HDFC Ergo General Insurance Insurance Manager Salaries by 8 Employees (Updated 2025)

5 - 11 years exp.

₹4 Lakhs - ₹9.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

49% more than the average Insurance Manager Salary in Insurance Companies for 5 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Manager Salary 7 - 10 years exp. (3 salaries)	₹4.5 L/yr - ₹9.4 L/yr
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Sales & Business Development Insurance Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹7.5 L/yr

Last Updated: 3 Feb 2025

Companies similar to HDFC Ergo General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Insurance Manager Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 37% less
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 40% less
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Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (25 salaries)	₹1.8 L/yr - ₹5 L/yr 42% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (28 salaries)	₹2.6 L/yr - ₹7.7 L/yr 23% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 35% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 35% less
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹5 L/yr 42% less
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 29% less
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (13 salaries)	₹1 L/yr - ₹5 L/yr 44% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (15 salaries)	₹2.5 L/yr - ₹4.5 L/yr 34% less
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 37% less
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Maruti Suzuki Insurance Broking Insurance Manager Salary 5 - 10 years exp. (7 salaries)	₹2.4 L/yr - ₹5.1 L/yr 41% less
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹7.3 L/yr 27% less
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 9% more
Kotak Mahindra General Insurance Insurance Manager Salary 10 - 12 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 5% less

Insurance Manager salary at HDFC Ergo General Insurance ranges between ₹4 Lakhs to ₹9.4 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Insurance Manager salaries

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
5 years (3 salaries)	₹4.1 L/yr - ₹9 L/yr
6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
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7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr

View all

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Salary related reviews for HDFC Ergo General Insurance

4.1

Rated by 3 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

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.

Territory Sales Manager in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 16 Oct 2020

4.0

for Salary and Benefits

Likes

... company to work with. All employees are supportive from FLS level to top level. Salary, incentive and promotion structure is good which plays a supportive role to encourage the employees.

Salary - Good

+6 more

Dislikes

Employees favouritism is there so no one should expect appraisal on the basis of performance.

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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 Insurance Manager Salary FAQs

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

The average salary of a Insurance Manager at HDFC Ergo General Insurance in India typically ranges from ₹4.0 Lakhs to ₹9.4 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Insurance Manager at HDFC Ergo General Insurance earn more than ₹9.4 Lakhs per year, and the top 1% earn over ₹9.4 Lakhs per year. Insurance 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 8 HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Insurance Manager at HDFC Ergo General Insurance in India typically ranges from ₹45,302 to ₹46,388 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹9.4 Lakhs per year for employees with experience ranging from 5 years to 11 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 8 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 Manager in India?

The New India Assurance Co.

₹1.2 Lakhs to ₹15.0 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 Manager in companies similar to HDFC Ergo General Insurance in India?

The salary of a Insurance 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:

Kotak Mahindra General Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance	₹4.2 Lakhs to ₹7.3 Lakhs per year
ICICI Lombard General Insurance Company	₹2.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company	₹2.5 Lakhs to ₹4.5 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 Manager at HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
5 years	₹4.1 Lakhs to ₹9.0 Lakhs per year
6 years	₹4.9 Lakhs to ₹6.2 Lakhs per year
7 years	₹5.2 Lakhs to ₹6.6 Lakhs per year
8 years	₹5.5 Lakhs to ₹7.1 Lakhs per year

and so on.

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HDFC Ergo General Insurance Insurance Manager Salaries

HDFC Ergo General Insurance Insurance Manager salary in India ranges between ₹4 Lakhs to ₹9.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.