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Universal Sompo General Insurance Senior Manager salaries in Mumbai (Updated 2025)

Annual salary range
9 - 16 years exp.
₹14.8 Lakhs - ₹19.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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20% less than the average Senior Manager Salary in Insurance Companies for 9 - 16 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Senior Manager Salary
10 - 15 years exp. (3 salaries)
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₹15.5 L/yr - ₹16.5 L/yr

BFSI, Investments & Trading
Senior Manager Salary
14 - 15 years exp. (AmbitionBox Estimate)
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₹17.5 L/yr - ₹17.6 L/yr

Finance & Accounting
Senior Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹16.5 L/yr - ₹19.5 L/yr

Sales & Business Development
Senior Manager Salary
15 - 16 years exp. (AmbitionBox Estimate)
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₹14.8 L/yr - ₹17.4 L/yr

Healthcare & Life Sciences
Senior Manager Salary
14 - 15 years exp. (AmbitionBox Estimate)
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₹17.8 L/yr - ₹18 L/yr

Last Updated: 28 Jan 2025

Companies similar to Universal Sompo General Insurance for Senior Manager in Mumbai

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Universal Sompo General Insurance Senior Manager Salary

9 - 16 years exp. (12 salaries)

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₹14.8 L/yr - ₹19.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6.9 L/yr - ₹18.4 L/yr

arrow icon 35% less
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IndiaFirst Life Insurance Senior Manager Salary

4 - 17 years exp. (54 salaries)

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₹6.2 L/yr - ₹22.5 L/yr

arrow icon 12% less
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Aegon Life Insurance Senior Manager Salary

4 - 16 years exp. (43 salaries)

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₹7 L/yr - ₹25.4 L/yr

arrow icon 17% less
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₹8.1 L/yr - ₹28 L/yr

arrow icon 16% more
1 job opening
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₹12 L/yr - ₹23 L/yr

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Edelweiss Life Insurance Senior Manager Salary

7 - 20 years exp. (32 salaries)

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₹9 L/yr - ₹29.2 L/yr

arrow icon 5% less
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Bharti AXA Life Insurance Senior Manager Salary

6 - 17 years exp. (26 salaries)

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₹8.2 L/yr - ₹22.3 L/yr

arrow icon 19% less
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₹14 L/yr - ₹34.5 L/yr

arrow icon 31% more
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₹8.6 L/yr - ₹25 L/yr

arrow icon 11% less
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Medi Assist India Senior Manager Salary

10 - 19 years exp. (19 salaries)

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₹7 L/yr - ₹17 L/yr

arrow icon 21% less
3 job openings
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Marsh Senior Manager Salary

3 - 15 years exp. (9 salaries)

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₹11.9 L/yr - ₹25.8 L/yr

arrow icon 5% more
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₹5.1 L/yr - ₹8 L/yr

arrow icon 61% less
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₹9.5 L/yr - ₹16 L/yr

arrow icon 37% less
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₹10 L/yr - ₹13 L/yr

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₹3.5 L/yr - ₹13.3 L/yr

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₹10 L/yr - ₹17 L/yr

arrow icon 19% less
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Shriram General Insurance Senior Manager Salary

10 - 13 years exp. (3 salaries)

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₹6 L/yr - ₹9 L/yr

arrow icon 49% less
Senior Manager salary at Universal Sompo General Insurance ranges between ₹14.8 Lakhs to ₹19.5 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 12 latest salaries received from various employees of Universal Sompo General Insurance.

Latest annual salaries shared by Universal Sompo General Insurance Senior Manager in Mumbai

2mo ago
₹17.4 Lakhs
16 years exp.
2mo ago
₹16 Lakhs
15 years exp.
4mo ago
₹16.5 Lakhs
9 years exp.
5mo ago
₹17.5 Lakhs
15 years exp.
8mo ago
₹17.5 Lakhs
14 years exp.
10mo ago
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12 years exp.
11mo ago
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15 years exp.
1y ago
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15 years exp.
1y ago
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10 years exp.
1y ago
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14 years exp.

