Reliance General Insurance Mumbai Area Manager Salaries by 4 Employees

10 - 18 years exp.

₹7.6 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% more than the average Area Manager Salary in Insurance Companies for 10 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.5 L/yr
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Customer Success, Service & Operations Area Manager Salary 18 years exp. (AmbitionBox Estimate)	₹12.2 L/yr - ₹21 L/yr

Last Updated: 3 Apr 2023

Companies similar to Reliance General Insurance for Area Manager in Mumbai

Reliance General Insurance Area Manager Salary

10 - 18 years exp. (4 salaries)

₹7.6 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (50 salaries)	₹7 L/yr - ₹12 L/yr 30% less	34 job openings
HDFC Life Area Manager Salary 11 years exp. (32 salaries)	₹13.3 L/yr - ₹19 L/yr 3% more
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Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (31 salaries)	₹5.3 L/yr - ₹9 L/yr 50% less
Tata AIA Life Insurance Area Manager Salary 6 - 16 years exp. (20 salaries)	₹6 L/yr - ₹17.7 L/yr 12% less	1 job opening
SBI Life Insurance Company Area Manager Salary 6 - 17 years exp. (15 salaries)	₹7.5 L/yr - ₹14.2 L/yr 30% less
Bajaj Allianz Life Insurance Area Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹13 L/yr 30% less
ICICI Lombard General Insurance Company Area Manager Salary 8 - 14 years exp. (8 salaries)	₹6.8 L/yr - ₹18.5 L/yr 1% more
Reliance Nippon Life Insurance Area Manager Salary 11 - 17 years exp. (6 salaries)	₹11 L/yr - ₹17 L/yr 4% more
Aditya Birla Health Insurance Co Area Manager Salary 10 - 13 years exp. (3 salaries)	₹10.3 L/yr - ₹13.5 L/yr 10% less

Area Manager salary at Reliance General Insurance ranges between ₹7.6 Lakhs to ₹21 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance General Insurance.

Experience wise Reliance General Insurance Area Manager salaries in Mumbai

Last Updated: 3 Apr 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
11 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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12 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
13 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
14 years (AmbitionBox Estimate)	₹12.9 L/yr - ₹16.5 L/yr
15+ years (3 salaries)	₹14.5 L/yr - ₹21 L/yr

View all

Similar Designation salaries in Reliance General Insurance

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Deputy Manager Salary

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₹3.18 L/yr - ₹6 L/yr

Cluster Manager Salary

(30 salaries)

₹6.7 L/yr - ₹17.5 L/yr

Business Manager Salary

(22 salaries)

₹7 L/yr - ₹12.25 L/yr

Regional Manager Salary

(4 salaries)

₹12.05 L/yr - ₹16.5 L/yr

Marketing Manager Salary

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₹10.06 L/yr - ₹18 L/yr

Salary related reviews for Reliance General Insurance

Area Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 06 Nov 2023

4.0

for Salary and Benefits

Likes

Depends on the Vertical and Reporting Manager. Bonus, The Remuneration part is very good

Salary - Good

Dislikes

Bonus amount has capping of 6 months. Notice period is 3 months. And Like and Dislikes depend upon the current manager.

Job security - Poor

+2 more

Deputy Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Jul 2023

2.0

for Salary and Benefits

Likes

Job surity

Dislikes

...ntives criteria. Company shall pay bonus on your based performance of the year. That is no pay such a big amount and company add the clause in your bonus. If you resign before six months company shall recovered your bonus amount.

Salary - Poor

+4 more

Cluster Manager in Kolkata

Sales & Business Development Department

5.0

• posted on 02 May 2022

5.0

for Salary and Benefits

Likes

More then 10 yrs I have worked with RGICL this is not easy to job in single co. For 10 yrs but I m saying heartily this is Exilent co . Working environment is very good ' HR and senior personality is very supportive ' in time of COVOD 19 Co is good support to our employee this is very good co. In GI sector if any body wish to join ' pls join without hesitate

Salary - Excellent

+6 more

Dislikes

# Bonus is good but come to late by 2-3 three months after finishing FY # 6Months bounding after receiving Bonus ' if you change completely Bonus part have to be refund to Co.

Cluster Manager (working remotely)

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 30 Dec 2022

1.0

for Salary and Benefits

Likes

...put you in unnecessary and unagreed employment bond at the time of of appraisal. It's in simple word , when you complete 1 year of hard work and eligible for bonus, they will tell you that you will have a 9 months bond. If you resign then they will hold your 3 months salary and will recover the same, so basically you alhave to serve notice without pay.

Dislikes

Nothing to like

Salary - Bad

+6 more

Sales Manager in Palakkad

Finance & Accounting Department

2.0

• posted on 15 Jun 2022

1.0

for Salary and Benefits

Likes

Of course paying incentives and salary on correct time . During covid time n all full salary was given.

Skill development - Excellent

+2 more

Dislikes

No salary hike as well as promotions,we cant exoect that. Apart from incentive you won’t get a career growth.

Salary - Bad

+1 more

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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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Reliance General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Reliance General Insurance in Mumbai?

The average salary of a Area Manager at Reliance General Insurance in Mumbai typically ranges from ₹7.6 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Area Manager in Mumbai at Reliance General Insurance earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Area Manager Salaries at Reliance General Insurance 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 Reliance General Insurance employees in India.

What is the estimated take home salary of a Area Manager at Reliance General Insurance in Mumbai?

The estimated take-home salary of a Area Manager at Reliance General Insurance in Mumbai typically ranges from ₹98,607 to ₹1,01,284 per month. This is based on the average salary range of ₹7.6 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 10 years to 18 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 Reliance General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Reliance General Insurance for Area Manager in India?

Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
HDFC Life	₹13.3 Lakhs to ₹19.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.8 Lakhs to ₹18.5 Lakhs per year

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

What is the salary of a Area Manager in companies similar to Reliance General Insurance in Mumbai?

The salary of a Area Manager at companies similar to Reliance General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹10.3 Lakhs to ₹13.5 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹14.2 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹13.0 Lakhs per year
ICICI Prudential Life Insurance	₹7.0 Lakhs to ₹12.0 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 Area Manager at Reliance General Insurance in Mumbai?

The salary growth for a Area Manager at Reliance General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Area Manager in Mumbai can expect the following growth trajectory at Reliance General Insurance:

Experience	Average Salary Range
10 years	₹11.5 Lakhs to ₹14.7 Lakhs per year
11 years	₹11.9 Lakhs to ₹15.2 Lakhs per year
12 years	₹12.2 Lakhs to ₹15.6 Lakhs per year
13 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

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Reliance General Insurance Area Manager Salaries in Mumbai

Reliance General Insurance Area Manager salary in Mumbai ranges between ₹7.6 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Reliance General Insurance latest salaries received from various employees of Reliance General Insurance.