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3.8

based on 361 Reviews

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Nagpur
Sales & Business Development

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Magma HDI General Insurance Sales & Business Development Department Salaries in Nagpur

based on 7 latest salaries
Designation Avg Annual Salary Open Jobs
9 - 10 years exp. · Nagpur (3 salaries)
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₹6 L/yr - ₹8.4 L/yr

9 - 10 years exp. · Nagpur (AmbitionBox Estimate)
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₹6.3 L/yr - ₹6.5 L/yr

5 - 7 years exp. · Nagpur (AmbitionBox Estimate)
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₹5.1 L/yr - ₹5.5 L/yr

Last Updated: 15 Sep, 2024

Salary related reviews for Magma HDI General Insurance

3.0

Rated by 1 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

 · 

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

 · 

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

 · 

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.

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Magma HDI General Insurance Salary FAQs

How much does Magma HDI General Insurance pay per year?
The average Magma HDI General Insurance salary ranges from approximately ₹1.6 Lakh to ₹2.1 Lakhs per year for a Human Resource and ₹39 Lakhs to ₹52 Lakhs per year for a National Manager. Salary estimates are based on 7 Magma HDI General Insurance salaries received from various employees of Magma HDI General Insurance. Magma HDI General Insurance employees rate the overall salary and benefits package 3.0/5 stars.
What is the highest salary in Magma HDI General Insurance?
The highest-paying job at Magma HDI General Insurance is a National Manager with a salary of ₹39 Lakhs to ₹52 Lakhs per year. The top 10% of employees earn more than ₹17.27 lakhs per year. The top 1% earn more than a whopping ₹45.43 lakhs per year.
What is the minimum salary in Magma HDI General Insurance?
Minimum salary at Magma HDI General Insurance depends on the role you are applying for. For Senior Executive Operations the minimum salary is ₹2.3 Lakhs to ₹4 Lakhs per year, and for Senior Executive the minimum salary is ₹2.3 Lakhs to ₹5 Lakhs per year and so on.
What is the salary package for freshers in Magma HDI General Insurance?
The average salary at Magma HDI General Insurance for freshers varies from ₹4 Lakhs to ₹8.5 Lakhs per year for Management Trainee and ₹7 Lakhs to ₹10 Lakhs per year for Underwriter.

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Average annual salary in Sales & Business Development department at Magma HDI General Insurance , Nagpur is INRunlock blur . Salary estimates are based on 7 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.

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