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The New India Assurance Co. Administration Officer salaries in Mumbai

Annual salary range
3 - 7 years exp.
₹6 Lakhs - ₹16.1 Lakhs
Salary of majority employees
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66% more than the average Administration Officer Salary in Insurance Companies for 3 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Administration Officer Salary
5 - 7 years exp. (3 salaries)
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₹6 L/yr - ₹9.7 L/yr

Finance & Accounting
Administration Officer Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹11.2 L/yr - ₹15 L/yr

Last Updated: 21 Feb 2024

Companies similar to The New India Assurance Co. for Administration Officer in Mumbai

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The New India Assurance Co. Administration Officer Salary

3 - 7 years exp. (11 salaries)

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₹6 L/yr - ₹16.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹10.6 L/yr - ₹13 L/yr

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₹6.4 L/yr - ₹22 L/yr

arrow icon 46% more
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₹6 L/yr - ₹8.7 L/yr

arrow icon 19% less
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₹4 L/yr - ₹6.5 L/yr

arrow icon 52% less
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₹3.8 L/yr - ₹5.3 L/yr

arrow icon 54% less
Administration Officer salary at The New India Assurance Co. ranges between ₹6 Lakhs to ₹16.1 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 11 latest salaries received from various employees of The New India Assurance Co..

Latest annual salaries shared by The New India Assurance Co. Administration Officer in Mumbai

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Experience wise The New India Assurance Co. Administration Officer salaries in Mumbai

Last Updated: 21 Feb 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹16.1 L/yr
4 years  (3 salaries)

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₹6 L/yr - ₹15 L/yr
5 years  (3 salaries)

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₹8 L/yr - ₹18.9 L/yr
6 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹19 L/yr
7 years (AmbitionBox Estimate)

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₹6 L/yr - ₹10.8 L/yr
The New India Assurance Co. Administration Officer Salary and Career Growth

From

To

Administration Officer

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1 - 9 years exp.

Regional Manager

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30 - 32 years exp.

Administration Officer 1 - 9 years exp.
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Assistant Manager 4 - 11 years exp.
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arrow icon 41% hike
Senior Divisional Manager 21 - 33 years exp.
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arrow icon 76% hike

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From

1 more level

To

Administration Officer

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1 - 9 years exp.

Deputy Manager

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7 - 13 years exp.

Similar Designation salaries in The New India Assurance Co.

Deputy Manager Salary
(4 salaries)
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₹20 L/yr - ₹26 L/yr

Salary related reviews for The New India Assurance Co.

3.2

Rated by 2 employees for salary & benefits

Full Time

 · 

Other Department

4.0
  •  posted on 12 May 2024

4.0
 for  Salary and Benefits

Likes

... claims hub department is very good.Employees help the newly recruited officers.Salary is decent.Various incentives by the company.

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  • Salary - Good
  • +6 more

Dislikes

The salary is decent but not that high.wage revision is pending.

BFSI, Investments & Trading Department

5.0
  •  posted on 17 Sep 2017

5.0
 for  Salary and Benefits

Likes

...ny.There is ample scope for quick promotions now and one can rise to high cadre. The salary of the New Indian's is very high compared to the salary given by banks to similar cadre.There are also lot of facilities like housing loan,vehicle loan,leave encashment once in 2 years,Leave travel facility,holiday home facility,maternity and paternity leave,

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  • Salary - Excellent
  • +6 more

Dislikes

Employee's have cent percent job security.There is also good team work among them.Normally work pressure is felt on the employees especially those who are good workers.But these are ignored by the management when any small complaints lodged against them by the public which actually would have been the crooked conspiracy of vested interest persons resulting in stalling the promotion prospects of hard working employees.Since Regional In charges are the recommending authority for grant of promotion by head office and these people will not be familiar to us due to their coming from other states and may not be knowing the working efficiency of the particular person,simply discard him just because of the falls complaints. There are now lot of forums like RTI act,consumer forums,civil courts for redressing the grievances of the public with respect to claims,policy issuing etc.

