.7 L/yr - ₹6.6 L/yr

arrow icon 11% more
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₹2 L/yr - ₹4.1 L/yr

arrow icon 16% less
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₹3.5 L/yr - ₹5.7 L/yr

arrow icon 16% more
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₹2 L/yr - ₹4.2 L/yr

arrow icon 23% less
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₹2 L/yr - ₹4.5 L/yr

arrow icon 19% less
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₹3.1 L/yr - ₹4.6 L/yr

arrow icon 4% less
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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 14% more
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₹3.6 L/yr - ₹5.4 L/yr

arrow icon 6% less
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₹3 L/yr - ₹3.5 L/yr

arrow icon 21% less
Senior Executive salary at ICICI Prudential Life Insurance ranges between ₹3 Lakhs to ₹5.3 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 12 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

10mo ago
₹5.3 Lakhs
7 years exp.
10mo ago
₹4.5 Lakhs
5 years exp.
11mo ago
₹3.5 Lakhs
5 years exp.
1y ago
₹4 Lakhs
7 years exp.
1y ago
₹5 Lakhs
6 years exp.
1y ago
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4 years exp.

Experience wise ICICI Prudential Life Insurance Senior Executive salaries in Mumbai

Last Updated: 29 May 2024

Experience Avg Annual Salary
4 years  (3 salaries)

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₹3 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
6 years  (3 salaries)

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₹3.7 L/yr - ₹5 L/yr
7 years  (3 salaries)

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₹4 L/yr - ₹5.3 L/yr
8 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Associate Salary
(184 salaries)
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₹2.5 L/yr - ₹5.5 L/yr
Deputy Manager Salary
(9 salaries)
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₹3.75 L/yr - ₹8 L/yr
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₹2 L/yr - ₹3.36 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.8

Rated by 2 employees for salary & benefits

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.

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 08 Feb 2023

1.0
 for  Salary and Benefits

Likes

Salary is decent, but lesser than offered by MNCs and Startups. Good support for freshers.

read more

Dislikes

Management Trainee profile is highly sales oriented, nothing else. You'll be made to travel on a bike, visit multiple people on a daily basis and sell insurance products. The company will promise, but never gives any food/ travel/ fuel reimbursements. The IT infrastructure is pathetic. Laptops given to employee hang a lot and are difficult to work on. The colleagues and peers are average. You would rarely come across people from good management institutes working here. There is no "Real skill" development other than communication skill. The company will train you but only to sell products, nothing else. Work life balance is pathetic, and we're often asked to work on weekends. Leaves are rarely approved. The work culture is aggressive, and manager shout and abuse their subordinates. The HR will not help you either, but only support the manager. The attrition rate is very high among the Front line staff/Business Trainee/ Management Trainee. Almost 70% people leave within 1 year and switch to MNCs/ Startups for better work culture, pay and respect. Everyday it feels like the company is going through a financial crisis. They lack money to maintain basic office infrastructure and spend on employee welfare. No Diwali gifts or office lunches. The company is losing market share to HDFC Life. Except for Term Insurance, all other products are a SCAM. It's not ethical to work here. Sooner or later customer will abuse you for misleading and fraud. Avoid ICICI Prudential. Don't ruin your career.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 19 Jan 2023

1.0
 for  Salary and Benefits

Likes

Job security, Support for freshers

  • Job security - Good
  • +1 more

Dislikes

Low salary, Low increment, Minimal learning, Highly sales oriented job, Abusive managers, Pressure, 6 days a week working, No gifts, No reimbursement, High degree of misselling of products to achieve sales target

read more
  • Salary - Bad
  • +4 more

direct marketing Department

4.0
  •  posted on 08 Aug 2017

4.0
 for  Salary and Benefits

Likes

management of pru exlance nd wonderfully they motivate you extra bonus with salary permotion good for cureer it is a brand and 1 no in insurancec company market

read more
  • Salary - Good
  • +3 more

Dislikes

they never look effort they only see number of business and very stricktly abt it.so it was very rood nd pressurised by company nd your senior manager never help even you hav good lead . if you work with pru you hav to consertrain on you work nver listen just work on you lead achive you target so naver depend on other .

read more
  • Job security - Poor

Marketing & Communication Department

5.0
  •  posted on 16 Jul 2019

5.0
 for  Salary and Benefits

Likes

.... We can improve our product knowledge and skills. Pleasant environment to work. Good salary.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Products are good but a good training must be need for starters.

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ICICI Prudential Life Insurance Senior Executive Salary FAQs

What is the salary of Senior Executive at ICICI Prudential Life Insurance in Mumbai?
The average salary of a Senior Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Senior Executive in Mumbai at ICICI Prudential Life Insurance earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Senior 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 Senior Executive at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Senior Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹30,669 to ₹31,973 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 4 years to 8 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 Senior Executive in India?
Tata AIA Life Insurance ₹4.0 Lakhs to ₹12.0 Lakhs per year
SBI General Insurance ₹3.1 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company ₹3.5 Lakhs to ₹5.7 Lakhs per year
Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹5.5 Lakhs per year
ICICI Lombard General Insurance Company ₹2.7 Lakhs to ₹6.6 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 Senior Executive in companies similar to ICICI Prudential Life Insurance in Mumbai?
The salary of a Senior 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:

HDFC Ergo General Insurance ₹2.2 Lakhs to ₹5.6 Lakhs per year
Star Health & Allied Insurance ₹3.1 Lakhs to ₹4.6 Lakhs per year
PNB MetLife ₹2.6 Lakhs to ₹6.3 Lakhs per year
Kotak Mahindara Life Insurance ₹3.6 Lakhs to ₹5.4 Lakhs per year
HDFC Life ₹2.1 Lakhs to ₹4.9 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 Senior Executive at ICICI Prudential Life Insurance in Mumbai?
The salary growth for a Senior Executive at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Executive in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
4 years ₹3.0 Lakhs to ₹4.2 Lakhs per year
5 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
6 years ₹3.7 Lakhs to ₹5.0 Lakhs per year
7 years ₹4.0 Lakhs to ₹5.3 Lakhs per year
and so on.

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ICICI Prudential Life Insurance Senior Executive salary in Mumbai ranges between ₹3 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.