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3.8

based on 357 Reviews

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Magma HDI General Insurance Relationship Manager salaries in Ranchi

Annual salary range
6 - 10 years exp.
₹4.6 Lakhs - ₹5.8 Lakhs
Salary of majority employees
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23% more than the average Relationship Manager Salary in Insurance Companies for 6 - 10 years of experience

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Salaries in different departments

Sales & Business Development
Relationship Manager Salary
8 - 10 years exp. (3 salaries)
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₹5 L/yr - ₹5.8 L/yr

BFSI, Investments & Trading
Relationship Manager Salary
6 - 9 years exp. (AmbitionBox Estimate)
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₹4.6 L/yr - ₹5.4 L/yr

Last Updated: 10 May 2024

Companies similar to Magma HDI General Insurance for Relationship Manager in Ranchi

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Magma HDI General Insurance Relationship Manager Salary

6 - 10 years exp. (5 salaries)

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₹4.6 L/yr - ₹5.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹5.3 L/yr

arrow icon 21% less
10 job openings
Logo
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₹2.1 L/yr - ₹5.2 L/yr

arrow icon 15% less
11 job openings
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₹3.5 L/yr - ₹4.3 L/yr

arrow icon 22% less
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₹2 L/yr - ₹5 L/yr

arrow icon 34% less
1 job opening
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₹1.8 L/yr - ₹8.5 L/yr

arrow icon 21% less
Relationship Manager salary at Magma HDI General Insurance ranges between ₹4.6 Lakhs to ₹5.8 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Relationship Manager in Ranchi

7mo ago
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10 years exp.
7mo ago
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6 years exp.
1y ago
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8 years exp.
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10 years exp.
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9 years exp.

Experience wise Magma HDI General Insurance Relationship Manager salaries in Ranchi

Last Updated: 10 May 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹4.6 L/yr - ₹9.3 L/yr
7 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)

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₹5 L/yr - ₹9.5 L/yr
9 years (AmbitionBox Estimate)

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₹5 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)

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₹5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Magma HDI General Insurance

Sales Manager Salary
(3 salaries)
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₹3.5 L/yr - ₹6.08 L/yr

Top skills at Magma HDI General Insurance for Relationship Manager

Sales Relationship Management Servicing Agency Channel Tied Channel Business Development Health Insurance Retail Sales General Insurance Sales Insurance Sales Motor Insurance Agent Recruitment Life Insurance Agency Management Agency Sales

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

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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.

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

 · 

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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Magma HDI General Insurance Ranchi?
Relationship Manager salary at Magma HDI General Insurance in Ranchi ranges between ₹4.6 Lakhs to ₹5.8 Lakhs for experience between 6 years to 10 years. According to our estimates it is 23% more than the average Relationship Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Magma HDI General Insurance Ranchi.
How does the salary of a Relationship Manager at Magma HDI General Insurance Ranchi compare with the average salary range for this job?
The average salary of a Relationship Manager at Magma HDI General Insurance is 23% more than the average salary of a Relationship Manager in Ranchi. To know exact salary insights, login to view.
What are the top skills required to work as a Relationship Manager at Magma HDI General Insurance?
Sales, Relationship Management, Servicing, Agency Channel and Tied Channel are some of the popular skills required to work as a Relationship Manager at Magma HDI General Insurance Ranchi.
What is the salary of a Relationship Manager in companies similar to Magma HDI General Insurance in Ranchi?
  • Max Life Insurance Relationship Manager Salary - ₹2.1 Lakhs to ₹5.2 Lakhs per year
  • Vedika Credit Capital Relationship Manager Salary - ₹1.8 Lakhs to ₹8.5 Lakhs per year
  • Star Union Dai-ichi Life Insurance Relationship Manager Salary - ₹2.4 Lakhs to ₹5.3 Lakhs per year
  • Bharti AXA Life Insurance Relationship Manager Salary - ₹3.5 Lakhs to ₹4.3 Lakhs per year
  • Premsons Motor Udyog Relationship Manager Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Relationship Manager at Magma HDI General Insurance in Ranchi?
The estimated take-home salary of a Relationship Manager at Magma HDI General Insurance ranges between ₹39,122 per month to ₹40,300 per month in Ranchi. The take-home salary calculation is based on the average Magma HDI General Insurance Relationship Manager salary in India which ranges between ₹4.6 Lakhs to ₹5.8 Lakhs per year for employees with experience between 6 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Relationship Manager at Magma HDI General Insurance in Ranchi?
According to AmbitionBox, 50% of the Magma HDI General Insurance Relationship Managers in Ranchi reported a notice period of 1 Month, 50% 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 Relationship Manager salary in Ranchi ranges between ₹4.6 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.