Royal Sundaram General Insurance Regional Manager Salaries by 6 Employees

12 - 17 years exp.

₹18.8 Lakhs - ₹21 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

25% more than the average Regional Manager Salary in Insurance Companies for 12 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Regional Manager Salary 12 - 16 years exp. (3 salaries)	₹18.7 L/yr - ₹20 L/yr
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Strategic & Top Management Regional Manager Salary 15 - 17 years exp. (3 salaries)	₹19 L/yr - ₹21 L/yr

Last Updated: 11 Nov 2024

Companies similar to Royal Sundaram General Insurance for Regional Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Regional Manager Salary 11 - 21 years exp. (77 salaries)	₹7.6 L/yr - ₹27.6 L/yr 2% less	1 job opening
Future Generali India Life Insurance Regional Manager Salary 10 - 21 years exp. (28 salaries)	₹10.2 L/yr - ₹28 L/yr 1% less	1 job opening
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Cholamandalam MS General Insurance Regional Manager Salary 12 - 21 years exp. (24 salaries)	₹12.7 L/yr - ₹24 L/yr 5% less
Shriram General Insurance Regional Manager Salary 8 - 21 years exp. (16 salaries)	₹5 L/yr - ₹13 L/yr 41% less
Star Union Dai-ichi Life Insurance Regional Manager Salary 17 - 22 years exp. (11 salaries)	₹17.5 L/yr - ₹29.5 L/yr 16% more
ManipalCigna Health Insurance Regional Manager Salary 10 - 23 years exp. (10 salaries)	₹10.3 L/yr - ₹22 L/yr 11% less
Edelweiss Life Insurance Regional Manager Salary 7 - 23 years exp. (7 salaries)	₹8 L/yr - ₹29 L/yr 13% less
Aegon Life Insurance Regional Manager Salary 7 - 19 years exp. (6 salaries)	₹10.8 L/yr - ₹25.4 L/yr 21% less
Aditya Birla Health Insurance Co Regional Manager Salary 10 - 22 years exp. (6 salaries)	₹18.6 L/yr - ₹45 L/yr 41% more
Bajaj Capital Insurance Regional Manager Salary 8 - 13 years exp. (7 salaries)	₹16 L/yr - ₹20.8 L/yr 3% less
Allianz Partners Regional Manager Salary 10 - 19 years exp. (5 salaries)	₹4.6 L/yr - ₹13.3 L/yr 55% less
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SBI General Insurance Regional Manager Salary 10 - 15 years exp. (5 salaries)	₹14.2 L/yr - ₹25 L/yr 7% less
Aviva Life Insurance India Regional Manager Salary 14 - 18 years exp. (4 salaries)	₹17.7 L/yr - ₹21.4 L/yr 6% less
Magma HDI General Insurance Regional Manager Salary 4 - 20 years exp. (4 salaries)	₹5.4 L/yr - ₹22.6 L/yr 32% less
Bharti AXA Life Insurance Regional Manager Salary 11 - 19 years exp. (4 salaries)	₹12 L/yr - ₹22.2 L/yr 2% less
Liberty General Insurance Regional Manager Salary 9 - 18 years exp. (4 salaries)	₹6.2 L/yr - ₹14.6 L/yr 38% less
Universal Sompo General Insurance Regional Manager Salary 11 - 16 years exp. (4 salaries)	₹4.1 L/yr - ₹17 L/yr 47% less
CignaTTk Health Insurance Regional Manager Salary 14 - 16 years exp. (3 salaries)	₹14 L/yr - ₹17.5 L/yr 13% less
IndiaFirst Life Insurance Regional Manager Salary 14 - 18 years exp. (3 salaries)	₹9.9 L/yr - ₹28 L/yr 1% less
Medi Assist India Regional Manager Salary 9 - 15 years exp. (3 salaries)	₹11 L/yr - ₹24 L/yr 10% less

Regional Manager salary at Royal Sundaram General Insurance ranges between ₹18.8 Lakhs to ₹21 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 6 latest salaries received from various employees of Royal Sundaram General Insurance.

