Insurance Manager
Annual salary range
₹2.2 Lakhs - ₹8.4 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byInsurance Manager Salary in Financial Services in India
based on 515
latest salaries
• updated:
16 Feb 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Insurance Manager salaries
| Years of experience | Avg. Annual Salary |
|---|---|
2
years
(64
salaries)
|  ₹1.6 L/yr - ₹4.5 L/yr |
3
years
(63
salaries)
| ₹2 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
4
years
(76
salaries)
| ₹2 L/yr - ₹5.4 L/yr |
5
years
(67
salaries)
| ₹2.5 L/yr - ₹6 L/yr |
6
years
(63
salaries)
| ₹2.4 L/yr - ₹7 L/yr |
View all salaries by experience
Insurance Manager Salary in
India ranges between ₹2.2
Lakhs to ₹8.4
Lakhs for
2 years of experience to 15 years of experience
. Salary estimates are based on
515 latest salaries received
from Insurance Manager.
See latest salaries
Insurance Manager salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Insurance Manager Salary
2 - 15
years
exp.
(126
salaries)
| ₹2.2 L/yr - ₹7.3 L/yr |
Login to view exact salary
| |
Sales & Business Development
Insurance Manager Salary
2 - 15
years
exp.
(83
salaries)
| ₹2.3 L/yr - ₹8 L/yr |
View all departments salaries
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Top paying companies
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Latest annual salaries shared by Insurance Managers
1d ago
Continental Hospitals
Insurance Manager
8 years exp.
1d ago
Narbheram Motors
Insurance Manager
12 years exp.
2d ago
Shriram Life Insurance
Insurance Manager
15 years exp.
3d ago
Kpr Cars
Insurance Manager
6 years exp.
5d ago
Bajaj Allianz Life Insurance
Insurance Manager
2 years exp.
5d ago
RenewBuy
Insurance Manager
4 years exp.
6d ago
Aadhi Cars
Insurance Manager
15 years exp.
1w ago
Tafe Motors & Tractors
Insurance Manager
15 years exp.
1w ago
Practo
Insurance Manager
6 years exp.
1w ago
Amity University
Insurance Manager
6 years exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
1 -
8
yrs
exp.
(63 salaries)
|
₹0.6 L/yr - ₹5.3 L/yr | |
1 -
6
yrs
exp.
(50 salaries)
|
₹2.5 L/yr - ₹5.5 L/yr | |
Login to view exact salary
| ||
1 -
6
yrs
exp.
(46 salaries)
|
₹1 L/yr - ₹6 L/yr | |
1 -
7
yrs
exp.
(43 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.
(23 salaries)
|
₹2.3 L/yr - ₹4.7 L/yr | |
1 -
8
yrs
exp.
(21 salaries)
|
₹2.5 L/yr - ₹5.9 L/yr | |
Login to view exact salary
| ||
1 -
8
yrs
exp.
(16 salaries)
|
₹2.8 L/yr - ₹5 L/yr | |
3 -
13
yrs
exp.
(14 salaries)
|
₹2.4 L/yr - ₹8 L/yr | |
Insurance Manager Jobs in India
Insurance Manager
· 8-10 years
Automotive Manufacturers (AMPL)
Nagpur
Insurance Manager
· 5-10 years
MedPlus
Hyderabad / Secunderabad
Insurance Manager
· 10-16 years
Rithwik Projects
₹6
L/yr
- ₹14
L/yr
Hyderabad / Secunderabad
Similar Designation Salaries for Insurance Manager
| Designations | Avg Annual Salary |
|---|---|
Branch Manager Salary
4 -
17
years
exp.
(23.6k salaries)
| ₹3 L/yr - ₹18 L/yr |
Store Manager Salary
3 -
16
years
exp.
(821 salaries)
| ₹2.4 L/yr - ₹34 L/yr |
Login to view exact salary
| |
Assistant Manager Salary
2 -
13
years
exp.
(1.3L salaries)
| ₹2.8 L/yr - ₹15 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(45.6k salaries)
| ₹7.5 L/yr - ₹35 L/yr |
Sales Manager Salary
2 -
15
years
exp.
(30k salaries)
| ₹2.6 L/yr - ₹10.2 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Manager
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
PNB MetLife
Branch Manager
• posted on 24 Apr 2018
Likes
...s very nice. Work environment is very good Branch Manager & Sales Manager label. Salary high but appraisal depending KOLKATA RH hands not HR. Work-life as per HR rules very good but Kolkata RH work culture is very bad at this time. Company innovation over all very good.
read more- Salary - Excellent
+2 more
Dislikes
Today I am filling Kolkata work culture is bad due to Regional Head. He is bad for company as well employees. He do not required any good employees lest 18 months. No body work with this person.
read moreHDFC Life
Sales Manager
• posted on 02 Dec 2023
Likes
M so happy with HDFC life Bcz culture for female is too good 👍
- Skill development - Good
+4 more
Dislikes
Travel benifits is not provide for sales person than how can many calls from out station bcz employees salary is very low so.
read moreFuture Generali India Life Insurance
Sales Manager
• posted on 19 Oct 2019
Likes
Salary package is good
- Salary - Good
Dislikes
Terrible training, no support from branch, too hard to sustain for the people who are new to insurance industry. They give training as their wish. i got my induction training after 3 months which has to be given on the 1st week of joining. they give some brochures & pdf documents to us and we need to pick up ourselves. the trainings will be given as per their convenience and wish.
read more- Skill development - Bad
+3 more
Top skills for Insurance Manager
Insurance Manager Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
New Delhi
Insurance Manager
2 -
15
years
exp.
| ₹1.8 L/yr - ₹12 L/yr |
Mumbai
Insurance Manager
2 -
15
years
exp.
| ₹2.4 L/yr - ₹17 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Insurance Manager
2 -
15
years
exp.
| ₹2.2 L/yr - ₹10.2 L/yr |
Chennai
Insurance Manager
2 -
15
years
exp.
| ₹1.5 L/yr - ₹7.7 L/yr |
Pune
Insurance Manager
1 -
15
years
exp.
| ₹2.5 L/yr - ₹17.5 L/yr |
View More
Insurance Manager Salary In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Insurance
Insurance Manager
2 -
15
years
exp.
| ₹2.1 L/yr - ₹7.1 L/yr |
Automobile
Insurance Manager
1 -
15
years
exp.
| ₹1.2 L/yr - ₹6.8 L/yr |
Login to view exact salary
| |
Banking / Insurance / Accounting
Insurance Manager
2 -
15
years
exp.
| ₹2.5 L/yr - ₹6.5 L/yr |
Manufacturing
Insurance Manager
1 -
15
years
exp.
| ₹1.5 L/yr - ₹9.6 L/yr |
Retail
Insurance Manager
2 -
15
years
exp.
| ₹2.5 L/yr - ₹10 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 ₹2.2 Lakhs to ₹8.4 Lakhs per year. Salary estimates are based on 515 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
- Kotak Mahindara Life Insurance Insurance Manager Salary - ₹3.9 Lakhs per year
- Axis Max Life Insurance Insurance Manager Salary - ₹3.8 Lakhs per year
- PNB MetLife Insurance Manager Salary - ₹3.7 Lakhs per year
- HDFC Life 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 ₹2.2 Lakhs per year (₹18.3k per month). 2 years 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?
What are the popular/top skills required to become a Insurance Manager?
These are the top skills of a Insurance Manager based on 20 jobs posted by employers.
- Team Management
- Risk Management
- Procurement
- Insurance Sales
- Life Insurance
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