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

Annual salary range
1 - 8 years exp.
₹3.8 Lakhs - ₹9.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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49% 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)
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₹5 L/yr - ₹8.8 L/yr

BFSI, Investments & Trading
Team Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹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
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Gallagher Team Manager Salary

7 - 14 years exp. (213 salaries)

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₹4.3 L/yr - ₹11.8 L/yr

arrow icon 4% more
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HDFC Life Team Manager Salary

2 - 10 years exp. (29 salaries)

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₹1.2 L/yr - ₹6.2 L/yr

arrow icon 34% less
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₹2.5 L/yr - ₹11 L/yr

arrow icon 14% less
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₹3 L/yr - ₹7.8 L/yr

arrow icon 42% less
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₹2.2 L/yr - ₹11.1 L/yr

arrow icon 18% less
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HDFC Ergo General Insurance Team Manager Salary

2 - 10 years exp. (12 salaries)

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₹5.8 L/yr - ₹12.4 L/yr

arrow icon 11% less
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₹1.2 L/yr - ₹7.5 L/yr

arrow icon 39% less
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SBI Life Insurance Company Team Manager Salary

3 - 19 years exp. (11 salaries)

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₹7.5 L/yr - ₹15 L/yr

arrow icon 48% more
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Axis Max Life Insurance Team Manager Salary

6 - 13 years exp. (9 salaries)

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₹5.7 L/yr - ₹11.3 L/yr

arrow icon 34% more
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Tata AIA Life Insurance Team Manager Salary

1 - 15 years exp. (11 salaries)

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₹4 L/yr - ₹15.6 L/yr

arrow icon 13% more
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SBI General Insurance Team Manager Salary

0 - 7 years exp. (7 salaries)

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₹3.2 L/yr - ₹11.6 L/yr

arrow icon 19% less
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PNB MetLife Team Manager Salary

2 - 11 years exp. (7 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 2% more
1 job opening
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₹5.1 L/yr - ₹8.1 L/yr

arrow icon 17% less
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₹5.5 L/yr - ₹12.3 L/yr

arrow icon 3% less
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AXA Team Manager Salary

10 - 15 years exp. (25 salaries)

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₹44 L/yr - ₹65 L/yr

arrow icon 572% more
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AIG Team Manager Salary

5 - 13 years exp. (5 salaries)

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₹11.5 L/yr - ₹30 L/yr

arrow icon 114% more
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₹6.9 L/yr - ₹11.5 L/yr

arrow icon 9% less
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Shriram Life Insurance Team Manager Salary

4 - 16 years exp. (4 salaries)

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₹2.5 L/yr - ₹14 L/yr

arrow icon 5% less
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Allianz Team Manager Salary

5 - 16 years exp. (4 salaries)

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₹5.8 L/yr - ₹29.6 L/yr

arrow icon 152% more
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Swiss Re Team Manager Salary

7 - 12 years exp. (3 salaries)

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₹18 L/yr - ₹40 L/yr

arrow icon 241% 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.

Latest annual salaries shared by ICICI Prudential Life Insurance Team Manager

3d ago
₹10.8 Lakhs
3 years exp.
7mo ago
₹15.6 Lakhs
2 years exp.
11mo ago
₹6 Lakhs
2 years exp.
1y ago
₹7.7 Lakhs
3 years exp.
1y ago
₹5 Lakhs
8 years exp.
1y ago
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2 years exp.

Experience wise ICICI Prudential Life Insurance Team Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹3.8 L/yr - ₹16 L/yr
2 years  (4 salaries)

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₹6 L/yr - ₹15.6 L/yr
3 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹10.8 L/yr
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹15 L/yr
5 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Area Manager Salary
(376 salaries)
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₹5.8 L/yr - ₹13.2 L/yr
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₹6.5 L/yr - ₹18 L/yr
Store Manager Salary
(3 salaries)
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₹3 L/yr - ₹11 L/yr
Branch Manager Salary
(421 salaries)
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₹6.5 L/yr - ₹18.75 L/yr
Deputy Manager Salary
(53 salaries)
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₹2.25 L/yr - ₹8 L/yr
Team Lead Salary
(21 salaries)
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₹1.5 L/yr - ₹6.3 L/yr
Project Manager Salary
(33 salaries)
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₹2.8 L/yr - ₹11.62 L/yr
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₹4.5 L/yr - ₹8.72 L/yr
Cluster Manager Salary
(31 salaries)
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₹6.05 L/yr - ₹17.5 L/yr
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₹1.5 L/yr - ₹7.5 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

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

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.

read more
  • Salary - Excellent
  • +6 more

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

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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ICICI Prudential Life Insurance Team Manager Salary FAQs

What is the salary of Team Manager at ICICI Prudential Life Insurance ?
The average salary of a Team Manager at ICICI Prudential Life Insurance in India typically ranges from ₹3.8 Lakhs to ₹9.6 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Team Manager at ICICI Prudential Life Insurance earn more than ₹15.7 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Team 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 10+ ICICI Prudential Life Insurance employees in India.
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 in India typically ranges from ₹61,704 to ₹63,268 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹9.6 Lakhs per year for employees with experience ranging from 1 year to 8 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 10+ salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Team Manager at ICICI Prudential Life Insurance ?
To be a Team Manager at ICICI Prudential Life Insurance in india, the key skills required include:

  • - channel management
  • - Life Insurance
  • - Agency Management
  • - Team Management
  • - Sales Management

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Prudential Life Insurance for Team Manager in India?
AXA ₹44.0 Lakhs to ₹65.0 Lakhs per year
Swiss Re ₹18.0 Lakhs to ₹40.0 Lakhs per year
Allianz ₹5.8 Lakhs to ₹29.6 Lakhs per year
AIG ₹11.5 Lakhs to ₹30.0 Lakhs per year
SBI Life Insurance Company ₹7.5 Lakhs to ₹15.0 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 Team Manager in companies similar to ICICI Prudential Life Insurance in India?
The salary of a Team 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:

Axis Max Life Insurance ₹5.7 Lakhs to ₹11.3 Lakhs per year
Tata AIA Life Insurance ₹4.0 Lakhs to ₹15.6 Lakhs per year
Gallagher ₹4.3 Lakhs to ₹11.8 Lakhs per year
PNB MetLife ₹4.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.5 Lakhs to ₹12.3 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 Team Manager at ICICI Prudential Life Insurance in India?
The salary growth for a Team Manager at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Team Manager can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
1 year ₹3.8 Lakhs to ₹16.0 Lakhs per year
2 years ₹6.0 Lakhs to ₹15.6 Lakhs per year
3 years ₹7.7 Lakhs to ₹10.8 Lakhs per year
4 years ₹3.4 Lakhs to ₹15.0 Lakhs per year
and so on.

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