Royal Sundaram General Insurance Mumbai Area Sales Manager Salaries by 10+ Employees

8 - 16 years exp.

₹7.3 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Area Sales Manager Salary in Insurance Companies for 8 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Sales Manager Salary 9 - 16 years exp. (10 salaries)	₹8.2 L/yr - ₹12 L/yr
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Sales & Business Development Area Sales Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9.6 L/yr - ₹11.3 L/yr

Last Updated: 26 Oct 2024

Companies similar to Royal Sundaram General Insurance for Area Sales Manager in Mumbai

Royal Sundaram General Insurance Area Sales Manager Salary

8 - 16 years exp. (13 salaries)

₹7.3 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Area Sales Manager Salary 6 - 15 years exp. (25 salaries)	₹7.1 L/yr - ₹14.3 L/yr 23% more
Axis Max Life Insurance Area Sales Manager Salary 5 - 12 years exp. (5 salaries)	₹4.3 L/yr - ₹9.8 L/yr 47% less
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SBI General Insurance Area Sales Manager Salary 14 - 18 years exp. (5 salaries)	₹11 L/yr - ₹17 L/yr 53% more	1 job opening
IndusInd Bank Area Sales Manager Salary 4 - 18 years exp. (146 salaries)	₹4.8 L/yr - ₹16.5 L/yr 13% more	40 job openings
SBI Cards & Payment Services Area Sales Manager Salary 4 - 15 years exp. (72 salaries)	₹5.5 L/yr - ₹13.1 L/yr 6% more

Area Sales Manager salary at Royal Sundaram General Insurance ranges between ₹7.3 Lakhs to ₹12 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 13 latest salaries received from various employees of Royal Sundaram General Insurance.

Experience wise Royal Sundaram General Insurance Area Sales Manager salaries in Mumbai

Last Updated: 26 Oct 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
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10 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
12 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
14 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
15+ years (3 salaries)	₹9.1 L/yr - ₹12 L/yr

View all

Similar Designation salaries in Royal Sundaram General Insurance

Territory Sales Manager Salary

(37 salaries)

₹3.5 L/yr - ₹7 L/yr

Sales Manager Salary

(3 salaries)

₹1.8 L/yr - ₹5.45 L/yr

Salary related reviews for Royal Sundaram General Insurance

4.5

Rated by 2 employees for salary & benefits

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.

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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 Sales Manager Salary FAQs

What is the salary of Area Sales Manager at Royal Sundaram General Insurance in Mumbai?

The average salary of a Area Sales Manager at Royal Sundaram General Insurance in Mumbai typically ranges from ₹7.3 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 8 years to 16 years).

The top 10% of Area Sales Manager in Mumbai at Royal Sundaram General Insurance earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Area Sales 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 10+ Royal Sundaram General Insurance employees in India.

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

The estimated take-home salary of a Area Sales Manager at Royal Sundaram General Insurance in Mumbai typically ranges from ₹70,765 to ₹72,586 per month. This is based on the average salary range of ₹7.3 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 8 years to 16 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 10+ 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 Sales Manager in India?

SBI General Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Health Insurance Co	₹7.1 Lakhs to ₹14.3 Lakhs per year
IndusInd Bank	₹4.8 Lakhs to ₹16.5 Lakhs per year
SBI Cards & Payment Services	₹5.5 Lakhs to ₹13.1 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 Sales Manager in companies similar to Royal Sundaram General Insurance in Mumbai?

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

Axis Max Life Insurance

₹4.3 Lakhs to ₹9.8 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 Sales Manager at Royal Sundaram General Insurance in Mumbai?

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

Experience	Average Salary Range
8 years	₹8.4 Lakhs to ₹10.8 Lakhs per year
9 years	₹8.5 Lakhs to ₹10.9 Lakhs per year
10 years	₹8.6 Lakhs to ₹11.0 Lakhs per year
11 years	₹8.7 Lakhs to ₹11.1 Lakhs per year

and so on.

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Royal Sundaram General Insurance Area Sales Manager Salaries in Mumbai

Royal Sundaram General Insurance Area Sales Manager salary in Mumbai ranges between ₹7.3 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.