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ICICI Prudential Life Insurance Strategy Manager salaries in Mumbai

Annual salary range
2 - 6 years exp.
₹6.8 Lakhs - ₹13 Lakhs
Salary of majority employees
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65% less than the average Strategy Manager Salary in Insurance Companies for 2 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Strategy Manager Salary
2 - 6 years exp. (4 salaries)
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₹7 L/yr - ₹13 L/yr

Marketing & Communication
Strategy Manager Salary
3 - 5 years exp. (3 salaries)
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₹10.1 L/yr - ₹11.1 L/yr

Data Science & Analytics
Strategy Manager Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹7.6 L/yr - ₹10.7 L/yr

Strategic & Top Management
Strategy Manager Salary
3 - 6 years exp. (AmbitionBox Estimate)
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₹6.8 L/yr - ₹10.9 L/yr

Last Updated: 3 May 2024

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

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ICICI Prudential Life Insurance Strategy Manager Salary

2 - 6 years exp. (13 salaries)

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₹6.8 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Strategy Manager Salary

4 - 8 years exp. (3 salaries)

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₹12 L/yr - ₹25 L/yr

arrow icon 84% more
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₹18 L/yr - ₹21.5 L/yr

arrow icon 92% more
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₹4.8 L/yr - ₹10.9 L/yr

arrow icon 29% less
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Mahindra & Mahindra Strategy Manager Salary

0 - 9 years exp. (17 salaries)

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₹21.5 L/yr - ₹30 L/yr

arrow icon 152% more
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Accenture Strategy Manager Salary

7 - 12 years exp. (14 salaries)

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₹30 L/yr - ₹61 L/yr

arrow icon 479% more
6 job openings
Strategy Manager salary at ICICI Prudential Life Insurance ranges between ₹6.8 Lakhs to ₹13 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 13 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

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Experience wise ICICI Prudential Life Insurance Strategy Manager salaries in Mumbai

Last Updated: 3 May 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹7 L/yr - ₹17.2 L/yr
3 years  (4 salaries)

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₹6.8 L/yr - ₹10.1 L/yr
4 years (AmbitionBox Estimate)

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₹10.1 L/yr - ₹12 L/yr
5 years  (4 salaries)

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₹7.6 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹13 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

Chief Manager Salary
(54 salaries)
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₹14.5 L/yr - ₹40 L/yr
Product Manager Salary
(30 salaries)
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₹6.25 L/yr - ₹21 L/yr
Deputy Manager Salary
(8 salaries)
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₹3.75 L/yr - ₹8 L/yr
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₹3.65 L/yr - ₹9 L/yr
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₹2.8 L/yr - ₹8.3 L/yr
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₹13.5 L/yr - ₹18 L/yr

Salary related reviews for ICICI Prudential Life Insurance

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

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

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

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 30 Oct 2024

1.0
 for  Salary and Benefits

Likes

I like the culture little bit but salary is very bad only they provide good salary to the college placement peoples

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Dislikes

Many of the things like salary and designation is totally not up to the mark of someone is from college placement they provide good package and designation doesn't matter it's a fresher and when we talk about experience person there expectations are very high towards but salary is very very less

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 21 Aug 2024

1.0
 for  Salary and Benefits

Likes

Company develop people by learning and valuable skills. Customer first, best product's with features.

Dislikes

... 18 years of my life to the company , doesn’t recognise handwork and commitment.New hires from outside the company are brought in at higher salary's. That kind of thing unvalued and disheartened.

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Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 16 Jul 2024

4.0
 for  Salary and Benefits

Likes

Um it's overall things like salary and atmosphere is good but internal pressure is high

read more

Dislikes

I lost a lot amount for gifting things in bank to employees but not a single bill pass or approval done my manager that's the bad thing ig

read more
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ICICI Prudential Life Insurance Strategy Manager Salary FAQs

What is the salary of Strategy Manager at ICICI Prudential Life Insurance Mumbai?
Strategy Manager salary at ICICI Prudential Life Insurance in Mumbai ranges between ₹6.8 Lakhs to ₹13.0 Lakhs for experience between 2 years to 6 years. According to our estimates it is 65% less than the average Strategy Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.
How does the salary of a Strategy Manager at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Strategy Manager at ICICI Prudential Life Insurance is 65% less than the average salary of a Strategy Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Strategy Manager in Mumbai?
  • Accenture Strategy Manager Salary - ₹30.0 Lakhs to ₹61.0 Lakhs per year
  • Mahindra & Mahindra Strategy Manager Salary - ₹21.5 Lakhs to ₹30.0 Lakhs per year
  • Tata AIA Life Insurance Strategy Manager Salary - ₹18.0 Lakhs to ₹21.5 Lakhs per year
  • HDFC Life Strategy Manager Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Strategy Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?
  • Reliance General Insurance Strategy Manager Salary - ₹4.8 Lakhs to ₹10.9 Lakhs per year
What is the estimated take home salary of a Strategy Manager at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Strategy Manager at ICICI Prudential Life Insurance ranges between ₹74,236 per month to ₹76,155 per month in Mumbai. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Strategy Manager salary in India which ranges between ₹6.8 Lakhs to ₹13.0 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Strategy Manager at ICICI Prudential Life Insurance in Mumbai?
According to AmbitionBox, 83% of the ICICI Prudential Life Insurance Strategy Managers in Mumbai reported a notice period of 2 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Strategy Manager salary in Mumbai ranges between ₹6.8 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.