Insurance Manager
Annual salary range
₹2.4 Lakhs - ₹17 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byInsurance Manager Salary in Mumbai (Updated 2025)
based on 84
latest salaries
• updated:
18 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Insurance Manager Salary in Mumbai ranges between ₹2.4 Lakhs to ₹17 Lakhs for 2 years of experience to 15 years of experience. Salary estimates are based on 84 latest salaries received from Insurance Manager.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Axis Max Life Insurance Insurance Manager Salary
2 years exp |  | |
| | ||
 Insurance Manager Salary
2 years exp | | |
 Insurance Manager Salary
2 years exp | | |
 Insurance Manager Salary
2 years exp | | |
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View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
|
1 -
5
yrs
exp.
.
Mumbai
(6 salaries)
|
₹2.7 L/yr - ₹5.5 L/yr | |
14 -
18
yrs
exp.
.
Mumbai
(4 salaries)
|
₹7.5 L/yr - ₹10 L/yr | |
Login to view exact salary
| ||
12 -
18
yrs
exp.
.
Mumbai
(4 salaries)
|
₹8.6 L/yr - ₹13 L/yr | |
|
2 -
7
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3 L/yr - ₹4.1 L/yr | |
5 -
9
yrs
exp.
.
Mumbai
(3 salaries)
|
₹4.3 L/yr - ₹7.7 L/yr | |
7 -
9
yrs
exp.
.
Mumbai
(3 salaries)
|
₹4 L/yr - ₹5 L/yr | |
7 -
9
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3.6 L/yr - ₹4.6 L/yr | |
|
1 -
7
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3.1 L/yr - ₹6 L/yr | |
Login to view exact salary
| ||
11 -
14
yrs
exp.
.
Mumbai
(3 salaries)
|
₹13 L/yr - ₹14.7 L/yr | |
11 -
16
yrs
exp.
.
Mumbai
(3 salaries)
|
₹18 L/yr - ₹23 L/yr | |
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
Insurance Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(1
salaries)
| ₹2 L/yr - ₹2 L/yr |
2
years
(5
salaries)
| ₹2.5 L/yr - ₹4.3 L/yr |
Login to view exact salary
| |
3
years
(6
salaries)
| ₹1.9 L/yr - ₹4.7 L/yr |
4
years
(5
salaries)
| ₹3 L/yr - ₹5 L/yr |
5
years
(9
salaries)
| ₹3.2 L/yr - ₹25 L/yr |
View all salaries by experience
Insurance Manager Jobs in Mumbai
Insurance Manager
· 12-20 years
J Kumar
Mumbai
Insurance Manager
· 6-10 years
MedPlus Health Services Limited
₹6
L/yr
- ₹9.5
L/yr
Hyderabad / Secunderabad
Insurance Manager
· 0-2 years
NJ Group
₹3
L/yr
- ₹4
L/yr
Bangalore / Bengaluru
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Branch Manager Salary
4 -
17
years
exp.
(2.6k salaries)
| ₹3.1 L/yr - ₹22.5 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(70.2k salaries)
| ₹3 L/yr - ₹16.6 L/yr |
Login to view exact salary
| |
Store Manager Salary
3 -
16
years
exp.
(3.7k salaries)
| ₹2.4 L/yr - ₹10 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(30.1k salaries)
| ₹8 L/yr - ₹36 L/yr |
Sales Manager Salary
2 -
15
years
exp.
(13.1k salaries)
| ₹2.8 L/yr - ₹18 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Manager
PNB MetLife
Insurance Manager in Lucknow
• posted on 30 Nov 2021
Likes
Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming and party’s arcade for chilling. Company policies are good .
read more- Salary - Excellent
+5 more
Dislikes
Career growth is slow . Promotion and salary growth is slow.
Future 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
HDFC Life
Territory Manager in Kochi
• posted on 30 May 2024
Likes
SHOULD HAVE SALARY CORRECTION AS PER STANDARD RATE...SALARY FOR L2 IS LOW COMPARE TO OTHERS INSURANCE COMPANIES
read more- Job security - Good
+1 more
Dislikes
Need more Learning secession to improve employee Efficency
Bajaj Allianz Life Insurance
Assistant Manager in Pune
• 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
Insurance Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Insurance Manager
2 -
15
years
exp.
| ₹1.8 L/yr - ₹11.5 L/yr |
Bangalore / Bengaluru
Insurance Manager
2 -
15
years
exp.
