Aditya Birla Sun Life Insurance Business Manager Salaries by 5 Employees

11 - 18 years exp.

₹7.9 Lakhs - ₹8.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

30% less than the average Business Manager Salary in Insurance Companies for 11 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Manager Salary 11 - 18 years exp. (3 salaries)	₹7.6 L/yr - ₹8 L/yr
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Sales & Business Development Business Manager Salary 11 - 18 years exp. (AmbitionBox Estimate)	₹7.8 L/yr - ₹8.3 L/yr

Last Updated: 26 Sep 2024

Companies similar to Aditya Birla Sun Life Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (64 salaries)	₹3 L/yr - ₹5 L/yr 51% less	1 job opening
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (21 salaries)	₹5.6 L/yr - ₹11 L/yr 3% more
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SBI Life Insurance Company Business Manager Salary 5 - 12 years exp. (16 salaries)	₹5.1 L/yr - ₹7.3 L/yr 16% less
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 36% less
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 43% less
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 41% less
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 52% less
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 28% less
Bajaj Allianz Life Insurance Business Manager Salary 3 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 42% less
Axis Max Life Insurance Business Manager Salary 5 - 12 years exp. (5 salaries)	₹3.1 L/yr - ₹9.5 L/yr 32% less
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	₹4 L/yr - ₹15.1 L/yr 10% more
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Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹5.8 L/yr 68% less
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 38% less
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 22% more

Business Manager salary at Aditya Birla Sun Life Insurance ranges between ₹7.9 Lakhs to ₹8.3 Lakhs per year for employees with experience between 11 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Experience wise Aditya Birla Sun Life Insurance Business Manager salaries

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
12 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
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13 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
14 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
15+ years (3 salaries)	₹3.2 L/yr - ₹8 L/yr

Similar Designation salaries in Aditya Birla Sun Life Insurance

Area Business Manager Salary

(4 salaries)

₹5.1 L/yr - ₹10 L/yr

Branch Manager Salary

(145 salaries)

₹4.5 L/yr - ₹11.48 L/yr

Sales Manager Salary

(239 salaries)

₹2.2 L/yr - ₹10.5 L/yr

Regional Manager Salary

(15 salaries)

₹14.05 L/yr - ₹38 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Area Manager Salary

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₹4.5 L/yr - ₹9.97 L/yr

Deputy Manager Salary

(195 salaries)

₹2.9 L/yr - ₹10 L/yr

Territory Manager Salary

(11 salaries)

₹6 L/yr - ₹9 L/yr

Area Sales Manager Salary

(80 salaries)

₹4 L/yr - ₹15.45 L/yr

Marketing Manager Salary

(11 salaries)

₹7.75 L/yr - ₹12.5 L/yr

Salary related reviews for Aditya Birla Sun Life Insurance

3.0

Rated by 1 employees for salary & benefits

Assistant Sales Manager in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 01 May 2024

1.0

for Salary and Benefits

Likes

Great work-life balance, working culture is decent, good place to learn about insurance and how to work in general. Job security is very high.

Job security - Excellent

+2 more

Dislikes

Salary is easily the worst in the entire industry. Feels more like pocket money. Management isn’t rock-solid all the way. Promotions are best left forgotten. No yearly appraisals. Overall, a very good organisation to work for as long as you don’t care about earning a decent amount.

Salary - Bad

+2 more

Sales Executive in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 09 Oct 2023

1.0

for Salary and Benefits

Likes

Only good thing for beginners is they got a good time to plan their alternative things and plan to grow themselves as the pressure is low. And no such very hard for a beginner to work with.

Job security - Excellent

Dislikes

... No work methods and systems. 4. culture is not good and system is very slow. 5. They do not pay you TA but will say to visit your branches every single day. 6. Disclaimer to everyone who are opting to join Aditya Birla group life at Kolkata or east zone. Do not go under Puspita Ghosh. Be aware of her. No 1 worst lady still exists in the world.

