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General Insurance Corporation of India Assistant Manager salaries in Mumbai

Annual salary range
2 - 6 years exp.
₹12 Lakhs - ₹18 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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76% more than the average Assistant Manager Salary in Insurance Companies for 2 - 6 years of experience

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Salaries in different departments

Legal & Regulatory
Assistant Manager Salary
4 - 6 years exp. (3 salaries)
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₹13.5 L/yr - ₹18 L/yr

Finance & Accounting
Assistant Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹15 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹13 L/yr - ₹15.6 L/yr

Last Updated: 16 Mar 2023

Companies similar to General Insurance Corporation of India for Assistant Manager in Mumbai

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General Insurance Corporation of India Assistant Manager Salary

2 - 6 years exp. (9 salaries)

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₹12 L/yr - ₹18 L/yr

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Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹9.5 L/yr

arrow icon 61% less
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Medi Assist India Assistant Manager Salary

5 - 14 years exp. (85 salaries)

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₹3.5 L/yr - ₹8 L/yr

arrow icon 57% less
2 job openings
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₹4.1 L/yr - ₹12.5 L/yr

arrow icon 42% less
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₹4.4 L/yr - ₹12.2 L/yr

arrow icon 47% less
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₹4 L/yr - ₹8 L/yr

arrow icon 59% less
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₹3.8 L/yr - ₹16.5 L/yr

arrow icon 37% less
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₹3.3 L/yr - ₹9 L/yr

arrow icon 55% less
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₹4 L/yr - ₹11.1 L/yr

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₹4.2 L/yr - ₹9 L/yr

arrow icon 61% less
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Aegon Life Insurance Assistant Manager Salary

4 - 15 years exp. (40 salaries)

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₹3.5 L/yr - ₹9.3 L/yr

arrow icon 59% less
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₹1.7 L/yr - ₹6.2 L/yr

arrow icon 73% less
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₹3.5 L/yr - ₹11.5 L/yr

arrow icon 44% less
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Family Health Plan Assistant Manager Salary

5 - 10 years exp. (13 salaries)

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₹3 L/yr - ₹4.9 L/yr

arrow icon 72% less
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Policyboss.com Assistant Manager Salary

4 - 13 years exp. (10 salaries)

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₹3.4 L/yr - ₹6.4 L/yr

arrow icon 67% less
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₹11 L/yr - ₹15.5 L/yr

arrow icon 16% less
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₹11 L/yr - ₹16.5 L/yr

arrow icon 2% less
Assistant Manager salary at General Insurance Corporation of India ranges between ₹12 Lakhs to ₹18 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 9 latest salaries received from various employees of General Insurance Corporation of India.

Experience wise General Insurance Corporation of India Assistant Manager salaries in Mumbai

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹13 L/yr - ₹16.7 L/yr
3 years (AmbitionBox Estimate)

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₹13.1 L/yr - ₹16.8 L/yr
4 years  (4 salaries)

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₹13 L/yr - ₹16 L/yr
5 years (AmbitionBox Estimate)

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₹13.3 L/yr - ₹17 L/yr
6 years (AmbitionBox Estimate)

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₹13.4 L/yr - ₹17.2 L/yr

Similar Designation salaries in General Insurance Corporation of India

Deputy Manager Salary
(9 salaries)
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₹12 L/yr - ₹30 L/yr

Salary related reviews for General Insurance Corporation of India

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Legal & Regulatory Department

1.0
  •  posted on 01 Jun 2022

1.0
 for  Salary and Benefits

Likes

...the only thing that is in favor of GIC. There is little to no skill development. The compensation structure is a decade old. The toxic culture of the company has forced many to leave the company. No one takes responsibility. The only question asked before making a decision is "auditor kya bolega?" The company lacks vision and the pathetic management makes matter worse. You can be assured of promotion but that comes at it's own pace.

read more
  • Job security - Excellent
  • +1 more

Dislikes

There is a lack of communication in the team I am working for. Assignments are given based on how much face time one wants with the management. A lot of energy goes into doing tasks that are not required. There is no leader only a boss.

read more
  • Salary - Bad
  • +3 more

Intern

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Project & Program Management Department

2.0
  •  posted on 28 Sep 2024

1.0
 for  Salary and Benefits

Likes

What Benefits: Some say the company offers good benefits, including medical, furniture, and lease allowances. 

