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3.8

based on 55 Reviews

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Alliance Insurance Brokers Salaries in India

based on 344 latest salaries
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BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs
7 - 17 years exp. (13 salaries)
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₹12 L/yr - ₹21 L/yr

10 - 19 years exp. (6 salaries)
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₹20 L/yr - ₹28 L/yr

11 - 17 years exp. (6 salaries)
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₹20 L/yr - ₹25.6 L/yr

0 - 4 years exp. (5 salaries)
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₹2.4 L/yr - ₹3.7 L/yr

Starting your career? Discover Alliance Insurance Brokers fresher salaries in India
11 - 17 years exp. (5 salaries)
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₹11 L/yr - ₹18.6 L/yr

1 - 4 years exp. (5 salaries)
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₹1.9 L/yr - ₹3 L/yr

5 - 10 years exp. (4 salaries)
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₹9 L/yr - ₹15 L/yr

10 - 13 years exp. (4 salaries)
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₹6.8 L/yr - ₹8.7 L/yr

Experience: NA  (4 salaries)
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₹15.5 L/yr - ₹20 L/yr

15 - 31 years exp. (4 salaries)
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₹25 L/yr - ₹53 L/yr

7 - 11 years exp. (4 salaries)
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₹11 L/yr - ₹19.4 L/yr

5 - 9 years exp. (4 salaries)
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₹5.5 L/yr - ₹9.8 L/yr

11 - 15 years exp. (4 salaries)
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₹11.4 L/yr - ₹15 L/yr

15 years exp. (4 salaries)
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₹32 L/yr - ₹37 L/yr

2 - 4 years exp. (3 salaries)
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₹2.9 L/yr - ₹6.5 L/yr

13 - 27 years exp. (3 salaries)
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₹75 L/yr - ₹1 Cr/yr

0 - 2 years exp. (3 salaries)
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₹3 L/yr - ₹3.4 L/yr

7 - 9 years exp. (3 salaries)
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₹10 L/yr - ₹12.8 L/yr

18 - 25 years exp. (3 salaries)
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₹50 L/yr - ₹96 L/yr

11 - 15 years exp. (3 salaries)
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₹16 L/yr - ₹21 L/yr

Last Updated: 20 Dec, 2024

Salary related reviews for Alliance Insurance Brokers

3.4

Rated by 55 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 13 Jun 2024

5.0
 for  Salary and Benefits

Likes

Flexibility Work-life balance Company culture Fair pay Quality benefits Open-door policy

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Dislikes

Here are some things people may dislike in general: Job insecurity Burnout Poor work environment Management Lack of communication; But these are certainly not applicable to working at Alliance Insurance Brokers...

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Full Time

 · 

Other Department

1.0
  •  posted on 08 Dec 2023

1.0
 for  Salary and Benefits

Likes

Nothing to mention. Read full review, below in dislikes section.

