Royal Sundaram General Insurance Area Head Salaries by 5 Employees

10 - 15 years exp.

₹11 Lakhs - ₹15.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% more than the average Area Head Salary in Insurance Companies for 10 - 15 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development Area Head Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹15.3 L/yr
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BFSI, Investments & Trading Area Head Salary 15 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 15 Jul 2024

Companies similar to Royal Sundaram General Insurance for Area Head

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Area Head Salary 6 - 18 years exp. (253 salaries)	₹4.6 L/yr - ₹16.5 L/yr 26% less
Axis Max Life Insurance Area Head Salary 6 - 17 years exp. (158 salaries)	₹5.4 L/yr - ₹15 L/yr 21% less	1 job opening
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Star Union Dai-ichi Life Insurance Area Head Salary 11 - 20 years exp. (44 salaries)	₹9.3 L/yr - ₹17 L/yr 5% less
Future Generali India Life Insurance Area Head Salary 9 - 19 years exp. (37 salaries)	₹7.5 L/yr - ₹17 L/yr 6% less	1 job opening
Bharti AXA Life Insurance Area Head Salary 9 - 19 years exp. (30 salaries)	₹8 L/yr - ₹11 L/yr 27% less
Edelweiss Life Insurance Area Head Salary 7 - 17 years exp. (21 salaries)	₹8.8 L/yr - ₹13.3 L/yr 5% less
Aditya Birla Health Insurance Co Area Head Salary 9 - 20 years exp. (14 salaries)	₹8 L/yr - ₹16.5 L/yr 13% less
IndiaFirst Life Insurance Area Head Salary 13 - 21 years exp. (11 salaries)	₹9 L/yr - ₹13 L/yr 23% less
Magma HDI General Insurance Area Head Salary 4 - 17 years exp. (6 salaries)	₹18.6 L/yr - ₹20.3 L/yr 53% more
ManipalCigna Health Insurance Area Head Salary 13 - 18 years exp. (5 salaries)	₹10 L/yr - ₹11.5 L/yr 16% less
Aviva Life Insurance India Area Head Salary 5 - 16 years exp. (4 salaries)	₹8.5 L/yr - ₹15 L/yr 7% less
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Area Head salary at Royal Sundaram General Insurance ranges between ₹11 Lakhs to ₹15.3 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Royal Sundaram General Insurance.

Experience wise Royal Sundaram General Insurance Area Head salaries

Last Updated: 15 Jul 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹13 L/yr - ₹25.2 L/yr
11 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
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12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹15.3 L/yr
13 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹22.3 L/yr
14 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
15+ years (AmbitionBox Estimate)	₹11 L/yr - ₹20.4 L/yr

View all

Similar Designation salaries in Royal Sundaram General Insurance

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Area Manager Salary

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₹9 L/yr - ₹18.5 L/yr

Sales Manager Salary

(18 salaries)

₹1.8 L/yr - ₹8.87 L/yr

Branch Manager Salary

(24 salaries)

₹4.5 L/yr - ₹11 L/yr

Area Sales Manager Salary

(76 salaries)

₹5.5 L/yr - ₹14.64 L/yr

Sales Officer Salary

(24 salaries)

₹1 L/yr - ₹4.6 L/yr

Sales Executive Salary

(25 salaries)

₹1.5 L/yr - ₹5 L/yr

Deputy Manager Salary

(11 salaries)

₹12 L/yr - ₹17.39 L/yr

Regional Manager Salary

(6 salaries)

₹18.83 L/yr - ₹21 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹10.7 L/yr - ₹13.7 L/yr

Salary related reviews for Royal Sundaram General Insurance

Territory Sales Manager in Kolkata

Full Time

Merchandising, Retail & eCommerce Department

1.0

• posted on 06 Feb 2024

4.0

for Salary and Benefits

Likes

Products are good to promote. Salary is good.

