General Insurance Corporation of India Deputy Manager Salaries by 9 Employees

5 - 10 years exp.

₹12 Lakhs - ₹30 Lakhs

Avg. annual salary

Monthly In-hand Salary

87% more than the average Deputy Manager Salary in Insurance Companies for 5 - 10 years of experience

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Last Updated: 14 Apr 2024

Companies similar to General Insurance Corporation of India for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
Future Generali India Life Insurance Deputy Manager Salary 4 - 14 years exp. (222 salaries)	₹4.2 L/yr - ₹14 L/yr 50% less	2 job openings
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (253 salaries)	₹4 L/yr - ₹12.6 L/yr 56% less
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Axa XL Deputy Manager Salary 7 - 13 years exp. (172 salaries)	₹8.2 L/yr - ₹24.5 L/yr 11% less	3 job openings
Magma HDI General Insurance Deputy Manager Salary 1 - 16 years exp. (110 salaries)	₹5.5 L/yr - ₹10.5 L/yr 55% less
IndiaFirst Life Insurance Deputy Manager Salary 4 - 13 years exp. (105 salaries)	₹3.5 L/yr - ₹10.7 L/yr 63% less
ManipalCigna Health Insurance Deputy Manager Salary 3 - 16 years exp. (98 salaries)	₹4 L/yr - ₹13.1 L/yr 49% less
Bharti AXA Life Insurance Deputy Manager Salary 3 - 15 years exp. (81 salaries)	₹3.5 L/yr - ₹6 L/yr 75% less
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (66 salaries)	₹4 L/yr - ₹11.3 L/yr 52% less
Shriram General Insurance Deputy Manager Salary 1 - 13 years exp. (62 salaries)	₹4 L/yr - ₹7.8 L/yr 69% less
Family Health Plan Deputy Manager Salary 5 - 13 years exp. (56 salaries)	₹4 L/yr - ₹7.5 L/yr 69% less
Universal Sompo General Insurance Deputy Manager Salary 6 - 16 years exp. (53 salaries)	₹6.3 L/yr - ₹12.5 L/yr 50% less
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Pramerica Life Insurance Deputy Manager Salary 3 - 15 years exp. (52 salaries)	₹4.8 L/yr - ₹14.7 L/yr 44% less
Aviva Life Insurance India Deputy Manager Salary 5 - 15 years exp. (45 salaries)	₹4.3 L/yr - ₹8.5 L/yr 62% less
Allianz Partners Deputy Manager Salary 5 - 13 years exp. (40 salaries)	₹7.5 L/yr - ₹14 L/yr 45% less
Mahindra Insurance Brokers Deputy Manager Salary 5 - 14 years exp. (38 salaries)	₹3.3 L/yr - ₹10 L/yr 58% less
Allianz Services Deputy Manager Salary 8 - 17 years exp. (35 salaries)	₹8 L/yr - ₹16.5 L/yr 39% less
Bajaj Capital Insurance Deputy Manager Salary 1 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹3.6 L/yr 84% less
National Insurance Company Deputy Manager Salary 8 - 12 years exp. (11 salaries)	₹17 L/yr - ₹25 L/yr 7% more
Royal Sundaram General Insurance Deputy Manager Salary 10 - 20 years exp. (11 salaries)	₹12 L/yr - ₹17.4 L/yr 18% less
Ageas Federal Life Insurance Deputy Manager Salary 1 - 12 years exp. (7 salaries)	₹3.1 L/yr - ₹5.8 L/yr 78% less

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Deputy Manager salary at General Insurance Corporation of India ranges between ₹12 Lakhs to ₹30 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 9 latest salaries received from various employees of General Insurance Corporation of India.

Latest annual salaries shared by General Insurance Corporation of India Deputy Manager

8mo ago

₹24 Lakhs

10 years exp.

1y ago

₹15 Lakhs

6 years exp.

1y ago

₹17.4 Lakhs

7 years exp.

1y ago

₹16.4 Lakhs

6 years exp.

1y ago

₹15 Lakhs

5 years exp.

1y ago

8 years exp.

1y ago

8 years exp.

1y ago

10 years exp.

1y ago

8 years exp.

Experience wise General Insurance Corporation of India Deputy Manager salaries

Last Updated: 14 Apr 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹15 L/yr - ₹28.8 L/yr
6 years (AmbitionBox Estimate)	₹15 L/yr - ₹30.3 L/yr
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7 years (AmbitionBox Estimate)	₹17.4 L/yr - ₹31.7 L/yr
8 years (3 salaries)	₹12 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹17.3 L/yr - ₹22.1 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹30 L/yr

View all

Similar Designation salaries in General Insurance Corporation of India

Relationship Manager Salary

(3 salaries)

₹3 L/yr - ₹3.5 L/yr

Operations Executive Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Salary related reviews for General Insurance Corporation of India

3.0

Rated by 2 employees for salary & benefits

Operator in Pune

Intern

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

Salary - Bad

+3 more

Assistant Manager in MMumbai

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.

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.

Salary - Bad

+3 more

Senior Assistant in Ghaziabad

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

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

Senior Divisional Manager

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.

Salary - Excellent

+6 more

Dislikes

Innovation level is less, little bit of politics,

Official From General Insurance in Mumbai

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]

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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Top trending discussions

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Salary Discussions, Hike & Promotions

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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General Insurance Corporation of India Deputy Manager Salary FAQs

What is the salary of Deputy Manager at General Insurance Corporation of India ?

The average salary of a Deputy Manager at General Insurance Corporation of India in India typically ranges from ₹12.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Deputy Manager at General Insurance Corporation of India earn more than ₹27.6 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Deputy 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 Deputy Manager at General Insurance Corporation of India in India?

The estimated take-home salary of a Deputy Manager at General Insurance Corporation of India in India typically ranges from ₹1,21,231 to ₹1,24,652 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 5 years to 10 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.

Which companies offer higher salaries than General Insurance Corporation of India for Deputy Manager in India?

Swiss Re	₹7.5 Lakhs to ₹32.0 Lakhs per year
National Insurance Company	₹17.0 Lakhs to ₹25.0 Lakhs per year

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

What is the salary of a Deputy Manager in companies similar to General Insurance Corporation of India in India?

The salary of a Deputy Manager at companies similar to General Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axa XL	₹8.2 Lakhs to ₹24.5 Lakhs per year
Royal Sundaram General Insurance	₹12.0 Lakhs to ₹17.4 Lakhs per year
Allianz Services	₹8.0 Lakhs to ₹16.5 Lakhs per year
Pramerica Life Insurance	₹4.8 Lakhs to ₹14.7 Lakhs per year
Allianz Partners	₹7.5 Lakhs to ₹14.0 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 Deputy Manager at General Insurance Corporation of India in India?

The salary growth for a Deputy Manager at General Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Deputy Manager can expect the following growth trajectory at General Insurance Corporation of India:

Experience	Average Salary Range
5 years	₹15.0 Lakhs to ₹28.8 Lakhs per year
6 years	₹15.0 Lakhs to ₹30.3 Lakhs per year
7 years	₹17.4 Lakhs to ₹31.7 Lakhs per year
8 years	₹12.0 Lakhs to ₹20.0 Lakhs per year

and so on.

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General Insurance Corporation of India Deputy Manager Salaries

General Insurance Corporation of India Deputy Manager salary in India ranges between ₹12 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 General Insurance Corporation of India latest salaries received from various employees of General Insurance Corporation of India.