Aegon Life Insurance Mumbai Senior Manager Salaries by 40+ Employees

4 - 16 years exp.

₹7 Lakhs - ₹25.4 Lakhs

Salary of majority employees

34% less than the average Senior Manager Salary in Insurance Companies for 4 - 16 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Senior Manager Salary 4 - 16 years exp. (15 salaries)	₹7.5 L/yr - ₹19 L/yr
Product Management Senior Manager Salary 6 - 12 years exp. (4 salaries)	₹9 L/yr - ₹22.8 L/yr
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Legal & Regulatory Senior Manager Salary 8 - 16 years exp. (4 salaries)	₹11.6 L/yr - ₹16 L/yr
BFSI, Investments & Trading Senior Manager Salary 9 - 13 years exp. (3 salaries)	₹7 L/yr - ₹20.6 L/yr
Sales & Business Development Senior Manager Salary 5 - 10 years exp. (3 salaries)	₹14 L/yr - ₹26 L/yr

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Last Updated: 17 Oct 2024

Companies similar to Aegon Life Insurance for Senior Manager in Mumbai

Aegon Life Insurance Senior Manager Salary

4 - 16 years exp. (43 salaries)

₹7 L/yr - ₹25.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 14 years exp. (68 salaries)	₹4.2 L/yr - ₹17.5 L/yr 29% less
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (54 salaries)	₹6.2 L/yr - ₹22.5 L/yr 5% more
Login to view exact salary
Future Generali India Life Insurance Senior Manager Salary 10 - 20 years exp. (40 salaries)	₹8.1 L/yr - ₹28 L/yr 39% more	1 job opening
Magma HDI General Insurance Senior Manager Salary 4 - 20 years exp. (32 salaries)	₹12 L/yr - ₹23 L/yr 21% more
Edelweiss Life Insurance Senior Manager Salary 7 - 20 years exp. (32 salaries)	₹9 L/yr - ₹29.2 L/yr 13% more
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (26 salaries)	₹8.2 L/yr - ₹22.3 L/yr 3% less
Ageas Federal Life Insurance Senior Manager Salary 8 - 20 years exp. (23 salaries)	₹14 L/yr - ₹34.5 L/yr 48% more
ManipalCigna Health Insurance Senior Manager Salary 4 - 19 years exp. (21 salaries)	₹8.6 L/yr - ₹25 L/yr 6% more
Medi Assist India Senior Manager Salary 10 - 19 years exp. (19 salaries)	₹7 L/yr - ₹17 L/yr 5% less	3 job openings
Universal Sompo General Insurance Senior Manager Salary 9 - 16 years exp. (12 salaries)	₹14.8 L/yr - ₹19.5 L/yr 20% more
Marsh Senior Manager Salary 3 - 15 years exp. (9 salaries)	₹11.9 L/yr - ₹25.8 L/yr 26% more
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Paramount Health Services Tpa Senior Manager Salary 9 - 20 years exp. (8 salaries)	₹5.1 L/yr - ₹8 L/yr 54% less
Aegon Religare Life Insurance Senior Manager Salary 4 - 12 years exp. (4 salaries)	₹10 L/yr - ₹13 L/yr 23% less
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (4 salaries)	₹3.5 L/yr - ₹13.3 L/yr 41% less
Aviva Life Insurance India Senior Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹17 L/yr 3% less
Shriram General Insurance Senior Manager Salary 10 - 13 years exp. (3 salaries)	₹6 L/yr - ₹9 L/yr 39% less

Senior Manager salary at Aegon Life Insurance ranges between ₹7 Lakhs to ₹25.4 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 43 latest salaries received from various employees of Aegon Life Insurance.

