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Tata AIA Life Insurance Branch Manager salaries in Mumbai (Updated 2025)

Annual salary range
9 - 19 years exp.
₹8.2 Lakhs - ₹17.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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16% more than the average Branch Manager Salary in Insurance Companies for 9 - 19 years of experience

Interested in this particular role? 13 job openings

Salaries in different departments

Sales & Business Development
Branch Manager Salary
9 - 19 years exp. (10 salaries)
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₹8.2 L/yr - ₹17.3 L/yr

BFSI, Investments & Trading
Branch Manager Salary
11 - 12 years exp. (3 salaries)
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₹8.3 L/yr - ₹13.6 L/yr

Last Updated: 21 Feb 2025

Companies similar to Tata AIA Life Insurance for Branch Manager in Mumbai

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Tata AIA Life Insurance Branch Manager Salary

9 - 19 years exp. (16 salaries)

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₹8.2 L/yr - ₹17.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹7.2 L/yr - ₹18 L/yr

arrow icon 3% more
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HDFC Life Branch Manager Salary

6 - 16 years exp. (31 salaries)

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₹5.5 L/yr - ₹12.5 L/yr

arrow icon 26% less
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₹6 L/yr - ₹11 L/yr

arrow icon 27% less
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Axis Max Life Insurance Branch Manager Salary

9 - 18 years exp. (12 salaries)

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₹7.3 L/yr - ₹12.5 L/yr

arrow icon 17% less
3 job openings
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₹6.5 L/yr - ₹10.2 L/yr

arrow icon 40% less
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₹5.1 L/yr - ₹11 L/yr

arrow icon 34% less
6 job openings
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₹6 L/yr - ₹10.5 L/yr

arrow icon 26% less
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₹6 L/yr - ₹12 L/yr

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3 job openings
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₹8 L/yr - ₹11.2 L/yr

arrow icon 14% less
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₹6.5 L/yr - ₹9.7 L/yr

arrow icon 28% less
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₹8.5 L/yr - ₹11 L/yr

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₹5.5 L/yr - ₹7.6 L/yr

arrow icon 39% less
5 job openings
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PNB MetLife Branch Manager Salary

12 - 18 years exp. (3 salaries)

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₹9.5 L/yr - ₹12.5 L/yr

arrow icon 21% less
Branch Manager salary at Tata AIA Life Insurance ranges between ₹8.2 Lakhs to ₹17.3 Lakhs per year for employees with experience between 9 years to 19 years. Salary estimates are based on 16 latest salaries received from various employees of Tata AIA Life Insurance.

Latest annual salaries shared by Tata AIA Life Insurance Branch Manager in Mumbai

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18 years exp.
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Experience wise Tata AIA Life Insurance Branch Manager salaries in Mumbai

Last Updated: 21 Feb 2025

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹9.7 L/yr - ₹12.4 L/yr
10 years (AmbitionBox Estimate)

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

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₹10.2 L/yr - ₹13 L/yr
12 years (AmbitionBox Estimate)

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₹10.5 L/yr - ₹13.4 L/yr
13 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.7 L/yr
View all

Similar Designation salaries in Tata AIA Life Insurance

Sales Manager Salary
(20 salaries)
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₹3.5 L/yr - ₹7.85 L/yr
Area Manager Salary
(20 salaries)
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₹6 L/yr - ₹17.65 L/yr
Deputy Manager Salary
(5 salaries)
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₹3.2 L/yr - ₹8 L/yr
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₹6.55 L/yr - ₹7.2 L/yr

Top skills at Tata AIA Life Insurance for Branch Manager

Agency Sales Agency Sales Life Insurance Branch Management Agency Channel agency development Agency Management Life Insurance Business Development Branch Management Recruitment Performance Management Team Management Sales Process Team Handling

Salary related reviews for Tata AIA Life Insurance

4.1

Rated by 2 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 23 Oct 2024

1.0
 for  Salary and Benefits

Likes

Yes

  • Skill development - Excellent
  • +3 more

Dislikes

...en to parents here the employee need to be paid to cover her parents Employees getting minimum salaries and in that minimum salary there is no benefits..

