Insurance Manager
Annual salary range
₹1.5 Lakh - ₹11.4 Lakhs
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Insurance Manager Salary in India (Updated 2025)
based on 1.5k
latest salaries
• updated:
10 Mar 2025
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Salary of majority employees
Insurance Manager Salary in India ranges between ₹1.5 Lakh to ₹11.4 Lakhs for 1 year of experience to 15 years of experience. Salary estimates are based on 1.5k latest salaries received from Insurance Manager.
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Salaries by experience
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Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
8
yrs
exp.
(67 salaries)
|
₹0.6 L/yr - ₹5.3 L/yr | |
1 -
6
yrs
exp.
(51 salaries)
|
₹2.5 L/yr - ₹6 L/yr | |
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| ||
1 -
6
yrs
exp.
(46 salaries)
|
₹1 L/yr - ₹6 L/yr | |
1 -
7
yrs
exp.
(45 salaries)
|
₹1.5 L/yr - ₹6 L/yr | |
1 -
11
yrs
exp.
(26 salaries)
|
₹1.8 L/yr - ₹5 L/yr | |
3 -
9
yrs
exp.
(26 salaries)
|
₹2.6 L/yr - ₹7.7 L/yr | |
1 -
8
yrs
exp.
(25 salaries)
|
₹2.3 L/yr - ₹5 L/yr | |
1 -
8
yrs
exp.
(21 salaries)
|
₹2.5 L/yr - ₹5.9 L/yr | |
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| ||
1 -
8
yrs
exp.
(16 salaries)
|
₹2.8 L/yr - ₹5 L/yr | |
3 -
13
yrs
exp.
(15 salaries)
|
₹2.4 L/yr - ₹8 L/yr | |
Latest annual salaries shared by Insurance Managers
1d ago
Continental Hospitals
Insurance Manager
8 years exp.
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1d ago
Narbheram Motors
Insurance Manager
12 years exp.
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2d ago
Shriram Life Insurance
Insurance Manager
15 years exp.
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3d ago
Kpr Cars
Insurance Manager
6 years exp.
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5d ago
Bajaj Allianz Life Insurance
Insurance Manager
2 years exp.
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5d ago
RenewBuy
Insurance Manager
4 years exp.
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6d ago
Aadhi Cars
Insurance Manager
15 years exp.
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1w ago
Tafe Motors & Tractors
Insurance Manager
15 years exp.
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1w ago
Practo
Insurance Manager
6 years exp.
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1w ago
Amity University
Insurance Manager
6 years exp.
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Insurance Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(15
salaries)
| Unlock ₹1 L/yr - ₹3 L/yr |
2
years
(123
salaries)
| Unlock ₹1 L/yr - ₹5 L/yr |
Login to view exact salary
| |
3
years
(142
salaries)
| Unlock ₹1 L/yr - ₹4.7 L/yr |
4
years
(154
salaries)
| Unlock ₹1.3 L/yr - ₹5.6 L/yr |
5
years
(161
salaries)
| Unlock ₹1.1 L/yr - ₹6.2 L/yr |
View all salaries by experience
Insurance Manager Jobs in India
Insurance Manager
· 0-2 years
NJ Group
₹3.3
L/yr
- ₹3.5
L/yr
Surat
Insurance Manager
· 3-7 years
TRUCKSUP SOLUTION
₹4
L/yr
- ₹6
L/yr
Gurgaon / Gurugram
Insurance Manager
· 1-6 years
Ageas Federal
₹1.5
L/yr
- ₹4
L/yr
Mumbai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Branch Manager Salary
4 -
17
years
exp.
(50.6k salaries)
| Unlock ₹2.6 L/yr - ₹18 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(6L salaries)
| Unlock ₹3 L/yr - ₹17 L/yr |
Login to view exact salary
| |
Store Manager Salary
3 -
16
years
exp.
(52k salaries)
| Unlock ₹2.2 L/yr - ₹11 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(1.7L salaries)
| Unlock ₹7 L/yr - ₹40.2 L/yr |
Sales Manager Salary
2 -
15
years
exp.
