General Insurance Sales Manager Salaries by 7 Employees

0 - 15 years exp.

₹2.5 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

39% less than the average Sales Manager Salary in Insurance Companies for 0 - 15 years of experience

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Last Updated: 8 Sep 2024

Companies similar to General Insurance for Sales Manager

Company name	Avg Annual Salary	Open Jobs
Reliance General Insurance Sales Manager Salary 0 - 14 years exp. (603 salaries)	₹1.9 L/yr - ₹8 L/yr 19% more	1 job opening
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 8 years exp. (462 salaries)	₹2.6 L/yr - ₹5.1 L/yr 7% less
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Tata AIG Sales Manager Salary 2 - 14 years exp. (297 salaries)	₹2.4 L/yr - ₹11.9 L/yr 53% more	2 job openings
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (243 salaries)	₹1.5 L/yr - ₹5 L/yr 30% less
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (239 salaries)	₹2.2 L/yr - ₹10.5 L/yr 43% more
Star Health & Allied Insurance Sales Manager Salary 0 - 10 years exp. (234 salaries)	₹0.6 L/yr - ₹6 L/yr 28% less
Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (209 salaries)	₹1.9 L/yr - ₹7 L/yr 21% less	16 job openings
Future Generali India Life Insurance Sales Manager Salary 0 - 9 years exp. (209 salaries)	₹2.2 L/yr - ₹6.3 L/yr 12% less	43 job openings
Tata AIA Life Insurance Sales Manager Salary 4 - 11 years exp. (193 salaries)	₹2.8 L/yr - ₹9 L/yr 29% more	3 job openings
Pramerica Life Insurance Sales Manager Salary 0 - 8 years exp. (166 salaries)	₹2 L/yr - ₹5 L/yr 23% less	26 job openings
Bharti AXA Life Insurance Sales Manager Salary 1 - 12 years exp. (119 salaries)	₹2.1 L/yr - ₹7.4 L/yr 2% less	1 job opening
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Shriram Life Insurance Sales Manager Salary 0 - 7 years exp. (112 salaries)	₹1.7 L/yr - ₹7 L/yr 27% less
Canara HSBC Life Insurance Sales Manager Salary 3 - 12 years exp. (90 salaries)	₹3 L/yr - ₹8.8 L/yr 31% more
SBI Life Insurance Company Sales Manager Salary 0 - 10 years exp. (86 salaries)	₹1.2 L/yr - ₹5.6 L/yr 18% less	1 job opening
Niva Bupa Health Insurance Company Sales Manager Salary 0 - 11 years exp. (76 salaries)	₹2.4 L/yr - ₹7.2 L/yr 5% less	1 job opening
Ageas Federal Life Insurance Sales Manager Salary 1 - 10 years exp. (25 salaries)	₹2.9 L/yr - ₹7.6 L/yr 5% more
MetLife Sales Manager Salary 1 - 7 years exp. (22 salaries)	₹1.8 L/yr - ₹4 L/yr 25% less
Iffco Tokio General Insurance Co. Sales Manager Salary 3 - 9 years exp. (14 salaries)	₹3.6 L/yr - ₹6.5 L/yr 19% more
Life Insurance Corporation of India Sales Manager Salary 4 - 12 years exp. (12 salaries)	₹3.6 L/yr - ₹6.5 L/yr 1% more
Shriram General Insurance Sales Manager Salary 2 - 13 years exp. (6 salaries)	₹2.5 L/yr - ₹3.5 L/yr 29% less

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Sales Manager salary at General Insurance ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 7 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Sales Manager salaries

Last Updated: 8 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
12 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
13 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
14 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
15+ years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr

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Similar Designation salaries in General Insurance

Area Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Branch Manager Salary

(7 salaries)

₹5.25 L/yr - ₹13.8 L/yr

Area Sales Manager Salary

(4 salaries)

₹4 L/yr - ₹8.25 L/yr

Sales Officer Salary

(5 salaries)

₹2.8 L/yr - ₹2.9 L/yr

Deputy Manager Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Sales Executive Salary

(12 salaries)

₹1 L/yr - ₹3.15 L/yr

Territory Manager Salary

(5 salaries)

₹5.05 L/yr - ₹8.9 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

85 participants . expiring in 3d

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General Insurance Sales Manager Salary FAQs

What is the salary of Sales Manager at General Insurance ?

The average salary of a Sales Manager at General Insurance in India typically ranges from ₹2.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 15 years).

The top 10% of Sales Manager at General Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Sales 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 7 General Insurance employees in India.

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

The estimated take-home salary of a Sales Manager at General Insurance in India typically ranges from ₹32,236 to ₹33,517 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from Fresher 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 7 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 Sales Manager in India?

Guardian India	₹8.0 Lakhs to ₹14.0 Lakhs per year
Medi Assist India	₹1.9 Lakhs to ₹14.2 Lakhs per year
Tata AIG	₹2.4 Lakhs to ₹11.9 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹10.5 Lakhs per year
Canara HSBC Life Insurance	₹3.0 Lakhs to ₹8.8 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 Sales Manager in companies similar to General Insurance in India?

The salary of a Sales 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	₹2.8 Lakhs to ₹9.0 Lakhs per year
Iffco Tokio General Insurance Co.	₹3.6 Lakhs to ₹6.5 Lakhs per year
Reliance General Insurance	₹1.9 Lakhs to ₹8.0 Lakhs per year
Ageas Federal Life Insurance	₹2.9 Lakhs to ₹7.6 Lakhs per year
Life Insurance Corporation of India	₹3.6 Lakhs to ₹6.5 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 Manager at General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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General Insurance Sales Manager Salaries

General Insurance Sales Manager salary in India ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 General Insurance latest salaries received from various employees of General Insurance.