Experience wise Universal Sompo General Insurance Senior Manager salaries in Mumbai

Last Updated: 28 Jan 2025

Experience Avg Annual Salary
9 years  (3 salaries)

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₹16.5 L/yr - ₹19.5 L/yr
10 years (AmbitionBox Estimate)

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₹15.5 L/yr - ₹19.8 L/yr
11 years (AmbitionBox Estimate)

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₹15.5 L/yr - ₹19.8 L/yr
12 years (AmbitionBox Estimate)

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₹15.5 L/yr - ₹19.8 L/yr
13 years (AmbitionBox Estimate)

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₹15.5 L/yr - ₹19.8 L/yr
View all

Similar Designation salaries in Universal Sompo General Insurance

Deputy Manager Salary
(23 salaries)
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₹7 L/yr - ₹12.15 L/yr
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₹3.5 L/yr - ₹6.5 L/yr
Branch Manager Salary
(4 salaries)
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₹11.75 L/yr - ₹14.15 L/yr

Salary related reviews for Universal Sompo General Insurance

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.

read more

Dislikes

Anything except salary and friends

  • Job security - Bad
  • +4 more

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

The employees don't get the local conveyance so it should be provided.

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.

read more
  • 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.

read more

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.

read more
see more salary related reviews

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Universal Sompo General Insurance Senior Manager Salary FAQs

What is the salary of Senior Manager at Universal Sompo General Insurance in Mumbai?
The average salary of a Senior Manager at Universal Sompo General Insurance in Mumbai typically ranges from ₹14.8 Lakhs to ₹19.5 Lakhs per year, depending on experience (from 9 years to 16 years).

The top 10% of Senior Manager in Mumbai at Universal Sompo General Insurance earn more than ₹19.2 Lakhs per year, and the top 1% earn over ₹19.5 Lakhs per year. Senior 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 10+ Universal Sompo General Insurance employees in India.
What is the estimated take home salary of a Senior Manager at Universal Sompo General Insurance in Mumbai?
The estimated take-home salary of a Senior Manager at Universal Sompo General Insurance in Mumbai typically ranges from ₹1,16,270 to ₹1,19,517 per month. This is based on the average salary range of ₹14.8 Lakhs to ₹19.5 Lakhs per year for employees with experience ranging from 9 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 10+ 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 Senior Manager in India?
Ageas Federal Life Insurance ₹14.0 Lakhs to ₹34.5 Lakhs per year
Future Generali India Life Insurance ₹8.1 Lakhs to ₹28.0 Lakhs per year
Marsh ₹11.9 Lakhs to ₹25.8 Lakhs per year
Magma HDI General Insurance ₹12.0 Lakhs to ₹23.0 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 Senior Manager in companies similar to Universal Sompo General Insurance in Mumbai?
The salary of a Senior Manager at companies similar to Universal Sompo General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance ₹9.0 Lakhs to ₹29.2 Lakhs per year
ManipalCigna Health Insurance ₹8.6 Lakhs to ₹25.0 Lakhs per year
IndiaFirst Life Insurance ₹6.2 Lakhs to ₹22.5 Lakhs per year
Aegon Life Insurance ₹7.0 Lakhs to ₹25.4 Lakhs per year
Bharti AXA Life Insurance ₹8.2 Lakhs to ₹22.3 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 Senior Manager at Universal Sompo General Insurance in Mumbai?
The salary growth for a Senior Manager at Universal Sompo General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Manager in Mumbai can expect the following growth trajectory at Universal Sompo General Insurance:

Experience Average Salary Range
9 years ₹16.5 Lakhs to ₹19.5 Lakhs per year
10 years ₹15.5 Lakhs to ₹19.8 Lakhs per year
11 years ₹15.5 Lakhs to ₹19.8 Lakhs per year
12 years ₹15.5 Lakhs to ₹19.8 Lakhs per year
and so on.

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Universal Sompo General Insurance Senior Manager salary in Mumbai ranges between ₹14.8 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 Universal Sompo General Insurance latest salaries received from various employees of Universal Sompo General Insurance.