Edelweiss Life Insurance Mumbai Cluster Manager Salaries by 4 Employees (Updated 2025)

12 - 17 years exp.

₹8.8 Lakhs - ₹12.5 Lakhs

Salary of majority employees

At par with the average Cluster Manager Salary in Insurance Companies for 12 - 17 years of experience

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Last Updated: 30 Oct 2024

Companies similar to Edelweiss Life Insurance for Cluster Manager in Mumbai

Edelweiss Life Insurance Cluster Manager Salary

12 - 17 years exp. (4 salaries)

₹8.8 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Cluster Manager Salary 11 - 15 years exp. (5 salaries)	₹6.5 L/yr - ₹13.5 L/yr 1% less
HDFC Life Cluster Manager Salary 6 - 16 years exp. (24 salaries)	₹6 L/yr - ₹11.5 L/yr 9% less	1 job opening
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Max Life Insurance Cluster Manager Salary 6 - 15 years exp. (18 salaries)	₹5.1 L/yr - ₹13.9 L/yr 5% more	1 job opening
Bajaj Allianz Life Insurance Cluster Manager Salary 5 - 14 years exp. (5 salaries)	₹5 L/yr - ₹14.3 L/yr 7% less
Reliance Nippon Life Insurance Cluster Manager Salary 15 - 16 years exp. (4 salaries)	₹7.8 L/yr - ₹15 L/yr 1% more
Kotak Mahindara Life Insurance Cluster Manager Salary 7 - 10 years exp. (3 salaries)	₹7.3 L/yr - ₹12.5 L/yr 2% more
Aditya Birla Sun Life Insurance Cluster Manager Salary 1 - 13 years exp. (32 salaries)	₹6.8 L/yr - ₹14 L/yr 3% more
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 12 years exp. (12 salaries)	₹7 L/yr - ₹11 L/yr 17% less
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (7 salaries)	₹5.5 L/yr - ₹10.3 L/yr 18% less
Aviva Life Insurance India Cluster Manager Salary 22 - 27 years exp. (3 salaries)	₹16.1 L/yr - ₹19.4 L/yr 81% more

Cluster Manager salary at Edelweiss Life Insurance ranges between ₹8.8 Lakhs to ₹12.5 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Edelweiss Life Insurance.

Experience wise Edelweiss Life Insurance Cluster Manager salaries in Mumbai

Last Updated: 30 Oct 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹17.6 L/yr
13 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹17.9 L/yr
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14 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹12.5 L/yr
15+ years (AmbitionBox Estimate)	₹10 L/yr - ₹18.9 L/yr

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Salary related reviews for Edelweiss Life Insurance

3.9

Rated by 2 employees for salary & benefits

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.

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

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....

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.

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.

Process Analyst (working remotely)

Full Time

Risk Management & Compliance Department

3.0

• posted on 05 Aug 2024

2.0

for Salary and Benefits

Likes

Job Security Learning Work Life Balance Super Boss is Friendly Decent Infrastructure Timely Payment of Salary Awards and Recognition People Friendly HR Fun activities Manager allows to take leave Saturday and Sunday off

Dislikes

Manager is strict No playing area Canteen is congested Loss Making company Growth is slow Limited Budget for innovations

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.

Dislikes

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

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Edelweiss Life Insurance Cluster Manager Salary FAQs

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

Cluster Manager salary at Edelweiss Life Insurance in Mumbai ranges between ₹8.8 Lakhs to ₹12.5 Lakhs for experience between 12 years to 17 years. According to our estimates it is 4% less than the average Cluster Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Edelweiss Life Insurance Mumbai.

How does the salary of a Cluster Manager at Edelweiss Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Cluster Manager at Edelweiss Life Insurance is 4% less than the average salary of a Cluster Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Edelweiss Life Insurance to a Cluster Manager in Mumbai?

Aviva Life Insurance India Cluster Manager Salary - ₹16.1 Lakhs to ₹19.4 Lakhs per year
Max Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹13.9 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹6.8 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindara Life Insurance Cluster Manager Salary - ₹7.3 Lakhs to ₹12.5 Lakhs per year
Reliance Nippon Life Insurance Cluster Manager Salary - ₹7.8 Lakhs to ₹15.0 Lakhs per year

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

ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.5 Lakhs to ₹13.5 Lakhs per year
Bajaj Allianz Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹14.3 Lakhs per year
HDFC Life Cluster Manager Salary - ₹6.0 Lakhs to ₹11.5 Lakhs per year
Aditya Birla Health Insurance Co Cluster Manager Salary - ₹7.0 Lakhs to ₹11.0 Lakhs per year
Future Generali India Life Insurance Cluster Manager Salary - ₹5.5 Lakhs to ₹10.3 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Edelweiss Life Insurance ranges between ₹69,673 per month to ₹71,464 per month in Mumbai. The take-home salary calculation is based on the average Edelweiss Life Insurance Cluster Manager salary in India which ranges between ₹8.8 Lakhs to ₹12.5 Lakhs per year for employees with experience between 12 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Edelweiss Life Insurance in Mumbai?

According to AmbitionBox, 67% of the Edelweiss Life Insurance Cluster Managers in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Edelweiss Life Insurance Cluster Manager Salaries in Mumbai

Edelweiss Life Insurance Cluster Manager salary in Mumbai ranges between ₹8.8 Lakhs to ₹12.5 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.