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View interviewsSalaries by designations
Based on 2k salaries · Updated: 16 Jul 2025
| Designation | Avg Annual Salary | Open Jobs |
|---|---|---|
Relationship Manager 1 -
12
years
exp.
(145
salaries) |  ₹3.5 L/yr - ₹7.6 L/yr | 1 job opening |
Deputy Manager 1 -
16
years
exp.
(123
salaries) | ₹5.5 L/yr - ₹11 L/yr | |
Login to view exact salary
| ||
Senior Relationship Manager 5 -
15
years
exp.
(83
salaries) | ₹5 L/yr - ₹7.8 L/yr | |
Senior Unit Sales Manager 1 -
10
years
exp.
(35
salaries) | ₹2.9 L/yr - ₹5.5 L/yr | |
State Head 11 -
17
years
exp.
(29
salaries) | ₹16.5 L/yr - ₹26.2 L/yr | |
General Manager 8 -
15
years
exp.
(26
salaries) | ₹19.2 L/yr - ₹32.4 L/yr | |
Senior Executive Operations 3 -
15
years
exp.
(24
salaries) | ₹2.7 L/yr - ₹4.6 L/yr | |
Sales Manager 0 -
13
years
exp.
(22
salaries) | ₹3.3 L/yr - ₹7.3 L/yr | |
Branch Head 7 -
17
years
exp.
(19
salaries) | ₹8 L/yr - ₹11 L/yr | |
Unit Sales Manager 1 -
8
years
exp.
(19
salaries) | ₹2.5 L/yr - ₹5 L/yr | |
Operations Executive 0 -
9
years
exp.
(19
salaries) | ₹2 L/yr - ₹3.8 L/yr | |
Team Manager 5 -
11
years
exp.
(14
salaries) | ₹8.1 L/yr - ₹14.9 L/yr | |
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| ||
Management Trainee 0 -
1
year
exp.
(14
salaries) | ₹4.4 L/yr - ₹8.5 L/yr | |
Associate Vice President 14 -
19
years
exp.
(13
salaries) | ₹33 L/yr - ₹48 L/yr | |
Senior Territory Manager 7 -
14
years
exp.
(11
salaries) | ₹5.5 L/yr - ₹7.2 L/yr | |
Branch Manager 8 -
19
years
exp.
(11
salaries) | ₹5 L/yr - ₹9.3 L/yr | |
Underwriter 0 -
5
years
exp.
(10
salaries) | ₹1.8 L/yr - ₹6.4 L/yr | |
HR Assistant 0 -
6
years
exp.
(9
salaries) | ₹2.6 L/yr - ₹2.9 L/yr | |
Cluster Manager 8 -
15
years
exp.
(9
salaries) | ₹6.2 L/yr - ₹9.5 L/yr | |
Area Head 4 -
17
years
exp.
(8
salaries) | ₹16 L/yr - ₹20.3 L/yr | |
Latest salaries by Magma General Insurance Limited employees
2d ago
Relationship Manager
11 years exp.
₹6.7
Lakhs
2d ago
Assistant Manager
5 years exp.
₹5.4
Lakhs
2d ago
Manager
15 years exp.
₹11.5
Lakhs
3d ago
Sales Manager
12 years exp.
₹7.3
Lakhs
3d ago
Deputy Manager
8 years exp.
₹8.5
Lakhs
4d ago
Insurance Manager
5 months exp.
4d ago
Senior Marketing Manager
8 years exp.
5d ago
Senior Executive
6 years exp.
5d ago
Cluster Head
13 years exp.
1w ago
Senior Manager
15 years exp.
View all latest salaries
Top trending discussions
View All
Career Growth
2w (edited)
pleasantfox
·
works at
Insurance Sector
Stability vs Growth
I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific)
* Work in a role for max 2-3 years and switch when you feel you are done.
* By age of 30, if you are still earning less than 10 lakh you are not growing
* By age of 35 you must become AVP as no company will hire AVP if you are more than 36.
*Be loyal to your self, not your organization.
* Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise.
* Buy a property, and pay loans before 35.
In tough times it's only Savings that give you cushion and peace nothing else
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Magma General Insurance Limited Salary FAQs
How much does Magma General Insurance Limited pay to its employees?
The average annual salary at Magma General Insurance Limited varies depending on the role, experience, and location. The salary ranges for some popular designations at Magma General Insurance Limited, are as follows:
The highest-paying role, National Manager, earns between ₹39 Lakhs to ₹52 Lakhs per year. The top 10% of employees earn more than ₹18 Lakhs per year, and the top 1% earn over ₹46.9 Lakhs per year. Salaries at Magma General Insurance Limited 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 salary estimates are based on data from 2k salaries submitted by Magma General Insurance Limited employees. Magma General Insurance Limited is rated 3.6 out of 5 stars by its employees on the salary and benefits parameter.
| Relationship Manager | ₹3.5 Lakhs to ₹7.6 Lakhs per year |
| Deputy Manager | ₹5.5 Lakhs to ₹11 Lakhs per year |
| Senior Relationship Manager | ₹5 Lakhs to ₹7.8 Lakhs per year |
| Senior Unit Sales Manager | ₹2.9 Lakhs to ₹5.5 Lakhs per year |
The highest-paying role, National Manager, earns between ₹39 Lakhs to ₹52 Lakhs per year. The top 10% of employees earn more than ₹18 Lakhs per year, and the top 1% earn over ₹46.9 Lakhs per year. Salaries at Magma General Insurance Limited 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 salary estimates are based on data from 2k salaries submitted by Magma General Insurance Limited employees. Magma General Insurance Limited is rated 3.6 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Magma General Insurance Limited in India?
The salary of a fresher at Magma General Insurance Limited in India typically ranges from ₹2.7 Lakhs to ₹8.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
| Fresher as a Management Trainee Salary | ₹4.4 Lakhs to ₹8.5 Lakhs per year |
| Fresher as a Underwriter Salary | ₹4 Lakhs to ₹6.4 Lakhs per year |
| Fresher as a Sales Trainee Salary | ₹4 Lakhs to ₹4.5 Lakhs per year |
| Fresher as a HR Intern Salary | ₹1.1 Lakhs to ₹2.2 Lakhs per year |
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Magma General Insurance Limited Salaries by Location
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Average annual salary
in
Magma General Insurance Limited
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Salary estimates are based on
1900+
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