HDFC Ergo General Insurance Operations Manager Salaries by 20+ Employees

6 - 14 years exp.

₹2.3 Lakhs - ₹9.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

48% less than the average Operations Manager Salary in Insurance Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Operations Manager Salary 6 - 14 years exp. (8 salaries)	₹2.3 L/yr - ₹9.6 L/yr
Customer Success, Service & Operations Operations Manager Salary 9 - 12 years exp. (5 salaries)	₹4 L/yr - ₹8.5 L/yr
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Finance & Accounting Operations Manager Salary 8 - 13 years exp. (3 salaries)	₹3.4 L/yr - ₹5.9 L/yr

Last Updated: 28 Dec 2024

Companies similar to HDFC Ergo General Insurance for Operations Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Operations Manager Salary 2 - 13 years exp. (289 salaries)	₹1.8 L/yr - ₹9 L/yr 17% less
Axis Max Life Insurance Operations Manager Salary 1 - 16 years exp. (49 salaries)	₹2.2 L/yr - ₹11 L/yr 7% more
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ICICI Prudential Life Insurance Operations Manager Salary 1 - 15 years exp. (43 salaries)	₹1.5 L/yr - ₹7.5 L/yr 24% less
SBI Life Insurance Company Operations Manager Salary 6 - 18 years exp. (44 salaries)	₹3.6 L/yr - ₹13 L/yr 44% more
HDFC Life Operations Manager Salary 1 - 17 years exp. (38 salaries)	₹1.5 L/yr - ₹10.4 L/yr 1% more
Kotak Mahindara Life Insurance Operations Manager Salary 1 - 13 years exp. (42 salaries)	₹2.7 L/yr - ₹9 L/yr 12% less
Tata AIA Life Insurance Operations Manager Salary 0 - 18 years exp. (21 salaries)	₹6.5 L/yr - ₹15.6 L/yr 107% more
Empower Operations Manager Salary 9 - 15 years exp. (16 salaries)	₹11.2 L/yr - ₹22 L/yr 187% more
Bajaj Allianz Life Insurance Operations Manager Salary 4 - 19 years exp. (17 salaries)	₹3.5 L/yr - ₹15 L/yr 49% more
Reliance Nippon Life Insurance Operations Manager Salary 5 - 16 years exp. (10 salaries)	₹2.9 L/yr - ₹3.9 L/yr 38% less
Shriram Life Insurance Operations Manager Salary 3 - 10 years exp. (6 salaries)	₹2.6 L/yr - ₹10.1 L/yr 2% less
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Aditya Birla Sun Life Insurance Operations Manager Salary 12 - 17 years exp. (5 salaries)	₹3.4 L/yr - ₹7.3 L/yr 16% less
Kotak Mahindra General Insurance Operations Manager Salary 1 - 11 years exp. (5 salaries)	₹2.2 L/yr - ₹5.4 L/yr 20% less
Gallagher Operations Manager Salary 16 - 19 years exp. (4 salaries)	₹15.9 L/yr - ₹21.3 L/yr 230% more
Spectrum Insurance Distribution Operations Manager Salary 9 - 18 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 7% more
AIG Operations Manager Salary 9 - 14 years exp. (4 salaries)	₹15 L/yr - ₹16 L/yr 170% more

Operations Manager salary at HDFC Ergo General Insurance ranges between ₹2.3 Lakhs to ₹9.6 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 20 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Operations Manager

2mo ago

₹3.4 Lakhs

13 years exp.

2mo ago

₹7.3 Lakhs

11 years exp.

2mo ago

₹6.7 Lakhs

7 years exp.

3mo ago

₹5 Lakhs

14 years exp.

3mo ago

₹2.3 Lakhs

8 years exp.

9mo ago

10 years exp.

11mo ago

11 years exp.

1y ago

13 years exp.

1y ago

12 years exp.

1y ago

10 years exp.

Experience wise HDFC Ergo General Insurance Operations Manager salaries

Last Updated: 28 Dec 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹9.1 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.7 L/yr
Login to view exact salary
8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹9.6 L/yr
9 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹8.5 L/yr
10 years (3 salaries)	₹4 L/yr - ₹9.2 L/yr
11 years (3 salaries)	₹3.4 L/yr - ₹7.4 L/yr
12 years (3 salaries)	₹5 L/yr - ₹8 L/yr
13 years (3 salaries)	₹3.4 L/yr - ₹7.8 L/yr
14 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.6 L/yr

View all

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Salary related reviews for HDFC Ergo General Insurance

3.0

Rated by 7 employees for salary & benefits

Operations Manager in Noida

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

Skill development - Bad

+4 more

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

Operations Executive in Mumbai

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.

Relationship Manager in Patna

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.

Salary - Poor

+6 more

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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 Operations Manager Salary FAQs

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

The average salary of a Operations Manager at HDFC Ergo General Insurance in India typically ranges from ₹2.3 Lakhs to ₹9.6 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Operations Manager at HDFC Ergo General Insurance earn more than ₹8.8 Lakhs per year, and the top 1% earn over ₹9.6 Lakhs per year. Operations 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 20+ HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Operations Manager at HDFC Ergo General Insurance in India typically ranges from ₹42,743 to ₹43,867 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹9.6 Lakhs per year for employees with experience ranging from 6 years to 14 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 20+ 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 Operations Manager in India?

Gallagher	₹15.9 Lakhs to ₹21.3 Lakhs per year
Empower	₹11.2 Lakhs to ₹22.0 Lakhs per year
AIG	₹15.0 Lakhs to ₹16.0 Lakhs per year
Tata AIA Life Insurance	₹6.5 Lakhs to ₹15.6 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 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 Operations Manager in companies similar to HDFC Ergo General Insurance in India?

The salary of a Operations 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:

SBI Life Insurance Company	₹3.6 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹11.0 Lakhs per year
Spectrum Insurance Distribution	₹5.0 Lakhs to ₹7.0 Lakhs per year
HDFC Life	₹1.5 Lakhs to ₹10.4 Lakhs per year
Shriram Life Insurance	₹2.6 Lakhs to ₹10.1 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 Operations Manager at HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
6 years	₹2.3 Lakhs to ₹9.1 Lakhs per year
7 years	₹2.3 Lakhs to ₹6.7 Lakhs per year
8 years	₹2.3 Lakhs to ₹9.6 Lakhs per year
9 years	₹2.2 Lakhs to ₹8.5 Lakhs per year

and so on.

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HDFC Ergo General Insurance Operations Manager Salaries

HDFC Ergo General Insurance Operations Manager salary in India ranges between ₹2.3 Lakhs to ₹9.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.