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The New India Assurance Co. Agent salaries in India

Annual salary range
1 - 6 years exp.
₹1.8 Lakh - ₹8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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22% more than the average Agent Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Agent Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr

Marketing & Communication
Agent Salary
4 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹4.5 L/yr

Sales & Business Development
Agent Salary
6 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹8 L/yr

Last Updated: 8 Oct 2024

Companies similar to The New India Assurance Co. for Agent

Company name Avg Annual Salary Open Jobs
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Life Insurance Corporation of India Agent Salary

1 - 10 years exp. (137 salaries)

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₹0.7 L/yr - ₹7 L/yr

arrow icon 19% less
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Axis Max Life Insurance Agent Salary

0 - 7 years exp. (25 salaries)

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₹1.9 L/yr - ₹5 L/yr

arrow icon 17% more
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SBI Life Insurance Company Agent Salary

1 - 8 years exp. (18 salaries)

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₹1 L/yr - ₹7 L/yr

arrow icon 8% less
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United India Insurance Company Agent Salary

0 - 7 years exp. (18 salaries)

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₹0.2 L/yr - ₹5 L/yr

arrow icon 32% less
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HDFC Life Agent Salary

0 - 3 years exp. (12 salaries)

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₹1.2 L/yr - ₹5 L/yr

arrow icon 15% less
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Star Health & Allied Insurance Agent Salary

0 - 6 years exp. (12 salaries)

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₹1.1 L/yr - ₹4.1 L/yr

arrow icon 21% less
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ICICI Prudential Life Insurance Agent Salary

0 - 7 years exp. (9 salaries)

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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 21% less
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Bajaj Allianz Life Insurance Agent Salary

1 - 5 years exp. (7 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 21% less
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Tata AIA Life Insurance Agent Salary

0 - 5 years exp. (6 salaries)

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₹1 L/yr - ₹6 L/yr

arrow icon 6% less
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Kotak Mahindara Life Insurance Agent Salary

0 - 5 years exp. (6 salaries)

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₹1 L/yr - ₹2.1 L/yr

arrow icon 32% less
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The Oriental Insurance Co. Agent Salary

3 - 8 years exp. (5 salaries)

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₹2 L/yr - ₹5.4 L/yr

arrow icon 1% more
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Reliance Nippon Life Insurance Agent Salary

3 - 6 years exp. (4 salaries)

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₹2.3 L/yr - ₹2.4 L/yr

arrow icon 27% less
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SBI General Insurance Agent Salary

1 - 2 years exp. (4 salaries)

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₹1.2 L/yr - ₹4 L/yr

arrow icon 44% less
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Cholamandalam MS General Insurance Agent Salary

10 - 13 years exp. (4 salaries)

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₹2 L/yr - ₹2.6 L/yr

arrow icon 30% less
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HDFC Ergo General Insurance Agent Salary

3 - 4 years exp. (4 salaries)

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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 24% less
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PNB MetLife Agent Salary

0 - 3 years exp. (4 salaries)

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₹0.6 L/yr - ₹2.5 L/yr

arrow icon 62% less
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National Insurance Company Agent Salary

1 - 4 years exp. (4 salaries)

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₹1 L/yr - ₹2.4 L/yr

arrow icon 25% less
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Allianz Partners Agent Salary

1 - 5 years exp. (3 salaries)

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₹2.8 L/yr - ₹3.7 L/yr

arrow icon 1% more
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Aditya Birla Sun Life Insurance Agent Salary

2 - 4 years exp. (3 salaries)

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₹1 L/yr - ₹7 L/yr

arrow icon 29% less
Agent salary at The New India Assurance Co. ranges between ₹1.8 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 10 latest salaries received from various employees of The New India Assurance Co..

Latest annual salaries shared by The New India Assurance Co. Agent

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Experience wise The New India Assurance Co. Agent salaries

Last Updated: 8 Oct 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.1 L/yr - ₹5 L/yr
2 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.4 L/yr
4 years  (4 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
View all

Similar Designation salaries in The New India Assurance Co.

Analyst Salary
(AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
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₹1.5 L/yr - ₹5 L/yr
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₹5.2 L/yr - ₹12 L/yr
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₹1.45 L/yr - ₹2.4 L/yr
Customer Service Associate Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Customer Service Executive Salary
(AmbitionBox Estimate)
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₹1.2 L/yr - ₹1.5 L/yr

Salary related reviews for The New India Assurance Co.

3.6

Rated by 5 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.

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

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

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

read more
  • 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.

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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The New India Assurance Co. Agent Salary FAQs

What is the salary of Agent at The New India Assurance Co. ?
The average salary of a Agent at The New India Assurance Co. in India typically ranges from ₹1.8 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Agent at The New India Assurance Co. earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Agent 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 Agent at The New India Assurance Co. in India?
The estimated take-home salary of a Agent at The New India Assurance Co. in India typically ranges from ₹22,514 to ₹23,990 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 Agent in India?
Axis Max Life Insurance ₹1.9 Lakhs to ₹5.0 Lakhs per year
Allianz Partners ₹2.8 Lakhs to ₹3.7 Lakhs per year
The Oriental Insurance Co. ₹2.0 Lakhs to ₹5.4 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 Agent in companies similar to The New India Assurance Co. in India?
The salary of a Agent at companies similar to The New India Assurance Co. in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance ₹1.0 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company ₹1.0 Lakhs to ₹7.0 Lakhs per year
HDFC Life ₹1.2 Lakhs to ₹5.0 Lakhs per year
Life Insurance Corporation of India ₹0.7 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance ₹1.2 Lakhs to ₹4.2 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 Agent at The New India Assurance Co. in India?
The salary growth for a Agent at The New India Assurance Co. depends on factors such as experience, performance, and promotions. On average, a Agent can expect the following growth trajectory at The New India Assurance Co.:

Experience Average Salary Range
1 year ₹1.1 Lakhs to ₹5.0 Lakhs per year
2 years ₹1.1 Lakhs to ₹4.5 Lakhs per year
3 years ₹1.8 Lakhs to ₹5.4 Lakhs per year
4 years ₹1.8 Lakhs to ₹4.5 Lakhs per year
and so on.

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The New India Assurance Co. Agent salary in India ranges between ₹1.8 Lakh to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..