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based on 6.1k Reviews

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ICICI Prudential Life Insurance Team Manager salaries in Mumbai

Annual salary range
2 - 10 years exp.
₹5 Lakhs - ₹8 Lakhs
Salary of majority employees
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44% less than the average Team Manager Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Team Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7.5 L/yr

Marketing & Communication
Team Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹7.5 L/yr

Last Updated: 22 Jul 2024

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

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ICICI Prudential Life Insurance Team Manager Salary

2 - 10 years exp. (5 salaries)

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₹5 L/yr - ₹8 L/yr

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

1 - 7 years exp. (7 salaries)

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₹5 L/yr - ₹7.6 L/yr

arrow icon 10% less
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₹7.5 L/yr - ₹12 L/yr

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₹3.5 L/yr - ₹4.9 L/yr

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₹4.2 L/yr - ₹17 L/yr

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Cognizant Team Manager Salary

7 - 19 years exp. (159 salaries)

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₹7.5 L/yr - ₹25.6 L/yr

arrow icon 91% more
6 job openings
Team Manager salary at ICICI Prudential Life Insurance ranges between ₹5 Lakhs to ₹8 Lakhs per year for employees with experience between 2 years to 10 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 Team Manager in Mumbai

5mo ago
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2 years exp.
10mo ago
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2 years exp.
1y ago
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10 years exp.
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8 years exp.

Experience wise ICICI Prudential Life Insurance Team Manager salaries in Mumbai

Last Updated: 22 Jul 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹6 L/yr - ₹14.4 L/yr
3 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
4 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹14.4 L/yr
5 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
6 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Area Manager Salary
(48 salaries)
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₹7 L/yr - ₹12 L/yr
Branch Manager Salary
(45 salaries)
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₹6.62 L/yr - ₹18 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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₹6.5 L/yr - ₹13.5 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

3.0

Rated by 2 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

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.

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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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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.

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Marketing & Communication Department

1.0
  •  posted on 26 Mar 2021

2.0
 for  Salary and Benefits

Likes

- Allowances are good. - Salary comes on time.

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

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ICICI Prudential Life Insurance Team Manager Salary FAQs

What is the salary of Team Manager at ICICI Prudential Life Insurance Mumbai?
Team Manager salary at ICICI Prudential Life Insurance in Mumbai ranges between ₹5.0 Lakhs to ₹8.0 Lakhs for experience between 2 years to 10 years. According to our estimates it is 44% less than the average Team Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.
How does the salary of a Team Manager at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Team Manager at ICICI Prudential Life Insurance is 44% less than the average salary of a Team Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Team Manager in Mumbai?
  • Cognizant Team Manager Salary - ₹7.5 Lakhs to ₹25.6 Lakhs per year
  • SBI Life Insurance Company Team Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
  • ICICI Lombard General Insurance Company Team Manager Salary - ₹4.2 Lakhs to ₹17.0 Lakhs per year
What is the salary of a Team Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?
  • HDFC Life Team Manager Salary - ₹5.0 Lakhs to ₹7.6 Lakhs per year
  • Reliance Nippon Life Insurance Team Manager Salary - ₹3.5 Lakhs to ₹4.9 Lakhs per year
What is the estimated take home salary of a Team Manager at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Team Manager at ICICI Prudential Life Insurance ranges between ₹59,060 per month to ₹60,550 per month in Mumbai. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Team Manager salary in India which ranges between ₹5.0 Lakhs to ₹8.0 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Team Manager at ICICI Prudential Life Insurance in Mumbai?
According to AmbitionBox, 100% of the ICICI Prudential Life Insurance Team Managers in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

ICICI Prudential Life Insurance Team Manager salary in Mumbai ranges between ₹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.