Tata AIA Life Insurance Mumbai Associate Business Manager Salaries by 6 Employees

5 - 20 years exp.

₹5 Lakhs - ₹8.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

Associate Business Manager Salary at Tata AIA Life Insurance ranges between ₹5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 5 years to 20 years. Salary estimates are based on 6 latest... Read more

50% less than the average Associate Business Manager Salary in Insurance Companies for 5 - 20 years of experience

Interested in this particular role? 7 job openings

Last Updated: 13 Aug 2024

Companies similar to Tata AIA Life Insurance for Associate Business Manager in Mumbai

Tata AIA Life Insurance Associate Business Manager Salary

5 - 20 years exp. (6 salaries)

₹5 L/yr - ₹8.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Puretech Digital Associate Business Manager Salary 1 - 5 years exp. (14 salaries)	₹4.4 L/yr - ₹9.8 L/yr 6% more
Savex Technologies Associate Business Manager Salary 1 - 5 years exp. (11 salaries)	₹5.4 L/yr - ₹8.6 L/yr 5% more
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Edelweiss Life Insurance Associate Business Manager Salary 5 - 8 years exp. (7 salaries)	₹4.4 L/yr - ₹7.9 L/yr 20% less

Turtlemint Associate Business Manager Salary 0 - 3 years exp. (4 salaries)	₹2.4 L/yr - ₹2.9 L/yr 62% less
Meesho Associate Business Manager Salary 3 - 4 years exp. (4 salaries)	₹19 L/yr - ₹30.5 L/yr 229% more

From

Associate Business Manager

1 - 20 years exp.

Branch Manager

3 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Tata AIA Life Insurance Associate Business Manager salaries by

Years of experience	Avg. annual salary
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
13 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.9 L/yr
14 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
15+ years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr

View all salaries by experience

Similar Designation Salaries at Tata AIA Life Insurance

Similar Designation	Avg. annual salary
Assistant Vice President Salary (60 salaries)	₹17 L/yr - ₹58 L/yr
Product Manager Salary (12 salaries)	₹11 L/yr - ₹32.1 L/yr
Login to view exact salary
Project Manager Salary (10 salaries)	₹15.2 L/yr - ₹32.5 L/yr
Data Scientist Salary (9 salaries)	₹9 L/yr - ₹16.3 L/yr
Deputy Manager Salary (6 salaries)	₹3.2 L/yr - ₹10.5 L/yr
Business Analyst Salary (4 salaries)	₹9.4 L/yr - ₹13.3 L/yr

View more similar designations

Top trending discussions

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Career Growth

1w (edited)

pleasantfox

works at

Insurance Sector

Stability vs Growth

I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else

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Salary related reviews for Tata AIA Life Insurance

5.0

Rated by 1 employees for salary & benefits

Associate Business Manager in Kolkata

insurance Department

1.0

• updated on 20 Apr 2019

1.0

for Salary and Benefits

Likes

...nagers give zero opportunity to the new joinees to excel and grow up the ladder.They lie about the pay structure giving false commitment and we a bunch of new comers could have sued the company.I left due to all unethical practices going on. All they do is lie to families of employees to get business from the same and then treat employees with disrespect. They didn't even let us create a healthy work culture amongst colleagues and spied on our activities.I want to mention the name of Purnima Roy ,SBA,FOUR MANGOE LANE BRANCH KOLKATA who is the main person behind all kind of self induced unethical culture in the office.I have so many evidence to support the same.

Skill development - Excellent

+2 more

Dislikes

EVERYTHING

Salary - Bad

+3 more

Product Manager in Thanjavur

Full Time

Marketing & Communication Department

3.0

• updated on 19 Dec 2022

2.0

for Salary and Benefits

Likes

Pay is ok

Skill development - Excellent

+1 more

Dislikes

Bad people mgmt rude managers Existing employees are not valued Not market standard CTC to existing employees nor they do revision To say it's 5 days a week and flexi hours but here it's 7 days a week still abuse to employees strict 9 am login delay then ready for abuses not fixed log out time

Salary - Poor

+3 more

Manager in Mumbai

Full Time

Risk Management & Compliance Department

2.0

• updated on 14 Jun 2025

3.0

for Salary and Benefits

Likes

Brand name, but after demise of MR. Ratan TATA company is behind profit making and cost cutting. Few departments are doing good.

