Pramerica Life Insurance Management Trainee Salaries by 4 Employees

0 - 3 years exp.

₹8 Lakhs - ₹14 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% more than the average Management Trainee Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role?

Last Updated: 23 Nov 2024

Companies similar to Pramerica Life Insurance for Management Trainee

Company name	Avg Annual Salary	Open Jobs
Shriram General Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹2.6 L/yr - ₹6.8 L/yr 55% less
Axa XL Management Trainee Salary 0 - 4 years exp. (23 salaries)	₹8.2 L/yr - ₹12 L/yr 2% more
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Cholamandalam MS General Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3.5 L/yr - ₹8 L/yr 52% less
Magma HDI General Insurance Management Trainee Salary 0 - 1 year exp. (17 salaries)	₹4 L/yr - ₹8.5 L/yr 44% less
Marsh Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹9.5 L/yr - ₹17 L/yr 12% more
Allianz Partners Management Trainee Salary 0 - 7 years exp. (13 salaries)	₹2.7 L/yr - ₹4.7 L/yr 64% less
Bharti AXA Life Insurance Management Trainee Salary 0 - 1 year exp. (14 salaries)	₹0.6 L/yr - ₹6 L/yr 57% less
Mahindra Insurance Brokers Management Trainee Salary 0 - 1 year exp. (12 salaries)	₹14 L/yr - ₹15 L/yr 30% more
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 30% less
Liberty General Insurance Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹5 L/yr - ₹10.5 L/yr 27% less
Future Generali India Life Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹3.4 L/yr - ₹9.9 L/yr 34% less
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Aviva Life Insurance India Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹4 L/yr - ₹10 L/yr 42% less
Edelweiss Life Insurance Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 14% less
Universal Sompo General Insurance Management Trainee Salary Fresher (6 salaries)	₹3.5 L/yr - ₹7 L/yr 57% less
IndiaFirst Life Insurance Management Trainee Salary 0 - 4 years exp. (5 salaries)	₹10 L/yr - ₹15 L/yr 13% more
Royal Sundaram General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹2.4 L/yr - ₹10.8 L/yr 47% less
ManipalCigna Health Insurance Management Trainee Salary Fresher (5 salaries)	₹8 L/yr - ₹9 L/yr 26% less
CignaTTk Health Insurance Management Trainee Salary 0 - 2 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 54% less
Medi Assist India Management Trainee Salary 0 - 14 years exp. (3 salaries)	₹3.5 L/yr - ₹9.5 L/yr 33% less

Management Trainee salary at Pramerica Life Insurance ranges between ₹8 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Pramerica Life Insurance.

Experience wise Pramerica Life Insurance Management Trainee salaries

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.4 L/yr - ₹10 L/yr
1 year (AmbitionBox Estimate)	₹8 L/yr - ₹18.2 L/yr
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2 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12 L/yr
3 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹14 L/yr

Similar Designation salaries in Pramerica Life Insurance

Finance Executive Salary

(4 salaries)

₹2.2 L/yr - ₹4.05 L/yr

Accountant Salary

(4 salaries)

₹1 L/yr - ₹4.5 L/yr

Team Lead Salary

(3 salaries)

₹4 L/yr - ₹20 L/yr

Senior Associate Salary

(3 salaries)

₹4.23 L/yr - ₹6 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Deputy Manager Salary

(52 salaries)

₹4.8 L/yr - ₹14.72 L/yr

Relationship Manager Salary

(28 salaries)

₹2 L/yr - ₹5 L/yr

Senior Process Associate Salary

(AmbitionBox Estimate)

₹16.7 L/yr - ₹21.3 L/yr

Senior Accounts Executive Salary

(3 salaries)

₹3.4 L/yr - ₹4.8 L/yr

Salary related reviews for Pramerica Life Insurance

Relationship Manager in Ambala

Education /school empanalment , team development ,And policy sale Department

2.0

• posted on 06 Sep 2017

5.0

for Salary and Benefits

Likes

I had a great experiance before joining when i worked as a commision agent only and just working for 24 percent commision even though i didn't have any license . Iwas just a commission agent .

Salary - Excellent

+4 more

Dislikes

...nise an activity there they denided to finance it .but i did on my own account . And there was 2 month and 17 day that i haven't recived my salary . So i regined . As i was left with no money to stay in ambala.

