HDFC Ergo General Insurance SM Salaries by 9 Employees (Updated 2025)

0 - 6 years exp.

₹3.1 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

56% less than the average SM Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development SM Salary 0 - 5 years exp. (6 salaries)	₹3.1 L/yr - ₹4.2 L/yr
Marketing & Communication SM Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4 L/yr
Login to view exact salary
BFSI, Investments & Trading SM Salary 6 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹3.8 L/yr

Last Updated: 21 Nov 2024

Companies similar to HDFC Ergo General Insurance for SM

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 76% more
Bajaj Allianz General Insurance SM Salary 3 - 12 years exp. (5 salaries)	₹1.9 L/yr - ₹6 L/yr 22% more
Login to view exact salary
Reliance General Insurance SM Salary 6 - 12 years exp. (6 salaries)	₹4.4 L/yr - ₹5.6 L/yr 22% more
Future Generali India Life Insurance SM Salary 1 - 16 years exp. (7 salaries)	₹2 L/yr - ₹3.5 L/yr 16% less
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 4% more
Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 24% less
Max Life Insurance SM Salary 1 - 10 years exp. (15 salaries)	₹3.1 L/yr - ₹5.5 L/yr 18% more
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 18% more
PNB MetLife SM Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr 14% less
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 37% less
Canara HSBC Life Insurance SM Salary 4 - 11 years exp. (4 salaries)	₹3.8 L/yr - ₹5.8 L/yr 39% more
Login to view exact salary
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 91% more
Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 28% less
Niva Bupa Health Insurance Company SM Salary 4 - 9 years exp. (3 salaries)	₹3.8 L/yr - ₹8.5 L/yr 57% more

SM salary at HDFC Ergo General Insurance ranges between ₹3.1 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 9 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance SM salaries

Last Updated: 21 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.6 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.6 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.7 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary

(955 salaries)

₹3.2 L/yr - ₹10.25 L/yr

Sales Executive Salary

(215 salaries)

₹1.45 L/yr - ₹4.52 L/yr

Assistant Vice President Salary

(214 salaries)

₹9.55 L/yr - ₹35 L/yr

Junior Associate Salary

(199 salaries)

₹2 L/yr - ₹4.2 L/yr

Back Office Executive Salary

(155 salaries)

₹1.4 L/yr - ₹4.5 L/yr

Customer Service Executive Salary

(126 salaries)

₹1.45 L/yr - ₹4 L/yr

Senior Associate Salary

(83 salaries)

₹3 L/yr - ₹5.95 L/yr

Operations Executive Salary

(81 salaries)

₹1.7 L/yr - ₹4.6 L/yr

Customer Care Executive Salary

(70 salaries)

₹1.55 L/yr - ₹4.5 L/yr

Claims Executive Salary

(54 salaries)

₹1.75 L/yr - ₹5 L/yr

Salary related reviews for HDFC Ergo General Insurance

2.9

Rated by 3 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

Deputy Manager Operations in Cuttack

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 May 2023

1.0

for Salary and Benefits

Likes

Company it will be give benifits like mandatory leave and GMC etc

Dislikes

Work culture is very bad as lot of work loads but campare to work salary is low.Appraisal is always suspense even you work better you may face bad appraisal.Even on sat and sun you may have to work if work is overloaded.

Salary - Bad

+5 more

Junior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 28 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

No promotion, no salary hike, people are more interested in office politics and gossiping, no recognition, sunday working 2 twice a month with no comp off, extra working hours with no extra pay.

Salary - Bad

+5 more

Customer Experience Manager in Noida

Full Time

Human Resources Department

4.0

• posted on 10 Jun 2022

4.0

for Salary and Benefits

Likes

I like the company's culture, work environment and job security and so .. Teammates are very supportive and management is good.

Salary - Good

+6 more

Dislikes

I don't think so there is any negative points that u need to be point out. One point is that the salary is decent but growth in career is very slow

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

Got a question about HDFC Ergo General Insurance?

Ask anonymously on communities.

HDFC Ergo General Insurance SM Salary FAQs

What is the salary of SM at HDFC Ergo General Insurance?

SM salary at HDFC Ergo General Insurance in India ranges between ₹3.1 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 56% less than the average SM Salary in India. Salary estimates are based on 9 latest salaries received from various employees of HDFC Ergo General Insurance India.

How does the salary of a SM at HDFC Ergo General Insurance India compare with the average salary range for this job?

The average salary of a SM at HDFC Ergo General Insurance is 56% less than the average salary of a SM in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Ergo General Insurance to a SM in India?

ICICI Prudential Life Insurance SM Salary - ₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company SM Salary - ₹5.1 Lakhs to ₹7.1 Lakhs per year
Niva Bupa Health Insurance Company SM Salary - ₹3.8 Lakhs to ₹8.5 Lakhs per year
Canara HSBC Life Insurance SM Salary - ₹3.8 Lakhs to ₹5.8 Lakhs per year
Reliance General Insurance SM Salary - ₹4.4 Lakhs to ₹5.6 Lakhs per year

What is the salary of a SM in companies similar to HDFC Ergo General Insurance in India?

Bajaj Allianz General Insurance SM Salary - ₹1.9 Lakhs to ₹6.0 Lakhs per year
HDFC Life SM Salary - ₹3.8 Lakhs to ₹5.3 Lakhs per year
Max Life Insurance SM Salary - ₹3.1 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance SM Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year
PNB MetLife SM Salary - ₹2.3 Lakhs to ₹4.2 Lakhs per year

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

The estimated take-home salary of a SM at HDFC Ergo General Insurance ranges between ₹27,196 per month to ₹28,602 per month in India. The take-home salary calculation is based on the average HDFC Ergo General Insurance SM salary in India which ranges between ₹3.1 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for SM at HDFC Ergo General Insurance?

According to AmbitionBox, 64% of the HDFC Ergo General Insurance SMs reported a notice period of 3 Months, 29% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Ergo General Insurance SM Salaries by Location

Home >
Salaries >
HDFC Ergo General Insurance Salaries >
HDFC Ergo General Insurance SM Salaries

HDFC Ergo General Insurance SM salary in India ranges between ₹3.1 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.