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3.8

based on 357 Reviews

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Magma HDI General Insurance Claims Manager salaries in India

Annual salary range
8 - 9 years exp.
₹4.5 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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18% less than the average Claims Manager Salary in Insurance Companies for 8 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Claims Manager Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5 L/yr

Production, Manufacturing & Engineering
Claims Manager Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 11 Nov 2024

Companies similar to Magma HDI General Insurance for Claims Manager

Company name Avg Annual Salary Open Jobs
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₹2.7 L/yr - ₹8.5 L/yr

arrow icon 12% more
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₹5.5 L/yr - ₹12.5 L/yr

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₹12 L/yr - ₹15 L/yr

arrow icon 164% more
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₹2.1 L/yr - ₹10 L/yr

arrow icon 6% more
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Tata AIG Claims Manager Salary

1 - 9 years exp. (69 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 28% more
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₹12.5 L/yr - ₹21 L/yr

arrow icon 256% more
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₹4.5 L/yr - ₹17 L/yr

arrow icon 122% more
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₹4.7 L/yr - ₹12 L/yr

arrow icon 50% more
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₹2 L/yr - ₹4.2 L/yr

arrow icon 34% less
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SBI General Insurance Claims Manager Salary

4 - 18 years exp. (9 salaries)

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₹4.6 L/yr - ₹15 L/yr

arrow icon 79% more
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Digit Insurance Claims Manager Salary

3 - 12 years exp. (7 salaries)

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₹3.2 L/yr - ₹7.5 L/yr

arrow icon 6% more
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Medi Assist India Claims Manager Salary

3 - 12 years exp. (5 salaries)

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₹5.8 L/yr - ₹9.2 L/yr

arrow icon 56% more
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₹8.5 L/yr - ₹12.1 L/yr

arrow icon 114% more
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Allianz Partners Claims Manager Salary

8 - 12 years exp. (4 salaries)

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₹8.5 L/yr - ₹9 L/yr

arrow icon 83% more
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IndiaFirst Life Insurance Claims Manager Salary

10 - 15 years exp. (4 salaries)

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₹7 L/yr - ₹10.3 L/yr

arrow icon 95% more
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₹6 L/yr - ₹8 L/yr

arrow icon 41% more
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₹6 L/yr - ₹7 L/yr

arrow icon 33% more
Claims Manager salary at Magma HDI General Insurance ranges between ₹4.5 Lakhs to ₹5 Lakhs per year for employees with experience between 8 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Claims Manager

1mo ago
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9 years exp.
5mo ago
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8 years exp.
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8 years exp.
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9 years exp.

Experience wise Magma HDI General Insurance Claims Manager salaries

Last Updated: 11 Nov 2024

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5 L/yr

Similar Designation salaries in Magma HDI General Insurance

Team Manager Salary
(10 salaries)
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₹7.45 L/yr - ₹13 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹16.9 L/yr - ₹21.6 L/yr
Deputy Manager Salary
(117 salaries)
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₹5.45 L/yr - ₹10.5 L/yr
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₹3.7 L/yr - ₹6 L/yr
Claims Service Manager Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
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₹3.5 L/yr - ₹7.6 L/yr
Claims Executive Salary
(AmbitionBox Estimate)
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₹2.4 L/yr - ₹3.1 L/yr
Claims Specialist Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
Team Lead Salary
(6 salaries)
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₹3 L/yr - ₹6.45 L/yr
Medical Officer Salary
(AmbitionBox Estimate)
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₹8.3 L/yr - ₹10.6 L/yr

Salary related reviews for Magma HDI General Insurance

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 Claims Manager Salary FAQs

What is the salary of Claims Manager at Magma HDI General Insurance?
Claims Manager salary at Magma HDI General Insurance in India ranges between ₹4.5 Lakhs to ₹5.0 Lakhs for experience between 8 years to 9 years. According to our estimates it is 18% less than the average Claims Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a Claims Manager at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a Claims Manager at Magma HDI General Insurance is 18% less than the average salary of a Claims Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Magma HDI General Insurance to a Claims Manager in India?
  • National Insurance Company Claims Manager Salary - ₹12.5 Lakhs to ₹21.0 Lakhs per year
  • Bajaj Allianz General Insurance Claims Manager Salary - ₹12.0 Lakhs to ₹15.0 Lakhs per year
  • Future Generali India Life Insurance Claims Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
  • ManipalCigna Health Insurance Claims Manager Salary - ₹8.5 Lakhs to ₹12.1 Lakhs per year
  • IndiaFirst Life Insurance Claims Manager Salary - ₹7.0 Lakhs to ₹10.3 Lakhs per year
What is the salary of a Claims Manager in companies similar to Magma HDI General Insurance in India?
  • Allianz Partners Claims Manager Salary - ₹8.5 Lakhs to ₹9.0 Lakhs per year
  • HDFC Ergo General Insurance Claims Manager Salary - ₹5.5 Lakhs to ₹12.5 Lakhs per year
  • SBI General Insurance Claims Manager Salary - ₹4.6 Lakhs to ₹15.0 Lakhs per year
  • Medi Assist India Claims Manager Salary - ₹5.8 Lakhs to ₹9.2 Lakhs per year
  • Cholamandalam MS General Insurance Claims Manager Salary - ₹4.7 Lakhs to ₹12.0 Lakhs per year
What is the estimated take home salary of a Claims Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Claims Manager at Magma HDI General Insurance ranges between ₹35,556 per month to ₹36,787 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Claims Manager salary in India which ranges between ₹4.5 Lakhs to ₹5.0 Lakhs per year for employees with experience between 8 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Claims Manager at Magma HDI General Insurance?
According to AmbitionBox, 50% of the Magma HDI General Insurance Claims Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Claims Manager salary in India ranges between ₹4.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.