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3.8

based on 370 Reviews

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Magma HDI General Insurance Motor Underwriter salaries in Mumbai

Annual salary range
0 - 9 years exp.
₹2.8 Lakhs - ₹7.5 Lakhs
Salary of majority employees
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At par with the average Motor Underwriter Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Motor Underwriter Salary
1 year exp. (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.3 L/yr

Finance & Accounting
Motor Underwriter Salary
1 year exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3 L/yr

Risk Management & Compliance
Motor Underwriter Salary
Fresher (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.3 L/yr

Last Updated: 29 Nov 2024

Companies similar to Magma HDI General Insurance for Motor Underwriter in Mumbai

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Magma HDI General Insurance Motor Underwriter Salary

0 - 9 years exp. (4 salaries)

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₹2.8 L/yr - ₹7.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹7.7 L/yr - ₹11.9 L/yr

arrow icon 42% more
Motor Underwriter salary at Magma HDI General Insurance ranges between ₹2.8 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience 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 Motor Underwriter in Mumbai

2mo ago
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1 year exp.
9mo ago
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8 months exp.
1y ago
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1 year exp.

Experience wise Magma HDI General Insurance Motor Underwriter salaries in Mumbai

Last Updated: 29 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
1 year (AmbitionBox Estimate)

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₹4.6 L/yr - ₹5.9 L/yr
9 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr

Similar Designation salaries in Magma HDI General Insurance

Deputy Manager Salary
(45 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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₹6 L/yr - ₹7 L/yr
Team Lead Salary
(3 salaries)
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₹3 L/yr - ₹6 L/yr

Top skills at Magma HDI General Insurance for Motor Underwriter

Insurance Underwriting Underwriting

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

  • 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

 · 

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.

read more
  • 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.

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Magma HDI General Insurance Motor Underwriter Salary FAQs

What is the salary of Motor Underwriter at Magma HDI General Insurance Mumbai?
Motor Underwriter salary at Magma HDI General Insurance in Mumbai ranges between ₹2.8 Lakhs to ₹7.5 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 1% more than the average Motor Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magma HDI General Insurance Mumbai.
How does the salary of a Motor Underwriter at Magma HDI General Insurance Mumbai compare with the average salary range for this job?
The average salary of a Motor Underwriter at Magma HDI General Insurance is 1% more than the average salary of a Motor Underwriter in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Motor Underwriter at Magma HDI General Insurance?
Insurance Underwriting and Underwriting are some of the popular skills required to work as a Motor Underwriter at Magma HDI General Insurance Mumbai.
Which similar companies are paying more than Magma HDI General Insurance to a Motor Underwriter in Mumbai?
  • ICICI Lombard General Insurance Company Motor Underwriter Salary - ₹7.7 Lakhs to ₹11.9 Lakhs per year
What is the estimated take home salary of a Motor Underwriter at Magma HDI General Insurance in Mumbai?
The estimated take-home salary of a Motor Underwriter at Magma HDI General Insurance ranges between ₹46,099 per month to ₹47,192 per month in Mumbai. The take-home salary calculation is based on the average Magma HDI General Insurance Motor Underwriter salary in India which ranges between ₹2.8 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?
What is the notice period for Motor Underwriter at Magma HDI General Insurance in Mumbai?
According to AmbitionBox, 100% of the Magma HDI General Insurance Motor Underwriters in Mumbai reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Motor Underwriter salary in Mumbai ranges between ₹2.8 Lakhs to ₹7.5 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.