Insurance Company Cluster Manager Salaries by 4 Employees (Updated 2025)

11 - 18 years exp.

₹4.5 Lakhs - ₹8.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (85%)

₹5.6 Lakhs

Variable (15%)

₹1.0 Lakh

29% less than the average Cluster Manager Salary in Real Estate Companies for 11 - 18 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.1 L/yr
Login to view exact salary
Finance & Accounting Cluster Manager Salary 18 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 3 Feb 2025

Companies similar to Insurance Company for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Knight Frank Cluster Manager Salary 5 - 15 years exp. (4 salaries)	₹5.6 L/yr - ₹8 L/yr 4% more
CBRE Cluster Manager Salary 14 - 20 years exp. (4 salaries)	₹9.3 L/yr - ₹12.8 L/yr 70% more
Login to view exact salary
WeWork India Management Cluster Manager Salary 2 - 13 years exp. (3 salaries)	₹5.1 L/yr - ₹7.9 L/yr 9% less
Reliance Retail Cluster Manager Salary 8 - 20 years exp. (317 salaries)	₹5 L/yr - ₹20 L/yr 82% more
Bajaj Finance Cluster Manager Salary 5 - 17 years exp. (312 salaries)	₹8.8 L/yr - ₹29.5 L/yr 191% more	108 job openings

Cluster Manager salary at Insurance Company ranges between ₹4.5 Lakhs to ₹8.2 Lakhs per year for employees with experience between 11 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Insurance Company.

Experience wise Insurance Company Cluster Manager salaries

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹8.2 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.2 L/yr
Login to view exact salary
13 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
14 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
15+ years (AmbitionBox Estimate)	₹4.5 L/yr - ₹6 L/yr

Similar Designation salaries in Insurance Company

Cluster Head Salary

(3 salaries)

₹6.5 L/yr - ₹11.2 L/yr

Area Manager Salary

(5 salaries)

₹9.42 L/yr - ₹11.19 L/yr

Deputy Manager Salary

(6 salaries)

₹4 L/yr - ₹4.5 L/yr

Business Manager Salary

(3 salaries)

₹2.2 L/yr - ₹3 L/yr

Sales Manager Salary

(34 salaries)

₹1.8 L/yr - ₹5.25 L/yr

Branch Manager Salary

(4 salaries)

₹6 L/yr - ₹7.95 L/yr

Territory Manager Salary

(4 salaries)

₹3 L/yr - ₹10.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Relationship Manager Salary

(47 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Senior Sales Manager Salary

(6 salaries)

₹2.8 L/yr - ₹4 L/yr

Salary related reviews for Insurance Company

Field Executive in Noida Sector 16

Other Department

4.0

• posted on 29 Jun 2022

4.0

for Salary and Benefits

Likes

...agement 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 year.

Salary - Good

+6 more

Bancassurance

Sales Department

5.0

• posted on 28 Jun 2019

5.0

for Salary and Benefits

Likes

Excellent organization one of the great insurance company in Pakistan. It's multinational company.this company provide me a great working environment. Very highly qualified staff.

Salary - Excellent

+6 more

Dislikes

Compensation is decent but growth is low.the work pressure is very high.

Financial Planner in Lagos

Finance Department

3.0

• posted on 06 Jun 2018

3.0

for Salary and Benefits

Likes

...under a well secured environment and safe work environment while doing our work. Concerning salary and appraisal Unic went extra mile in making sure that we have our salary worth and also do appraisal monthly for promotion chances. The job involves quite lot of traveling and we are being provided with transportation as the case may be. Conflicts challenges were being handled with utmost care and importance and resolutions were made and reconciliation and ensure the signing of codes of ethics by every worker. The work environment in Unic is peaceful and encourages great thinking outside box in problems tackling and every other thing and life in accordance with the job were well planned and our roles took proper care and attendance to our customers.

Skill development - Excellent

+2 more

Dislikes

I do not dislike anything in Unic insurance while working for them and am boastful of our relationship till date as okay, fine and pleasing.

Customer Care Executive in Only Fraudulent Investigation Officer Take Benefits With This, Only Customer Faces Issue At All The

Contractual

BFSI, Investments & Trading Department

1.0

• posted on 17 Sep 2023

5.0

for Salary and Benefits

Likes

Only fraudulent investigation officer take benefits with this, only customer faces issue at all the stages after taking policy of companies

Salary - Excellent

+4 more

Dislikes

Only fraudulent investigation officer take benefits with this, only customer faces issue at all the stages after taking policy of companies

Skill development - Bad

+1 more

Time Keeper (working remotely)

Full Time

Human Resources Department

5.0

• posted on 21 Jul 2023

5.0

for Salary and Benefits

Likes

Insurance company offers several benefits. Learning all the benefits of working for an insurance company can help you decide if working in the insurance field is the right choice.

Salary - Excellent

+6 more

Dislikes

Iam not convinced with this organization is the best place to continue developing ky career.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

Got a question about Insurance Company?

Ask anonymously on communities.

Insurance Company Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Insurance Company ?

The average salary of a Cluster Manager at Insurance Company in India typically ranges from ₹4.5 Lakhs to ₹8.2 Lakhs per year, depending on experience (from 11 years to 18 years).

The top 10% of Cluster Manager at Insurance Company earn more than ₹8.2 Lakhs per year, and the top 1% earn over ₹8.2 Lakhs per year. Cluster Manager Salaries at Insurance Company 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 4 Insurance Company employees in India.

What is the estimated take home salary of a Cluster Manager at Insurance Company in India?

The estimated take-home salary of a Cluster Manager at Insurance Company in India typically ranges from ₹50,157 to ₹51,342 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹8.2 Lakhs per year for employees with experience ranging from 11 years to 18 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 4 salaries received from various employees of Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Insurance Company for Cluster Manager in India?

Bajaj Finance	₹8.8 Lakhs to ₹29.5 Lakhs per year
Reliance Retail	₹5.0 Lakhs to ₹20.0 Lakhs per year
CBRE	₹9.3 Lakhs to ₹12.8 Lakhs per year
Knight Frank	₹5.6 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Insurance Company, depending on the role and experience level.

What is the salary of a Cluster Manager in companies similar to Insurance Company in India?

The salary of a Cluster Manager at companies similar to Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

WeWork India Management

₹5.1 Lakhs to ₹7.9 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 Cluster Manager at Insurance Company in India?

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

Experience	Average Salary Range
11 years	₹8.2 Lakhs to ₹8.2 Lakhs per year
12 years	₹3.2 Lakhs to ₹8.2 Lakhs per year
13 years	₹6.7 Lakhs to ₹8.5 Lakhs per year
14 years	₹6.2 Lakhs to ₹7.9 Lakhs per year

and so on.

Tell us how to improve this page.

Insurance Company Cluster Manager Salaries by Location

Home >
Salaries >
Insurance Company Salaries >
Insurance Company Cluster Manager Salaries

Insurance Company Cluster Manager salary in India ranges between ₹4.5 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Insurance Company latest salaries received from various employees of Insurance Company.