HDFC Ergo General Insurance Deputy Manager Band 2 Salaries by 5 Employees (Updated 2025)

0 - 7 years exp.

₹5.6 Lakhs - ₹7.5 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

9% less than the average Deputy Manager Band 2 Salary in Insurance Companies for 0 - 7 years of experience

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Last Updated: 10 Feb 2025

Companies similar to HDFC Ergo General Insurance for Deputy Manager Band 2

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Deputy Manager Band 2 Salary 10 - 12 years exp. (3 salaries)	₹3.4 L/yr - ₹4.4 L/yr 44% less
ICICI Bank Deputy Manager Band 2 Salary 0 - 14 years exp. (1.3k salaries)	₹3 L/yr - ₹11 L/yr 10% more
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HDFC Bank Deputy Manager Band 2 Salary 3 - 10 years exp. (59 salaries)	₹4 L/yr - ₹7.3 L/yr 12% less
WNS Deputy Manager Band 2 Salary 6 - 14 years exp. (33 salaries)	₹9.5 L/yr - ₹19.5 L/yr 111% more
Kotak Mahindra Bank Deputy Manager Band 2 Salary 0 - 7 years exp. (15 salaries)	₹4.5 L/yr - ₹7 L/yr 12% less

Deputy Manager Band 2 salary at HDFC Ergo General Insurance ranges between ₹5.6 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Deputy Manager Band 2 salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹7.5 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹7.5 L/yr
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2 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
3 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹10.5 L/yr

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Salary related reviews for HDFC Ergo General Insurance

2.0

Rated by 1 employees for salary & benefits

Deputy Manager 1 in Gadchiroli

Full Time

Sales & Business Development Department

1.0

• posted on 05 Apr 2025

1.0

for Salary and Benefits

Likes

...ha Is attitude oriented whose word is customer is not important. than brand..... but he don't know because customers only he can get the salary.... & Eat the food. Different rules for employees. chain smoker & Drinkers State head like Mrinal Pande can be good employee in terms of hygiene level. rest are bad. They support the HDFC BM like Kartik Tadurwar who ask for physical from their coworker & keep demand for night stand for ladies' job in bank. Few woman heads are scheme part of woman empowerment scheme. These are Mrs. Jayashree , Miss Tiwari, Mrs. Mahalaxmi Iyar. these woman can do anything u cant imagine, to took appreciation from management. All these good thing I like from HDFC ERGO.

Salary - Bad

+6 more

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.

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

Associate Agency Development Manager in Nagpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 13 Oct 2020

3.0

for Salary and Benefits

Likes

Nothing good only Hard work and low salary and not showing terms and condition to employee very bad experience don't joint and if you get promotion but salary not increase and no allowance, no bonus. And fraud company please don't joint

Dislikes

Don't joint fraud company very bad experience.

Promotions - Poor

+2 more

Insurance Sales Officer in Trichy

BFSI, Investments & Trading Department

5.0

• posted on 29 Jun 2022

3.0

for Salary and Benefits

Likes

Its a branded company and like to work

Skill development - Excellent

+1 more

Dislikes

...a good company but low level (Exicutive) employees salary and bonus is very low.he is a field work but final year bonus is only for variable pay in percentage only is not satisfied for working.higher authorities CTC is high so easily get a anual bonus is high.kindly analysis this structure.

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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

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HDFC Ergo General Insurance Deputy Manager Band 2 Salary FAQs

What is the salary of Deputy Manager Band 2 at HDFC Ergo General Insurance ?

The average salary of a Deputy Manager Band 2 at HDFC Ergo General Insurance in India typically ranges from ₹5.6 Lakhs to ₹7.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Deputy Manager Band 2 at HDFC Ergo General Insurance earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Deputy Manager Band 2 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 5 HDFC Ergo General Insurance employees in India.

What is the estimated take home salary of a Deputy Manager Band 2 at HDFC Ergo General Insurance in India?

The estimated take-home salary of a Deputy Manager Band 2 at HDFC Ergo General Insurance in India typically ranges from ₹51,703 to ₹52,922 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹7.5 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 5 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 Deputy Manager Band 2 in India?

WNS	₹9.5 Lakhs to ₹19.5 Lakhs per year
ICICI Bank	₹3.0 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 Deputy Manager Band 2 in companies similar to HDFC Ergo General Insurance in India?

The salary of a Deputy Manager Band 2 at companies similar to HDFC Ergo General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹4.0 Lakhs to ₹7.3 Lakhs per year
Kotak Mahindra Bank	₹4.5 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹4.4 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 Deputy Manager Band 2 at HDFC Ergo General Insurance in India?

The salary growth for a Deputy Manager Band 2 at HDFC Ergo General Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Band 2 can expect the following growth trajectory at HDFC Ergo General Insurance:

Experience	Average Salary Range
Fresher	₹7.5 Lakhs to ₹7.5 Lakhs per year
1 year	₹3.0 Lakhs to ₹7.5 Lakhs per year
2 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
3 years	₹6.2 Lakhs to ₹8.0 Lakhs per year

and so on.

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HDFC Ergo General Insurance Deputy Manager Band 2 Salaries

HDFC Ergo General Insurance Deputy Manager Band 2 salary in India ranges between ₹5.6 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.