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Annual salary range
8 - 16 years exp.
₹4.2
Lakhs - ₹5.2
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
Assistant Manager Operations Salary at Magma General Insurance Limited ranges between ₹4.2 Lakhs to ₹5.2 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 5 latest...
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38% less than the average Assistant Manager Operations Salary in Insurance Companies for 8 - 16 years of experience
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Companies similar to Magma General Insurance Limited for Assistant Manager Operations
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 MetLife Assistant Manager Operations Salary
9 - 15 years exp. (66 salaries) |  ₹6.2 L/yr - ₹18.5 L/yr 
175%
more | 1 job opening |
 Axis Max Life Insurance Assistant Manager Operations Salary
3 - 15 years exp. (37 salaries) | ₹2.5 L/yr - ₹5.2 L/yr 
7%
less | |
Login to view exact salary
| ||
 Aditya Birla Health Insurance Co Assistant Manager Operations Salary
3 - 10 years exp. (31 salaries) | ₹2.9 L/yr - ₹6.5 L/yr
10%
more | |
 Medi Assist India Assistant Manager Operations Salary
3 - 15 years exp. (27 salaries) | ₹3 L/yr - ₹8 L/yr
42%
more | |
 Aviva Life Insurance India Assistant Manager Operations Salary
9 - 16 years exp. (11 salaries) | ₹4.3 L/yr - ₹6.1 L/yr
18%
more | |
 Axa XL Assistant Manager Operations Salary
7 - 10 years exp. (8 salaries) | ₹6.5 L/yr - ₹10.3 L/yr
97%
more | |
 ManipalCigna Health Insurance Assistant Manager Operations Salary
7 - 16 years exp. (7 salaries) | ₹4 L/yr - ₹5.9 L/yr
13%
more | |
 Future Generali India Life Insurance Assistant Manager Operations Salary
8 - 15 years exp. (5 salaries) | ₹3 L/yr - ₹7.2 L/yr
9%
more | |
 Ageas Federal Life Insurance Assistant Manager Operations Salary
10 - 25 years exp. (4 salaries) | ₹3.3 L/yr - ₹7.8 L/yr
24%
more | |
 Allianz Partners Assistant Manager Operations Salary
7 - 10 years exp. (4 salaries) | ₹4.7 L/yr - ₹7.5 L/yr
48%
more | |
 IndiaFirst Life Insurance Assistant Manager Operations Salary
7 - 10 years exp. (4 salaries) | ₹3.6 L/yr - ₹5 L/yr
1%
more | |
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| ||
 Aegon Life Insurance Assistant Manager Operations Salary
7 - 13 years exp. (4 salaries) | ₹4 L/yr - ₹8.4 L/yr
36%
more | |
 SBI General Insurance Assistant Manager Operations Salary
1 - 5 years exp. (4 salaries) | ₹3.7 L/yr - ₹6.1 L/yr
3%
more | |
 Principal Global Services Assistant Manager Operations Salary
8 - 15 years exp. (4 salaries) | ₹11 L/yr - ₹20 L/yr
286%
more | |
 Cholamandalam MS General Insurance Assistant Manager Operations Salary
4 - 6 years exp. (4 salaries) | ₹2.2 L/yr - ₹3 L/yr
47%
less | |
 Bharti AXA Life Insurance Assistant Manager Operations Salary
0 - 12 years exp. (4 salaries) | ₹3 L/yr - ₹9 L/yr
72%
more | |
 Edelweiss Life Insurance Assistant Manager Operations Salary
4 - 10 years exp. (4 salaries) | ₹4 L/yr - ₹7.5 L/yr
19%
more | |
 Universal Sompo General Insurance Assistant Manager Operations Salary
9 - 13 years exp. (4 salaries) | ₹6 L/yr - ₹7 L/yr
46%
more | |
 Star Union Dai-ichi Life Insurance Assistant Manager Operations Salary
8 - 13 years exp. (3 salaries) | ₹4.3 L/yr - ₹5.8 L/yr
14%
more | |
Magma General Insurance Limited Assistant Manager Operations salaries by
| Years of experience | Avg. annual salary |
|---|---|
| 8 years (AmbitionBox Estimate) |
₹3.8
L/yr
- ₹4.9
L/yr
|
| 9 years (AmbitionBox Estimate) |
₹3.8
L/yr
- ₹4.9
L/yr
|
Login to view exact salary
| |
| 10 years (AmbitionBox Estimate) |
₹3.8
L/yr
- ₹4.9
L/yr
|
| 11 years (AmbitionBox Estimate) |
₹3.9
L/yr
- ₹4.9
L/yr
|
| 12 years (AmbitionBox Estimate) |
₹3.9
L/yr
- ₹5
L/yr
|
View all salaries by experience
Similar Designation Salaries at Magma General Insurance Limited
| Similar Designation | Avg. annual salary |
|---|---|
Deputy Manager Salary
(118 salaries)
| ₹5.5 L/yr - ₹10.5 L/yr |
General Manager Salary
(26 salaries)
| ₹14.5 L/yr - ₹35.5 L/yr |
Login to view exact salary
| |
Senior Executive Operations Salary
(24 salaries)
| ₹2.7 L/yr - ₹4.6 L/yr |
Operations Executive Salary
(19 salaries)
| ₹2.0 L/yr - ₹3.8 L/yr |
Management Trainee Salary
(14 salaries)
| ₹4 L/yr - ₹8.5 L/yr |
View more similar designations
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Salary Discussions, Hike & Promotions
1w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years.
Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025.
She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025).
We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened.
If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills.
I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone.
Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities.
I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not.
I love her, but I don't know how to overcome this issue between us. Please suggest!
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Magma General Insurance Limited Assistant Manager Operations Salary FAQs
What is the salary of Assistant Manager Operations at Magma General Insurance Limited ?
The average salary of a Assistant Manager Operations at Magma General Insurance Limited in India typically ranges from ₹4.2 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 8 years to 16 years).
The top 10% of Assistant Manager Operations at Magma General Insurance Limited earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Assistant Manager Operations 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 estimates are based on salary data submitted by 5 Magma General Insurance Limited employees in India.
The top 10% of Assistant Manager Operations at Magma General Insurance Limited earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Assistant Manager Operations 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 estimates are based on salary data submitted by 5 Magma General Insurance Limited employees in India.
What is the estimated take home salary of a Assistant Manager Operations at Magma General Insurance Limited in India?
The estimated take-home salary of a Assistant Manager Operations at Magma General Insurance Limited in India typically ranges from ₹32,255 to ₹33,536 per month. This is based on the average salary range of
₹4.2 Lakhs to ₹5.2 Lakhs
per year for employees with experience ranging from 8 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 5 salaries received from various employees of Magma General Insurance Limited. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magma General Insurance Limited for Assistant Manager Operations in India?
| Principal Global Services | ₹11.0 Lakhs to ₹20.0 Lakhs per year |
| MetLife | ₹6.2 Lakhs to ₹18.5 Lakhs per year |
| Axa XL | ₹6.5 Lakhs to ₹10.3 Lakhs per year |
| Bharti AXA Life Insurance | ₹3.0 Lakhs to ₹9.0 Lakhs per year |
| Allianz Partners | ₹4.7 Lakhs to ₹7.5 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Magma General Insurance Limited, depending on the role and experience level.
What is the salary of a Assistant Manager Operations in companies similar to Magma General Insurance Limited in India?
The salary of a Assistant Manager Operations at companies similar to Magma General Insurance Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| Universal Sompo General Insurance | ₹6.0 Lakhs to ₹7.0 Lakhs per year |
| Medi Assist India | ₹3.0 Lakhs to ₹8.0 Lakhs per year |
| Aegon Life Insurance | ₹4.0 Lakhs to ₹8.4 Lakhs per year |
| Ageas Federal Life Insurance | ₹3.3 Lakhs to ₹7.8 Lakhs per year |
| Edelweiss Life Insurance | ₹4.0 Lakhs to ₹7.5 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 Assistant Manager Operations at Magma General Insurance Limited in India?
The salary growth for a Assistant Manager Operations at Magma General Insurance Limited depends on factors such as experience, performance, and promotions. On average, a Assistant Manager Operations can expect the following growth trajectory at Magma General Insurance Limited:
and so on.
| Experience | Average Salary Range |
|---|---|
| 8 years | ₹3.8 Lakhs to ₹4.9 Lakhs per year |
| 9 years | ₹3.8 Lakhs to ₹4.9 Lakhs per year |
| 10 years | ₹3.8 Lakhs to ₹4.9 Lakhs per year |
| 11 years | ₹3.9 Lakhs to ₹4.9 Lakhs per year |
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Magma General Insurance Limited Assistant Manager Operations salary
in
India
ranges between ₹4.2
Lakhs to ₹5.2
Lakhs with an average annual salary of
₹
. Salary estimates are based on
5
Magma General Insurance Limited latest salaries received from various employees of
Magma General Insurance Limited.