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 30 Sep 2024

1.0
 for  Salary and Benefits

Likes

Incentive sharing to the channel Partner Manager are never visit and interact with channel Partner

  • Skill development - Good
  • +2 more

Dislikes

Only bucket 🪣 people get promotion and timing change their salary correction. Than can fire 🔥 employee according to their wishes

read more
  • Salary - Bad
  • +3 more

Insurance Department

5.0
  •  posted on 21 Aug 2021

5.0
 for  Salary and Benefits

Likes

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

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.There is a bond of 2 years before which you cannot resign.On the job training is not given to new joinees.

read more

Customer Success, Service & Operations Department

5.0
  •  posted on 29 Jun 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is 2 months notice period criteria for confirmed employees.

BFSI, Investments & Trading Department

3.0
  •  posted on 14 Dec 2018

2.0
 for  Salary and Benefits

Likes

Skill development and challenge handling.

  • Skill development - Good

Dislikes

...and poor compensation structure with respect to responsibilities and challenges.Unable to retain quality manpower due to poor salary structure .

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Tata AIA Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Tata AIA Life Insurance in Mumbai?
The average salary of a Branch Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹8.2 Lakhs to ₹17.3 Lakhs per year, depending on experience (from 9 years to 19 years).

The top 10% of Branch Manager in Mumbai at Tata AIA Life Insurance earn more than ₹15.5 Lakhs per year, and the top 1% earn over ₹17.3 Lakhs per year. Branch 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 10+ Tata AIA Life Insurance employees in India.
What is the estimated take home salary of a Branch Manager at Tata AIA Life Insurance in Mumbai?
The estimated take-home salary of a Branch Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹87,514 to ₹89,810 per month. This is based on the average salary range of ₹8.2 Lakhs to ₹17.3 Lakhs per year for employees with experience ranging from 9 years to 19 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 10+ 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 Branch Manager at Tata AIA Life Insurance in Mumbai?
To be a Branch Manager at Tata AIA Life Insurance in Mumbai, the key skills required include:

  • - Agency Sales
  • - Agency Sales
  • - Life Insurance
  • - Branch Management
  • - Agency Channel

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 Branch Manager in India?
ICICI Prudential Life Insurance ₹7.2 Lakhs to ₹18.0 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 Branch Manager in companies similar to Tata AIA Life Insurance in Mumbai?
The salary of a Branch 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:

SBI Life Insurance Company ₹8.0 Lakhs to ₹11.2 Lakhs per year
Axis Max Life Insurance ₹7.3 Lakhs to ₹12.5 Lakhs per year
PNB MetLife ₹9.5 Lakhs to ₹12.5 Lakhs per year
HDFC Life ₹5.5 Lakhs to ₹12.5 Lakhs per year
HDFC Ergo General Insurance ₹6.0 Lakhs to ₹10.5 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 Branch Manager at Tata AIA Life Insurance in Mumbai?
The salary growth for a Branch Manager at Tata AIA Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Mumbai can expect the following growth trajectory at Tata AIA Life Insurance:

Experience Average Salary Range
9 years ₹9.7 Lakhs to ₹12.4 Lakhs per year
10 years ₹9.9 Lakhs to ₹12.7 Lakhs per year
11 years ₹10.2 Lakhs to ₹13.0 Lakhs per year
12 years ₹10.5 Lakhs to ₹13.4 Lakhs per year
and so on.

Tell us how to improve this page.

Tata AIA Life Insurance Branch Manager salary in Mumbai ranges between ₹8.2 Lakhs to ₹17.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 Tata AIA Life Insurance latest salaries received from various employees of Tata AIA Life Insurance.