Dislikes

No Empathy, managers will not think twice before kicking you out without even informing you. Worst department - Compliance Reviews

Skill development - Poor

+5 more

Key Account Manager in New Delhi (working remotely)

Full Time

Sales & Business Development Department

1.0

• updated on 04 Feb 2025

4.0

for Salary and Benefits

Likes

Only they will give you salary .. package . Rest will be in rest in piece

Salary - Good

Dislikes

No work life balance , no timing of work life culture . You will receive call from your seniors at any time till 10:30 pm Don't join the company

Job security - Bad

+3 more

Bancassurance Manager in Gurgaon / Gurugram

Full Time

Sales & Business Development Department

3.0

• updated on 15 Jan 2025

5.0

for Salary and Benefits

Likes

Salary and incentive

Salary - Excellent

+2 more

Dislikes

My CM Karan Bagga was not good , due to him I'm terminated from the organisation in the case of compliance audit ,,all whole sole is responsible for that. All sign documents was check under the supervision of Senior manager. My 4 year career is zero. I'm in the condition to suicide but thanks to my previous TSM Karan Singh who support me in my tuff situation. I would appreciate if this type of suffocating thing will not happen and make sure like My CM should not be working.

Skill development - Poor

+1 more

see more salary related reviews

Tata AIA Life Insurance Associate Business Manager Salary FAQs

What is the salary of Associate Business Manager at Tata AIA Life Insurance in Mumbai?

The average salary of a Associate Business Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹5.0 Lakhs to ₹8.8 Lakhs per year, depending on experience (from 5 years to 20 years).

The top 10% of Associate Business Manager in Mumbai at Tata AIA Life Insurance earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹8.8 Lakhs per year. Associate Business Manager Salaries at Tata AIA Life Insurance 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 Tata AIA Life Insurance employees in India.

What is the estimated take home salary of a Associate Business Manager at Tata AIA Life Insurance in Mumbai?

The estimated take-home salary of a Associate Business Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹50,566 to ₹51,760 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.8 Lakhs per year for employees with experience ranging from 5 years to 20 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 Tata AIA Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate Business Manager at Tata AIA Life Insurance in Mumbai?

To be a Associate Business Manager at Tata AIA Life Insurance in Mumbai, the key skills required include:

- Agency Sales
- Agency Channel
- Life Insurance
- Sales
- Sales Management

These skills are highly valued at Tata AIA Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Tata AIA Life Insurance for Associate Business Manager in India?

Meesho	₹19.0 Lakhs to ₹30.5 Lakhs per year
Puretech Digital	₹4.4 Lakhs to ₹9.8 Lakhs per year
Savex Technologies	₹5.4 Lakhs to ₹8.6 Lakhs per year

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

What is the salary of a Associate Business Manager in companies similar to Tata AIA Life Insurance in Mumbai?

The salary of a Associate Business Manager at companies similar to Tata AIA Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance	₹4.4 Lakhs to ₹7.9 Lakhs per year
Turtlemint	₹2.4 Lakhs to ₹2.9 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 Associate Business Manager at Tata AIA Life Insurance in Mumbai?

The salary growth for a Associate Business Manager at Tata AIA Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate Business Manager in Mumbai can expect the following growth trajectory at Tata AIA Life Insurance:

Experience	Average Salary Range
5 years	₹5.5 Lakhs to ₹7.1 Lakhs per year
6 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
7 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
8 years	₹5.8 Lakhs to ₹7.4 Lakhs per year

and so on.

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Tata AIA Life Insurance Associate Business Manager Salaries in Mumbai

Tata AIA Life Insurance Associate Business Manager salary in Mumbai ranges between ₹5 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Tata AIA Life Insurance latest salaries received from various employees of Tata AIA Life Insurance.