Edelweiss Life Insurance Mumbai Area Manager Salaries by 4 Employees

12 - 16 years exp.

₹13.5 Lakhs - ₹15.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

39% more than the average Area Manager Salary in Insurance Companies for 12 - 16 years of experience

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Last Updated: 24 May 2024

Companies similar to Edelweiss Life Insurance for Area Manager in Mumbai

Edelweiss Life Insurance Area Manager Salary

12 - 16 years exp. (4 salaries)

₹13.5 L/yr - ₹15.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (6 salaries)	₹9 L/yr - ₹12 L/yr 25% less
Cholamandalam MS General Insurance Area Manager Salary 9 - 15 years exp. (6 salaries)	₹8.1 L/yr - ₹10.5 L/yr 36% less
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Liberty General Insurance Area Manager Salary 9 - 21 years exp. (6 salaries)	₹14 L/yr - ₹18 L/yr 5% more
Future Generali India Life Insurance Area Manager Salary 13 - 18 years exp. (5 salaries)	₹15.5 L/yr - ₹16.8 L/yr 13% more	2 job openings
Bharti AXA Life Insurance Area Manager Salary 9 - 17 years exp. (4 salaries)	₹8 L/yr - ₹15 L/yr 22% less
Aditya Birla Health Insurance Co Area Manager Salary 10 - 13 years exp. (3 salaries)	₹8.8 L/yr - ₹13.5 L/yr 29% less

Area Manager salary at Edelweiss Life Insurance ranges between ₹13.5 Lakhs to ₹15.2 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Edelweiss Life Insurance.

Experience wise Edelweiss Life Insurance Area Manager salaries in Mumbai

Last Updated: 24 May 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.8 L/yr
13 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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14 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr
15+ years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr

Similar Designation salaries in Edelweiss Life Insurance

Territory Manager Salary

(6 salaries)

₹6 L/yr - ₹7.5 L/yr

Cluster Manager Salary

(4 salaries)

₹8.8 L/yr - ₹12.5 L/yr

Marketing Manager Salary

(4 salaries)

₹14 L/yr - ₹20 L/yr

Business Manager Salary

(3 salaries)

₹4.5 L/yr - ₹7.7 L/yr

Branch Manager Salary

(3 salaries)

₹6.6 L/yr - ₹7 L/yr

Regional Manager Salary

(3 salaries)

₹9 L/yr - ₹30 L/yr

Top skills at Edelweiss Life Insurance for Area Manager

Bancassurance

Salary related reviews for Edelweiss Life Insurance

Territory Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 30 Dec 2022

5.0

for Salary and Benefits

Likes

On time salary. Friendly environment. Good office set up. Excellent customer service. Good ethics on all parameters.

Salary - Excellent

+5 more

Dislikes

No training and development on career point of views and work related training Updation

Housekeeping Supervisor in Chennai

Full Time

Food, Beverage & Hospitality Department

2.0

• posted on 11 Sep 2023

3.0

for Salary and Benefits

Likes

function time there provide foods for all staff's

Skill development - Good

Dislikes

salary is very low. there didn't increase. 4 years am working but my salary 8000 only. thats why i resign my job. qm waiting more than 4 month for my pension .still there didn't provide my pension amount and experience amount....

Job security - Bad

+2 more

Branch Operation Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Aug 2023

2.0

for Salary and Benefits

Likes

...abt com. 1st Three hears was good, but after covid company behaving like weird. No hike No proposion No increment Branch counter guy sent for premium collection like recovery officer.

Skill development - Good

+1 more

Dislikes

No balance in professional n personal. No time limit. Hr's are just show piese for other than sales recruitment. Only sales oriented company, which is good for company but not for employees.

Salary - Poor

+3 more

Branch Operation Executive in Varanasi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 25 Jun 2020

3.0

for Salary and Benefits

Likes

There are supportive senior boss. In covid19 salary not break it's release every last day of month. All work perform work from home.

Promotions - Good

Dislikes

There are job role branch operations executive but still add some extra profile like calling to customer, collect renuwal like target based.

Trainer in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 28 Apr 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture. Company policies are good, appraisala are fair and they give good .

Skill development - Excellent

+2 more

Dislikes

Salary is decent but career growth is slow There is a bond of 2years before which you cannot resign.

Promotions - Poor

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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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Edelweiss Life Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Edelweiss Life Insurance in Mumbai?

The average salary of a Area Manager at Edelweiss Life Insurance in Mumbai typically ranges from ₹13.5 Lakhs to ₹15.2 Lakhs per year, depending on experience (from 12 years to 16 years).

The top 10% of Area Manager in Mumbai at Edelweiss Life Insurance earn more than ₹15.2 Lakhs per year, and the top 1% earn over ₹15.2 Lakhs per year. Area Manager Salaries at Edelweiss 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 Edelweiss Life Insurance employees in India.

What is the estimated take home salary of a Area Manager at Edelweiss Life Insurance in Mumbai?

The estimated take-home salary of a Area Manager at Edelweiss Life Insurance in Mumbai typically ranges from ₹99,952 to ₹1,02,672 per month. This is based on the average salary range of ₹13.5 Lakhs to ₹15.2 Lakhs per year for employees with experience ranging from 12 years to 16 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 Edelweiss Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at Edelweiss Life Insurance in Mumbai?

Bancassurance is a popular skill required to work as a Area Manager at Edelweiss Life Insurance.

Which companies offer higher salaries than Edelweiss Life Insurance for Area Manager in India?

Future Generali India Life Insurance	₹15.5 Lakhs to ₹16.8 Lakhs per year
Liberty General Insurance	₹14.0 Lakhs to ₹18.0 Lakhs per year

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

What is the salary of a Area Manager in companies similar to Edelweiss Life Insurance in Mumbai?

The salary of a Area Manager at companies similar to Edelweiss Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bharti AXA Life Insurance	₹8.0 Lakhs to ₹15.0 Lakhs per year
Aviva Life Insurance India	₹9.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Health Insurance Co	₹8.8 Lakhs to ₹13.5 Lakhs per year
Cholamandalam MS General Insurance	₹8.1 Lakhs to ₹10.5 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 Area Manager at Edelweiss Life Insurance in Mumbai?

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

Experience	Average Salary Range
12 years	₹12.4 Lakhs to ₹15.8 Lakhs per year
13 years	₹12.6 Lakhs to ₹16.1 Lakhs per year
14 years	₹12.8 Lakhs to ₹16.3 Lakhs per year
15 years	₹13.4 Lakhs to ₹17.1 Lakhs per year

and so on.

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Edelweiss Life Insurance Area Manager Salaries in Mumbai

Edelweiss Life Insurance Area Manager salary in Mumbai ranges between ₹13.5 Lakhs to ₹15.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Edelweiss Life Insurance latest salaries received from various employees of Edelweiss Life Insurance.