HDFC Ergo General Insurance Retention Manager Salaries by 40+ Employees

0 - 8 years exp.

₹2.3 Lakhs - ₹4.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

39% less than the average Retention Manager Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Retention Manager Salary 1 - 8 years exp. (13 salaries)	₹2.3 L/yr - ₹4.3 L/yr
Sales & Business Development Retention Manager Salary 0 - 6 years exp. (11 salaries)	₹2.8 L/yr - ₹4.4 L/yr
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Customer Success, Service & Operations Retention Manager Salary 1 - 4 years exp. (4 salaries)	₹2.6 L/yr - ₹3.1 L/yr
Finance & Accounting Retention Manager Salary 3 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹3.5 L/yr
Marketing & Communication Retention Manager Salary 2 - 7 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr

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Last Updated: 1 Oct 2024

Companies similar to HDFC Ergo General Insurance for Retention Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Retention Manager Salary 0 - 9 years exp. (14 salaries)	₹1.8 L/yr - ₹5.1 L/yr 2% less
Bajaj Allianz Life Insurance Retention Manager Salary 3 - 15 years exp. (3 salaries)	₹3.6 L/yr - ₹12 L/yr 113% more
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BYJU'S Retention Manager Salary 1 - 6 years exp. (18 salaries)	₹5.1 L/yr - ₹13.7 L/yr 161% more
Axis Bank Retention Manager Salary 1 - 8 years exp. (10 salaries)	₹4 L/yr - ₹6.3 L/yr 52% more
Mahindra Holidays & Resorts Retention Manager Salary 5 - 11 years exp. (9 salaries)	₹5 L/yr - ₹7 L/yr 84% more

Retention Manager salary at HDFC Ergo General Insurance ranges between ₹2.3 Lakhs to ₹4.4 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 42 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Retention Manager salaries

Last Updated: 1 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
1 year (6 salaries)	₹2.3 L/yr - ₹5.7 L/yr
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2 years (4 salaries)	₹2.6 L/yr - ₹4 L/yr
3 years (10 salaries)	₹2.8 L/yr - ₹4.2 L/yr
4 years (9 salaries)	₹2.6 L/yr - ₹4.2 L/yr
5 years (4 salaries)	₹2.6 L/yr - ₹3.5 L/yr
6 years (5 salaries)	₹2.9 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Relationship Manager Salary

(82 salaries)

₹2 L/yr - ₹6 L/yr

Deputy Manager Salary

(885 salaries)

₹3 L/yr - ₹10.25 L/yr

Branch Manager Salary

(190 salaries)

₹4.7 L/yr - ₹14.5 L/yr

Area Manager Salary

(40 salaries)

₹6 L/yr - ₹12.5 L/yr

Sales Manager Salary

(286 salaries)

₹2.4 L/yr - ₹7.5 L/yr

Area Sales Manager Salary

(140 salaries)

₹4.9 L/yr - ₹19.06 L/yr

Senior Sales Manager Salary

(15 salaries)

₹3.6 L/yr - ₹9.5 L/yr

Assistant Sales Manager Salary

(30 salaries)

₹2.6 L/yr - ₹5.25 L/yr

Relationship Officer Salary

(4 salaries)

₹2.1 L/yr - ₹3.6 L/yr

Client Relationship Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Top skills at HDFC Ergo General Insurance for Retention Manager

Renewals Salesforce Telesales

Salary related reviews for HDFC Ergo General Insurance

3.6

Rated by 8 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.

Sales Executive in Hubli

BFSI, Investments & Trading Department

5.0

• posted on 05 Sep 2020

3.0

for Salary and Benefits

Likes

...e well..every 3months they will arrange trips.hdfc ergo we were like a family..they will provide on time salary and good bonus.. as a part of HDFC ERGO I personally enjoyed a lot

Skill development - Excellent

+4 more

Dislikes

Nil

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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 Retention Manager Salary FAQs

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

The average salary of a Retention Manager at HDFC Ergo General Insurance in India typically ranges from ₹2.3 Lakhs to ₹4.4 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Retention Manager at HDFC Ergo General Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.4 Lakhs per year. Retention 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 40+ HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Retention Manager at HDFC Ergo General Insurance in India typically ranges from ₹23,913 to ₹25,368 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.4 Lakhs per year for employees with experience ranging from Fresher to 8 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 40+ salaries received from various employees of HDFC Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Retention Manager at HDFC Ergo General Insurance ?

To be a Retention Manager at HDFC Ergo General Insurance in india, the key skills required include:

- Renewals
- Salesforce
- Telesales

These skills are highly valued at HDFC Ergo General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Ergo General Insurance for Retention Manager in India?

BYJU'S	₹5.1 Lakhs to ₹13.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.6 Lakhs to ₹12.0 Lakhs per year
Mahindra Holidays & Resorts	₹5.0 Lakhs to ₹7.0 Lakhs per year
Axis Bank	₹4.0 Lakhs to ₹6.3 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 Retention Manager in companies similar to HDFC Ergo General Insurance in India?

The salary of a Retention 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:

ICICI Lombard General Insurance Company

₹1.8 Lakhs to ₹5.1 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 Retention Manager at HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.3 Lakhs to ₹5.7 Lakhs per year
2 years	₹2.6 Lakhs to ₹4.0 Lakhs per year
3 years	₹2.8 Lakhs to ₹4.2 Lakhs per year

and so on.

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HDFC Ergo General Insurance Retention Manager Salaries by Location

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HDFC Ergo General Insurance Retention Manager Salaries

HDFC Ergo General Insurance Retention Manager salary in India ranges between ₹2.3 Lakhs to ₹4.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.

HDFC Ergo General Insurance Retention Manager salaries in India

Companies similar to HDFC Ergo General Insurance for Retention Manager

Latest annual salaries shared by HDFC Ergo General Insurance Retention Manager

Experience wise HDFC Ergo General Insurance Retention Manager salaries

Similar Designation salaries in HDFC Ergo General Insurance

Top skills at HDFC Ergo General Insurance for Retention Manager

Salary related reviews for HDFC Ergo General Insurance

Deputy Manager in Surat

Branch Manager in Mumbai

Sales Executive in Noida

Sales Officer in Noida

Sales Executive in Hubli

HDFC Ergo General Insurance Retention Manager Salary FAQs

Tell us how to improve this page.

HDFC Ergo General Insurance Retention Manager Salaries by Location