National Insurance Company Insurance Manager Salaries by 4 Employees

6 - 32 years exp.

₹12.5 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

225% more than the average Insurance Manager Salary in Insurance Companies for 6 - 32 years of experience

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Last Updated: 23 Dec 2023

Companies similar to National Insurance Company for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (67 salaries)	₹0.6 L/yr - ₹5.3 L/yr 72% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 71% less
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Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 72% less
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹5 L/yr 74% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (26 salaries)	₹2.6 L/yr - ₹7.7 L/yr 65% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 70% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 70% less
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (18 salaries)	₹2.8 L/yr - ₹5 L/yr 74% less
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 67% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 71% less
Tata AIG Insurance Manager Salary 3 - 13 years exp. (9 salaries)	₹2.7 L/yr - ₹7.9 L/yr 59% 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 67% less
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 71% less
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 64% less
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 67% less
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 68% less
Iffco Tokio General Insurance Co. Insurance Manager Salary 6 - 15 years exp. (4 salaries)	₹7.4 L/yr - ₹9 L/yr 43% less
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.3 L/yr - ₹7.3 L/yr 65% less
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 50% less

Insurance Manager salary at National Insurance Company ranges between ₹12.5 Lakhs to ₹14 Lakhs per year for employees with experience between 6 years to 32 years. Salary estimates are based on 4 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Insurance Manager salaries

Last Updated: 23 Dec 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
7 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
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8 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
9 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
11 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
12 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
13 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
14 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.9 L/yr
15+ years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr

View all

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Deputy Manager Salary

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₹7.2 L/yr - ₹9.2 L/yr

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₹3.7 L/yr - ₹4.7 L/yr

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₹11.7 L/yr - ₹15 L/yr

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Salary related reviews for National Insurance Company

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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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 Insurance Manager Salary FAQs

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

The average salary of a Insurance Manager at National Insurance Company in India typically ranges from ₹12.5 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 6 years to 32 years).

The top 10% of Insurance Manager at National Insurance Company earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Insurance 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 4 National Insurance Company employees in India.

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

The estimated take-home salary of a Insurance Manager at National Insurance Company in India typically ranges from ₹91,873 to ₹94,332 per month. This is based on the average salary range of ₹12.5 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 6 years to 32 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 National Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a Insurance 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:

Iffco Tokio General Insurance Co.	₹7.4 Lakhs to ₹9.0 Lakhs per year
The New India Assurance Co.	₹1.2 Lakhs to ₹15.0 Lakhs per year
Tata AIG	₹2.7 Lakhs to ₹7.9 Lakhs per year
SBI General Insurance	₹2.4 Lakhs to ₹7.5 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 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 National Insurance Company in India?

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

Experience	Average Salary Range
6 years	₹11.7 Lakhs to ₹14.9 Lakhs per year
7 years	₹11.7 Lakhs to ₹14.9 Lakhs per year
8 years	₹11.7 Lakhs to ₹14.9 Lakhs per year
9 years	₹11.7 Lakhs to ₹14.9 Lakhs per year

and so on.

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National Insurance Company Insurance Manager Salaries

National Insurance Company Insurance Manager salary in India ranges between ₹12.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 National Insurance Company latest salaries received from various employees of National Insurance Company.