Ageas Federal Life Insurance Bancassurance Manager Salaries by 7 Employees (Updated 2025)

2 - 8 years exp.

₹4 Lakhs - ₹4.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% less than the average Bancassurance Manager Salary in Insurance Companies for 2 - 8 years of experience

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Salaries in different departments

Finance & Accounting Bancassurance Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.8 L/yr
BFSI, Investments & Trading Bancassurance Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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Sales & Business Development Bancassurance Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.8 L/yr

Last Updated: 31 Jan 2025

Companies similar to Ageas Federal Life Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Bancassurance Manager Salary 0 - 7 years exp. (7 salaries)	₹3.3 L/yr - ₹4.5 L/yr 11% less
Cholamandalam MS General Insurance Bancassurance Manager Salary 0 - 2 years exp. (6 salaries)	₹3.5 L/yr - ₹3.9 L/yr 16% less
Login to view exact salary
Future Generali India Life Insurance Bancassurance Manager Salary 8 - 12 years exp. (5 salaries)	₹3 L/yr - ₹7.8 L/yr 46% more
Magma HDI General Insurance Bancassurance Manager Salary 6 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 33% more
Edelweiss Life Insurance Bancassurance Manager Salary 0 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹8 L/yr 2% more
ManipalCigna Health Insurance Bancassurance Manager Salary 5 - 11 years exp. (4 salaries)	₹3.5 L/yr - ₹6.4 L/yr 3% more
Universal Sompo General Insurance Bancassurance Manager Salary 4 - 8 years exp. (4 salaries)	₹3.7 L/yr - ₹5 L/yr 12% less

Bancassurance Manager salary at Ageas Federal Life Insurance ranges between ₹4 Lakhs to ₹4.8 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Ageas Federal Life Insurance.

Experience wise Ageas Federal Life Insurance Bancassurance Manager salaries

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.6 L/yr
3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹8 L/yr
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4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
5 years (3 salaries)	₹4 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr

View all

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₹2.7 L/yr - ₹3.5 L/yr

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Deputy Manager Salary

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₹3.1 L/yr - ₹5.75 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.6 L/yr - ₹4.1 L/yr

Senior Relationship Manager Salary

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Salary related reviews for Ageas Federal Life Insurance

4.6

Rated by 6 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

Senior Relationship Manager in Thiruvananthapuram

Full Time

Finance & Accounting Department

2.0

• posted on 26 Apr 2022

4.0

for Salary and Benefits

Likes

Worst senior manager makes the company worst place to work with, good package is the only best thing

Salary - Good

Dislikes

Worst selling practice, worst management, worst incentive packages makes the company worst place to work with

Skill development - Poor

+4 more

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 .

Senior Relationship Manager in Goregaon

Customer Success, Service & Operations Department

1.0

• posted on 11 Nov 2021

1.0

for Salary and Benefits

Likes

Not good place to work only trainer things they are running company and no one is doing work except him. Work culture is not good in Branch office..

Dislikes

...ess through banca channel and pressure is high in Agency even for banca is same. Even salary is not decent, training are given but in expectations of 1 cr business from every one. Otherwise trainer will not do his Lal front of HOD. So not good company to work in sales

Salary - Bad

+6 more

Branch Support Associate in Visakhapatnam

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 21 Feb 2024

4.0

for Salary and Benefits

Likes

I had been worked in Ageas federal since 2021 April to Nov 2023..it's working culture like Employee friendly Atmosphere and work life balanced.

Salary - Good

+5 more

Dislikes

Middle Management hasn't take care of Employees salary growth of operations Support Employees

Promotions - Poor

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Ageas Federal Life Insurance Bancassurance Manager Salary FAQs

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

The average salary of a Bancassurance Manager at Ageas Federal Life Insurance in India typically ranges from ₹4.0 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Bancassurance Manager at Ageas Federal Life Insurance earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Bancassurance 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 7 Ageas Federal Life Insurance employees in India.

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

The estimated take-home salary of a Bancassurance Manager at Ageas Federal Life Insurance in India typically ranges from ₹33,702 to ₹34,961 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 2 years to 8 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 7 salaries received from various employees of Ageas Federal Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ageas Federal Life Insurance for Bancassurance Manager in India?

Future Generali India Life Insurance	₹3.0 Lakhs to ₹7.8 Lakhs per year
Magma HDI General Insurance	₹4.5 Lakhs to ₹6.5 Lakhs per year
ManipalCigna Health Insurance	₹3.5 Lakhs to ₹6.4 Lakhs per year
Edelweiss Life Insurance	₹2.8 Lakhs to ₹8.0 Lakhs per year

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

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

The salary of a Bancassurance 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:

Aditya Birla Health Insurance Co	₹3.3 Lakhs to ₹4.5 Lakhs per year
Universal Sompo General Insurance	₹3.7 Lakhs to ₹5.0 Lakhs per year
Cholamandalam MS General Insurance	₹3.5 Lakhs to ₹3.9 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 Bancassurance Manager at Ageas Federal Life Insurance in India?

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

Experience	Average Salary Range
2 years	₹1.8 Lakhs to ₹4.6 Lakhs per year
3 years	₹4.4 Lakhs to ₹8.0 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.2 Lakhs per year
5 years	₹4.0 Lakhs to ₹4.6 Lakhs per year

and so on.

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Ageas Federal Life Insurance Bancassurance Manager Salaries

Ageas Federal Life Insurance Bancassurance Manager salary in India ranges between ₹4 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Ageas Federal Life Insurance latest salaries received from various employees of Ageas Federal Life Insurance.