General Insurance Corporation of India Executive Salaries by 4 Employees (Updated 2024)

0 - 10 years exp.

₹2.5 Lakhs - ₹2.6 Lakhs

Salary of majority employees

43% less than the average Executive Salary in Insurance Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Executive Salary 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
Customer Success, Service & Operations Executive Salary 10 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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Finance & Accounting Executive Salary 9 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
Administration & Facilities Executive Salary Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Last Updated: 5 Jun 2023

Companies similar to General Insurance Corporation of India for Executive

Company name	Avg Annual Salary	Open Jobs
The New India Assurance Co. Executive Salary 3 - 11 years exp. (3 salaries)	₹1.3 L/yr - ₹2.6 L/yr 16% less
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (41 salaries)	₹1.8 L/yr - ₹6 L/yr 10% more
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HDFC Ergo General Insurance Executive Salary 1 - 6 years exp. (183 salaries)	₹1.5 L/yr - ₹4.9 L/yr 29% more
Bajaj Allianz General Insurance Executive Salary 1 - 8 years exp. (186 salaries)	₹2.3 L/yr - ₹5.6 L/yr 69% more	4 job openings
Reliance General Insurance Executive Salary 1 - 10 years exp. (9 salaries)	₹1.4 L/yr - ₹4.2 L/yr 15% more
Tata AIG Executive Salary 0 - 8 years exp. (98 salaries)	₹1.7 L/yr - ₹5 L/yr 20% more
SBI General Insurance Executive Salary 0 - 8 years exp. (157 salaries)	₹2 L/yr - ₹5 L/yr 38% more
Future Generali India Life Insurance Executive Salary 1 - 6 years exp. (90 salaries)	₹1.6 L/yr - ₹4.8 L/yr 16% more
Shriram General Insurance Executive Salary 1 - 8 years exp. (93 salaries)	₹1.6 L/yr - ₹3.7 L/yr 2% less
Bharti AXA Life Insurance Executive Salary 1 - 6 years exp. (46 salaries)	₹2.1 L/yr - ₹4.2 L/yr 28% more
Shriram Life Insurance Executive Salary 0 - 6 years exp. (46 salaries)	₹1.8 L/yr - ₹3.5 L/yr 8% more
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Aditya Birla Health Insurance Co Executive Salary 0 - 6 years exp. (41 salaries)	₹1.8 L/yr - ₹4.3 L/yr 17% more
Royal Sundaram General Insurance Executive Salary 2 - 11 years exp. (32 salaries)	₹2.8 L/yr - ₹7.5 L/yr 89% more
Cholamandalam MS General Insurance Executive Salary 2 - 11 years exp. (36 salaries)	₹1.9 L/yr - ₹4.6 L/yr 32% more
Pramerica Life Insurance Executive Salary 1 - 8 years exp. (22 salaries)	₹2 L/yr - ₹4.4 L/yr 41% more	4 job openings
IndiaFirst Life Insurance Executive Salary 0 - 6 years exp. (20 salaries)	₹1.7 L/yr - ₹4 L/yr 19% more
Aviva Life Insurance India Executive Salary 0 - 4 years exp. (19 salaries)	₹1.2 L/yr - ₹3.9 L/yr 12% more
Edelweiss Tokio Life Insurance Executive Salary 0 - 8 years exp. (19 salaries)	₹1.8 L/yr - ₹4 L/yr 16% more
ManipalCigna Health Insurance Executive Salary 0 - 10 years exp. (18 salaries)	₹2.8 L/yr - ₹4.4 L/yr 53% more
Axa XL Executive Salary 0 - 5 years exp. (12 salaries)	₹3 L/yr - ₹4.7 L/yr 48% more

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Executive salary at General Insurance Corporation of India ranges between ₹2.5 Lakhs to ₹2.6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 4 latest salaries received from various employees of General Insurance Corporation of India.

Experience wise General Insurance Corporation of India Executive salaries

Last Updated: 5 Jun 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹2.6 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.6 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.5 L/yr

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Similar Designation salaries in General Insurance Corporation of India

Deputy Manager Salary

(9 salaries)

₹12 L/yr - ₹30 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Salary related reviews for General Insurance Corporation of India

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.

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

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.

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.

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

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.

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]

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

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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General Insurance Corporation of India Executive Salary FAQs

What is the salary of Executive at General Insurance Corporation of India?

Executive salary at General Insurance Corporation of India in India ranges between ₹2.5 Lakhs to ₹2.6 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 43% less than the average Executive Salary in India. Salary estimates are based on 4 latest salaries received from various employees of General Insurance Corporation of India India.

How does the salary of a Executive at General Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Executive at General Insurance Corporation of India is 43% less than the average salary of a Executive in India. To know exact salary insights, login to view.

Which similar companies are paying more than General Insurance Corporation of India to a Executive in India?

Guardian India Executive Salary - ₹4.3 Lakhs to ₹6.5 Lakhs per year
Royal Sundaram General Insurance Executive Salary - ₹2.8 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance Executive Salary - ₹2.3 Lakhs to ₹5.6 Lakhs per year
MetLife Executive Salary - ₹3.6 Lakhs to ₹4.7 Lakhs per year
ManipalCigna Health Insurance Executive Salary - ₹2.8 Lakhs to ₹4.4 Lakhs per year

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

Axa XL Executive Salary - ₹3.0 Lakhs to ₹4.7 Lakhs per year
Pramerica Life Insurance Executive Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
SBI General Insurance Executive Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
Xceedance Executive Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
Cholamandalam MS General Insurance Executive Salary - ₹1.9 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Executive at General Insurance Corporation of India in India?

The estimated take-home salary of a Executive at General Insurance Corporation of India ranges between ₹17,956 per month to ₹19,650 per month in India. The take-home salary calculation is based on the average General Insurance Corporation of India Executive salary in India which ranges between ₹2.5 Lakhs to ₹2.6 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Executive at General Insurance Corporation of India?

According to AmbitionBox, 75% of the General Insurance Corporation of India Executives reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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General Insurance Corporation of India Executive Salaries

General Insurance Corporation of India Executive salary in India ranges between ₹2.5 Lakhs to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 General Insurance Corporation of India latest salaries received from various employees of General Insurance Corporation of India.