General Insurance Insurance Manager Salaries by 4 Employees (Updated 2025)

0 - 13 years exp.

₹2 Lakhs - ₹3.4 Lakhs

Low Confidence

Salary of majority employees

34% less than the average Insurance Manager Salary in Insurance Companies for 0 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 13 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr
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Finance & Accounting Insurance Manager Salary Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 14 Mar 2023

Companies similar to General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Insurance Manager Salary 2 - 14 years exp. (4 salaries)	₹3.3 L/yr - ₹6 L/yr 76% more
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (14 salaries)	₹2.4 L/yr - ₹8 L/yr 62% more
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HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 124% more
Bajaj Allianz General Insurance Insurance Manager Salary 0 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹4.6 L/yr 56% more
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 145% more
National Insurance Company Insurance Manager Salary 6 - 32 years exp. (4 salaries)	₹12.5 L/yr - ₹14 L/yr 389% more
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 60% more
Tata AIG Insurance Manager Salary 3 - 14 years exp. (8 salaries)	₹2.7 L/yr - ₹6.1 L/yr 68% more
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 75% more
Future Generali India Life Insurance Insurance Manager Salary 1 - 10 years exp. (54 salaries)	₹1 L/yr - ₹6 L/yr 37% more
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 9 years exp. (46 salaries)	₹1.5 L/yr - ₹6 L/yr 36% more
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Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (26 salaries)	₹2.6 L/yr - ₹7.7 L/yr 71% more
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (25 salaries)	₹1.8 L/yr - ₹5 L/yr 36% more
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 38% more
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 38% more
Bharti AXA Life Insurance Insurance Manager Salary 2 - 8 years exp. (6 salaries)	₹2.8 L/yr - ₹5.4 L/yr 50% more
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.5 L/yr - ₹7.3 L/yr 75% more
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 59% more

Insurance Manager salary at General Insurance ranges between ₹2 Lakhs to ₹3.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 4 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Insurance Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹3.7 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
11 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
13 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.4 L/yr

View all

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Salary related reviews for General Insurance

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Salary - Good

+6 more

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Salary - Excellent

+6 more

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Salary - Excellent

+6 more

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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General Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at General Insurance?

Insurance Manager salary at General Insurance in India ranges between ₹2.0 Lakhs to ₹3.4 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 34% less than the average Insurance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of General Insurance India.

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

The average salary of a Insurance Manager at General Insurance is 34% less than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than General Insurance to a Insurance Manager in India?

National Insurance Company Insurance Manager Salary - ₹12.5 Lakhs to ₹14.0 Lakhs per year
The New India Assurance Co. Insurance Manager Salary - ₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
Life Insurance Corporation of India Insurance Manager Salary - ₹3.3 Lakhs to ₹6.0 Lakhs per year
Star Health & Allied Insurance Insurance Manager Salary - ₹4.5 Lakhs to ₹7.3 Lakhs per year

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

SBI General Insurance Insurance Manager Salary - ₹2.4 Lakhs to ₹7.5 Lakhs per year
Tata AIA Life Insurance Insurance Manager Salary - ₹2.6 Lakhs to ₹7.7 Lakhs per year
Tata AIG Insurance Manager Salary - ₹2.7 Lakhs to ₹6.1 Lakhs per year
ICICI Lombard General Insurance Company Insurance Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
Reliance General Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹5.1 Lakhs per year

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

The estimated take-home salary of a Insurance Manager at General Insurance ranges between ₹18,748 per month to ₹20,430 per month in India. The take-home salary calculation is based on the average General Insurance Insurance Manager salary in India which ranges between ₹2.0 Lakhs to ₹3.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?

What is the notice period for Insurance Manager at General Insurance?

According to AmbitionBox, 100% of the General Insurance Insurance Managers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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General Insurance Insurance Manager salary in India ranges between ₹2 Lakhs to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 General Insurance latest salaries received from various employees of General Insurance.