HDFC Ergo General Insurance Mumbai Agency Manager Salaries by 8 Employees

0 - 7 years exp.

₹2.6 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

6% more than the average Agency Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agency Manager Salary 0 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹3.8 L/yr
Sales & Business Development Agency Manager Salary 1 - 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4 L/yr
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Human Resources Agency Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.8 L/yr

Last Updated: 18 Sep 2023

Companies similar to HDFC Ergo General Insurance for Agency Manager in Mumbai

HDFC Ergo General Insurance Agency Manager Salary

0 - 7 years exp. (8 salaries)

₹2.6 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (65 salaries)	₹2.7 L/yr - ₹5.3 L/yr 19% more
Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 6 years exp. (27 salaries)	₹2.3 L/yr - ₹4 L/yr 26% less
Login to view exact salary
Axis Max Life Insurance Agency Manager Salary 3 - 12 years exp. (20 salaries)	₹3.5 L/yr - ₹6.5 L/yr 21% more
Kotak Mahindara Life Insurance Agency Manager Salary 0 - 13 years exp. (5 salaries)	₹2 L/yr - ₹7.4 L/yr 8% less
Bajaj Allianz Life Insurance Agency Manager Salary 3 - 11 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 37% more
Reliance Nippon Life Insurance Agency Manager Salary 0 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹2.8 L/yr 24% less
HDFC Life Agency Manager Salary 2 - 7 years exp. (3 salaries)	₹1.8 L/yr - ₹7 L/yr 18% more	1 job opening

Agency Manager salary at HDFC Ergo General Insurance ranges between ₹2.6 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Agency Manager salaries in Mumbai

Last Updated: 18 Sep 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary

(260 salaries)

₹3 L/yr - ₹10.25 L/yr

Sales Manager Salary

(26 salaries)

₹3 L/yr - ₹6.5 L/yr

Area Sales Manager Salary

(14 salaries)

₹7 L/yr - ₹16.36 L/yr

Marketing Manager Salary

(13 salaries)

₹5.95 L/yr - ₹15.5 L/yr

Branch Manager Salary

(9 salaries)

₹6 L/yr - ₹10.5 L/yr

Top skills at HDFC Ergo General Insurance for Agency Manager

Insurance Sales Sales Agency Sales Insurance Agent Recruitment General Insurance Agency Channel General Insurance Sales Marketing Health Insurance Agency Management agency development MS Office Casa agency

Salary related reviews for HDFC Ergo General Insurance

3.0

Rated by 1 employees for salary & benefits

Agency Manager in Bhopal

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Oct 2023

3.0

for Salary and Benefits

Likes

The company thinks very highly of its customers

Work satisfaction - Good

Dislikes

company is providing new employees with higher compensation packages than existing employees, without offering any increment to the latter. This can create dissatisfaction among the older employees.

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

Employee can manage his/her work life balance at this organization.

Job security - Excellent

+2 more

Dislikes

...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.

Skill development - Poor

+1 more

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Nov 2022

1.0

for Salary and Benefits

Likes

Claims

Dislikes

...what to do and how.. just business without planning. Lack of vision n mission. Comparatively Very low salary and incentives . Software n system upto 1980s. Focus on employee tracking instead of supporting.

Salary - Bad

+6 more

Sales Executive in Noida

Full Time

Other Department

5.0

• posted on 14 Jul 2020

5.0

for Salary and Benefits

Likes

Manager are more cooperative , i am happy with management and also they will give salary on time in this pandemic situation.

Salary - Excellent

+6 more

Dislikes

Everything is fine but i am not happy with my salary. Salary is too low as compared my work. I am too dedicated to my work .

Sales Officer in Noida

Customer Success, Service & Operations Department

5.0

• posted on 10 Jun 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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HDFC Ergo General Insurance Agency Manager Salary FAQs

What is the salary of Agency Manager at HDFC Ergo General Insurance in Mumbai?

The average salary of a Agency Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹2.6 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Agency Manager in Mumbai at HDFC Ergo General Insurance earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Agency Manager Salaries at HDFC Ergo 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 8 HDFC Ergo General Insurance employees in India.

What is the estimated take home salary of a Agency Manager at HDFC Ergo General Insurance in Mumbai?

The estimated take-home salary of a Agency Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹26,718 to ₹28,131 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 8 salaries received from various employees of HDFC Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Agency Manager at HDFC Ergo General Insurance in Mumbai?

To be a Agency Manager at HDFC Ergo General Insurance in Mumbai, the key skills required include:

- Insurance Sales
- Sales
- Agency Sales
- Insurance
- Agent Recruitment

These skills are highly valued at HDFC Ergo General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Ergo General Insurance for Agency Manager in India?

Bajaj Allianz Life Insurance	₹4.0 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance	₹3.5 Lakhs to ₹6.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹5.3 Lakhs per year
HDFC Life	₹1.8 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a Agency Manager in companies similar to HDFC Ergo General Insurance in Mumbai?

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

Kotak Mahindara Life Insurance	₹2.0 Lakhs to ₹7.4 Lakhs per year
Reliance Nippon Life Insurance	₹2.1 Lakhs to ₹2.8 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.3 Lakhs to ₹4.0 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 Agency Manager at HDFC Ergo General Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.1 Lakhs to ₹4.0 Lakhs per year
1 year	₹3.2 Lakhs to ₹4.1 Lakhs per year
2 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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HDFC Ergo General Insurance Agency Manager Salaries in Mumbai

HDFC Ergo General Insurance Agency Manager salary in Mumbai ranges between ₹2.6 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.