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ICICI Prudential Life Insurance

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4.1

based on 6.4k Reviews

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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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

Annual salary range
1 - 15 years exp.
₹11 Lakhs - ₹24 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% less than the average Senior Manager 1 Salary in Insurance Companies for 1 - 15 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting
Senior Manager 1 Salary
1 - 14 years exp. (14 salaries)
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₹12.8 L/yr - ₹19.6 L/yr

BFSI, Investments & Trading
Senior Manager 1 Salary
1 - 12 years exp. (11 salaries)
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₹12.5 L/yr - ₹24 L/yr

Strategic & Top Management
Senior Manager 1 Salary
1 - 4 years exp. (9 salaries)
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₹14 L/yr - ₹20.5 L/yr

Marketing & Communication
Senior Manager 1 Salary
2 - 15 years exp. (8 salaries)
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₹13.8 L/yr - ₹20 L/yr

Sales & Business Development
Senior Manager 1 Salary
2 - 5 years exp. (6 salaries)
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₹14 L/yr - ₹17 L/yr

View all

Last Updated: 6 Apr 2025

Companies similar to ICICI Prudential Life Insurance for Senior Manager 1 in Mumbai

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ICICI Prudential Life Insurance Senior Manager 1 Salary

1 - 15 years exp. (69 salaries)
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₹11 L/yr - ₹24 L/yr

vs
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L&T Finance Senior Manager 1 Salary

5 - 11 years exp. (5 salaries)
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₹15 L/yr - ₹19.5 L/yr

arrow icon 5% more
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Axis Bank Senior Manager 1 Salary

13 - 20 years exp. (5 salaries)
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₹12 L/yr - ₹17.1 L/yr

arrow icon 19% less
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Capgemini Senior Manager 1 Salary

15 - 16 years exp. (5 salaries)
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₹28 L/yr - ₹30.2 L/yr

arrow icon 84% more
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Flipkart Senior Manager 1 Salary

4 - 12 years exp. (4 salaries)
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₹31.1 L/yr - ₹34.9 L/yr

arrow icon 89% more
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Jio Senior Manager 1 Salary

15 - 16 years exp. (4 salaries)
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₹15.5 L/yr - ₹20.2 L/yr

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Senior Manager 1 salary at ICICI Prudential Life Insurance ranges between ₹11 Lakhs to ₹24 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 69 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

5d ago
₹17 Lakhs
9 years exp.
1mo ago
₹15.6 Lakhs
15 years exp.
1mo ago
₹14 Lakhs
7 years exp.
1mo ago
₹15 Lakhs
2 years exp.
1mo ago
₹15 Lakhs
15 years exp.
1mo ago
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3 years exp.
2mo ago
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1 year exp.
2mo ago
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6 years exp.
5mo ago
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1 year exp.
6mo ago
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2 years exp.

Experience wise ICICI Prudential Life Insurance Senior Manager 1 salaries in Mumbai

Last Updated: 6 Apr 2025

Experience Avg Annual Salary
1 year  (14 salaries)

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₹14 L/yr - ₹21 L/yr
2 years  (16 salaries)

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₹14 L/yr - ₹24 L/yr
3 years  (11 salaries)

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₹13.8 L/yr - ₹24 L/yr
4 years  (5 salaries)

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₹12.8 L/yr - ₹18 L/yr
5 years  (10 salaries)

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₹13 L/yr - ₹20 L/yr
View all
ICICI Prudential Life Insurance Senior Manager 1 Salary and Career Growth

From

To

Senior Manager 1

₹unlock blur Lakhs/yr

1 - 15 years exp.

Chief Manager

₹unlock blur Lakhs/yr

9 - 22 years exp.

Senior Manager 1 1 - 15 years exp.
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Senior Manager 2 3 - 15 years exp.
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arrow icon 45% hike
    Chief Manager 9 - 22 years exp.
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    arrow icon 14% 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

    Senior Associate Salary
    (183 salaries)
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    ₹2.5 L/yr - ₹5.3 L/yr
    Finance Manager Salary
    (10 salaries)
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    ₹3 L/yr - ₹4.5 L/yr
    Deputy Manager Salary
    (9 salaries)
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    ₹3.75 L/yr - ₹8 L/yr
    Senior Project Manager Salary
    (4 salaries)
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    ₹12 L/yr - ₹16.1 L/yr
    Project Manager Salary
    (3 salaries)
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    ₹6 L/yr - ₹8.3 L/yr

    Salary related reviews for ICICI Prudential Life Insurance

    3.7

    Rated by 5 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.

    read more
    • 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

    read more
    • 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

    read more

    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.

    read more
    • 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.

    read more

    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.

    read more
    • 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.

    read more
    • Skill development - Excellent
      • +4 more

    Dislikes

    Low salary slow growth

    see more salary related reviews

    Discover interview dos and don'ts from real experiences

    Top trending discussions

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    Salary Discussions, Hike & Promotions
    1w (edited)
    an inside sales executive
    Unexpected job policies: stay or switch?
    I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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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 in Mumbai?
    The average salary of a Senior Manager 1 at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹11.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 1 year to 15 years).

    The top 10% of Senior Manager 1 in Mumbai at ICICI Prudential Life Insurance earn more than ₹19.8 Lakhs per year, and the top 1% earn over ₹24.0 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 60+ 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 Mumbai?
    The estimated take-home salary of a Senior Manager 1 at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹1,12,057 to ₹1,15,168 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹24.0 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 60+ 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 Manager 1 in India?
    Flipkart ₹31.1 Lakhs to ₹34.9 Lakhs per year
    Capgemini ₹28.0 Lakhs to ₹30.2 Lakhs per year
    L&T Finance ₹15.0 Lakhs to ₹19.5 Lakhs per year
    Jio ₹15.5 Lakhs to ₹20.2 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 Manager 1 in companies similar to ICICI Prudential Life Insurance in Mumbai?
    The salary of a Senior Manager 1 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:

    Axis Bank ₹12.0 Lakhs to ₹17.1 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 Mumbai?
    The salary growth for a Senior Manager 1 at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Manager 1 in Mumbai 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 ₹24.0 Lakhs per year
    3 years ₹13.8 Lakhs to ₹24.0 Lakhs per year
    4 years ₹12.8 Lakhs to ₹18.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    ICICI Prudential Life Insurance Senior Manager 1 salary in Mumbai ranges between ₹11 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 69 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.