Universal Sompo General Insurance Bancassurance Manager Salaries by 4 Employees (Updated 2025)

4 - 8 years exp.

₹3.7 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

27% less than the average Bancassurance Manager Salary in Insurance Companies for 4 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Bancassurance Manager Salary 4 - 6 years exp. (3 salaries)	₹3.7 L/yr - ₹4.2 L/yr
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Sales & Business Development Bancassurance Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 8 Mar 2025

Companies similar to Universal Sompo General Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
Ageas Federal Life Insurance Bancassurance Manager Salary 2 - 8 years exp. (7 salaries)	₹4 L/yr - ₹4.8 L/yr 14% more
Aditya Birla Health Insurance Co Bancassurance Manager Salary 0 - 7 years exp. (7 salaries)	₹3.3 L/yr - ₹4.5 L/yr 2% more
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Cholamandalam MS General Insurance Bancassurance Manager Salary 0 - 2 years exp. (6 salaries)	₹3.5 L/yr - ₹3.9 L/yr 5% less
Future Generali India Life Insurance Bancassurance Manager Salary 8 - 12 years exp. (5 salaries)	₹3 L/yr - ₹7.8 L/yr 66% more
Magma HDI General Insurance Bancassurance Manager Salary 6 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 51% more
Edelweiss Life Insurance Bancassurance Manager Salary 0 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹8 L/yr 17% more
ManipalCigna Health Insurance Bancassurance Manager Salary 5 - 11 years exp. (4 salaries)	₹3.5 L/yr - ₹6.4 L/yr 17% more

Bancassurance Manager salary at Universal Sompo General Insurance ranges between ₹3.7 Lakhs to ₹5 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Bancassurance Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

Similar Designation salaries in Universal Sompo General Insurance

Cluster Manager Salary

(6 salaries)

₹6.52 L/yr - ₹12.48 L/yr

Sales Manager Salary

(13 salaries)

₹2.05 L/yr - ₹6.5 L/yr

Area Manager Salary

(4 salaries)

₹4.85 L/yr - ₹6.75 L/yr

Relationship Manager Salary

(250 salaries)

₹2 L/yr - ₹6.4 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Senior Relationship Manager Salary

(11 salaries)

₹5 L/yr - ₹7 L/yr

Relationship Officer Salary

(4 salaries)

₹2.6 L/yr - ₹4.5 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Salary related reviews for Universal Sompo General Insurance

4.5

Rated by 4 employees for salary & benefits

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.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Universal Sompo General Insurance Bancassurance Manager Salary FAQs

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

The average salary of a Bancassurance Manager at Universal Sompo General Insurance in India typically ranges from ₹3.7 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Bancassurance Manager at Universal Sompo General Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Bancassurance 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 Bancassurance Manager at Universal Sompo General Insurance in India?

The estimated take-home salary of a Bancassurance Manager at Universal Sompo General Insurance in India typically ranges from ₹29,240 to ₹30,615 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 4 years to 8 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 Bancassurance Manager in India?

Future Generali India Life Insurance	₹3.0 Lakhs to ₹7.8 Lakhs per year
Magma HDI General Insurance	₹4.5 Lakhs to ₹6.5 Lakhs per year
ManipalCigna Health Insurance	₹3.5 Lakhs to ₹6.4 Lakhs per year
Edelweiss Life Insurance	₹2.8 Lakhs to ₹8.0 Lakhs per year
Ageas Federal Life Insurance	₹4.0 Lakhs to ₹4.8 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 Bancassurance Manager in companies similar to Universal Sompo General Insurance in India?

The salary of a Bancassurance 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:

Aditya Birla Health Insurance Co	₹3.3 Lakhs to ₹4.5 Lakhs per year
Cholamandalam MS General Insurance	₹3.5 Lakhs to ₹3.9 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 Bancassurance Manager at Universal Sompo General Insurance in India?

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

Experience	Average Salary Range
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
5 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
6 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Universal Sompo General Insurance Bancassurance Manager Salaries

Universal Sompo General Insurance Bancassurance Manager salary in India ranges between ₹3.7 Lakhs to ₹5 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.

Universal Sompo General Insurance Bancassurance Manager salaries in India (Updated 2025)

Companies similar to Universal Sompo General Insurance for Bancassurance Manager

Latest annual salaries shared by Universal Sompo General Insurance Bancassurance Manager

Experience wise Universal Sompo General Insurance Bancassurance Manager salaries

Similar Designation salaries in Universal Sompo General Insurance

Salary related reviews for Universal Sompo General Insurance

Relationship Manager in Guwahati

Deputy Manager in Andheri

Sales Manager in Bareilly

Relationship Manager in Raghunathganj

Assistant Manager in Navi Mumbai

Universal Sompo General Insurance Bancassurance Manager Salary FAQs

Tell us how to improve this page.