ICICI Prudential Life Insurance Mumbai Senior Manager Salaries by 200+ Employees (Updated 2025)

0 - 9 years exp.

₹10.7 Lakhs - ₹26.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Senior Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 1 - 9 years exp. (41 salaries)	₹10.7 L/yr - ₹27 L/yr
Strategic & Top Management Senior Manager Salary 1 - 7 years exp. (34 salaries)	₹11.5 L/yr - ₹29 L/yr
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Sales & Business Development Senior Manager Salary 1 - 9 years exp. (24 salaries)	₹7.3 L/yr - ₹20 L/yr
Data Science & Analytics Senior Manager Salary 1 - 9 years exp. (20 salaries)	₹12 L/yr - ₹28.3 L/yr
Finance & Accounting Senior Manager Salary 1 - 8 years exp. (18 salaries)	₹10.7 L/yr - ₹24.3 L/yr

View all

Last Updated: 25 Mar 2025

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

ICICI Prudential Life Insurance Senior Manager Salary

0 - 9 years exp. (285 salaries)

₹10.7 L/yr - ₹26.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (519 salaries)	₹5 L/yr - ₹15.1 L/yr 47% less	3 job openings
HDFC Life Senior Manager Salary 2 - 20 years exp. (364 salaries)	₹7.2 L/yr - ₹26 L/yr 20% less	4 job openings
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Kotak Mahindara Life Insurance Senior Manager Salary 0 - 14 years exp. (282 salaries)	₹4 L/yr - ₹11.9 L/yr 58% less	1 job opening
Tata AIA Life Insurance Senior Manager Salary 8 - 21 years exp. (165 salaries)	₹10.8 L/yr - ₹40 L/yr 36% more	3 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (108 salaries)	₹5.3 L/yr - ₹16 L/yr 43% less
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (101 salaries)	₹7 L/yr - ₹22.6 L/yr 16% less
Aditya Birla Sun Life Insurance Senior Manager Salary 1 - 12 years exp. (44 salaries)	₹5.1 L/yr - ₹20.4 L/yr 34% less
Bajaj Allianz Life Insurance Senior Manager Salary 3 - 18 years exp. (29 salaries)	₹8.8 L/yr - ₹28 L/yr 15% less
SBI General Insurance Senior Manager Salary 5 - 16 years exp. (29 salaries)	₹6.5 L/yr - ₹23.3 L/yr 29% less
PNB MetLife Senior Manager Salary 8 - 16 years exp. (29 salaries)	₹10.7 L/yr - ₹23 L/yr 16% less
Kotak Mahindra General Insurance Senior Manager Salary 6 - 16 years exp. (22 salaries)	₹6.7 L/yr - ₹13 L/yr 47% less
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Axis Max Life Insurance Senior Manager Salary 5 - 16 years exp. (20 salaries)	₹7.5 L/yr - ₹33.5 L/yr 1% more	2 job openings
Aditya Birla Insurance Brokers Senior Manager Salary 5 - 20 years exp. (18 salaries)	₹9.4 L/yr - ₹16.2 L/yr 35% less
SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (15 salaries)	₹7 L/yr - ₹17 L/yr 36% less
Gallagher Senior Manager Salary 10 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹20.7 L/yr 8% less
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 51% less

Senior Manager salary at ICICI Prudential Life Insurance ranges between ₹10.7 Lakhs to ₹26.9 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 285 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

1w ago

₹15.5 Lakhs

1 year exp.

1w ago

₹15.5 Lakhs

1 year exp.

1w ago

₹17.2 Lakhs

1 year exp.

1w ago

₹23.2 Lakhs

4 years exp.

2w ago

₹15 Lakhs

2 years exp.

2w ago

7 years exp.

3w ago

3 years exp.

3w ago

6 years exp.

3w ago

4 years exp.

3w ago

6 years exp.

Experience wise ICICI Prudential Life Insurance Senior Manager salaries in Mumbai

Last Updated: 25 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹16.5 L/yr - ₹21.1 L/yr
1 year (24 salaries)	₹11.8 L/yr - ₹21 L/yr
Login to view exact salary
2 years (48 salaries)	₹10.7 L/yr - ₹24 L/yr
3 years (45 salaries)	₹10.7 L/yr - ₹24 L/yr
4 years (41 salaries)	₹10.9 L/yr - ₹26.5 L/yr
5 years (43 salaries)	₹9.1 L/yr - ₹32.9 L/yr
6 years (28 salaries)	₹11.5 L/yr - ₹29 L/yr
7 years (18 salaries)	₹11.5 L/yr - ₹25.2 L/yr
8 years (22 salaries)	₹11.8 L/yr - ₹28 L/yr
9 years (15 salaries)	₹9.6 L/yr - ₹27 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Sales Manager Salary

(114 salaries)

₹3 L/yr - ₹10 L/yr

Area Manager Salary

(50 salaries)

₹7 L/yr - ₹12 L/yr

Branch Manager Salary

(46 salaries)

₹9.8 L/yr - ₹17.5 L/yr

Regional Manager Salary

(14 salaries)

