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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 Software Developer salaries in Mumbai (Updated 2025)

Annual salary range
2 - 6 years exp.
₹2.5 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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31% less than the average Software Developer Salary in Insurance Companies for 2 - 6 years of experience

Interested in this particular role?

Last Updated: 12 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Software Developer in Mumbai

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ICICI Prudential Life Insurance Software Developer Salary

2 - 6 years exp. (5 salaries)
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₹2.5 L/yr - ₹8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Ergo General Insurance Software Developer Salary

0 - 5 years exp. (67 salaries)
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₹2.1 L/yr - ₹9.6 L/yr

arrow icon 6% less
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ICICI Lombard General Insurance Company Software Developer Salary

0 - 5 years exp. (34 salaries)
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₹4.9 L/yr - ₹12.2 L/yr

arrow icon 22% more
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SBI General Insurance Software Developer Salary

0 - 11 years exp. (5 salaries)
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₹6 L/yr - ₹9 L/yr

arrow icon 4% more
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SBI Life Insurance Company Software Developer Salary

1 - 4 years exp. (5 salaries)
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₹3 L/yr - ₹6 L/yr

arrow icon 23% less
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Aditya Birla Sun Life Insurance Software Developer Salary

2 - 4 years exp. (3 salaries)
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₹3.5 L/yr - ₹4.5 L/yr

arrow icon 41% less
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HDFC Life Software Developer Salary

2 - 7 years exp. (3 salaries)
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₹12.5 L/yr - ₹15.2 L/yr

arrow icon 104% more
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Kotak Mahindara Life Insurance Software Developer Salary

0 - 2 years exp. (3 salaries)
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₹3 L/yr - ₹5.3 L/yr

arrow icon 33% less
Software Developer salary at ICICI Prudential Life Insurance ranges between ₹2.5 Lakhs to ₹8 Lakhs per year for employees with experience between 2 years to 6 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 Software Developer in Mumbai

1mo ago
₹2.5 Lakhs
2 years exp.
2mo ago
₹7.3 Lakhs
3 years exp.

Experience wise ICICI Prudential Life Insurance Software Developer salaries in Mumbai

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
6 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Software Developer Salary
(4 salaries)
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₹7.5 L/yr - ₹10.5 L/yr
Software Engineer Salary
(3 salaries)
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₹2.4 L/yr - ₹7.15 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

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

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
see more salary related reviews

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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 Software Developer Salary FAQs

What is the salary of Software Developer at ICICI Prudential Life Insurance in Mumbai?
The average salary of a Software Developer at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹2.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Software Developer in Mumbai at ICICI Prudential Life Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Software Developer 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 Software Developer at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Software Developer at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹50,738 to ₹51,936 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 2 years 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 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 Software Developer in India?
HDFC Life ₹12.5 Lakhs to ₹15.2 Lakhs per year
ICICI Lombard General Insurance Company ₹4.9 Lakhs to ₹12.2 Lakhs per year
SBI General Insurance ₹6.0 Lakhs to ₹9.0 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 Software Developer in companies similar to ICICI Prudential Life Insurance in Mumbai?
The salary of a Software Developer 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:

HDFC Ergo General Insurance ₹2.1 Lakhs to ₹9.6 Lakhs per year
SBI Life Insurance Company ₹3.0 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance ₹3.0 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance ₹3.5 Lakhs to ₹4.5 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 Software Developer at ICICI Prudential Life Insurance in Mumbai?
The salary growth for a Software Developer at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Software Developer in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
2 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
3 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
4 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
5 years ₹6.0 Lakhs to ₹7.7 Lakhs per year
and so on.

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ICICI Prudential Life Insurance Software Developer salary in Mumbai ranges between ₹2.5 Lakhs to ₹8 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.