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Other Department

2.0
  •  posted on 26 Mar 2021

3.0
 for  Salary and Benefits

Likes

it gives you the freedom to learn and experience with topmost company in the industry.Job is secured but rewards do not follow the contributions made.HR policy is very outdated and management is typical PSU,

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  • Job security - Excellent
  • +1 more

Dislikes

Career growth is slow ,salary is a constraint for quality and best brains are not available, lack of dynamism but work life balance is not very demanding.Work environment is average if not outstanding.

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  • Skill development - Poor
  • +1 more

Full Time

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BFSI, Investments & Trading Department

5.0
  •  posted on 05 Jun 2023

5.0
 for  Salary and Benefits

Likes

Excellent work culture. Highly knowledgeable staff and Supportive Management. All pahments made within time limit and Cwiss System is Excellent. In my opinion, The New India is my 2nd mother. I LOVE NEW INDIA FROM CORE OF MY HEART. NEW INIDA ASSURANCE IS GREAT COMPANY AND I SALUTE TO ALL AND FEEL PROUD EMPLOYEE OF THIS GREAT AND LEADER COMPANY

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  • Salary - Excellent
  • +6 more

Dislikes

Nothing except offices should be renovated as per New Modern Techniques so that Ambience look like Leader Company.

Full Time

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Finance & Accounting Department

2.0
  •  posted on 21 Jul 2023

2.0
 for  Salary and Benefits

Likes

Work pressure is relatively less.

  • Job security - Excellent
  • +1 more

Dislikes

The list can go on forever. Only people who have links inside with senior management can make their way up. HR department is pathetic and least concerned about employees.

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  • Salary - Poor
  • +2 more
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The New India Assurance Co. Administration Officer Salary FAQs

What is the salary of Administration Officer at The New India Assurance Co. Mumbai?
Administration Officer salary at The New India Assurance Co. in Mumbai ranges between ₹6.0 Lakhs to ₹16.1 Lakhs for experience between 3 years to 7 years. According to our estimates it is 66% more than the average Administration Officer Salary in India. Salary estimates are based on 11 latest salaries received from various employees of The New India Assurance Co. Mumbai.
How does the salary of a Administration Officer at The New India Assurance Co. Mumbai compare with the average salary range for this job?
The average salary of a Administration Officer at The New India Assurance Co. is 66% more than the average salary of a Administration Officer in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than The New India Assurance Co. to a Administration Officer in Mumbai?
  • Life Insurance Corporation of India Administration Officer Salary - ₹6.4 Lakhs to ₹22.0 Lakhs per year
  • The Oriental Insurance Co. Administration Officer Salary - ₹10.6 Lakhs to ₹13.0 Lakhs per year
What is the salary of a Administration Officer in companies similar to The New India Assurance Co. in Mumbai?
  • National Insurance Company Administration Officer Salary - ₹6.0 Lakhs to ₹8.7 Lakhs per year
  • Podar International School Administration Officer Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
  • Export-Import Bank of India Administration Officer Salary - ₹3.8 Lakhs to ₹5.3 Lakhs per year
What is the estimated take home salary of a Administration Officer at The New India Assurance Co. in Mumbai?
The estimated take-home salary of a Administration Officer at The New India Assurance Co. ranges between ₹75,352 per month to ₹77,303 per month in Mumbai. The take-home salary calculation is based on the average The New India Assurance Co. Administration Officer salary in India which ranges between ₹6.0 Lakhs to ₹16.1 Lakhs per year for employees with experience between 3 years to 7 years. Check how did we calculate take home salary?
What is the notice period for Administration Officer at The New India Assurance Co. in Mumbai?
According to AmbitionBox, 100% of the The New India Assurance Co. Administration Officers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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The New India Assurance Co. Administration Officer salary in Mumbai ranges between ₹6 Lakhs to ₹16.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..