Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Magma HDI General Insurance Team. If you also belong to the team, you can get access from here

Magma HDI General Insurance Verified Tick

Compare button icon Compare button icon Compare
filter salariesFilter salaries by
Designation
Experience
Pune
Department

Clear (1)

Magma HDI General Insurance Salaries in Pune (Updated 2025)

based on 48 latest salaries
Explore Salaries by Departments
Sales & Business Development BFSI, Investments & Trading Customer Success, Service & Operations Finance & Accounting
Designation Avg Annual Salary Open Jobs
3 - 16 years exp. · Pune (5 salaries)
unlock blur

₹7.3 L/yr - ₹9.1 L/yr

1 - 7 years exp. · Pune (4 salaries)
unlock blur

₹3.6 L/yr - ₹4.4 L/yr

8 - 13 years exp. · Pune (3 salaries)
unlock blur

₹5.8 L/yr - ₹7.3 L/yr

Fresher · Pune (3 salaries)
unlock blur

₹4 L/yr - ₹8.5 L/yr

Starting your career? Discover Magma HDI General Insurance fresher salaries in India
1 - 6 years exp. · Pune (3 salaries)
unlock blur

₹4.5 L/yr - ₹5.5 L/yr

0 - 1 year exp. · Pune (AmbitionBox Estimate)
unlock blur

₹3.2 L/yr - ₹4 L/yr

10 - 12 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹6.1 L/yr - ₹7.8 L/yr

2 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹1.4 L/yr - ₹4.3 L/yr

1 job opening
8 - 9 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹11.7 L/yr - ₹15 L/yr

9 - 10 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹12.2 L/yr - ₹13.6 L/yr

1 year exp. · Pune (AmbitionBox Estimate)
unlock blur

₹4.1 L/yr - ₹5.2 L/yr

8 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹3 L/yr - ₹3.8 L/yr

9 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹11.7 L/yr - ₹15 L/yr

2 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹5.4 L/yr - ₹6.9 L/yr

Fresher · Pune (AmbitionBox Estimate)
unlock blur

₹8.1 L/yr - ₹10.4 L/yr

10 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹14.6 L/yr - ₹18.7 L/yr

1 - 4 years exp. · Pune (7 salaries)
unlock blur

₹3.5 L/yr - ₹4 L/yr

1 - 4 years exp. · Pune (5 salaries)
unlock blur

₹5 L/yr - ₹5.8 L/yr

8 - 15 years exp. · Pune (AmbitionBox Estimate)
unlock blur

₹9.6 L/yr - ₹12 L/yr

Last Updated: 14 Mar, 2025

Salary related reviews for Magma HDI General Insurance

3.2

Rated by 8 employees for salary & benefits

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 .

read more

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.

  • 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.

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.

read more

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

read more
  • 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.

read more

Full Time

 · 

Other Department

3.0
  •  posted on 18 Dec 2023

4.0
 for  Salary and Benefits

Likes

1. Excellent work life balance 2. HOD is friendly and jolly 3. HR leave policy & employee support 4. Friendly atmosphere in the company 5. Office timings only 8 hours (10 to 6) 6. Need basis WFH given 7. Providing IA related course memberships 8. Team outings 9. Learning exposure,but self start up basis 10. Lots of employee engaging activities and events are conducted for free in the office campus by management of brookfield property

read more
  • Salary - Good
  • +3 more

Dislikes

1. The kurla office location is very inconvenient for western line people.Too much hectic and costly travel 2. No subsidised food in canteen.The prices are like a restuarant. Also, outside and near to the office area, there are almost no food options available 3. Employee engagement / fun activities taken by HR is very less. Culture is poor as compared to other insurance industry. 4. Lots of attrition in the company and in the team.Also, the team size is very small compared to audit calendar 5. Vacant positions in the team are filled after a long gap 6. Mentoring is average especially for freshers and people from out of insurance field. 7. Annual performance bonus is not applicable for below manager position 8. Majority of functions and the top management have a very casual approach and are less interested towards audit.Some of the departments are least bothered in sharing data, proper responses, having meetings, timely closures etc. 9. There is a bit issue in getting exam leaves for professional courses even if it is for a week 10. No improvement in audit procedure and practices. Many unnecessary things are to be followed and performed while doing audits. 11. No audit tool,everything is manual 12. Poor quality and low specification laptop is provided to employees 13. 4th and 5th Saturdays are WFH

read more
see more salary related reviews

Magma HDI General Insurance Salary FAQs

How much does Magma HDI General Insurance pay to its employees?
The average annual salary at Magma HDI General Insurance varies depending on the role, experience, and location. The salary ranges for some popular designations at Magma HDI General Insurance, are as follows:

Deputy Manager ₹7.3 Lakhs to ₹9.1 Lakhs per year
Unit Sales Manager ₹3.6 Lakhs to ₹4.4 Lakhs per year
Senior Relationship Manager ₹5.8 Lakhs to ₹7.3 Lakhs per year
Management Trainee ₹4 Lakhs to ₹8.5 Lakhs per year

The highest-paying role, National Manager, earns between ₹39 Lakhs to ₹52 Lakhs per year. The top 10% of employees earn more than ₹18 Lakhs per year, and the top 1% earn over ₹46.5 Lakhs per year. Salaries at Magma HDI General Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 48 salaries submitted by Magma HDI General Insurance employees. Magma HDI General Insurance is rated 3.2 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Magma HDI General Insurance in Pune?
The salary of a fresher at Magma HDI General Insurance in Pune typically ranges from ₹4 Lakhs to ₹8.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Management Trainee Salary ₹4 Lakhs to ₹8.5 Lakhs per year
Fresher as a Underwriter Salary ₹7 Lakhs to ₹8.1 Lakhs per year
Fresher as a Sales Trainee Salary ₹4 Lakhs to ₹4.5 Lakhs per year
Fresher as a Relationship Manager Salary ₹4.2 Lakhs to ₹5.3 Lakhs per year

Tell us how to improve this page.

Average annual salary in Magma HDI General Insurance , Pune is INRunlock blur . Salary estimates are based on 40+ Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.

write
Rate your company