Salary - Bad

+4 more

Sales Executive in Kanpur Nagar

Other Department

5.0

• posted on 17 Jun 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policy are good appraisal are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is slow.

Regional Training Manager in Varanasi

Full Time

Teaching & Training Department

4.0

• posted on 26 Jun 2024

3.0

for Salary and Benefits

Likes

It's a good company to work with the overall core values of the organisation is excellent.

Dislikes

...if it illogical they will still do it cause the management has decided to do so. Salary is not that competitive and we work for 14-15 hours to close everything. Sometimes you are required to work on weekends and theblast day of the month for which u are not compensated. They do not give any compoffs of you are required to work on holidays.

Skill development - Bad

+4 more

Deputy Cluster Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 Oct 2023

3.0

for Salary and Benefits

Likes

Company has good working culture, which will help you to maintain work life balance.

Job security - Good

+2 more

Dislikes

...pany doesn't have go getter attitude and not aggresive for the business at all. Salary and incentives structure is very poor. Even they don't provide exact salary what they mention at appoinment letter.

Skill development - Poor

+2 more

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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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Aditya Birla Sun Life Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Aditya Birla Sun Life Insurance ?

The average salary of a Business Manager at Aditya Birla Sun Life Insurance in India typically ranges from ₹7.9 Lakhs to ₹8.3 Lakhs per year, depending on experience (from 11 years to 18 years).

The top 10% of Business Manager at Aditya Birla Sun Life Insurance earn more than ₹8.3 Lakhs per year, and the top 1% earn over ₹8.3 Lakhs per year. Business Manager Salaries at Aditya Birla Sun Life 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 5 Aditya Birla Sun Life Insurance employees in India.

What is the estimated take home salary of a Business Manager at Aditya Birla Sun Life Insurance in India?

The estimated take-home salary of a Business Manager at Aditya Birla Sun Life Insurance in India typically ranges from ₹58,456 to ₹59,929 per month. This is based on the average salary range of ₹7.9 Lakhs to ₹8.3 Lakhs per year for employees with experience ranging from 11 years to 18 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 Aditya Birla Sun Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Aditya Birla Sun Life Insurance for Business Manager in India?

HDFC Ergo General Insurance	₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Aditya Birla Sun Life Insurance, depending on the role and experience level.

What is the salary of a Business Manager in companies similar to Aditya Birla Sun Life Insurance in India?

The salary of a Business Manager at companies similar to Aditya Birla Sun Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company	₹5.1 Lakhs to ₹7.3 Lakhs per year
PNB MetLife	₹3.5 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.4 Lakhs to ₹6.2 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 Business Manager at Aditya Birla Sun Life Insurance in India?

The salary growth for a Business Manager at Aditya Birla Sun Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at Aditya Birla Sun Life Insurance:

Experience	Average Salary Range
11 years	₹7.1 Lakhs to ₹9.1 Lakhs per year
12 years	₹7.1 Lakhs to ₹9.1 Lakhs per year
13 years	₹7.1 Lakhs to ₹9.1 Lakhs per year
14 years	₹7.1 Lakhs to ₹9.1 Lakhs per year

and so on.

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Aditya Birla Sun Life Insurance Business Manager Salaries

Aditya Birla Sun Life Insurance Business Manager salary in India ranges between ₹7.9 Lakhs to ₹8.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Aditya Birla Sun Life Insurance latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Aditya Birla Sun Life Insurance Business Manager salaries in India

Companies similar to Aditya Birla Sun Life Insurance for Business Manager

Latest annual salaries shared by Aditya Birla Sun Life Insurance Business Manager

Experience wise Aditya Birla Sun Life Insurance Business Manager salaries

Similar Designation salaries in Aditya Birla Sun Life Insurance

Salary related reviews for Aditya Birla Sun Life Insurance

Assistant Sales Manager in Kolkata

Sales Executive in Kolkata

Sales Executive in Kanpur Nagar

Regional Training Manager in Varanasi

Deputy Cluster Manager in Kolkata

Aditya Birla Sun Life Insurance Business Manager Salary FAQs

Tell us how to improve this page.