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4.0

based on 3.1k Reviews

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HDFC Ergo General Insurance Manager M1 salaries in Mumbai

Annual salary range
5 - 10 years exp.
₹8.5 Lakhs - ₹14 Lakhs
Salary of majority employees
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At par with the average Manager M1 Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
5 - 8 years exp. (7 salaries)
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₹8.5 L/yr - ₹14 L/yr

Sales & Business Development
Manager M1 Salary
10 years exp. (AmbitionBox Estimate)
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₹10 L/yr - ₹10.8 L/yr

Last Updated: 6 Nov 2024

Companies similar to HDFC Ergo General Insurance for Manager M1 in Mumbai

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HDFC Ergo General Insurance Manager M1 Salary

5 - 10 years exp. (8 salaries)

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₹8.5 L/yr - ₹14 L/yr

vs
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₹6 L/yr - ₹9.9 L/yr

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₹8.4 L/yr - ₹9.3 L/yr

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SBI Life Insurance Company Manager M1 Salary

3 - 17 years exp. (3 salaries)

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₹8.6 L/yr - ₹11.6 L/yr

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ICICI Bank Manager M1 Salary

1 - 17 years exp. (498 salaries)

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₹4.5 L/yr - ₹17 L/yr

At par
Manager M1 salary at HDFC Ergo General Insurance ranges between ₹8.5 Lakhs to ₹14 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Manager M1 in Mumbai

2mo ago
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8 years exp.
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6 years exp.
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6 years exp.
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5 years exp.
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5 years exp.
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7 years exp.
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10 years exp.
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6 years exp.

Experience wise HDFC Ergo General Insurance Manager M1 salaries in Mumbai

Last Updated: 6 Nov 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹19.8 L/yr
6 years  (3 salaries)

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₹8.5 L/yr - ₹11 L/yr
7 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹14 L/yr
9 years (AmbitionBox Estimate)

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₹9.6 L/yr - ₹12.3 L/yr
View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary
(250 salaries)
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₹3.5 L/yr - ₹10.25 L/yr
Team Lead Salary
(20 salaries)
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₹2.9 L/yr - ₹5 L/yr
Project Manager Salary
(12 salaries)
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₹10 L/yr - ₹17.55 L/yr
Branch Manager Salary
(10 salaries)
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₹6 L/yr - ₹10.5 L/yr
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₹2.3 L/yr - ₹7.8 L/yr
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₹11.4 L/yr - ₹38 L/yr
Area Manager Salary
(3 salaries)
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₹7.1 L/yr - ₹11.4 L/yr

Salary related reviews for HDFC Ergo General Insurance

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

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.

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

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.

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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.

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
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HDFC Ergo General Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at HDFC Ergo General Insurance Mumbai?
Manager M1 salary at HDFC Ergo General Insurance in Mumbai ranges between ₹8.5 Lakhs to ₹14.0 Lakhs for experience between 5 years to 10 years. According to our estimates it is 4% less than the average Manager M1 Salary in India. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance Mumbai.
How does the salary of a Manager M1 at HDFC Ergo General Insurance Mumbai compare with the average salary range for this job?
The average salary of a Manager M1 at HDFC Ergo General Insurance is 4% less than the average salary of a Manager M1 in Mumbai. To know exact salary insights, login to view.
What is the salary of a Manager M1 in companies similar to HDFC Ergo General Insurance in Mumbai?
  • ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
  • SBI Life Insurance Company Manager M1 Salary - ₹8.6 Lakhs to ₹11.6 Lakhs per year
  • Aditya Birla Sun Life Insurance Manager M1 Salary - ₹8.4 Lakhs to ₹9.3 Lakhs per year
  • ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.9 Lakhs per year
  • ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year
What is the estimated take home salary of a Manager M1 at HDFC Ergo General Insurance in Mumbai?
The estimated take-home salary of a Manager M1 at HDFC Ergo General Insurance ranges between ₹77,037 per month to ₹79,036 per month in Mumbai. The take-home salary calculation is based on the average HDFC Ergo General Insurance Manager M1 salary in India which ranges between ₹8.5 Lakhs to ₹14.0 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Manager M1 at HDFC Ergo General Insurance in Mumbai?
According to AmbitionBox, 79% of the HDFC Ergo General Insurance Manager M1s in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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HDFC Ergo General Insurance Manager M1 salary in Mumbai ranges between ₹8.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.