Ageas Federal Life Insurance Area Manager Salaries by 5 Employees (Updated 2025)

15 - 19 years exp.

₹16.3 Lakhs - ₹21 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

95% more than the average Area Manager Salary in Insurance Companies for 15 - 19 years of experience

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Salaries in different departments

Sales & Business Development Area Manager Salary 15 - 19 years exp. (4 salaries)	₹17 L/yr - ₹21 L/yr
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BFSI, Investments & Trading Area Manager Salary 17 years exp. (AmbitionBox Estimate)	₹14.6 L/yr - ₹17.9 L/yr

Last Updated: 22 Mar 2025

Companies similar to Ageas Federal Life Insurance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Area Manager Salary 8 - 17 years exp. (118 salaries)	₹4.5 L/yr - ₹16.5 L/yr 51% less
Future Generali India Life Insurance Area Manager Salary 13 - 19 years exp. (43 salaries)	₹10.5 L/yr - ₹20 L/yr 19% less	2 job openings
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Bharti AXA Life Insurance Area Manager Salary 6 - 19 years exp. (39 salaries)	₹6.1 L/yr - ₹16.5 L/yr 47% less
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (35 salaries)	₹7 L/yr - ₹14 L/yr 42% less
Aditya Birla Health Insurance Co Area Manager Salary 10 - 18 years exp. (19 salaries)	₹8 L/yr - ₹16.5 L/yr 38% less
ManipalCigna Health Insurance Area Manager Salary 13 - 19 years exp. (24 salaries)	₹6 L/yr - ₹15 L/yr 46% less
Shriram General Insurance Area Manager Salary 12 - 20 years exp. (26 salaries)	₹8.3 L/yr - ₹15 L/yr 41% less
Liberty General Insurance Area Manager Salary 9 - 20 years exp. (24 salaries)	₹12.4 L/yr - ₹18.4 L/yr 21% less
Edelweiss Life Insurance Area Manager Salary 12 - 20 years exp. (16 salaries)	₹10 L/yr - ₹16.7 L/yr 25% less
IndiaFirst Life Insurance Area Manager Salary 13 - 17 years exp. (8 salaries)	₹9 L/yr - ₹16 L/yr 35% less
Royal Sundaram General Insurance Area Manager Salary 11 - 19 years exp. (7 salaries)	₹9 L/yr - ₹18.5 L/yr 41% less
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CignaTTk Health Insurance Area Manager Salary 7 - 14 years exp. (5 salaries)	₹8.6 L/yr - ₹10.5 L/yr 48% less
Magma HDI General Insurance Area Manager Salary 5 - 10 years exp. (5 salaries)	₹8.8 L/yr - ₹16.3 L/yr 29% less
Bajaj Capital Insurance Area Manager Salary 5 - 13 years exp. (5 salaries)	₹4 L/yr - ₹6.2 L/yr 72% less
Aegon Life Insurance Area Manager Salary 11 - 19 years exp. (4 salaries)	₹12 L/yr - ₹14 L/yr 31% less
Universal Sompo General Insurance Area Manager Salary 8 - 10 years exp. (4 salaries)	₹4.9 L/yr - ₹6.8 L/yr 71% less
Allianz Partners Area Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 64% less
Aegon Religare Life Insurance Area Manager Salary 16 - 20 years exp. (3 salaries)	₹10 L/yr - ₹20 L/yr 29% less

Area Manager salary at Ageas Federal Life Insurance ranges between ₹16.3 Lakhs to ₹21 Lakhs per year for employees with experience between 15 years to 19 years. Salary estimates are based on 5 latest salaries received from various employees of Ageas Federal Life Insurance.

Experience wise Ageas Federal Life Insurance Area Manager salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
15+ years (5 salaries)	₹16.3 L/yr - ₹21 L/yr
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Similar Designation salaries in Ageas Federal Life Insurance

Sales Manager Salary

(25 salaries)

₹2.9 L/yr - ₹7.6 L/yr

Branch Manager Salary

(11 salaries)

₹7 L/yr - ₹12 L/yr

Area Sales Manager Salary

(5 salaries)

₹6.8 L/yr - ₹17.4 L/yr

Cluster Manager Salary

(6 salaries)

₹7.5 L/yr - ₹8.97 L/yr

Deputy Manager Salary

(7 salaries)

