Coverfox Mumbai Senior Manager Salaries by 5 Employees (Updated 2024)

4 - 7 years exp.

₹12 Lakhs - ₹22.7 Lakhs

Salary of majority employees

30% less than the average Senior Manager Salary in Insurance Companies for 4 - 7 years of experience

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Salaries in different departments

Marketing & Communication Senior Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹13.4 L/yr
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Consulting Senior Manager Salary 7 years exp. (AmbitionBox Estimate)	₹20.4 L/yr - ₹25 L/yr

Last Updated: 7 Mar 2024

Companies similar to Coverfox for Senior Manager in Mumbai

Coverfox Senior Manager Salary

4 - 7 years exp. (5 salaries)

₹12 L/yr - ₹22.7 L/yr

Company name	Avg Annual Salary	Open Jobs
PolicyBazaar Senior Manager Salary 10 - 16 years exp. (3 salaries)	₹12.5 L/yr - ₹20.5 L/yr 1% more
Digit Insurance Senior Manager Salary 5 - 14 years exp. (6 salaries)	₹16 L/yr - ₹25.5 L/yr 39% more
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Turtlemint Senior Manager Salary 5 - 10 years exp. (12 salaries)	₹10.3 L/yr - ₹15.1 L/yr 1% more
Reliance General Insurance Senior Manager Salary 7 - 17 years exp. (32 salaries)	₹6.5 L/yr - ₹15 L/yr 30% less
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (490 salaries)	₹4.5 L/yr - ₹14.8 L/yr 33% less	1 job opening
HDFC Ergo General Insurance Senior Manager Salary 6 - 19 years exp. (91 salaries)	₹7 L/yr - ₹25 L/yr At par
Tata AIA Life Insurance Senior Manager Salary 8 - 20 years exp. (158 salaries)	₹12 L/yr - ₹38 L/yr 69% more	13 job openings
Marsh India Insurance Brokers Senior Manager Salary 6 - 10 years exp. (29 salaries)	₹11.5 L/yr - ₹24.5 L/yr 24% more
Alliance Insurance Brokers Senior Manager Salary 3 - 16 years exp. (27 salaries)	₹9 L/yr - ₹15 L/yr 22% less
Kotak Mahindra General Insurance Senior Manager Salary 6 - 16 years exp. (22 salaries)	₹6.7 L/yr - ₹13 L/yr 34% less
Bajaj Allianz Life Insurance Senior Manager Salary 0 - 12 years exp. (20 salaries)	₹8.7 L/yr - ₹23.7 L/yr 11% less	2 job openings
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Aditya Birla Insurance Brokers Senior Manager Salary 3 - 20 years exp. (19 salaries)	₹9.4 L/yr - ₹16.2 L/yr 18% less
Prudent Insurance Brokers Senior Manager Salary 5 - 13 years exp. (10 salaries)	₹8 L/yr - ₹16 L/yr 9% less
Health India Tpa Services Senior Manager Salary 16 - 22 years exp. (7 salaries)	₹9.5 L/yr - ₹12 L/yr 32% less
Tata Motors Insurance Broking And Advisory Services Senior Manager Salary 10 - 30 years exp. (3 salaries)	₹7.6 L/yr - ₹25.2 L/yr 5% more

Senior Manager salary at Coverfox ranges between ₹12 Lakhs to ₹22.7 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Coverfox.

Experience wise Coverfox Senior Manager salaries in Mumbai

Last Updated: 7 Mar 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
5 years (3 salaries)	₹12 L/yr - ₹15 L/yr
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7 years (AmbitionBox Estimate)	₹20.4 L/yr - ₹26.1 L/yr

Similar Designation salaries in Coverfox

Relationship Manager Salary

(5 salaries)

₹3.4 L/yr - ₹4.65 L/yr

Business Manager Salary

(4 salaries)

₹10 L/yr - ₹11 L/yr

Team Lead Salary

(3 salaries)

₹4 L/yr - ₹5 L/yr

Salary related reviews for Coverfox

3.5

Rated by 3 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

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.

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.

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

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.

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.

Dislikes

Sometimes the variety of work might be too much

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Coverfox Senior Manager Salary FAQs

What is the salary of Senior Manager at Coverfox Mumbai?

Senior Manager salary at Coverfox in Mumbai ranges between ₹12.0 Lakhs to ₹22.7 Lakhs for experience between 4 years to 7 years. According to our estimates it is 30% less than the average Senior Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Coverfox Mumbai.

How does the salary of a Senior Manager at Coverfox Mumbai compare with the average salary range for this job?

The average salary of a Senior Manager at Coverfox is 30% less than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Coverfox to a Senior Manager in Mumbai?

Tata AIA Life Insurance Senior Manager Salary - ₹12.0 Lakhs to ₹38.0 Lakhs per year
Digit Insurance Senior Manager Salary - ₹16.0 Lakhs to ₹25.5 Lakhs per year
Marsh India Insurance Brokers Senior Manager Salary - ₹11.5 Lakhs to ₹24.5 Lakhs per year
Tata Motors Insurance Broking And Advisory Services Senior Manager Salary - ₹7.6 Lakhs to ₹25.2 Lakhs per year
PolicyBazaar Senior Manager Salary - ₹12.5 Lakhs to ₹20.5 Lakhs per year

What is the salary of a Senior Manager in companies similar to Coverfox in Mumbai?

Turtlemint Senior Manager Salary - ₹10.3 Lakhs to ₹15.1 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Prudent Insurance Brokers Senior Manager Salary - ₹8.0 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Manager Salary - ₹8.7 Lakhs to ₹23.7 Lakhs per year
Aditya Birla Insurance Brokers Senior Manager Salary - ₹9.4 Lakhs to ₹16.2 Lakhs per year

What is the estimated take home salary of a Senior Manager at Coverfox in Mumbai?

The estimated take-home salary of a Senior Manager at Coverfox ranges between ₹1,02,481 per month to ₹1,05,283 per month in Mumbai. The take-home salary calculation is based on the average Coverfox Senior Manager salary in India which ranges between ₹12.0 Lakhs to ₹22.7 Lakhs per year for employees with experience between 4 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at Coverfox in Mumbai?

According to AmbitionBox, 100% of the Coverfox Senior Managers in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Coverfox Senior Manager Salaries in Mumbai

Coverfox Senior Manager salary in Mumbai ranges between ₹12 Lakhs to ₹22.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Coverfox latest salaries received from various employees of Coverfox.