Shriram General Insurance Business Manager Salaries by 4 Employees

6 - 18 years exp.

₹3.5 Lakhs - ₹9.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

56% less than the average Business Manager Salary in Insurance Companies for 6 - 18 years of experience

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Salaries in different departments

Sales & Business Development Business Manager Salary 12 - 18 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.4 L/yr
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BFSI, Investments & Trading Business Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 24 Jan 2024

Companies similar to Shriram General Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Bharti AXA Life Insurance Business Manager Salary 1 - 12 years exp. (204 salaries)	₹2.2 L/yr - ₹5 L/yr 40% less	1 job opening
Edelweiss Life Insurance Business Manager Salary 0 - 16 years exp. (34 salaries)	₹3 L/yr - ₹8.5 L/yr 5% more
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IndiaFirst Life Insurance Business Manager Salary 3 - 13 years exp. (23 salaries)	₹3 L/yr - ₹6.3 L/yr 6% less
Cholamandalam MS General Insurance Business Manager Salary 3 - 15 years exp. (17 salaries)	₹4 L/yr - ₹6.5 L/yr 12% more
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	₹3.8 L/yr - ₹6.5 L/yr 7% more
Aegon Life Insurance Business Manager Salary 5 - 9 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 43% less
Aegon Religare Life Insurance Business Manager Salary 1 - 17 years exp. (6 salaries)	₹2 L/yr - ₹4.3 L/yr 33% less
ManipalCigna Health Insurance Business Manager Salary 4 - 8 years exp. (5 salaries)	₹3 L/yr - ₹3.9 L/yr 34% less

Business Manager salary at Shriram General Insurance ranges between ₹3.5 Lakhs to ₹9.4 Lakhs per year for employees with experience between 6 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Shriram General Insurance.

Experience wise Shriram General Insurance Business Manager salaries

Last Updated: 24 Jan 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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15+ years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr

Similar Designation salaries in Shriram General Insurance

Branch Manager Salary

(175 salaries)

₹3.15 L/yr - ₹8.5 L/yr

Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹3.5 L/yr

Regional Manager Salary

(16 salaries)

₹5 L/yr - ₹13 L/yr

Area Manager Salary

(26 salaries)

₹8.25 L/yr - ₹15 L/yr

Deputy Manager Salary

(62 salaries)

₹4 L/yr - ₹7.75 L/yr

Territory Manager Salary

(3 salaries)

₹3 L/yr - ₹9.5 L/yr

Area Sales Manager Salary

(3 salaries)

₹2.5 L/yr - ₹10 L/yr

Marketing Manager Salary

(11 salaries)

₹2.95 L/yr - ₹4.8 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Relationship Manager Salary

(7 salaries)

₹2.3 L/yr - ₹3.2 L/yr

Salary related reviews for Shriram General Insurance

5.0

Rated by 2 employees for salary & benefits

Business Manager in Ajmer

Life insurance Department

5.0

• posted on 17 Aug 2018

5.0

for Salary and Benefits

Likes

...stick time with Shri ram life insurance company. The policy of company was good. But every time they was changed in employee ' s policy ( like - salary, remuration, and making unnecessary tragat pressure....etc.) and terms and conditions was not good....But overall time was good.

Salary - Excellent

+4 more

Dislikes

I explained above already.

Job security - Poor

Branch Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 10 Oct 2023

1.0

for Salary and Benefits

Likes

Learning

Dislikes

...r increasing group companies profit. So employees are under tremendous pressure. Salary is very low comparing to Industry standard. They are forcefully making employees buy there LI policies which is high priced.

Salary - Bad

+4 more

Deputy Manager in Jaipur

Theft Claims Department

3.0

• posted on 21 Sep 2019

2.0

for Salary and Benefits

Likes

The company never gives mental stress to there employees. The work culture is good. Apart from the company policy. My boss always taught us the lessons of life. How to deal with professional & personal life. There is no hire & fire policy in the company if you are an hard worker. I also like the re-hire policy of the company.

Job security - Excellent

+2 more

Dislikes

Compensation is very less & growth is also very slow. There is no internal training programs for the employees. There is too much chaplusi done by some persons of senior members due to which the worth keeping person never uplift by the company.

Salary - Poor

Marketing Executive in Kochi

Full Time

Sales & Business Development Department

2.0

• posted on 27 Dec 2024

1.0

for Salary and Benefits

Likes

Company growth is high rate. So job security is very high . Excellent traning and advanced technology

Skill development - Good

+2 more

Dislikes

...to stress and imbalance. Difficulty in tracking and obtaining incentives fairly. Salary packages do not align with the amount and quality of work expected.

Salary - Bad

+2 more

Assistant Manager in Barasat

Full Time

Marketing & Communication Department

1.0

• posted on 23 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing to like in this company

Dislikes

I have work here for one month and they didn't give me salary after that I have resigned and they threatened me that I have signed bond of 2 years and company will file a case against me and demanding 6 month salary from me the work culture is very bad upper management use bad language

Salary - Bad

+6 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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Shriram General Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Shriram General Insurance ?

The average salary of a Business Manager at Shriram General Insurance in India typically ranges from ₹3.5 Lakhs to ₹9.4 Lakhs per year, depending on experience (from 6 years to 18 years).

The top 10% of Business Manager at Shriram General Insurance earn more than ₹9.4 Lakhs per year, and the top 1% earn over ₹9.4 Lakhs per year. Business Manager Salaries at Shriram 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 Shriram General Insurance employees in India.

What is the estimated take home salary of a Business Manager at Shriram General Insurance in India?

The estimated take-home salary of a Business Manager at Shriram General Insurance in India typically ranges from ₹37,363 to ₹38,567 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹9.4 Lakhs per year for employees with experience ranging from 6 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 Shriram General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shriram General Insurance for Business Manager in India?

Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
Future Generali India Life Insurance	₹3.8 Lakhs to ₹6.5 Lakhs per year
Edelweiss Life Insurance	₹3.0 Lakhs to ₹8.5 Lakhs per year

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

What is the salary of a Business Manager in companies similar to Shriram General Insurance in India?

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

IndiaFirst Life Insurance	₹3.0 Lakhs to ₹6.3 Lakhs per year
Aegon Religare Life Insurance	₹2.0 Lakhs to ₹4.3 Lakhs per year
ManipalCigna Health Insurance	₹3.0 Lakhs to ₹3.9 Lakhs per year
Bharti AXA Life Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
Aegon Life Insurance	₹2.1 Lakhs to ₹3.5 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 Business Manager at Shriram General Insurance in India?

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

Experience	Average Salary Range
6 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
12 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
15 years	₹8.5 Lakhs to ₹10.8 Lakhs per year

and so on.

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Shriram General Insurance Business Manager Salaries

Shriram General Insurance Business Manager salary in India ranges between ₹3.5 Lakhs to ₹9.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shriram General Insurance latest salaries received from various employees of Shriram General Insurance.