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3.8

based on 359 Reviews

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Magma HDI General Insurance General Manager salaries in Mumbai

Annual salary range
7 - 19 years exp.
₹15 Lakhs - ₹32.5 Lakhs
Salary of majority employees
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36% less than the average General Manager Salary in Insurance Companies for 7 - 19 years of experience

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Salaries in different departments

Finance & Accounting
General Manager Salary
8 - 11 years exp. (4 salaries)
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₹15 L/yr - ₹27.6 L/yr

Product Management
General Manager Salary
7 - 13 years exp. (4 salaries)
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₹19.5 L/yr - ₹31.2 L/yr

Customer Success, Service & Operations
General Manager Salary
13 - 15 years exp. (3 salaries)
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₹17.4 L/yr - ₹32.5 L/yr

Strategic & Top Management
General Manager Salary
14 - 16 years exp. (3 salaries)
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₹25 L/yr - ₹29 L/yr

Last Updated: 30 Nov 2024

Companies similar to Magma HDI General Insurance for General Manager in Mumbai

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Magma HDI General Insurance General Manager Salary

7 - 19 years exp. (17 salaries)

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₹15 L/yr - ₹32.5 L/yr

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General Manager salary at Magma HDI General Insurance ranges between ₹15 Lakhs to ₹32.5 Lakhs per year for employees with experience between 7 years to 19 years. Salary estimates are based on 17 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance General Manager in Mumbai

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8 years exp.
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15 years exp.
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8 years exp.
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14 years exp.
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13 years exp.
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13 years exp.
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11 years exp.
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Experience wise Magma HDI General Insurance General Manager salaries in Mumbai

Last Updated: 30 Nov 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹19.5 L/yr - ₹39.9 L/yr
8 years (AmbitionBox Estimate)

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₹21 L/yr - ₹40.8 L/yr
9 years (AmbitionBox Estimate)

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₹15 L/yr - ₹41.8 L/yr
10 years  (3 salaries)

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₹23.5 L/yr - ₹27 L/yr
11 years (AmbitionBox Estimate)

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₹23.5 L/yr - ₹43.7 L/yr
View all

Similar Designation salaries in Magma HDI General Insurance

Deputy Manager Salary
(51 salaries)
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₹5.8 L/yr - ₹10.5 L/yr
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₹28 L/yr - ₹48 L/yr
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₹2 L/yr - ₹3 L/yr
Team Lead Salary
(3 salaries)
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₹3 L/yr - ₹6 L/yr
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₹3.23 L/yr - ₹3.85 L/yr
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₹6 L/yr - ₹7 L/yr

Top skills at Magma HDI General Insurance for General Manager

Regulatory Compliance Labour Laws Corporate Law General Insurance Insurance IPR Internal Audit Drafting Llb Aml Compliance Management Contract Management IRDA

Salary related reviews for Magma HDI General Insurance

3.0

Rated by 2 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

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.

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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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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 General Manager Salary FAQs

What is the salary of General Manager at Magma HDI General Insurance Mumbai?
General Manager salary at Magma HDI General Insurance in Mumbai ranges between ₹15.0 Lakhs to ₹32.5 Lakhs for experience between 7 years to 19 years. According to our estimates it is 36% less than the average General Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Magma HDI General Insurance Mumbai.
How does the salary of a General Manager at Magma HDI General Insurance Mumbai compare with the average salary range for this job?
The average salary of a General Manager at Magma HDI General Insurance is 36% less than the average salary of a General Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a General Manager at Magma HDI General Insurance?
Regulatory Compliance, Labour Laws, Corporate Law, General Insurance and Insurance are some of the popular skills required to work as a General Manager at Magma HDI General Insurance Mumbai.
Which similar companies are paying more than Magma HDI General Insurance to a General Manager in Mumbai?
  • Reliance Retail General Manager Salary - ₹25.0 Lakhs to ₹68.0 Lakhs per year
  • Jio General Manager Salary - ₹22.0 Lakhs to ₹64.0 Lakhs per year
  • Vodafone Idea General Manager Salary - ₹18.4 Lakhs to ₹58.0 Lakhs per year
  • Reliance Industries General Manager Salary - ₹17.0 Lakhs to ₹52.0 Lakhs per year
  • Lodha Group General Manager Salary - ₹17.0 Lakhs to ₹52.4 Lakhs per year
What is the estimated take home salary of a General Manager at Magma HDI General Insurance in Mumbai?
The estimated take-home salary of a General Manager at Magma HDI General Insurance ranges between ₹1,60,133 per month to ₹1,66,237 per month in Mumbai. The take-home salary calculation is based on the average Magma HDI General Insurance General Manager salary in India which ranges between ₹15.0 Lakhs to ₹32.5 Lakhs per year for employees with experience between 7 years to 19 years. Check how did we calculate take home salary?
What is the notice period for General Manager at Magma HDI General Insurance in Mumbai?
According to AmbitionBox, 100% of the Magma HDI General Insurance General Managers in Mumbai reported a notice period of 3 Months.This is based on 9 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance General Manager salary in Mumbai ranges between ₹15 Lakhs to ₹32.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.