ICICI Prudential Life Insurance Senior Manager 1 Salaries by 100+ Employees (Updated 2025)

1 - 15 years exp.

₹11 Lakhs - ₹23 Lakhs

Avg. annual salary

Monthly In-hand Salary

25% less than the average Senior Manager 1 Salary in Insurance Companies for 1 - 15 years of experience

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Salaries in different departments

Sales & Business Development Senior Manager 1 Salary 1 - 6 years exp. (20 salaries)	₹12.9 L/yr - ₹21.8 L/yr
Finance & Accounting Senior Manager 1 Salary 1 - 14 years exp. (16 salaries)	₹12.8 L/yr - ₹23 L/yr
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BFSI, Investments & Trading Senior Manager 1 Salary 1 - 12 years exp. (13 salaries)	₹12.3 L/yr - ₹20 L/yr
Strategic & Top Management Senior Manager 1 Salary 1 - 8 years exp. (12 salaries)	₹14 L/yr - ₹20.5 L/yr
Marketing & Communication Senior Manager 1 Salary 2 - 15 years exp. (11 salaries)	₹12.3 L/yr - ₹20 L/yr

View all

Last Updated: 12 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Senior Manager 1

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Senior Manager 1 Salary 5 - 17 years exp. (5 salaries)	₹4.5 L/yr - ₹15 L/yr 46% less
ICICI Lombard General Insurance Company Senior Manager 1 Salary 8 - 13 years exp. (5 salaries)	₹7.2 L/yr - ₹9.5 L/yr 47% less
Login to view exact salary
Kotak Mahindara Life Insurance Senior Manager 1 Salary 6 - 12 years exp. (4 salaries)	₹4.9 L/yr - ₹6.9 L/yr 65% less
Aditya Birla Sun Life Insurance Senior Manager 1 Salary 3 - 9 years exp. (3 salaries)	₹3.4 L/yr - ₹6.8 L/yr 73% less
HDFC Ergo General Insurance Senior Manager 1 Salary 13 - 14 years exp. (3 salaries)	₹10 L/yr - ₹11 L/yr 36% less

Senior Manager 1 salary at ICICI Prudential Life Insurance ranges between ₹11 Lakhs to ₹23 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 107 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Senior Manager 1

3d ago

₹15.6 Lakhs

15 years exp.

1w ago

₹14 Lakhs

7 years exp.

1w ago

₹15 Lakhs

2 years exp.

2w ago

₹16.8 Lakhs

14 years exp.

3w ago

₹15 Lakhs

15 years exp.

1mo ago

3 years exp.

1mo ago

2 years exp.

1mo ago

1 year exp.

1mo ago

6 years exp.

1mo ago

1 year exp.

Experience wise ICICI Prudential Life Insurance Senior Manager 1 salaries

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
1 year (22 salaries)	₹14 L/yr - ₹21 L/yr
2 years (22 salaries)	₹14 L/yr - ₹23 L/yr
Login to view exact salary
3 years (14 salaries)	₹12.9 L/yr - ₹19 L/yr
4 years (13 salaries)	₹12.8 L/yr - ₹21.8 L/yr
5 years (13 salaries)	₹13 L/yr - ₹20 L/yr
6 years (5 salaries)	₹15.1 L/yr - ₹18.6 L/yr
7 years (4 salaries)	₹12.3 L/yr - ₹20.8 L/yr
8 years (AmbitionBox Estimate)	₹16.5 L/yr - ₹18.3 L/yr
9 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹29.7 L/yr
10 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
11 years (AmbitionBox Estimate)	₹11 L/yr - ₹29.3 L/yr
12 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹29.1 L/yr
13 years (AmbitionBox Estimate)	₹15.9 L/yr - ₹29 L/yr
14 years (4 salaries)	₹12.3 L/yr - ₹16.8 L/yr
15+ years (4 salaries)	₹12.8 L/yr - ₹18 L/yr

View all

From

Senior Manager 1

₹

Lakhs/yr

1 - 15 years exp.

Chief Manager

₹

Lakhs/yr

9 - 22 years exp.

Senior Manager 1 1 - 15 years exp.

Senior Manager 2 3 - 15 years exp.

46% hike

Chief Manager 9 - 22 years exp.

15% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Prudential Life Insurance

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Technical Manager Salary

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₹26.1 L/yr - ₹33.3 L/yr

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Senior Associate Salary

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₹12 L/yr - ₹16.1 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.8

Rated by 7 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

Associate Consultant in New Delhi

Bancaasurance Department

3.0

• posted on 05 Apr 2019

3.0

for Salary and Benefits

Likes

icici is itself a brand and it has its own value the best thing about icici that the customer satisfaction is the best one and the products services or any issue regarding anything can be solved easily

Job security - Good

+1 more

Dislikes

Not satisfactory compensation and the career growth is very slow because insurance is a prosuct that 90% people dnt understand or dnt buy or miss guided by their friends and the last one thing is leaves are given very few

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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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 Senior Manager 1 Salary FAQs

What is the salary of Senior Manager 1 at ICICI Prudential Life Insurance ?

The average salary of a Senior Manager 1 at ICICI Prudential Life Insurance in India typically ranges from ₹11.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 1 year to 15 years).

The top 10% of Senior Manager 1 at ICICI Prudential Life Insurance earn more than ₹19.6 Lakhs per year, and the top 1% earn over ₹22.3 Lakhs per year. Senior Manager 1 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 100+ ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Senior Manager 1 at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Senior Manager 1 at ICICI Prudential Life Insurance in India typically ranges from ₹1,12,908 to ₹1,16,047 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 1 year to 15 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 100+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Senior Manager 1 in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Senior Manager 1 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 Ergo General Insurance	₹10.0 Lakhs to ₹11.0 Lakhs per year
Axis Max Life Insurance	₹4.5 Lakhs to ₹15.0 Lakhs per year
ICICI Lombard General Insurance Company	₹7.2 Lakhs to ₹9.5 Lakhs per year
Kotak Mahindara Life Insurance	₹4.9 Lakhs to ₹6.9 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.4 Lakhs to ₹6.8 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 Manager 1 at ICICI Prudential Life Insurance in India?

The salary growth for a Senior Manager 1 at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Manager 1 can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
1 year	₹14.0 Lakhs to ₹21.0 Lakhs per year
2 years	₹14.0 Lakhs to ₹23.0 Lakhs per year
3 years	₹12.9 Lakhs to ₹19.0 Lakhs per year
4 years	₹12.8 Lakhs to ₹21.8 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Senior Manager 1 Salaries by Location

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ICICI Prudential Life Insurance Senior Manager 1 Salaries

ICICI Prudential Life Insurance Senior Manager 1 salary in India ranges between ₹11 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 107 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Senior Manager 1 salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Senior Manager 1

Latest annual salaries shared by ICICI Prudential Life Insurance Senior Manager 1

Experience wise ICICI Prudential Life Insurance Senior Manager 1 salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Senior Associate in Mumbai

Associate Consultant in New Delhi

Senior Financial Service Manager in Lucknow

Financial Service Consultant in Salem

Agency Manager in Goa

ICICI Prudential Life Insurance Senior Manager 1 Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Senior Manager 1 Salaries by Location