Aditya Birla Sun Life Insurance Manager M1 Salaries by 4 Employees

6 - 14 years exp.

₹8.4 Lakhs - ₹9.3 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Manager M1 Salary in Insurance Companies for 6 - 14 years of experience

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Salaries in different departments

Customer Success, Service & Operations Manager M1 Salary 6 - 14 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹8.5 L/yr
Sales & Business Development Manager M1 Salary 6 years exp. (AmbitionBox Estimate)	₹7.9 L/yr - ₹9.7 L/yr
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Research & Development Manager M1 Salary 7 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.3 L/yr

Last Updated: 15 Dec 2023

Companies similar to Aditya Birla Sun Life Insurance for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager M1 Salary 1 - 12 years exp. (33 salaries)	₹6 L/yr - ₹9.5 L/yr 15% less
HDFC Ergo General Insurance Manager M1 Salary 5 - 15 years exp. (32 salaries)	₹5 L/yr - ₹14 L/yr 5% less
Login to view exact salary
SBI Life Insurance Company Manager M1 Salary 2 - 17 years exp. (6 salaries)	₹8.4 L/yr - ₹11.6 L/yr 8% more
Kotak Mahindara Life Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.8 L/yr - ₹4.3 L/yr 51% less
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 24% less
Bajaj Allianz General Insurance Manager M1 Salary 5 - 9 years exp. (3 salaries)	₹5 L/yr - ₹6.5 L/yr 36% less

Manager M1 salary at Aditya Birla Sun Life Insurance ranges between ₹8.4 Lakhs to ₹9.3 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Experience wise Aditya Birla Sun Life Insurance Manager M1 salaries

Last Updated: 15 Dec 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
7 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
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14 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

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Salary related reviews for Aditya Birla Sun Life Insurance

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

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

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

Senior Priority Relationship Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 17 Jan 2024

3.0

for Salary and Benefits

Likes

Apart from salary there is nothing to say good

Dislikes

Simply waste for career for working there pls don't join .if you joining after reading this one day u will regret and remember about this comment. Good luck

Skill development - Poor

+5 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Aditya Birla Sun Life Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at Aditya Birla Sun Life Insurance ?

The average salary of a Manager M1 at Aditya Birla Sun Life Insurance in India typically ranges from ₹8.4 Lakhs to ₹9.3 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Manager M1 at Aditya Birla Sun Life Insurance earn more than ₹9.3 Lakhs per year, and the top 1% earn over ₹9.3 Lakhs per year. Manager M1 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 4 Aditya Birla Sun Life Insurance employees in India.

What is the estimated take home salary of a Manager M1 at Aditya Birla Sun Life Insurance in India?

The estimated take-home salary of a Manager M1 at Aditya Birla Sun Life Insurance in India typically ranges from ₹64,020 to ₹65,650 per month. This is based on the average salary range of ₹8.4 Lakhs to ₹9.3 Lakhs per year for employees with experience ranging from 6 years to 14 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 4 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 Manager M1 in India?

SBI Life Insurance Company

₹8.4 Lakhs to ₹11.6 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 Manager M1 in companies similar to Aditya Birla Sun Life Insurance in India?

The salary of a Manager M1 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:

HDFC Ergo General Insurance	₹5.0 Lakhs to ₹14.0 Lakhs per year
ICICI Prudential Life Insurance	₹6.0 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹6.5 Lakhs to ₹6.7 Lakhs per year
Bajaj Allianz General Insurance	₹5.0 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindara Life Insurance	₹3.8 Lakhs to ₹4.3 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 Manager M1 at Aditya Birla Sun Life Insurance in India?

The salary growth for a Manager M1 at Aditya Birla Sun Life Insurance depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at Aditya Birla Sun Life Insurance:

Experience	Average Salary Range
6 years	₹7.7 Lakhs to ₹9.9 Lakhs per year
7 years	₹8.4 Lakhs to ₹10.7 Lakhs per year
14 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Aditya Birla Sun Life Insurance Manager M1 Salaries

Aditya Birla Sun Life Insurance Manager M1 salary in India ranges between ₹8.4 Lakhs to ₹9.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Aditya Birla Sun Life Insurance latest salaries received from various employees of Aditya Birla Sun Life Insurance.