(1.3L salaries)
| Unlock ₹2.2 L/yr - ₹16 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Manager
PNB MetLife
Insurance Manager
• posted on 22 Apr 2019
Likes
The company is open to innovation and readily adopt latest technology. I love the fact that I am a part of a team that markets reliable, high- quality products!
read more- Salary - Excellent
+3 more
Dislikes
Compensation is decent, but growth is slow the work pressure is very high. sometime, I have to work 10 - 12 hours straight in a day as I have to attend client calls in the evening and sometime late into the night.
read moreFuture Generali India Life Insurance
Sales Manager
• posted on 21 Apr 2018
Likes
here while working as a sales manager you got good salary and incentives in agency channels
read more- Salary - Good
Dislikes
there is no personal life no timings no week off in reality ,always running for making advisor and business , aslo ur pf and fnf clearings will took time
read more- Job security - Poor
HDFC Life
Assistant Manager
• posted on 14 Mar 2023
Likes
WFH, on time salary credit, fluid processes, good work environment, top performer in insurance industry, capable senior management, employee centric initiatives, parents, spouse and children covered in insurance
read more- Job security - Good
+1 more
Dislikes
heavy workload, minimal scope for promotion, average performance appraisals
- Promotions - Poor
Bajaj Allianz Life Insurance
Assistant Manager
• posted on 28 Jan 2025
Likes
Company culture Team support Compensation is ok ok HR engagement activities Knowledge sharing sessions
read more- Skill development - Excellent
+5 more
Dislikes
Appraisal rate is to low
Top skills for Insurance Manager
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Insurance Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Insurance Manager
2 -
15
years
exp.
| Unlock ₹1.5 L/yr - ₹11.5 L/yr |
Mumbai
Insurance Manager
2 -
15
years
exp.
| Unlock ₹2.4 L/yr - ₹17 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Insurance Manager
2 -
15
years
exp.
| Unlock ₹2.2 L/yr - ₹10.2 L/yr |
Chennai
Insurance Manager
2 -
15
years
exp.
| Unlock ₹1.5 L/yr - ₹7.7 L/yr |
Pune
Insurance Manager
1 -
15
years
exp.
| Unlock ₹2.5 L/yr - ₹17.5 L/yr |
View More
Insurance Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Insurance Manager
2 -
15
years
exp.
| Unlock ₹2.2 L/yr - ₹8 L/yr |
Insurance Insurance Manager
2 -
15
years
exp.
| Unlock ₹2.1 L/yr - ₹6.6 L/yr |
Login to view exact salary
| |
Automobile Insurance Manager
1 -
15
years
exp.
| Unlock ₹1.2 L/yr - ₹6.8 L/yr |
Manufacturing Insurance Manager
1 -
15
years
exp.
| Unlock ₹1.7 L/yr - ₹9 L/yr |
Banking / Insurance / Accounting Insurance Manager
2 -
15
years
exp.
| Unlock ₹2.5 L/yr - ₹6.5 L/yr |
View More
Frequently Asked Questions about Insurance Manager Salaries
What is the salary of a Insurance Manager in India?
Salary for a Insurance Manager in India ranges between ₹1.5 Lakhs to ₹11.4 Lakhs per year. Salary estimates are based on 1.5k latest salaries received from various Insurance Managers across industries.
What are the top paying companies that employ Insurance Managers?
- Tata AIA Life Insurance Insurance Manager Salary - ₹4.5 Lakhs per year
- Axis Max Life Insurance Insurance Manager Salary - ₹4.0 Lakhs per year
- Kotak Mahindara Life Insurance Insurance Manager Salary - ₹3.9 Lakhs per year
- HDFC Life Insurance Manager Salary - ₹3.7 Lakhs per year
- Bajaj Allianz Life Insurance Insurance Manager Salary - ₹3.6 Lakhs per year
What is the starting salary for a Insurance Manager in India?
Average starting Salary for Insurance Manager in India is around ₹1.5 Lakhs per year (₹12.5k per month). 1 year of minimum experience is required to be a Insurance Manager.
What is the highest salary for a Insurance Manager in India?
Highest salary that a Insurance Manager can earn is ₹7.7 Lakhs per year (₹64.2k per month).
What are the top paying industries for Insurance Manager in India?
- Financial Services - ₹1.7 Lakhs to 40.0 Lakhs per year
- Healthcare - ₹0.3 Lakhs to 15.2 Lakhs per year
- Internet - ₹0.2 Lakhs to 16.0 Lakhs per year
- Automobile - ₹0.1 Lakhs to 51.0 Lakhs per year
- Insurance - ₹0.2 Lakhs to 38.0 Lakhs per year
What are the top paying cities for Insurance Manager in India?
- Mumbai - ₹0.3 Lakhs to 30.0 Lakhs per year
- Pune - ₹0.3 Lakhs to 51.0 Lakhs per year
- Bangalore / Bengaluru - ₹1.2 Lakhs to 40.0 Lakhs per year
- New Delhi - ₹0.2 Lakhs to 81.0 Lakhs per year
- Chennai - ₹1.0 Lakhs to 12.0 Lakhs per year
What are the popular/top skills required to become a Insurance Manager?
These are the top skills of a Insurance Manager based on 22 jobs posted by employers.
- Team Management
- Risk Management
- Procurement
- Insurance Sales
- Life Insurance
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