Manappuram Insurance Brokers Sales Manager Salaries by 5 Employees

0 - 5 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Salary of majority employees

56% less than the average Sales Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr
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Human Resources Sales Manager Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr

Last Updated: 14 Mar 2023

Companies similar to Manappuram Insurance Brokers for Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 1 - 12 years exp. (939 salaries)	₹2.5 L/yr - ₹10.6 L/yr 122% more	21 job openings
HDFC Life Sales Manager Salary 0 - 11 years exp. (697 salaries)	₹1.1 L/yr - ₹7.5 L/yr 54% more	4 job openings
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Axis Max Life Insurance Sales Manager Salary 0 - 10 years exp. (614 salaries)	₹2.7 L/yr - ₹6.2 L/yr 48% more	3 job openings
Reliance General Insurance Sales Manager Salary 0 - 14 years exp. (603 salaries)	₹1.9 L/yr - ₹8 L/yr 67% more	1 job opening
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (576 salaries)	₹2 L/yr - ₹11.4 L/yr 116% more
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (564 salaries)	₹2 L/yr - ₹6 L/yr 43% more	5 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 13 years exp. (556 salaries)	₹1.8 L/yr - ₹7 L/yr 49% more	69 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 8 years exp. (462 salaries)	₹2.6 L/yr - ₹5.1 L/yr 31% more
Tata AIG Sales Manager Salary 2 - 14 years exp. (297 salaries)	₹2.4 L/yr - ₹11.9 L/yr 114% more	2 job openings
HDFC Ergo General Insurance Sales Manager Salary 0 - 10 years exp. (285 salaries)	₹2.4 L/yr - ₹7.7 L/yr 42% more
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (243 salaries)	₹1.5 L/yr - ₹5 L/yr 1% less
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Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (239 salaries)	₹2.2 L/yr - ₹10.5 L/yr 101% more
Star Health & Allied Insurance Sales Manager Salary 0 - 10 years exp. (234 salaries)	₹0.6 L/yr - ₹6 L/yr 1% more
Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (209 salaries)	₹1.9 L/yr - ₹7 L/yr 11% more	16 job openings
Future Generali India Life Insurance Sales Manager Salary 0 - 9 years exp. (209 salaries)	₹2.2 L/yr - ₹6.3 L/yr 23% more	43 job openings
Cholamandalam MS General Insurance Sales Manager Salary 1 - 10 years exp. (194 salaries)	₹1.7 L/yr - ₹6 L/yr 34% more
Tata AIA Life Insurance Sales Manager Salary 4 - 11 years exp. (193 salaries)	₹2.8 L/yr - ₹9 L/yr 80% more	3 job openings
PNB MetLife Sales Manager Salary 1 - 9 years exp. (153 salaries)	₹2 L/yr - ₹8 L/yr 20% more	1 job opening
Bharti AXA Life Insurance Sales Manager Salary 1 - 12 years exp. (119 salaries)	₹2.1 L/yr - ₹7.4 L/yr 37% more	1 job opening
Canara HSBC Life Insurance Sales Manager Salary 3 - 12 years exp. (90 salaries)	₹3 L/yr - ₹8.8 L/yr 83% more

View all

Sales Manager salary at Manappuram Insurance Brokers ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Manappuram Insurance Brokers.

Experience wise Manappuram Insurance Brokers Sales Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr

View all

Similar Designation salaries in Manappuram Insurance Brokers

Area Sales Manager Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Deputy Manager Salary

(3 salaries)

₹4.6 L/yr - ₹5 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Regional Manager Salary

(4 salaries)

₹5.05 L/yr - ₹12 L/yr

Sales Executive Salary

(3 salaries)

₹2 L/yr - ₹2.5 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Business Development Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Salary related reviews for Manappuram Insurance Brokers

3.4

Rated by 2 employees for salary & benefits

Regional Head Sales in Kerala

Sales & Business Development Department

2.0

• posted on 26 Apr 2022

2.0

for Salary and Benefits

Likes

What good in this company is you can maintain your work life balance easily.