Experience wise Aegon Life Insurance Senior Manager salaries in Mumbai

Last Updated: 17 Oct 2024

Experience	Avg Annual Salary
4 years (3 salaries)	₹10.3 L/yr - ₹17 L/yr
5 years (3 salaries)	₹11.6 L/yr - ₹17.9 L/yr
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6 years (4 salaries)	₹9 L/yr - ₹16 L/yr
7 years (6 salaries)	₹8.5 L/yr - ₹24 L/yr
8 years (5 salaries)	₹14 L/yr - ₹23 L/yr
9 years (5 salaries)	₹11.6 L/yr - ₹26 L/yr
10 years (5 salaries)	₹7.5 L/yr - ₹25 L/yr
11 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr
12 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
13 years (5 salaries)	₹7 L/yr - ₹19 L/yr
14 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
15+ years (3 salaries)	₹11.5 L/yr - ₹24.5 L/yr

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Similar Designation salaries in Aegon Life Insurance

Relationship Manager Salary

(34 salaries)

₹2.7 L/yr - ₹4.3 L/yr

Sales Manager Salary

(3 salaries)

₹3.9 L/yr - ₹6 L/yr

Top skills at Aegon Life Insurance for Senior Manager

Auditing Risk Assessment Project Management Root Cause Analysis Internal Audit

Salary related reviews for Aegon Life Insurance

4.3

Rated by 5 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.

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

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.

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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a manager - business analyst

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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Aegon Life Insurance Senior Manager Salary FAQs

What is the salary of Senior Manager at Aegon Life Insurance in Mumbai?

The average salary of a Senior Manager at Aegon Life Insurance in Mumbai typically ranges from ₹7.0 Lakhs to ₹25.4 Lakhs per year, depending on experience (from 4 years to 16 years).

The top 10% of Senior Manager in Mumbai at Aegon Life Insurance earn more than ₹23.2 Lakhs per year, and the top 1% earn over ₹26.0 Lakhs per year. Senior 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 40+ Aegon Life Insurance employees in India.

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

The estimated take-home salary of a Senior Manager at Aegon Life Insurance in Mumbai typically ranges from ₹99,594 to ₹1,02,303 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹25.4 Lakhs per year for employees with experience ranging from 4 years to 16 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 40+ salaries received from various employees of Aegon Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Senior Manager at Aegon Life Insurance in Mumbai?

To be a Senior Manager at Aegon Life Insurance in Mumbai, the key skills required include:

- Auditing
- Risk Assessment
- Project Management
- Root Cause Analysis
- Internal Audit

These skills are highly valued at Aegon Life Insurance and are crucial for successful performance in a Software Engineering role.

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

Ageas Federal Life Insurance	₹14.0 Lakhs to ₹34.5 Lakhs per year
Future Generali India Life Insurance	₹8.1 Lakhs to ₹28.0 Lakhs per year
Marsh	₹11.9 Lakhs to ₹25.8 Lakhs per year
Magma HDI General Insurance	₹12.0 Lakhs to ₹23.0 Lakhs per year
Universal Sompo General Insurance	₹14.8 Lakhs to ₹19.5 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 Senior Manager in companies similar to Aegon Life Insurance in Mumbai?

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

Edelweiss Life Insurance	₹9.0 Lakhs to ₹29.2 Lakhs per year
ManipalCigna Health Insurance	₹8.6 Lakhs to ₹25.0 Lakhs per year
IndiaFirst Life Insurance	₹6.2 Lakhs to ₹22.5 Lakhs per year
Bharti AXA Life Insurance	₹8.2 Lakhs to ₹22.3 Lakhs per year
Aviva Life Insurance India	₹10.0 Lakhs to ₹17.0 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 Senior Manager at Aegon Life Insurance in Mumbai?

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

Experience	Average Salary Range
4 years	₹10.3 Lakhs to ₹17.0 Lakhs per year
5 years	₹11.6 Lakhs to ₹17.9 Lakhs per year
6 years	₹9.0 Lakhs to ₹16.0 Lakhs per year
7 years	₹8.5 Lakhs to ₹24.0 Lakhs per year

and so on.

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Aegon Life Insurance Senior Manager Salaries in Mumbai

Aegon Life Insurance Senior Manager salary in Mumbai ranges between ₹7 Lakhs to ₹25.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 43 Aegon Life Insurance latest salaries received from various employees of Aegon Life Insurance.