ICICI Prudential Life Insurance Team Manager Salaries by 10+ Employees (Updated 2025)

1 - 8 years exp.

₹3.8 Lakhs - ₹9.6 Lakhs

Salary of majority employees

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47% less than the average Team Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

Marketing & Communication Team Manager Salary 2 - 8 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹8.8 L/yr
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BFSI, Investments & Trading Team Manager Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹6 L/yr - ₹9.2 L/yr

Last Updated: 1 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Team Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Team Manager Salary 1 - 10 years exp. (28 salaries)	Unlock ₹3.5 L/yr - ₹7.3 L/yr 19% less
SBI Life Insurance Company Team Manager Salary 3 - 19 years exp. (9 salaries)	Unlock ₹7.5 L/yr - ₹20.7 L/yr 44% more
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Max Life Insurance Team Manager Salary 6 - 13 years exp. (9 salaries)	Unlock ₹5.7 L/yr - ₹11.3 L/yr 34% more
Kotak Mahindara Life Insurance Team Manager Salary 0 - 7 years exp. (12 salaries)	Unlock ₹1.2 L/yr - ₹7.5 L/yr 39% less
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (13 salaries)	Unlock ₹3.3 L/yr - ₹12.8 L/yr 4% less
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	Unlock ₹4 L/yr - ₹16.7 L/yr 17% more
Reliance Nippon Life Insurance Team Manager Salary 1 - 10 years exp. (4 salaries)	Unlock ₹6.9 L/yr - ₹11.5 L/yr 9% less
Aviva Life Insurance India Team Manager Salary 8 - 10 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹14.9 L/yr 10% more
PNB MetLife Team Manager Salary 0 - 11 years exp. (7 salaries)	Unlock ₹4 L/yr - ₹12 L/yr 16% less	1 job opening
Gallagher Team Manager Salary 7 - 14 years exp. (212 salaries)	Unlock ₹4.3 L/yr - ₹15 L/yr 3% more
ICICI Lombard General Insurance Company Team Manager Salary 2 - 16 years exp. (20 salaries)	Unlock ₹2.5 L/yr - ₹11 L/yr 14% less
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Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (17 salaries)	Unlock ₹3 L/yr - ₹7.8 L/yr 46% less
HDFC Ergo General Insurance Team Manager Salary 2 - 10 years exp. (12 salaries)	Unlock ₹5.8 L/yr - ₹12.4 L/yr 11% less
Kotak Mahindra General Insurance Team Manager Salary 3 - 7 years exp. (6 salaries)	Unlock ₹5.1 L/yr - ₹8.1 L/yr 17% less
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	Unlock ₹11.5 L/yr - ₹30 L/yr 114% more
Shriram Life Insurance Team Manager Salary 4 - 16 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹14 L/yr 5% less
Aditya Birla Sun Life Insurance Team Manager Salary 5 - 11 years exp. (4 salaries)	Unlock ₹5.5 L/yr - ₹8 L/yr 18% less
Swiss Re Team Manager Salary 7 - 12 years exp. (3 salaries)	Unlock ₹18 L/yr - ₹40 L/yr 241% more
AXA Team Manager Salary 8 - 15 years exp. (3 salaries)	Unlock ₹25 L/yr - ₹30 L/yr 224% more

Team Manager salary at ICICI Prudential Life Insurance ranges between ₹3.8 Lakhs to ₹9.6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 12 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Team Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	Unlock ₹3.8 L/yr - ₹16 L/yr
2 years (4 salaries)	Unlock ₹6 L/yr - ₹15.6 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹7.7 L/yr - ₹10.8 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹15 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹7.4 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹14.2 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹6.8 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹5 L/yr - ₹13 L/yr

View all

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₹2.8 L/yr - ₹11.57 L/yr

Department Manager Salary

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₹4.5 L/yr - ₹8.72 L/yr

Cluster Manager Salary

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₹6.05 L/yr - ₹14 L/yr

Operations Manager Salary

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₹1.5 L/yr - ₹8.43 L/yr

Top skills at ICICI Prudential Life Insurance for Team Manager

channel management Life Insurance Agency Management Team Management Sales Management Sales Team Leading Relationship Building

Salary related reviews for ICICI Prudential Life Insurance

4.1

Rated by 8 employees for salary & benefits

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.

Skill development - Bad

+5 more

Management Trainee in Hyderabad / Secunderabad

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.

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.

Salary - Bad

+4 more

Management Trainee in Hyderabad / Secunderabad

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

Salary - Bad

+4 more

Relationship Manager in Saharsa

Customer Success, Service & Operations Department

5.0

• posted on 12 Aug 2021

5.0

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.

Salary - Excellent

+6 more

Relationship Manager in Mumbai

Marketing & Communication Department

1.0

• posted on 26 Mar 2021

2.0

for Salary and Benefits

Likes

- Allowances are good. - Salary comes on time.

Job security - Good

Dislikes

There is absolutely no work life balance here. The boss / super boss everyone speaks in a very demotivating and degrading tone. It is very abusive and toxic. Unrealistic expectations and extremely abusive culture

Salary - Poor

+4 more

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ICICI Prudential Life Insurance Team Manager Salary FAQs

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

Team Manager salary at ICICI Prudential Life Insurance in India ranges between ₹3.8 Lakhs to ₹9.6 Lakhs for experience between 1 years to 8 years. According to our estimates it is 47% less than the average Team Manager Salary in India. Salary estimates are based on 12 latest salaries received from various employees of ICICI Prudential Life Insurance India.

How does the salary of a Team Manager at ICICI Prudential Life Insurance India compare with the average salary range for this job?

The average salary of a Team Manager at ICICI Prudential Life Insurance is 47% less than the average salary of a Team Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Team Manager at ICICI Prudential Life Insurance?

channel management, Life Insurance, Agency Management, Team Management and Sales Management are some of the popular skills required to work as a Team Manager at ICICI Prudential Life Insurance India.

Which similar companies are paying more than ICICI Prudential Life Insurance to a Team Manager in India?

Swiss Re Team Manager Salary - ₹18.0 Lakhs to ₹40.0 Lakhs per year
AXA Team Manager Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
AIG Team Manager Salary - ₹11.5 Lakhs to ₹30.0 Lakhs per year
SBI Life Insurance Company Team Manager Salary - ₹7.5 Lakhs to ₹20.7 Lakhs per year
Max Life Insurance Team Manager Salary - ₹5.7 Lakhs to ₹11.3 Lakhs per year

What is the salary of a Team Manager in companies similar to ICICI Prudential Life Insurance in India?

Tata AIA Life Insurance Team Manager Salary - ₹4.0 Lakhs to ₹16.7 Lakhs per year
Aviva Life Insurance India Team Manager Salary - ₹6.0 Lakhs to ₹14.9 Lakhs per year
Gallagher Team Manager Salary - ₹4.3 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz Life Insurance Team Manager Salary - ₹3.3 Lakhs to ₹12.8 Lakhs per year
Shriram Life Insurance Team Manager Salary - ₹2.5 Lakhs to ₹14.0 Lakhs per year

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

The estimated take-home salary of a Team Manager at ICICI Prudential Life Insurance ranges between ₹61,704 per month to ₹63,268 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Team Manager salary in India which ranges between ₹3.8 Lakhs to ₹9.6 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Team Manager at ICICI Prudential Life Insurance?

According to AmbitionBox, 33% of the ICICI Prudential Life Insurance Team Managers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Team Manager Salaries

ICICI Prudential Life Insurance Team Manager salary in India ranges between ₹3.8 Lakhs to ₹9.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.