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Engaged Employer
Magma HDI General Insurance
3.8
based on 394 Reviews
Company Overview
Company Locations
Working at Magma HDI General Insurance
Company Summary
A joint venture focused on providing comprehensive insurance solutions, addressing the diverse needs of the insurance industry.
Overall Rating
3.8/5
based on 394 reviews
On-Par with
industry average
Critically rated for
Promotions
Work Policy
Work from office
72% employees reported
Monday to Friday
43% employees reported
Flexible timing
50% employees reported
Within city
43% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
19 employees reported
Job/Soft skill training
17 employees reported
Professional degree assistance
4 employees reported
Cafeteria
4 employees reported
View all benefits
About Magma HDI General Insurance
Founded in2012 (13 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai,Maharashtra, India
Office Locations
--
Websitemagmahdi.com
Primary Industry
Other Industries
Magma HDI General Insurance Co Ltd. is a joint venture between Magma Fincorp Ltd, Kolkata and HDI Global SE Germany.
Magma HDI General Insurance Ratings
based on 394 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
181
4
84
3
57
2
27
1
45
Category Ratings
3.7
Work-life balance
3.6
Job security
3.6
Salary
3.5
Company culture
3.5
Skill development
3.5
Work satisfaction
3.3
Promotions
Magma HDI General Insurance is rated 3.8 out of 5 stars on AmbitionBox, based on 394 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Magma HDI General Insurance
based on 379 reviews
3.6
Rated by 40 Women
Rated 3.7 for Skill development and 3.6 for Work-life balance
3.8
Rated by 339 Men
Rated 3.7 for Work-life balance and 3.6 for Salary
Work Policy at Magma HDI General Insurance
based on 63 reviews in last 6 months
Work from office
72%
Hybrid
20%
Permanent work from home
8%
Magma HDI General Insurance Reviews
Top mentions in Magma HDI General Insurance Reviews
+ 5 more
Compare Magma HDI General Insurance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 394 reviews | 3.8/5 based on 1.8k reviews | 4.1/5 based on 5.5k reviews | 3.8/5 based on 2k reviews |
Highly Rated for | No highly rated category | Work-life balance | Skill development Job security Company culture | No highly rated category |
Critically Rated for | Promotions | No critically rated category | No critically rated category | Promotions |
Primary Work Policy | Work from office 72% employees reported | Work from office 79% employees reported | Work from office 80% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 3.6 Good rated by 40 women | 3.8 Good rated by 374 women | 4.1 Good rated by 1.2k women | 4.0 Good rated by 206 women |
Rating by Men Employees | 3.8 Good rated by 339 men | 3.9 Good rated by 1.3k men | 4.1 Good rated by 4.1k men | 3.8 Good rated by 1.7k men |
Job security | 3.6 Good | 3.6 Good | 4.0 Good | 3.6 Good |
View more
Magma HDI General Insurance Salaries
Magma HDI General Insurance salaries have received with an average score of 3.6 out of 5 by 394 employees.
Relationship Manager
(146 salaries)
Unlock
₹3.5 L/yr - ₹7.6 L/yr
Deputy Manager
(116 salaries)
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₹5.5 L/yr - ₹10.5 L/yr
Senior Relationship Manager
(86 salaries)
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₹5 L/yr - ₹7.3 L/yr
State Head
(51 salaries)
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₹9.5 L/yr - ₹28.5 L/yr
Senior Unit Sales Manager
(33 salaries)
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₹2.9 L/yr - ₹5.5 L/yr
General Manager
(22 salaries)
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₹15 L/yr - ₹42.9 L/yr
Branch Head
(21 salaries)
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₹8 L/yr - ₹11 L/yr
Senior Executive Operations
(20 salaries)
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₹2.7 L/yr - ₹4 L/yr
Unit Sales Manager
(20 salaries)
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₹2.8 L/yr - ₹5 L/yr
Sales Manager
(18 salaries)
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₹3.3 L/yr - ₹7.3 L/yr
Magma HDI General Insurance Jobs
Popular Designations Magma HDI General Insurance Hires for
Popular Skills Magma HDI General Insurance Hires for
Magma HDI General Insurance Offices
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4.2
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Magma HDI General Insurance FAQs
When was Magma HDI General Insurance founded?
Magma HDI General Insurance was founded in 2012. The company has been operating for 13 years primarily in the Insurance sector.
Where is the Magma HDI General Insurance headquarters located?
Magma HDI General Insurance is headquartered in Mumbai,Maharashtra.
How many employees does Magma HDI General Insurance have in India?
Magma HDI General Insurance currently has more than 1,800+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Magma HDI General Insurance based on the number of reviews submitted on AmbitionBox.
Does Magma HDI General Insurance have good work-life balance?
Magma HDI General Insurance has a Work-Life Balance Rating of 3.7 out of 5 based on 300+ employee reviews on AmbitionBox. 67% employees rated Magma HDI General Insurance 4 or above, while 33% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Magma HDI General Insurance work-life balance reviews for more details
Is Magma HDI General Insurance good for career growth?
Career growth at Magma HDI General Insurance is rated as moderate, with a promotions and appraisal rating of 3.3. 33% employees rated Magma HDI General Insurance 3 or below, while 67% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Magma HDI General Insurance promotions/appraisals reviews for more detailed insights.
What are the cons of working in Magma HDI General Insurance?
Working at Magma HDI General Insurance does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, based on 300+ employee reviews on AmbitionBox.
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