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The New India Assurance Co. Assistant Manager salaries in India (Updated 2025)

Annual salary range
4 - 11 years exp.
₹10 Lakhs - ₹19 Lakhs
Salary of majority employees
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77% more than the average Assistant Manager Salary in Insurance Companies for 4 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
4 - 11 years exp. (15 salaries)
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₹10 L/yr - ₹18 L/yr

Finance & Accounting
Assistant Manager Salary
6 - 11 years exp. (7 salaries)
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₹12 L/yr - ₹16 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹15 L/yr - ₹17.5 L/yr

Administration & Facilities
Assistant Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹15 L/yr - ₹15.8 L/yr

Risk Management & Compliance
Assistant Manager Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹14.7 L/yr - ₹18 L/yr

Last Updated: 26 Feb 2025

Companies similar to The New India Assurance Co. for Assistant Manager

Company name Avg Annual Salary Open Jobs
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₹2.8 L/yr - ₹9.5 L/yr

arrow icon 59% less
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₹2.3 L/yr - ₹7.5 L/yr

arrow icon 66% less
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₹4.5 L/yr - ₹10.7 L/yr

arrow icon 47% less
3 job openings
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₹2.5 L/yr - ₹8 L/yr

arrow icon 68% less
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Tata AIG Assistant Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.3 L/yr - ₹8.5 L/yr

arrow icon 60% less
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MetLife Assistant Manager Salary

4 - 15 years exp. (873 salaries)

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₹7.4 L/yr - ₹30 L/yr

arrow icon 22% more
1 job opening
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₹2 L/yr - ₹4.8 L/yr

arrow icon 75% less
1 job opening
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (644 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 71% less
10 job openings
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (575 salaries)

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₹3.8 L/yr - ₹14 L/yr

arrow icon 40% less
35 job openings
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₹3 L/yr - ₹7.5 L/yr

arrow icon 64% less
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Assistant Manager salary at The New India Assurance Co. ranges between ₹10 Lakhs to ₹19 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 46 latest salaries received from various employees of The New India Assurance Co..

Latest annual salaries shared by The New India Assurance Co. Assistant Manager

3d ago
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11 years exp.
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9 years exp.
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10 years exp.
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10 years exp.
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8 years exp.
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8 years exp.
11mo ago
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Experience wise The New India Assurance Co. Assistant Manager salaries

Last Updated: 26 Feb 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹10 L/yr - ₹25.5 L/yr
5 years  (6 salaries)

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₹10.2 L/yr - ₹15 L/yr
6 years  (6 salaries)

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₹10 L/yr - ₹26.2 L/yr
7 years  (11 salaries)

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₹10.5 L/yr - ₹18 L/yr
8 years  (11 salaries)

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₹10.5 L/yr - ₹19 L/yr
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The New India Assurance Co. Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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4 - 11 years exp.

Regional Manager

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30 - 32 years exp.

Assistant Manager 4 - 11 years exp.
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Senior Divisional Manager 21 - 33 years exp.
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arrow icon 79% hike
    Regional Manager 30 - 32 years exp.
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    arrow icon -12% hike

    From

    To

    Assistant Manager

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    4 - 11 years exp.

    Deputy Manager

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    7 - 13 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.

    Department Manager Salary
    (AmbitionBox Estimate)
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    ₹8.1 L/yr - ₹10.4 L/yr
    Assistant Branch Manager Salary
    (AmbitionBox Estimate)
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    ₹13.5 L/yr - ₹17.3 L/yr
    Operations Manager Salary
    (AmbitionBox Estimate)
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    ₹8.1 L/yr - ₹10.4 L/yr
    Branch Manager Salary
    (10 salaries)
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    ₹10 L/yr - ₹18.5 L/yr
    Deputy Manager Salary
    (9 salaries)
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    ₹17 L/yr - ₹26 L/yr
    Sales Manager Salary
    (AmbitionBox Estimate)
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    ₹0.9 L/yr - ₹1.2 L/yr
    Team Lead Salary
    (AmbitionBox Estimate)
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    ₹3.2 L/yr - ₹4 L/yr
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    ₹5.2 L/yr - ₹12 L/yr
    Operations Executive Salary
    (AmbitionBox Estimate)
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    ₹3.4 L/yr - ₹4.4 L/yr
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    Salary related reviews for The New India Assurance Co.

    4.3

    Rated by 9 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. Assistant Manager Salary FAQs

    What is the salary of Assistant Manager at The New India Assurance Co.?
    Assistant Manager salary at The New India Assurance Co. in India ranges between ₹10.0 Lakhs to ₹19.0 Lakhs for experience between 4 years to 11 years. According to our estimates it is 77% more than the average Assistant Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of The New India Assurance Co. India.
    How does the salary of a Assistant Manager at The New India Assurance Co. India compare with the average salary range for this job?
    The average salary of a Assistant Manager at The New India Assurance Co. is 77% more than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.
    Which similar companies are paying more than The New India Assurance Co. to a Assistant Manager in India?
    • MetLife Assistant Manager Salary - ₹7.4 Lakhs to ₹30.0 Lakhs per year
    • Principal Global Services Assistant Manager Salary - ₹13.0 Lakhs to ₹21.0 Lakhs per year
    • United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
    What is the salary of a Assistant Manager in companies similar to The New India Assurance Co. in India?
    • National Insurance Company Assistant Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
    • The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year
    • Gallagher Assistant Manager Salary - ₹6.5 Lakhs to ₹12.2 Lakhs per year
    • Tata AIA Life Insurance Assistant Manager Salary - ₹3.8 Lakhs to ₹14.0 Lakhs per year
    • Allianz Partners Assistant Manager Salary - ₹5.3 Lakhs to ₹12.1 Lakhs per year
    What is the estimated take home salary of a Assistant Manager at The New India Assurance Co. in India?
    The estimated take-home salary of a Assistant Manager at The New India Assurance Co. ranges between ₹1,02,966 per month to ₹1,05,783 per month in India. The take-home salary calculation is based on the average The New India Assurance Co. Assistant Manager salary in India which ranges between ₹10.0 Lakhs to ₹19.0 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?
    What is the notice period for Assistant Manager at The New India Assurance Co.?
    According to AmbitionBox, 50% of the The New India Assurance Co. Assistant Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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    The New India Assurance Co. Assistant Manager salary in India ranges between ₹10 Lakhs to ₹19 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 46 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..