Aegon Life Insurance Branch Manager Salaries by 5 Employees

10 - 13 years exp.

₹5.1 Lakhs - ₹13.2 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Branch Manager Salary in Insurance Companies for 10 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 10 - 12 years exp. (4 salaries)	₹5.1 L/yr - ₹7.8 L/yr
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Sales & Business Development Branch Manager Salary 13 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 14 Mar 2023

Companies similar to Aegon Life Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Branch Manager Salary 3 - 10 years exp. (207 salaries)	₹2.9 L/yr - ₹8.8 L/yr 34% less
Shriram General Insurance Branch Manager Salary 6 - 15 years exp. (173 salaries)	₹3.2 L/yr - ₹8.5 L/yr 21% less
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Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (158 salaries)	₹5 L/yr - ₹12 L/yr 9% more
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (114 salaries)	₹5 L/yr - ₹16.3 L/yr 21% more	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (72 salaries)	₹5 L/yr - ₹12 L/yr 1% more
Edelweiss Life Insurance Branch Manager Salary 8 - 14 years exp. (50 salaries)	₹5.7 L/yr - ₹8.5 L/yr 14% less
ManipalCigna Health Insurance Branch Manager Salary 7 - 17 years exp. (47 salaries)	₹4.8 L/yr - ₹10.5 L/yr 1% less	1 job opening
Aviva Life Insurance India Branch Manager Salary 7 - 22 years exp. (39 salaries)	₹7 L/yr - ₹15 L/yr 23% more
Universal Sompo General Insurance Branch Manager Salary 10 - 17 years exp. (26 salaries)	₹8 L/yr - ₹14.2 L/yr 30% more
Royal Sundaram General Insurance Branch Manager Salary 6 - 17 years exp. (24 salaries)	₹4.5 L/yr - ₹11 L/yr 2% less
Bajaj Capital Insurance Branch Manager Salary 3 - 10 years exp. (16 salaries)	₹2.9 L/yr - ₹4.5 L/yr 56% less
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Ageas Federal Life Insurance Branch Manager Salary 8 - 22 years exp. (11 salaries)	₹7 L/yr - ₹12 L/yr 20% more
Magma HDI General Insurance Branch Manager Salary 8 - 19 years exp. (11 salaries)	₹5 L/yr - ₹9.3 L/yr 7% less
IndiaFirst Life Insurance Branch Manager Salary 6 - 18 years exp. (6 salaries)	₹4.2 L/yr - ₹7.5 L/yr 29% less
Medi Assist India Branch Manager Salary 7 - 13 years exp. (6 salaries)	₹4.3 L/yr - ₹13.6 L/yr 3% less

Branch Manager salary at Aegon Life Insurance ranges between ₹5.1 Lakhs to ₹13.2 Lakhs per year for employees with experience between 10 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Aegon Life Insurance.

Experience wise Aegon Life Insurance Branch Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.1 L/yr
11 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
Login to view exact salary
12 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹16.5 L/yr
13 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹15 L/yr

Similar Designation salaries in Aegon Life Insurance

Area Manager Salary

(4 salaries)

₹12 L/yr - ₹14 L/yr

Sales Manager Salary

(12 salaries)

₹3.5 L/yr - ₹6 L/yr

Branch Head Salary

(5 salaries)

₹7.25 L/yr - ₹12.75 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Operations Manager Salary

(3 salaries)

₹4.2 L/yr - ₹9 L/yr

Area Sales Manager Salary

(4 salaries)

₹3.7 L/yr - ₹14 L/yr

Territory Manager Salary

(4 salaries)

₹8.25 L/yr - ₹9.75 L/yr

Relationship Manager Salary

(147 salaries)

₹2.5 L/yr - ₹4.3 L/yr

Salary related reviews for Aegon Life Insurance

2.5

Rated by 4 employees for salary & benefits

Relationship Manager in Pune

Sales & Business Development Department

2.0

• posted on 01 Nov 2018

2.0

for Salary and Benefits

Likes

Teammates are supportive. But managers are not so supportive and cooperative.

Job security - Good

Dislikes

They didn't pay me incentives earned during Jan 18 till date. BH/ABH will assure that you don't get paid on time. No quality data to work on and just too much useless pressure created

Salary - Poor

+4 more

Assistant Manager (working remotely)

Full Time

Marketing & Communication Department

2.0

• posted on 23 Apr 2023

2.0

for Salary and Benefits

Likes

Remote work and some home office setup cost is only main benefit but they come at very high other costs.

