Universal Sompo General Insurance Product Manager Salaries by 4 Employees

6 - 16 years exp.

₹14.5 Lakhs - ₹24.5 Lakhs

Low Confidence

Salary of majority employees

16% less than the average Product Manager Salary in Insurance Companies for 6 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Product Manager Salary 13 - 16 years exp. (3 salaries)	₹14.8 L/yr - ₹24.5 L/yr
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Sales & Business Development Product Manager Salary 6 years exp. (AmbitionBox Estimate)	₹13.1 L/yr - ₹16 L/yr

Last Updated: 22 Nov 2024

Companies similar to Universal Sompo General Insurance for Product Manager

Company name	Avg Annual Salary	Open Jobs
Principal Global Services Product Manager Salary 8 - 14 years exp. (13 salaries)	₹26.5 L/yr - ₹44 L/yr 86% more
ManipalCigna Health Insurance Product Manager Salary 2 - 14 years exp. (9 salaries)	₹9.9 L/yr - ₹18.4 L/yr 26% less
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Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (8 salaries)	₹9 L/yr - ₹25.5 L/yr 11% less
Medi Assist India Product Manager Salary 2 - 4 years exp. (8 salaries)	₹10.6 L/yr - ₹24 L/yr 11% more
Edelweiss Life Insurance Product Manager Salary 1 - 18 years exp. (8 salaries)	₹11 L/yr - ₹21 L/yr 18% less
Liberty General Insurance Product Manager Salary 1 - 4 years exp. (8 salaries)	₹6.5 L/yr - ₹9.2 L/yr 54% less	1 job opening
Royal Sundaram General Insurance Product Manager Salary 0 - 13 years exp. (5 salaries)	₹6.2 L/yr - ₹14.8 L/yr 43% less
MetLife Product Manager Salary 5 - 24 years exp. (4 salaries)	₹20 L/yr - ₹28.5 L/yr 31% more
Ageas Federal Life Insurance Product Manager Salary 7 - 9 years exp. (4 salaries)	₹14 L/yr - ₹21 L/yr 1% more
Bharti AXA Life Insurance Product Manager Salary 4 - 7 years exp. (4 salaries)	₹10.4 L/yr - ₹16 L/yr 24% less
Future Generali India Life Insurance Product Manager Salary 0 - 6 years exp. (4 salaries)	₹3 L/yr - ₹11.5 L/yr 60% less
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Allianz Partners Product Manager Salary 3 - 6 years exp. (3 salaries)	₹10 L/yr - ₹12.5 L/yr 36% less
Aegon Life Insurance Product Manager Salary 0 - 7 years exp. (3 salaries)	₹6.5 L/yr - ₹12 L/yr 44% less
Bajaj Capital Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	₹2.4 L/yr - ₹13.5 L/yr 58% less

Product Manager salary at Universal Sompo General Insurance ranges between ₹14.5 Lakhs to ₹24.5 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Product Manager salaries

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
13 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
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14 years (AmbitionBox Estimate)	₹17.1 L/yr - ₹21.9 L/yr
15+ years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr

Similar Designation salaries in Universal Sompo General Insurance

Project Manager Salary

(AmbitionBox Estimate)

₹11 L/yr - ₹14 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Business Analyst Salary

(7 salaries)

₹4 L/yr - ₹8 L/yr

Senior Business Analyst Salary

(AmbitionBox Estimate)

₹10.4 L/yr - ₹13.2 L/yr

Assistant Vice President Salary

(6 salaries)

₹17.22 L/yr - ₹28.25 L/yr

Salary related reviews for Universal Sompo General Insurance

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 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

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

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.

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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

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Universal Sompo General Insurance Product Manager Salary FAQs

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

The average salary of a Product Manager at Universal Sompo General Insurance in India typically ranges from ₹14.5 Lakhs to ₹24.5 Lakhs per year, depending on experience (from 6 years to 16 years).

The top 10% of Product Manager at Universal Sompo General Insurance earn more than ₹24.5 Lakhs per year, and the top 1% earn over ₹24.5 Lakhs per year. Product 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 Product Manager at Universal Sompo General Insurance in India?

The estimated take-home salary of a Product Manager at Universal Sompo General Insurance in India typically ranges from ₹1,22,089 to ₹1,25,625 per month. This is based on the average salary range of ₹14.5 Lakhs to ₹24.5 Lakhs per year for employees with experience ranging from 6 years to 16 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 Product Manager in India?

Principal Global Services	₹26.5 Lakhs to ₹44.0 Lakhs per year
MetLife	₹20.0 Lakhs to ₹28.5 Lakhs per year
Medi Assist India	₹10.6 Lakhs to ₹24.0 Lakhs per year
Ageas Federal Life Insurance	₹14.0 Lakhs to ₹21.0 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 Product Manager in companies similar to Universal Sompo General Insurance in India?

The salary of a Product 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	₹9.0 Lakhs to ₹25.5 Lakhs per year
Edelweiss Life Insurance	₹11.0 Lakhs to ₹21.0 Lakhs per year
Bharti AXA Life Insurance	₹10.4 Lakhs to ₹16.0 Lakhs per year
ManipalCigna Health Insurance	₹9.9 Lakhs to ₹18.4 Lakhs per year
Allianz Partners	₹10.0 Lakhs to ₹12.5 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 Product Manager at Universal Sompo General Insurance in India?

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

Experience	Average Salary Range
6 years	₹13.1 Lakhs to ₹16.7 Lakhs per year
13 years	₹13.3 Lakhs to ₹17.0 Lakhs per year
14 years	₹17.1 Lakhs to ₹21.9 Lakhs per year
15 years	₹22.1 Lakhs to ₹28.2 Lakhs per year

and so on.

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Universal Sompo General Insurance Product Manager Salaries

Universal Sompo General Insurance Product Manager salary in India ranges between ₹14.5 Lakhs to ₹24.5 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.