₹18 L/yr - ₹30 L/yr

Deputy Manager Salary

(9 salaries)

₹3.75 L/yr - ₹8 L/yr

Marketing Manager Salary

(6 salaries)

₹4.4 L/yr - ₹8.62 L/yr

Top skills at ICICI Prudential Life Insurance for Senior Manager

Key Account Management B2B Sales Actuarial Banking Relationship Management

Salary related reviews for ICICI Prudential Life Insurance

3.6

Rated by 41 employees for salary & benefits

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

If you secure good ratings the growth is good in terms of compensation Also if you have good manipulation and negotiation skills you will grow like anything

Salary - Good

+1 more

Dislikes

Slow paced follow up culture. Old-timers are difficult to deal with they do dot cooperate and you have to follow up multiple times to get things moving.

Skill development - Poor

Senior Manager in Prabhadevi

Strategic & Top Management Department

5.0

• posted on 17 Mar 2022

4.0

for Salary and Benefits

Likes

Great company to work for

Salary - Good

+6 more

Dislikes

The one I gave 4 star compensation and as they say you don't get the complete world...so that's one thing... company pays one of the lowest but learning is the best in the IPRU.

Regional Manager in Kolkata

Full Time

Sales & Business Development Department

5.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Job security is good , company culture is also good but it depends on senior, overall company is good can work for long time , HR policy are good , high job security, multiple option and departments for work , IJP ALLOWED

Salary - Good

+6 more

Dislikes

Salary are poor, rating culture kills many many years for performer ..every year you have to get top rating and last top 2 rating are considered for promotion some time people are struggling for 4 to 5 year for promotion in mid management segment.

Area Sales Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Jul 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...relieving & fnf settlement was comunicted verbaly for whch I had ask in writing. But it was asured dt recovery amt ll nt vary & latr thy givn recovery of gross salary which is high. When I not worked then also they added hra, supplementary allowance, statutory bonus in my recovery amt. Firstly If i have not taken any benfits with organization then recovery is not calculated and If the recovery calculated then it is always calculated on monthly basic salary.Rest all are additional benefits given to the employee. But then also ipru charged me recovery of 2month gross salary. As I have to get my reliveing letter so i had paid the recovery. But now I am writing the complaint as I was charged too. Pls help me out for it.

Salary - Bad

+6 more

Sales Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Skill development Salary and benefits

Skill development - Good

+1 more

Dislikes

No dislikes but everything depends on the manager you report and the channel you get in this company. If your in partner handling channel . Your manager will give so much respect and importance to the partner but not you . He will not understand your problem .

Promotions - Poor

+1 more

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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 Salary FAQs

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

The average salary of a Senior Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹10.7 Lakhs to ₹26.9 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Senior Manager in Mumbai at ICICI Prudential Life Insurance earn more than ₹23.2 Lakhs per year, and the top 1% earn over ₹28.6 Lakhs per year. Senior 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 200+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Senior Manager at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹1,23,839 to ₹1,27,607 per month. This is based on the average salary range of ₹10.7 Lakhs to ₹26.9 Lakhs per year for employees with experience ranging from Fresher to 9 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 200+ 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 Senior Manager at ICICI Prudential Life Insurance in Mumbai?

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

- Key Account Management
- B2B Sales
- Actuarial
- Banking
- Relationship Management

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 Senior Manager in India?

Tata AIA Life Insurance	₹10.8 Lakhs to ₹40.0 Lakhs per year
Axis Max Life Insurance	₹7.5 Lakhs to ₹33.5 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 Senior Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?

The salary of a Senior Manager 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:

Gallagher	₹8.6 Lakhs to ₹20.7 Lakhs per year
Bajaj Allianz Life Insurance	₹8.8 Lakhs to ₹28.0 Lakhs per year
HDFC Ergo General Insurance	₹7.0 Lakhs to ₹22.6 Lakhs per year
PNB MetLife	₹10.7 Lakhs to ₹23.0 Lakhs per year
HDFC Life	₹7.2 Lakhs to ₹26.0 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 Senior Manager at ICICI Prudential Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹16.5 Lakhs to ₹21.1 Lakhs per year
1 year	₹11.8 Lakhs to ₹21.0 Lakhs per year
2 years	₹10.7 Lakhs to ₹24.0 Lakhs per year
3 years	₹10.7 Lakhs to ₹24.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Senior Manager Salaries in Mumbai

ICICI Prudential Life Insurance Senior Manager salary in Mumbai ranges between ₹10.7 Lakhs to ₹26.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 285 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

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

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

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

Experience wise ICICI Prudential Life Insurance Senior Manager salaries in Mumbai

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Senior Manager

Salary related reviews for ICICI Prudential Life Insurance

Senior Manager in Mumbai

Senior Manager in Prabhadevi

Regional Manager in Kolkata

Area Sales Manager in Indore

Sales Manager in Hyderabad / Secunderabad

ICICI Prudential Life Insurance Senior Manager Salary FAQs

Tell us how to improve this page.