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4.2

based on 7.1k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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Maruti Suzuki Insurance Manager salaries in India

Annual salary range
3 - 17 years exp.
₹2.2 Lakhs - ₹6 Lakhs
Salary of majority employees
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5% less than the average Insurance Manager Salary in Automobile Companies for 3 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Manager Salary
13 - 15 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹4.5 L/yr

Customer Success, Service & Operations
Insurance Manager Salary
4 - 17 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹6 L/yr

Human Resources
Insurance Manager Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.3 L/yr

Sales & Business Development
Insurance Manager Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.3 L/yr

Last Updated: 15 Dec 2024

Companies similar to Maruti Suzuki for Insurance Manager

Company name Avg Annual Salary Open Jobs
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Tata Motors Insurance Manager Salary

4 - 7 years exp. (4 salaries)

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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 24% less
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Mahindra & Mahindra Insurance Manager Salary

0 - 8 years exp. (5 salaries)

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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 39% less
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Nexa Insurance Manager Salary

10 - 14 years exp. (5 salaries)

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₹3 L/yr - ₹5 L/yr

arrow icon 7% more
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₹1.9 L/yr - ₹3.2 L/yr

arrow icon 19% less
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Nissan Insurance Manager Salary

2 - 11 years exp. (4 salaries)

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₹3 L/yr - ₹4.3 L/yr

arrow icon 11% less
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Renault Insurance Manager Salary

3 - 9 years exp. (4 salaries)

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₹1.8 L/yr - ₹3.1 L/yr

arrow icon 39% less
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₹3.6 L/yr - ₹4.8 L/yr

arrow icon 7% more
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Kia Motors Insurance Manager Salary

3 - 6 years exp. (3 salaries)

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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 25% less
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Ford Motor Insurance Manager Salary

3 - 8 years exp. (3 salaries)

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₹1 L/yr - ₹2.5 L/yr

arrow icon 55% less
Insurance Manager salary at Maruti Suzuki ranges between ₹2.2 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 17 years. Salary estimates are based on 11 latest salaries received from various employees of Maruti Suzuki.

Latest annual salaries shared by Maruti Suzuki Insurance Manager

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8 years exp.
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17 years exp.
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6 years exp.
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Experience wise Maruti Suzuki Insurance Manager salaries

Last Updated: 15 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹6.2 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹6.3 L/yr
5 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹6.6 L/yr
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Similar Designation salaries in Maruti Suzuki

Branch Manager Salary
(8 salaries)
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₹2.5 L/yr - ₹6.7 L/yr
Store Manager Salary
(3 salaries)
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₹3 L/yr - ₹3.78 L/yr
Area Manager Salary
(28 salaries)
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₹15 L/yr - ₹45 L/yr
Deputy Manager Salary
(2.2k salaries)
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₹9.69 L/yr - ₹22.5 L/yr
Sales Manager Salary
(73 salaries)
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₹1.3 L/yr - ₹7.92 L/yr
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₹11.11 L/yr - ₹35 L/yr
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₹10 L/yr - ₹48.53 L/yr
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₹9 L/yr - ₹28 L/yr
Branch Sales Manager Salary
(AmbitionBox Estimate)
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₹4.8 L/yr - ₹6.1 L/yr
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₹1.9 L/yr - ₹7 L/yr

Top skills at Maruti Suzuki for Insurance Manager

Insurance Claims Management Insurance Legal Excel Survey Powerpoint Marine Insurance Underwriting

Salary related reviews for Maruti Suzuki

4.1

Rated by 2 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 27 Nov 2024

4.0
 for  Salary and Benefits

Likes

Good money and perks

Dislikes

Pseudo growth as in - your salary will grow but even after 15 years you'll be doing the same work. Pathetic work culture in sales- Promotion is not at all KRA driven but upon managers discretion Transfer policy totally unfriendly to all even high performing employees Bureaucratic nature of work with no power to an employee - you just communicate what seniors have told- and even share the blame of others. Leave approval even for genuine reasons is questionable Long working hours 9-9 almost daily Saturday - holiday is a hoax.