Job security - Poor

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Associate Sales Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 31 May 2024

1.0

for Salary and Benefits

Likes

Work timings and on time salary

Dislikes

Worst company I have ever worked. No professional management. No response from the HR management. The branch manager of vizag branch very worst. If anythings doesnot goes according to him he simply keeps unpaid to the whole month employees attendance which will lead to loss of pay. If we complaint to HR level then also they won't take any action. The BM even asks money from the customers for settling death claims. He does not know how to talk with the employees. He does not have any BM qualities and qualifications.

Salary - Bad

+6 more

Senior Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2023

2.0

for Salary and Benefits

Likes

Nothing.

Dislikes

In my vertical it isn't a right place to work with. This is the fake institutional business channel, more over you had to source your own business and also don't rely on the support of the corporate agent(Broking Partner). Please think twice before joining in the IB Vertical.

Salary - Poor

+3 more

Renewal Executive in Ranchi

Full Time

Procurement & Supply Chain Department

5.0

• posted on 13 Apr 2018

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology

Salary - Excellent

+3 more

Dislikes

Compensation is decent but growth is very slow. The work pressure is very high . I have to work 13 - 14 hours straight in a day as I have to attend customer call in the evening and some time late night received con call

UH in Kolkata

BFSI, Investments & Trading Department

1.0

• posted on 28 Apr 2021

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...g terms unnecessary pressure and demean you in all forms and then kick you out. Dont be fooled by the first impression or salary or the office, tea coffe making machine All are just to hide their real dark faces behind. YOU WILL WORK ROUND THE CLOCK, NO WORK LIFE BALANCE. This is a cousin of Byjus in short. They will ruin your RESUME, YOUR IDENTITY, CONFIDENCE IN LIFE, YOUR PHYSICAL - MENTAL HEALTH. DON'T JOIN THIS SCAM.

Salary - Bad

+6 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Pramerica Life Insurance Management Trainee Salary FAQs

What is the salary of Management Trainee at Pramerica Life Insurance ?

The average salary of a Management Trainee at Pramerica Life Insurance in India typically ranges from ₹8.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Management Trainee at Pramerica Life Insurance earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Management Trainee Salaries at Pramerica Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Pramerica Life Insurance employees in India.

What is the estimated take home salary of a Management Trainee at Pramerica Life Insurance in India?

The estimated take-home salary of a Management Trainee at Pramerica Life Insurance in India typically ranges from ₹78,087 to ₹80,115 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from Fresher to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Pramerica Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Pramerica Life Insurance for Management Trainee in India?

Mahindra Insurance Brokers	₹14.0 Lakhs to ₹15.0 Lakhs per year
IndiaFirst Life Insurance	₹10.0 Lakhs to ₹15.0 Lakhs per year
Marsh	₹9.5 Lakhs to ₹17.0 Lakhs per year
Axa XL	₹8.2 Lakhs to ₹12.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Pramerica Life Insurance, depending on the role and experience level.

What is the salary of a Management Trainee in companies similar to Pramerica Life Insurance in India?

The salary of a Management Trainee at companies similar to Pramerica Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance	₹4.5 Lakhs to ₹13.0 Lakhs per year
ManipalCigna Health Insurance	₹8.0 Lakhs to ₹9.0 Lakhs per year
Liberty General Insurance	₹5.0 Lakhs to ₹10.5 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹12.0 Lakhs per year
Medi Assist India	₹3.5 Lakhs to ₹9.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Management Trainee at Pramerica Life Insurance in India?

The salary growth for a Management Trainee at Pramerica Life Insurance depends on factors such as experience, performance, and promotions. On average, a Management Trainee can expect the following growth trajectory at Pramerica Life Insurance:

Experience	Average Salary Range
Fresher	₹3.4 Lakhs to ₹10.0 Lakhs per year
1 year	₹8.0 Lakhs to ₹18.2 Lakhs per year
2 years	₹4.7 Lakhs to ₹12.0 Lakhs per year
3 years	₹5.3 Lakhs to ₹14.0 Lakhs per year

and so on.

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Pramerica Life Insurance Management Trainee Salaries

Pramerica Life Insurance Management Trainee salary in India ranges between ₹8 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Pramerica Life Insurance latest salaries received from various employees of Pramerica Life Insurance.