Insurance Manager
Annual salary range
₹1.8 Lakh - ₹10 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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All Filters Insurance Manager Salary in India (Updated 2025)
Based on 1.6k
salaries
• Updated:
19 Jun 2025
Select an experience to get the exact salary
Salary of majority employees
Insurance Manager Salary in India ranges between ₹1.8 Lakh to ₹10 Lakhs for 2 years of experience to 15 years of experience. Salary estimates are based on 1.6k latest salaries received from Insurance Manager.
Explore on this page
Top paying companies 
Popular companies 
Latest annual salaries 
Salaries by experience 
Jobs available
Similar designations 
Salary related reviews 
Top interview questions 
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Tata AIA Life Insurance Insurance Manager Salary
4 years exp |  | |
| | ||
 Insurance Manager Salary
4 years exp | | |
 Insurance Manager Salary
4 years exp | | |
 Insurance Manager Salary
4 years exp | | |
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
4 -
6
yrs
exp.
(7 salaries)
|
₹2.5 L/yr - ₹7.2 L/yr | |
2 -
6
yrs
exp.
(7 salaries)
|
₹1.1 L/yr - ₹3.5 L/yr | |
Login to view exact salary
| ||
11 -
17
yrs
exp.
(7 salaries)
|
₹3.3 L/yr - ₹5.2 L/yr | |
3 -
8
yrs
exp.
(7 salaries)
|
₹2.1 L/yr - ₹3.6 L/yr | |
1 -
12
yrs
exp.
(7 salaries)
|
₹3 L/yr - ₹4.5 L/yr | |
0 -
10
yrs
exp.
(7 salaries)
|
₹3.1 L/yr - ₹5 L/yr | |
1 -
8
yrs
exp.
(6 salaries)
|
₹2.5 L/yr - ₹4.5 L/yr | |
0 -
4
yrs
exp.
(6 salaries)
|
₹2.5 L/yr - ₹4.5 L/yr | |
Login to view exact salary
| ||
2 -
8
yrs
exp.
(6 salaries)
|
₹2.8 L/yr - ₹5.4 L/yr | |
6 -
16
yrs
exp.
(6 salaries)
|
₹6.5 L/yr - ₹9 L/yr | |
Latest annual salaries shared by Insurance Managers
View all latest salaries
Insurance Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
2
years
(121
salaries)
| ₹1.5 L/yr - ₹5 L/yr |
3
years
(139
salaries)
| ₹1.5 L/yr - ₹5 L/yr |
Login to view exact salary
| |
4
years
(154
salaries)
| ₹1.7 L/yr - ₹5.5 L/yr |
5
years
(159
salaries)
| ₹1.6 L/yr - ₹6.1 L/yr |
6
years
(172
salaries)
| ₹2.1 L/yr - ₹7.6 L/yr |
View all salaries by experience
Insurance Manager Jobs in India
Insurance Manager
· 0-5 years
NJ Group
₹3
L/yr
- ₹3.5
L/yr
Jamshedpur
Insurance Manager
· 0-2 years
Bajaj Allianz
₹2.3
L/yr
- ₹7.6
L/yr
Kolkata
Insurance Manager
· 10-12 years
Icl Fincorp
₹6
L/yr
- ₹7
L/yr
Chennai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Branch Manager Salary
4 -
17
years
exp.
(50.2k salaries)
| ₹2.8 L/yr - ₹18 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(6L salaries)
| ₹3 L/yr - ₹17.1 L/yr |
Login to view exact salary
| |
Store Manager Salary
3 -
16
years
exp.
(52k salaries)
| ₹2.3 L/yr - ₹11 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(1.8L salaries)
| ₹7.7 L/yr - ₹42 L/yr |
Sales Manager Salary
2 -
15
years
exp.
(1.2L salaries)
| ₹2.4 L/yr - ₹16 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Manager
PNB MetLife
Insurance Manager
• updated on 21 Jan 2022
Likes
The work atmosphere and the designation of every position and you can work without any boundaries of time limit.
- Salary - Excellent
+5 more
Dislikes
Target based salary.
HDFC Life
Assistant Manager
• updated on 14 Mar 2023
Likes
WFH, on time salary credit, fluid processes, good work environment, top performer in insurance industry, capable senior management, employee centric initiatives, parents, spouse and children covered in insurance
read more- Job security - Good
+1 more
Dislikes
heavy workload, minimal scope for promotion, average performance appraisals
- Promotions - Poor
Future Generali India Life Insurance
Sales Manager
• updated on 05 Mar 2019
Likes
One of the best work place I had . Best knowledge/training/culture/career/salary. I love to work there.
read more- Salary - Excellent
+6 more
Dislikes
No comment
Bajaj Allianz Life Insurance
Branch Sales Manager
• updated on 25 Apr 2022
Likes
...mmates is transparent. There is a huge cafeteria and gaming arcade fir chilling. Cimpany policies are good apprasals are fair and they give good salary hike and bonus every year.
read more- Salary - Excellent
+6 more
Dislikes
There is a lot of politics and the management doesn't address our issue.salary is decent but career growth is slow.there is a bond of 2 years before which you cannot resign.on the job training is not given to new joinees.
