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3.8

based on 358 Reviews

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Magma HDI General Insurance Cluster Head salaries in India

Annual salary range
12 - 14 years exp.
₹8.3 Lakhs - ₹11.7 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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25% less than the average Cluster Head Salary in Insurance Companies for 12 - 14 years of experience

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Salaries in different departments

Sales & Business Development
Cluster Head Salary
12 - 13 years exp. (AmbitionBox Estimate)
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₹10.5 L/yr - ₹12.9 L/yr

BFSI, Investments & Trading
Cluster Head Salary
14 years exp. (AmbitionBox Estimate)
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₹7.4 L/yr - ₹9.1 L/yr

Last Updated: 14 Dec 2024

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HDFC Ergo General Insurance Cluster Head Salary

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₹5.4 L/yr - ₹18 L/yr

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Reliance General Insurance Cluster Head Salary

9 - 18 years exp. (57 salaries)

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₹7 L/yr - ₹19.4 L/yr

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Tata AIG Cluster Head Salary

4 - 13 years exp. (5 salaries)

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₹4.7 L/yr - ₹13.1 L/yr

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₹13.2 L/yr - ₹17.5 L/yr

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Max Life Insurance Cluster Head Salary

6 - 20 years exp. (28 salaries)

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₹7 L/yr - ₹18 L/yr

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Bharti AXA Life Insurance Cluster Head Salary

12 - 20 years exp. (27 salaries)

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₹12.5 L/yr - ₹25 L/yr

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₹13.1 L/yr - ₹20.5 L/yr

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₹6 L/yr - ₹12 L/yr

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SBI General Insurance Cluster Head Salary

14 - 19 years exp. (7 salaries)

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₹8.7 L/yr - ₹20 L/yr

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Medi Assist India Cluster Head Salary

4 - 8 years exp. (6 salaries)

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₹2 L/yr - ₹10 L/yr

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₹14.5 L/yr - ₹17.5 L/yr

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Aviva Life Insurance India Cluster Head Salary

14 - 21 years exp. (4 salaries)

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₹17 L/yr - ₹19.4 L/yr

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₹5.9 L/yr - ₹16 L/yr

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₹5.8 L/yr - ₹10 L/yr

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Cluster Head salary at Magma HDI General Insurance ranges between ₹8.3 Lakhs to ₹11.7 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Cluster Head

1w ago
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13 years exp.
5mo ago
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12 years exp.
1y ago
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14 years exp.

Experience wise Magma HDI General Insurance Cluster Head salaries

Last Updated: 14 Dec 2024

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹10.5 L/yr - ₹13.5 L/yr
13 years (AmbitionBox Estimate)

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₹10.5 L/yr - ₹13.5 L/yr
14 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr

Similar Designation salaries in Magma HDI General Insurance

Cluster Manager Salary
(10 salaries)
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₹6.2 L/yr - ₹9.5 L/yr
Team Lead Salary
(6 salaries)
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₹3 L/yr - ₹6.45 L/yr
Sales Officer Salary
(3 salaries)
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₹1.8 L/yr - ₹3.5 L/yr
Sales Manager Salary
(20 salaries)
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₹3.25 L/yr - ₹7.34 L/yr
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₹2.8 L/yr - ₹4.75 L/yr
Area Manager Salary
(5 salaries)
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₹8.75 L/yr - ₹16.25 L/yr
Deputy Manager Salary
(121 salaries)
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₹5.45 L/yr - ₹10.5 L/yr
Branch Manager Salary
(9 salaries)
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₹5 L/yr - ₹9.25 L/yr
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₹5.3 L/yr - ₹19 L/yr
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₹5.4 L/yr - ₹22.65 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.

read more

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

 · 

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

 · 

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 Cluster Head Salary FAQs

What is the notice period for Cluster Head at Magma HDI General Insurance?
According to AmbitionBox, 100% of the Magma HDI General Insurance Cluster Heads reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Magma HDI General Insurance Cluster Head salary in India ranges between ₹8.3 Lakhs to ₹11.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.