ManipalCigna Health Insurance Insurance Manager Salaries by 4 Employees

6 - 14 years exp.

₹3.5 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

15% more than the average Insurance Manager Salary in Insurance Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 10 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
Marketing & Communication Insurance Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
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Sales & Business Development Insurance Manager Salary 13 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr

Last Updated: 7 Oct 2024

Companies similar to ManipalCigna Health Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
Future Generali India Life Insurance Insurance Manager Salary 1 - 6 years exp. (47 salaries)	₹1 L/yr - ₹6 L/yr 30% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 16% less
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Cholamandalam MS General Insurance Insurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.9 L/yr 7% less
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 1% more
Star Union Dai-ichi Life Insurance Insurance Manager Salary 3 - 8 years exp. (7 salaries)	₹2.1 L/yr - ₹3.6 L/yr 29% less
Bharti AXA Life Insurance Insurance Manager Salary 2 - 8 years exp. (6 salaries)	₹2.8 L/yr - ₹5.4 L/yr 12% less
Aviva Life Insurance India Insurance Manager Salary 4 - 10 years exp. (5 salaries)	₹3.3 L/yr - ₹5.5 L/yr 12% less
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 8% less
Ageas Federal Life Insurance Insurance Manager Salary 5 - 12 years exp. (4 salaries)	₹4 L/yr - ₹8.5 L/yr 33% more
Magma HDI General Insurance Insurance Manager Salary 0 - 15 years exp. (4 salaries)	₹3.7 L/yr - ₹6 L/yr 1% more
Bajaj Capital Insurance Insurance Manager Salary 5 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹4.5 L/yr 27% less
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Liberty General Insurance Insurance Manager Salary 1 - 15 years exp. (4 salaries)	₹2.6 L/yr - ₹10.4 L/yr 24% more

Insurance Manager salary at ManipalCigna Health Insurance ranges between ₹3.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of ManipalCigna Health Insurance.

Experience wise ManipalCigna Health Insurance Insurance Manager salaries

Last Updated: 7 Oct 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
10 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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13 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
14 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr

Similar Designation salaries in ManipalCigna Health Insurance

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(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Area Manager Salary

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₹6 L/yr - ₹15 L/yr

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₹4 L/yr - ₹13.12 L/yr

Sales Manager Salary

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₹3 L/yr - ₹6 L/yr

Area Sales Manager Salary

(9 salaries)

₹7.5 L/yr - ₹11.15 L/yr

Territory Manager Salary

(3 salaries)

₹3.6 L/yr - ₹6 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹7.9 L/yr - ₹10.1 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.9 L/yr

Relationship Manager Salary

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₹2.7 L/yr - ₹6 L/yr

Salary related reviews for ManipalCigna Health Insurance

Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 25 Jul 2024

1.0

for Salary and Benefits

Likes

Managers behaviour is good, specialy my manager was very gentleman

Dislikes

Low salary,there is no goalsheet for promotion,every month you get different target and you never know your next months target, office premises is very short,training room too short,there is no pantry room,leave policy is horrible, Saturday timing is 9.30 to 1.30,but every Saturday you have be in office till 4-5 pm

Salary - Bad

+4 more

Relationship Manager in Bhopal

Sales & Marketing Department

5.0

• posted on 31 Jan 2021

4.0

for Salary and Benefits

Likes

Good environment and support of team members and nice transparency from management side company's policy are good every year bonus from company side

Salary - Good

+6 more

Dislikes

Salary is not decent and also effective for my career growth the management doesn't address some important issues

MIS Executive

Business operations Department

3.0

• posted on 15 Nov 2019

1.0

for Salary and Benefits

Likes

Company good for only onroll employees ,offroll employees are not getting any of the company benefit like, Diwali bonus/annual bonus, Saturday working, all about to say they only taken the net salary, and not any other company benefit I am unhappy as a offroll employee. and there is lots of politics. And it's very hard to growth for offroll employees.

Dislikes

I am unhappy as a offroll employee , there is no growth for offroll employees there is lots of politics, and partiality with offroll employees.

Salary - Bad

+3 more

Agency Manager in Tirupati

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Job security - Excellent

+1 more

Dislikes

Full of politics No proper growth No proper pay No clarity on plans Branch manager will be not having any product knowledge just asked us to close the leads with fake information to customers Targeting HR will listen you if u r above branch manager she won't give reply if u less than branch manager No proper channel for complaints

Salary - Bad

+4 more

Assistant Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 09 Dec 2023

2.0

for Salary and Benefits

Likes

The culture is somehow very friendly

Skill development - Good

+3 more

Dislikes

...here the top management is protected even if some of them are outright are evil. Poor compensation structure. No benefits/perks at all. Very small workspace. People do not have space to sit. And even then work from home is not an option

Salary - Poor

see more salary related reviews

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ManipalCigna Health Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at ManipalCigna Health Insurance ?

The average salary of a Insurance Manager at ManipalCigna Health Insurance in India typically ranges from ₹3.5 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Insurance Manager at ManipalCigna Health Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Insurance Manager Salaries at ManipalCigna Health 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 4 ManipalCigna Health Insurance employees in India.

What is the estimated take home salary of a Insurance Manager at ManipalCigna Health Insurance in India?

The estimated take-home salary of a Insurance Manager at ManipalCigna Health Insurance in India typically ranges from ₹34,351 to ₹35,600 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 6 years to 14 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 4 salaries received from various employees of ManipalCigna Health Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ManipalCigna Health Insurance for Insurance Manager in India?

Ageas Federal Life Insurance	₹4.0 Lakhs to ₹8.5 Lakhs per year
Liberty General Insurance	₹2.6 Lakhs to ₹10.4 Lakhs per year
SBI General Insurance	₹2.4 Lakhs to ₹7.5 Lakhs per year
Magma HDI General Insurance	₹3.7 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Insurance Manager in companies similar to ManipalCigna Health Insurance in India?

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

Cholamandalam MS General Insurance	₹3.0 Lakhs to ₹5.9 Lakhs per year
Aditya Birla Health Insurance Co	₹3.8 Lakhs to ₹4.7 Lakhs per year
Aviva Life Insurance India	₹3.3 Lakhs to ₹5.5 Lakhs per year
Bharti AXA Life Insurance	₹2.8 Lakhs to ₹5.4 Lakhs per year
Axis Max Life Insurance	₹2.3 Lakhs to ₹5.0 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 Insurance Manager at ManipalCigna Health Insurance in India?

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

Experience	Average Salary Range
6 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
10 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
13 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
14 years	₹4.4 Lakhs to ₹5.6 Lakhs per year

and so on.

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ManipalCigna Health Insurance Insurance Manager Salaries

ManipalCigna Health Insurance Insurance Manager salary in India ranges between ₹3.5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ManipalCigna Health Insurance latest salaries received from various employees of ManipalCigna Health Insurance.