National Insurance Company Manager Salaries by 6 Employees (Updated 2025)

3 - 15 years exp.

₹7.5 Lakhs - ₹36.6 Lakhs

Low Confidence

Salary of majority employees

32% more than the average Manager Salary in Insurance Companies for 3 - 15 years of experience

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Salaries in different departments

Finance & Accounting Manager Salary 3 - 15 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹30 L/yr
BFSI, Investments & Trading Manager Salary 11 years exp. (AmbitionBox Estimate)	₹22.5 L/yr - ₹27.5 L/yr
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Customer Success, Service & Operations Manager Salary 13 years exp. (AmbitionBox Estimate)	₹36.9 L/yr - ₹45.1 L/yr

Last Updated: 11 Jan 2025

Companies similar to National Insurance Company for Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (558 salaries)	₹2.8 L/yr - ₹8.5 L/yr 75% less
HDFC Life Manager Salary 2 - 16 years exp. (464 salaries)	₹4 L/yr - ₹15.6 L/yr 58% less	1 job opening
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Tata AIG Manager Salary 1 - 11 years exp. (392 salaries)	₹3.7 L/yr - ₹11 L/yr 69% less	7 job openings
SBI Life Insurance Company Manager Salary 3 - 20 years exp. (297 salaries)	₹4.9 L/yr - ₹17 L/yr 51% less
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (291 salaries)	₹3.5 L/yr - ₹12 L/yr 64% less
Tata AIA Life Insurance Manager Salary 3 - 18 years exp. (252 salaries)	₹5.9 L/yr - ₹23.7 L/yr 33% less	2 job openings
ICICI Lombard General Insurance Company Manager Salary 2 - 15 years exp. (269 salaries)	₹3 L/yr - ₹12.2 L/yr 68% less
Axis Max Life Insurance Manager Salary 5 - 15 years exp. (283 salaries)	₹3.3 L/yr - ₹14 L/yr 62% less	4 job openings
Aditya Birla Health Insurance Co Manager Salary 1 - 12 years exp. (206 salaries)	₹5 L/yr - ₹17 L/yr 54% less
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (190 salaries)	₹5.5 L/yr - ₹22 L/yr 39% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (190 salaries)	₹3.8 L/yr - ₹15 L/yr 57% less
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Iffco Tokio General Insurance Co. Manager Salary 4 - 19 years exp. (172 salaries)	₹5.6 L/yr - ₹16 L/yr 51% less
Reliance General Insurance Manager Salary 2 - 16 years exp. (160 salaries)	₹3.5 L/yr - ₹11.5 L/yr 66% less
Star Health & Allied Insurance Manager Salary 1 - 14 years exp. (138 salaries)	₹2.8 L/yr - ₹12 L/yr 68% less
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (126 salaries)	₹2.8 L/yr - ₹10.1 L/yr 72% less
Cholamandalam MS General Insurance Manager Salary 3 - 14 years exp. (112 salaries)	₹3.1 L/yr - ₹12.5 L/yr 65% less
SBI General Insurance Manager Salary 1 - 13 years exp. (108 salaries)	₹5.6 L/yr - ₹15 L/yr 61% less
Canara HSBC Life Insurance Manager Salary 7 - 14 years exp. (90 salaries)	₹7 L/yr - ₹23.5 L/yr 37% less
MetLife Manager Salary 12 - 19 years exp. (89 salaries)	₹14 L/yr - ₹52 L/yr 37% more
PNB MetLife Manager Salary 7 - 17 years exp. (73 salaries)	₹4.8 L/yr - ₹15.5 L/yr 51% less	1 job opening

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Manager salary at National Insurance Company ranges between ₹7.5 Lakhs to ₹36.6 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 6 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Manager salaries

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹7.5 L/yr
4 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
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5 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.6 L/yr
6 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.4 L/yr
7 years (AmbitionBox Estimate)	₹15 L/yr - ₹19.1 L/yr
8 years (AmbitionBox Estimate)	₹18.6 L/yr - ₹34.3 L/yr
9 years (AmbitionBox Estimate)	₹19.3 L/yr - ₹24.7 L/yr
10 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
11 years (AmbitionBox Estimate)	₹25 L/yr - ₹47.4 L/yr
12 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹30 L/yr
13 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹41 L/yr
14 years (AmbitionBox Estimate)	₹30.2 L/yr - ₹38.6 L/yr
15+ years (AmbitionBox Estimate)	₹30 L/yr - ₹64.8 L/yr

View all

Similar Designation salaries in National Insurance Company

Deputy Manager Salary

(12 salaries)

₹17 L/yr - ₹25 L/yr

Deputy General Manager Salary

(AmbitionBox Estimate)

₹93.1 L/yr - ₹102.9 L/yr

Chartered Accountant Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for National Insurance Company

5.0

Rated by 2 employees for salary & benefits

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.

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..

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...

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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National Insurance Company Manager Salary FAQs

What is the salary of Manager at National Insurance Company ?

The average salary of a Manager at National Insurance Company in India typically ranges from ₹7.5 Lakhs to ₹36.6 Lakhs per year, depending on experience (from 3 years to 15 years).

The top 10% of Manager at National Insurance Company earn more than ₹39.9 Lakhs per year, and the top 1% earn over ₹41.0 Lakhs per year. 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 6 National Insurance Company employees in India.

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

The estimated take-home salary of a Manager at National Insurance Company in India typically ranges from ₹1,39,896 to ₹1,45,085 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹36.6 Lakhs per year for employees with experience ranging from 3 years to 15 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 6 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 Manager in India?

Allstate	₹21.0 Lakhs to ₹60.0 Lakhs per year
MetLife	₹14.0 Lakhs to ₹52.0 Lakhs per year
First American Corporation	₹11.7 Lakhs to ₹30.0 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 Manager in companies similar to National Insurance Company in India?

The salary of a 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:

XL Catlin	₹13.0 Lakhs to ₹27.0 Lakhs per year
United India Insurance Company	₹10.0 Lakhs to ₹26.0 Lakhs per year
The Oriental Insurance Co.	₹7.0 Lakhs to ₹20.0 Lakhs per year
Guardian India	₹10.8 Lakhs to ₹19.5 Lakhs per year
Tata AIA Life Insurance	₹5.9 Lakhs to ₹23.7 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 Manager at National Insurance Company in India?

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

Experience	Average Salary Range
3 years	₹7.5 Lakhs to ₹7.5 Lakhs per year
4 years	₹8.4 Lakhs to ₹10.8 Lakhs per year
5 years	₹10.6 Lakhs to ₹13.6 Lakhs per year
6 years	₹12.8 Lakhs to ₹16.4 Lakhs per year

and so on.

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National Insurance Company Manager Salaries

National Insurance Company Manager salary in India ranges between ₹7.5 Lakhs to ₹36.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 National Insurance Company latest salaries received from various employees of National Insurance Company.