ICICI Prudential Life Insurance Mumbai Underwriting Executive Salaries by 4 Employees

6 - 10 years exp.

₹4 Lakhs - ₹5.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% more than the average Underwriting Executive Salary in Insurance Companies for 6 - 10 years of experience

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Last Updated: 28 Jan 2024

Companies similar to ICICI Prudential Life Insurance for Underwriting Executive in Mumbai

ICICI Prudential Life Insurance Underwriting Executive Salary

6 - 10 years exp. (4 salaries)

₹4 L/yr - ₹5.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Underwriting Executive Salary 1 - 6 years exp. (12 salaries)	₹2 L/yr - ₹4 L/yr 34% less
Tata AIG Underwriting Executive Salary 3 - 6 years exp. (5 salaries)	₹2 L/yr - ₹5 L/yr 41% less
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Vibhuti Insurance Brokers Underwriting Executive Salary 4 - 11 years exp. (3 salaries)	₹3.5 L/yr - ₹3.7 L/yr 22% less
SPA Insurance Broking Services Underwriting Executive Salary 2 - 5 years exp. (3 salaries)	₹3.2 L/yr - ₹4.2 L/yr 16% less
Aum Insurance Brokers Underwriting Executive Salary 5 - 7 years exp. (3 salaries)	₹2.5 L/yr - ₹3.2 L/yr 40% less

Underwriting Executive salary at ICICI Prudential Life Insurance ranges between ₹4 Lakhs to ₹5.6 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Underwriting Executive salaries in Mumbai

Last Updated: 28 Jan 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr

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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.

Skill development - Bad

+5 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

Customer Service Executive in Chandigarh

Customer Success, Service & Operations Department

4.0

• posted on 20 Aug 2020

4.0

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 - Good

+4 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign. On the job training is not given to new joinees.

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.!!☺️

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.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Prudential Life Insurance Underwriting Executive Salary FAQs

What is the salary of Underwriting Executive at ICICI Prudential Life Insurance in Mumbai?

The average salary of a Underwriting Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹4.0 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Underwriting Executive in Mumbai at ICICI Prudential Life Insurance earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Underwriting Executive 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 4 ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Underwriting Executive at ICICI Prudential Life Insurance in Mumbai?

The estimated take-home salary of a Underwriting Executive at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹34,050 to ₹35,303 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 6 years to 10 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 4 salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Underwriting Executive in companies similar to ICICI Prudential Life Insurance in Mumbai?

The salary of a Underwriting Executive 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:

SPA Insurance Broking Services	₹3.2 Lakhs to ₹4.2 Lakhs per year
Vibhuti Insurance Brokers	₹3.5 Lakhs to ₹3.7 Lakhs per year
Star Health & Allied Insurance	₹2.0 Lakhs to ₹4.0 Lakhs per year
Aum Insurance Brokers	₹2.5 Lakhs to ₹3.2 Lakhs per year
Tata AIG	₹2.0 Lakhs to ₹5.0 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 Underwriting Executive at ICICI Prudential Life Insurance in Mumbai?

The salary growth for a Underwriting Executive at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Underwriting Executive in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
6 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
8 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
10 years	₹5.0 Lakhs to ₹6.4 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Underwriting Executive Salaries in Mumbai

ICICI Prudential Life Insurance Underwriting Executive salary in Mumbai ranges between ₹4 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.