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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 Underwriter salaries in India

Annual salary range
0 - 2 years exp.
₹3 Lakhs - ₹4.7 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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47% less than the average Senior Underwriter Salary in Insurance Companies for 0 - 2 years of experience

Interested in this particular role?

Last Updated: 14 Mar 2023

Companies similar to ICICI Prudential Life Insurance for Senior Underwriter

Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Senior Underwriter Salary

3 - 5 years exp. (4 salaries)
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₹2.9 L/yr - ₹5.5 L/yr

arrow icon 7% less
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Gallagher Senior Underwriter Salary

4 - 7 years exp. (4 salaries)
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₹4.4 L/yr - ₹8.3 L/yr

arrow icon 61% more
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SBI Life Insurance Company Senior Underwriter Salary

5 - 7 years exp. (4 salaries)
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₹3 L/yr - ₹6.5 L/yr

arrow icon 6% more
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HDFC Life Senior Underwriter Salary

3 - 6 years exp. (4 salaries)
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₹3.4 L/yr - ₹4.1 L/yr

arrow icon 13% less
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Star Health & Allied Insurance Senior Underwriter Salary

1 - 9 years exp. (3 salaries)
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₹2.8 L/yr - ₹3.6 L/yr

arrow icon 24% less
Senior Underwriter salary at ICICI Prudential Life Insurance ranges between ₹3 Lakhs to ₹4.7 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 5 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Senior Underwriter

1y ago
₹3.5 Lakhs
1 year exp.
1y ago
₹3.5 Lakhs
2 years exp.

Experience wise ICICI Prudential Life Insurance Senior Underwriter salaries

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.3 L/yr - ₹6.3 L/yr
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹6.7 L/yr
2 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹7 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

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(3 salaries)
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₹5 L/yr - ₹5.2 L/yr
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(53 salaries)
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₹2.25 L/yr - ₹8 L/yr
Operations Manager Salary
(43 salaries)
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₹1.5 L/yr - ₹7.5 L/yr
Quality Analyst Salary
(5 salaries)
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₹3.8 L/yr - ₹4.2 L/yr
Team Lead Salary
(21 salaries)
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₹1.5 L/yr - ₹6.3 L/yr
Analyst Salary
(7 salaries)
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₹3.57 L/yr - ₹13 L/yr
Process Associate Salary
(10 salaries)
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₹2.5 L/yr - ₹6 L/yr

Salary related reviews for ICICI Prudential Life Insurance

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

Customer Service Executive in Chandigarh

Customer Success, Service & Operations Department

4.0
  •  posted on 20 Aug 2020
4.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good Salary hike and bonus every year.

read more
  • Salary - Good
    • +4 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joinees.

read more

Team Lead in Indore

Engineering - Software & QA Department

5.0
  •  posted on 06 Sep 2019
5.0
 for  Salary and Benefits

Likes

I love the fact that i’m a part of a team that reliable l, high-quality products and has a global client base. As a result i get to interact with high profile people, celebrity and many more thinks to learn Another plus point is that my colleagues and Leadership Team is very much supportive & we work happily in collaboration.!!☺️

read more
  • Salary - Excellent
    • +6 more

Dislikes

...gative wives so sometime we have to work more than shift timing but it’s okay becouse if we will spend more hours will get more salary.

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
see more salary related reviews

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New offer. Confused.
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 Underwriter Salary FAQs

What is the salary of Senior Underwriter at ICICI Prudential Life Insurance ?
The average salary of a Senior Underwriter at ICICI Prudential Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹4.7 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Senior Underwriter at ICICI Prudential Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Senior Underwriter 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 5 ICICI Prudential Life Insurance employees in India.
What is the estimated take home salary of a Senior Underwriter at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Senior Underwriter at ICICI Prudential Life Insurance in India typically ranges from ₹30,342 to ₹31,651 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from Fresher to 2 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 5 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 Underwriter in India?
Gallagher ₹4.4 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company ₹3.0 Lakhs to ₹6.5 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 Underwriter in companies similar to ICICI Prudential Life Insurance in India?
The salary of a Senior Underwriter 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 ₹2.9 Lakhs to ₹5.5 Lakhs per year
HDFC Life ₹3.4 Lakhs to ₹4.1 Lakhs per year
Star Health & Allied Insurance ₹2.8 Lakhs to ₹3.6 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 Underwriter at ICICI Prudential Life Insurance in India?
The salary growth for a Senior Underwriter at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Underwriter can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
Fresher ₹3.3 Lakhs to ₹6.3 Lakhs per year
1 year ₹3.0 Lakhs to ₹6.7 Lakhs per year
2 years ₹3.5 Lakhs to ₹7.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Prudential Life Insurance Senior Underwriter salary in India ranges between ₹3 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.