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Magma HDI General Insurance Unit Sales Manager salaries in India

Annual salary range
1 - 8 years exp.
₹2.8 Lakhs - ₹5 Lakhs
Salary of majority employees
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29% less than the average Unit Sales Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Unit Sales Manager Salary
1 - 8 years exp. (7 salaries)
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₹3.5 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Unit Sales Manager Salary
1 - 8 years exp. (3 salaries)
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₹3.4 L/yr - ₹3.8 L/yr

Customer Success, Service & Operations
Unit Sales Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹4.4 L/yr

Healthcare & Life Sciences
Unit Sales Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹4.4 L/yr - ₹4.8 L/yr

Marketing & Communication
Unit Sales Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3 L/yr

Last Updated: 7 Nov 2024

Companies similar to Magma HDI General Insurance for Unit Sales Manager

Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹3.5 L/yr

arrow icon 25% less
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₹2.8 L/yr - ₹4.2 L/yr

arrow icon 6% less
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₹2.1 L/yr - ₹3.4 L/yr

arrow icon 23% less
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₹2.5 L/yr - ₹3.8 L/yr

arrow icon 13% less
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₹1.8 L/yr - ₹6 L/yr

arrow icon 20% less
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₹3.3 L/yr - ₹5.4 L/yr

arrow icon 19% more
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₹4.3 L/yr - ₹7 L/yr

arrow icon 73% more
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₹4.6 L/yr - ₹8.5 L/yr

arrow icon 78% more
Unit Sales Manager salary at Magma HDI General Insurance ranges between ₹2.8 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 20 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Unit Sales Manager

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7 years exp.
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Experience wise Magma HDI General Insurance Unit Sales Manager salaries

Last Updated: 7 Nov 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.4 L/yr - ₹3.8 L/yr
2 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.8 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹6.6 L/yr
5 years  (3 salaries)

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₹3.2 L/yr - ₹4.4 L/yr
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Similar Designation salaries in Magma HDI General Insurance

Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹42.3 L/yr - ₹54.1 L/yr
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₹4 L/yr - ₹6.2 L/yr
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₹7.7 L/yr - ₹8.8 L/yr
Sales Manager Salary
(18 salaries)
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₹3.25 L/yr - ₹7.34 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr
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₹6.65 L/yr - ₹14.5 L/yr
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₹5.4 L/yr - ₹22.65 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
Sales Officer Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

Top skills at Magma HDI General Insurance for Unit Sales Manager

Motor Insurance General Insurance Sales General Insurance Health Insurance Sales Agent Recruitment Agency Channel Insurance Insurance Sales broker Servicing agency development Insurance Broking

Salary related reviews for Magma HDI General Insurance

4.3

Rated by 10 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.

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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

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.

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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
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Magma HDI General Insurance Unit Sales Manager Salary FAQs

What is the salary of Unit Sales Manager at Magma HDI General Insurance ?
The average salary of a Unit Sales Manager at Magma HDI General Insurance in India typically ranges from ₹2.8 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Unit Sales Manager at Magma HDI General Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Unit Sales Manager 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 estimates are based on salary data submitted by 20+ Magma HDI General Insurance employees in India.
What is the estimated take home salary of a Unit Sales Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Unit Sales Manager at Magma HDI General Insurance in India typically ranges from ₹26,946 to ₹28,356 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Magma HDI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Unit Sales Manager at Magma HDI General Insurance ?
To be a Unit Sales Manager at Magma HDI General Insurance in india, the key skills required include:

  • - Motor Insurance
  • - General Insurance Sales
  • - General Insurance
  • - Health Insurance
  • - Sales

These skills are highly valued at Magma HDI General Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Magma HDI General Insurance for Unit Sales Manager in India?
Universal Sompo General Insurance ₹4.6 Lakhs to ₹8.5 Lakhs per year
Future Generali India Life Insurance ₹4.3 Lakhs to ₹7.0 Lakhs per year
Cholamandalam MS General Insurance ₹3.3 Lakhs to ₹5.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magma HDI General Insurance, depending on the role and experience level.
What is the salary of a Unit Sales Manager in companies similar to Magma HDI General Insurance in India?
The salary of a Unit Sales Manager at companies similar to Magma HDI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ManipalCigna Health Insurance ₹2.8 Lakhs to ₹4.2 Lakhs per year
CignaTTk Health Insurance ₹2.5 Lakhs to ₹3.8 Lakhs per year
SBI General Insurance ₹1.8 Lakhs to ₹6.0 Lakhs per year
Royal Sundaram General Insurance ₹2.1 Lakhs to ₹3.4 Lakhs per year
Aditya Birla Health Insurance Co ₹2.4 Lakhs to ₹3.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Unit Sales Manager at Magma HDI General Insurance in India?
The salary growth for a Unit Sales Manager at Magma HDI General Insurance depends on factors such as experience, performance, and promotions. On average, a Unit Sales Manager can expect the following growth trajectory at Magma HDI General Insurance:

Experience Average Salary Range
1 year ₹3.4 Lakhs to ₹3.8 Lakhs per year
2 years ₹1.4 Lakhs to ₹3.8 Lakhs per year
3 years ₹3.6 Lakhs to ₹6.5 Lakhs per year
4 years ₹3.1 Lakhs to ₹6.6 Lakhs per year
and so on.

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Magma HDI General Insurance Unit Sales Manager salary in India ranges between ₹2.8 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 20 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.