| ₹2.2 L/yr - ₹10.2 L/yr |
Login to view exact salary
| |
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 |
Gurgaon / Gurugram
Insurance Manager
2 -
15
years
exp.
| ₹1.2 L/yr - ₹15 L/yr |
View More
Insurance Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Insurance Manager
2 -
15
years
exp.
| ₹2.2 L/yr - ₹8 L/yr |
Insurance Insurance Manager
2 -
15
years
exp.
| ₹2.1 L/yr - ₹6.6 L/yr |
Login to view exact salary
| |
Automobile Insurance Manager
1 -
15
years
exp.
| ₹1.2 L/yr - ₹6.8 L/yr |
Manufacturing Insurance Manager
1 -
15
years
exp.
| ₹1.7 L/yr - ₹9 L/yr |
Banking / Insurance / Accounting Insurance Manager
2 -
15
years
exp.
| ₹2.5 L/yr - ₹6.5 L/yr |
View More
Frequently Asked Questions (FAQS) about Insurance Manager Salaries
What is the salary of a Insurance Manager in India?
The salary of a Insurance Manager in India varies based on experience, location, company & Industry.
On average, Insurance Manager salaries ranges from ₹2.4 Lakhs to ₹17.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.4 Lakhs to ₹17.0 Lakhs per year, with the highest salary reaching ₹2.3 Lakhs to ₹3.9 Lakhs per year. Salary estimates are based on 84 salaries received from various Insurance Managers across industries.
The average starting salary is around ₹2.4 Lakhs to ₹17.0 Lakhs per year, with the highest salary reaching ₹2.3 Lakhs to ₹3.9 Lakhs per year. Salary estimates are based on 84 salaries received from various Insurance Managers across industries.
What are the top paying companies that employ Insurance Managers?
Insurance Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Axis Max Life Insurance Insurance Manager Salary | ₹2.3 Lakhs to ₹3.9 Lakhs per year |
| Kotak Mahindara Life Insurance Insurance Manager Salary | ₹2.5 Lakhs to ₹4 Lakhs per year |
| HDFC Life Insurance Manager Salary | ₹2.5 Lakhs to ₹4.3 Lakhs per year |
| PNB MetLife Insurance Manager Salary | ₹0.6 Lakhs to ₹3.9 Lakhs per year |
| Bajaj Allianz Life Insurance Insurance Manager Salary | ₹2.6 Lakhs to ₹4.3 Lakhs per year |
What are the top paying cities for Insurance Manager in India?
The annual salary for Insurance Manager in India varies by location. Top paying cities for Insurance Manager are
Salary expectations for Insurance Manager may vary based on job roles, experience, and specific employer requirements.
| Insurance Manager Salary in New Delhi | ₹1.8 Lakhs to ₹11.5 Lakhs per year |
| Insurance Manager Salary in Bangalore / Bengaluru | ₹2.2 Lakhs to ₹10.2 Lakhs per year |
| Insurance Manager Salary in Chennai | ₹1.5 Lakhs to ₹7.7 Lakhs per year |
| Insurance Manager Salary in Pune | ₹2.5 Lakhs to ₹17.5 Lakhs per year |
| Insurance Manager Salary in Gurgaon / Gurugram | ₹1.2 Lakhs to ₹15.0 Lakhs per year |
What are the top paying industries for Insurance Manager in India?
Top 5 paying Industries for Insurance Manager in India are:
| Insurance Manager Salary in Financial Services | ₹2.2 Lakhs to ₹8.0 Lakhs per year |
| Insurance Manager Salary in Insurance | ₹2.1 Lakhs to ₹6.6 Lakhs per year |
| Insurance Manager Salary in Automobile | ₹1.2 Lakhs to ₹6.8 Lakhs per year |
| Insurance Manager Salary in Manufacturing | ₹1.7 Lakhs to ₹9.0 Lakhs per year |
| Insurance Manager Salary in Banking / Insurance / Accounting | ₹2.5 Lakhs to ₹6.5 Lakhs per year |
How does experience affect salaries of a Insurance Manager in India?
Experience significantly impacts a Insurance Manager salary in India. Salaries increase with experience, as Insurance Manager take on more complex tasks, responsibilities, and leadership roles.
Insurance Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹2.0 Lakhs to ₹2.0 Lakhs per year |
| 2 years | ₹2.5 Lakhs to ₹4.3 Lakhs per year |
| 3 years | ₹1.9 Lakhs to ₹4.7 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹5.0 Lakhs per year |
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