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

Magma HDI General Insurance Sales Manager salaries in India (Updated 2025)

Annual salary range
2 - 12 years exp.
₹3.3 Lakhs - ₹7.3 Lakhs
Salary of majority employees
unlock blur
unlock blur

32% less than the average Sales Manager Salary in Insurance Companies for 2 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Marketing & Communication
Sales Manager Salary
5 - 6 years exp. (4 salaries)
unlock-blur

₹3.6 L/yr - ₹5.1 L/yr

Sales & Business Development
Sales Manager Salary
9 - 12 years exp. (4 salaries)
unlock-blur

₹4.6 L/yr - ₹7.3 L/yr

Customer Success, Service & Operations
Sales Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
unlock-blur

₹3.3 L/yr - ₹5.3 L/yr

BFSI, Investments & Trading
Sales Manager Salary
8 years exp. (AmbitionBox Estimate)
unlock-blur

₹3.8 L/yr - ₹5.4 L/yr

Last Updated: 10 Jan 2025

Companies similar to Magma HDI General Insurance for Sales Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹2 L/yr - ₹11.4 L/yr

arrow icon 40% more
1 job opening
Logo
HDFC Ergo General Insurance Sales Manager Salary

0 - 10 years exp. (282 salaries)

unlock blur

₹2.2 L/yr - ₹7.5 L/yr

arrow icon 9% less
unlock blur

₹1.8 L/yr - ₹6.8 L/yr

arrow icon 3% less
68 job openings
Logo
Reliance General Insurance Sales Manager Salary

0 - 14 years exp. (596 salaries)

unlock blur

₹1.9 L/yr - ₹8.3 L/yr

arrow icon 8% more
Logo
Tata AIG Sales Manager Salary

2 - 14 years exp. (210 salaries)

unlock blur

₹2.5 L/yr - ₹10.5 L/yr

arrow icon 37% more
2 job openings
unlock blur

₹3.3 L/yr - ₹4.3 L/yr

arrow icon 24% less
unlock blur

₹2.2 L/yr - ₹6 L/yr

arrow icon 21% less
39 job openings
Logo
Axis Max Life Insurance Sales Manager Salary

0 - 10 years exp. (615 salaries)

unlock blur

₹2.3 L/yr - ₹6.2 L/yr

arrow icon 5% less
5 job openings
unlock blur

₹2.6 L/yr - ₹5.1 L/yr

arrow icon 16% less
Logo
Aviva Life Insurance India Sales Manager Salary

1 - 15 years exp. (123 salaries)

unlock blur

₹1.9 L/yr - ₹5.3 L/yr

arrow icon 19% less
Logo
Bharti AXA Life Insurance Sales Manager Salary

1 - 12 years exp. (120 salaries)

unlock blur

₹2.1 L/yr - ₹7.4 L/yr

arrow icon 10% less
1 job opening
unlock blur

₹2 L/yr - ₹6.5 L/yr

arrow icon 14% less
Logo
Edelweiss Life Insurance Sales Manager Salary

3 - 10 years exp. (44 salaries)

unlock blur

₹2.5 L/yr - ₹6 L/yr

arrow icon 20% less
unlock blur

₹2.9 L/yr - ₹7.6 L/yr

arrow icon 4% less
unlock blur

₹2.4 L/yr - ₹5.2 L/yr

arrow icon 22% less
Logo
MetLife Sales Manager Salary

1 - 7 years exp. (22 salaries)

unlock blur

₹1.8 L/yr - ₹4 L/yr

arrow icon 32% less
Logo
unlock blur

₹2.4 L/yr - ₹6.1 L/yr

arrow icon 17% less
unlock blur

₹3 L/yr - ₹6 L/yr

arrow icon 20% less
unlock blur

₹1.8 L/yr - ₹8.9 L/yr

arrow icon 14% less
Logo
SBI General Insurance Sales Manager Salary

3 - 11 years exp. (13 salaries)

unlock blur

₹3.3 L/yr - ₹6.2 L/yr

arrow icon 11% less
View all

Women @ Work is now live!

Explore industry insights, find exclusive jobs & unlock exciting rewards

Sales Manager salary at Magma HDI General Insurance ranges between ₹3.3 Lakhs to ₹7.3 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 16 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Sales Manager

1mo ago
avg blur mobile
3 years exp.
2mo ago
avg blur mobile
3 years exp.
4mo ago
avg blur mobile
12 years exp.
8mo ago
avg blur mobile
6 years exp.
9mo ago
avg blur mobile
11 years exp.
9mo ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
6 years exp.
1y ago
avg blur mobile
5 years exp.
1y ago
avg blur mobile
8 years exp.

