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based on 6.1k Reviews

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ICICI Prudential Life Insurance Underwriting Manager salaries in India

Annual salary range
0 - 16 years exp.
₹6 Lakhs - ₹10.5 Lakhs
Salary of majority employees
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10% less than the average Underwriting Manager Salary in Insurance Companies for 0 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Underwriting Manager Salary
8 - 16 years exp. (7 salaries)
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₹6 L/yr - ₹10.5 L/yr

Healthcare & Life Sciences
Underwriting Manager Salary
0 - 6 years exp. (4 salaries)
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₹6 L/yr - ₹8 L/yr

Last Updated: 8 Nov 2024

Companies similar to ICICI Prudential Life Insurance for Underwriting Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Underwriting Manager Salary

12 - 17 years exp. (5 salaries)

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₹9.7 L/yr - ₹18.5 L/yr

arrow icon 58% more
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₹8.5 L/yr - ₹15 L/yr

arrow icon 48% more
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₹8.5 L/yr - ₹10 L/yr

arrow icon 17% more
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₹5.1 L/yr - ₹8.4 L/yr

arrow icon 22% less
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₹7.8 L/yr - ₹18 L/yr

arrow icon 53% more
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PNB MetLife Underwriting Manager Salary

2 - 16 years exp. (4 salaries)

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₹3.9 L/yr - ₹11.4 L/yr

arrow icon 9% less
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₹5.8 L/yr - ₹13.5 L/yr

arrow icon 33% more
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₹2.4 L/yr - ₹7.3 L/yr

arrow icon 42% less
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₹5.1 L/yr - ₹18.5 L/yr

arrow icon 34% more
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₹5.8 L/yr - ₹14.5 L/yr

arrow icon 11% more
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₹2.8 L/yr - ₹9.2 L/yr

arrow icon 16% less
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Gallagher Underwriting Manager Salary

7 - 10 years exp. (5 salaries)

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₹12 L/yr - ₹13 L/yr

arrow icon 56% more
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₹10.1 L/yr - ₹13.4 L/yr

arrow icon 38% more
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XL Catlin Underwriting Manager Salary

14 - 16 years exp. (3 salaries)

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₹17.5 L/yr - ₹20 L/yr

arrow icon 129% more
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₹3 L/yr - ₹5.1 L/yr

arrow icon 43% less
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AIG Underwriting Manager Salary

9 - 14 years exp. (3 salaries)

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₹14.3 L/yr - ₹21.1 L/yr

arrow icon 102% more
Underwriting Manager salary at ICICI Prudential Life Insurance ranges between ₹6 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 14 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Underwriting Manager

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6 years exp.
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14 years exp.
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Experience wise ICICI Prudential Life Insurance Underwriting Manager salaries

Last Updated: 8 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹6 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
2 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.5 L/yr
3 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Credit Manager Salary
(3 salaries)
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₹2.6 L/yr - ₹8 L/yr
Underwriter Salary
(25 salaries)
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₹2.05 L/yr - ₹6 L/yr
Area Credit Manager Salary
(AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr
Deputy Manager Salary
(48 salaries)
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₹2.25 L/yr - ₹8 L/yr
Chief Manager Salary
(70 salaries)
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₹14.5 L/yr - ₹40 L/yr
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₹3 L/yr - ₹4.7 L/yr
Senior Analyst Salary
(5 salaries)
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₹2.8 L/yr - ₹6.19 L/yr
Team Lead Salary
(23 salaries)
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₹1.5 L/yr - ₹8.75 L/yr
Senior Associate Salary
(287 salaries)
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₹2.4 L/yr - ₹5.3 L/yr
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₹4 L/yr - ₹9.6 L/yr

Salary related reviews for ICICI Prudential Life Insurance

3.8

Rated by 2 employees for salary & benefits

BFSI, Investments & Trading Department

4.0
  •  posted on 21 Mar 2021

3.0
 for  Salary and Benefits

Likes

Icici prudential is a big platform where you can showcase your talent, it provides diversity and various opportunities for growth, knowledge and learnings, acknowledges the efforts, eers, seniors are all great support

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Work life balance, salary growth is a bit slow, stretch hours

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

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.!!☺️

read more
  • 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.

read more
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ICICI Prudential Life Insurance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at ICICI Prudential Life Insurance?
Underwriting Manager salary at ICICI Prudential Life Insurance in India ranges between ₹6.0 Lakhs to ₹10.5 Lakhs for less than 1 year of experience to 16 years. According to our estimates it is 10% less than the average Underwriting Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of ICICI Prudential Life Insurance India.
How does the salary of a Underwriting Manager at ICICI Prudential Life Insurance India compare with the average salary range for this job?
The average salary of a Underwriting Manager at ICICI Prudential Life Insurance is 10% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Underwriting Manager in India?
  • XL Catlin Underwriting Manager Salary - ₹17.5 Lakhs to ₹20.0 Lakhs per year
  • AIG Underwriting Manager Salary - ₹14.3 Lakhs to ₹21.1 Lakhs per year
  • HDFC Life Underwriting Manager Salary - ₹9.7 Lakhs to ₹18.5 Lakhs per year
  • Gallagher Underwriting Manager Salary - ₹12.0 Lakhs to ₹13.0 Lakhs per year
  • Tata AIA Life Insurance Underwriting Manager Salary - ₹7.8 Lakhs to ₹18.0 Lakhs per year
What is the salary of a Underwriting Manager in companies similar to ICICI Prudential Life Insurance in India?
  • SBI Life Insurance Company Underwriting Manager Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Underwriting Manager Salary - ₹10.1 Lakhs to ₹13.4 Lakhs per year
  • HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
  • SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year
  • Max Life Insurance Underwriting Manager Salary - ₹8.5 Lakhs to ₹10.0 Lakhs per year
What is the estimated take home salary of a Underwriting Manager at ICICI Prudential Life Insurance in India?
The estimated take-home salary of a Underwriting Manager at ICICI Prudential Life Insurance ranges between ₹59,616 per month to ₹61,122 per month in India. The take-home salary calculation is based on the average ICICI Prudential Life Insurance Underwriting Manager salary in India which ranges between ₹6.0 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 16 years. Check how did we calculate take home salary?
What is the notice period for Underwriting Manager at ICICI Prudential Life Insurance?
According to AmbitionBox, 67% of the ICICI Prudential Life Insurance Underwriting Managers reported a notice period of 2 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

ICICI Prudential Life Insurance Underwriting Manager salary in India ranges between ₹6 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.