IDFC FIRST Bank Insurance Manager Salaries by 3 Employees (Updated 2024)

2 - 6 years exp.

₹3.8 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

At par with the average Insurance Manager Salary in Banking Companies for 2 - 6 years of experience

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Salaries in different departments

Sales & Business Development Insurance Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.2 L/yr
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BFSI, Investments & Trading Insurance Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 20 Oct 2024

Companies similar to IDFC FIRST Bank for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Manager Salary 0 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹7.2 L/yr 68% more
ICICI Bank Insurance Manager Salary 1 - 6 years exp. (4 salaries)	₹3 L/yr - ₹8.8 L/yr 46% more
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Kotak Mahindra Bank Insurance Manager Salary 1 - 9 years exp. (4 salaries)	₹2.8 L/yr - ₹4 L/yr 11% less
IndusInd Bank Insurance Manager Salary 3 - 11 years exp. (4 salaries)	₹2.6 L/yr - ₹6.4 L/yr 13% more
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (64 salaries)	₹1.5 L/yr - ₹6 L/yr 1% more

Insurance Manager salary at IDFC FIRST Bank ranges between ₹3.8 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Insurance Manager salaries

Last Updated: 20 Oct 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr

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Top skills at IDFC FIRST Bank for Insurance Manager

Bancassurance Compliance Wealth Management Management Retail Training Banking Stakeholder Management Licensing Sales Management Process Management Sales Retail Banking

Salary related reviews for IDFC FIRST Bank

Territory Sales Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 30 Sep 2024

4.0

for Salary and Benefits

Likes

Salary and incentives are higher than what other banks offer.

Dislikes

Work culture needs improvement, you are expected to work even during holidays or when you've taken an off, unchecked power is there, State heads can relentlessly target their TSMs and public humiliation is considered normal.

Sales Executive in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 04 Jun 2024

5.0

for Salary and Benefits

Likes

...by IDFC is top-notch and they prioritize developing our customer service skills. The pay and incentives are also motivating.

Dislikes

No dislikes as such

Branch Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Nov 2023

5.0

for Salary and Benefits

Likes

Benefits on loans are good. Salary and package is good

Dislikes

Management is sending 100% pressure on Branch Manager. 9 crore month on month CASA & TD is asking rate. Too much pressure on each parameters. Not driving Target as per branch size or branch's seniority. Job security is almost nil. Threatened by management on job

Sales Executive in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 13 Sep 2023

1.0

for Salary and Benefits

Likes

Nothing I just only like that they give you the off but in that off they cut the salary also what is the job is this??? So it means I don't like this job, they don't hire you permanently because of if you don't give the targeted thing they will don't give you the salary and they expect ki hum inko itna Business karke de ki jitna Inka bhai karke dede

Dislikes

I don't like to work in this company as employee and already working in this bank as I am very disappointed in this company by seniors saloni bhalla territory manager of sepl and pradeep saluja state head of sepl. I feel discrimination in this company by the seniors and the other staff I am also like them I wanted to fall so I can work at there but I really didn't felt about that.

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IDFC FIRST Bank Insurance Manager Salary FAQs

What is the notice period for Insurance Manager at IDFC FIRST Bank?

According to AmbitionBox, 50% of the IDFC FIRST Bank Insurance Managers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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IDFC FIRST Bank Insurance Manager Salaries

IDFC FIRST Bank Insurance Manager salary in India ranges between ₹3.8 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.