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3.8

based on 55 Reviews

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Alliance Insurance Brokers Senior Manager salaries in Mumbai

Annual salary range
3 - 16 years exp.
₹9 Lakhs - ₹15 Lakhs
Salary of majority employees
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45% less than the average Senior Manager Salary in Insurance Companies for 3 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
4 - 14 years exp. (12 salaries)
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₹9.9 L/yr - ₹14 L/yr

Customer Success, Service & Operations
Senior Manager Salary
7 - 14 years exp. (5 salaries)
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₹11 L/yr - ₹15 L/yr

Sales & Business Development
Senior Manager Salary
6 - 16 years exp. (AmbitionBox Estimate)
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₹11 L/yr - ₹11.8 L/yr

Research & Development
Senior Manager Salary
6 - 9 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Last Updated: 8 Sep 2024

Companies similar to Alliance Insurance Brokers for Senior Manager in Mumbai

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Alliance Insurance Brokers Senior Manager Salary

3 - 16 years exp. (27 salaries)

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₹9 L/yr - ₹15 L/yr

vs
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Willis Towers Watson Senior Manager Salary

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₹6.5 L/yr - ₹15 L/yr

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Tata AIG Senior Manager Salary

1 - 11 years exp. (194 salaries)

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₹4.8 L/yr - ₹20 L/yr

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Tata AIA Life Insurance Senior Manager Salary

8 - 20 years exp. (158 salaries)

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₹12 L/yr - ₹38 L/yr

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₹6.7 L/yr - ₹13 L/yr

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₹8.7 L/yr - ₹23.7 L/yr

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Prudent Insurance Brokers Senior Manager Salary

5 - 13 years exp. (10 salaries)

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₹8 L/yr - ₹16 L/yr

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Health India Tpa Services Senior Manager Salary

16 - 22 years exp. (7 salaries)

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₹9.5 L/yr - ₹12 L/yr

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Coverfox Senior Manager Salary

4 - 7 years exp. (5 salaries)

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₹12 L/yr - ₹22.7 L/yr

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₹7.6 L/yr - ₹25.2 L/yr

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Senior Manager salary at Alliance Insurance Brokers ranges between ₹9 Lakhs to ₹15 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 27 latest salaries received from various employees of Alliance Insurance Brokers.

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

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16 years exp.
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9 years exp.
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11 years exp.
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14 years exp.
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Experience wise Alliance Insurance Brokers Senior Manager salaries in Mumbai

Last Updated: 8 Sep 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹10 L/yr - ₹19.7 L/yr
4 years (AmbitionBox Estimate)

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₹10.8 L/yr - ₹19.9 L/yr
5 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹12.7 L/yr
6 years  (4 salaries)

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₹9 L/yr - ₹20.3 L/yr
7 years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹14 L/yr
View all

Similar Designation salaries in Alliance Insurance Brokers

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₹20 L/yr - ₹25.64 L/yr
Chief Manager Salary
(5 salaries)
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₹12 L/yr - ₹20 L/yr
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₹32 L/yr - ₹37 L/yr
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₹2.1 L/yr - ₹3 L/yr
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₹3.3 L/yr - ₹3.7 L/yr
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₹9.7 L/yr - ₹12.4 L/yr

Top skills at Alliance Insurance Brokers for Senior Manager

Risk Analysis Relationship Management Database Corporate Relations Corporate Sales

Salary related reviews for Alliance Insurance Brokers

1.0

Rated by 2 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 Senior Manager Salary FAQs

What is the salary of Senior Manager at Alliance Insurance Brokers Mumbai?
Senior Manager salary at Alliance Insurance Brokers in Mumbai ranges between ₹9.0 Lakhs to ₹15.0 Lakhs for experience between 3 years to 16 years. According to our estimates it is 45% less than the average Senior Manager Salary in India. Salary estimates are based on 27 latest salaries received from various employees of Alliance Insurance Brokers Mumbai.
How does the salary of a Senior Manager at Alliance Insurance Brokers Mumbai compare with the average salary range for this job?
The average salary of a Senior Manager at Alliance Insurance Brokers is 45% less than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Senior Manager at Alliance Insurance Brokers?
Risk Analysis, Relationship Management, Database, Corporate Relations and Corporate Sales are some of the popular skills required to work as a Senior Manager at Alliance Insurance Brokers Mumbai.
Which similar companies are paying more than Alliance Insurance Brokers to a Senior Manager in Mumbai?
  • Tata AIA Life Insurance Senior Manager Salary - ₹12.0 Lakhs to ₹38.0 Lakhs per year
  • Marsh India Insurance Brokers Senior Manager Salary - ₹11.5 Lakhs to ₹24.5 Lakhs per year
  • Willis Towers Watson Senior Manager Salary - ₹7.8 Lakhs to ₹26.9 Lakhs per year
  • Tata Motors Insurance Broking And Advisory Services Senior Manager Salary - ₹7.6 Lakhs to ₹25.2 Lakhs per year
  • Coverfox Senior Manager Salary - ₹12.0 Lakhs to ₹22.7 Lakhs per year
What is the salary of a Senior Manager in companies similar to Alliance Insurance Brokers in Mumbai?
  • HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
  • Prudent Insurance Brokers Senior Manager Salary - ₹8.0 Lakhs to ₹16.0 Lakhs per year
  • Bajaj Allianz Life Insurance Senior Manager Salary - ₹8.7 Lakhs to ₹23.7 Lakhs per year
  • Aditya Birla Insurance Brokers Senior Manager Salary - ₹9.4 Lakhs to ₹16.2 Lakhs per year
  • Tata AIG Senior Manager Salary - ₹4.8 Lakhs to ₹20.0 Lakhs per year
What is the estimated take home salary of a Senior Manager at Alliance Insurance Brokers in Mumbai?
The estimated take-home salary of a Senior Manager at Alliance Insurance Brokers ranges between ₹82,690 per month to ₹84,849 per month in Mumbai. The take-home salary calculation is based on the average Alliance Insurance Brokers Senior Manager salary in India which ranges between ₹9.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Senior Manager at Alliance Insurance Brokers in Mumbai?
According to AmbitionBox, 46% of the Alliance Insurance Brokers Senior Managers in Mumbai reported a notice period of 3 Months, 31% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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Alliance Insurance Brokers Senior Manager salary in Mumbai ranges between ₹9 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 27 Alliance Insurance Brokers latest salaries received from various employees of Alliance Insurance Brokers.