Ideal Insurance Brokers Mumbai Assistant Manager Salaries by 6 Employees

0 - 5 years exp.

₹3.5 Lakhs - ₹5.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Assistant Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.3 L/yr
Customer Success, Service & Operations Assistant Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.3 L/yr
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Finance & Accounting Assistant Manager Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.7 L/yr

Last Updated: 13 Oct 2023

Companies similar to Ideal Insurance Brokers for Assistant Manager in Mumbai

Ideal Insurance Brokers Assistant Manager Salary

0 - 5 years exp. (6 salaries)

₹3.5 L/yr - ₹5.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Alliance Insurance Brokers Assistant Manager Salary 0 - 9 years exp. (36 salaries)	₹3.2 L/yr - ₹9 L/yr 40% more
Health India Tpa Services Assistant Manager Salary 2 - 10 years exp. (29 salaries)	₹3.1 L/yr - ₹6.6 L/yr 1% less
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Prudent Insurance Brokers Assistant Manager Salary 4 - 12 years exp. (22 salaries)	₹3.7 L/yr - ₹11 L/yr 40% more
Tata Motors Insurance Broking And Advisory Services Assistant Manager Salary 3 - 12 years exp. (15 salaries)	₹5 L/yr - ₹10 L/yr 51% more
Futurisk Insurance Broking Assistant Manager Salary 3 - 9 years exp. (10 salaries)	₹3.1 L/yr - ₹6 L/yr 3% more
Unison Insurance Broking Services Assistant Manager Salary 3 - 10 years exp. (10 salaries)	₹4 L/yr - ₹8.5 L/yr 40% more
Robinhood Insurance Broker Assistant Manager Salary 2 - 14 years exp. (10 salaries)	₹4.8 L/yr - ₹6.5 L/yr 20% more
Coverfox Assistant Manager Salary 2 - 12 years exp. (8 salaries)	₹5 L/yr - ₹8.5 L/yr 44% more
Europ Assistance India Assistant Manager Salary 7 - 13 years exp. (6 salaries)	₹5.7 L/yr - ₹8.5 L/yr 54% more
Raksha TPA Assistant Manager Salary 8 - 15 years exp. (6 salaries)	₹4.8 L/yr - ₹5.1 L/yr 4% more
Health Insurance TPA of India Assistant Manager Salary 4 - 11 years exp. (5 salaries)	₹5.2 L/yr - ₹6.1 L/yr 30% more
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Salasar Services Insurance Brokers Assistant Manager Salary 3 - 8 years exp. (3 salaries)	₹4.5 L/yr - ₹6 L/yr 16% more

Assistant Manager salary at Ideal Insurance Brokers ranges between ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Ideal Insurance Brokers.

Experience wise Ideal Insurance Brokers Assistant Manager salaries in Mumbai

Last Updated: 13 Oct 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
1 year (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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2 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
3 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr

View all

Similar Designation salaries in Ideal Insurance Brokers

CEO Salary

(3 salaries)

₹31.5 L/yr - ₹40.2 L/yr

Salary related reviews for Ideal Insurance Brokers

1.0

Rated by 2 employees for salary & benefits

Assistant Manager IT Operations in Kolkata

Full Time

IT Department

5.0

• posted on 15 Aug 2019

5.0

for Salary and Benefits

Likes

Higher position people also in good condition but middel range people so so..but most good part is company never hold anyone salary. And very smooth leaving policy.

Salary - Excellent

+5 more

Dislikes

Missing middle leval management and senior HR.

Manager in Pune

business Development Department

1.0

• posted on 23 Mar 2018

1.0

for Salary and Benefits

Likes

...ot at all good to join as its waste of time & you will get only dissatisfaction. With any reason company always hold the salary. Director don't have any long-term vision. Unprofessional culture & HR processes.

Dislikes

No ethics of work & Very unprofessional in HR Processes. Not a good company to work. Everyday targets will get change. Hire & fire method of recruitment.

