ICICI Prudential Life Insurance Service Manager Salaries by 30+ Employees (Updated 2025)

0 - 6 years exp.

₹2.2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

62% less than the average Service Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Service Manager Salary 1 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹3 L/yr
Customer Success, Service & Operations Service Manager Salary 1 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹3.5 L/yr
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Sales & Business Development Service Manager Salary 1 - 4 years exp. (4 salaries)	₹2.6 L/yr - ₹4 L/yr
Human Resources Service Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr
Marketing & Communication Service Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.2 L/yr

Last Updated: 8 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Service Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Service Manager Salary 8 - 11 years exp. (7 salaries)	₹4 L/yr - ₹5.5 L/yr 66% more
HDFC Life Service Manager Salary 0 - 6 years exp. (7 salaries)	₹2.4 L/yr - ₹3.2 L/yr 4% less
Login to view exact salary
Axis Max Life Insurance Service Manager Salary 0 - 2 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 6% more
Tata AIA Life Insurance Service Manager Salary 1 - 6 years exp. (3 salaries)	₹2.7 L/yr - ₹3.5 L/yr 3% more
PNB MetLife Service Manager Salary 0 - 6 years exp. (3 salaries)	₹3.3 L/yr - ₹7 L/yr 87% more
Allianz Service Manager Salary 8 - 9 years exp. (3 salaries)	₹6 L/yr - ₹13.3 L/yr 154% more

Service Manager salary at ICICI Prudential Life Insurance ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 30 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Service Manager

3d ago

₹3.4 Lakhs

2 years exp.

3mo ago

₹3.4 Lakhs

4 years exp.

4mo ago

₹3.5 Lakhs

2 years exp.

7mo ago

₹3.2 Lakhs

4 years exp.

8mo ago

₹2.7 Lakhs

3 years exp.

10mo ago

1 year exp.

1y ago

1 year exp.

1y ago

6 years exp.

1y ago

1 year exp.

1y ago

2 years exp.

Experience wise ICICI Prudential Life Insurance Service Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.3 L/yr
1 year (6 salaries)	₹2.2 L/yr - ₹3 L/yr
Login to view exact salary
2 years (5 salaries)	₹2.8 L/yr - ₹3.5 L/yr
3 years (4 salaries)	₹2.4 L/yr - ₹4 L/yr
4 years (8 salaries)	₹2.6 L/yr - ₹3.4 L/yr
5 years (3 salaries)	₹3 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr

View all

From

Service Manager

₹

Lakhs/yr

0 - 6 years exp.

Regional Manager

₹

Lakhs/yr

15 - 22 years exp.

Service Manager

0 - 6 years exp.

Sales Manager

0 - 12 years exp.

122% hike

Area Manager

1 - 17 years exp.

42% hike

From

View 4 more levels

Service Manager

0 - 6 years exp.

Senior Manager

0 - 9 years exp.

From

View 4 more levels

Service Manager

0 - 6 years exp.

Chief Manager

9 - 22 years exp.

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

Area Service Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Service Engineer Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Service Advisor Salary

(4 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Area Manager Salary

(376 salaries)

₹5.8 L/yr - ₹13.2 L/yr

Center Manager Salary

(AmbitionBox Estimate)

₹37.8 L/yr - ₹48.3 L/yr

Deputy Manager Salary

(53 salaries)

₹2.25 L/yr - ₹8 L/yr

Territory Manager Salary

(4 salaries)

₹5.5 L/yr - ₹6.2 L/yr

Sales Manager Salary

(958 salaries)

₹2.5 L/yr - ₹11 L/yr

Customer Service Manager Salary

(17 salaries)

₹3.5 L/yr - ₹9.88 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.9

Rated by 12 employees for salary & benefits

Service Manager in Jaipur

Full Time

Sales & Business Development Department

3.0

• posted on 05 Apr 2021

2.0

for Salary and Benefits

Likes

Work environment is good, colleagues always help to others, company policies are good

Company culture - Good

Dislikes

Confusing policies management dosen't help in resolving the issues, good salary but incentive criteria is not fix, senior managers always pressurize you for work even you performance more than better. New appointees always face struggle for training

Salary - Poor

+4 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

Sales Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 15 Jul 2021

5.0

for Salary and Benefits

Likes

Digital process , Good work environment and culture, teammates are supportive and the management is transparent.

Salary - Excellent

+6 more

Dislikes

Low salary compare to others company in same industry,now a days there is a lot of politics

Area Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 21 Aug 2018

3.0

for Salary and Benefits

Likes

Good team and supportive culture, let's the new joinee have a ole time to settle down the new role.

Skill development - Good

+3 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very hight. Sometimes i have to work 14-18 hours a day as i have to attend Client Calls in the evenings and late night.

Work-life balance - Poor

Sales Manager in Mangaluru

sales Department

3.0

• posted on 19 Aug 2020

5.0

for Salary and Benefits

Likes

The learning, compensation and benefits are excellent. with strong determination if u stay for minimum 2 yrs of hard work then you can see a great career opportunities.

Salary - Excellent

+4 more

Dislikes

due to politics i found it difficult for work life balance and thus less work satisfaction.

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 Service Manager Salary FAQs

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

The average salary of a Service Manager at ICICI Prudential Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Service Manager at ICICI Prudential Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Service 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 30+ ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Service Manager at ICICI Prudential Life Insurance in India typically ranges from ₹22,157 to ₹23,638 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 30+ 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 Service Manager in India?

Allianz	₹6.0 Lakhs to ₹13.3 Lakhs per year
PNB MetLife	₹3.3 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹5.5 Lakhs per year
Axis Max Life Insurance	₹1.7 Lakhs to ₹3.5 Lakhs per year
Tata AIA Life Insurance	₹2.7 Lakhs to ₹3.5 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 Service Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Service 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

₹2.4 Lakhs to ₹3.2 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 Service Manager at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹5.3 Lakhs per year
1 year	₹2.2 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.8 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.4 Lakhs to ₹4.0 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Service Manager Salaries by Location

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ICICI Prudential Life Insurance Service Manager Salaries

ICICI Prudential Life Insurance Service Manager salary in India ranges between ₹2.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 30 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

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

Companies similar to ICICI Prudential Life Insurance for Service Manager

Latest annual salaries shared by ICICI Prudential Life Insurance Service Manager

Experience wise ICICI Prudential Life Insurance Service Manager salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Salary related reviews for ICICI Prudential Life Insurance

Service Manager in Jaipur

Sales Manager in Hyderabad / Secunderabad

Sales Manager in Kolkata

Area Manager in Mumbai

Sales Manager in Mangaluru

ICICI Prudential Life Insurance Service Manager Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Service Manager Salaries by Location