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General Insurance Corporation of India Senior Manager salaries in India (Updated 2025)

Annual salary range
10 - 15 years exp.
₹22 Lakhs - ₹50 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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35% more than the average Senior Manager Salary in Insurance Companies for 10 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
13 - 15 years exp. (4 salaries)
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₹23 L/yr - ₹50 L/yr

Data Science & Analytics
Senior Manager Salary
12 - 14 years exp. (3 salaries)
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₹25 L/yr - ₹35 L/yr

Last Updated: 19 Feb 2025

Companies similar to General Insurance Corporation of India for Senior Manager

Company name Avg Annual Salary Open Jobs
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₹3.5 L/yr - ₹11.1 L/yr

arrow icon 71% less
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MetLife Senior Manager Salary

10 - 18 years exp. (90 salaries)

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₹19 L/yr - ₹48.4 L/yr

arrow icon 22% more
1 job opening
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Medi Assist India Senior Manager Salary

8 - 19 years exp. (72 salaries)

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₹6.7 L/yr - ₹18.4 L/yr

arrow icon 55% less
3 job openings
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IndiaFirst Life Insurance Senior Manager Salary

4 - 17 years exp. (71 salaries)

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₹6 L/yr - ₹22.5 L/yr

arrow icon 57% less
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₹9 L/yr - ₹28 L/yr

arrow icon 40% less
1 job opening
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Bharti AXA Life Insurance Senior Manager Salary

6 - 17 years exp. (64 salaries)

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₹10.8 L/yr - ₹20.1 L/yr

arrow icon 61% less
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₹10.5 L/yr - ₹23 L/yr

arrow icon 44% less
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₹6 L/yr - ₹24.5 L/yr

arrow icon 50% less
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Aegon Life Insurance Senior Manager Salary

4 - 16 years exp. (49 salaries)

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₹7 L/yr - ₹23 L/yr

arrow icon 56% less
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Pramerica Life Insurance Senior Manager Salary

4 - 19 years exp. (48 salaries)

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₹3.5 L/yr - ₹10.6 L/yr

arrow icon 71% less
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Axa XL Senior Manager Salary

7 - 17 years exp. (48 salaries)

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₹20 L/yr - ₹41.3 L/yr

arrow icon 15% more
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Edelweiss Life Insurance Senior Manager Salary

7 - 20 years exp. (44 salaries)

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₹8.5 L/yr - ₹13.4 L/yr

arrow icon 57% less
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₹3.5 L/yr - ₹14 L/yr

arrow icon 71% less
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₹10.4 L/yr - ₹30.4 L/yr

arrow icon 40% less
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₹6.7 L/yr - ₹20 L/yr

arrow icon 59% less
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₹3.3 L/yr - ₹9.2 L/yr

arrow icon 78% less
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Shriram General Insurance Senior Manager Salary

9 - 19 years exp. (25 salaries)

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₹6 L/yr - ₹14.9 L/yr

arrow icon 66% less
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Family Health Plan Senior Manager Salary

8 - 18 years exp. (19 salaries)

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₹8 L/yr - ₹14 L/yr

arrow icon 64% less
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Allianz Partners Senior Manager Salary

10 - 17 years exp. (16 salaries)

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₹10.8 L/yr - ₹27 L/yr

arrow icon 35% less
1 job opening
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₹12.7 L/yr - ₹20 L/yr

arrow icon 42% less
View all
Senior Manager salary at General Insurance Corporation of India ranges between ₹22 Lakhs to ₹50 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 12 latest salaries received from various employees of General Insurance Corporation of India.

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

3d ago
₹25 Lakhs
14 years exp.
1mo ago
₹30 Lakhs
13 years exp.
4mo ago
₹35 Lakhs
12 years exp.
5mo ago
₹26 Lakhs
15 years exp.
6mo ago
₹24 Lakhs
10 years exp.
6mo ago
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13 years exp.
11mo ago
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12 years exp.
1y ago
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13 years exp.
1y ago
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11 years exp.
1y ago
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15 years exp.

Experience wise General Insurance Corporation of India Senior Manager salaries

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹24 L/yr - ₹52.1 L/yr
11 years (AmbitionBox Estimate)

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₹22 L/yr - ₹35 L/yr
12 years (AmbitionBox Estimate)

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₹11.7 L/yr - ₹35 L/yr
13 years  (4 salaries)

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₹23 L/yr - ₹35 L/yr
14 years (AmbitionBox Estimate)

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₹25 L/yr - ₹53.2 L/yr
View all

Similar Designation salaries in General Insurance Corporation of India

Deputy Manager Salary
(9 salaries)
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₹12 L/yr - ₹30 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹4.9 L/yr - ₹6.2 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
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₹3 L/yr - ₹3.5 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
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₹1.6 L/yr - ₹3.4 L/yr

Salary related reviews for General Insurance Corporation of India

3.0

Rated by 3 employees for salary & benefits

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

read more
  • Salary - Bad
  • +3 more

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

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

read more
  • 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.

read more
  • 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]

read more
  • 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.

read more
see more salary related reviews

General Insurance Corporation of India Senior Manager Salary FAQs

What is the salary of Senior Manager at General Insurance Corporation of India ?
The average salary of a Senior Manager at General Insurance Corporation of India in India typically ranges from ₹22.0 Lakhs to ₹50.0 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Senior Manager at General Insurance Corporation of India earn more than ₹39.5 Lakhs per year, and the top 1% earn over ₹50.0 Lakhs per year. Senior 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 10+ General Insurance Corporation of India employees in India.
What is the estimated take home salary of a Senior Manager at General Insurance Corporation of India in India?
The estimated take-home salary of a Senior Manager at General Insurance Corporation of India in India typically ranges from ₹1,81,451 to ₹1,88,519 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹50.0 Lakhs per year for employees with experience ranging from 10 years to 15 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 10+ 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 Senior Manager in India?
Chubb ₹28.0 Lakhs to ₹51.0 Lakhs per year
Principal Global Services ₹32.0 Lakhs to ₹50.0 Lakhs per year
MetLife ₹19.0 Lakhs to ₹48.4 Lakhs per year
Axa XL ₹20.0 Lakhs to ₹41.3 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 Senior Manager in companies similar to General Insurance Corporation of India in India?
The salary of a Senior 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:

Swiss Re ₹10.3 Lakhs to ₹45.0 Lakhs per year
Allianz Services ₹21.6 Lakhs to ₹27.6 Lakhs per year
Allianz Partners ₹10.8 Lakhs to ₹27.0 Lakhs per year
Mahindra Insurance Brokers ₹10.5 Lakhs to ₹24.0 Lakhs per year
Ageas Federal Life Insurance ₹10.4 Lakhs to ₹30.4 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 Senior Manager at General Insurance Corporation of India in India?
The salary growth for a Senior Manager at General Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at General Insurance Corporation of India:

Experience Average Salary Range
10 years ₹24.0 Lakhs to ₹52.1 Lakhs per year
11 years ₹22.0 Lakhs to ₹35.0 Lakhs per year
12 years ₹11.7 Lakhs to ₹35.0 Lakhs per year
13 years ₹23.0 Lakhs to ₹35.0 Lakhs per year
and so on.

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General Insurance Corporation of India Senior Manager salary in India ranges between ₹22 Lakhs to ₹50 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 General Insurance Corporation of India latest salaries received from various employees of General Insurance Corporation of India.