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3.8

based on 357 Reviews

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Magma HDI General Insurance Assistant Manager salaries in New Delhi

Annual salary range
1 - 11 years exp.
₹5 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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26% less than the average Assistant Manager Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

Legal & Regulatory
Assistant Manager Salary
1 - 7 years exp. (4 salaries)
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₹5 L/yr - ₹8.5 L/yr

Data Science & Analytics
Assistant Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹6.1 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6.1 L/yr

Sales & Business Development
Assistant Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7.5 L/yr

Last Updated: 23 Sep 2024

Companies similar to Magma HDI General Insurance for Assistant Manager in New Delhi

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Magma HDI General Insurance Assistant Manager Salary

1 - 11 years exp. (9 salaries)

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₹5 L/yr - ₹8.5 L/yr

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Company name Avg Annual Salary Open Jobs
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₹5 L/yr - ₹8 L/yr

arrow icon 3% more
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₹2.5 L/yr - ₹7.1 L/yr

arrow icon 18% less
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₹5.2 L/yr - ₹10.3 L/yr

arrow icon 28% more
4 job openings
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₹3.2 L/yr - ₹5.5 L/yr

arrow icon 34% less
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₹10 L/yr - ₹22 L/yr

arrow icon 174% more
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₹12 L/yr - ₹18 L/yr

arrow icon 151% more
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₹10 L/yr - ₹18 L/yr

arrow icon 160% more
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₹10.9 L/yr - ₹15 L/yr

arrow icon 102% more
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₹3.5 L/yr - ₹8 L/yr

arrow icon 21% more
2 job openings
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MetLife Assistant Manager Salary

4 - 15 years exp. (282 salaries)

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₹7.5 L/yr - ₹28 L/yr

arrow icon 173% more
2 job openings
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (191 salaries)

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₹2.2 L/yr - ₹7 L/yr

arrow icon 27% less
18 job openings
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Axa XL Assistant Manager Salary

4 - 11 years exp. (94 salaries)

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₹7 L/yr - ₹17.6 L/yr

arrow icon 114% more
1 job opening
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Allianz Partners Assistant Manager Salary

3 - 13 years exp. (55 salaries)

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₹4.5 L/yr - ₹12.1 L/yr

arrow icon 40% more
1 job opening
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₹3.5 L/yr - ₹10.5 L/yr

arrow icon 1% more
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₹2.1 L/yr - ₹9 L/yr

arrow icon 12% less
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SBI General Insurance Assistant Manager Salary

0 - 10 years exp. (19 salaries)

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₹3.4 L/yr - ₹9 L/yr

arrow icon 29% less
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Digit Insurance Assistant Manager Salary

3 - 12 years exp. (14 salaries)

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₹6 L/yr - ₹10.1 L/yr

arrow icon 32% more
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₹3 L/yr - ₹6.5 L/yr

arrow icon 31% less
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₹4 L/yr - ₹5.8 L/yr

arrow icon 11% less
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₹3.5 L/yr - ₹6 L/yr

arrow icon 12% less
1 job opening
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Assistant Manager salary at Magma HDI General Insurance ranges between ₹5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 9 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Assistant Manager in New Delhi

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7 years exp.
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5 years exp.
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10 years exp.
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8 years exp.
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11 years exp.
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Experience wise Magma HDI General Insurance Assistant Manager salaries in New Delhi

Last Updated: 23 Sep 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹5 L/yr - ₹10.9 L/yr
2 years (AmbitionBox Estimate)

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₹5 L/yr - ₹10.9 L/yr
3 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹6.5 L/yr
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Similar Designation salaries in Magma HDI General Insurance

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₹4.5 L/yr - ₹5.7 L/yr
Deputy Manager Salary
(4 salaries)
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₹6.5 L/yr - ₹8.11 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

5.0

Rated by 3 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.

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Dislikes

Here employee not treated as employee.theyvtreatedcas slave

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 29 Aug 2024

3.0
 for  Salary and Benefits

Likes

Work culture

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.

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.

read more

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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Full Time

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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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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 New Delhi?
Assistant Manager salary at Magma HDI General Insurance in New Delhi ranges between ₹5.0 Lakhs to ₹8.5 Lakhs for experience between 1 years to 11 years. According to our estimates it is 26% less than the average Assistant Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Magma HDI General Insurance New Delhi.
How does the salary of a Assistant Manager at Magma HDI General Insurance New Delhi compare with the average salary range for this job?
The average salary of a Assistant Manager at Magma HDI General Insurance is 26% less than the average salary of a Assistant Manager in New Delhi. 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 New Delhi.
Which similar companies are paying more than Magma HDI General Insurance to a Assistant Manager in New Delhi?
  • United India Insurance Company Assistant Manager Salary - ₹10.0 Lakhs to ₹22.0 Lakhs per year
  • MetLife Assistant Manager Salary - ₹7.5 Lakhs to ₹28.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
  • National Insurance Company Assistant Manager Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
  • Axa XL Assistant Manager Salary - ₹7.0 Lakhs to ₹17.6 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Magma HDI General Insurance in New Delhi?
  • The Oriental Insurance Co. Assistant Manager Salary - ₹10.9 Lakhs to ₹15.0 Lakhs per year
  • Allianz Partners Assistant Manager Salary - ₹4.5 Lakhs to ₹12.1 Lakhs per year
  • Digit Insurance Assistant Manager Salary - ₹6.0 Lakhs to ₹10.1 Lakhs per year
  • Bajaj Allianz General Insurance Assistant Manager Salary - ₹5.2 Lakhs to ₹10.3 Lakhs per year
  • ManipalCigna Health Insurance Assistant Manager Salary - ₹5.5 Lakhs to ₹12.4 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Magma HDI General Insurance in New Delhi?
The estimated take-home salary of a Assistant Manager at Magma HDI General Insurance ranges between ₹46,332 per month to ₹47,430 per month in New Delhi. The take-home salary calculation is based on the average Magma HDI General Insurance Assistant Manager salary in India which ranges between ₹5.0 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Magma HDI General Insurance in New Delhi?
According to AmbitionBox, 80% of the Magma HDI General Insurance Assistant Managers in New Delhi reported a notice period of 2 Months, 20% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Assistant Manager salary in New Delhi ranges between ₹5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.