General Insurance Relationship Manager Salaries by 9 Employees

0 - 9 years exp.

₹2.5 Lakhs - ₹4.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

34% less than the average Relationship Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 0 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹4.2 L/yr
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BFSI, Investments & Trading Relationship Manager Salary 1 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 4 Jun 2024

Companies similar to General Insurance for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (1.1k salaries)	₹1.8 L/yr - ₹5.6 L/yr 20% more	39 job openings
Tata AIG Relationship Manager Salary 0 - 12 years exp. (880 salaries)	₹2.1 L/yr - ₹7.7 L/yr 40% more	12 job openings
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Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 10 years exp. (761 salaries)	₹1.6 L/yr - ₹5 L/yr At par	19 job openings
Niva Bupa Health Insurance Company Relationship Manager Salary 0 - 10 years exp. (560 salaries)	₹1.9 L/yr - ₹4.7 L/yr 9% more	2 job openings
Star Health & Allied Insurance Relationship Manager Salary 0 - 7 years exp. (274 salaries)	₹1.5 L/yr - ₹4.5 L/yr 3% less
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 6 years exp. (239 salaries)	₹1.7 L/yr - ₹5.5 L/yr 12% more
Future Generali India Life Insurance Relationship Manager Salary 0 - 6 years exp. (215 salaries)	₹2 L/yr - ₹5 L/yr 9% less	49 job openings
Bharti AXA Life Insurance Relationship Manager Salary 1 - 9 years exp. (206 salaries)	₹2.3 L/yr - ₹5.4 L/yr 19% more	1 job opening
Ageas Federal Life Insurance Relationship Manager Salary 0 - 9 years exp. (198 salaries)	₹2.4 L/yr - ₹5.4 L/yr 15% more	5 job openings
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 8 years exp. (195 salaries)	₹1.7 L/yr - ₹6 L/yr 3% more
Canara HSBC Life Insurance Relationship Manager Salary 1 - 7 years exp. (193 salaries)	₹2.5 L/yr - ₹5.9 L/yr 20% more
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Aditya Birla Health Insurance Co Relationship Manager Salary 0 - 7 years exp. (184 salaries)	₹2.1 L/yr - ₹8.5 L/yr 52% more
Shriram Life Insurance Relationship Manager Salary 0 - 7 years exp. (105 salaries)	₹1.8 L/yr - ₹6.3 L/yr 21% more
SBI Life Insurance Company Relationship Manager Salary 0 - 10 years exp. (61 salaries)	₹2.5 L/yr - ₹6 L/yr 22% more
Reliance General Insurance Relationship Manager Salary 4 - 11 years exp. (39 salaries)	₹2.4 L/yr - ₹6.6 L/yr 36% more
Pramerica Life Insurance Relationship Manager Salary 1 - 12 years exp. (28 salaries)	₹2 L/yr - ₹5 L/yr 7% more	24 job openings
Iffco Tokio General Insurance Co. Relationship Manager Salary 3 - 6 years exp. (14 salaries)	₹2 L/yr - ₹5 L/yr 12% more
MetLife Relationship Manager Salary 2 - 7 years exp. (8 salaries)	₹3.3 L/yr - ₹3.9 L/yr 4% more
Shriram General Insurance Relationship Manager Salary 0 - 9 years exp. (7 salaries)	₹2.3 L/yr - ₹3.2 L/yr 19% less
Life Insurance Corporation of India Relationship Manager Salary 0 - 5 years exp. (6 salaries)	₹2.2 L/yr - ₹5 L/yr 18% more

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Relationship Manager salary at General Insurance ranges between ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 9 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Relationship Manager salaries

Last Updated: 4 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr

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₹3 L/yr - ₹9 L/yr

Territory Manager Salary

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₹5.05 L/yr - ₹8.9 L/yr

Sales Manager Salary

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₹2.5 L/yr - ₹6 L/yr

Area Sales Manager Salary

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₹4 L/yr - ₹8.25 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Territory Sales Manager Salary

(7 salaries)

₹1.7 L/yr - ₹7 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Sales Coordinator Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Sales Officer Salary

(5 salaries)

₹2.8 L/yr - ₹2.9 L/yr

Salary related reviews for General Insurance

4.0

Rated by 1 employees for salary & benefits

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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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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at General Insurance ?

The average salary of a Relationship Manager at General Insurance in India typically ranges from ₹2.5 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Relationship Manager at General Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Relationship Manager Salaries at General Insurance 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 9 General Insurance employees in India.

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

The estimated take-home salary of a Relationship Manager at General Insurance in India typically ranges from ₹24,385 to ₹25,833 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 9 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 9 salaries received from various employees of General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than General Insurance for Relationship Manager in India?

Aditya Birla Health Insurance Co	₹2.1 Lakhs to ₹8.5 Lakhs per year
Tata AIG	₹2.1 Lakhs to ₹7.7 Lakhs per year
Reliance General Insurance	₹2.4 Lakhs to ₹6.6 Lakhs per year
SBI Life Insurance Company	₹2.5 Lakhs to ₹6.0 Lakhs per year
Shriram Life Insurance	₹1.8 Lakhs to ₹6.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by General Insurance, depending on the role and experience level.

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

The salary of a Relationship Manager at companies similar to General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹1.8 Lakhs to ₹5.6 Lakhs per year
Canara HSBC Life Insurance	₹2.5 Lakhs to ₹5.9 Lakhs per year
Bharti AXA Life Insurance	₹2.3 Lakhs to ₹5.4 Lakhs per year
Life Insurance Corporation of India	₹2.2 Lakhs to ₹5.0 Lakhs per year
Ageas Federal Life Insurance	₹2.4 Lakhs to ₹5.4 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 Relationship Manager at General Insurance in India?

The salary growth for a Relationship Manager at General Insurance depends on factors such as experience, performance, and promotions. On average, a Relationship Manager can expect the following growth trajectory at General Insurance:

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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General Insurance Relationship Manager Salaries

General Insurance Relationship Manager salary in India ranges between ₹2.5 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 General Insurance latest salaries received from various employees of General Insurance.