  • Skill development - Good

Dislikes

... of the month.    Politics Some employees say there are politics at the company.    Salary Some employees say that their salary increase is not commensurate with their level.    Accusations of vested interest Some employees say that if they provide good service, they are accused of having a vested interest

read more
  • Salary - Bad
  • +3 more

Full Time

 · 

Other Department

5.0
  •  posted on 02 Mar 2024

5.0
 for  Salary and Benefits

Likes

I woked here for more than 30 years with great zeal, motivation, learned lot of things about insurance, printing, Training etc...I liked my work very much

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  • Salary - Excellent
  • +6 more

Dislikes

I didnt dislike General Institute...After my retirement I want to go into other fields..And want to learn. More

BFSI, Investments & Trading Department

5.0
  •  posted on 15 Apr 2018

5.0
 for  Salary and Benefits

Likes

Very good team leaders, continuous training , learning & career development,clear career growth, good work environment & work life balance,job security.

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  • Salary - Excellent
  • +6 more

Dislikes

Innovation level is less, little bit of politics,

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 25 Jul 2024

5.0
 for  Salary and Benefits

Likes

every employee whether he/she is Class IV/III/ or Class I gets every opportunity to grow progressively while in service and after retirement also. We have proud of our all seniors as well our colleagues who were at every time of point assisted us to have our progress in growing graph. GOD IS GREAT TO GIVE US SUCH A EMPLOYMENT WHEREBY EVEYONE OF US REMEMBER "ALMIGHTY" Dilip Dighe [Small employee on Big Corporation Roll]

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  • Salary - Excellent
  • +6 more

Dislikes

General Insurance Corporation of India is such a corporation which cares and let the employee grow with all technical knowledge apart from admistration, accounts also whereby the word ' dislike ' will never occur at any single minute and we leared value of time from our GIC only.Whole word says " Time is Money " but the truth is TIME IS GOD.

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see more salary related reviews

General Insurance Corporation of India Assistant Manager Salary FAQs

What is the salary of Assistant Manager at General Insurance Corporation of India in Mumbai?
The average salary of a Assistant Manager at General Insurance Corporation of India in Mumbai typically ranges from ₹12.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Assistant Manager in Mumbai at General Insurance Corporation of India earn more than ₹17.2 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Assistant Manager Salaries at General Insurance Corporation of India 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 9 General Insurance Corporation of India employees in India.
What is the estimated take home salary of a Assistant Manager at General Insurance Corporation of India in Mumbai?
The estimated take-home salary of a Assistant Manager at General Insurance Corporation of India in Mumbai typically ranges from ₹1,01,511 to ₹1,04,281 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 2 years to 6 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 9 salaries received from various employees of General Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Assistant Manager in companies similar to General Insurance Corporation of India in Mumbai?
The salary of a Assistant Manager at companies similar to General Insurance Corporation of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

National Insurance Company ₹11.0 Lakhs to ₹16.5 Lakhs per year
Royal Sundaram General Insurance ₹11.0 Lakhs to ₹15.5 Lakhs per year
Ageas Federal Life Insurance ₹3.8 Lakhs to ₹16.5 Lakhs per year
Future Generali India Life Insurance ₹4.1 Lakhs to ₹12.5 Lakhs per year
Bharti AXA Life Insurance ₹3.5 Lakhs to ₹11.5 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 Assistant Manager at General Insurance Corporation of India in Mumbai?
The salary growth for a Assistant Manager at General Insurance Corporation of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at General Insurance Corporation of India:

Experience Average Salary Range
2 years ₹13.0 Lakhs to ₹16.7 Lakhs per year
3 years ₹13.1 Lakhs to ₹16.8 Lakhs per year
4 years ₹13.0 Lakhs to ₹16.0 Lakhs per year
5 years ₹13.3 Lakhs to ₹17.0 Lakhs per year
and so on.

Tell us how to improve this page.

General Insurance Corporation of India Assistant Manager salary in Mumbai ranges between ₹12 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 General Insurance Corporation of India latest salaries received from various employees of General Insurance Corporation of India.