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3.8

based on 55 Reviews

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Alliance Insurance Brokers Senior Manager Product Development salaries in Mumbai

Annual salary range
7 - 11 years exp.
₹11 Lakhs - ₹19.4 Lakhs
Salary of majority employees
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At par with the average Senior Manager Product Development Salary in Insurance Companies for 7 - 11 years of experience

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Salaries in different departments

Product Management
Senior Manager Product Development Salary
9 - 11 years exp. (3 salaries)
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₹17.4 L/yr - ₹19.4 L/yr

Strategic & Top Management
Senior Manager Product Development Salary
7 years exp. (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 11 Nov 2024

Companies similar to Alliance Insurance Brokers for Senior Manager Product Development in Mumbai

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Alliance Insurance Brokers Senior Manager Product Development Salary

7 - 11 years exp. (4 salaries)

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₹11 L/yr - ₹19.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹16.2 L/yr - ₹21.2 L/yr

arrow icon 11% more
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₹10 L/yr - ₹14.5 L/yr

arrow icon 30% less
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₹17 L/yr - ₹24.7 L/yr

arrow icon 29% more
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₹70 L/yr - ₹96 L/yr

arrow icon 376% more
Senior Manager Product Development salary at Alliance Insurance Brokers ranges between ₹11 Lakhs to ₹19.4 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Alliance Insurance Brokers.

Latest annual salaries shared by Alliance Insurance Brokers Senior Manager Product Development in Mumbai

1mo ago
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11 years exp.
8mo ago
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10 years exp.
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9 years exp.
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7 years exp.

Experience wise Alliance Insurance Brokers Senior Manager Product Development salaries in Mumbai

Last Updated: 11 Nov 2024

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹12.7 L/yr
9 years (AmbitionBox Estimate)

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₹15.6 L/yr - ₹20 L/yr
10 years (AmbitionBox Estimate)

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₹16.5 L/yr - ₹21.1 L/yr
11 years (AmbitionBox Estimate)

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₹17.4 L/yr - ₹22.3 L/yr

Salary related reviews for Alliance Insurance Brokers

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

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

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

read more
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Alliance Insurance Brokers Senior Manager Product Development Salary FAQs

What is the salary of Senior Manager Product Development at Alliance Insurance Brokers Mumbai?
Senior Manager Product Development salary at Alliance Insurance Brokers in Mumbai ranges between ₹11.0 Lakhs to ₹19.4 Lakhs for experience between 7 years to 11 years. According to our estimates it is 4% less than the average Senior Manager Product Development Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Alliance Insurance Brokers Mumbai.
How does the salary of a Senior Manager Product Development at Alliance Insurance Brokers Mumbai compare with the average salary range for this job?
The average salary of a Senior Manager Product Development at Alliance Insurance Brokers is 4% less than the average salary of a Senior Manager Product Development in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Alliance Insurance Brokers to a Senior Manager Product Development in Mumbai?
  • Tupperware Senior Manager Product Development Salary - ₹70.0 Lakhs to ₹96.0 Lakhs per year
  • Future Generali India Life Insurance Senior Manager Product Development Salary - ₹17.0 Lakhs to ₹24.7 Lakhs per year
  • Creative Garments Senior Manager Product Development Salary - ₹16.2 Lakhs to ₹21.2 Lakhs per year
What is the salary of a Senior Manager Product Development in companies similar to Alliance Insurance Brokers in Mumbai?
  • Eduonix Learning Solutions Senior Manager Product Development Salary - ₹10.0 Lakhs to ₹14.5 Lakhs per year
What is the estimated take home salary of a Senior Manager Product Development at Alliance Insurance Brokers in Mumbai?
The estimated take-home salary of a Senior Manager Product Development at Alliance Insurance Brokers ranges between ₹1,12,385 per month to ₹1,15,507 per month in Mumbai. The take-home salary calculation is based on the average Alliance Insurance Brokers Senior Manager Product Development salary in India which ranges between ₹11.0 Lakhs to ₹19.4 Lakhs per year for employees with experience between 7 years to 11 years. Check how did we calculate take home salary?
What is the notice period for Senior Manager Product Development at Alliance Insurance Brokers in Mumbai?
According to AmbitionBox, 100% of the Alliance Insurance Brokers Senior Manager Product Developments in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Alliance Insurance Brokers Senior Manager Product Development salary in Mumbai ranges between ₹11 Lakhs to ₹19.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Alliance Insurance Brokers latest salaries received from various employees of Alliance Insurance Brokers.