Ageas Federal Life Insurance Mumbai Senior Manager Salaries by 20+ Employees (Updated 2025)

8 - 20 years exp.

₹14 Lakhs - ₹34.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Senior Manager Salary in Insurance Companies for 8 - 20 years of experience

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Salaries in different departments

Finance & Accounting Senior Manager Salary 9 - 20 years exp. (5 salaries)	₹14 L/yr - ₹25.6 L/yr
BFSI, Investments & Trading Senior Manager Salary 8 - 15 years exp. (4 salaries)	₹20 L/yr - ₹30.5 L/yr
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Project & Program Management Senior Manager Salary 8 - 11 years exp. (4 salaries)	₹24.1 L/yr - ₹34.5 L/yr
Customer Success, Service & Operations Senior Manager Salary 14 - 17 years exp. (AmbitionBox Estimate)	₹18.7 L/yr - ₹25.9 L/yr
IT & Information Security Senior Manager Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹23.6 L/yr

View all

Last Updated: 4 Apr 2025

Companies similar to Ageas Federal Life Insurance for Senior Manager in Mumbai

Ageas Federal Life Insurance Senior Manager Salary

8 - 20 years exp. (25 salaries)

₹14 L/yr - ₹34.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 14 years exp. (74 salaries)	₹6.9 L/yr - ₹18.4 L/yr 51% less
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (54 salaries)	₹6.2 L/yr - ₹22.5 L/yr 33% less
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Aegon Life Insurance Senior Manager Salary 4 - 16 years exp. (43 salaries)	₹7 L/yr - ₹25.4 L/yr 36% less
Future Generali India Life Insurance Senior Manager Salary 10 - 20 years exp. (40 salaries)	₹8.1 L/yr - ₹28 L/yr 11% less	1 job opening
Magma HDI General Insurance Senior Manager Salary 4 - 20 years exp. (32 salaries)	₹12 L/yr - ₹23 L/yr 22% less
Edelweiss Life Insurance Senior Manager Salary 7 - 20 years exp. (32 salaries)	₹9 L/yr - ₹29.2 L/yr 28% less
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (26 salaries)	₹8.2 L/yr - ₹22.3 L/yr 38% less
ManipalCigna Health Insurance Senior Manager Salary 4 - 19 years exp. (20 salaries)	₹8.3 L/yr - ₹25 L/yr 36% less
Medi Assist India Senior Manager Salary 10 - 19 years exp. (19 salaries)	₹7 L/yr - ₹17 L/yr 40% less	3 job openings
Universal Sompo General Insurance Senior Manager Salary 9 - 18 years exp. (13 salaries)	₹14.8 L/yr - ₹19.5 L/yr 23% less
Marsh Senior Manager Salary 3 - 15 years exp. (9 salaries)	₹11.9 L/yr - ₹25.8 L/yr 20% less
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Paramount Health Services Tpa Senior Manager Salary 9 - 20 years exp. (8 salaries)	₹5.1 L/yr - ₹8 L/yr 70% less
Birla Sun Life Mutual Fund Senior Manager Salary 9 - 14 years exp. (4 salaries)	₹9.5 L/yr - ₹16 L/yr 52% less
Aegon Religare Life Insurance Senior Manager Salary 4 - 12 years exp. (4 salaries)	₹10 L/yr - ₹13 L/yr 51% less
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (4 salaries)	₹3.5 L/yr - ₹13.3 L/yr 63% less
Aviva Life Insurance India Senior Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹17 L/yr 38% less
Shriram General Insurance Senior Manager Salary 10 - 13 years exp. (3 salaries)	₹6 L/yr - ₹9 L/yr 61% less

Senior Manager salary at Ageas Federal Life Insurance ranges between ₹14 Lakhs to ₹34.5 Lakhs per year for employees with experience between 8 years to 20 years. Salary estimates are based on 25 latest salaries received from various employees of Ageas Federal Life Insurance.

Latest annual salaries shared by Ageas Federal Life Insurance Senior Manager in Mumbai

1w ago

₹20 Lakhs

14 years exp.

3w ago

₹23.6 Lakhs

17 years exp.

1mo ago

₹24 Lakhs

9 years exp.

2mo ago

₹25.6 Lakhs

11 years exp.

2mo ago

₹20 Lakhs

10 years exp.

2mo ago

11 years exp.

3mo ago

10 years exp.

3mo ago

10 years exp.

4mo ago

9 years exp.

5mo ago

20 years exp.

Experience wise Ageas Federal Life Insurance Senior Manager salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹23.2 L/yr - ₹29.6 L/yr
9 years (4 salaries)	₹22.8 L/yr - ₹34.5 L/yr
Login to view exact salary
10 years (7 salaries)	₹20 L/yr - ₹30.5 L/yr
11 years (3 salaries)	₹9.6 L/yr - ₹25.6 L/yr
12 years (AmbitionBox Estimate)	₹21.2 L/yr - ₹27.1 L/yr
13 years (AmbitionBox Estimate)	₹20.7 L/yr - ₹26.4 L/yr
14 years (AmbitionBox Estimate)	₹20.2 L/yr - ₹25.8 L/yr
15+ years (7 salaries)	₹14 L/yr - ₹23.6 L/yr

View all

Similar Designation salaries in Ageas Federal Life Insurance

Territory Manager Salary

(5 salaries)

₹11.25 L/yr - ₹15.25 L/yr

Relationship Manager Salary

(3 salaries)

₹3.1 L/yr - ₹4 L/yr

Top skills at Ageas Federal Life Insurance for Senior Manager

Life Insurance Project Management Process Excellence Process Improvement Quality Check

Salary related reviews for Ageas Federal Life Insurance

4.4

Rated by 3 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 .

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Ageas Federal Life Insurance Senior Manager Salary FAQs

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

The average salary of a Senior Manager at Ageas Federal Life Insurance in Mumbai typically ranges from ₹14.0 Lakhs to ₹34.5 Lakhs per year, depending on experience (from 8 years to 20 years).

The top 10% of Senior Manager in Mumbai at Ageas Federal Life Insurance earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹34.5 Lakhs per year. Senior 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 20+ Ageas Federal Life Insurance employees in India.

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

The estimated take-home salary of a Senior Manager at Ageas Federal Life Insurance in Mumbai typically ranges from ₹1,44,800 to ₹1,50,210 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹34.5 Lakhs per year for employees with experience ranging from 8 years to 20 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 20+ salaries received from various employees of Ageas Federal 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 Ageas Federal Life Insurance in Mumbai?

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

- Life Insurance
- Project Management
- Process Excellence
- Process Improvement
- Quality Check

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

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

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

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
Edelweiss Life Insurance	₹9.0 Lakhs to ₹29.2 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 Ageas Federal Life Insurance in Mumbai?

The salary growth for a Senior Manager at Ageas Federal 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 Ageas Federal Life Insurance:

Experience	Average Salary Range
8 years	₹23.2 Lakhs to ₹29.6 Lakhs per year
9 years	₹22.8 Lakhs to ₹34.5 Lakhs per year
10 years	₹20.0 Lakhs to ₹30.5 Lakhs per year
11 years	₹9.6 Lakhs to ₹25.6 Lakhs per year

and so on.

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Ageas Federal Life Insurance Senior Manager Salaries in Mumbai

Ageas Federal Life Insurance Senior Manager salary in Mumbai ranges between ₹14 Lakhs to ₹34.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 Ageas Federal Life Insurance latest salaries received from various employees of Ageas Federal Life Insurance.