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Magma HDI General Insurance State Head salaries in India

Annual salary range
10 - 17 years exp.
₹9.5 Lakhs - ₹28.5 Lakhs
Salary of majority employees
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Fixed (96%)
₹18.7 Lakhs
Variable (4%)
₹0.8 Lakh
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23% more than the average State Head Salary in Insurance Companies for 10 - 17 years of experience

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Salaries in different departments

Sales & Business Development
State Head Salary
11 - 17 years exp. (17 salaries)
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₹11 L/yr - ₹28.5 L/yr

BFSI, Investments & Trading
State Head Salary
10 - 17 years exp. (11 salaries)
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₹9.6 L/yr - ₹23.3 L/yr

Marketing & Communication
State Head Salary
12 years exp. (AmbitionBox Estimate)
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₹12.8 L/yr - ₹18 L/yr

Last Updated: 18 Dec 2024

Companies similar to Magma HDI General Insurance for State Head

Company name Avg Annual Salary Open Jobs
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₹8.3 L/yr - ₹17 L/yr

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HDFC Ergo General Insurance State Head Salary

12 - 18 years exp. (18 salaries)

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₹7.5 L/yr - ₹17.4 L/yr

arrow icon 35% less
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₹6.3 L/yr - ₹17.6 L/yr

arrow icon 42% less
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Reliance General Insurance State Head Salary

12 - 17 years exp. (4 salaries)

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₹8 L/yr - ₹17.1 L/yr

arrow icon 33% less
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Tata AIG State Head Salary

13 - 18 years exp. (3 salaries)

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₹14.5 L/yr - ₹16.6 L/yr

arrow icon 22% less
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₹13 L/yr - ₹19.5 L/yr

arrow icon 25% less
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₹7 L/yr - ₹20 L/yr

arrow icon 13% less
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₹8.1 L/yr - ₹19.5 L/yr

arrow icon 25% less
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SBI General Insurance State Head Salary

17 - 19 years exp. (3 salaries)

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₹15.7 L/yr - ₹30 L/yr

arrow icon 4% less
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Bharti AXA Life Insurance State Head Salary

14 - 16 years exp. (5 salaries)

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₹14 L/yr - ₹20 L/yr

arrow icon 6% less
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Max Life Insurance State Head Salary

13 - 16 years exp. (4 salaries)

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₹10.4 L/yr - ₹12.5 L/yr

arrow icon 40% less
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₹14 L/yr - ₹20.6 L/yr

arrow icon 14% less
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Shriram General Insurance State Head Salary

10 - 19 years exp. (3 salaries)

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₹7.3 L/yr - ₹15 L/yr

arrow icon 44% less

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State Head salary at Magma HDI General Insurance ranges between ₹9.5 Lakhs to ₹28.5 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 39 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance State Head

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15 years exp.
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15 years exp.
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12 years exp.
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14 years exp.
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17 years exp.
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12 years exp.
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11 years exp.
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16 years exp.
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14 years exp.
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17 years exp.

Experience wise Magma HDI General Insurance State Head salaries

Last Updated: 18 Dec 2024

Experience Avg Annual Salary
10 years  (4 salaries)

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₹9.6 L/yr - ₹34.5 L/yr
11 years  (4 salaries)

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₹9.6 L/yr - ₹24 L/yr
12 years  (4 salaries)

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₹11 L/yr - ₹23.3 L/yr
13 years  (5 salaries)

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₹12 L/yr - ₹23 L/yr
14 years  (8 salaries)

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₹11 L/yr - ₹27 L/yr
View all

Similar Designation salaries in Magma HDI General Insurance

Team Lead Salary
(6 salaries)
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₹3 L/yr - ₹6.45 L/yr
Sales Manager Salary
(16 salaries)
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₹3.25 L/yr - ₹7.34 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
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₹2.8 L/yr - ₹4 L/yr
Branch Manager Salary
(11 salaries)
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₹5 L/yr - ₹9.25 L/yr
Area Manager Salary
(5 salaries)
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₹8.75 L/yr - ₹16.25 L/yr
Cluster Manager Salary
(10 salaries)
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₹6.2 L/yr - ₹9.5 L/yr
Deputy Manager Salary
(118 salaries)
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₹5.45 L/yr - ₹10.5 L/yr
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₹5.4 L/yr - ₹22.65 L/yr
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₹7.7 L/yr - ₹8.8 L/yr

Top skills at Magma HDI General Insurance for State Head

broking Heading Corporate Sales Agency Management OEM Sales LI GI Marketing Relationship Building

Salary related reviews for Magma HDI General Insurance

4.1

Rated by 7 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 .

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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.

  • 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.

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  • 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
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Magma HDI General Insurance State Head Salary FAQs

What is the salary of State Head at Magma HDI General Insurance?
State Head salary at Magma HDI General Insurance in India ranges between ₹9.5 Lakhs to ₹28.5 Lakhs for experience between 10 years to 17 years. According to our estimates it is 23% more than the average State Head Salary in India. Salary estimates are based on 39 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a State Head at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a State Head at Magma HDI General Insurance is 23% more than the average salary of a State Head in India. To know exact salary insights, login to view.
What are the top skills required to work as a State Head at Magma HDI General Insurance?
broking, Heading, Corporate Sales, Agency Management and OEM Sales are some of the popular skills required to work as a State Head at Magma HDI General Insurance India.
What is the salary of a State Head in companies similar to Magma HDI General Insurance in India?
  • SBI General Insurance State Head Salary - ₹15.7 Lakhs to ₹30.0 Lakhs per year
  • Bharti AXA Life Insurance State Head Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
  • Cholamandalam MS General Insurance State Head Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
  • Ageas Federal Life Insurance State Head Salary - ₹14.0 Lakhs to ₹20.6 Lakhs per year
  • Tata AIG State Head Salary - ₹14.5 Lakhs to ₹16.6 Lakhs per year
What is the estimated take home salary of a State Head at Magma HDI General Insurance in India?
The estimated take-home salary of a State Head at Magma HDI General Insurance ranges between ₹1,29,148 per month to ₹1,33,622 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance State Head salary in India which ranges between ₹9.5 Lakhs to ₹28.5 Lakhs per year for employees with experience between 10 years to 17 years. Check how did we calculate take home salary?
What is the notice period for State Head at Magma HDI General Insurance?
According to AmbitionBox, 69% of the Magma HDI General Insurance State Heads reported a notice period of 3 Months, 19% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance State Head salary in India ranges between ₹9.5 Lakhs to ₹28.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 39 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.