Magma HDI General Insurance Area Head Salaries by 6 Employees (Updated 2025)

4 - 17 years exp.

₹18.6 Lakhs - ₹20.3 Lakhs

Low Confidence

Salary of majority employees

Fixed (90%)

₹17.2 Lakhs

Variable (10%)

₹1.8 Lakh

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87% more than the average Area Head Salary in Insurance Companies for 4 - 17 years of experience

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Salaries in different departments

Sales & Business Development Area Head Salary 4 - 5 years exp. (3 salaries)	Unlock ₹18.9 L/yr - ₹20.3 L/yr
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BFSI, Investments & Trading Area Head Salary 10 - 11 years exp. (AmbitionBox Estimate)	Unlock ₹18.6 L/yr - ₹20 L/yr

Last Updated: 23 Nov 2024

Companies similar to Magma HDI General Insurance for Area Head

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Area Head Salary 3 - 18 years exp. (11 salaries)	Unlock ₹5 L/yr - ₹18.5 L/yr 41% less
HDFC Ergo General Insurance Area Head Salary 9 - 18 years exp. (11 salaries)	Unlock ₹7.2 L/yr - ₹18.7 L/yr 34% less
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Bajaj Allianz General Insurance Area Head Salary 9 - 16 years exp. (11 salaries)	Unlock ₹6.8 L/yr - ₹13 L/yr 41% less	1 job opening
Reliance General Insurance Area Head Salary 3 - 15 years exp. (3 salaries)	Unlock ₹6 L/yr - ₹15 L/yr 42% less
Tata AIG Area Head Salary 15 - 16 years exp. (3 salaries)	Unlock ₹8.9 L/yr - ₹17.2 L/yr 20% less
Future Generali India Life Insurance Area Head Salary 9 - 19 years exp. (37 salaries)	Unlock ₹7.5 L/yr - ₹17 L/yr 37% less	1 job opening
Cholamandalam MS General Insurance Area Head Salary 6 - 18 years exp. (254 salaries)	Unlock ₹4.6 L/yr - ₹16.5 L/yr 50% less
Axis Max Life Insurance Area Head Salary 6 - 17 years exp. (160 salaries)	Unlock ₹5.4 L/yr - ₹15 L/yr 49% less	1 job opening
Star Union Dai-ichi Life Insurance Area Head Salary 11 - 17 years exp. (42 salaries)	Unlock ₹9.3 L/yr - ₹17 L/yr 34% less
Bharti AXA Life Insurance Area Head Salary 9 - 19 years exp. (30 salaries)	Unlock ₹8 L/yr - ₹11 L/yr 52% less
Edelweiss Life Insurance Area Head Salary 7 - 17 years exp. (21 salaries)	Unlock ₹8.8 L/yr - ₹13.3 L/yr 37% less
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Aditya Birla Health Insurance Co Area Head Salary 9 - 20 years exp. (14 salaries)	Unlock ₹8 L/yr - ₹16.5 L/yr 42% less
IndiaFirst Life Insurance Area Head Salary 13 - 21 years exp. (8 salaries)	Unlock ₹9 L/yr - ₹13 L/yr 49% less
Royal Sundaram General Insurance Area Head Salary 10 - 15 years exp. (5 salaries)	Unlock ₹11 L/yr - ₹15.3 L/yr 33% less
ManipalCigna Health Insurance Area Head Salary 13 - 18 years exp. (5 salaries)	Unlock ₹10 L/yr - ₹11.5 L/yr 44% less
Aviva Life Insurance India Area Head Salary 5 - 16 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹15 L/yr 38% less

Area Head salary at Magma HDI General Insurance ranges between ₹18.6 Lakhs to ₹20.3 Lakhs per year for employees with experience between 4 years to 17 years. Salary estimates are based on 6 latest salaries received from various employees of Magma HDI General Insurance.

Experience wise Magma HDI General Insurance Area Head salaries

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹20.3 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹20.3 L/yr
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6 years (AmbitionBox Estimate)	Unlock ₹17 L/yr - ₹21.8 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹17.1 L/yr - ₹21.8 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹17.1 L/yr - ₹21.8 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹17.1 L/yr - ₹21.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹18.6 L/yr - ₹34.2 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹20 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹17.1 L/yr - ₹21.9 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹17.2 L/yr - ₹21.9 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹17.2 L/yr - ₹21.9 L/yr
15+ years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹20 L/yr

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Similar Designation salaries in Magma HDI General Insurance

Team Lead Salary

(6 salaries)

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₹3 L/yr - ₹6.45 L/yr

Area Manager Salary

(5 salaries)

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₹8.75 L/yr - ₹16.25 L/yr

Sales Manager Salary

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₹3.25 L/yr - ₹7.34 L/yr

Branch Manager Salary

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₹5 L/yr - ₹9.25 L/yr

Area Sales Manager Salary

(6 salaries)

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₹7.7 L/yr - ₹8.8 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr

Sales Executive Salary

(4 salaries)

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₹2.8 L/yr - ₹4 L/yr

Cluster Manager Salary

(10 salaries)

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₹6.2 L/yr - ₹9.5 L/yr

Deputy Manager Salary

(117 salaries)

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₹5.45 L/yr - ₹10.5 L/yr

Regional Manager Salary

(4 salaries)

