General Insurance Corporation of India Mumbai Senior Manager Salaries by 9 Employees (Updated 2025)

10 - 15 years exp.

₹22 Lakhs - ₹50 Lakhs

Salary of majority employees

37% more than the average Senior Manager Salary in Insurance Companies for 10 - 15 years of experience

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Last Updated: 5 Jan 2025

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

General Insurance Corporation of India Senior Manager Salary

10 - 15 years exp. (9 salaries)

₹22 L/yr - ₹50 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (459 salaries)	₹5 L/yr - ₹15 L/yr 67% less	4 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (119 salaries)	₹7 L/yr - ₹24 L/yr 45% less
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Bajaj Allianz General Insurance Senior Manager Salary 12 - 15 years exp. (3 salaries)	₹6.8 L/yr - ₹17.6 L/yr 48% less	1 job opening
Reliance General Insurance Senior Manager Salary 5 - 17 years exp. (38 salaries)	₹6.5 L/yr - ₹19.3 L/yr 63% less
Tata AIG Senior Manager Salary 1 - 13 years exp. (208 salaries)	₹4.8 L/yr - ₹20 L/yr 60% less	4 job openings
SBI General Insurance Senior Manager Salary 5 - 16 years exp. (29 salaries)	₹6.5 L/yr - ₹23.3 L/yr 55% less
Future Generali India Life Insurance Senior Manager Salary 10 - 18 years exp. (39 salaries)	₹11.8 L/yr - ₹30 L/yr 32% less	1 job opening
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 14 years exp. (73 salaries)	₹5 L/yr - ₹20 L/yr 62% less
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (53 salaries)	₹6.2 L/yr - ₹21 L/yr 50% less
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (26 salaries)	₹8.2 L/yr - ₹22.3 L/yr 51% less
Edelweiss Life Insurance Senior Manager Salary 7 - 18 years exp. (26 salaries)	₹9 L/yr - ₹22 L/yr 54% less
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Ageas Federal Life Insurance Senior Manager Salary 8 - 20 years exp. (24 salaries)	₹14 L/yr - ₹34.5 L/yr 23% less
ManipalCigna Health Insurance Senior Manager Salary 4 - 19 years exp. (22 salaries)	₹9 L/yr - ₹25 L/yr 46% less
Medi Assist India Senior Manager Salary 10 - 19 years exp. (19 salaries)	₹7 L/yr - ₹17 L/yr 54% less	3 job openings
Paramount Health Services Tpa Senior Manager Salary 9 - 20 years exp. (8 salaries)	₹5.1 L/yr - ₹8 L/yr 77% less
Digit Insurance Senior Manager Salary 5 - 14 years exp. (8 salaries)	₹16 L/yr - ₹28 L/yr 29% less
Aviva Life Insurance India Senior Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹17 L/yr 53% less
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (3 salaries)	₹3.5 L/yr - ₹13.3 L/yr 72% less
Pramerica Life Insurance Senior Manager Salary 11 - 14 years exp. (3 salaries)	₹7.4 L/yr - ₹15.2 L/yr 67% less
Shriram General Insurance Senior Manager Salary 10 - 13 years exp. (3 salaries)	₹6 L/yr - ₹9.1 L/yr 69% less

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 9 latest salaries received from various employees of General Insurance Corporation of India.

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

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹24 L/yr - ₹52.3 L/yr
11 years (AmbitionBox Estimate)	₹22 L/yr - ₹35 L/yr
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12 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹35 L/yr
13 years (3 salaries)	₹23 L/yr - ₹30 L/yr
14 years (AmbitionBox Estimate)	₹26.7 L/yr - ₹34.1 L/yr
15+ years (AmbitionBox Estimate)	₹26 L/yr - ₹50 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

Salary related reviews for General Insurance Corporation of India

3.0

Rated by 3 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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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General Insurance Corporation of India Senior Manager Salary FAQs

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

Senior Manager salary at General Insurance Corporation of India in Mumbai ranges between ₹22.0 Lakhs to ₹50.0 Lakhs for experience between 10 years to 15 years. According to our estimates it is 37% more than the average Senior Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of General Insurance Corporation of India Mumbai.

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

The average salary of a Senior Manager at General Insurance Corporation of India is 37% more than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

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

Ageas Federal Life Insurance Senior Manager Salary - ₹14.0 Lakhs to ₹34.5 Lakhs per year
Digit Insurance Senior Manager Salary - ₹16.0 Lakhs to ₹28.0 Lakhs per year
Future Generali India Life Insurance Senior Manager Salary - ₹11.8 Lakhs to ₹30.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
ManipalCigna Health Insurance Senior Manager Salary - ₹9.0 Lakhs to ₹25.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager at General Insurance Corporation of India ranges between ₹1,82,041 per month to ₹1,89,136 per month in Mumbai. The take-home salary calculation is based on the average General Insurance Corporation of India Senior Manager salary in India which ranges between ₹22.0 Lakhs to ₹50.0 Lakhs per year for employees with experience between 10 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at General Insurance Corporation of India in Mumbai?

According to AmbitionBox, 100% of the General Insurance Corporation of India Senior Managers in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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General Insurance Corporation of India Senior Manager Salaries in Mumbai

General Insurance Corporation of India Senior Manager salary in Mumbai ranges between ₹22 Lakhs to ₹50 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.

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

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

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

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

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 Senior Manager Salary FAQs

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