HDFC Ergo General Insurance SM Salaries by 9 Employees

0 - 6 years exp.

₹3.1 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

59% less than the average SM Salary in Insurance Companies for 0 - 6 years of experience

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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)	₹4 L/yr - ₹4.1 L/yr
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BFSI, Investments & Trading SM Salary 6 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹3.9 L/yr

Last Updated: 21 Nov 2024

Companies similar to HDFC Ergo General Insurance for SM

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance SM Salary 1 - 10 years exp. (15 salaries)	₹3.1 L/yr - ₹5.5 L/yr 18% more
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 6% more
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Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 24% less
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 18% more
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 76% more
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 36% less
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 92% more
Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 28% less

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 - ₹6.5 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.6 L/yr
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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

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Operations Executive Salary

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₹1.7 L/yr - ₹4.6 L/yr

Customer Care Executive Salary

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Claims Executive Salary

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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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Ergo General Insurance SM Salary FAQs

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

The average salary of a SM at HDFC Ergo General Insurance in India typically ranges from ₹3.1 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of SM at HDFC Ergo General Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. SM 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 9 HDFC Ergo General Insurance employees in India.

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 in India typically ranges from ₹27,162 to ₹28,568 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 6 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 9 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 SM in India?

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company	₹5.1 Lakhs to ₹7.1 Lakhs per year
HDFC Life	₹3.8 Lakhs to ₹5.3 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance	₹3.3 Lakhs to ₹4.5 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 SM in companies similar to HDFC Ergo General Insurance in India?

The salary of a SM 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:

Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹3.5 Lakhs per year
Shriram Life Insurance	₹2.3 Lakhs to ₹3.2 Lakhs per year
Reliance Nippon Life Insurance	₹2.3 Lakhs to ₹2.5 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 SM at HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.2 Lakhs to ₹6.5 Lakhs per year
1 year	₹3.2 Lakhs to ₹6.6 Lakhs per year
2 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.6 Lakhs to ₹4.0 Lakhs per year

and so on.

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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.