HDFC Ergo General Insurance Finance Manager Salaries by 6 Employees (Updated 2025)

8 - 18 years exp.

₹9.8 Lakhs - ₹15.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

29% less than the average Finance Manager Salary in Insurance Companies for 8 - 18 years of experience

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Salaries in different departments

Finance & Accounting Finance Manager Salary 8 - 14 years exp. (4 salaries)	₹9.8 L/yr - ₹15.7 L/yr
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BFSI, Investments & Trading Finance Manager Salary 18 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 10 Feb 2025

Companies similar to HDFC Ergo General Insurance for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Finance Manager Salary 1 - 6 years exp. (98 salaries)	₹2.3 L/yr - ₹4.7 L/yr 70% less
Axis Max Life Insurance Finance Manager Salary 0 - 12 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 64% less
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HDFC Life Finance Manager Salary 1 - 5 years exp. (12 salaries)	₹2.3 L/yr - ₹4.5 L/yr 70% less
AIG Finance Manager Salary 7 - 14 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 34% more
ICICI Lombard General Insurance Company Finance Manager Salary 1 - 7 years exp. (6 salaries)	₹10 L/yr - ₹10.6 L/yr 15% less
Reliance Nippon Life Insurance Finance Manager Salary 0 - 6 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 86% less
Aditya Birla Sun Life Insurance Finance Manager Salary 2 - 9 years exp. (5 salaries)	₹3.8 L/yr - ₹10.7 L/yr 39% less
Bajaj Allianz Life Insurance Finance Manager Salary 5 - 18 years exp. (5 salaries)	₹13.5 L/yr - ₹18 L/yr 24% more
Kotak Mahindara Life Insurance Finance Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 77% less
SBI Life Insurance Company Finance Manager Salary 10 - 15 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 16% less
Star Health & Allied Insurance Finance Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹14 L/yr 28% less
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Shriram Life Insurance Finance Manager Salary 1 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹5 L/yr 73% less

Finance Manager salary at HDFC Ergo General Insurance ranges between ₹9.8 Lakhs to ₹15.7 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Finance Manager salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
9 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
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10 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
11 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
12 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
13 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹14 L/yr
14 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
15+ years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr

View all

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₹3.7 L/yr - ₹11 L/yr

Branch Head Salary

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₹6.3 L/yr - ₹11.8 L/yr

Relationship Manager Salary

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₹2 L/yr - ₹6 L/yr

Financial Controller Salary

(AmbitionBox Estimate)

₹40.5 L/yr - ₹51.7 L/yr

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Salary related reviews for HDFC Ergo General Insurance

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.

Sales Executive in Hubli

BFSI, Investments & Trading Department

5.0

• posted on 05 Sep 2020

3.0

for Salary and Benefits

Likes

...e well..every 3months they will arrange trips.hdfc ergo we were like a family..they will provide on time salary and good bonus.. as a part of HDFC ERGO I personally enjoyed a lot

Skill development - Excellent

+4 more

Dislikes

Nil

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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 Finance Manager Salary FAQs

What is the salary of Finance Manager at HDFC Ergo General Insurance ?

The average salary of a Finance Manager at HDFC Ergo General Insurance in India typically ranges from ₹9.8 Lakhs to ₹15.7 Lakhs per year, depending on experience (from 8 years to 18 years).

The top 10% of Finance Manager at HDFC Ergo General Insurance earn more than ₹15.6 Lakhs per year, and the top 1% earn over ₹15.7 Lakhs per year. Finance 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 6 HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Finance Manager at HDFC Ergo General Insurance in India typically ranges from ₹86,225 to ₹88,483 per month. This is based on the average salary range of ₹9.8 Lakhs to ₹15.7 Lakhs per year for employees with experience ranging from 8 years to 18 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 6 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 Finance Manager in India?

AIG	₹13.0 Lakhs to ₹21.1 Lakhs per year
Bajaj Allianz Life Insurance	₹13.5 Lakhs to ₹18.0 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 Finance Manager in companies similar to HDFC Ergo General Insurance in India?

The salary of a Finance Manager 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:

ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹10.6 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹12.0 Lakhs per year
Star Health & Allied Insurance	₹5.0 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.8 Lakhs to ₹10.7 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹6.0 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 Finance Manager at HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
8 years	₹9.9 Lakhs to ₹12.7 Lakhs per year
9 years	₹10.1 Lakhs to ₹12.9 Lakhs per year
10 years	₹10.3 Lakhs to ₹13.2 Lakhs per year
11 years	₹10.5 Lakhs to ₹13.4 Lakhs per year

and so on.

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HDFC Ergo General Insurance Finance Manager Salaries

HDFC Ergo General Insurance Finance Manager salary in India ranges between ₹9.8 Lakhs to ₹15.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.