Tata AIA Life Insurance Mumbai Deputy Manager Salaries by 5 Employees

3 - 8 years exp.

₹3.2 Lakhs - ₹8 Lakhs

Avg. annual salary

Monthly In-hand Salary

33% less than the average Deputy Manager Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.4 L/yr
Marketing & Communication Deputy Manager Salary 3 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6 L/yr
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Sales & Business Development Deputy Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.7 L/yr

Last Updated: 19 Oct 2024

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

Tata AIA Life Insurance Deputy Manager Salary

3 - 8 years exp. (5 salaries)

₹3.2 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Salary 2 - 15 years exp. (435 salaries)	₹3.5 L/yr - ₹14.4 L/yr 42% more
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (434 salaries)	₹2.3 L/yr - ₹5.7 L/yr 28% less
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (260 salaries)	₹3 L/yr - ₹10.3 L/yr 5% more
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (146 salaries)	₹4.2 L/yr - ₹12.6 L/yr 37% more
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 15 years exp. (74 salaries)	₹5 L/yr - ₹16.5 L/yr 84% more
Axis Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (68 salaries)	₹3.2 L/yr - ₹7.7 L/yr 6% less	19 job openings
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (68 salaries)	₹3.2 L/yr - ₹10 L/yr 19% more
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (53 salaries)	₹3.7 L/yr - ₹14.4 L/yr 49% more
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (52 salaries)	₹4 L/yr - ₹12.6 L/yr 50% more
SBI General Insurance Deputy Manager Salary 4 - 11 years exp. (28 salaries)	₹4.3 L/yr - ₹10.6 L/yr 1% less
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 12% more
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ICICI Prudential Life Insurance Deputy Manager Salary 1 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 5% less
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹11 L/yr 27% more
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 14 years exp. (9 salaries)	₹9.5 L/yr - ₹15 L/yr 121% more	3 job openings
SBI Life Insurance Company Deputy Manager Salary 2 - 15 years exp. (7 salaries)	₹4.5 L/yr - ₹10 L/yr 20% more
Marsh Deputy Manager Salary 10 - 13 years exp. (3 salaries)	₹10 L/yr - ₹12 L/yr 87% more

Deputy Manager salary at Tata AIA Life Insurance ranges between ₹3.2 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Tata AIA Life Insurance.

Experience wise Tata AIA Life Insurance Deputy Manager salaries in Mumbai

Last Updated: 19 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
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5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
7 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

View all

Similar Designation salaries in Tata AIA Life Insurance

Area Manager Salary

(20 salaries)

₹6 L/yr - ₹17.65 L/yr

Branch Manager Salary

(16 salaries)

₹8 L/yr - ₹15.5 L/yr

Project Manager Salary

(13 salaries)

₹14.2 L/yr - ₹25.02 L/yr

Program Manager Salary

(8 salaries)

₹15.89 L/yr - ₹24.6 L/yr

Salary related reviews for Tata AIA Life Insurance

Rated by 1 employees for salary & benefits

Relationship Manager in Hyderabad / Secunderabad

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..

Salary - Bad

+1 more

Relationship Manager in Bangalore / Bengaluru

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

Salary - Bad

+3 more

Relationship Manager in Gurgaon Sector 14

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.

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.

Relationship Manager in Mumbai

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.

Salary - Excellent

+6 more

Dislikes

There is 2 months notice period criteria for confirmed employees.

Relationship Manager in Kolkata

Sales & Business Development Department

5.0

• posted on 22 Apr 2018

5.0

for Salary and Benefits

Likes

...raphy is there in every week for the Employee. Opportunities for career growth. Salary credited in second last day of the month, appraisal is there. TA is there. Incentive is more than their annual package. Team mates are very helpful. There is no space for politics. Tata Aia gives so much space, so much time to learn and grow with this company. Work-life equally balanced. Huge reward recognition, and benefits are there. If I talk about job security, the feeling is like working in a Central Govt. Company. They think about 'Security first' for their women employee and different type of activities are their for women employee. And last but not the least The Brand TATA, Tata Group Of Company, it is in our blood ( Tata salt ). It is truely our second home.

Salary - Excellent

+6 more

Dislikes

Not a single reason to dislike.

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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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Tata AIA Life Insurance Deputy Manager Salary FAQs

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

The average salary of a Deputy Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹3.2 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Deputy Manager in Mumbai at Tata AIA Life Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Deputy 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 5 Tata AIA Life Insurance employees in India.

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

The estimated take-home salary of a Deputy Manager at Tata AIA Life Insurance in Mumbai typically ranges from ₹43,330 to ₹44,445 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 3 years to 8 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 5 salaries received from various employees of Tata AIA Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Bajaj Allianz General Insurance	₹9.5 Lakhs to ₹15.0 Lakhs per year
Marsh	₹10.0 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹16.5 Lakhs per year
PNB MetLife	₹4.0 Lakhs to ₹12.6 Lakhs per year
Reliance Nippon Life Insurance	₹3.7 Lakhs to ₹14.4 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 Deputy Manager in companies similar to Tata AIA Life Insurance in Mumbai?

The salary of a Deputy 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:

HDFC Life	₹3.5 Lakhs to ₹14.4 Lakhs per year
Aditya Birla Health Insurance Co	₹4.2 Lakhs to ₹12.6 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹11.0 Lakhs per year
SBI Life Insurance Company	₹4.5 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.2 Lakhs to ₹10.0 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 Deputy Manager at Tata AIA Life Insurance in Mumbai?

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

Experience	Average Salary Range
3 years	₹4.9 Lakhs to ₹6.2 Lakhs per year
4 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
5 years	₹5.1 Lakhs to ₹6.5 Lakhs per year
6 years	₹5.2 Lakhs to ₹6.7 Lakhs per year

and so on.

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Tata AIA Life Insurance Deputy Manager Salaries in Mumbai

Tata AIA Life Insurance Deputy Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Tata AIA Life Insurance latest salaries received from various employees of Tata AIA Life Insurance.