₹3.1 L/yr - ₹5.75 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹22.1 L/yr - ₹28.2 L/yr

Marketing Manager Salary

(4 salaries)

₹10.95 L/yr - ₹15 L/yr

Territory Manager Salary

(22 salaries)

₹8.4 L/yr - ₹17.1 L/yr

Team Lead Salary

(22 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹4 L/yr - ₹5.1 L/yr

Salary related reviews for Ageas Federal Life Insurance

4.4

Rated by 2 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 09 Jun 2023

5.0

for Salary and Benefits

Likes

No Dress code work life balance Hybrid (presently) Salary and bonus attractive yearly bonus is amazim

Salary - Excellent

+6 more

Dislikes

9 hours complusory sitting and bimoetric some departments are not at all good Cafeteria will make you starve for good food

Branch Manager in Raipura

BFSI, Investments & Trading Department

1.0

• posted on 17 Apr 2021

3.0

for Salary and Benefits

Likes

...n Raipur pls don't join this organisation . Earlier 3 bm has also fired by them. They promise something while hire also pay good but once you start they don't give manpower not even sales manager. Dam this company has no idea to run variable agency..only depend on the banca. Don't know how they got best work place tag in India. Joining this organisation is a suicide with career....rest is own choice. Thanks.

Dislikes

Skill development - Bad

+5 more

Territory Manager in Bangalore / Bengaluru

Sales & Business Development Department

4.0

• posted on 01 Mar 2021

4.0

for Salary and Benefits

Likes

Flexibility to work. Space to workout your ideas. Performance gets recognised and incentivised.

Salary - Good

+2 more

Dislikes

When met with adversity like Covid, the management could have considered other cost cutting measures like reducing the salaries, instead of harassing employees by putting them in PIP, where its not because of their fault the business has come down. When one demands for loyalty in top management, loyalty cannot be bought, but is build through mutual trust and support, which the top management failed to recognise, panicked and took some wrong decisions.

Job security - Poor

Team Lead in Erode

Engineering - Software & QA Department

3.0

• posted on 17 Sep 2018

3.0

for Salary and Benefits

Likes

company was IRDAI government approval company it's very tough job but it's gives good salary and incentives to the employers so we learn how to speak with the customer and more things..

Skill development - Good

+3 more

Dislikes

more working pressure

Sales Manager in Bilaspur

BFSI, Investments & Trading Department

5.0

• posted on 26 Mar 2018

5.0

for Salary and Benefits

Likes

This is good organization , where u can achieve everything . You are free to ur job and u know what u to do . There is a lots of opportunity for carrier growth . I feel proud to having part of this company .

Salary - Excellent

+6 more

Dislikes

Salary .

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Ageas Federal Life Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Ageas Federal Life Insurance ?

The average salary of a Area Manager at Ageas Federal Life Insurance in India typically ranges from ₹16.3 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 15 years to 19 years).

The top 10% of Area Manager at Ageas Federal Life Insurance earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Area Manager Salaries at Ageas Federal 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 Ageas Federal Life Insurance employees in India.

What is the estimated take home salary of a Area Manager at Ageas Federal Life Insurance in India?

The estimated take-home salary of a Area Manager at Ageas Federal Life Insurance in India typically ranges from ₹1,25,861 to ₹1,29,899 per month. This is based on the average salary range of ₹16.3 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 15 years to 19 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 Ageas Federal Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Area Manager in companies similar to Ageas Federal Life Insurance in India?

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

Future Generali India Life Insurance	₹10.5 Lakhs to ₹20.0 Lakhs per year
Liberty General Insurance	₹12.4 Lakhs to ₹18.4 Lakhs per year
Edelweiss Life Insurance	₹10.0 Lakhs to ₹16.7 Lakhs per year
Magma HDI General Insurance	₹8.8 Lakhs to ₹16.3 Lakhs per year
Aegon Religare Life Insurance	₹10.0 Lakhs to ₹20.0 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 Area Manager at Ageas Federal Life Insurance in India?

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

Experience	Average Salary Range
15 years	₹16.3 Lakhs to ₹21.0 Lakhs per year

and so on.

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Ageas Federal Life Insurance Area Manager Salaries

Ageas Federal Life Insurance Area Manager salary in India ranges between ₹16.3 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Ageas Federal Life Insurance latest salaries received from various employees of Ageas Federal Life Insurance.