General Insurance Corporation of India Sales Executive Salaries by 4 Employees

0 - 2 years exp.

₹1.6 Lakh - ₹3.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Sales Executive Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Executive Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr
Customer Success, Service & Operations Sales Executive Salary 1 year exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
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Marketing & Communication Sales Executive Salary 2 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr

Last Updated: 11 Mar 2023

Companies similar to General Insurance Corporation of India for Sales Executive

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Sales Executive Salary 0 - 8 years exp. (83 salaries)	₹1.4 L/yr - ₹4.3 L/yr 6% more
Future Generali India Life Insurance Sales Executive Salary 0 - 6 years exp. (71 salaries)	₹1.4 L/yr - ₹4.5 L/yr 9% more
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Bharti AXA Life Insurance Sales Executive Salary 1 - 7 years exp. (46 salaries)	₹1.2 L/yr - ₹5.5 L/yr 7% more
Policyboss.com Sales Executive Salary 0 - 8 years exp. (42 salaries)	₹1.5 L/yr - ₹3.3 L/yr 5% less
Shriram General Insurance Sales Executive Salary 0 - 8 years exp. (35 salaries)	₹1.5 L/yr - ₹3.2 L/yr 2% less
Bajaj Capital Insurance Sales Executive Salary 0 - 5 years exp. (34 salaries)	₹1.2 L/yr - ₹3.2 L/yr 16% less
Liberty General Insurance Sales Executive Salary 0 - 8 years exp. (30 salaries)	₹2 L/yr - ₹3.8 L/yr 33% more	1 job opening
Aditya Birla Health Insurance Co Sales Executive Salary 0 - 6 years exp. (29 salaries)	₹2 L/yr - ₹4.2 L/yr 25% more
Royal Sundaram General Insurance Sales Executive Salary 0 - 6 years exp. (25 salaries)	₹1.5 L/yr - ₹5 L/yr 12% more
IndiaFirst Life Insurance Sales Executive Salary 2 - 9 years exp. (24 salaries)	₹2 L/yr - ₹6.6 L/yr 59% more
Edelweiss Life Insurance Sales Executive Salary 0 - 5 years exp. (9 salaries)	₹2 L/yr - ₹4 L/yr 23% more
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Aviva Life Insurance India Sales Executive Salary 0 - 6 years exp. (8 salaries)	₹1.7 L/yr - ₹4.8 L/yr 45% more
Pramerica Life Insurance Sales Executive Salary 0 - 5 years exp. (7 salaries)	₹2.1 L/yr - ₹4 L/yr 15% more
ManipalCigna Health Insurance Sales Executive Salary 0 - 4 years exp. (7 salaries)	₹2.4 L/yr - ₹4 L/yr 34% more
Universal Sompo General Insurance Sales Executive Salary 0 - 12 years exp. (7 salaries)	₹2.8 L/yr - ₹5 L/yr 44% more
Ageas Federal Life Insurance Sales Executive Salary 0 - 5 years exp. (6 salaries)	₹0.5 L/yr - ₹3 L/yr 19% less
Mahindra Insurance Brokers Sales Executive Salary 3 - 6 years exp. (6 salaries)	₹1.4 L/yr - ₹4.2 L/yr 11% more
Magma HDI General Insurance Sales Executive Salary 1 - 3 years exp. (5 salaries)	₹2.8 L/yr - ₹4 L/yr 47% more
MetLife Sales Executive Salary 1 - 9 years exp. (4 salaries)	₹1.2 L/yr - ₹9 L/yr 107% more
Paramount Health Services Tpa Sales Executive Salary 0 - 6 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 57% more

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Sales Executive salary at General Insurance Corporation of India ranges between ₹1.6 Lakh to ₹3.4 Lakhs per year for employees with less than 1 year of experience to 2 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 Sales Executive salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr

Similar Designation salaries in General Insurance Corporation of India

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Deputy Manager Salary

(9 salaries)

₹12 L/yr - ₹30 L/yr

Relationship Manager Salary

(3 salaries)

₹3 L/yr - ₹3.5 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.

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.

see more salary related reviews

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 Sales Executive Salary FAQs

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

The average salary of a Sales Executive at General Insurance Corporation of India in India typically ranges from ₹1.6 Lakhs to ₹3.4 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Sales Executive at General Insurance Corporation of India earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.4 Lakhs per year. Sales Executive 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 4 General Insurance Corporation of India employees in India.

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

The estimated take-home salary of a Sales Executive at General Insurance Corporation of India in India typically ranges from ₹16,980 to ₹18,688 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹3.4 Lakhs per year for employees with experience ranging from Fresher to 2 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 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 Sales Executive in India?

MetLife	₹1.2 Lakhs to ₹9.0 Lakhs per year
Allianz Partners	₹3.2 Lakhs to ₹5.5 Lakhs per year
IndiaFirst Life Insurance	₹2.0 Lakhs to ₹6.6 Lakhs per year
Paramount Health Services Tpa	₹2.0 Lakhs to ₹8.0 Lakhs per year
Magma HDI General Insurance	₹2.8 Lakhs to ₹4.0 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 Sales Executive in companies similar to General Insurance Corporation of India in India?

The salary of a Sales Executive 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:

Aviva Life Insurance India	₹1.7 Lakhs to ₹4.8 Lakhs per year
Universal Sompo General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
ManipalCigna Health Insurance	₹2.4 Lakhs to ₹4.0 Lakhs per year
Liberty General Insurance	₹2.0 Lakhs to ₹3.8 Lakhs per year
Aditya Birla Health Insurance Co	₹2.0 Lakhs to ₹4.2 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 Sales Executive at General Insurance Corporation of India in India?

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

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹3.2 Lakhs per year
1 year	₹1.6 Lakhs to ₹2.1 Lakhs per year
2 years	₹3.1 Lakhs to ₹3.9 Lakhs per year

and so on.

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General Insurance Corporation of India Sales Executive Salaries

General Insurance Corporation of India Sales Executive salary in India ranges between ₹1.6 Lakh to ₹3.4 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.

General Insurance Corporation of India Sales Executive salaries in India

Companies similar to General Insurance Corporation of India for Sales Executive

Latest annual salaries shared by General Insurance Corporation of India Sales Executive

Experience wise General Insurance Corporation of India Sales Executive salaries

Similar Designation salaries in General Insurance Corporation of India

Salary related reviews for General Insurance Corporation of India

Operator in Pune

Assistant Manager in MMumbai

Senior Assistant in Ghaziabad

Senior Divisional Manager

Official From General Insurance in Mumbai

General Insurance Corporation of India Sales Executive Salary FAQs

Tell us how to improve this page.