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HDFC Ergo General Insurance Insurance Executive salaries in Mumbai

Annual salary range
2 - 4 years exp.
₹2.1 Lakhs - ₹2.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Insurance Executive Salary in Insurance Companies for 2 - 4 years of experience

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Last Updated: 16 Dec 2023

Companies similar to HDFC Ergo General Insurance for Insurance Executive in Mumbai

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HDFC Ergo General Insurance Insurance Executive Salary

2 - 4 years exp. (4 salaries)

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₹2.1 L/yr - ₹2.9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹3.5 L/yr

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₹2 L/yr - ₹4.5 L/yr

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₹1.3 L/yr - ₹2 L/yr

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TCS Insurance Executive Salary

1 - 6 years exp. (27 salaries)

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₹2.1 L/yr - ₹4 L/yr

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Capita Insurance Executive Salary

1 - 6 years exp. (12 salaries)

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₹2 L/yr - ₹3.5 L/yr

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Insurance Executive salary at HDFC Ergo General Insurance ranges between ₹2.1 Lakhs to ₹2.9 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Insurance Executive in Mumbai

1y ago
₹2.1 Lakhs
4 years exp.
1y ago
₹2.6 Lakhs
4 years exp.

Experience wise HDFC Ergo General Insurance Insurance Executive salaries in Mumbai

Last Updated: 16 Dec 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
3 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr

Similar Designation salaries in HDFC Ergo General Insurance

Sales Executive Salary
(53 salaries)
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₹1.45 L/yr - ₹3.75 L/yr
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₹1.8 L/yr - ₹3.5 L/yr
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₹1.5 L/yr - ₹4.5 L/yr
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₹1.8 L/yr - ₹4.13 L/yr
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₹1.55 L/yr - ₹4 L/yr
MIS Executive Salary
(11 salaries)
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₹2 L/yr - ₹4.2 L/yr
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₹2.4 L/yr - ₹3.4 L/yr

Salary related reviews for HDFC Ergo General Insurance

5.0

Rated by 2 employees for salary & benefits

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

read more
  • Skill development - Bad
  • +4 more

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.

read more
  • Skill development - Poor
  • +1 more

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.

read more
  • 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 .

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Full Time

 · 

CEM Department

4.0
  •  posted on 29 Oct 2018

3.0
 for  Salary and Benefits

Likes

1.Work environment was friendly & approach towards hierarchial level was easier. 2.Work-life balance was smooth. 3.Learning opportunity was awesome.

read more
  • Promotions - Good
  • +1 more

Dislikes

1.Compensation is up to the experience & growth 2.Lot of politics 3.Managers take advantage with the strengths like if a person is work-aholic they ask to work more than working hours n burden with loads of work but doesn't appreciate or recognize the efforts 4.Focus on OJT is poor & the seniors had to guide the fresher's about the look & corner of the work process, due to politics the seniors effort go unnoticed.

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Operations Department

4.0
  •  posted on 11 Oct 2020

4.0
 for  Salary and Benefits

Likes

This is my first corporate job in HDFC, and I'm still working, everything is good.

  • Salary - Good
  • +5 more

Dislikes

I'm working in this company from last 4 years, still I'm struggling to get on payroll, in pemdamic employees who are on company payroll get their bonus on time (April) and we still don't know anything about ours. at the end we come to know that company is in loss so third party payroll employees can't get bonus as well as increment this year. which is something I did not expected. Payroll employees got their bonus but at our time it's in loss, that's Sad.

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HDFC Ergo General Insurance Insurance Executive Salary FAQs

What is the salary of Insurance Executive at HDFC Ergo General Insurance in Mumbai?
The average salary of a Insurance Executive at HDFC Ergo General Insurance in Mumbai typically ranges from ₹2.1 Lakhs to ₹2.9 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Insurance Executive in Mumbai at HDFC Ergo General Insurance earn more than ₹2.7 Lakhs per year, and the top 1% earn over ₹2.7 Lakhs per year. Insurance Executive 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 Insurance Executive at HDFC Ergo General Insurance in Mumbai?
The estimated take-home salary of a Insurance Executive at HDFC Ergo General Insurance in Mumbai typically ranges from ₹19,716 to ₹21,384 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹2.9 Lakhs per year for employees with experience ranging from 2 years to 4 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 Insurance Executive in India?
ICICI Prudential Life Insurance ₹2.4 Lakhs to ₹3.5 Lakhs per year
Capita ₹2.0 Lakhs to ₹3.5 Lakhs per year
TCS ₹2.1 Lakhs to ₹4.0 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 Insurance Executive in companies similar to HDFC Ergo General Insurance in Mumbai?
The salary of a Insurance Executive 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:

ICICI Lombard General Insurance Company ₹2.0 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindara Life Insurance ₹1.3 Lakhs to ₹2.0 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 Insurance Executive at HDFC Ergo General Insurance in Mumbai?
The salary growth for a Insurance Executive at HDFC Ergo General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Insurance Executive in Mumbai can expect the following growth trajectory at HDFC Ergo General Insurance:

Experience Average Salary Range
2 years ₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years ₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years ₹2.6 Lakhs to ₹3.3 Lakhs per year
and so on.

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HDFC Ergo General Insurance Insurance Executive salary in Mumbai ranges between ₹2.1 Lakhs to ₹2.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.