Coverfox Mumbai Insurance Adviser Salaries by 3 Employees

1 - 4 years exp.

₹2.5 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

10% more than the average Insurance Adviser Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Adviser Salary 1 year exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
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Sales & Business Development Insurance Adviser Salary 2 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹3.9 L/yr

Last Updated: 14 Mar 2023

Companies similar to Coverfox for Insurance Adviser in Mumbai

Coverfox Insurance Adviser Salary

1 - 4 years exp. (3 salaries)

₹2.5 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Insurance Adviser Salary 3 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹5 L/yr 14% more
Life Insurance Corporation of India Insurance Adviser Salary 1 - 20 years exp. (48 salaries)	₹0.9 L/yr - ₹7 L/yr 1% less
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Willis Towers Watson Insurance Adviser Salary 1 - 4 years exp. (13 salaries)	₹3 L/yr - ₹6 L/yr 17% more
Axis Max Life Insurance Insurance Adviser Salary 1 - 6 years exp. (8 salaries)	₹1 L/yr - ₹3.6 L/yr 30% less	1 job opening
PolicyBazaar Insurance Adviser Salary 0 - 4 years exp. (8 salaries)	₹2.3 L/yr - ₹3.5 L/yr At par

Insurance Adviser salary at Coverfox ranges between ₹2.5 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Coverfox.

Experience wise Coverfox Insurance Adviser salaries in Mumbai

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr

Salary related reviews for Coverfox

5.0

Rated by 1 employees for salary & benefits

Senior Manager in Mumbai

Full Time

Sales & Business Development Department

2.0

• posted on 07 Mar 2024

3.0

for Salary and Benefits

Likes

For tech people, all guys leaves around 8 PM daily, for other they leave at 6PM. There are only 120 employees in this company

Company culture - Good

+1 more

Dislikes

JOB SECURITY- This company running on Losses, dependent on Investors to pay salary, 2 Months salary was not paid to all companies on Jan 2023 and Feb 2023, which still remains uppaid to this date. Forget appraisels, Appraisels are suppose to happen on april, but they conduct it on november, and that too dosnt give any hike..and they say that company is having lack of funds hence cannot give appraisals, If you are planning to join this company, negotiate to remove your variable amount and add it to your fixed, because dont expect to get variable component in this company.

Skill development - Bad

+3 more

HR MIS Executive in Chandivali

Data Science & Analytics Department

5.0

• posted on 02 Oct 2020

4.0

for Salary and Benefits

Likes

... leave coverfox supported me and helped to save my job and me time to stay safe. Company policy are Excellent they given good salary hike as usual every year coverfox team mates are very supportive and helpful.

Salary - Good

+6 more

Dislikes

Never given chance to grap.better opportunity to change my carrier.carrier growth is not high.

Team Lead Operations in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 16 Jul 2024

5.0

for Salary and Benefits

Likes

1) All the staffing are very cooperative 2) I made more friends 3) Learning has no barrier - Go and get done by your own leadership, is the culture which is very liked 4) Work life balance is great which is best in the industry

Salary - Excellent

+6 more

Dislikes

Travel to the office is in this location is not really great from my home. Auto-Mumbai Local-Metro-Auto and vise-versa for home.

Senior SEO Executive in Mumbai

Full Time

Marketing & Communication Department

5.0

• posted on 19 Jul 2024

5.0

for Salary and Benefits

Likes

Coverfox Insurance Broking Pvt. Ltd. has received positive reviews from both customers and employees. Customers appreciate the case of comparing and buying insurance policies online, with an average rating of 4 out of 5 based on 64 reviews. The company is also recognized for its diverse and inclusive environment and strong senior management.

Salary - Excellent

+6 more

Chief Staff in Mumbai

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 23 Jul 2024

5.0

for Salary and Benefits

Likes

That the scope of growth, exposure, learning & culture is great. They treat everyone with a lot of respect. I get a lot of freedom to work the way I want to.

Salary - Excellent

+6 more

Dislikes

Sometimes the variety of work might be too much

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Coverfox Insurance Adviser Salary FAQs

How the salary growth look like for a Insurance Adviser at Coverfox in Mumbai?

The salary growth for a Insurance Adviser at Coverfox in Mumbai depends on factors such as experience, performance, and promotions. On average, a Insurance Adviser in Mumbai can expect the following growth trajectory at Coverfox:

Experience	Average Salary Range
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.4 Lakhs to ₹4.3 Lakhs per year

and so on.

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Coverfox Insurance Adviser Salaries in Mumbai

Coverfox Insurance Adviser salary in Mumbai ranges between ₹2.5 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Coverfox latest salaries received from various employees of Coverfox.