Universal Sompo General Insurance Area Manager Salaries by 4 Employees

8 - 10 years exp.

₹4.9 Lakhs - ₹6.8 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Area Manager Salary in Insurance Companies for 8 - 10 years of experience

Interested in this particular role?

Last Updated: 26 Jun 2024

Companies similar to Universal Sompo General Insurance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Area Manager Salary 8 - 17 years exp. (115 salaries)	₹5.3 L/yr - ₹16.9 L/yr 71% more
Future Generali India Life Insurance Area Manager Salary 13 - 19 years exp. (43 salaries)	₹10.5 L/yr - ₹20 L/yr 180% more	2 job openings
Login to view exact salary
Bharti AXA Life Insurance Area Manager Salary 6 - 19 years exp. (38 salaries)	₹6.1 L/yr - ₹16.5 L/yr 88% more
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (35 salaries)	₹7 L/yr - ₹14 L/yr 99% more
Aditya Birla Health Insurance Co Area Manager Salary 7 - 18 years exp. (31 salaries)	₹4.5 L/yr - ₹16.5 L/yr 86% more
ManipalCigna Health Insurance Area Manager Salary 13 - 19 years exp. (24 salaries)	₹6 L/yr - ₹15 L/yr 89% more
Shriram General Insurance Area Manager Salary 12 - 20 years exp. (26 salaries)	₹8.3 L/yr - ₹15 L/yr 103% more
Liberty General Insurance Area Manager Salary 9 - 20 years exp. (24 salaries)	₹12.4 L/yr - ₹18.4 L/yr 170% more
Edelweiss Life Insurance Area Manager Salary 12 - 20 years exp. (16 salaries)	₹10 L/yr - ₹16.7 L/yr 158% more
IndiaFirst Life Insurance Area Manager Salary 13 - 17 years exp. (8 salaries)	₹9 L/yr - ₹16 L/yr 122% more
Royal Sundaram General Insurance Area Manager Salary 11 - 19 years exp. (7 salaries)	₹9 L/yr - ₹18.5 L/yr 102% more
Login to view exact salary
Ageas Federal Life Insurance Area Manager Salary 15 - 19 years exp. (5 salaries)	₹16.3 L/yr - ₹21 L/yr 244% more
CignaTTk Health Insurance Area Manager Salary 7 - 14 years exp. (5 salaries)	₹8.6 L/yr - ₹10.5 L/yr 80% more
Magma HDI General Insurance Area Manager Salary 5 - 10 years exp. (5 salaries)	₹8.8 L/yr - ₹16.3 L/yr 143% more
Bajaj Capital Insurance Area Manager Salary 5 - 13 years exp. (5 salaries)	₹4 L/yr - ₹6.2 L/yr 3% less
Aegon Life Insurance Area Manager Salary 11 - 19 years exp. (4 salaries)	₹12 L/yr - ₹14 L/yr 136% more
Allianz Partners Area Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 23% more
Aegon Religare Life Insurance Area Manager Salary 16 - 20 years exp. (3 salaries)	₹10 L/yr - ₹20 L/yr 143% more

Area Manager salary at Universal Sompo General Insurance ranges between ₹4.9 Lakhs to ₹6.8 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Area Manager salaries

Last Updated: 26 Jun 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.9 L/yr
Login to view exact salary
10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr

Similar Designation salaries in Universal Sompo General Insurance

Sales Manager Salary

(13 salaries)

₹2.05 L/yr - ₹6.5 L/yr

Branch Manager Salary

(26 salaries)

₹8 L/yr - ₹14.15 L/yr

Area Sales Manager Salary

(4 salaries)

₹14.43 L/yr - ₹15.8 L/yr

Cluster Manager Salary

(6 salaries)

₹6.52 L/yr - ₹12.48 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Regional Manager Salary

(4 salaries)

₹4.1 L/yr - ₹17 L/yr

Marketing Manager Salary

(5 salaries)

₹2.25 L/yr - ₹11.75 L/yr

Territory Manager Salary

(3 salaries)

₹4 L/yr - ₹13.4 L/yr

Team Lead Salary

(5 salaries)

₹2.7 L/yr - ₹7 L/yr

Sales Officer Salary

(4 salaries)

₹2 L/yr - ₹2.4 L/yr

Salary related reviews for Universal Sompo General Insurance

Relationship Manager in Guwahati

Full Time

Sales & Business Development Department

1.0

• posted on 22 Feb 2023

3.0

for Salary and Benefits

Likes

...one month later senior management used to call will fire you, will give lwp etc. You cannot expect anything rather than salary on time. No notice period negotiable policy. Very poor work life balance.

