Universal Sompo General Insurance Area Manager Salaries by 4 Employees (Updated 2024)

8 - 10 years exp.

₹4.9 Lakhs - ₹6.8 Lakhs

Low Confidence

Salary of majority employees

42% less than the average Area Manager Salary in Insurance Companies for 8 - 10 years of experience

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Last Updated: 26 Jun 2024

Companies similar to Universal Sompo General Insurance for Area Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Area Manager Salary 5 - 17 years exp. (67 salaries)	₹6.8 L/yr - ₹18.8 L/yr 124% more
HDFC Ergo General Insurance Area Manager Salary 7 - 20 years exp. (41 salaries)	₹6.6 L/yr - ₹12.5 L/yr 69% more
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Bajaj Allianz General Insurance Area Manager Salary 7 - 15 years exp. (16 salaries)	₹5.2 L/yr - ₹18 L/yr 88% more
Reliance General Insurance Area Manager Salary 8 - 18 years exp. (20 salaries)	₹6.9 L/yr - ₹21 L/yr 131% more
Tata AIG Area Manager Salary 6 - 19 years exp. (23 salaries)	₹6.3 L/yr - ₹13 L/yr 68% more
SBI General Insurance Area Manager Salary 3 - 21 years exp. (6 salaries)	₹9 L/yr - ₹15.2 L/yr 111% more
Future Generali India Life Insurance Area Manager Salary 13 - 19 years exp. (40 salaries)	₹10.1 L/yr - ₹18.5 L/yr 184% more	3 job openings
Cholamandalam MS General Insurance Area Manager Salary 5 - 16 years exp. (116 salaries)	₹4.5 L/yr - ₹13.5 L/yr 59% more
Bharti AXA Life Insurance Area Manager Salary 7 - 19 years exp. (38 salaries)	₹6.1 L/yr - ₹16.5 L/yr 89% more
Aviva Life Insurance India Area Manager Salary 7 - 21 years exp. (40 salaries)	₹7 L/yr - ₹14 L/yr 109% more
Aditya Birla Health Insurance Co Area Manager Salary 7 - 18 years exp. (30 salaries)	₹5 L/yr - ₹16.5 L/yr 106% more
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ManipalCigna Health Insurance Area Manager Salary 11 - 20 years exp. (27 salaries)	₹7.2 L/yr - ₹12.5 L/yr 85% more
Shriram General Insurance Area Manager Salary 12 - 20 years exp. (25 salaries)	₹8.3 L/yr - ₹15 L/yr 94% more
Edelweiss Tokio 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 7 - 17 years exp. (8 salaries)	₹8 L/yr - ₹13 L/yr 87% more
Royal Sundaram General Insurance Area Manager Salary 11 - 19 years exp. (7 salaries)	₹9 L/yr - ₹18.5 L/yr 102% more
Ageas Federal Life Insurance Area Manager Salary 9 - 20 years exp. (5 salaries)	₹10 L/yr - ₹17 L/yr 158% more
Digit Insurance Area Manager Salary 7 - 14 years exp. (5 salaries)	₹5 L/yr - ₹8.5 L/yr 38% more
Allianz Partners Area Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 23% 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
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10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr

Similar Designation salaries in Universal Sompo General Insurance

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Deputy Manager Salary

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Regional Manager Salary

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Marketing Manager Salary

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Territory Manager Salary

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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

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.

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.

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.

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 .

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

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Universal Sompo General Insurance Area Manager Salary FAQs

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

Area Manager salary at Universal Sompo General Insurance in India ranges between ₹4.9 Lakhs to ₹6.8 Lakhs for experience between 8 years to 10 years. According to our estimates it is 42% less than the average Area Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance India.

How does the salary of a Area Manager at Universal Sompo General Insurance India compare with the average salary range for this job?

The average salary of a Area Manager at Universal Sompo General Insurance is 42% less than the average salary of a Area Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Universal Sompo General Insurance to a Area Manager in India?

Future Generali India Life Insurance Area Manager Salary - ₹10.1 Lakhs to ₹18.5 Lakhs per year
Edelweiss Tokio Life Insurance Area Manager Salary - ₹10.0 Lakhs to ₹16.7 Lakhs per year
Ageas Federal Life Insurance Area Manager Salary - ₹10.0 Lakhs to ₹17.0 Lakhs per year
Reliance General Insurance Area Manager Salary - ₹6.9 Lakhs to ₹21.0 Lakhs per year
ICICI Lombard General Insurance Company Area Manager Salary - ₹6.8 Lakhs to ₹18.8 Lakhs per year

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

SBI General Insurance Area Manager Salary - ₹9.0 Lakhs to ₹15.2 Lakhs per year
Aviva Life Insurance India Area Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co Area Manager Salary - ₹5.0 Lakhs to ₹16.5 Lakhs per year
Royal Sundaram General Insurance Area Manager Salary - ₹9.0 Lakhs to ₹18.5 Lakhs per year
Shriram General Insurance Area Manager Salary - ₹8.3 Lakhs to ₹15.0 Lakhs per year

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 ranges between ₹41,544 per month to ₹42,686 per month in India. The take-home salary calculation is based on the average Universal Sompo General Insurance Area Manager salary in India which ranges between ₹4.9 Lakhs to ₹6.8 Lakhs per year for employees with experience between 8 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Universal Sompo General Insurance?

According to AmbitionBox, 50% of the Universal Sompo General Insurance Area Managers reported a notice period of 2 Months, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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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.