Muthoot Finance Insurance Executive Salaries by 5 Employees

0 - 3 years exp.

₹1.8 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

14% less than the average Insurance Executive Salary in NBFC Companies for 0 - 3 years of experience

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Salaries in different departments

Finance & Accounting Insurance Executive Salary Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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Marketing & Communication Insurance Executive Salary 3 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 11 Mar 2023

Companies similar to Muthoot Finance for Insurance Executive

Company name	Avg Annual Salary	Open Jobs
Ess Kay Fincorp Insurance Executive Salary 1 - 5 years exp. (5 salaries)	₹1.4 L/yr - ₹2.1 L/yr 11% less
Sammaan Capital Limited Insurance Executive Salary 3 - 7 years exp. (5 salaries)	₹1.8 L/yr - ₹2.8 L/yr 13% more
Login to view exact salary
HDB Financial Services Insurance Executive Salary 0 - 2 years exp. (5 salaries)	₹1.4 L/yr - ₹2.5 L/yr 22% less
IIFL Finance Insurance Executive Salary 2 - 4 years exp. (4 salaries)	₹1 L/yr - ₹2.2 L/yr 18% less
TVS Credit Insurance Executive Salary 1 - 6 years exp. (4 salaries)	₹1.1 L/yr - ₹2.2 L/yr 38% less
SK Finance Limited Insurance Executive Salary 0 - 7 years exp. (4 salaries)	₹1.5 L/yr - ₹3.2 L/yr 2% less
Sundaram Finance Insurance Executive Salary 1 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹2.5 L/yr 10% less
Spandana Sphoorty Financial Insurance Executive Salary 1 - 4 years exp. (3 salaries)	₹2 L/yr - ₹2.1 L/yr 6% less
Aavas Financiers Insurance Executive Salary 1 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr 21% more

Insurance Executive salary at Muthoot Finance ranges between ₹1.8 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Insurance Executive salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2.3 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
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2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2 L/yr

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Computer Operator Salary

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Data Entry Operator Salary

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₹1.8 L/yr - ₹2.3 L/yr

Top skills at Muthoot Finance for Insurance Executive

Insurance Sales Insurance Sales Life Insurance Health Insurance Business Development Bancassurance Team Skills Channel Sales General Insurance Banking Banking Software Leadership Skills Customer Service Excel

Salary related reviews for Muthoot Finance

Deputy Manager in Rae Bareli

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2024

3.0

for Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Skill development - Good

+4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

Promotions - Poor

Deputy Manager in Bhubaneswar

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

Salary - Bad

+6 more

Customer Care Executive in Agra

Full Time

Sales & Business Development Department

2.0

• posted on 06 May 2023

2.0

for Salary and Benefits

Likes

I like about working at muthoot finance some policies are good..

Dislikes

I just share my review for muthoot finance there is some policies are not favour of staff like salary, promotion and leaves and holidays. There is old staff future is not bright because they are taking a lots of time for promotion and also salary is very low is this inflation time and new staff and old staff salary is mostly same.. there is second and fourth saturday is also working when most of the banks and NBFC is closed, festival holiday is so low.. so its not my request that is all staff request please understand the whole staff needs who working in muthoot finance ..some times they give the pressure to staff.. They have submitted the all staff original documents like marksheet so thats not correct..

Salary - Poor

+3 more

Customer Care Executive in Chandigarh

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Oct 2022

1.0

for Salary and Benefits

Likes

I like muthoot finance tranfer system..

Dislikes

Work culture , low salary and there are very poor promotion culture, target pressure .evry think is worst in muthoot finance that's why a lot of staff is leave job from muthoot

Salary - Bad

+6 more

Customer Care Executive in Anoopshahr (working remotely)

Full Time

Sales & Business Development Department

5.0

• posted on 20 Dec 2024

5.0

for Salary and Benefits

Likes

good work-life balance, consistent salary on time, strong job security, a positive work culture, good learning opportunities, attractive incentives, and the ability to work independently within their roles;

Salary - Excellent

+6 more

Dislikes

Strict Timings and Work Culture: Rigid work hours with limited flexibility, leading to complaints about work-life balance

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Finance Insurance Executive Salary FAQs

What is the salary of Insurance Executive at Muthoot Finance ?

The average salary of a Insurance Executive at Muthoot Finance in India typically ranges from ₹1.8 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Insurance Executive at Muthoot Finance earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Insurance Executive Salaries at Muthoot Finance 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 Muthoot Finance employees in India.

What is the estimated take home salary of a Insurance Executive at Muthoot Finance in India?

The estimated take-home salary of a Insurance Executive at Muthoot Finance in India typically ranges from ₹15,281 to ₹16,873 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Insurance Executive at Muthoot Finance ?

To be a Insurance Executive at Muthoot Finance in india, the key skills required include:

- Insurance
- Sales
- Insurance Sales
- Life Insurance
- Health Insurance

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Finance for Insurance Executive in India?

Aavas Financiers	₹2.5 Lakhs to ₹3.0 Lakhs per year
Sammaan Capital Limited	₹1.8 Lakhs to ₹2.8 Lakhs per year

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

What is the salary of a Insurance Executive in companies similar to Muthoot Finance in India?

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

SK Finance Limited	₹1.5 Lakhs to ₹3.2 Lakhs per year
Spandana Sphoorty Financial	₹2.0 Lakhs to ₹2.1 Lakhs per year
Sundaram Finance	₹1.2 Lakhs to ₹2.5 Lakhs per year
Ess Kay Fincorp	₹1.4 Lakhs to ₹2.1 Lakhs per year
IIFL Finance	₹1.0 Lakhs to ₹2.2 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 Executive at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹2.5 Lakhs per year
1 year	₹2.1 Lakhs to ₹2.6 Lakhs per year
2 years	₹1.9 Lakhs to ₹2.5 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.0 Lakhs per year

and so on.

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Muthoot Finance Insurance Executive Salaries by Location

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Muthoot Finance Insurance Executive Salaries

Muthoot Finance Insurance Executive salary in India ranges between ₹1.8 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Insurance Executive salaries in India

Companies similar to Muthoot Finance for Insurance Executive

Latest annual salaries shared by Muthoot Finance Insurance Executive

Experience wise Muthoot Finance Insurance Executive salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Insurance Executive

Salary related reviews for Muthoot Finance

Deputy Manager in Rae Bareli

Deputy Manager in Bhubaneswar

Customer Care Executive in Agra

Customer Care Executive in Chandigarh

Customer Care Executive in Anoopshahr (working remotely)

Muthoot Finance Insurance Executive Salary FAQs

Tell us how to improve this page.

Muthoot Finance Insurance Executive Salaries by Location