Dislikes

Anything except salary and friends

Job security - Bad

+4 more

Deputy Manager in Andheri

BFSI, Investments & Trading Department

1.0

• posted on 19 Apr 2022

1.0

for Salary and Benefits

Likes

Not so much.

Dislikes

Horrible culture. Compensation is horrible. Not enough growth to learn. No new activities. The CIO has zero leadership quality. Unethical behaviour, only think abt himselves no team meeting with any team members during lockdown. Not a great company to look at.

Salary - Bad

+5 more

Sales Manager in Bareilly

Sales & Business Development Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

The employees don't get the local conveyance so it should be provided.

Relationship Manager in Raghunathganj

Finance & Accounting Department

5.0

• posted on 28 Aug 2018

4.0

for Salary and Benefits

Likes

The company is open to innovation and reaily adopts latest technology. I love the fact that I am a part of a team that makes reliable.

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes,. I have to work 14-18 hours straight in a days as I have to attend clint calls in the evening and sometimes late into the night.

Assistant Manager in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 20 Jun 2022

5.0

for Salary and Benefits

Likes

I have learnt a lot in USGI like skill development, good environment to work, supportive mangement .

Salary - Excellent

+6 more

Dislikes

There is a lot of politics from last 1 year and management doesn't address our issue, salary is decent but career growth is slow.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Universal Sompo General Insurance?

Ask anonymously on communities.

Universal Sompo General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Universal Sompo General Insurance ?

The average salary of a Area Manager at Universal Sompo General Insurance in India typically ranges from ₹4.9 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 8 years to 10 years).

The top 10% of Area Manager at Universal Sompo General Insurance earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹6.8 Lakhs per year. Area Manager Salaries at Universal Sompo General 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 4 Universal Sompo General Insurance employees in India.

What is the estimated take home salary of a Area Manager at Universal Sompo General Insurance in India?

The estimated take-home salary of a Area Manager at Universal Sompo General Insurance in India typically ranges from ₹41,544 to ₹42,686 per month. This is based on the average salary range of ₹4.9 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 8 years to 10 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 4 salaries received from various employees of Universal Sompo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Universal Sompo General Insurance for Area Manager in India?

Ageas Federal Life Insurance	₹16.3 Lakhs to ₹21.0 Lakhs per year
Future Generali India Life Insurance	₹10.5 Lakhs to ₹20.0 Lakhs per year
Liberty General Insurance	₹12.4 Lakhs to ₹18.4 Lakhs per year
Edelweiss Life Insurance	₹10.0 Lakhs to ₹16.7 Lakhs per year
Magma HDI General Insurance	₹8.8 Lakhs to ₹16.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Universal Sompo General Insurance, depending on the role and experience level.

What is the salary of a Area Manager in companies similar to Universal Sompo General Insurance in India?

The salary of a Area Manager at companies similar to Universal Sompo General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aegon Religare Life Insurance	₹10.0 Lakhs to ₹20.0 Lakhs per year
Aegon Life Insurance	₹12.0 Lakhs to ₹14.0 Lakhs per year
IndiaFirst Life Insurance	₹9.0 Lakhs to ₹16.0 Lakhs per year
Shriram General Insurance	₹8.3 Lakhs to ₹15.0 Lakhs per year
Royal Sundaram General Insurance	₹9.0 Lakhs to ₹18.5 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 Area Manager at Universal Sompo General Insurance in India?

The salary growth for a Area Manager at Universal Sompo General Insurance depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at Universal Sompo General Insurance:

Experience	Average Salary Range
8 years	₹2.0 Lakhs to ₹5.4 Lakhs per year
9 years	₹4.8 Lakhs to ₹9.9 Lakhs per year
10 years	₹5.4 Lakhs to ₹6.8 Lakhs per year

and so on.

Tell us how to improve this page.

Universal Sompo General Insurance Area Manager Salaries by Location

Home >
Salaries >
Universal Sompo General Insurance Salaries >
Universal Sompo General Insurance Area Manager Salaries

Universal Sompo General Insurance Area Manager salary in India ranges between ₹4.9 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Universal Sompo General Insurance latest salaries received from various employees of Universal Sompo General Insurance.