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ICICI Prudential Life Insurance Underwriting Manager salaries in Mumbai

Annual salary range
0 - 16 years exp.
₹6 Lakhs - ₹10.5 Lakhs
Salary of majority employees
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14% less than the average Underwriting Manager Salary in Insurance Companies for 0 - 16 years of experience

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Last Updated: 1 Nov 2024

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

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ICICI Prudential Life Insurance Underwriting Manager Salary

0 - 16 years exp. (8 salaries)

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₹6 L/yr - ₹10.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹5.1 L/yr - ₹8.4 L/yr

arrow icon 18% less
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₹9.6 L/yr - ₹18 L/yr

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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 8% less
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₹10.5 L/yr - ₹18.4 L/yr

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₹2.8 L/yr - ₹11.1 L/yr

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₹5.8 L/yr - ₹14.5 L/yr

arrow icon 17% more
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₹9.7 L/yr - ₹12.2 L/yr

arrow icon 31% 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 8 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Underwriting Manager in Mumbai

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2 years exp.
7mo ago
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14 years exp.
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13 years exp.
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16 years exp.
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14 years exp.
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13 years exp.
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8 years exp.

Experience wise ICICI Prudential Life Insurance Underwriting Manager salaries in Mumbai

Last Updated: 1 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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₹5.4 L/yr - ₹6.9 L/yr
2 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.3 L/yr
3 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹7.9 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Associate Salary
(183 salaries)
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₹2.5 L/yr - ₹5.3 L/yr
Chief Manager Salary
(54 salaries)
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₹14.5 L/yr - ₹40 L/yr
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₹5 L/yr - ₹9.6 L/yr
Underwriter Salary
(12 salaries)
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₹2.6 L/yr - ₹5.04 L/yr
Deputy Manager Salary
(8 salaries)
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₹3.75 L/yr - ₹8 L/yr
Team Lead Salary
(3 salaries)
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₹2.75 L/yr - ₹8.75 L/yr

Salary related reviews for ICICI Prudential Life Insurance

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

Dislikes

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

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

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

read 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

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

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 30 Oct 2024

1.0
 for  Salary and Benefits

Likes

I like the culture little bit but salary is very bad only they provide good salary to the college placement peoples

read more

Dislikes

Many of the things like salary and designation is totally not up to the mark of someone is from college placement they provide good package and designation doesn't matter it's a fresher and when we talk about experience person there expectations are very high towards but salary is very very less

read more
see more salary related reviews

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ICICI Prudential Life Insurance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at ICICI Prudential Life Insurance Mumbai?
Underwriting Manager salary at ICICI Prudential Life Insurance in Mumbai 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 14% less than the average Underwriting Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of ICICI Prudential Life Insurance Mumbai.
How does the salary of a Underwriting Manager at ICICI Prudential Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Underwriting Manager at ICICI Prudential Life Insurance is 14% less than the average salary of a Underwriting Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Prudential Life Insurance to a Underwriting Manager in Mumbai?
  • Tata AIA Life Insurance Underwriting Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
  • HDFC Ergo General Insurance Underwriting Manager Salary - ₹10.5 Lakhs to ₹18.4 Lakhs per year
  • SBI General Insurance Underwriting Manager Salary - ₹9.7 Lakhs to ₹12.2 Lakhs per year
  • ICICI Lombard General Insurance Company Underwriting Manager Salary - ₹5.8 Lakhs to ₹14.5 Lakhs per year
What is the salary of a Underwriting Manager in companies similar to ICICI Prudential Life Insurance in Mumbai?
  • PNB MetLife Underwriting Manager Salary - ₹3.9 Lakhs to ₹11.4 Lakhs per year
  • Kotak Mahindra General Insurance Underwriting Manager Salary - ₹2.8 Lakhs to ₹11.1 Lakhs per year
  • Kotak Mahindara Life Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹8.4 Lakhs per year
What is the estimated take home salary of a Underwriting Manager at ICICI Prudential Life Insurance in Mumbai?
The estimated take-home salary of a Underwriting Manager at ICICI Prudential Life Insurance ranges between ₹58,980 per month to ₹60,468 per month in Mumbai. 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 in Mumbai?
According to AmbitionBox, 80% of the ICICI Prudential Life Insurance Underwriting Managers in Mumbai reported a notice period of 2 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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ICICI Prudential Life Insurance Underwriting Manager salary in Mumbai ranges between ₹6 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.