HDFC Ergo General Insurance Mumbai Branch Head Salaries by 4 Employees

10 - 16 years exp.

₹8.6 Lakhs - ₹11.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Branch Head Salary in Insurance Companies for 10 - 16 years of experience

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Last Updated: 10 Mar 2024

Companies similar to HDFC Ergo General Insurance for Branch Head in Mumbai

HDFC Ergo General Insurance Branch Head Salary

10 - 16 years exp. (4 salaries)

₹8.6 L/yr - ₹11.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Head Salary 5 - 14 years exp. (14 salaries)	₹6.5 L/yr - ₹10 L/yr 11% less	1 job opening
Aditya Birla Sun Life Insurance Branch Head Salary 12 - 18 years exp. (8 salaries)	₹13 L/yr - ₹16.5 L/yr 48% more
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ICICI Prudential Life Insurance Branch Head Salary 9 - 18 years exp. (7 salaries)	₹11.6 L/yr - ₹15.5 L/yr 19% more
Reliance Nippon Life Insurance Branch Head Salary 8 - 12 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 13% less
Axis Bank Branch Head Salary 10 - 23 years exp. (64 salaries)	₹9.7 L/yr - ₹26 L/yr 84% more	9 job openings

Branch Head salary at HDFC Ergo General Insurance ranges between ₹8.6 Lakhs to ₹11.8 Lakhs per year for employees with experience between 10 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Branch Head salaries in Mumbai

Last Updated: 10 Mar 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
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12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
13 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.6 L/yr
14 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
15+ years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.1 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

Branch Manager Salary

(9 salaries)

₹6 L/yr - ₹10.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.9 L/yr - ₹3.9 L/yr

Area Head Salary

(3 salaries)

₹11 L/yr - ₹16.5 L/yr

Salary related reviews for HDFC Ergo General Insurance

Operations Manager in Noida

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 Dec 2024

3.0

for Salary and Benefits

Likes

Salaries are on time

Dislikes

They need low package employees No scope of growth They don't know how to utilise the employees skills and what ever the skills you have learnt in past every thing will vanished due to non utilisation. If you have good reference you will get good post and salaries The new CEO is very poor in cost optimization Very soon this hdfc ergo will be in loss. There compititior will grow by taking some advantages. There policies are not employee and customer friendly

Skill development - Bad

+4 more

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 .

Cluster Head in Agra

BFSI, Investments & Trading Department

5.0

• posted on 26 May 2022

5.0

for Salary and Benefits

Likes

It's Good place to work. In this company lot of opportunity to increase your career. and support of seniors is too good

Salary - Excellent

+6 more

Dislikes

Salary growth and career growth is very slow but lot of learing I have got from there do I am happy with HDFC ERGO

see more salary related reviews

Discover interview dos and don'ts from real experiences

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 Branch Head Salary FAQs

What is the salary of Branch Head at HDFC Ergo General Insurance in Mumbai?

The average salary of a Branch Head at HDFC Ergo General Insurance in Mumbai typically ranges from ₹8.6 Lakhs to ₹11.8 Lakhs per year, depending on experience (from 10 years to 16 years).

The top 10% of Branch Head in Mumbai at HDFC Ergo General Insurance earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹11.8 Lakhs per year. Branch Head 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 4 HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Branch Head at HDFC Ergo General Insurance in Mumbai typically ranges from ₹71,964 to ₹73,820 per month. This is based on the average salary range of ₹8.6 Lakhs to ₹11.8 Lakhs per year for employees with experience ranging from 10 years to 16 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 4 salaries received from various employees of HDFC Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Ergo General Insurance for Branch Head in India?

Axis Bank	₹9.7 Lakhs to ₹26.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹13.0 Lakhs to ₹16.5 Lakhs per year
ICICI Prudential Life Insurance	₹11.6 Lakhs to ₹15.5 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 Branch Head in companies similar to HDFC Ergo General Insurance in Mumbai?

The salary of a Branch Head 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:

HDFC Life	₹6.5 Lakhs to ₹10.0 Lakhs per year
Reliance Nippon Life Insurance	₹8.5 Lakhs to ₹10.0 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 Branch Head at HDFC Ergo General Insurance in Mumbai?

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

Experience	Average Salary Range
10 years	₹8.6 Lakhs to ₹11.0 Lakhs per year
11 years	₹8.8 Lakhs to ₹11.2 Lakhs per year
12 years	₹8.9 Lakhs to ₹11.4 Lakhs per year
13 years	₹9.0 Lakhs to ₹11.6 Lakhs per year

and so on.

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HDFC Ergo General Insurance Branch Head Salaries in Mumbai

HDFC Ergo General Insurance Branch Head salary in Mumbai ranges between ₹8.6 Lakhs to ₹11.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.