National Insurance Company Senior Divisional Manager Salaries by 4 Employees

12 - 15 years exp.

₹24.3 Lakhs - ₹40 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

63% more than the average Senior Divisional Manager Salary in Insurance Companies for 12 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Divisional Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹23.4 L/yr - ₹30 L/yr
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Sales & Business Development Senior Divisional Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹30 L/yr - ₹40 L/yr

Last Updated: 23 Mar 2023

Companies similar to National Insurance Company for Senior Divisional Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Senior Divisional Manager Salary 14 - 25 years exp. (26 salaries)	₹15 L/yr - ₹28.8 L/yr 19% less
Star Health & Allied Insurance Senior Divisional Manager Salary 6 - 20 years exp. (18 salaries)	₹5.9 L/yr - ₹13.4 L/yr 70% less
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United India Insurance Company Senior Divisional Manager Salary 15 - 32 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 35% less
Kotak Mahindara Life Insurance Senior Divisional Manager Salary 19 - 23 years exp. (7 salaries)	₹22 L/yr - ₹27 L/yr 13% less
The New India Assurance Co. Senior Divisional Manager Salary 21 - 33 years exp. (5 salaries)	₹16 L/yr - ₹35 L/yr 3% less

Senior Divisional Manager salary at National Insurance Company ranges between ₹24.3 Lakhs to ₹40 Lakhs per year for employees with experience between 12 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Senior Divisional Manager salaries

Last Updated: 23 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹28 L/yr - ₹55.7 L/yr
13 years (AmbitionBox Estimate)	₹30 L/yr - ₹55 L/yr
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14 years (AmbitionBox Estimate)	₹30 L/yr - ₹54.4 L/yr
15+ years (AmbitionBox Estimate)	₹10.8 L/yr - ₹40 L/yr

Similar Designation salaries in National Insurance Company

Regional Manager Salary

(6 salaries)

₹12 L/yr - ₹25.4 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Branch Manager Salary

(6 salaries)

₹11 L/yr - ₹15.1 L/yr

Deputy Manager Salary

(11 salaries)

₹17 L/yr - ₹25 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Salary related reviews for National Insurance Company

2.3

Rated by 2 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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Salary Discussions, Hike & Promotions

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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National Insurance Company Senior Divisional Manager Salary FAQs

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

The average salary of a Senior Divisional Manager at National Insurance Company in India typically ranges from ₹24.3 Lakhs to ₹40.0 Lakhs per year, depending on experience (from 12 years to 15 years).

The top 10% of Senior Divisional Manager at National Insurance Company earn more than ₹40.0 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Senior 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 4 National Insurance Company employees in India.

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

The estimated take-home salary of a Senior Divisional Manager at National Insurance Company in India typically ranges from ₹1,72,385 to ₹1,79,043 per month. This is based on the average salary range of ₹24.3 Lakhs to ₹40.0 Lakhs per year for employees with experience ranging from 12 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 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 Senior Divisional Manager in companies similar to National Insurance Company in India?

The salary of a Senior 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:

The New India Assurance Co.	₹16.0 Lakhs to ₹35.0 Lakhs per year
Kotak Mahindara Life Insurance	₹22.0 Lakhs to ₹27.0 Lakhs per year
SBI Life Insurance Company	₹15.0 Lakhs to ₹28.8 Lakhs per year
United India Insurance Company	₹13.0 Lakhs to ₹21.1 Lakhs per year
Star Health & Allied Insurance	₹5.9 Lakhs to ₹13.4 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 Senior Divisional Manager at National Insurance Company in India?

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

Experience	Average Salary Range
12 years	₹28.0 Lakhs to ₹55.7 Lakhs per year
13 years	₹30.0 Lakhs to ₹55.0 Lakhs per year
14 years	₹30.0 Lakhs to ₹54.4 Lakhs per year
15 years	₹10.8 Lakhs to ₹40.0 Lakhs per year

and so on.

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National Insurance Company Senior Divisional Manager Salaries

National Insurance Company Senior Divisional Manager salary in India ranges between ₹24.3 Lakhs to ₹40 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.