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Royal Sundaram General Insurance Area Manager salaries in India

Annual salary range
11 - 19 years exp.
₹9 Lakhs - ₹18.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (90%)
₹9.9 Lakhs
Variable (10%)
₹1.2 Lakh
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15% more than the average Area Manager Salary in Insurance Companies for 11 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Manager Salary
11 - 17 years exp. (AmbitionBox Estimate)
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₹9.3 L/yr - ₹18.5 L/yr

Marketing & Communication
Area Manager Salary
12 - 17 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹14.9 L/yr

Sales & Business Development
Area Manager Salary
17 - 19 years exp. (AmbitionBox Estimate)
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₹9.9 L/yr - ₹16.2 L/yr

Last Updated: 1 Nov 2024

Companies similar to Royal Sundaram General Insurance for Area Manager

Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Area Manager Salary

6 - 18 years exp. (267 salaries)

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₹4.2 L/yr - ₹13 L/yr

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₹5.3 L/yr - ₹16.9 L/yr

arrow icon 15% less
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₹7.8 L/yr - ₹17.1 L/yr

arrow icon 12% more
2 job openings
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₹10.1 L/yr - ₹20 L/yr

arrow icon 41% more
2 job openings
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Bharti AXA Life Insurance Area Manager Salary

6 - 19 years exp. (38 salaries)

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₹6.1 L/yr - ₹16.5 L/yr

arrow icon 6% less
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Aviva Life Insurance India Area Manager Salary

7 - 20 years exp. (35 salaries)

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₹7 L/yr - ₹14 L/yr

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₹4.5 L/yr - ₹16.5 L/yr

arrow icon 8% less
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₹7.2 L/yr - ₹12.5 L/yr

arrow icon 10% less
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Shriram General Insurance Area Manager Salary

12 - 20 years exp. (26 salaries)

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₹8.3 L/yr - ₹15 L/yr

arrow icon 1% more
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Liberty General Insurance Area Manager Salary

9 - 20 years exp. (24 salaries)

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₹12.4 L/yr - ₹18.4 L/yr

arrow icon 34% more
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Edelweiss Life Insurance Area Manager Salary

12 - 20 years exp. (16 salaries)

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₹10 L/yr - ₹16.7 L/yr

arrow icon 28% more
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IndiaFirst Life Insurance Area Manager Salary

13 - 17 years exp. (8 salaries)

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₹9 L/yr - ₹16 L/yr

arrow icon 10% more
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SBI General Insurance Area Manager Salary

3 - 21 years exp. (6 salaries)

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₹9 L/yr - ₹15.2 L/yr

arrow icon 5% more
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₹16.3 L/yr - ₹21 L/yr

arrow icon 71% more
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CignaTTk Health Insurance Area Manager Salary

7 - 14 years exp. (5 salaries)

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₹8.6 L/yr - ₹10.5 L/yr

arrow icon 11% less
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₹8.8 L/yr - ₹16.3 L/yr

arrow icon 21% more
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Bajaj Capital Insurance Area Manager Salary

5 - 13 years exp. (5 salaries)

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₹4 L/yr - ₹6.2 L/yr

arrow icon 52% less
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Aegon Life Insurance Area Manager Salary

11 - 19 years exp. (4 salaries)

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₹12 L/yr - ₹14 L/yr

arrow icon 17% more
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₹4.9 L/yr - ₹6.8 L/yr

arrow icon 50% less
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Allianz Partners Area Manager Salary

8 - 11 years exp. (3 salaries)

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₹5.3 L/yr - ₹8 L/yr

arrow icon 39% less
Area Manager salary at Royal Sundaram General Insurance ranges between ₹9 Lakhs to ₹18.5 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 7 latest salaries received from various employees of Royal Sundaram General Insurance.

Latest annual salaries shared by Royal Sundaram General Insurance Area Manager

2mo ago
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19 years exp.
4mo ago
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11 years exp.
4mo ago
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17 years exp.
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12 years exp.
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17 years exp.
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17 years exp.

