Raksha TPA Mumbai Assistant Manager Salaries by 6 Employees (Updated 2025)

8 - 15 years exp.

₹4.8 Lakhs - ₹5.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

42% less than the average Assistant Manager Salary in Insurance Companies for 8 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Assistant Manager Salary 8 - 15 years exp. (4 salaries)	₹4.8 L/yr - ₹5 L/yr
BFSI, Investments & Trading Assistant Manager Salary 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.5 L/yr
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Healthcare & Life Sciences Assistant Manager Salary 13 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.1 L/yr

Last Updated: 24 Mar 2025

Companies similar to Raksha TPA for Assistant Manager in Mumbai

Raksha TPA Assistant Manager Salary

8 - 15 years exp. (6 salaries)

₹4.8 L/yr - ₹5.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Assistant Manager Salary 2 - 17 years exp. (315 salaries)	₹4.2 L/yr - ₹18 L/yr 110% more	29 job openings
SBI Life Insurance Company Assistant Manager Salary 0 - 15 years exp. (195 salaries)	₹4 L/yr - ₹11 L/yr 53% more
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Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 8 years exp. (149 salaries)	₹1.9 L/yr - ₹6.2 L/yr 5% less
Kotak Mahindra General Insurance Assistant Manager Salary 0 - 8 years exp. (134 salaries)	₹1.3 L/yr - ₹4.8 L/yr 27% less
Medi Assist India Assistant Manager Salary 5 - 14 years exp. (88 salaries)	₹3.5 L/yr - ₹8 L/yr 31% more	2 job openings
Future Generali India Life Insurance Assistant Manager Salary 1 - 16 years exp. (83 salaries)	₹4.1 L/yr - ₹12.5 L/yr 74% more
Reliance Nippon Life Insurance Assistant Manager Salary 1 - 15 years exp. (73 salaries)	₹2.5 L/yr - ₹8 L/yr 6% less
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (63 salaries)	₹3 L/yr - ₹12 L/yr 58% more	1 job opening
Marsh India Insurance Brokers Assistant Manager Salary 1 - 10 years exp. (44 salaries)	₹5.4 L/yr - ₹15.6 L/yr 125% more
Aditya Birla Insurance Brokers Assistant Manager Salary 2 - 9 years exp. (28 salaries)	₹2.9 L/yr - ₹8.9 L/yr 22% more
Star Health & Allied Insurance Assistant Manager Salary 4 - 12 years exp. (24 salaries)	₹3 L/yr - ₹8 L/yr 7% more
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Prudent Insurance Brokers Assistant Manager Salary 4 - 12 years exp. (22 salaries)	₹3.7 L/yr - ₹11 L/yr 35% more
Niva Bupa Health Insurance Company Assistant Manager Salary 1 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹8.8 L/yr 15% more	1 job opening
Reliance General Insurance Assistant Manager Salary 1 - 11 years exp. (12 salaries)	₹3 L/yr - ₹6 L/yr 2% more
Robinhood Insurance Broker Assistant Manager Salary 2 - 14 years exp. (10 salaries)	₹4.8 L/yr - ₹6.5 L/yr 15% more
Europ Assistance India Assistant Manager Salary 7 - 13 years exp. (6 salaries)	₹5.7 L/yr - ₹8.5 L/yr 48% more
Tata AIG Assistant Manager Salary 7 - 15 years exp. (6 salaries)	₹4.9 L/yr - ₹7.3 L/yr 21% more
AXA Business Services Assistant Manager Salary 9 - 15 years exp. (6 salaries)	₹7.5 L/yr - ₹16.5 L/yr 234% more
Health Insurance TPA of India Assistant Manager Salary 4 - 11 years exp. (5 salaries)	₹5.2 L/yr - ₹6.1 L/yr 25% more
Gallagher Assistant Manager Salary 8 - 14 years exp. (3 salaries)	₹10 L/yr - ₹20 L/yr 230% more

Assistant Manager salary at Raksha TPA ranges between ₹4.8 Lakhs to ₹5.1 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 6 latest salaries received from various employees of Raksha TPA.

Experience wise Raksha TPA Assistant Manager salaries in Mumbai

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
12 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
13 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
14 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
15+ years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr

View all

Similar Designation salaries in Raksha TPA

Claims Executive Salary

(11 salaries)

₹1.65 L/yr - ₹2.5 L/yr

Corporate Relationship Executive Salary

(8 salaries)

₹1.6 L/yr - ₹3 L/yr

CRM Executive Salary

(7 salaries)

₹1.56 L/yr - ₹3 L/yr

Assistant Manager Operations Salary

(4 salaries)

₹5.3 L/yr - ₹5.86 L/yr

Corporate Relationship Manager Salary

(4 salaries)

₹2.76 L/yr - ₹4.1 L/yr

Top skills at Raksha TPA for Assistant Manager

Communication Skills Communication Skills Customer Complaints Business Development Management Insurance

Salary related reviews for Raksha TPA

3.9

Rated by 2 employees for salary & benefits

Java Developer in Faridabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 10 Feb 2024

1.0

for Salary and Benefits

Likes

Only job security. If someone looking for a stable and secure job in private sector and he/she is ready to face the exploitation in terms of work and salary, then he/she can go with this company.

