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The New India Assurance Co. Branch Manager salaries in India

Annual salary range
5 - 10 years exp.
₹10 Lakhs - ₹18.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (81%)
₹12.8 Lakhs
Variable (19%)
₹3.0 Lakhs
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72% more than the average Branch Manager Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹15 L/yr - ₹18.5 L/yr

Sales & Business Development
Branch Manager Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹15.2 L/yr - ₹16.2 L/yr

Last Updated: 1 Aug 2024

Companies similar to The New India Assurance Co. for Branch Manager

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹18.8 L/yr

arrow icon 23% less
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HDFC Life Branch Manager Salary

6 - 18 years exp. (259 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 41% less
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₹4 L/yr - ₹11.7 L/yr

arrow icon 52% less
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₹5 L/yr - ₹13 L/yr

arrow icon 43% less
3 job openings
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₹2.9 L/yr - ₹8.8 L/yr

arrow icon 66% less
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₹5 L/yr - ₹13.5 L/yr

arrow icon 43% less
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₹4.7 L/yr - ₹14.5 L/yr

arrow icon 42% less
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₹3.8 L/yr - ₹10 L/yr

arrow icon 53% less
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (174 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 34% less
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Tata AIA Life Insurance Branch Manager Salary

9 - 20 years exp. (159 salaries)

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₹5 L/yr - ₹17.7 L/yr

arrow icon 22% less
13 job openings
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Branch Manager salary at The New India Assurance Co. ranges between ₹10 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of The New India Assurance Co..

Latest annual salaries shared by The New India Assurance Co. Branch Manager

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Experience wise The New India Assurance Co. Branch Manager salaries

Last Updated: 1 Aug 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹10 L/yr - ₹27.5 L/yr
6 years (AmbitionBox Estimate)

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₹13.8 L/yr - ₹17.7 L/yr
7 years (AmbitionBox Estimate)

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₹13.9 L/yr - ₹17.8 L/yr
8 years  (3 salaries)

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₹13 L/yr - ₹28 L/yr
9 years  (5 salaries)

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₹14 L/yr - ₹16.2 L/yr
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The New India Assurance Co. Branch Manager Salary and Career Growth

From

To

Branch Manager

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5 - 10 years exp.

Divisional Manager

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12 - 24 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.

Similar Designation salaries in The New India Assurance Co.

Sales Manager Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr
Deputy Manager Salary
(11 salaries)
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₹17 L/yr - ₹26 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹25.1 L/yr - ₹32.1 L/yr
Senior Branch Manager Salary
(AmbitionBox Estimate)
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₹7.9 L/yr - ₹10.1 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹6.7 L/yr - ₹8.5 L/yr
Assistant Branch Manager Salary
(AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.3 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹1.5 L/yr - ₹5 L/yr

Salary related reviews for The New India Assurance Co.

4.0

Rated by 4 employees for salary & benefits

Full Time

 · 

Other Department

4.0
  •  posted on 12 May 2024

4.0
 for  Salary and Benefits

Likes

... claims hub department is very good.Employees help the newly recruited officers.Salary is decent.Various incentives by the company.

read more
  • Salary - Good
  • +6 more

Dislikes

The salary is decent but not that high.wage revision is pending.

Other Department

2.0
  •  posted on 26 Mar 2021

3.0
 for  Salary and Benefits

Likes

it gives you the freedom to learn and experience with topmost company in the industry.Job is secured but rewards do not follow the contributions made.HR policy is very outdated and management is typical PSU,

read more
  • Job security - Excellent
  • +1 more

Dislikes

Career growth is slow ,salary is a constraint for quality and best brains are not available, lack of dynamism but work life balance is not very demanding.Work environment is average if not outstanding.

read more
  • Skill development - Poor
  • +1 more

BFSI, Investments & Trading Department

5.0
  •  posted on 17 Sep 2017

5.0
 for  Salary and Benefits

Likes

...ny.There is ample scope for quick promotions now and one can rise to high cadre. The salary of the New Indian's is very high compared to the salary given by banks to similar cadre.There are also lot of facilities like housing loan,vehicle loan,leave encashment once in 2 years,Leave travel facility,holiday home facility,maternity and paternity leave,

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  • Salary - Excellent
  • +6 more

Dislikes

Employee's have cent percent job security.There is also good team work among them.Normally work pressure is felt on the employees especially those who are good workers.But these are ignored by the management when any small complaints lodged against them by the public which actually would have been the crooked conspiracy of vested interest persons resulting in stalling the promotion prospects of hard working employees.Since Regional In charges are the recommending authority for grant of promotion by head office and these people will not be familiar to us due to their coming from other states and may not be knowing the working efficiency of the particular person,simply discard him just because of the falls complaints. There are now lot of forums like RTI act,consumer forums,civil courts for redressing the grievances of the public with respect to claims,policy issuing etc.

read more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Jun 2023

5.0
 for  Salary and Benefits

Likes

Excellent work culture. Highly knowledgeable staff and Supportive Management. All pahments made within time limit and Cwiss System is Excellent. In my opinion, The New India is my 2nd mother. I LOVE NEW INDIA FROM CORE OF MY HEART. NEW INIDA ASSURANCE IS GREAT COMPANY AND I SALUTE TO ALL AND FEEL PROUD EMPLOYEE OF THIS GREAT AND LEADER COMPANY

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  • Salary - Excellent
  • +6 more

Dislikes

Nothing except offices should be renovated as per New Modern Techniques so that Ambience look like Leader Company.

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 21 Jul 2023

2.0
 for  Salary and Benefits

Likes

Work pressure is relatively less.

  • Job security - Excellent
  • +1 more

Dislikes

The list can go on forever. Only people who have links inside with senior management can make their way up. HR department is pathetic and least concerned about employees.

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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The New India Assurance Co. Branch Manager Salary FAQs

What is the salary of Branch Manager at The New India Assurance Co. ?
The average salary of a Branch Manager at The New India Assurance Co. in India typically ranges from ₹10.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Branch Manager at The New India Assurance Co. earn more than ₹17.4 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Branch Manager Salaries at The New India Assurance Co. 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 The New India Assurance Co. employees in India.
What is the estimated take home salary of a Branch Manager at The New India Assurance Co. in India?
The estimated take-home salary of a Branch Manager at The New India Assurance Co. in India typically ranges from ₹1,08,218 to ₹1,11,205 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 5 years to 10 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 The New India Assurance Co.. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than The New India Assurance Co. for Branch Manager in India?
Life Insurance Corporation of India ₹9.7 Lakhs to ₹31.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by The New India Assurance Co., depending on the role and experience level.
What is the salary of a Branch Manager in companies similar to The New India Assurance Co. in India?
The salary of a Branch Manager at companies similar to The New India Assurance Co. in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

United India Insurance Company ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. ₹11.2 Lakhs to ₹12.9 Lakhs per year
Tata AIA Life Insurance ₹5.0 Lakhs to ₹17.7 Lakhs per year
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹18.8 Lakhs per year
National Insurance Company ₹11.0 Lakhs to ₹15.1 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 The New India Assurance Co. in India?
The salary growth for a Branch Manager at The New India Assurance Co. depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at The New India Assurance Co.:

Experience Average Salary Range
5 years ₹10.0 Lakhs to ₹27.5 Lakhs per year
6 years ₹13.8 Lakhs to ₹17.7 Lakhs per year
7 years ₹13.9 Lakhs to ₹17.8 Lakhs per year
8 years ₹13.0 Lakhs to ₹28.0 Lakhs per year
and so on.

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The New India Assurance Co. Branch Manager salary in India ranges between ₹10 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..