HDFC Ergo General Insurance Mumbai Sales Manager Salaries by 20+ Employees

1 - 8 years exp.

₹3 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

36% less than the average Sales Manager Salary in Insurance Companies for 1 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Sales Manager Salary 1 - 8 years exp. (11 salaries)	₹3 L/yr - ₹6.5 L/yr
BFSI, Investments & Trading Sales Manager Salary 2 - 8 years exp. (6 salaries)	₹3 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Sales Manager Salary 1 - 6 years exp. (3 salaries)	₹3 L/yr - ₹4.6 L/yr

Last Updated: 30 Nov 2024

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

HDFC Ergo General Insurance Sales Manager Salary

1 - 8 years exp. (26 salaries)

₹3 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 0 - 9 years exp. (116 salaries)	₹3 L/yr - ₹10 L/yr 58% more	24 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (93 salaries)	₹3.9 L/yr - ₹11.6 L/yr 53% more	1 job opening
Login to view exact salary
HDFC Life Sales Manager Salary 0 - 10 years exp. (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr 13% more	4 job openings
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (76 salaries)	₹2.6 L/yr - ₹5.8 L/yr 2% more	5 job openings
Axis Max Life Insurance Sales Manager Salary 0 - 9 years exp. (71 salaries)	₹2.3 L/yr - ₹6 L/yr 1% more	2 job openings
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (42 salaries)	₹2.5 L/yr - ₹9.5 L/yr 56% more
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (20 salaries)	₹1.5 L/yr - ₹5 L/yr 26% less
Tata AIA Life Insurance Sales Manager Salary 5 - 10 years exp. (20 salaries)	₹3.5 L/yr - ₹7.9 L/yr 35% more	4 job openings
Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (19 salaries)	₹2.4 L/yr - ₹7 L/yr 20% less	20 job openings
SBI Life Insurance Company Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3.2 L/yr - ₹5.6 L/yr 14% less	1 job opening

Sales Manager salary at HDFC Ergo General Insurance ranges between ₹3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 26 latest salaries received from various employees of HDFC Ergo General Insurance.

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

4mo ago

₹3.6 Lakhs

8 years exp.

8mo ago

₹3.9 Lakhs

8 years exp.

8mo ago

₹3 Lakhs

3 years exp.

9mo ago

₹4.2 Lakhs

5 years exp.

9mo ago

₹4 Lakhs

8 years exp.

10mo ago

6 years exp.

1y ago

1 year exp.

1y ago

5 years exp.

1y ago

7 years exp.

1y ago

6 years exp.

Experience wise HDFC Ergo General Insurance Sales Manager salaries in Mumbai

Last Updated: 30 Nov 2024

Experience	Avg Annual Salary
1 year (4 salaries)	₹3 L/yr - ₹5 L/yr
2 years (3 salaries)	₹3.8 L/yr - ₹7.2 L/yr
Login to view exact salary
3 years (3 salaries)	₹3 L/yr - ₹5.9 L/yr
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
5 years (5 salaries)	₹3.5 L/yr - ₹4.5 L/yr
6 years (5 salaries)	₹3 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
8 years (3 salaries)	₹3.6 L/yr - ₹8.6 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary

(260 salaries)

₹3 L/yr - ₹10.25 L/yr

Area Sales Manager Salary

(15 salaries)

₹5.13 L/yr - ₹19.75 L/yr

Marketing Manager Salary

(13 salaries)

₹5.95 L/yr - ₹15.5 L/yr

Branch Manager Salary

(9 salaries)

₹6 L/yr - ₹10.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.9 L/yr - ₹3.9 L/yr

Area Manager Salary

(3 salaries)

₹7.1 L/yr - ₹11.4 L/yr

Top skills at HDFC Ergo General Insurance for Sales Manager

General Insurance Sales Motor Insurance Agency Sales Salesforce Bancassurance General Insurance Insurance Sales Bancassurance Field Sales Cross Selling General Insurance Insurance Communication Health Insurance Customer Handling

Salary related reviews for HDFC Ergo General Insurance

4.2

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.

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.

see more salary related reviews

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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 Sales Manager Salary FAQs

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

The average salary of a Sales Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Sales Manager in Mumbai at HDFC Ergo General Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Sales 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 Sales Manager at HDFC Ergo General Insurance in Mumbai?

The estimated take-home salary of a Sales Manager at HDFC Ergo General Insurance in Mumbai typically ranges from ₹32,655 to ₹33,930 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 1 year 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 20+ 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 Sales Manager at HDFC Ergo General Insurance in Mumbai?

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

- General Insurance Sales
- Motor Insurance
- Agency Sales
- Salesforce
- Bancassurance

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 Sales Manager in India?

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.5 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹3.9 Lakhs to ₹11.6 Lakhs per year
Tata AIA Life Insurance	₹3.5 Lakhs to ₹7.9 Lakhs per year
HDFC Life	₹2.2 Lakhs to ₹7.5 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 Sales Manager in companies similar to HDFC Ergo General Insurance in Mumbai?

The salary of a Sales Manager at companies similar to HDFC Ergo General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance	₹2.6 Lakhs to ₹5.8 Lakhs per year
Axis Max Life Insurance	₹2.3 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company	₹3.2 Lakhs to ₹5.6 Lakhs per year
Bajaj Allianz Life Insurance	₹2.4 Lakhs to ₹7.0 Lakhs per year
Reliance Nippon Life Insurance	₹1.5 Lakhs to ₹5.0 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 Sales Manager at HDFC Ergo General Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.0 Lakhs to ₹5.0 Lakhs per year
2 years	₹3.8 Lakhs to ₹7.2 Lakhs per year
3 years	₹3.0 Lakhs to ₹5.9 Lakhs per year
4 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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HDFC Ergo General Insurance Sales Manager Salaries in Mumbai

HDFC Ergo General Insurance Sales Manager salary in Mumbai ranges between ₹3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.