Star Union Dai-ichi Life Insurance Insurance Manager Salaries by 7 Employees

3 - 8 years exp.

₹2.1 Lakhs - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Insurance Manager Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 3 - 8 years exp. (4 salaries)	₹2.1 L/yr - ₹2.6 L/yr
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Sales & Business Development Insurance Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr

Last Updated: 5 Jul 2024

Companies similar to Star Union Dai-ichi Life Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (70 salaries)	₹0.6 L/yr - ₹5.3 L/yr 12% more
HDFC Life Insurance Manager Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 15% more
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Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 11% more
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (28 salaries)	₹2.6 L/yr - ₹7.7 L/yr 42% more
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 19% more
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 19% more
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹5 L/yr 7% more
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 30% more
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (15 salaries)	₹2.5 L/yr - ₹4.5 L/yr 21% more
Tata AIG Insurance Manager Salary 3 - 13 years exp. (9 salaries)	₹2.7 L/yr - ₹7.9 L/yr 64% more
Cholamandalam MS General Insurance Insurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.9 L/yr 32% more
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Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 16% more
HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 84% more
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 43% more
Niva Bupa Health Insurance Company Insurance Manager Salary 0 - 13 years exp. (7 salaries)	₹3.1 L/yr - ₹5 L/yr 18% more
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 31% more
Aviva Life Insurance India Insurance Manager Salary 4 - 10 years exp. (5 salaries)	₹3.3 L/yr - ₹5.5 L/yr 25% more
Magma HDI General Insurance Insurance Manager Salary 0 - 15 years exp. (4 salaries)	₹3.7 L/yr - ₹6 L/yr 43% more
Iffco Tokio General Insurance Co. Insurance Manager Salary 6 - 15 years exp. (4 salaries)	₹7.4 L/yr - ₹9 L/yr 129% more
National Insurance Company Insurance Manager Salary 6 - 32 years exp. (4 salaries)	₹12.5 L/yr - ₹14 L/yr 301% more

View all

Insurance Manager salary at Star Union Dai-ichi Life Insurance ranges between ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Star Union Dai-ichi Life Insurance.

Experience wise Star Union Dai-ichi Life Insurance Insurance Manager salaries

Last Updated: 5 Jul 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

View all

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Salary related reviews for Star Union Dai-ichi Life Insurance

4.3

Rated by 3 employees for salary & benefits

Relationship Manager in Bhandara

Full Time

Sales & Business Development Department

1.0

• posted on 28 Feb 2025

1.0

for Salary and Benefits

Likes

Nothing is good in this company, worst culture, worst salary structure, the HR team is non co operative and the even cut your salary and incentive for nothing.

Dislikes

...ke i joined this company they paid my full and final settlement after 100 days, and also cuted unnecessary amount from my salary, this is bad organisation, i strongly refer please do not join.

Salary - Bad

+6 more

Relationship Manager in Dhanbad

Full Time

Sales & Business Development Department

1.0

• posted on 30 Dec 2024

2.0

for Salary and Benefits

Likes

Like krne ka es 6 mah me to kuchh nhi dikha sud life me, na management na manager na hi products

Dislikes

... after 6pm you will have attended con call meeting in Google meet by 7pm to 9pm. If you miss any day attendence your regularisation will be reject by your senior, so that your salary can be cut, from this they think that employee will work hard. I have already lost 6 days salary. They will give p/day pressure for new business. Day night both. Means you can't survive 6 month here. If you want to join here then go but search another company too so that you have a back up after take pressure you will have to resign near by . I have worked in sbi life hdfc life but their culture is ok but sud life plz don't go here, 10 nhi 100 bar sochna yaha ane se pahle. Thela kahin khol Lena pr sud life join kr Krna.

Salary - Poor

+6 more

Relationship Manager in Mumbai

Full Time

Sales & Business Development Department

3.0

• posted on 03 Dec 2024

2.0

for Salary and Benefits

Likes

On time salary flexible timings

Work-life balance - Good

Dislikes

Too much pressure on employee for sale branches and staff will not support at banks seniors call u again and again call u to far away on saturday meeting. Always take strict reviews not good plans comapny having. I didnt like work culture and distance meetings 😪 manager will not help in terms of calls and business everything you have Baer plus freelook took 60 days no one will help u have to face customer and being ridiculously embbarse

Salary - Poor

+5 more

Relationship Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 12 Oct 2024

5.0

for Salary and Benefits

Likes

The company is good in all respects. The salary comes on time. I never had to face any problem.

Salary - Excellent

+3 more

Dislikes

Whatever the problem was, it was that there was no schedule for the meetings, whenever the meeting felt like it, the online meeting would start, I personally did not find this method right and one more thing was putting pressure on the employees and increasing the workload.

Relationship Manager in Hubli

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 30 Dec 2024

2.0

for Salary and Benefits

Likes

In sud life training, bank branches are good

Dislikes

Work culture hirechy is not good, salary not happened every month, they hold salary, without our intimation they transfer suddenly, they used abbusing words

Salary - Poor

+4 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Star Union Dai-ichi Life Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Star Union Dai-ichi Life Insurance ?

The average salary of a Insurance Manager at Star Union Dai-ichi Life Insurance in India typically ranges from ₹2.1 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Insurance Manager at Star Union Dai-ichi Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Insurance Manager Salaries at Star Union Dai-ichi Life 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 Star Union Dai-ichi Life Insurance employees in India.

What is the estimated take home salary of a Insurance Manager at Star Union Dai-ichi Life Insurance in India?

The estimated take-home salary of a Insurance Manager at Star Union Dai-ichi Life Insurance in India typically ranges from ₹23,482 to ₹24,943 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 3 years to 8 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 Star Union Dai-ichi Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Star Union Dai-ichi Life Insurance for Insurance Manager in India?

National Insurance Company	₹12.5 Lakhs to ₹14.0 Lakhs per year
Iffco Tokio General Insurance Co.	₹7.4 Lakhs to ₹9.0 Lakhs per year
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹9.4 Lakhs per year
Tata AIG	₹2.7 Lakhs to ₹7.9 Lakhs per year
SBI General Insurance	₹2.4 Lakhs to ₹7.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Star Union Dai-ichi Life Insurance, depending on the role and experience level.

What is the salary of a Insurance Manager in companies similar to Star Union Dai-ichi Life Insurance in India?

The salary of a Insurance Manager at companies similar to Star Union Dai-ichi Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Magma HDI General Insurance	₹3.7 Lakhs to ₹6.0 Lakhs per year
ManipalCigna Health Insurance	₹3.5 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 Lakhs per year
Cholamandalam MS General Insurance	₹3.0 Lakhs to ₹5.9 Lakhs per year
Reliance General Insurance	₹3.0 Lakhs to ₹5.1 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 Insurance Manager at Star Union Dai-ichi Life Insurance in India?

The salary growth for a Insurance Manager at Star Union Dai-ichi Life Insurance depends on factors such as experience, performance, and promotions. On average, a Insurance Manager can expect the following growth trajectory at Star Union Dai-ichi Life Insurance:

Experience	Average Salary Range
3 years	₹2.9 Lakhs to ₹3.8 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
6 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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Star Union Dai-ichi Life Insurance Insurance Manager Salaries

Star Union Dai-ichi Life Insurance Insurance Manager salary in India ranges between ₹2.1 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Star Union Dai-ichi Life Insurance latest salaries received from various employees of Star Union Dai-ichi Life Insurance.