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3.6

based on 5k Reviews

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ICICI Lombard General Insurance Company Business Analyst salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹4.8 Lakhs - ₹10.3 Lakhs
Salary of majority employees info icon
Avg. annual salary
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Fixed
₹unlock blur Lakhs
Variable
₹unlock blur Lakh

Monthly In-hand Salary

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Business Analyst Salary at ICICI Lombard General Insurance Company ranges between ₹4.8 Lakhs to ₹10.3 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on... Read more

22% less than the average Business Analyst Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role?

Last Updated: 9 Jul 2025

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Latest annual salaries shared by ICICI Lombard General Insurance Company Business Analyst

2d ago
₹8 Lakhs
1 year exp.
6d ago
₹15 Lakhs
2 years exp.
1w ago
₹4.6 Lakhs
1 year exp.
3w ago
₹12 Lakhs
6 years exp.
3w ago
₹7 Lakhs
3 years exp.
1mo ago
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6 years exp.
1mo ago
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2 years exp.
1mo ago
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1 year exp.
1mo ago
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2 years exp.
2mo ago
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6 years exp.

ICICI Lombard General Insurance Company Business Analyst salaries by

Years of experience Avg. annual salary
Fresher  (6 salaries)

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₹4.8 L/yr - ₹8.8 L/yr
1 year  (12 salaries)

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₹4.8 L/yr - ₹8 L/yr
Login to view exact salary info icon
2 years  (20 salaries)

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₹5 L/yr - ₹10.3 L/yr
3 years  (10 salaries)

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₹5 L/yr - ₹9.8 L/yr
4 years  (4 salaries)

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₹5.1 L/yr - ₹10.3 L/yr
5 years  (12 salaries)

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₹5.3 L/yr - ₹10.3 L/yr
6 years  (8 salaries)

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₹5.9 L/yr - ₹10.3 L/yr
View all salaries by experience

Similar Designation Salaries at ICICI Lombard General Insurance Company

Similar Designation Avg. annual salary
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(11 salaries)
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₹8 L/yr - ₹16 L/yr

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

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Senior Analyst Salary
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₹3.1 L/yr - ₹16.2 L/yr

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₹3.6 L/yr - ₹12.3 L/yr

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₹2.3 L/yr - ₹6.5 L/yr

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Top trending discussions

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Career Growth
2w (edited)
pleasantfox
·
works at
Insurance Sector
Stability vs Growth
I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else
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Salary related reviews for ICICI Lombard General Insurance Company

3.8

Rated by 12 employees for salary & benefits

Product Manager in Mumbai

Marketing & Communication Department

3.0
  •  updated on 13 Oct 2022

1.0
 for  Salary and Benefits

Likes

...place to work for those who are willing to get retired from the particular firm. On time salary. Professional and Straightforward VP.

read more
  • Job security - Excellent

Dislikes

Work culture overall i.e non-responsive HR (Except Mohit Bane), IT team, Bad appraisal process and micro monitoring person AVP who is not even supporting towards the team. Even i will recommend to other peoples don't join in his team you will get exploit, harresed and irritated each and evey working as well as non working hours. There is no value for your efforts, even after showing result oriented work in full proof.

read more
  • Salary - Bad
  • +4 more

Product Manager in Patna

Manpower Department

5.0
  •  updated on 20 Dec 2021

5.0
 for  Salary and Benefits

Likes

Good work environment and culture,Company policies are good,appraisals are fair and they give good salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.

read more

Business Development Executive in New Delhi

Procurement & Supply Chain Department

1.0
  •  updated on 21 Jun 2020

2.0
 for  Salary and Benefits

Likes

As I m a former employee of this company i found that only work is important not any thing else.. They gives mental pressure to the employees which results in nervous break down. I m lucky that my family support is with me and I leave the job just after 3 months of joining because of mental torture by the boss of our vertical.. Plz don't join this company if u dont want to take mental pressure

read more

Dislikes

.... Pathetic working culture.. Pathetic boss... Pathetic company to work with. The person will get salary but also get mental pressure which can broke u up....

read more
  • Salary - Poor
  • +6 more

Product Manager in Mumbai

Bancassurance Department

3.0
  •  updated on 28 Dec 2020

4.0
 for  Salary and Benefits

Likes

Office ambience. Good pay scale. 5 days work in a week so good work life balance.

read more
  • Salary - Good
  • +2 more

Dislikes

No skill devlopement, career growth is dependent on your relationship with superior, too much process oriented job, travelling is cumbersome if your work in head office.

read more
  • Skill development - Bad
  • +2 more

Senior Manager in Navi Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  updated on 28 Apr 2025

5.0
 for  Salary and Benefits

Likes

Salary always get credited on time and also expenses get reviewed by the Accounts team diligently.

