Star Health & Allied Insurance Mumbai Divisional Manager Salaries by 5 Employees

9 - 14 years exp.

₹6 Lakhs - ₹8.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

46% less than the average Divisional Manager Salary in Insurance Companies for 9 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 9 - 12 years exp. (3 salaries)	₹6.3 L/yr - ₹9.1 L/yr
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Sales & Business Development Divisional Manager Salary 14 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹8.8 L/yr

Last Updated: 20 May 2023

Companies similar to Star Health & Allied Insurance for Divisional Manager in Mumbai

Star Health & Allied Insurance Divisional Manager Salary

9 - 14 years exp. (5 salaries)

₹6 L/yr - ₹8.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Divisional Manager Salary 20 - 32 years exp. (3 salaries)	₹16 L/yr - ₹19.8 L/yr 156% more
Micro Labs Divisional Manager Salary 20 - 26 years exp. (9 salaries)	₹9.3 L/yr - ₹15.5 L/yr 46% more
Login to view exact salary
Raychem RPG Divisional Manager Salary 13 - 24 years exp. (8 salaries)	₹25 L/yr - ₹35 L/yr 334% more
Fraazo Divisional Manager Salary 7 - 15 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 28% more
Jumbo Finvest India Divisional Manager Salary 23 - 26 years exp. (5 salaries)	₹16 L/yr - ₹18 L/yr 127% more

Divisional Manager salary at Star Health & Allied Insurance ranges between ₹6 Lakhs to ₹8.9 Lakhs per year for employees with experience between 9 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Star Health & Allied Insurance.

Experience wise Star Health & Allied Insurance Divisional Manager salaries in Mumbai

Last Updated: 20 May 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
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11 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
12 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
13 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
14 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

View all

From

Divisional Manager

₹

Lakhs/yr

8 - 17 years exp.

Senior Area Manager

₹

Lakhs/yr

15 - 22 years exp.

Divisional Manager

8 - 17 years exp.

Assistant Territory Manager

9 - 17 years exp.

59% hike

Territory Manager

10 - 20 years exp.

7% hike

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.

Similar Designation salaries in Star Health & Allied Insurance

Relationship Manager Salary

(36 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Deputy Manager Salary

(13 salaries)

₹4.8 L/yr - ₹7 L/yr

Branch Manager Salary

(12 salaries)

₹6.5 L/yr - ₹10.21 L/yr

Salary related reviews for Star Health & Allied Insurance

Divisional Manager in Kozhikode

BFSI, Investments & Trading Department

4.0

• posted on 18 Sep 2018

3.0

for Salary and Benefits

Likes

Definitely A Great Company To Work In Terms Of Environment,Innovative Products,Brand Value,Customer Service And Yearly Increments...

Skill development - Excellent

+5 more

Dislikes

Only Thing Which Pulls Down The Company Is That they pay you way below the Industry Standard...

Relationship Manager in Moradabad

Full Time

Sales & Business Development Department

2.0

• posted on 14 Jul 2024

2.0

for Salary and Benefits

Likes

They can do everything to destroy your Career. They can't pay They have their own rules and regulations

Dislikes

Here seniors migrate your business and earns commission/incentives and will eat your job if you raise a voice.

Salary - Poor

+5 more

Senior Sales Manager in Gurgaon / Gurugram

Full Time

Sales & Business Development Department

4.0

• posted on 02 Apr 2024

2.0

for Salary and Benefits

Likes

Employee login business regularly then no one can interrupt and ask questions.

Work satisfaction - Good

Dislikes

...upport. Senior employee are deciding the rule and norms to run the organisation. No salary increments no leaves , even work on holidays.

Salary - Poor

+5 more

Deputy Manager in Chennai

Full Time

Healthcare & Life Sciences Department

1.0

• posted on 31 Jan 2023

1.0

for Salary and Benefits

Likes

This section is not suitable for this company.

Dislikes

...o BDS/BAMS/BHMS, they will not regard you and your credentials. HR is atrocious. Stated salary as per bond not provided. There is no work life balance. Keep on insisting to work on Sunday's in the name of roasters.

Salary - Bad

+6 more

Sales Manager in Kishangarh

Full Time

Sales Department

1.0

• posted on 14 Dec 2022

1.0

for Salary and Benefits

Likes

Only salary comes before date.

Dislikes

There is lots of managers who have gang of their own .they do not want to stay new employee.even they behave like mawalis they shouts like animals.such a people i have seen in my life.very pathetic experience i have .

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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Star Health & Allied Insurance Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Star Health & Allied Insurance in Mumbai?

The average salary of a Divisional Manager at Star Health & Allied Insurance in Mumbai typically ranges from ₹6.0 Lakhs to ₹8.9 Lakhs per year, depending on experience (from 9 years to 14 years).

The top 10% of Divisional Manager in Mumbai at Star Health & Allied Insurance earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Divisional Manager Salaries at Star Health & Allied 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 Star Health & Allied Insurance employees in India.

What is the estimated take home salary of a Divisional Manager at Star Health & Allied Insurance in Mumbai?

The estimated take-home salary of a Divisional Manager at Star Health & Allied Insurance in Mumbai typically ranges from ₹55,596 to ₹56,988 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹8.9 Lakhs per year for employees with experience ranging from 9 years to 14 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 Star Health & Allied Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Star Health & Allied Insurance for Divisional Manager in India?

Raychem RPG	₹25.0 Lakhs to ₹35.0 Lakhs per year
Life Insurance Corporation of India	₹16.0 Lakhs to ₹19.8 Lakhs per year
Jumbo Finvest India	₹16.0 Lakhs to ₹18.0 Lakhs per year
Micro Labs	₹9.3 Lakhs to ₹15.5 Lakhs per year
Fraazo	₹7.0 Lakhs to ₹13.0 Lakhs per year

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

How the salary growth look like for a Divisional Manager at Star Health & Allied Insurance in Mumbai?

The salary growth for a Divisional Manager at Star Health & Allied Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Divisional Manager in Mumbai can expect the following growth trajectory at Star Health & Allied Insurance:

Experience	Average Salary Range
9 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
10 years	₹6.0 Lakhs to ₹7.7 Lakhs per year
11 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
12 years	₹6.6 Lakhs to ₹8.4 Lakhs per year

and so on.

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Star Health & Allied Insurance Divisional Manager Salaries in Mumbai

Star Health & Allied Insurance Divisional Manager salary in Mumbai ranges between ₹6 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Star Health & Allied Insurance latest salaries received from various employees of Star Health & Allied Insurance.

Star Health & Allied Insurance Divisional Manager salaries in Mumbai

Companies similar to Star Health & Allied Insurance for Divisional Manager in Mumbai

Latest annual salaries shared by Star Health & Allied Insurance Divisional Manager in Mumbai

Experience wise Star Health & Allied Insurance Divisional Manager salaries in Mumbai

Similar Designation salaries in Star Health & Allied Insurance

Salary related reviews for Star Health & Allied Insurance

Divisional Manager in Kozhikode

Relationship Manager in Moradabad

Senior Sales Manager in Gurgaon / Gurugram

Deputy Manager in Chennai

Sales Manager in Kishangarh

Star Health & Allied Insurance Divisional Manager Salary FAQs

Tell us how to improve this page.