Maruti Insurance Broking Insurance Manager Salaries by 4 Employees (Updated 2024)

5 - 15 years exp.

₹3.1 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

25% more than the average Insurance Manager Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.1 L/yr
Product Management Insurance Manager Salary 10 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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Sales & Business Development Insurance Manager Salary 15 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 20 Jun 2023

Companies similar to Maruti Insurance Broking for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 15% less
Bajaj Allianz General Insurance Insurance Manager Salary 0 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹4.7 L/yr 18% less
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HDFC Ergo General Insurance Insurance Manager Salary 5 - 12 years exp. (10 salaries)	₹4 L/yr - ₹9.4 L/yr 20% more
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 20% less
Tata AIG Insurance Manager Salary 3 - 14 years exp. (8 salaries)	₹2.7 L/yr - ₹6.1 L/yr 14% less
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 29% more
National Insurance Company Insurance Manager Salary 6 - 32 years exp. (4 salaries)	₹12.5 L/yr - ₹14 L/yr 159% more
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (6 salaries)	₹2.4 L/yr - ₹7.5 L/yr 1% less
Future Generali India Life Insurance Insurance Manager Salary 1 - 10 years exp. (51 salaries)	₹1.2 L/yr - ₹6 L/yr 29% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (52 salaries)	₹2.5 L/yr - ₹5.5 L/yr 28% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 23% less
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ICICI Prudential Life Insurance Insurance Manager Salary 1 - 8 years exp. (16 salaries)	₹2.8 L/yr - ₹5 L/yr 31% less
Care Health Insurance Insurance Manager Salary 1 - 10 years exp. (10 salaries)	₹2.5 L/yr - ₹4.9 L/yr 32% less
Kotak Mahindra General Insurance Insurance Manager Salary 10 - 12 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 13% more

Insurance Manager salary at Maruti Insurance Broking ranges between ₹3.1 Lakhs to ₹7 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Maruti Insurance Broking.

Experience wise Maruti Insurance Broking Insurance Manager salaries

Last Updated: 20 Jun 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
8 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.1 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
13 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
14 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
15+ years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7 L/yr

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Similar Designation salaries in Maruti Insurance Broking

Deputy Manager Salary

(8 salaries)

₹10 L/yr - ₹16 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹7.1 L/yr - ₹9.1 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Territory Sales Manager Salary

(39 salaries)

₹5.2 L/yr - ₹16 L/yr

Sales Coordinator Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Sales Executive Salary

(3 salaries)

₹1.4 L/yr - ₹2.5 L/yr

MIS Executive Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Salary related reviews for Maruti Insurance Broking

Territory Sales Manager in New Delhi

Full Time

Sales & Business Development Department

5.0

• posted on 01 Aug 2018

4.0

for Salary and Benefits

Likes

I feel proud to be a part of Maruti Insurance broking Private limited. The company Provide the lot of opportunities to there employees also they are taking care of there employees in all the terms like in terms of working culuture, job security, salary, appraisal, allowances etc. Working environment of Maruti insurance is good, all the senior management and team of MI is supporting. MI is a good option for job seekers.

Dislikes

Compensation Provided by the company is decent but growth is slow. sometimes I need to travel the whole night for reaching at dealership on time next day. I also need to handle some of those dealers who are not in my territory.

Territory Sales Manager in Vasant Kunj Delhi

Sales Insurance Department

1.0

• posted on 20 Apr 2022

1.0

for Salary and Benefits

Likes

On time salary this is the only thing to like because maruti suzuki group handles the same and no salaries are delayed

Dislikes

No one is taking feedbacks and suggestions from the field team, Field sales team is only asked to follow orders from HO which is not fair. Forcefully things are being implemented on the clients.

Senior Executive in New Delhi

Mibpl Department

1.0

• posted on 13 May 2022

1.0

for Salary and Benefits

Likes

Just having Name of Maruti company is running, The services which they are providing i don't know why people are working with

Dislikes

No HR Support No Job Security Managers not having committed to what they say they changed there mood every 2nd day. Every time they were having less Staff and some else doing work No approval for asking leave, holidays are just to reimburse in the end. get ur reimbursement after 5-6 months Company is working on a portal that never works. i have to attend calls even after office hours and Saturday Sunday and resolve them

Telli Caller In General Insurance in Gotri,Vadodara, Gujrat

Full Time

Sales Department

5.0

• posted on 11 Sep 2022

4.0

for Salary and Benefits

Likes

I like understanding cooperation of colleagues to support and helping to learn their system as well approach to every situation to handle the costumers.

Dislikes

no dislike for better opportunity I move on.

Territory Sales Manager in Gurgaon / Gurugram

Fiancial products Department

4.0

• posted on 20 Jun 2020

4.0

for Salary and Benefits

Likes

They support you on every aspect of work. Be it family libalities company takes care of their employees. Even in this difficult Covid-19 times company has assured support to their employees.

Dislikes

Till far i have not disliked anything working with Maruti insurance broking pvt ltd.

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Salary Discussions, Hike & Promotions

a product owner

Salary -- Accepted Offer

I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Maruti Insurance Broking Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Maruti Insurance Broking?

Insurance Manager salary at Maruti Insurance Broking in India ranges between ₹3.1 Lakhs to ₹7.0 Lakhs for experience between 5 years to 15 years. According to our estimates it is 25% more than the average Insurance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Maruti Insurance Broking India.

How does the salary of a Insurance Manager at Maruti Insurance Broking India compare with the average salary range for this job?

The average salary of a Insurance Manager at Maruti Insurance Broking is 25% more than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Maruti Insurance Broking to a Insurance Manager in India?

National Insurance Company Insurance Manager Salary - ₹12.5 Lakhs to ₹14.0 Lakhs per year
The New India Assurance Co. Insurance Manager Salary - ₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
Kotak Mahindra General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year

What is the salary of a Insurance Manager in companies similar to Maruti Insurance Broking in India?

SBI General Insurance Insurance Manager Salary - ₹2.4 Lakhs to ₹7.5 Lakhs per year
Tata AIG Insurance Manager Salary - ₹2.7 Lakhs to ₹6.1 Lakhs per year
ICICI Lombard General Insurance Company Insurance Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz General Insurance Insurance Manager Salary - ₹2.5 Lakhs to ₹4.7 Lakhs per year
Reliance General Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Insurance Manager at Maruti Insurance Broking in India?

The estimated take-home salary of a Insurance Manager at Maruti Insurance Broking ranges between ₹37,732 per month to ₹38,931 per month in India. The take-home salary calculation is based on the average Maruti Insurance Broking Insurance Manager salary in India which ranges between ₹3.1 Lakhs to ₹7.0 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Insurance Manager at Maruti Insurance Broking?

According to AmbitionBox, 50% of the Maruti Insurance Broking Insurance Managers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Maruti Insurance Broking Insurance Manager Salaries

Maruti Insurance Broking Insurance Manager salary in India ranges between ₹3.1 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Maruti Insurance Broking latest salaries received from various employees of Maruti Insurance Broking.