Salary - Good

Dislikes

HR is reactive and not supportive to employees. Management is not mature to run the show. No one is ready to listen new ideas. Induction has done after 89 days from joining.

Skill development - Bad

+4 more

Sales Manager in Tirunelveli

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Jul 2023

3.0

for Salary and Benefits

Likes

Royal sundaram working environment & culture is very nice. Excellent customer support & one most unique of South based company.

Job security - Good

+1 more

Dislikes

...motion & appraisal top level only , minimum branch level manager & senior only . Field Managers got too low bonus amount & salary hike percentage every year.

Promotions - Poor

Sales Officer in Mumbai

Sales & Business Development Department

3.0

• posted on 15 Oct 2021

2.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Comapany policies are good,appraisals are fair and they give good salary hike

Skill development - Good

+2 more

Dislikes

There is a lot of politics and the management doesn't address our issues ,salary is decent but career growth is slow

Salary - Poor

Territory Manager in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 16 Apr 2018

4.0

for Salary and Benefits

Likes

Company is good in terms of salry and other benifit. For employee

Salary - Good

Dislikes

Salary and oter benifit is good but growth us slow. Pressure is very high.only few people have decision maker no discussion about market trend startegy etc service level in middle and upper level is not per expectations. Performance get unnoticed while getting appraisal

Skill development - Poor

+2 more

Territory Manager in New Delhi

sales Department

5.0

• posted on 05 May 2018

4.0

for Salary and Benefits

Likes

overall company is very Good for employee ,agents and customers . Management team,higher authority .Company Claim team ,product range. Company culture is very familiars.

Salary - Good

+6 more

Dislikes

...good but personally i missing Sales Incentive for Sales Force in Royal Sundaram. if company plan some monthly /yearly incentive or bonus.

see more salary related reviews

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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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Royal Sundaram General Insurance Area Head Salary FAQs

What is the salary of Area Head at Royal Sundaram General Insurance ?

The average salary of a Area Head at Royal Sundaram General Insurance in India typically ranges from ₹11.0 Lakhs to ₹15.3 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Area Head at Royal Sundaram General Insurance earn more than ₹15.3 Lakhs per year, and the top 1% earn over ₹15.3 Lakhs per year. Area Head Salaries at Royal Sundaram 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 5 Royal Sundaram General Insurance employees in India.

What is the estimated take home salary of a Area Head at Royal Sundaram General Insurance in India?

The estimated take-home salary of a Area Head at Royal Sundaram General Insurance in India typically ranges from ₹89,763 to ₹92,121 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹15.3 Lakhs per year for employees with experience ranging from 10 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 5 salaries received from various employees of Royal Sundaram General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Royal Sundaram General Insurance for Area Head in India?

Magma HDI General Insurance

₹18.6 Lakhs to ₹20.3 Lakhs per year

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

What is the salary of a Area Head in companies similar to Royal Sundaram General Insurance in India?

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

Edelweiss Life Insurance	₹8.8 Lakhs to ₹13.3 Lakhs per year
Star Union Dai-ichi Life Insurance	₹9.3 Lakhs to ₹17.0 Lakhs per year
Future Generali India Life Insurance	₹7.5 Lakhs to ₹17.0 Lakhs per year
Aviva Life Insurance India	₹8.5 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Health Insurance Co	₹8.0 Lakhs to ₹16.5 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 Head at Royal Sundaram General Insurance in India?

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

Experience	Average Salary Range
10 years	₹13.0 Lakhs to ₹25.2 Lakhs per year
11 years	₹12.1 Lakhs to ₹15.5 Lakhs per year
12 years	₹5.2 Lakhs to ₹15.3 Lakhs per year
13 years	₹11.5 Lakhs to ₹22.3 Lakhs per year

and so on.

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Royal Sundaram General Insurance Area Head Salaries

Royal Sundaram General Insurance Area Head salary in India ranges between ₹11 Lakhs to ₹15.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.