read more
  • Salary - Excellent

Dislikes

Manpower is always a concern, Management doesn't welcome new idea to make workload balance, Orthodox mindset comparatively low system knowledge and old time fundamentally driven site

read more
  • Skill development - Poor
  • +5 more
see more salary related reviews
More about working at ICICI Lombard General Insurance Company
  • HQ - Mumbai, Maharashtra, India
  • Insurance
  • 10k-50k Employees (India)
  • Public
  • Financial Services

ICICI Lombard General Insurance Company Business Analyst Salary FAQs

What is the salary of Business Analyst at ICICI Lombard General Insurance Company ?
The average salary of a Business Analyst at ICICI Lombard General Insurance Company in India typically ranges from ₹4.8 Lakhs to ₹10.3 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Analyst at ICICI Lombard General Insurance Company earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Business Analyst Salaries at ICICI Lombard General Insurance Company 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 70+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Business Analyst at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Business Analyst at ICICI Lombard General Insurance Company in India typically ranges from ₹58,688 to ₹60,168 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹10.3 Lakhs per year for employees with experience ranging from Fresher to 6 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 70+ salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Analyst at ICICI Lombard General Insurance Company ?
To be a Business Analyst at ICICI Lombard General Insurance Company in india, the key skills required include:

  • - Business Analysis
  • - Requirement Gathering
  • - Business Analytics
  • - JIRA
  • - UAT

These skills are highly valued at ICICI Lombard General Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Business Analyst in India?
Canara HSBC Life Insurance ₹8.9 Lakhs to ₹14.0 Lakhs per year
Allianz ₹5.0 Lakhs to ₹18.3 Lakhs per year
First American Corporation ₹7.7 Lakhs to ₹12.2 Lakhs per year
Bajaj Allianz Life Insurance ₹5.9 Lakhs to ₹13.7 Lakhs per year
AIG ₹4.3 Lakhs to ₹15.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Lombard General Insurance Company, depending on the role and experience level.
What is the salary of a Business Analyst in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Business Analyst at companies similar to ICICI Lombard General Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance ₹4.8 Lakhs to ₹14.7 Lakhs per year
Iffco Tokio General Insurance Co. ₹6.5 Lakhs to ₹14.0 Lakhs per year
Star Health & Allied Insurance ₹5.0 Lakhs to ₹14.5 Lakhs per year
Tata AIA Life Insurance ₹4.0 Lakhs to ₹13.3 Lakhs per year
Allstate ₹5.6 Lakhs to ₹12.0 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 Business Analyst at ICICI Lombard General Insurance Company in India?
The salary growth for a Business Analyst at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Business Analyst can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
Fresher ₹4.8 Lakhs to ₹8.8 Lakhs per year
1 year ₹4.8 Lakhs to ₹8.0 Lakhs per year
2 years ₹5.0 Lakhs to ₹10.3 Lakhs per year
3 years ₹5.0 Lakhs to ₹9.8 Lakhs per year
and so on.

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ICICI Lombard General Insurance Company Business Analyst Salaries by Location

  • ICICI Lombard General Insurance Company Business Analyst salaries in Mumbai
  • ICICI Lombard General Insurance Company Business Analyst salaries in Pune
  • ICICI Lombard General Insurance Company Business Analyst salaries in Bangalore / Bengaluru
  • ICICI Lombard General Insurance Company Business Analyst salaries in Hyderabad / Secunderabad
  • ICICI Lombard General Insurance Company Business Analyst salaries in Gurgaon / Gurugram
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  • ICICI Lombard General Insurance Company Business Analyst Salaries

ICICI Lombard General Insurance Company Business Analyst salary in India ranges between ₹4.8 Lakhs to ₹10.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 72 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

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Business Analyst Salary in India
based on 1.4L salaries
₹3 L/yr - ₹18 L/yr
22% less than the average Business Analyst Salary in India
View more details

ICICI Lombard General Insurance Company Business Analyst Reviews and Ratings

based on 12 reviews

4.3/5

Rating in categories

3.9

Skill development

4.3

Work-life balance

3.8

Salary

4.7

Job security

4.6

Company culture

3.2

Promotions

4.2

Work satisfaction

Explore 12 Reviews and Ratings

Gender Based Ratings at ICICI Lombard General Insurance Company

based on 12 Business Analyst salaries
4.1
Rated by 6 Women

for Salary and Benefits at ICICI Lombard General Insurance Company

women
4.4
Rated by 6 Men

for Salary and Benefits at ICICI Lombard General Insurance Company

men
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Notice Period for Business Analyst at ICICI Lombard General Insurance Company

based on 61 responses

15 days or less
33%
3 Months
29%
1 Month
28%
2 Months
10%
View all
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