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Aegon Life Insurance Business Manager salaries in India

Annual salary range
5 - 9 years exp.
₹2.1 Lakhs - ₹3.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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75% less than the average Business Manager Salary in Insurance Companies for 5 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Manager Salary
5 - 8 years exp. (4 salaries)
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₹2.1 L/yr - ₹3.5 L/yr

Sales & Business Development
Business Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 3 Mar 2024

Companies similar to Aegon Life Insurance for Business Manager

Company name Avg Annual Salary Open Jobs
Logo
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₹2.2 L/yr - ₹5 L/yr

arrow icon 6% more
1 job opening
Logo
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₹3 L/yr - ₹8.5 L/yr

arrow icon 85% more
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₹3 L/yr - ₹6.3 L/yr

arrow icon 67% more
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₹4 L/yr - ₹6.5 L/yr

arrow icon 98% more
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₹3.8 L/yr - ₹6.5 L/yr

arrow icon 89% more
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₹2 L/yr - ₹4.3 L/yr

arrow icon 18% more
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₹3 L/yr - ₹3.9 L/yr

arrow icon 17% more
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₹3.5 L/yr - ₹9.4 L/yr

arrow icon 77% more
Business Manager salary at Aegon Life Insurance ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 6 latest salaries received from various employees of Aegon Life Insurance.

Latest annual salaries shared by Aegon Life Insurance Business Manager

10mo ago
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8 years exp.
1y ago
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9 years exp.
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8 years exp.
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6 years exp.
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5 years exp.
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7 years exp.

Experience wise Aegon Life Insurance Business Manager salaries

Last Updated: 3 Mar 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3 L/yr
8 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.5 L/yr
9 years (AmbitionBox Estimate)

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₹3 L/yr - ₹5.7 L/yr

Similar Designation salaries in Aegon Life Insurance

Branch Manager Salary
(5 salaries)
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₹5.1 L/yr - ₹13.19 L/yr
Sales Manager Salary
(12 salaries)
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₹3.5 L/yr - ₹6 L/yr
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₹10.8 L/yr - ₹25.35 L/yr
Area Manager Salary
(4 salaries)
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₹12 L/yr - ₹14 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹8.25 L/yr - ₹9.75 L/yr
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₹3.7 L/yr - ₹14 L/yr
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₹4.08 L/yr - ₹5.5 L/yr
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₹2.5 L/yr - ₹4.3 L/yr
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₹4 L/yr - ₹8 L/yr

Salary related reviews for Aegon Life Insurance

4.9

Rated by 3 employees for salary & benefits

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

read more
  • Skill development - Bad
  • +4 more

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

read more
  • Salary - Poor
  • +4 more

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.

read more
  • Salary - Poor
  • +5 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

Nothing to dislike in the company or its culture.

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.

read more
  • Skill development - Poor
  • +4 more
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Aegon Life Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Aegon Life Insurance ?
The average salary of a Business Manager at Aegon Life Insurance in India typically ranges from ₹2.1 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Business Manager at Aegon Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Business 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 6 Aegon Life Insurance employees in India.
What is the estimated take home salary of a Business Manager at Aegon Life Insurance in India?
The estimated take-home salary of a Business Manager at Aegon Life Insurance in India typically ranges from ₹19,992 to ₹21,656 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 5 years to 9 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 6 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 Business Manager in India?
Cholamandalam MS General Insurance ₹4.0 Lakhs to ₹6.5 Lakhs per year
Future Generali India Life Insurance ₹3.8 Lakhs to ₹6.5 Lakhs per year
Edelweiss Life Insurance ₹3.0 Lakhs to ₹8.5 Lakhs per year
Shriram General Insurance ₹3.5 Lakhs to ₹9.4 Lakhs per year
IndiaFirst Life Insurance ₹3.0 Lakhs to ₹6.3 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 Business Manager in companies similar to Aegon Life Insurance in India?
The salary of a Business 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:

Aegon Religare Life Insurance ₹2.0 Lakhs to ₹4.3 Lakhs per year
ManipalCigna Health Insurance ₹3.0 Lakhs to ₹3.9 Lakhs per year
Bharti AXA Life Insurance ₹2.2 Lakhs to ₹5.0 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 Aegon Life Insurance in India?
The salary growth for a Business Manager at Aegon Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at Aegon Life Insurance:

Experience Average Salary Range
5 years ₹2.1 Lakhs to ₹4.4 Lakhs per year
6 years ₹1.1 Lakhs to ₹3.0 Lakhs per year
7 years ₹1.1 Lakhs to ₹3.0 Lakhs per year
8 years ₹2.5 Lakhs to ₹3.5 Lakhs per year
and so on.

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Aegon Life Insurance Business Manager salary in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Aegon Life Insurance latest salaries received from various employees of Aegon Life Insurance.