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₹5.4 L/yr - ₹22.65 L/yr

Top skills at Magma HDI General Insurance for Area Head

New Business Development General Insurance broking Corporate Sales

Salary related reviews for Magma HDI General Insurance

4.0

Rated by 1 employees for salary & benefits

Senior Executive in Guntur

BFSI, Investments & Trading Department

2.0

• posted on 16 Nov 2021

1.0

for Salary and Benefits

Likes

...h for this company.From last 6 months Company rules half of the employee go out. Company asking bussines with out any pay outs. As operation side last 2 FYI no hickes . On aug Hickes announced but not base KRA. Heads raltives and neer friends ,personal ratings. As my location Audit 100% also company KRA 100%, SOH questioners 90% .based my KRA I will get rating 2/1 but SOH personal feaver persons gets 2 and 1 .also they got premotions.who gets premotions there KRA 85%. This is enough for knowing company.how wants to this company they must have knowledge on Heads satisfaction.No need to works.On lock down company alloted target to OPs 10pacs PM for AP and TS. Out of 9 Employees I was done 6lacs on each month.Also I got appreciation from National heads.Those are not calculated on ratings premoted person done only 10k per month.

Dislikes

Here employee not treated as employee.theyvtreatedcas slave

Salary - Bad

+6 more

Assistant Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 29 Aug 2024

3.0

for Salary and Benefits

Likes

Work culture

Job security - Excellent

+2 more

Dislikes

With my experience and hardworking that I had put in I was underpaid. Otherwise everything else here in the company is perfect as every single person from senior to junior is there to help .

Senior Executive in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 21 Aug 2024

3.0

for Salary and Benefits

Likes

The company provided a stable and secure work environment, ensuring long-term employment opportunities.

Job security - Good

Dislikes

While I valued my time at the company, I felt there was limited room for growth and development, which motivated me to seek new opportunities.

General Manager in Mumbai

Full Time

Legal & Regulatory Department

1.0

• posted on 24 May 2024

1.0

for Salary and Benefits

Likes

MHDI company is good to work subject to you are not working in TP Claims department. Your life will be miserable. National Head is headless person. He don't respect his colleagues. He work like psycho and he only prefers person who belongs to his caste and state. He doesn't have law knowledge as well as his man management skills are pathetic.

Dislikes

National Manager of TP Claims department is most corrupt person. Lots of fraud activity is taking place under his leadership. You have to work very vigilantly since there are high chances to falsely imply you in said fraud activity if you don't belong to his caste and community of National Head

Salary - Bad

+6 more

Head Business Human Resource in Mumbai

Full Time

Human Resources Department

5.0

• posted on 07 May 2024

5.0

for Salary and Benefits

Likes

Everything. It’s a great learning platform and growth platform. A lot employees have grown over the time. The culture has been very good and the CEO drives it. Respect has been the cornerstone for majority senior leaders here. It’s like working with friends and family. Hope we can Lee the culture the same way.

Salary - Excellent

+6 more

Dislikes

The organisation needs more clarity and unity of thoughts. Ownership is something as a team, they need to work on with specific timelines. Value in its people with respect is something which should be the cornerstone for this organisation.

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Magma HDI General Insurance Area Head Salary FAQs

What is the salary of Area Head at Magma HDI General Insurance?

Area Head salary at Magma HDI General Insurance in India ranges between ₹18.6 Lakhs to ₹20.3 Lakhs for experience between 4 years to 17 years. According to our estimates it is 87% more than the average Area Head Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Magma HDI General Insurance India.

How does the salary of a Area Head at Magma HDI General Insurance India compare with the average salary range for this job?

The average salary of a Area Head at Magma HDI General Insurance is 87% more than the average salary of a Area Head in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Head at Magma HDI General Insurance?

New Business Development, General Insurance, broking and Corporate Sales are some of the popular skills required to work as a Area Head at Magma HDI General Insurance India.

What is the salary of a Area Head in companies similar to Magma HDI General Insurance in India?

Tata AIG Area Head Salary - ₹8.9 Lakhs to ₹17.2 Lakhs per year
Royal Sundaram General Insurance Area Head Salary - ₹11.0 Lakhs to ₹15.3 Lakhs per year
HDFC Ergo General Insurance Area Head Salary - ₹7.2 Lakhs to ₹18.7 Lakhs per year
Star Union Dai-ichi Life Insurance Area Head Salary - ₹9.3 Lakhs to ₹17.0 Lakhs per year
Future Generali India Life Insurance Area Head Salary - ₹7.5 Lakhs to ₹17.0 Lakhs per year

What is the estimated take home salary of a Area Head at Magma HDI General Insurance in India?

The estimated take-home salary of a Area Head at Magma HDI General Insurance ranges between ₹1,26,527 per month to ₹1,30,653 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Area Head salary in India which ranges between ₹18.6 Lakhs to ₹20.3 Lakhs per year for employees with experience between 4 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Area Head at Magma HDI General Insurance?

According to AmbitionBox, 86% of the Magma HDI General Insurance Area Heads reported a notice period of 3 Months, 14% reported a notice period of 2 Months.This is based on 7 responses on AmbitionBox in last 2 years.

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Magma HDI General Insurance Area Head Salaries

Magma HDI General Insurance Area Head salary in India ranges between ₹18.6 Lakhs to ₹20.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.