Universal Sompo General Insurance Retail Manager Salaries by 4 Employees

5 - 15 years exp.

₹3.5 Lakhs - ₹6.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

7% more than the average Retail Manager Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Retail Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹6.8 L/yr
Marketing & Communication Retail Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
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Sales & Business Development Retail Manager Salary 15 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.2 L/yr

Last Updated: 25 Jul 2023

Companies similar to Universal Sompo General Insurance for Retail Manager

Company name	Avg Annual Salary	Open Jobs
CARS24 Retail Manager Salary 3 - 12 years exp. (427 salaries)	₹2.7 L/yr - ₹7.2 L/yr 16% less
Reliance Retail Retail Manager Salary 0 - 12 years exp. (142 salaries)	₹1.5 L/yr - ₹6.9 L/yr 36% less	2 job openings
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CarDekho Group Retail Manager Salary 4 - 12 years exp. (64 salaries)	₹4 L/yr - ₹8.5 L/yr 7% less
Vodafone Idea Retail Manager Salary 1 - 13 years exp. (59 salaries)	₹5 L/yr - ₹12 L/yr 13% more
Bharti Airtel Retail Manager Salary 2 - 12 years exp. (30 salaries)	₹3.5 L/yr - ₹8.6 L/yr 7% less

Retail Manager salary at Universal Sompo General Insurance ranges between ₹3.5 Lakhs to ₹6.8 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Retail Manager salaries

Last Updated: 25 Jul 2023

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
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15+ years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr

Similar Designation salaries in Universal Sompo General Insurance

Area Manager Salary

(4 salaries)

₹4.85 L/yr - ₹6.75 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Branch Manager Salary

(26 salaries)

₹8 L/yr - ₹14.15 L/yr

Sales Manager Salary

(13 salaries)

₹2.05 L/yr - ₹6.5 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Cluster Manager Salary

(6 salaries)

₹6.52 L/yr - ₹12.48 L/yr

Area Sales Manager Salary

(4 salaries)

₹14.43 L/yr - ₹15.8 L/yr

Department Manager Salary

(AmbitionBox Estimate)

₹27 L/yr - ₹34.5 L/yr

Store Incharge Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Sales Officer Salary

(4 salaries)

₹2 L/yr - ₹2.4 L/yr

Salary related reviews for Universal Sompo General Insurance

4.5

Rated by 2 employees for salary & benefits

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 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

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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 Retail Manager Salary FAQs

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

The average salary of a Retail Manager at Universal Sompo General Insurance in India typically ranges from ₹3.5 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Retail 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. Retail 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 Retail Manager at Universal Sompo General Insurance in India?

The estimated take-home salary of a Retail Manager at Universal Sompo General Insurance in India typically ranges from ₹46,223 to ₹47,319 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 5 years to 15 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 Retail Manager in India?

Vodafone Idea

₹5.0 Lakhs to ₹12.0 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 Retail Manager in companies similar to Universal Sompo General Insurance in India?

The salary of a Retail 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:

CarDekho Group	₹4.0 Lakhs to ₹8.5 Lakhs per year
Bharti Airtel	₹3.5 Lakhs to ₹8.6 Lakhs per year
CARS24	₹2.7 Lakhs to ₹7.2 Lakhs per year
Reliance Retail	₹1.5 Lakhs to ₹6.9 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 Retail Manager at Universal Sompo General Insurance in India?

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

Experience	Average Salary Range
13 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
14 years	₹5.5 Lakhs to ₹7.0 Lakhs per year
15 years	₹5.6 Lakhs to ₹7.1 Lakhs per year

and so on.

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Universal Sompo General Insurance Retail Manager Salaries

Universal Sompo General Insurance Retail Manager salary in India ranges between ₹3.5 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.