HDFC Ergo General Insurance Mumbai Branch Manager Salaries by 9 Employees

9 - 16 years exp.

₹6 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Branch Manager Salary in Insurance Companies for 9 - 16 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 9 - 16 years exp. (4 salaries)	₹6 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Branch Manager Salary 12 - 15 years exp. (3 salaries)	₹8.1 L/yr - ₹9.5 L/yr

Last Updated: 2 Nov 2023

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

HDFC Ergo General Insurance Branch Manager Salary

9 - 16 years exp. (9 salaries)

₹6 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (46 salaries)	₹9.8 L/yr - ₹17.5 L/yr 44% more
HDFC Life Branch Manager Salary 6 - 16 years exp. (31 salaries)	₹5.5 L/yr - ₹12.5 L/yr 1% less
Login to view exact salary
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 1% less
Tata AIA Life Insurance Branch Manager Salary 7 - 19 years exp. (17 salaries)	₹8 L/yr - ₹17.3 L/yr 38% more	13 job openings
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	₹7.3 L/yr - ₹12.5 L/yr 11% more	1 job opening
Star Health & Allied Insurance Branch Manager Salary 8 - 18 years exp. (12 salaries)	₹6.5 L/yr - ₹10.2 L/yr 5% less
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (11 salaries)	₹5.1 L/yr - ₹11 L/yr 12% less	17 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 3% less	4 job openings
SBI Life Insurance Company Branch Manager Salary 7 - 20 years exp. (8 salaries)	₹8 L/yr - ₹12.3 L/yr 24% more
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 6% more

Branch Manager salary at HDFC Ergo General Insurance ranges between ₹6 Lakhs to ₹10.5 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 9 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Branch Manager salaries in Mumbai

Last Updated: 2 Nov 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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11 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
13 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
14 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
15+ years (3 salaries)	₹9 L/yr - ₹10.5 L/yr

View all

From

Branch Manager

9 - 18 years exp.

Area Sales Manager

7 - 17 years exp.

From

View 1 more level

Branch Manager

9 - 18 years exp.

Regional Manager

11 - 20 years exp.

From

Branch Manager

9 - 18 years exp.

Senior Branch Manager

9 - 20 years exp.

From

Branch Manager

9 - 18 years exp.

Cluster Head

8 - 18 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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 Head Salary

(4 salaries)

₹8.6 L/yr - ₹11.8 L/yr

Area Manager Salary

(3 salaries)

₹7.1 L/yr - ₹11.4 L/yr

Top skills at HDFC Ergo General Insurance for Branch Manager

Branch Management Branch Handling Insurance Sales Heading Branch Agency Channel Agency Sales Agent Recruitment Sales Health Insurance Team Handling General Insurance Area Management Territory Management Life Insurance Regional Management

Salary related reviews for HDFC Ergo General Insurance

1.0

Rated by 1 employees for salary & benefits

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

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

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

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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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HDFC Ergo General Insurance Branch Manager Salary FAQs

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

The average salary of a Branch Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹6.0 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 9 years to 16 years).

The top 10% of Branch Manager in Mumbai at HDFC Ergo General Insurance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Branch 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 9 HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Branch Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹66,873 to ₹68,584 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 9 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 9 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 Branch Manager at HDFC Ergo General Insurance in Mumbai?

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

- Branch Management
- Branch Handling
- Insurance Sales
- Heading Branch
- Agency Channel

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 Branch Manager in India?

ICICI Prudential Life Insurance	₹9.8 Lakhs to ₹17.5 Lakhs per year
Tata AIA Life Insurance	₹8.0 Lakhs to ₹17.3 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹12.3 Lakhs per year
Axis Max Life Insurance	₹7.3 Lakhs to ₹12.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹8.5 Lakhs to ₹11.0 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 Branch Manager in companies similar to HDFC Ergo General Insurance in Mumbai?

The salary of a Branch 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	₹6.0 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹5.5 Lakhs to ₹12.5 Lakhs per year
ICICI Lombard General Insurance Company	₹6.0 Lakhs to ₹12.0 Lakhs per year
Star Health & Allied Insurance	₹6.5 Lakhs to ₹10.2 Lakhs per year
Bajaj Allianz Life Insurance	₹5.1 Lakhs to ₹11.0 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 Manager at HDFC Ergo General Insurance in Mumbai?

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

Experience	Average Salary Range
9 years	₹7.5 Lakhs to ₹9.6 Lakhs per year
10 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
11 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
12 years	₹8.0 Lakhs to ₹10.2 Lakhs per year

and so on.

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HDFC Ergo General Insurance Branch Manager Salaries in Mumbai

HDFC Ergo General Insurance Branch Manager salary in Mumbai ranges between ₹6 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.