Aegon Life Insurance Business Manager Salaries by 6 Employees (Updated 2024)

5 - 9 years exp.

₹2.1 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

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)	₹2.1 L/yr - ₹3.5 L/yr
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Sales & Business Development Business Manager Salary 7 years exp. (AmbitionBox Estimate)	₹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
HDFC Life Business Manager Salary 3 - 15 years exp. (10 salaries)	₹2.4 L/yr - ₹10 L/yr 83% more
ICICI Prudential Life Insurance Business Manager Salary 0 - 8 years exp. (9 salaries)	₹3.1 L/yr - ₹4 L/yr 35% more
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SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (31 salaries)	₹4.4 L/yr - ₹8.5 L/yr 135% more
Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	₹3.1 L/yr - ₹6.4 L/yr 55% more
Bajaj Allianz Life Insurance Business Manager Salary 7 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 62% more
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 76% more
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (20 salaries)	₹5.6 L/yr - ₹10.6 L/yr 188% more
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 103% more
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 181% more
Bharti AXA Life Insurance Business Manager Salary 1 - 9 years exp. (205 salaries)	₹2 L/yr - ₹4.3 L/yr 6% more
Edelweiss Tokio Life Insurance Business Manager Salary 3 - 16 years exp. (35 salaries)	₹3 L/yr - ₹8.5 L/yr 85% more
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IndiaFirst Life Insurance Business Manager Salary 3 - 13 years exp. (27 salaries)	₹2.8 L/yr - ₹6.3 L/yr 72% more
Cholamandalam MS General Insurance Business Manager Salary 3 - 11 years exp. (13 salaries)	₹4 L/yr - ₹6.5 L/yr 98% more
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	₹3.8 L/yr - ₹6.5 L/yr 89% more
ManipalCigna Health Insurance Business Manager Salary 4 - 7 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 13% more
Shriram General Insurance Business Manager Salary 6 - 18 years exp. (4 salaries)	₹3.5 L/yr - ₹9.4 L/yr 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.

Experience wise Aegon Life Insurance Business Manager salaries

Last Updated: 3 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
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7 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr

Similar Designation salaries in Aegon Life Insurance

Branch Manager Salary

(5 salaries)

₹5.1 L/yr - ₹13.19 L/yr

Sales Manager Salary

(17 salaries)

₹3.5 L/yr - ₹5.5 L/yr

Regional Manager Salary

(6 salaries)

₹10.8 L/yr - ₹25.35 L/yr

Area Manager Salary

(4 salaries)

₹12 L/yr - ₹14 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Territory Manager Salary

(4 salaries)

₹8.25 L/yr - ₹9.75 L/yr

Area Sales Manager Salary

(4 salaries)

₹3.7 L/yr - ₹14 L/yr

Senior Sales Manager Salary

(3 salaries)

₹4.08 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(181 salaries)

₹2.4 L/yr - ₹4.35 L/yr

Business Development Manager Salary

(18 salaries)

₹4 L/yr - ₹8 L/yr

Salary related reviews for Aegon Life Insurance

5.0

Rated by 3 employees for salary & benefits

Regional Manager in Kolkata

BFSI, Investments & Trading Department

1.0

• posted on 25 Oct 2021

4.0

for Salary and Benefits

Likes

Nothing 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

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.

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

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.

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.

Dislikes

Nothing to dislike in the company or its culture.

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.

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.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Aegon Life Insurance Business Manager Salary FAQs

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

Business Manager salary at Aegon Life Insurance in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs for experience between 5 years to 9 years. According to our estimates it is 75% less than the average Business Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Aegon Life Insurance India.

How does the salary of a Business Manager at Aegon Life Insurance India compare with the average salary range for this job?

The average salary of a Business Manager at Aegon Life Insurance is 75% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Aegon Life Insurance to a Business Manager in India?

Tata AIA Life Insurance Business Manager Salary - ₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company Business Manager Salary - ₹4.4 Lakhs to ₹8.5 Lakhs per year
PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
Cholamandalam MS General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year

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

Future Generali India Life Insurance Business Manager Salary - ₹3.8 Lakhs to ₹6.5 Lakhs per year
Edelweiss Tokio Life Insurance Business Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year
HDFC Life Business Manager Salary - ₹2.4 Lakhs to ₹10.0 Lakhs per year
Shriram General Insurance Business Manager Salary - ₹3.5 Lakhs to ₹9.4 Lakhs per year
Kotak Mahindara Life Insurance Business Manager Salary - ₹3.4 Lakhs to ₹6.2 Lakhs per year

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 ranges between ₹19,992 per month to ₹21,656 per month in India. The take-home salary calculation is based on the average Aegon Life Insurance Business Manager salary in India which ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

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Aegon Life Insurance Business Manager Salaries

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

Aegon Life Insurance Business Manager salaries in India

Companies similar to Aegon Life Insurance for Business Manager

Latest annual salaries shared by Aegon Life Insurance Business Manager

Experience wise Aegon Life Insurance Business Manager salaries

Similar Designation salaries in Aegon Life Insurance

Salary related reviews for Aegon Life Insurance

Regional Manager in Kolkata

Relationship Manager in Pune

Assistant Manager (working remotely)

DVP in HO Mumbai

Assistant Manager in Mumbai

Aegon Life Insurance Business Manager Salary FAQs

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Aegon Life Insurance Business Manager Salaries by Location