Dislikes

HR department gives you false claims to lurk you towards closing job at their end. They will show how much you will gain and additional variable pay above your CTC which is not given at end of year claiming company is in loss and No yearly appraisals are given after HR run behinds you every month to fill data on their HR portals. Use less portals and they only working towards their image correction in market as they are in very bad condition right now. Do not buy this fruit of Aegon Job as its shiny outside and rotten inside.

Salary - Poor

+5 more

DVP in HO Mumbai

Strategic & Top Management Department

5.0

• posted on 26 May 2022

4.0

for Salary and Benefits

Likes

... you are heard. Access to top leadership which is sensitive and not opinionated. Aegon has a flat structure and pay is the best in the sector.

Salary - Good

+6 more

Dislikes

Nothing to dislike in the company or its culture.

Regional Manager in Kolkata

BFSI, Investments & Trading Department

1.0

• posted on 25 Oct 2021

4.0

for Salary and Benefits

Likes

Nothing good.

Salary - Good

Dislikes

To be short and precise, DON'T JOIN even if they offer you 2 times salary. Just check their past record. It's already twice that they have closed channels at their whims and put hundreds of people's career into jeopardy. Very weak management both in India and Abroad. They have a knee jerk reaction to problems. Stay away. They don't have any Branch also

Skill development - Bad

+4 more

Assistant Manager in Mumbai

BFSI, Investments & Trading Department

3.0

• posted on 20 May 2019

5.0

for Salary and Benefits

Likes

Every individual plays superb role as a Team. Salary is very high.

Salary - Excellent

Dislikes

But the Individuals are not helpful as internal customer. The Salary package is very high for each designation as compare to Market. So once you decide to leave Aegon, the other company will not recruit you because of your high salary.

Skill development - Poor

+4 more

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Aegon Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Aegon Life Insurance ?

The average salary of a Branch Manager at Aegon Life Insurance in India typically ranges from ₹5.1 Lakhs to ₹13.2 Lakhs per year, depending on experience (from 10 years to 13 years).

The top 10% of Branch Manager at Aegon Life Insurance earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Branch Manager Salaries at Aegon 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 Aegon Life Insurance employees in India.

What is the estimated take home salary of a Branch Manager at Aegon Life Insurance in India?

The estimated take-home salary of a Branch Manager at Aegon Life Insurance in India typically ranges from ₹59,883 to ₹61,397 per month. This is based on the average salary range of ₹5.1 Lakhs to ₹13.2 Lakhs per year for employees with experience ranging from 10 years to 13 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 Aegon Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Aegon Life Insurance for Branch Manager in India?

Universal Sompo General Insurance	₹8.0 Lakhs to ₹14.2 Lakhs per year
Aviva Life Insurance India	₹7.0 Lakhs to ₹15.0 Lakhs per year
Future Generali India Life Insurance	₹5.0 Lakhs to ₹16.3 Lakhs per year
Ageas Federal Life Insurance	₹7.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Health Insurance Co	₹5.0 Lakhs to ₹12.0 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to Aegon Life Insurance in India?

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

Bharti AXA Life Insurance	₹5.0 Lakhs to ₹12.0 Lakhs per year
ManipalCigna Health Insurance	₹4.8 Lakhs to ₹10.5 Lakhs per year
Royal Sundaram General Insurance	₹4.5 Lakhs to ₹11.0 Lakhs per year
Medi Assist India	₹4.3 Lakhs to ₹13.6 Lakhs per year
Magma HDI General Insurance	₹5.0 Lakhs to ₹9.3 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 Branch Manager at Aegon Life Insurance in India?

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

Experience	Average Salary Range
10 years	₹5.1 Lakhs to ₹6.1 Lakhs per year
11 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
12 years	₹5.1 Lakhs to ₹16.5 Lakhs per year
13 years	₹4.6 Lakhs to ₹15.0 Lakhs per year

and so on.

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Aegon Life Insurance Branch Manager Salaries by Location

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Aegon Life Insurance Branch Manager Salaries

Aegon Life Insurance Branch Manager salary in India ranges between ₹5.1 Lakhs to ₹13.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Aegon Life Insurance latest salaries received from various employees of Aegon Life Insurance.

Aegon Life Insurance Branch Manager salaries in India

Companies similar to Aegon Life Insurance for Branch Manager

Latest annual salaries shared by Aegon Life Insurance Branch Manager

Experience wise Aegon Life Insurance Branch Manager salaries

Similar Designation salaries in Aegon Life Insurance

Salary related reviews for Aegon Life Insurance

Relationship Manager in Pune

Assistant Manager (working remotely)

DVP in HO Mumbai

Regional Manager in Kolkata

Assistant Manager in Mumbai

Aegon Life Insurance Branch Manager Salary FAQs

Tell us how to improve this page.

Aegon Life Insurance Branch Manager Salaries by Location