Experience wise Royal Sundaram General Insurance Area Manager salaries

Last Updated: 1 Nov 2024

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹18.5 L/yr
12 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)

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₹10 L/yr - ₹12.8 L/yr
14 years (AmbitionBox Estimate)

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₹10 L/yr - ₹12.8 L/yr
15+ years  (5 salaries)

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₹9 L/yr - ₹16.1 L/yr

Similar Designation salaries in Royal Sundaram General Insurance

Sales Manager Salary
(18 salaries)
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₹1.8 L/yr - ₹8.87 L/yr
Branch Manager Salary
(24 salaries)
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₹4.5 L/yr - ₹11 L/yr
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₹5.5 L/yr - ₹14.64 L/yr
Deputy Manager Salary
(11 salaries)
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₹12 L/yr - ₹17.39 L/yr
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₹18.83 L/yr - ₹21 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹10.7 L/yr - ₹13.7 L/yr
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₹3.7 L/yr - ₹7.2 L/yr
Team Lead Salary
(15 salaries)
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₹3.5 L/yr - ₹6.5 L/yr
Sales Officer Salary
(24 salaries)
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₹1 L/yr - ₹4.6 L/yr

Salary related reviews for Royal Sundaram General Insurance

4.5

Rated by 3 employees for salary & benefits

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.

read more
  • Skill development - Bad
  • +4 more

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.

read more
  • 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.

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  • Promotions - Poor

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

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  • 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

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  • Salary - Poor

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

read more
  • Skill development - Poor
  • +2 more

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.

read more
  • 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.

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Royal Sundaram General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Royal Sundaram General Insurance ?
The average salary of a Area Manager at Royal Sundaram General Insurance in India typically ranges from ₹9.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 11 years to 19 years).

The top 10% of Area Manager at Royal Sundaram General Insurance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Area Manager 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 7 Royal Sundaram General Insurance employees in India.
What is the estimated take home salary of a Area Manager at Royal Sundaram General Insurance in India?
The estimated take-home salary of a Area Manager at Royal Sundaram General Insurance in India typically ranges from ₹79,266 to ₹81,327 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 11 years to 19 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 7 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 Manager in India?
Ageas Federal Life Insurance ₹16.3 Lakhs to ₹21.0 Lakhs per year
Future Generali India Life Insurance ₹10.1 Lakhs to ₹20.0 Lakhs per year
Liberty General Insurance ₹12.4 Lakhs to ₹18.4 Lakhs per year
Edelweiss Life Insurance ₹10.0 Lakhs to ₹16.7 Lakhs per year
Magma HDI General Insurance ₹8.8 Lakhs to ₹16.3 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 Manager in companies similar to Royal Sundaram General Insurance in India?
The salary of a Area Manager 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:

Aegon Life Insurance ₹12.0 Lakhs to ₹14.0 Lakhs per year
Star Union Dai-ichi Life Insurance ₹7.8 Lakhs to ₹17.1 Lakhs per year
IndiaFirst Life Insurance ₹9.0 Lakhs to ₹16.0 Lakhs per year
SBI General Insurance ₹9.0 Lakhs to ₹15.2 Lakhs per year
Shriram General Insurance ₹8.3 Lakhs to ₹15.0 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 Royal Sundaram General Insurance in India?
The salary growth for a Area Manager at Royal Sundaram General Insurance depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at Royal Sundaram General Insurance:

Experience Average Salary Range
11 years ₹4.5 Lakhs to ₹18.5 Lakhs per year
12 years ₹4.5 Lakhs to ₹12.0 Lakhs per year
13 years ₹10.0 Lakhs to ₹12.8 Lakhs per year
14 years ₹10.0 Lakhs to ₹12.8 Lakhs per year
and so on.

Tell us how to improve this page.

Royal Sundaram General Insurance Area Manager salary in India ranges between ₹9 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.