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

Annual salary range
17 - 21 years exp.
₹14.7 Lakhs - ₹19.1 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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15% more than the average Senior Underwriting Manager Salary in Insurance Companies for 17 - 21 years of experience

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Last Updated: 19 Feb 2025

Companies similar to ICICI Prudential Life Insurance for Senior Underwriting Manager

Company name Avg Annual Salary Open Jobs
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₹6 L/yr - ₹11.1 L/yr

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Gallagher Senior Underwriting Manager Salary

10 - 12 years exp. (5 salaries)

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₹18 L/yr - ₹22 L/yr

arrow icon 8% more
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₹13.5 L/yr - ₹18 L/yr

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₹8 L/yr - ₹8.4 L/yr

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HDFC Life Senior Underwriting Manager Salary

11 - 20 years exp. (3 salaries)

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₹10 L/yr - ₹21 L/yr

arrow icon 5% less
Senior Underwriting Manager salary at ICICI Prudential Life Insurance ranges between ₹14.7 Lakhs to ₹19.1 Lakhs per year for employees with experience between 17 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

3d ago
₹19.1 Lakhs
21 years exp.
2mo ago
₹19.1 Lakhs
20 years exp.
1y ago
₹14.7 Lakhs
17 years exp.

Experience wise ICICI Prudential Life Insurance Senior Underwriting Manager salaries

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹14.7 L/yr - ₹19.1 L/yr

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Salary related reviews for ICICI Prudential Life Insurance

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

BFSI, Investments & Trading Department

4.0
  •  posted on 21 Mar 2021

3.0
 for  Salary and Benefits

Likes

Icici prudential is a big platform where you can showcase your talent, it provides diversity and various opportunities for growth, knowledge and learnings, acknowledges the efforts, eers, seniors are all great support

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Work life balance, salary growth is a bit slow, stretch hours

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
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ICICI Prudential Life Insurance Senior Underwriting Manager Salary FAQs

What is the salary of Senior Underwriting Manager at ICICI Prudential Life Insurance ?
The average salary of a Senior Underwriting Manager at ICICI Prudential Life Insurance in India typically ranges from ₹14.7 Lakhs to ₹19.1 Lakhs per year, depending on experience (from 17 years to 21 years).

The top 10% of Senior Underwriting Manager at ICICI Prudential Life Insurance earn more than ₹19.1 Lakhs per year, and the top 1% earn over ₹19.1 Lakhs per year. Senior Underwriting 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 4 ICICI Prudential Life Insurance employees in India.
What is the estimated take home salary of a Senior Underwriting Manager at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Senior Underwriting Manager at ICICI Prudential Life Insurance in India typically ranges from ₹1,14,653 to ₹1,17,847 per month. This is based on the average salary range of ₹14.7 Lakhs to ₹19.1 Lakhs per year for employees with experience ranging from 17 years to 21 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 4 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 Underwriting Manager in India?
Gallagher ₹18.0 Lakhs to ₹22.0 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 Underwriting Manager in companies similar to ICICI Prudential Life Insurance in India?
The salary of a Senior Underwriting Manager 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 Life ₹10.0 Lakhs to ₹21.0 Lakhs per year
SBI General Insurance ₹13.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹11.1 Lakhs per year
Kotak Mahindara Life Insurance ₹8.0 Lakhs to ₹8.4 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 Underwriting Manager at ICICI Prudential Life Insurance in India?
The salary growth for a Senior Underwriting Manager at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Underwriting Manager can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
15 years ₹14.7 Lakhs to ₹19.1 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Prudential Life Insurance Senior Underwriting Manager salary in India ranges between ₹14.7 Lakhs to ₹19.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.