Insurance Company Mumbai Sales Manager Salaries by 5 Employees (Updated 2025)

3 - 6 years exp.

₹4.3 Lakhs - ₹5.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

30% less than the average Sales Manager Salary in Real Estate Companies for 3 - 6 years of experience

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Last Updated: 14 Feb 2025

Companies similar to Insurance Company for Sales Manager in Mumbai

Insurance Company Sales Manager Salary

3 - 6 years exp. (5 salaries)

₹4.3 L/yr - ₹5.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Lodha Group Sales Manager Salary 1 - 9 years exp. (64 salaries)	₹4.5 L/yr - ₹12 L/yr 63% more	3 job openings
Real Estate Group Sales Manager Salary 0 - 10 years exp. (21 salaries)	₹2.6 L/yr - ₹7 L/yr 13% less
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JP Infra Sales Manager Salary 0 - 11 years exp. (9 salaries)	₹3.6 L/yr - ₹12 L/yr 42% more
NoBroker Sales Manager Salary 2 - 4 years exp. (4 salaries)	₹3 L/yr - ₹8 L/yr 10% more
ASSA ABLOY Sales Manager Salary 9 - 20 years exp. (4 salaries)	₹7.5 L/yr - ₹15 L/yr 141% more
JLL Sales Manager Salary 3 - 5 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr 45% more

Sales Manager salary at Insurance Company ranges between ₹4.3 Lakhs to ₹5.3 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Insurance Company.

Experience wise Insurance Company Sales Manager salaries in Mumbai

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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5 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
6 years (3 salaries)	₹4.3 L/yr - ₹5.3 L/yr

Similar Designation salaries in Insurance Company

Relationship Manager Salary

(5 salaries)

₹1.8 L/yr - ₹3.7 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.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Insurance Company Sales Manager Salary FAQs

What is the salary of Sales Manager at Insurance Company in Mumbai?

The average salary of a Sales Manager at Insurance Company in Mumbai typically ranges from ₹4.3 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Sales Manager in Mumbai at Insurance Company earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Sales 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 5 Insurance Company employees in India.

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

The estimated take-home salary of a Sales Manager at Insurance Company in Mumbai typically ranges from ₹36,074 to ₹37,298 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 3 years 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 5 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 Sales Manager in India?

ASSA ABLOY	₹7.5 Lakhs to ₹15.0 Lakhs per year
Lodha Group	₹4.5 Lakhs to ₹12.0 Lakhs per year
JLL	₹5.0 Lakhs to ₹8.0 Lakhs per year
JP Infra	₹3.6 Lakhs to ₹12.0 Lakhs per year
NoBroker	₹3.0 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 Sales Manager in companies similar to Insurance Company in Mumbai?

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

Real Estate Group

₹2.6 Lakhs to ₹7.0 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 Sales Manager at Insurance Company in Mumbai?

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

Experience	Average Salary Range
3 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
4 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
5 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
6 years	₹4.3 Lakhs to ₹5.3 Lakhs per year

and so on.

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Insurance Company Sales Manager Salaries in Mumbai

Insurance Company Sales Manager salary in Mumbai ranges between ₹4.3 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Insurance Company latest salaries received from various employees of Insurance Company.