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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
Avg. annual salary
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Monthly In-hand Salary

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67% 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 - ₹10.1 L/yr

Finance & Accounting
Administration Officer Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹12.1 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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₹17.4 L/yr - ₹30.1 L/yr

arrow icon 69% more
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₹10.6 L/yr - ₹13 L/yr

arrow icon 1% more
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₹6 L/yr - ₹8.7 L/yr

arrow icon 22% less
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₹4 L/yr - ₹6.5 L/yr

arrow icon 44% less
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₹3.8 L/yr - ₹5.3 L/yr

arrow icon 56% 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

1y ago
₹15 Lakhs
4 years exp.
1y ago
₹6 Lakhs
4 years exp.

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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₹9.9 L/yr - ₹12.6 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 - ₹19.5 L/yr
6 years (AmbitionBox Estimate)

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₹9.7 L/yr - ₹12.4 L/yr
7 years (AmbitionBox Estimate)

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₹9.6 L/yr - ₹12.3 L/yr
The New India Assurance Co. Administration Officer Salary and Career Growth

From

To

Administration Officer

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1 - 8 years exp.

Deputy Manager

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0 - 13 years exp.

Administration Officer 1 - 8 years exp.
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Assistant Manager 4 - 11 years exp.
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arrow icon 39% hike
    Deputy Manager 0 - 13 years exp.
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    arrow icon 33% hike

    From

    To

    Administration Officer

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    1 - 8 years exp.

    Regional Manager

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    30 - 32 years exp.

    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 The New India Assurance Co.

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    ₹5.9 L/yr - ₹7.5 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.

    read more
    • 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,

    read more
    • 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.

    read more

    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,

    read more
    • 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.

    read more
    • Skill development - Poor
    • +1 more

    Full Time

     · 

    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

     · 

    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
    see more salary related reviews

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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. in Mumbai?
    The average salary of a Administration Officer at The New India Assurance Co. in Mumbai typically ranges from ₹6.0 Lakhs to ₹16.1 Lakhs per year, depending on experience (from 3 years to 7 years).

    The top 10% of Administration Officer in Mumbai at The New India Assurance Co. earn more than ₹15.4 Lakhs per year, and the top 1% earn over ₹16.1 Lakhs per year. Administration Officer Salaries at The New India Assurance Co. 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 10+ The New India Assurance Co. employees in India.
    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. in Mumbai typically ranges from ₹77,660 to ₹79,676 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹16.1 Lakhs per year for employees with experience ranging from 3 years to 7 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 10+ salaries received from various employees of The New India Assurance Co.. Check how we calculate in-hand salary with our in-hand salary calculator.
    Which companies offer higher salaries than The New India Assurance Co. for Administration Officer in India?
    Life Insurance Corporation of India ₹17.4 Lakhs to ₹30.1 Lakhs per year
    The Oriental Insurance Co. ₹10.6 Lakhs to ₹13.0 Lakhs per year

    These companies are known for offering competitive compensation packages that can exceed the salary offered by The New India Assurance Co., depending on the role and experience level.
    What is the salary of a Administration Officer in companies similar to The New India Assurance Co. in Mumbai?
    The salary of a Administration Officer at companies similar to The New India Assurance Co. in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    National Insurance Company ₹6.0 Lakhs to ₹8.7 Lakhs per year
    Podar International School ₹4.0 Lakhs to ₹6.5 Lakhs per year
    Export-Import Bank of India ₹3.8 Lakhs to ₹5.3 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 Administration Officer at The New India Assurance Co. in Mumbai?
    The salary growth for a Administration Officer at The New India Assurance Co. in Mumbai depends on factors such as experience, performance, and promotions. On average, a Administration Officer in Mumbai can expect the following growth trajectory at The New India Assurance Co.:

    Experience Average Salary Range
    3 years ₹9.9 Lakhs to ₹12.6 Lakhs per year
    4 years ₹6.0 Lakhs to ₹15.0 Lakhs per year
    5 years ₹8.0 Lakhs to ₹19.5 Lakhs per year
    6 years ₹9.7 Lakhs to ₹12.4 Lakhs per year
    and so on.

    Tell us how to improve this page.

    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..