Salary - Bad

+6 more

Assistant Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 11 Dec 2023

3.0

for Salary and Benefits

Likes

Colleagues are helpful

Dislikes

Biased Management in Kolkata with horrible HR,based at Delhi; Buttering the seniors has become the factor for employees to get promotion & increment; Thus favouritism is prevailing at the moment (both for getting promotion & for acquiring the facility for working from home)

Job security - Bad

+3 more

Assistant Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 04 Sep 2023

2.0

for Salary and Benefits

Likes

You will get the opportunity to learn and develop your skills colleague and seniors are supportive in terms of learning. And everything else you got to handle on your own.

Skill development - Good

Dislikes

Management is very disturbed, politics involved, HR are worthless. Company policies are biased. Even the sales team doesn't get priority or respect over here.

Salary - Poor

+3 more

Deputy General Manager in Multiple Location

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 27 Apr 2023

5.0

for Salary and Benefits

Likes

I have recieved warmest welcome from the Leaders of the Company. I would like to Mention Mr Rahul Agarwal is one of the most humble, passionate & a go ahead on new ideas person. We work as a family and grow together. Its a privileged to be associated to the Top 50 Brands of India, not to forget a Family who works together & parties harder.

Salary - Excellent

+6 more

Dislikes

There are no dislikes when you want to work long term in any Organisation. My rather suggestion is to improve and upgrade my skills with them and work together & closely as a Family

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Ideal Insurance Brokers Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Ideal Insurance Brokers in Mumbai?

The average salary of a Assistant Manager at Ideal Insurance Brokers in Mumbai typically ranges from ₹3.5 Lakhs to ₹5.7 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Assistant Manager in Mumbai at Ideal Insurance Brokers earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. Assistant Manager Salaries at Ideal 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 6 Ideal Insurance Brokers employees in India.

What is the estimated take home salary of a Assistant Manager at Ideal Insurance Brokers in Mumbai?

The estimated take-home salary of a Assistant Manager at Ideal Insurance Brokers in Mumbai typically ranges from ₹34,725 to ₹35,968 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from Fresher to 5 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 6 salaries received from various employees of Ideal Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ideal Insurance Brokers for Assistant Manager in India?

Europ Assistance India	₹5.7 Lakhs to ₹8.5 Lakhs per year
Tata Motors Insurance Broking And Advisory Services	₹5.0 Lakhs to ₹10.0 Lakhs per year
Coverfox	₹5.0 Lakhs to ₹8.5 Lakhs per year
Prudent Insurance Brokers	₹3.7 Lakhs to ₹11.0 Lakhs per year
Unison Insurance Broking Services	₹4.0 Lakhs to ₹8.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Ideal Insurance Brokers, depending on the role and experience level.

What is the salary of a Assistant Manager in companies similar to Ideal Insurance Brokers in Mumbai?

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

Alliance Insurance Brokers	₹3.2 Lakhs to ₹9.0 Lakhs per year
Health Insurance TPA of India	₹5.2 Lakhs to ₹6.1 Lakhs per year
Robinhood Insurance Broker	₹4.8 Lakhs to ₹6.5 Lakhs per year
Salasar Services Insurance Brokers	₹4.5 Lakhs to ₹6.0 Lakhs per year
Raksha TPA	₹4.8 Lakhs to ₹5.1 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 Assistant Manager at Ideal Insurance Brokers in Mumbai?

The salary growth for a Assistant Manager at Ideal Insurance Brokers in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at Ideal Insurance Brokers:

Experience	Average Salary Range
Fresher	₹4.2 Lakhs to ₹5.4 Lakhs per year
1 year	₹4.2 Lakhs to ₹5.4 Lakhs per year
2 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
3 years	₹4.2 Lakhs to ₹5.4 Lakhs per year

and so on.

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Ideal Insurance Brokers Assistant Manager Salaries in Mumbai

Ideal Insurance Brokers Assistant Manager salary in Mumbai ranges between ₹3.5 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Ideal Insurance Brokers latest salaries received from various employees of Ideal Insurance Brokers.