Experience wise Magma HDI General Insurance Sales Manager salaries

Last Updated: 10 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

unlock blur

₹3.3 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)

unlock blur

₹3.3 L/yr - ₹7.8 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹4.1 L/yr - ₹5.2 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹3.6 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹3.6 L/yr - ₹5.1 L/yr
View all

Similar Designation salaries in Magma HDI General Insurance

Store Manager Salary
(AmbitionBox Estimate)
unlock blur
₹14.9 L/yr - ₹19 L/yr
Area Manager Salary
(5 salaries)
unlock blur
₹8.75 L/yr - ₹16.25 L/yr
Branch Manager Salary
(11 salaries)
unlock blur
₹5 L/yr - ₹9.25 L/yr
unlock blur
₹7.7 L/yr - ₹8.8 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
unlock blur
₹2.9 L/yr - ₹3.7 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
unlock blur
₹42.3 L/yr - ₹54.1 L/yr
Deputy Manager Salary
(118 salaries)
unlock blur
₹5.45 L/yr - ₹10.5 L/yr
unlock blur
₹4 L/yr - ₹6.2 L/yr
unlock blur
₹13.8 L/yr - ₹18.5 L/yr
unlock blur
₹5.4 L/yr - ₹22.65 L/yr

Top skills at Magma HDI General Insurance for Sales Manager

Tied Channel Sales Executive Activities Life Insurance Business Development Management General Insurance agency Health Insurance Recruitment Management Agency Management Recruitment Sales Management Agency Sales Sales Promotion agency development Agent Recruitment

Salary related reviews for Magma HDI General Insurance

4.0

Rated by 9 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

  • 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 .

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Magma HDI General Insurance Sales Manager Salary FAQs

What is the salary of Sales Manager at Magma HDI General Insurance?
Sales Manager salary at Magma HDI General Insurance in India ranges between ₹3.3 Lakhs to ₹7.3 Lakhs for experience between 2 years to 12 years. According to our estimates it is 32% less than the average Sales Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a Sales Manager at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a Sales Manager at Magma HDI General Insurance is 32% less than the average salary of a Sales Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Sales Manager at Magma HDI General Insurance?
Tied Channel, Sales Executive Activities, Life Insurance, Business Development Management and General Insurance are some of the popular skills required to work as a Sales Manager at Magma HDI General Insurance India.
Which similar companies are paying more than Magma HDI General Insurance to a Sales Manager in India?
  • Allianz Partners Sales Manager Salary - ₹15.0 Lakhs to ₹18.5 Lakhs per year
  • Medi Assist India Sales Manager Salary - ₹1.9 Lakhs to ₹14.2 Lakhs per year
  • ICICI Lombard General Insurance Company Sales Manager Salary - ₹2.0 Lakhs to ₹11.4 Lakhs per year
  • Tata AIG Sales Manager Salary - ₹2.5 Lakhs to ₹10.5 Lakhs per year
  • Digit Insurance Sales Manager Salary - ₹6.1 Lakhs to ₹8.0 Lakhs per year
What is the salary of a Sales Manager in companies similar to Magma HDI General Insurance in India?
  • Reliance General Insurance Sales Manager Salary - ₹1.9 Lakhs to ₹8.3 Lakhs per year
  • Bajaj Allianz General Insurance Sales Manager Salary - ₹1.8 Lakhs to ₹6.8 Lakhs per year
  • Ageas Federal Life Insurance Sales Manager Salary - ₹2.9 Lakhs to ₹7.6 Lakhs per year
  • Axis Max Life Insurance Sales Manager Salary - ₹2.3 Lakhs to ₹6.2 Lakhs per year
  • HDFC Ergo General Insurance Sales Manager Salary - ₹2.2 Lakhs to ₹7.5 Lakhs per year
What is the estimated take home salary of a Sales Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Sales Manager at Magma HDI General Insurance ranges between ₹35,920 per month to ₹37,146 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Sales Manager salary in India which ranges between ₹3.3 Lakhs to ₹7.3 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Sales Manager at Magma HDI General Insurance?
According to AmbitionBox, 61% of the Magma HDI General Insurance Sales Managers reported a notice period of 2 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Sales Manager salary in India ranges between ₹3.3 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.