Universal Sompo General Insurance Claim Processor Salaries by 6 Employees

1 - 11 years exp.

₹2.8 Lakhs - ₹5.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

51% more than the average Claim Processor Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Claim Processor Salary 5 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.8 L/yr
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Healthcare & Life Sciences Claim Processor Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

Last Updated: 7 Jan 2024

Companies similar to Universal Sompo General Insurance for Claim Processor

Company name	Avg Annual Salary	Open Jobs
Medi Assist India Claim Processor Salary 1 - 6 years exp. (73 salaries)	₹2 L/yr - ₹5 L/yr 12% less
Paramount Health Services Tpa Claim Processor Salary 1 - 7 years exp. (9 salaries)	₹2.9 L/yr - ₹3 L/yr 30% less
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Allianz Partners Claim Processor Salary 4 - 6 years exp. (6 salaries)	₹4.3 L/yr - ₹4.5 L/yr 5% more
Royal Sundaram General Insurance Claim Processor Salary 0 - 7 years exp. (5 salaries)	₹2.2 L/yr - ₹4.2 L/yr 19% less
Cholamandalam MS General Insurance Claim Processor Salary 2 - 5 years exp. (5 salaries)	₹2.2 L/yr - ₹4.2 L/yr 10% less
Aditya Birla Health Insurance Co Claim Processor Salary 0 - 9 years exp. (4 salaries)	₹3 L/yr - ₹6.5 L/yr 7% more
Future Generali India Life Insurance Claim Processor Salary 1 - 7 years exp. (3 salaries)	₹3.8 L/yr - ₹4.8 L/yr 3% more

Claim Processor salary at Universal Sompo General Insurance ranges between ₹2.8 Lakhs to ₹5.3 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 6 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Claim Processor salaries

Last Updated: 7 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr

View all

Similar Designation salaries in Universal Sompo General Insurance

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Computer Operator Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Sales Executive Salary

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MIS Executive Salary

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₹3.05 L/yr - ₹3.8 L/yr

Analyst Salary

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₹4.4 L/yr - ₹5.6 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Sales Coordinator Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Data Entry Operator Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Top skills at Universal Sompo General Insurance for Claim Processor

Claims General Insurance Claims Processing Claims Management Health Insurance Claim Settlement Claims Adjudication TPA Insurance Broking

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

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.

Claims Executive in Lucknow

BFSI, Investments & Trading Department

3.0

• posted on 26 Jun 2021

2.0

for Salary and Benefits

Likes

good company with supportive team but appraisals are not fair very nominal hike in compare to work load

Dislikes

there is lot of politics and crabculture in here no job training is given to new joinees salary is fair but no growth in carrier

Salary - Poor

+5 more

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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 Claim Processor Salary FAQs

What is the salary of Claim Processor at Universal Sompo General Insurance ?

The average salary of a Claim Processor at Universal Sompo General Insurance in India typically ranges from ₹2.8 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Claim Processor at Universal Sompo General Insurance earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Claim Processor 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 6 Universal Sompo General Insurance employees in India.

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

The estimated take-home salary of a Claim Processor at Universal Sompo General Insurance in India typically ranges from ₹31,282 to ₹32,577 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 1 year to 11 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 6 salaries received from various employees of Universal Sompo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Claim Processor at Universal Sompo General Insurance ?

To be a Claim Processor at Universal Sompo General Insurance in india, the key skills required include:

- Claims
- General Insurance
- Claims Processing
- Claims Management
- Health Insurance

These skills are highly valued at Universal Sompo General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Universal Sompo General Insurance for Claim Processor in India?

Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹6.5 Lakhs per year
Allianz Partners	₹4.3 Lakhs to ₹4.5 Lakhs per year
Future Generali India Life Insurance	₹3.8 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 Claim Processor in companies similar to Universal Sompo General Insurance in India?

The salary of a Claim Processor 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:

Cholamandalam MS General Insurance	₹2.2 Lakhs to ₹4.2 Lakhs per year
Medi Assist India	₹2.0 Lakhs to ₹5.0 Lakhs per year
Royal Sundaram General Insurance	₹2.2 Lakhs to ₹4.2 Lakhs per year
Paramount Health Services Tpa	₹2.9 Lakhs to ₹3.0 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 Claim Processor at Universal Sompo General Insurance in India?

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

Experience	Average Salary Range
1 year	₹3.2 Lakhs to ₹4.0 Lakhs per year
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
4 years	₹3.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Universal Sompo General Insurance Claim Processor Salaries

Universal Sompo General Insurance Claim Processor salary in India ranges between ₹2.8 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Universal Sompo General Insurance latest salaries received from various employees of Universal Sompo General Insurance.