National Insurance Company Divisional Manager Salaries by 5 Employees

9 - 12 years exp.

₹12 Lakhs - ₹28 Lakhs

Low Confidence

Salary of majority employees

At par with the average Divisional Manager Salary in Insurance Companies for 9 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 11 - 12 years exp. (3 salaries)	₹18 L/yr - ₹28 L/yr
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Customer Success, Service & Operations Divisional Manager Salary 9 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr

Last Updated: 28 Mar 2024

Companies similar to National Insurance Company for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (70 salaries)	₹4 L/yr - ₹14 L/yr 55% less
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (37 salaries)	₹12 L/yr - ₹25 L/yr 9% more
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Kotak Mahindara Life Insurance Divisional Manager Salary 14 - 20 years exp. (9 salaries)	₹13 L/yr - ₹20 L/yr At par
Bajaj Allianz Life Insurance Divisional Manager Salary 3 - 16 years exp. (6 salaries)	₹3.4 L/yr - ₹9.5 L/yr 59% less
The New India Assurance Co. Divisional Manager Salary 12 - 24 years exp. (4 salaries)	₹10.7 L/yr - ₹22 L/yr 10% less
United India Insurance Company Divisional Manager Salary 9 - 13 years exp. (4 salaries)	₹12.5 L/yr - ₹23.2 L/yr At par
The Oriental Insurance Co. Divisional Manager Salary 10 - 15 years exp. (3 salaries)	₹12 L/yr - ₹13.4 L/yr 28% less
MDIndia Health Insurance TPA Divisional Manager Salary 4 - 8 years exp. (3 salaries)	₹2.9 L/yr - ₹4.5 L/yr 80% less

Divisional Manager salary at National Insurance Company ranges between ₹12 Lakhs to ₹28 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Divisional Manager salaries

Last Updated: 28 Mar 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹12 L/yr - ₹13.5 L/yr
10 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
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11 years (AmbitionBox Estimate)	₹18 L/yr - ₹34.6 L/yr
12 years (AmbitionBox Estimate)	₹18 L/yr - ₹28 L/yr

Similar Designation salaries in National Insurance Company

Regional Manager Salary

(6 salaries)

₹12 L/yr - ₹25.4 L/yr

Branch Manager Salary

(6 salaries)

₹11 L/yr - ₹15.1 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Deputy Manager Salary

(11 salaries)

₹17 L/yr - ₹25 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Sales Officer Salary

(3 salaries)

₹1.6 L/yr - ₹3 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Sales Executive Salary

(3 salaries)

₹1 L/yr - ₹2.04 L/yr

Business Development Executive Salary

(3 salaries)

₹4.5 L/yr - ₹4.8 L/yr

Salary related reviews for National Insurance Company

4.9

Rated by 5 employees for salary & benefits

Assistant in GHATSILA

BFSI, Investments & Trading Department

3.0

• posted on 28 May 2022

3.0

for Salary and Benefits

Likes

Being a PSU company job is some what secure till the time it does not get shut down by the government. Poor management, Company Policies are confusing, work culture is pathetic as it happens in the Government companies. Being a service provider company, service comes last in the priority list.

Promotions - Good

Dislikes

bureaucracy, dirty politics, stringent work - life balance, salary is ok-ok, work environment demoralizing, good opportunities for carrier growth, for job security the phrase is said as that the PSU Companies are born to die, so it depends on the policies of the government. poor training management. sync/competitiveness/proficiency/efficiency is missing in teammates which desires a lot. innovation is ok-ok.

Skill development - Bad

+3 more

Insurance Service Representative in Kerala

Administration & Facilities Department

5.0

• posted on 21 Jun 2022

5.0

for Salary and Benefits

Likes

Excellent work environment and excellent culture.Teammates are very supportive and management is very transparent.Company policies are provided to flexible customers.office staffs are very co-operative.

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is very slow.There is a lot of politics,and the management doesn't address our issues.on the job training is not given to freshers..

Manager

Production, Manufacturing & Engineering Department

4.0

• posted on 02 Mar 2018

5.0

for Salary and Benefits

Likes

... During that period I got 4 promotions and 3 transfers. I enjoyed various work. There is lots of scope for training, experience growth, salary + benifits. Transfers gave me chance to meet different people and different place. Work environment, innovation and career, depends on individual attitudes

Salary - Excellent

+6 more

Dislikes

Newly introduced online core Insurance(EASI) is not employees/customers friendly. Centralised system & so many stepping of authority.

Site Manager in Al Jubail

POWER DIVISION Department

4.0

• posted on 08 Aug 2017

4.0

for Salary and Benefits

Likes

I LIKE WORK IN POWER PROJECTS LIKE HIGH VOLTAGE GIS SUBSTATIONS.AL ARRAB IS A SAUDI BASED COMPANY WORKING FOR THE CONSTRUCTION OF GIS SUB-STATION AND MEP PROJECTS.

Salary - Good

+4 more

Dislikes

I DON'T LIKE IF THERE IS NO INCREMENT IN SALARY AFTER WORKING LONG TIME IN COMPANY.SHOULD MUST BE INCREMENT PER YEAR AS PER PERFORMANCE.

Administration Officer in Retired Now

Other Department

4.0

• posted on 16 Feb 2021

4.0

for Salary and Benefits

Likes

A prestigious company. Work culture good for both clients & staff, good salary and job satisfaction, good growth in friendly atmosphere, five days a week. Good for job seekers (if Govt. keeps it alive).

Salary - Good

+6 more

Dislikes

Nothing...

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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National Insurance Company Divisional Manager Salary FAQs

What is the salary of Divisional Manager at National Insurance Company ?

The average salary of a Divisional Manager at National Insurance Company in India typically ranges from ₹12.0 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Divisional Manager at National Insurance Company earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Divisional Manager Salaries at National Insurance Company 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 National Insurance Company employees in India.

What is the estimated take home salary of a Divisional Manager at National Insurance Company in India?

The estimated take-home salary of a Divisional Manager at National Insurance Company in India typically ranges from ₹1,18,545 to ₹1,21,866 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 9 years to 12 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 National Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than National Insurance Company for Divisional Manager in India?

SBI Life Insurance Company	₹12.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹13.0 Lakhs to ₹20.0 Lakhs per year

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

What is the salary of a Divisional Manager in companies similar to National Insurance Company in India?

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

United India Insurance Company	₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co.	₹10.7 Lakhs to ₹22.0 Lakhs per year
The Oriental Insurance Co.	₹12.0 Lakhs to ₹13.4 Lakhs per year
Star Health & Allied Insurance	₹4.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.4 Lakhs to ₹9.5 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 Divisional Manager at National Insurance Company in India?

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

Experience	Average Salary Range
9 years	₹12.0 Lakhs to ₹13.5 Lakhs per year
10 years	₹14.3 Lakhs to ₹18.3 Lakhs per year
11 years	₹18.0 Lakhs to ₹34.6 Lakhs per year
12 years	₹18.0 Lakhs to ₹28.0 Lakhs per year

and so on.

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National Insurance Company Divisional Manager Salaries

National Insurance Company Divisional Manager salary in India ranges between ₹12 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 National Insurance Company latest salaries received from various employees of National Insurance Company.