HDFC Ergo General Insurance Mumbai Business Analyst Salaries by 10 Employees (Updated 2025)

2 - 10 years exp.

₹7.4 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% less than the average Business Analyst Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 2 - 10 years exp. (6 salaries)	₹7.4 L/yr - ₹15.7 L/yr
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IT & Information Security Business Analyst Salary 6 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.5 L/yr

Last Updated: 31 Jan 2025

Companies similar to HDFC Ergo General Insurance for Business Analyst in Mumbai

HDFC Ergo General Insurance Business Analyst Salary

2 - 10 years exp. (10 salaries)

₹7.4 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Analyst Salary 0 - 6 years exp. (26 salaries)	₹4 L/yr - ₹13.8 L/yr 11% less
HDFC Life Business Analyst Salary 1 - 8 years exp. (22 salaries)	₹3.2 L/yr - ₹11.1 L/yr 28% less
Login to view exact salary
ICICI Prudential Life Insurance Business Analyst Salary 0 - 6 years exp. (21 salaries)	₹3.6 L/yr - ₹11 L/yr 17% less
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 7 years exp. (20 salaries)	₹3 L/yr - ₹10 L/yr 42% less	1 job opening
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (15 salaries)	₹4 L/yr - ₹16.6 L/yr 5% less
Bajaj Allianz Life Insurance Business Analyst Salary 3 - 6 years exp. (5 salaries)	₹6 L/yr - ₹16.5 L/yr 33% more
Tata AIA Life Insurance Business Analyst Salary 7 - 10 years exp. (4 salaries)	₹9.9 L/yr - ₹13.3 L/yr 3% more

Business Analyst salary at HDFC Ergo General Insurance ranges between ₹7.4 Lakhs to ₹10.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Business Analyst salaries in Mumbai

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
3 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
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4 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
5 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.6 L/yr
7 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
8 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
9 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
10 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12.1 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Team Lead Salary

(19 salaries)

₹2.9 L/yr - ₹5 L/yr

Senior Associate Salary

(19 salaries)

₹3 L/yr - ₹5 L/yr

Project Manager Salary

(12 salaries)

₹10 L/yr - ₹17.55 L/yr

Data Analyst Salary

(8 salaries)

₹2 L/yr - ₹7.85 L/yr

Data Scientist Salary

(5 salaries)

₹11.96 L/yr - ₹14.15 L/yr

Senior Business Analyst Salary

(3 salaries)

₹8 L/yr - ₹19.8 L/yr

Top skills at HDFC Ergo General Insurance for Business Analyst

Strategic Alliances General Insurance Brd Python Business Analysis Business Analysis Analytical Skills SDLC Motors Strategic Partnerships MS Visio SQL

Salary related reviews for HDFC Ergo General Insurance

3.4

Rated by 2 employees for salary & benefits

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

Business Development Manager

BFSI, Investments & Trading Department

5.0

• posted on 24 Mar 2018

5.0

for Salary and Benefits

Likes

...stry.traning r going time to time .career growth is so good but u have to work .hand some salary package,I live working with Apollo Munich. If I get 1 more chance to work I will work in the same industry.

Salary - Excellent

+6 more

Dislikes

Careless people can't work not in Apollo not any were lese.

Cluster Head Sales in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2025

2.0

for Salary and Benefits

Likes

Nothing even HOD sitting at Mumbai not eager to pay travelling allowance. Great joke you need to provide upi payment detail for bus fare if you have travelled by private bus.

Dislikes

Seniors don't have humanity, you need to attend concall even though you are in icu.

Salary - Poor

+6 more

Duty Medical Officer in Mumbai

Full Time

Healthcare & Life Sciences Department

1.0

• posted on 31 Jan 2025

2.0

for Salary and Benefits

Likes

Salary on time only benifits.

Dislikes

- Creat problem when you switch, create relieving issues . - CTC not as per discussion. - 3 month Notice period ,if not done no compensation AND RECOVERY. THANK TWICE BEFORE JOINING. - 5 days on paper but 6 days off record work. BOTHERATION BY MANAGER FOR TARGET TO REJECT CLAIMS.

Salary - Poor

+5 more

Senior Manager Information Technology in Mumbai

Full Time

IT & Information Security Department

5.0

• posted on 25 Dec 2024

5.0

for Salary and Benefits

Likes

...appy to be part of HDFC Ergo where I can upskill myself along with he work life. Company encourage us to take time off for personal life Management is good Salary and work environment is also good Multiple events helps to avoid boring work life

Salary - Excellent

+6 more

Dislikes

Nothing so far... See if they can help to improve the appraisal thing 😜 Because whatever good we get as an employee but good increament will always have higher stake in that happiness and shows worthiness to the efforts

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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 Business Analyst Salary FAQs

What is the salary of Business Analyst at HDFC Ergo General Insurance in Mumbai?

The average salary of a Business Analyst at HDFC Ergo General Insurance in Mumbai typically ranges from ₹7.4 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Business Analyst in Mumbai at HDFC Ergo General Insurance earn more than ₹19.0 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Business Analyst 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 10 HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Business Analyst at HDFC Ergo General Insurance in Mumbai typically ranges from ₹72,470 to ₹74,339 per month. This is based on the average salary range of ₹7.4 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 2 years to 10 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 10 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 Business Analyst at HDFC Ergo General Insurance in Mumbai?

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

- Strategic Alliances
- General Insurance
- Brd
- Python
- Business Analysis

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 Business Analyst in India?

Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹16.5 Lakhs per year
Tata AIA Life Insurance	₹9.9 Lakhs to ₹13.3 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 Business Analyst in companies similar to HDFC Ergo General Insurance in Mumbai?

The salary of a Business Analyst 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:

Aditya Birla Sun Life Insurance	₹4.0 Lakhs to ₹16.6 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹13.8 Lakhs per year
ICICI Prudential Life Insurance	₹3.6 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹3.2 Lakhs to ₹11.1 Lakhs per year
Kotak Mahindara Life Insurance	₹3.0 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 Business Analyst at HDFC Ergo General Insurance in Mumbai?

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

Experience	Average Salary Range
2 years	₹8.6 Lakhs to ₹11.0 Lakhs per year
3 years	₹8.7 Lakhs to ₹11.2 Lakhs per year
4 years	₹8.8 Lakhs to ₹11.3 Lakhs per year
5 years	₹8.9 Lakhs to ₹11.4 Lakhs per year

and so on.

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HDFC Ergo General Insurance Business Analyst Salaries in Mumbai

HDFC Ergo General Insurance Business Analyst salary in Mumbai ranges between ₹7.4 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.