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HDFC Ergo General Insurance Manager M1 salaries in India (Updated 2025)

Annual salary range
5 - 15 years exp.
₹5 Lakhs - ₹14 Lakhs
Salary of majority employees
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28% less than the average Manager M1 Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
5 - 15 years exp. (20 salaries)
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₹5 L/yr - ₹14 L/yr

Marketing & Communication
Manager M1 Salary
5 - 13 years exp. (3 salaries)
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₹7.5 L/yr - ₹10 L/yr

Sales & Business Development
Manager M1 Salary
9 - 10 years exp. (3 salaries)
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₹6.5 L/yr - ₹10 L/yr

Customer Success, Service & Operations
Manager M1 Salary
11 - 14 years exp. (AmbitionBox Estimate)
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₹8.2 L/yr - ₹9.8 L/yr

Last Updated: 6 Feb 2025

Companies similar to HDFC Ergo General Insurance for Manager M1

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹6.7 L/yr

arrow icon 21% less
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₹5 L/yr - ₹6.5 L/yr

arrow icon 33% less
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₹4.4 L/yr - ₹6.5 L/yr

arrow icon 36% less
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₹6 L/yr - ₹9.5 L/yr

arrow icon 10% less
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SBI Life Insurance Company Manager M1 Salary

2 - 17 years exp. (6 salaries)

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₹8.4 L/yr - ₹11.6 L/yr

arrow icon 14% more
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₹8.4 L/yr - ₹9.3 L/yr

arrow icon 5% more
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₹3.8 L/yr - ₹4.3 L/yr

arrow icon 49% less
Manager M1 salary at HDFC Ergo General Insurance ranges between ₹5 Lakhs to ₹14 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 32 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Manager M1

3d ago
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15 years exp.
1mo ago
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14 years exp.
2mo ago
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6 years exp.
3mo ago
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8 years exp.
4mo ago
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6 years exp.
4mo ago
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11 years exp.
5mo ago
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13 years exp.
6mo ago
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5 years exp.
6mo ago
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6 years exp.
7mo ago
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10 years exp.

Experience wise HDFC Ergo General Insurance Manager M1 salaries

Last Updated: 6 Feb 2025

Experience Avg Annual Salary
5 years  (4 salaries)

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₹8.5 L/yr - ₹10 L/yr
6 years  (4 salaries)

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₹7.5 L/yr - ₹11 L/yr
7 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹13 L/yr
8 years  (3 salaries)

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₹3.4 L/yr - ₹14 L/yr
9 years  (3 salaries)

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₹7 L/yr - ₹9.8 L/yr
View all

Similar Designation salaries in HDFC Ergo General Insurance

Team Manager Salary
(12 salaries)
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₹5.8 L/yr - ₹12.38 L/yr
Area Manager Salary
(40 salaries)
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₹6 L/yr - ₹12.5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr
Team Lead Salary
(43 salaries)
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₹2.5 L/yr - ₹5.43 L/yr
Branch Manager Salary
(194 salaries)
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₹4.7 L/yr - ₹14.5 L/yr
Deputy Manager Salary
(968 salaries)
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₹3 L/yr - ₹10.25 L/yr
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₹11.4 L/yr - ₹38 L/yr
Project Manager Salary
(16 salaries)
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₹10 L/yr - ₹17.55 L/yr
Cluster Manager Salary
(21 salaries)
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₹4.1 L/yr - ₹13.5 L/yr
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₹2.25 L/yr - ₹9.55 L/yr
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Salary related reviews for HDFC Ergo General Insurance

3.8

Rated by 5 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

 · 

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.

read more
  • Salary - Bad
  • +6 more

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.

read more

Bancainsurance Department

2.0
  •  posted on 28 Jun 2018

2.0
 for  Salary and Benefits

Likes

I don't like anything about working in Apollo Munich, except few people.

Dislikes

There id nothing to like, There is no transparency in salary cut And they won't give Allowances if you will not Achieve your target. There is no management support. Full stressful life, Senior don't know how to work. They will simply put pressure on you.

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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HDFC Ergo General Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at HDFC Ergo General Insurance?
Manager M1 salary at HDFC Ergo General Insurance in India ranges between ₹5.0 Lakhs to ₹14.0 Lakhs for experience between 5 years to 15 years. According to our estimates it is 28% less than the average Manager M1 Salary in India. Salary estimates are based on 32 latest salaries received from various employees of HDFC Ergo General Insurance India.
How does the salary of a Manager M1 at HDFC Ergo General Insurance India compare with the average salary range for this job?
The average salary of a Manager M1 at HDFC Ergo General Insurance is 28% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than HDFC Ergo General Insurance to a Manager M1 in India?
  • SBI Life Insurance Company Manager M1 Salary - ₹8.4 Lakhs to ₹11.6 Lakhs per year
  • Aditya Birla Sun Life Insurance Manager M1 Salary - ₹8.4 Lakhs to ₹9.3 Lakhs per year
What is the salary of a Manager M1 in companies similar to HDFC Ergo General Insurance in India?
  • ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
  • ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year
  • Bajaj Allianz General Insurance Manager M1 Salary - ₹5.0 Lakhs to ₹6.5 Lakhs per year
  • Future Generali India Life Insurance Manager M1 Salary - ₹4.4 Lakhs to ₹6.5 Lakhs per year
  • Kotak Mahindara Life Insurance Manager M1 Salary - ₹3.8 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a Manager M1 at HDFC Ergo General Insurance in India?
The estimated take-home salary of a Manager M1 at HDFC Ergo General Insurance ranges between ₹61,199 per month to ₹62,750 per month in India. The take-home salary calculation is based on the average HDFC Ergo General Insurance Manager M1 salary in India which ranges between ₹5.0 Lakhs to ₹14.0 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?
What is the notice period for Manager M1 at HDFC Ergo General Insurance?
According to AmbitionBox, 77% of the HDFC Ergo General Insurance Manager M1s reported a notice period of 3 Months, 10% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 39 responses on AmbitionBox in last 2 years.

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HDFC Ergo General Insurance Manager M1 salary in India ranges between ₹5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 32 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.

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