Insurance Company Insurance Manager Salaries by 5 Employees (Updated 2024)

0 - 11 years exp.

₹1 Lakh - ₹4.8 Lakhs

Low Confidence

Salary of majority employees

16% less than the average Insurance Manager Salary in Real Estate Companies for 0 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr
Finance & Accounting Insurance Manager Salary Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
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Administration & Facilities Insurance Manager Salary 2 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 31 May 2023

Companies similar to Insurance Company for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (67 salaries)	₹0.6 L/yr - ₹5.3 L/yr 4% more
Future Generali India Life Insurance Insurance Manager Salary 1 - 10 years exp. (51 salaries)	₹1.2 L/yr - ₹6 L/yr 5% more
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HDFC Life Insurance Manager Salary 1 - 6 years exp. (51 salaries)	₹2.5 L/yr - ₹5.5 L/yr 8% more
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 9 years exp. (43 salaries)	₹1.5 L/yr - ₹6 L/yr 8% more
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (25 salaries)	₹1.8 L/yr - ₹5 L/yr 6% more

Insurance Manager salary at Insurance Company ranges between ₹1 Lakh to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Insurance Company.

Experience wise Insurance Company Insurance Manager salaries

Last Updated: 31 May 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹3.1 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹4.8 L/yr

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Similar Designation salaries in Insurance Company

Branch Manager Salary

(4 salaries)

₹6 L/yr - ₹7.95 L/yr

Area Manager Salary

(5 salaries)

₹9.37 L/yr - ₹11.19 L/yr

Deputy Manager Salary

(6 salaries)

₹4 L/yr - ₹4.5 L/yr

Sales Manager Salary

(38 salaries)

₹1.8 L/yr - ₹5.25 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹5.3 L/yr - ₹6.8 L/yr

Territory Manager Salary

(4 salaries)

₹3 L/yr - ₹10.5 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.2 L/yr - ₹6.9 L/yr

Relationship Manager Salary

(47 salaries)

₹1.8 L/yr - ₹5 L/yr

Territory Sales Manager Salary

(3 salaries)

₹3 L/yr - ₹8.5 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.

Bancassurance

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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.

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.

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

Dislikes

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

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.

Dislikes

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Insurance Company Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Insurance Company?

Insurance Manager salary at Insurance Company in India ranges between ₹1.0 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 16% less than the average Insurance Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Insurance Company India.

How does the salary of a Insurance Manager at Insurance Company India compare with the average salary range for this job?

The average salary of a Insurance Manager at Insurance Company is 16% less than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Insurance Company to a Insurance Manager in India?

Bajaj Allianz Life Insurance Insurance Manager Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year
HDFC Life Insurance Manager Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
Reliance Nippon Life Insurance Insurance Manager Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
Future Generali India Life Insurance Insurance Manager Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year
PNB MetLife Insurance Manager Salary - ₹0.6 Lakhs to ₹5.3 Lakhs per year

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

The estimated take-home salary of a Insurance Manager at Insurance Company ranges between ₹24,629 per month to ₹26,073 per month in India. The take-home salary calculation is based on the average Insurance Company Insurance Manager salary in India which ranges between ₹1.0 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?

What is the notice period for Insurance Manager at Insurance Company?

According to AmbitionBox, 50% of the Insurance Company 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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Insurance Company Insurance Manager Salaries

Insurance Company Insurance Manager salary in India ranges between ₹1 Lakh to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Insurance Company latest salaries received from various employees of Insurance Company.