Job security - Good

Dislikes

...n the company they do not encourage use of modern technologies and practices. 2. Senior employees also exploited new joinees in their salary growth and increments. 3. No appraisal based on performance. Performance doesn't matter to any one. 4. Strict timings. If you miss even 1 min or second, this directly effected your leaves count. 5. Lalita Sidhwani (secretary to Pawal Bhalla, the CEO), is the worst employee in the whole organization. She discrimates the employees on the lower positions. Always look them with discriminating sights and make fun of them in front of everyone. THE MAIN POLICY IS TO HIRE NEW EMPLOYEES ON LOWER WAGE, AND EXPLOIT THEM SO AFTER AN YEAR OR SO THEY WILL LEAVE AND AGAIN A NEW EMPLOYEE ON THE SAME LOWER WAGE.

Salary - Bad

+4 more

Claims Executive in Jaipur

Front desk/claim excutative Department

4.0

• posted on 22 May 2022

1.0

for Salary and Benefits

Likes

This organisation working is good but carrier growth and salary expectations is very poor,upper department is take opportunity first then remain to other so this organisation management is very bad.

Dislikes

There is a lot of politics and the management doesn't address our issue.salary is low and career growth is very slow. On the job training is not given to new joiners.

Salary - Bad

+5 more

Investigator in Vadodara

Other Department

5.0

• posted on 14 May 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria, Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues.

Claims Executive in Indore

Healthcare Department

5.0

• posted on 06 May 2021

3.0

for Salary and Benefits

Likes

This organisation working is good but carrier growth and salary expectations is very poor,upper department is take opportunity first then remain to other so this organisation management is very bad

Company culture - Good

+1 more

Dislikes

Very bad situation for that time

Promotions - Poor

COO in Faridabad

Operations Department

5.0

• posted on 30 Mar 2021

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

Ownership is missing,needs to be inculcated in the employees

see more salary related reviews

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Top trending discussions

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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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Raksha TPA Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Raksha TPA in Mumbai?

The average salary of a Assistant Manager at Raksha TPA in Mumbai typically ranges from ₹4.8 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 8 years to 15 years).

The top 10% of Assistant Manager in Mumbai at Raksha TPA earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Assistant Manager Salaries at Raksha TPA 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 Raksha TPA employees in India.

What is the estimated take home salary of a Assistant Manager at Raksha TPA in Mumbai?

The estimated take-home salary of a Assistant Manager at Raksha TPA in Mumbai typically ranges from ₹36,217 to ₹37,438 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 8 years to 15 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 Raksha TPA. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager at Raksha TPA in Mumbai?

To be a Assistant Manager at Raksha TPA in Mumbai, the key skills required include:

- Communication Skills
- Communication Skills
- Customer Complaints
- Business Development Management
- Insurance

These skills are highly valued at Raksha TPA and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Raksha TPA for Assistant Manager in India?

AXA Business Services	₹7.5 Lakhs to ₹16.5 Lakhs per year
Gallagher	₹10.0 Lakhs to ₹20.0 Lakhs per year
Marsh India Insurance Brokers	₹5.4 Lakhs to ₹15.6 Lakhs per year
Tata AIA Life Insurance	₹4.2 Lakhs to ₹18.0 Lakhs per year
Future Generali India Life Insurance	₹4.1 Lakhs to ₹12.5 Lakhs per year

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

What is the salary of a Assistant Manager in companies similar to Raksha TPA in Mumbai?

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

Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹12.0 Lakhs per year
SBI Life Insurance Company	₹4.0 Lakhs to ₹11.0 Lakhs per year
Europ Assistance India	₹5.7 Lakhs to ₹8.5 Lakhs per year
Prudent Insurance Brokers	₹3.7 Lakhs to ₹11.0 Lakhs per year
Medi Assist India	₹3.5 Lakhs to ₹8.0 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 Assistant Manager at Raksha TPA in Mumbai?

The salary growth for a Assistant Manager at Raksha TPA 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 Raksha TPA:

Experience	Average Salary Range
8 years	₹4.2 Lakhs to ₹5.3 Lakhs per year
9 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
10 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
11 years	₹4.3 Lakhs to ₹5.5 Lakhs per year

and so on.

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Raksha TPA Assistant Manager Salaries in Mumbai

Raksha TPA Assistant Manager salary in Mumbai ranges between ₹4.8 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Raksha TPA latest salaries received from various employees of Raksha TPA.