read moreHDFC Life
Branch Manager
• updated on 19 Feb 2023
Likes
Company culture very good brand value, overall company digitisation
- Salary - Good
+6 more
Top skills for Insurance Manager
Insurance Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Insurance Manager
2 -
15
years
exp.
| ₹1.8 L/yr - ₹11.5 L/yr |
Mumbai
Insurance Manager
2 -
15
years
exp.
| ₹2.5 L/yr - ₹15 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Insurance Manager
2 -
15
years
exp.
| ₹2.2 L/yr - ₹10.2 L/yr |
Chennai
Insurance Manager
2 -
15
years
exp.
| ₹1.5 L/yr - ₹7.7 L/yr |
Pune
Insurance Manager
2 -
15
years
exp.
| ₹2.5 L/yr - ₹9.8 L/yr |
View more
Insurance Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Insurance Manager
2 -
15
years
exp.
| ₹2.3 L/yr - ₹7.9 L/yr |
Insurance Insurance Manager
2 -
15
years
exp.
| ₹2.2 L/yr - ₹6.5 L/yr |
Login to view exact salary
| |
Automobile Insurance Manager
2 -
15
years
exp.
| ₹1.8 L/yr - ₹6.5 L/yr |
Banking / Insurance / Accounting Insurance Manager
2 -
15
years
exp.
| ₹2.6 L/yr - ₹6.5 L/yr |
Manufacturing Insurance Manager
2 -
15
years
exp.
| ₹2 L/yr - ₹10.5 L/yr |
View more
Frequently Asked Questions (FAQS) about Insurance Manager Salaries
What is the salary of a Insurance Manager in India?
The salary of a Insurance Manager in India varies based on experience, location, company & Industry.
On average, Insurance Manager salaries ranges from ₹1.8 Lakhs to ₹10.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹1.8 Lakhs to ₹10.0 Lakhs per year, with the highest salary reaching ₹2.6 Lakhs to ₹4.5 Lakhs per year. Salary estimates are based on 1.6k salaries received from various Insurance Managers across industries.
The average starting salary is around ₹1.8 Lakhs to ₹10.0 Lakhs per year, with the highest salary reaching ₹2.6 Lakhs to ₹4.5 Lakhs per year. Salary estimates are based on 1.6k salaries received from various Insurance Managers across industries.
What are the top paying companies that employ Insurance Managers?
Insurance Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Tata AIA Life Insurance Insurance Manager Salary | ₹2.6 Lakhs to ₹4.5 Lakhs per year |
| Kotak Mahindara Life Insurance Insurance Manager Salary | ₹3.9 Lakhs to ₹5.4 Lakhs per year |
| SBI Life Insurance Company Insurance Manager Salary | ₹3.4 Lakhs to ₹4.3 Lakhs per year |
| HDFC Life Insurance Manager Salary | ₹3 Lakhs to ₹5.5 Lakhs per year |
| Axis Max Life Insurance Insurance Manager Salary | ₹3.5 Lakhs to ₹4.1 Lakhs per year |
What are the top paying cities for Insurance Manager in India?
The annual salary for Insurance Manager in India varies by location. Top paying cities for Insurance Manager are
Salary expectations for Insurance Manager may vary based on job roles, experience, and specific employer requirements.
| Insurance Manager Salary in Hyderabad / Secunderabad | ₹2.3 Lakhs to ₹15.2 Lakhs per year |
| Insurance Manager Salary in Gurgaon / Gurugram | ₹1.5 Lakhs to ₹15.0 Lakhs per year |
| Insurance Manager Salary in New Delhi | ₹1.8 Lakhs to ₹11.5 Lakhs per year |
| Insurance Manager Salary in Chennai | ₹1.5 Lakhs to ₹7.7 Lakhs per year |
| Insurance Manager Salary in Bangalore / Bengaluru | ₹2.2 Lakhs to ₹10.2 Lakhs per year |
What are the top paying industries for Insurance Manager in India?
Top 5 paying Industries for Insurance Manager in India are:
| Insurance Manager Salary in Healthcare | ₹0.8 Lakhs to ₹12.0 Lakhs per year |
| Insurance Manager Salary in Internet | ₹2.6 Lakhs to ₹9.5 Lakhs per year |
| Insurance Manager Salary in Banking / Insurance / Accounting | ₹2.6 Lakhs to ₹6.5 Lakhs per year |
| Insurance Manager Salary in Financial Services | ₹2.3 Lakhs to ₹7.9 Lakhs per year |
| Insurance Manager Salary in Retail | ₹2.5 Lakhs to ₹8.4 Lakhs per year |
How does experience affect salaries of a Insurance Manager in India?
Experience significantly impacts a Insurance Manager salary in India. Salaries increase with experience, as Insurance Manager take on more complex tasks, responsibilities, and leadership roles.
Insurance Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹1.5 Lakhs to ₹5.0 Lakhs per year |
| 3 years | ₹1.5 Lakhs to ₹5.0 Lakhs per year |
| 4 years | ₹1.7 Lakhs to ₹5.5 Lakhs per year |
| 5 years | ₹1.6 Lakhs to ₹6.1 Lakhs per year |
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