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3.8

based on 369 Reviews

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Magma HDI General Insurance Assistant Manager salaries in India

Annual salary range
1 - 13 years exp.
₹3.8 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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31% less than the average Assistant Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
1 - 13 years exp. (33 salaries)
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₹4 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
1 - 13 years exp. (27 salaries)
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₹4 L/yr - ₹6.7 L/yr

Legal & Regulatory
Assistant Manager Salary
1 - 12 years exp. (18 salaries)
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₹4.2 L/yr - ₹8.5 L/yr

Finance & Accounting
Assistant Manager Salary
1 - 13 years exp. (16 salaries)
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₹4.2 L/yr - ₹7.7 L/yr

Sales & Business Development
Assistant Manager Salary
4 - 12 years exp. (9 salaries)
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₹4.4 L/yr - ₹7.5 L/yr

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Last Updated: 25 Jan 2025

Companies similar to Magma HDI General Insurance for Assistant Manager

Company name Avg Annual Salary Open Jobs
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₹2.8 L/yr - ₹9.5 L/yr

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₹2.6 L/yr - ₹7.5 L/yr

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3 job openings
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₹2.5 L/yr - ₹8 L/yr

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Tata AIG Assistant Manager Salary

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₹3.3 L/yr - ₹8.5 L/yr

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₹7 L/yr - ₹26 L/yr

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₹9.6 L/yr - ₹18 L/yr

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₹10 L/yr - ₹19 L/yr

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₹6.1 L/yr - ₹18 L/yr

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₹3.7 L/yr - ₹12 L/yr

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1 job opening
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MetLife Assistant Manager Salary

4 - 15 years exp. (873 salaries)

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₹7.4 L/yr - ₹30 L/yr

arrow icon 208% more
4 job openings
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (690 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 26% less
11 job openings
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₹2.6 L/yr - ₹9.2 L/yr

arrow icon 2% less
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₹2 L/yr - ₹8 L/yr

arrow icon 32% less
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SBI General Insurance Assistant Manager Salary

0 - 12 years exp. (274 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 22% less
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Axa XL Assistant Manager Salary

4 - 10 years exp. (259 salaries)

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₹6 L/yr - ₹18 L/yr

arrow icon 106% more
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Medi Assist India Assistant Manager Salary

5 - 14 years exp. (253 salaries)

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₹3 L/yr - ₹9.6 L/yr

arrow icon 9% more
5 job openings
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₹3 L/yr - ₹9 L/yr

arrow icon 6% less
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₹2.3 L/yr - ₹7.2 L/yr

arrow icon 27% less
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₹3.5 L/yr - ₹12.2 L/yr

arrow icon 22% more
View all
Assistant Manager salary at Magma HDI General Insurance ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 149 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Assistant Manager

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Experience wise Magma HDI General Insurance Assistant Manager salaries

Last Updated: 25 Jan 2025

Experience Avg Annual Salary
1 year  (13 salaries)

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₹4 L/yr - ₹7.5 L/yr
2 years  (6 salaries)

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₹4.2 L/yr - ₹6.3 L/yr
3 years  (9 salaries)

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₹4.2 L/yr - ₹7.2 L/yr
4 years  (12 salaries)

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₹3.8 L/yr - ₹7 L/yr
5 years  (14 salaries)

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₹3.8 L/yr - ₹6.5 L/yr
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Similar Designation salaries in Magma HDI General Insurance

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₹8.3 L/yr - ₹11.06 L/yr
Team Manager Salary
(10 salaries)
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₹7.45 L/yr - ₹13 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹14.9 L/yr - ₹19 L/yr
Branch Manager Salary
(11 salaries)
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₹5 L/yr - ₹9.25 L/yr
Deputy Manager Salary
(110 salaries)
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₹5 L/yr - ₹10.5 L/yr
Sales Manager Salary
(20 salaries)
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₹3.25 L/yr - ₹7.34 L/yr
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₹3 L/yr - ₹7.6 L/yr
Senior Officer Salary
(AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.3 L/yr
Team Lead Salary
(6 salaries)
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₹3 L/yr - ₹6.45 L/yr
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₹2.25 L/yr - ₹3.8 L/yr

Top skills at Magma HDI General Insurance for Assistant Manager

General Insurance MIS Reporting Insurance Operations Claims Insurance

Salary related reviews for Magma HDI General Insurance

3.3

Rated by 30 employees for salary & benefits

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.

read more

Dislikes

Here employee not treated as employee.theyvtreatedcas slave

  • Salary - Bad
    +6 more

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 .

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Full Time

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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.

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Full Time

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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.

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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

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  • Salary - Bad
    +6 more

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.

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  • 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.

read more
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Magma HDI General Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Magma HDI General Insurance?
Assistant Manager salary at Magma HDI General Insurance in India ranges between ₹3.8 Lakhs to ₹8.5 Lakhs for experience between 1 years to 13 years. According to our estimates it is 31% less than the average Assistant Manager Salary in India. Salary estimates are based on 149 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a Assistant Manager at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a Assistant Manager at Magma HDI General Insurance is 31% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Assistant Manager at Magma HDI General Insurance?
General Insurance, MIS Reporting, Insurance Operations, Claims and Insurance are some of the popular skills required to work as a Assistant Manager at Magma HDI General Insurance India.
Which similar companies are paying more than Magma HDI General Insurance to a Assistant Manager in India?
  • MetLife Assistant Manager Salary - ₹7.4 Lakhs to ₹30.0 Lakhs per year
  • Principal Global Services Assistant Manager Salary - ₹13.0 Lakhs to ₹21.0 Lakhs per year
  • United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹26.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
  • National Insurance Company Assistant Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Magma HDI General Insurance in India?
  • The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year
  • Axa XL Assistant Manager Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year
  • Royal Sundaram General Insurance Assistant Manager Salary - ₹5.7 Lakhs to ₹13.7 Lakhs per year
  • Ageas Federal Life Insurance Assistant Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
  • Allianz Partners Assistant Manager Salary - ₹4.5 Lakhs to ₹12.1 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Assistant Manager at Magma HDI General Insurance ranges between ₹44,133 per month to ₹45,236 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Assistant Manager salary in India which ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Magma HDI General Insurance?
According to AmbitionBox, 73% of the Magma HDI General Insurance Assistant Managers reported a notice period of 2 Months, 14% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 122 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Assistant Manager salary in India ranges between ₹3.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 149 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.