Experience wise Royal Sundaram General Insurance Regional Manager salaries

Last Updated: 11 Nov 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹20 L/yr
13 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.7 L/yr
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14 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.7 L/yr
15+ years (5 salaries)	₹7.5 L/yr - ₹21 L/yr

From

Regional Manager

12 - 17 years exp.

Head of Product

Salary unavailable

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Salary related reviews for Royal Sundaram General Insurance

3.2

Rated by 2 employees for salary & benefits

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

Back Office Associate in Chennai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 26 Oct 2023

3.0

for Salary and Benefits

Likes

No more pressure . Appreciate the thing is providing the Food afternoon. But that also not maintaining properly.

Job security - Good

+2 more

Dislikes

... seems like school identity card. That also nowadays Looking Good. No more trip. If we want means we have to pay. Company not responsible. No more cab facilities. Royal sundaram sets for only the people WHO ARE ON ROLLS.

Promotions - Poor

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 Support Associate in Nagpur

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Apr 2023

2.0

for Salary and Benefits

Likes

Work balance is quite good and no eager deadlines.

Dislikes

...posting. No policy for getting promotion within team within specific criteria. Appraisal cycle is worst and no clarity every year about bonus even salary hike too. It is also true that in this company higher management does not coperate with lower level staff.

Salary - Poor

+5 more

Branch Incharge in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 12 Sep 2023

1.0

for Salary and Benefits

Likes

Trust they have on team earlier Earlier we have freedom

Job security - Good

Dislikes

...ays...my father was admitted under serious condition finally I lost my father...I worked during period while from Hospital which was known to reporting manager and later my 40 days salary was deducted which was done intentionally and no one supported no one asked me while leaving....I feel very bad of spending my 6+ years with organisation....I was really frustrated during the phase...I have all the evidence

Salary - Bad

+3 more

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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 Regional Manager Salary FAQs

What is the salary of Regional Manager at Royal Sundaram General Insurance ?

The average salary of a Regional Manager at Royal Sundaram General Insurance in India typically ranges from ₹18.8 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 12 years to 17 years).

The top 10% of Regional Manager at Royal Sundaram General Insurance earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Regional 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 6 Royal Sundaram General Insurance employees in India.

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

The estimated take-home salary of a Regional Manager at Royal Sundaram General Insurance in India typically ranges from ₹1,25,586 to ₹1,29,587 per month. This is based on the average salary range of ₹18.8 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 12 years to 17 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 6 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 Regional Manager in India?

Aditya Birla Health Insurance Co	₹18.6 Lakhs to ₹45.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹17.5 Lakhs to ₹29.5 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 Regional Manager in companies similar to Royal Sundaram General Insurance in India?

The salary of a Regional 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:

IndiaFirst Life Insurance	₹9.9 Lakhs to ₹28.0 Lakhs per year
Future Generali India Life Insurance	₹10.2 Lakhs to ₹28.0 Lakhs per year
Bharti AXA Life Insurance	₹12.0 Lakhs to ₹22.2 Lakhs per year
Axis Max Life Insurance	₹7.6 Lakhs to ₹27.6 Lakhs per year
Bajaj Capital Insurance	₹16.0 Lakhs to ₹20.8 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 Regional Manager at Royal Sundaram General Insurance in India?

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

Experience	Average Salary Range
12 years	₹7.5 Lakhs to ₹20.0 Lakhs per year
13 years	₹17.0 Lakhs to ₹21.7 Lakhs per year
14 years	₹17.0 Lakhs to ₹21.7 Lakhs per year
15 years	₹7.5 Lakhs to ₹21.0 Lakhs per year

and so on.

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Royal Sundaram General Insurance Regional Manager Salaries

Royal Sundaram General Insurance Regional Manager salary in India ranges between ₹18.8 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.