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Alliance Insurance Brokers Manager salaries in India (Updated 2025)

Annual salary range
2 - 10 years exp.
₹6 Lakhs - ₹12 Lakhs
Salary of majority employees
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54% less than the average Manager Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Manager Salary
7 - 10 years exp. (10 salaries)
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₹7 L/yr - ₹9 L/yr

BFSI, Investments & Trading
Manager Salary
2 - 8 years exp. (5 salaries)
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₹6 L/yr - ₹8 L/yr

Sales & Business Development
Manager Salary
2 - 10 years exp. (5 salaries)
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₹8 L/yr - ₹9.6 L/yr

Risk Management & Compliance
Manager Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹10.2 L/yr - ₹12 L/yr

Last Updated: 31 Jan 2025

Companies similar to Alliance Insurance Brokers for Manager

Company name Avg Annual Salary Open Jobs
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3 - 18 years exp. (252 salaries)

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Bajaj Allianz Life Insurance Manager Salary

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₹3.8 L/yr - ₹9.5 L/yr

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Prudent Insurance Brokers Manager Salary

4 - 13 years exp. (63 salaries)

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₹5 L/yr - ₹15.7 L/yr

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10 - 17 years exp. (57 salaries)

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₹12.3 L/yr - ₹32 L/yr

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Marsh India Insurance Brokers Manager Salary

3 - 11 years exp. (48 salaries)

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₹6.1 L/yr - ₹19 L/yr

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Aditya Birla Insurance Brokers Manager Salary

4 - 17 years exp. (33 salaries)

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₹4.4 L/yr - ₹15 L/yr

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Vidal Health Tpa Manager Salary

4 - 13 years exp. (18 salaries)

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₹6 L/yr - ₹11.8 L/yr

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Health India Tpa Services Manager Salary

0 - 20 years exp. (18 salaries)

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₹4.5 L/yr - ₹7.8 L/yr

arrow icon 28% less
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₹6.5 L/yr - ₹11 L/yr

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Smc Insurance Brokers Manager Salary

4 - 13 years exp. (13 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 25% less
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₹9 L/yr - ₹13 L/yr

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₹6 L/yr - ₹11.5 L/yr

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Easypolicy.com Manager Salary

6 - 9 years exp. (5 salaries)

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₹5 L/yr - ₹9.7 L/yr

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Robinhood Insurance Broker Manager Salary

3 - 16 years exp. (5 salaries)

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₹2.4 L/yr - ₹10.5 L/yr

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Medsave Healthcare TPA Manager Salary

5 - 10 years exp. (5 salaries)

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₹3.4 L/yr - ₹6.5 L/yr

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₹4.9 L/yr - ₹10 L/yr

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Coverfox Manager Salary

1 - 20 years exp. (4 salaries)

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₹3.5 L/yr - ₹11.5 L/yr

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Health Insurance TPA of India Manager Salary

13 - 21 years exp. (4 salaries)

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₹4.4 L/yr - ₹9 L/yr

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₹3.2 L/yr - ₹6 L/yr

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View all
Manager salary at Alliance Insurance Brokers ranges between ₹6 Lakhs to ₹12 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 26 latest salaries received from various employees of Alliance Insurance Brokers.

Latest annual salaries shared by Alliance Insurance Brokers Manager

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9 years exp.

Experience wise Alliance Insurance Brokers Manager salaries

Last Updated: 31 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹7 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)

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₹6 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)

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₹7 L/yr - ₹13.4 L/yr
5 years  (3 salaries)

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₹6 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)

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₹3 L/yr - ₹8.2 L/yr
View all

Similar Designation salaries in Alliance Insurance Brokers

Deputy Manager Salary
(3 salaries)
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₹7.38 L/yr - ₹8 L/yr
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₹9 L/yr - ₹15.6 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹75 L/yr - ₹101 L/yr
Financial Controller Salary
(AmbitionBox Estimate)
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₹47.5 L/yr - ₹52.5 L/yr
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₹20 L/yr - ₹25.64 L/yr

Salary related reviews for Alliance Insurance Brokers

3.2

Rated by 11 employees for salary & benefits

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.

read more
  • Salary - Bad
  • +6 more

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

read more
  • Salary - Excellent
  • +6 more

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...

read more

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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Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +5 more

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.

  • Salary - Good
  • +3 more

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.

read more
  • Skill development - Poor
  • +2 more

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

read more
  • Skill development - Bad
  • +4 more
see more salary related reviews

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Alliance Insurance Brokers Manager Salary FAQs

What is the salary of Manager at Alliance Insurance Brokers ?
The average salary of a Manager at Alliance Insurance Brokers in India typically ranges from ₹6.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Manager at Alliance Insurance Brokers earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Manager Salaries at Alliance Insurance Brokers 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+ Alliance Insurance Brokers employees in India.
What is the estimated take home salary of a Manager at Alliance Insurance Brokers in India?
The estimated take-home salary of a Manager at Alliance Insurance Brokers in India typically ranges from ₹56,147 to ₹57,555 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 2 years to 10 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 Alliance Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Alliance Insurance Brokers for Manager in India?
AXA Business Services ₹12.3 Lakhs to ₹32.0 Lakhs per year
Tata AIA Life Insurance ₹5.9 Lakhs to ₹23.7 Lakhs per year
Bajaj Allianz Life Insurance ₹5.5 Lakhs to ₹22.0 Lakhs per year
Marsh India Insurance Brokers ₹6.1 Lakhs to ₹19.0 Lakhs per year
Prudent Insurance Brokers ₹5.0 Lakhs to ₹15.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Alliance Insurance Brokers, depending on the role and experience level.
What is the salary of a Manager in companies similar to Alliance Insurance Brokers in India?
The salary of a Manager at companies similar to Alliance Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Emedlife Insurance Broking Services ₹9.0 Lakhs to ₹13.0 Lakhs per year
Genworth ₹4.0 Lakhs to ₹11.3 Lakhs per year
Tata Motors Insurance Broking And Advisory Services ₹6.5 Lakhs to ₹11.0 Lakhs per year
Vidal Health Tpa ₹6.0 Lakhs to ₹11.8 Lakhs per year
Aditya Birla Insurance Brokers ₹4.4 Lakhs to ₹15.0 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 Manager at Alliance Insurance Brokers in India?
The salary growth for a Manager at Alliance Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Manager can expect the following growth trajectory at Alliance Insurance Brokers:

Experience Average Salary Range
2 years ₹7.0 Lakhs to ₹8.0 Lakhs per year
3 years ₹6.0 Lakhs to ₹8.0 Lakhs per year
4 years ₹7.0 Lakhs to ₹13.4 Lakhs per year
5 years ₹6.0 Lakhs to ₹8.2 Lakhs per year
and so on.

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Alliance Insurance Brokers Manager salary in India ranges between ₹6 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 26 Alliance Insurance Brokers latest salaries received from various employees of Alliance Insurance Brokers.