Dislikes

...ining this company unless there are no other job options available for survival. It might be better to stay at home or consider freelancing or working for a company that offers a lower salary than Alliance, but without the unfavorable work conditions found here. . Salary / appraisals: When requesting a salary correction, a mandatory 2-3 year bond is enforced. However, this is not the only concern, as being ineligible for the next year's appraisal post-correction is also a stringent condition. Furthermore, a 3-month locking period is imposed after receiving an appraisal. . There is a minimum 3-month delay in appraisals, intentionally implemented regardless of the reasons presented. The purpose behind this delay is clear – to hinder the possibility of an employee switching companies and becoming eligible for the new company's appraisal cycle. Typically, if one receives an appraisal in April/May and switches after 3 months, they would be eligible for the new company's appraisal cycle. In contrast, within this system, receiving an appraisal as early as August and switching after 3 months, along with a 3-month notice period, results in ineligibility for the new company's appraisal cycle. . Most Important: The workplace may not always be safe for women, particularly if a woman is perceived as attractive. Some men may exhibit inappropriate behavior, with a significant number of them engaging in unwanted attention. It is important to note that not all men fall into this category, but a concerning proportion, around 3 to 4 out of 5, seem to act as certified international stalk*rs. . Compounding the issue, HR departments often appear indifferent to these concerns. Despite their role in ostensibly caring for employees, they seem to function more as company pupp*ts, neglecting to address or rectify such unsettling situations. . Conclusion: This review provides a sincere, day-by-day assessment without resorting to anger bias. Unfortunately, there appears to be limited room for progress, learning, or development within the company. The management's approach of terminating departments abruptly if they do not meet unrealistic expectations and transferring employees elsewhere does not contribute to genuine development or progress. Consequently, some employees have been working for over a decade without evident evolution. . It seems that the company is in a perpetual survival mode, and the top-level management lacks the expertise required for their assigned roles, resorting to trial and error methods. Expectations for employees go beyond performing their designated tasks; they are also expected to go above and beyond. However, the management does not seem receptive to employee suggestions, prioritizing their preferences over progress. Ego appears to take precedence, contributing to a discriminatory application of rules. . Working in such an environment can negatively impact productivity and creativity, as employees may adopt the unprofessional and politically charged behavior prevalent in the company. This culture, marked by a lack of professionalism and involvement in office politics, has the potential to impede personal and professional growth. . The finance team is highlighted as being ineffective, with some members displaying disrespect when addressing concerns or questions. Additionally, the unexpected deduction of TDS from salaries is noted as a significant issue. . The physical office environment is criticized for being unhygienic, with the presence of bugs, rats, and cockroaches throughout the premises. This further adds to the unfavorable working conditions that employees have to contend with. . Advice to management: Be real, genuine, and reasonable. Your incompet*nce is affecting employees who are genuine and working hard. Neither you, your company, nor its employees will grow if this continues.

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Employee Benefits Department

1.0
  •  posted on 27 Dec 2021

1.0
 for  Salary and Benefits

Likes

Bias management, no opportunity to grow. Few top leaders are getting growth in terms of package, promotions and company facilities. Most People's left organisation in very short tenure (2-3 yrs)due to bad management behaviour. They are hiring only restricted to specific job, after accomplished they started harass the employees in order to put paper or resign. While they are hiring the scholar under the job title 'permanent'. Lot of politics if you have skill to play politics then you can service in the system otherwise they will ruined your carrier from every aspect.

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 21 Dec 2023

4.0
 for  Salary and Benefits

Likes

Company is having good presence in Event, sports Insurance. Company is market leader in this segment.

Dislikes

On Marketing front end number of people are available however in case of service issues key account manager is responsible for everything. Same treatment is given to all people be it hard-worker or slow or no worker.

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BFSI, Investments & Trading Department

1.0
  •  posted on 01 Oct 2021

3.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Culture where pathetic... I have resigned in 2 minths. There were not relieving me. Even today I have to follow up for my full and final setylement. Even HR team will not respond to u once ur resigned

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Alliance Insurance Brokers Salary FAQs

How much does Alliance Insurance Brokers pay per year?
The average Alliance Insurance Brokers salary ranges from approximately ₹1.9 Lakh to ₹3 Lakhs per year for a Back Office Executive and ₹20 Lakhs to ₹28 Lakhs per year for a Associate Vice President. Salary estimates are based on 344 Alliance Insurance Brokers salaries received from various employees of Alliance Insurance Brokers. Alliance Insurance Brokers employees rate the overall salary and benefits package 3.4/5 stars.
What is the highest salary in Alliance Insurance Brokers?
The highest-paying job at Alliance Insurance Brokers is a Associate Vice President with a salary of ₹20 Lakhs to ₹28 Lakhs per year. The top 10% of employees earn more than ₹25.13 lakhs per year. The top 1% earn more than a whopping ₹81.12 lakhs per year.
What is the minimum salary in Alliance Insurance Brokers?
Minimum salary at Alliance Insurance Brokers depends on the role you are applying for. For Back Office Executive the minimum salary is ₹1.9 Lakh to ₹3 Lakhs per year, and for Senior Executive Operations the minimum salary is ₹2.4 Lakhs to ₹3.7 Lakhs per year and so on.
What is the notice period at Alliance Insurance Brokers?
According to AmbitionBox, 61% of the Alliance Insurance Brokers employees reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 222 responses on AmbitionBox in last 2 years.

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Average annual salary in Alliance Insurance Brokers is INRunlock blur . Salary estimates are based on 344 Alliance Insurance Brokers latest salaries received from various employees of Alliance Insurance Brokers.

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