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Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 26 Aug 2023

5.0
 for  Salary and Benefits

Likes

Job security and salary is at par with industry.

Dislikes

Getting a team lead role is really difficult in maruti. You don't get promotion even if you have a telent. There experience and age at times is given a priority over telent. Your colleague who is 1 year senior to you may be given a better grade just to promote him (eve. Though you both belongs to same group)

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Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 16 Sep 2023

3.0
 for  Salary and Benefits

Likes

The best behaviour with staff members and if uh want to earn much more and you are fresher then just move forward to it

Dislikes

Every was quite good but the basic salary is not so ok but have so much to earn in sales

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Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 08 Mar 2023

3.0
 for  Salary and Benefits

Likes

1. From learning perspective MSIL is a good company as they have many models.

Dislikes

1. Work pressure is high but compensation is not that good. 2. Working hours are very high. 3. Work life balance is not good.

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Full Time

 · 

Research & Development Department

3.0
  •  posted on 12 May 2023

5.0
 for  Salary and Benefits

Likes

- Employee benefits - YoY hike & Variable pay - Good for beginners for their learnings and automotive exposure - Highly encouraged for doing innovative stuffs - Person who want to stabilise financially, MSIL is a good option (decide based on the dislikes section)

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Dislikes

- Worst Work culture - Company culture won't fit for experienced persons - Top level management is highly conservative and show Arrogance attitude - Weakened HR department - High level of Micro Management - Top management people won't consider you as an employee rather a slave - Hierarchical mindset - Leader/boss delegate the pressure (from their seniors) to all levels - Played good & bad cop game during notice period - Located in the highly air and water polluted region (not preferable for who have lungs related disease, more prone to PM2.5 further may reduce their lifespan) The above points were experienced personally for the tenure of 5 years. I hope this review may save atleast one person from toxic environment.

read more
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Maruti Suzuki Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Maruti Suzuki?
Insurance Manager salary at Maruti Suzuki in India ranges between ₹2.2 Lakhs to ₹6.0 Lakhs for experience between 3 years to 17 years. According to our estimates it is 5% less than the average Insurance Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Maruti Suzuki India.
How does the salary of a Insurance Manager at Maruti Suzuki India compare with the average salary range for this job?
The average salary of a Insurance Manager at Maruti Suzuki is 5% less than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Insurance Manager at Maruti Suzuki?
Insurance Claims, Management, Insurance, Legal and Excel are some of the popular skills required to work as a Insurance Manager at Maruti Suzuki India.
Which similar companies are paying more than Maruti Suzuki to a Insurance Manager in India?
  • Automotive Manufacturers Insurance Manager Salary - ₹3.6 Lakhs to ₹4.8 Lakhs per year
  • Nexa Insurance Manager Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Insurance Manager in companies similar to Maruti Suzuki in India?
  • Nissan Insurance Manager Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year
  • Hyundai Motor India Limited Insurance Manager Salary - ₹1.9 Lakhs to ₹3.2 Lakhs per year
  • Tata Motors Insurance Manager Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
  • Kia Motors Insurance Manager Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
  • Mahindra & Mahindra Insurance Manager Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Insurance Manager at Maruti Suzuki in India?
The estimated take-home salary of a Insurance Manager at Maruti Suzuki ranges between ₹28,306 per month to ₹29,695 per month in India. The take-home salary calculation is based on the average Maruti Suzuki Insurance Manager salary in India which ranges between ₹2.2 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 17 years. Check how did we calculate take home salary?
What is the notice period for Insurance Manager at Maruti Suzuki?
According to AmbitionBox, 78% of the Maruti Suzuki Insurance Managers reported a notice period of 15 days or less, 11% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Maruti Suzuki Insurance Manager salary in India ranges between ₹2.2 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 Maruti Suzuki latest salaries received from various employees of Maruti Suzuki.