Tata AIA Life Insurance Senior Business Manager Salaries by 5 Employees

11 - 20 years exp.

₹9.5 Lakhs - ₹11.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% less than the average Senior Business Manager Salary in Insurance Companies for 11 - 20 years of experience

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Salaries in different departments

Sales & Business Development Senior Business Manager Salary 14 - 19 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.7 L/yr
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BFSI, Investments & Trading Senior Business Manager Salary 20 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 18 May 2024

Companies similar to Tata AIA Life Insurance for Senior Business Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Senior Business Manager Salary 4 - 15 years exp. (79 salaries)	₹3.6 L/yr - ₹6.2 L/yr 59% less
Bajaj Allianz Life Insurance Senior Business Manager Salary 3 - 10 years exp. (42 salaries)	₹3.6 L/yr - ₹4.8 L/yr 61% less
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ICICI Prudential Life Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr 57% less
SBI General Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹4.9 L/yr - ₹6 L/yr 51% less
SBI Life Insurance Company Senior Business Manager Salary 5 - 10 years exp. (5 salaries)	₹6.4 L/yr - ₹8.1 L/yr 41% less
Kotak Mahindara Life Insurance Senior Business Manager Salary 4 - 11 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 52% less
Reliance Nippon Life Insurance Senior Business Manager Salary 3 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹3.8 L/yr 67% less
Axis Max Life Insurance Senior Business Manager Salary 8 - 12 years exp. (3 salaries)	₹5.3 L/yr - ₹11.4 L/yr 34% less
ICICI Lombard General Insurance Company Senior Business Manager Salary 1 - 6 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr 60% less
Bajaj Allianz General Insurance Senior Business Manager Salary 9 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr 56% less
HDFC Life Senior Business Manager Salary 6 - 14 years exp. (3 salaries)	₹5.5 L/yr - ₹8.4 L/yr 26% less
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Senior Business Manager salary at Tata AIA Life Insurance ranges between ₹9.5 Lakhs to ₹11.8 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 5 latest salaries received from various employees of Tata AIA Life Insurance.

Experience wise Tata AIA Life Insurance Senior Business Manager salaries

Last Updated: 18 May 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
12 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
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13 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
14 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
15+ years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr

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Salary related reviews for Tata AIA Life Insurance

4.0

Rated by 2 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

Territory Sales Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 Dec 2023

1.0

for Salary and Benefits

Likes

They follow the message received from top end, not even understanding possibility,situation and reality

Dislikes

...ouritism and internal politics, even top performance with 250% achievement also not even get any promotion, increment,bonus from this TATA AIA, this kind of work culture will ruin brand name soon.

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.

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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 Senior Business Manager Salary FAQs

What is the salary of Senior Business Manager at Tata AIA Life Insurance ?

The average salary of a Senior Business Manager at Tata AIA Life Insurance in India typically ranges from ₹9.5 Lakhs to ₹11.8 Lakhs per year, depending on experience (from 11 years to 20 years).

The top 10% of Senior Business Manager at Tata AIA Life Insurance earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹11.8 Lakhs per year. Senior 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 5 Tata AIA Life Insurance employees in India.

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

The estimated take-home salary of a Senior Business Manager at Tata AIA Life Insurance in India typically ranges from ₹79,070 to ₹81,126 per month. This is based on the average salary range of ₹9.5 Lakhs to ₹11.8 Lakhs per year for employees with experience ranging from 11 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 5 salaries received from various employees of Tata AIA Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

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

HDFC Life	₹5.5 Lakhs to ₹8.4 Lakhs per year
Axis Max Life Insurance	₹5.3 Lakhs to ₹11.4 Lakhs per year
SBI Life Insurance Company	₹6.4 Lakhs to ₹8.1 Lakhs per year
SBI General Insurance	₹4.9 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance	₹4.8 Lakhs to ₹6.2 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 Senior Business Manager at Tata AIA Life Insurance in India?

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

Experience	Average Salary Range
11 years	₹10.6 Lakhs to ₹13.5 Lakhs per year
12 years	₹10.5 Lakhs to ₹13.4 Lakhs per year
13 years	₹10.3 Lakhs to ₹13.2 Lakhs per year
14 years	₹10.2 Lakhs to ₹13.0 Lakhs per year

and so on.

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Tata AIA Life Insurance Senior Business Manager Salaries

Tata AIA Life Insurance Senior Business Manager salary in India ranges between ₹9.5 Lakhs to ₹11.8 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.