Job security - Excellent

+1 more

Dislikes

...or Management is not up to the mark. No proper future planning to grow business. Salary cutting issue. There is no satisfaction at all.

Salary - Poor

+4 more

Regional Head Sales

Sales & Business Development Department

1.0

• posted on 07 Jun 2020

1.0

for Salary and Benefits

Likes

Company Have not supported in the pandemic situation ,They have introduced revenue based Salary.Every one in the company suffering financial problems and work pressure is so high

Dislikes

200% Employer friendly company No support to employees in difficult situation

Salary - Bad

+6 more

Regional Manager - Corporate Sales in New Delhi

Corporate Sales Department

4.0

• posted on 01 Sep 2019

4.0

for Salary and Benefits

Likes

Timely Salary credit Kerala Head office trying to follow ISO rules while onboarding and Relieving of employees

Salary - Good

+2 more

Dislikes

Salary calculation processs and Salary slip format not in place as yet Responses from HR are very I frequent leaving concerns of employees unattended

Sales Manager in Davanagere

Insurance sales Bankassurance Department

4.0

• posted on 07 Jun 2019

3.0

for Salary and Benefits

Likes

Just simply ok dont expect much but company standards are good you can get all your Travell expenses updating through app

Skill development - Good

+3 more

Dislikes

It is based on local leaders so if they are good you will get more business the less stress if they are not focused you can't do anything

Senior Manager

Finance & Accounting Department

4.0

• posted on 11 Dec 2018

4.0

for Salary and Benefits

Likes

Wonderful experience, our CEO (Mr. Kamalakar) is a real inspiration for all young professionals who want to excel in their career. Overall pleasant experience

Salary - Good

+6 more

Dislikes

The current team can be more experienced and should have the hunger for learning, which seems missing for some people.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

84 participants . expiring in 3d

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Manappuram Insurance Brokers Sales Manager Salary FAQs

What is the salary of Sales Manager at Manappuram Insurance Brokers ?

The average salary of a Sales Manager at Manappuram Insurance Brokers in India typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Sales Manager at Manappuram Insurance Brokers earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales Manager Salaries at Manappuram Insurance Brokers 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 5 Manappuram Insurance Brokers employees in India.

What is the estimated take home salary of a Sales Manager at Manappuram Insurance Brokers in India?

The estimated take-home salary of a Sales Manager at Manappuram Insurance Brokers in India typically ranges from ₹22,269 to ₹23,749 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 5 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 5 salaries received from various employees of Manappuram Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Manappuram Insurance Brokers for Sales Manager in India?

Medi Assist India	₹1.9 Lakhs to ₹14.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹10.6 Lakhs per year
ICICI Lombard General Insurance Company	₹2.0 Lakhs to ₹11.4 Lakhs per year
Tata AIG	₹2.4 Lakhs to ₹11.9 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹10.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Manappuram Insurance Brokers, depending on the role and experience level.

What is the salary of a Sales Manager in companies similar to Manappuram Insurance Brokers in India?

The salary of a Sales Manager at companies similar to Manappuram Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Canara HSBC Life Insurance	₹3.0 Lakhs to ₹8.8 Lakhs per year
Tata AIA Life Insurance	₹2.8 Lakhs to ₹9.0 Lakhs per year
Reliance General Insurance	₹1.9 Lakhs to ₹8.0 Lakhs per year
HDFC Life	₹1.1 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance	₹1.8 Lakhs to ₹7.0 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 Sales Manager at Manappuram Insurance Brokers in India?

The salary growth for a Sales Manager at Manappuram Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at Manappuram Insurance Brokers:

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Manappuram Insurance Brokers Sales Manager Salaries

Manappuram Insurance Brokers Sales Manager salary in India ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Manappuram Insurance Brokers latest salaries received from various employees of Manappuram Insurance Brokers.