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National Insurance Company

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4.2

based on 208 Reviews

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National Insurance Company Salaries in Mumbai (Updated 2025)

based on 35 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading
Designation Avg Annual Salary Open Jobs

Accounts Officer

3 - 9 years exp. · Mumbai (4 salaries)
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₹3.6 L/yr - ₹4 L/yr

Deputy Manager

10 - 12 years exp. · Mumbai (4 salaries)
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₹21 L/yr - ₹24 L/yr

Senior Divisional Manager

12 - 15 years exp. · Mumbai (4 salaries)
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₹28 L/yr - ₹40 L/yr

Administration Officer

5 - 8 years exp. · Mumbai (3 salaries)
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₹6 L/yr - ₹8.7 L/yr

Senior Assistant

22 - 24 years exp. · Mumbai (3 salaries)
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₹4 L/yr - ₹6 L/yr

Personal Assistant

1 - 2 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr

Underwriting Specialist

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr

Insurance Business Analyst

8 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹10.4 L/yr - ₹13.2 L/yr

Assistant Manager Finance

8 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Senior Branch Manager

10 years exp. · Mumbai (AmbitionBox Estimate)
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₹18.5 L/yr - ₹20 L/yr

Analyst

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr

National Sales Head

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹1 L/yr - ₹1.3 L/yr

Divisional Manager

12 years exp. · Mumbai (AmbitionBox Estimate)
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₹12.5 L/yr - ₹28 L/yr

Assistant Manager

7 - 9 years exp. · Mumbai (4 salaries)
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₹11 L/yr - ₹16.5 L/yr

Manager

15 years exp. · Mumbai (AmbitionBox Estimate)
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₹7.5 L/yr - ₹30 L/yr

Field Officer

24 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Last Updated: 16 Jan, 2025

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peacemaker
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Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Salary related reviews for National Insurance Company

3.7

Rated by 8 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.

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  • 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.

read more
  • 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.

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  • 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..

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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

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  • Salary - Excellent
    • +6 more

Dislikes

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

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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.

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  • 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.

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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).

read more
  • Salary - Good
    • +6 more

Dislikes

Nothing...

see more salary related reviews

National Insurance Company interview questions by designations

Officer (1)Apprentice (1)Office Assistant (1)Chief Regional Manager (1)
View all 4 interview experiences

Know more about National Insurance Company Mumbai

More about working at National Insurance Company

National Insurance Company Salary FAQs

How much does National Insurance Company pay to its employees?
The average annual salary at National Insurance Company varies depending on the role, experience, and location. The salary ranges for some popular designations at National Insurance Company, are as follows:

Accounts Officer ₹3.6 Lakhs to ₹4 Lakhs per year
Deputy Manager ₹21 Lakhs to ₹24 Lakhs per year
Senior Divisional Manager ₹28 Lakhs to ₹40 Lakhs per year
Administration Officer ₹6 Lakhs to ₹8.7 Lakhs per year

The highest-paying role, Manager, earns between ₹7.5 Lakhs to ₹36.6 Lakhs per year. The top 10% of employees earn more than ₹18 Lakhs per year, and the top 1% earn over ₹40.4 Lakhs per year. 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 salary estimates are based on data from 35 salaries submitted by National Insurance Company employees. National Insurance Company is rated 3.7 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in National Insurance Company , Mumbai is INRunlock blur . Salary estimates are based on 30+ National Insurance Company latest salaries received from various employees of National Insurance Company.

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