The New India Assurance Co. Indore Branch Manager Salaries by 5 Employees

9 - 10 years exp.

₹14 Lakhs - ₹18.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

55% more than the average Branch Manager Salary in Insurance Companies for 9 - 10 years of experience

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Last Updated: 1 Aug 2024

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

The New India Assurance Co. Branch Manager Salary

9 - 10 years exp. (5 salaries)

₹14 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Branch Manager Salary 10 - 16 years exp. (9 salaries)	₹7.3 L/yr - ₹11 L/yr 44% less
Tata AIA Life Insurance Branch Manager Salary 11 - 18 years exp. (5 salaries)	₹7 L/yr - ₹14 L/yr 23% less	13 job openings
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Axis Max Life Insurance Branch Manager Salary 16 - 19 years exp. (3 salaries)	₹10.1 L/yr - ₹11 L/yr 36% less	1 job opening
IndusInd Bank Branch Manager Salary 6 - 20 years exp. (64 salaries)	₹4.9 L/yr - ₹18 L/yr 29% less	130 job openings
IDFC FIRST Bank Branch Manager Salary 6 - 18 years exp. (51 salaries)	₹5.6 L/yr - ₹21.5 L/yr 19% less	3 job openings

Branch Manager salary at The New India Assurance Co. ranges between ₹14 Lakhs to ₹18.5 Lakhs per year for employees with experience between 9 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of The New India Assurance Co..

Experience wise The New India Assurance Co. Branch Manager salaries in Indore

Last Updated: 1 Aug 2024

Experience	Avg Annual Salary
9 years (4 salaries)	₹14 L/yr - ₹28.7 L/yr
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10 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr

From

Branch Manager

5 - 10 years exp.

Divisional Manager

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.

Salary related reviews for The New India Assurance Co.

Administration Officer in Bhubaneswar

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.

Salary - Good

+6 more

Dislikes

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

Assistant Manager Operations in Calcutta

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,

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.

Skill development - Poor

+1 more

Administration Officer

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,

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.

Manager in Mohali

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

Salary - Excellent

+6 more

Dislikes

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

Administration Officer in Mumbai

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.

Salary - Poor

+2 more

see more salary related reviews

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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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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. in Indore?

The average salary of a Branch Manager at The New India Assurance Co. in Indore typically ranges from ₹14.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 9 years to 10 years).

The top 10% of Branch Manager in Indore at The New India Assurance Co. earn more than ₹18.5 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 5 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 Indore?

The estimated take-home salary of a Branch Manager at The New India Assurance Co. in Indore typically ranges from ₹1,09,929 to ₹1,12,971 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 9 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 5 salaries received from various employees of The New India Assurance Co.. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Branch Manager in companies similar to The New India Assurance Co. in Indore?

The salary of a Branch Manager at companies similar to The New India Assurance Co. in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹5.6 Lakhs to ₹21.5 Lakhs per year
Tata AIA Life Insurance	₹7.0 Lakhs to ₹14.0 Lakhs per year
IndusInd Bank	₹4.9 Lakhs to ₹18.0 Lakhs per year
Axis Max Life Insurance	₹10.1 Lakhs to ₹11.0 Lakhs per year
HDFC Ergo General Insurance	₹7.3 Lakhs to ₹11.0 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 Branch Manager at The New India Assurance Co. in Indore?

The salary growth for a Branch Manager at The New India Assurance Co. in Indore depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Indore can expect the following growth trajectory at The New India Assurance Co.:

Experience	Average Salary Range
9 years	₹14.0 Lakhs to ₹28.7 Lakhs per year
10 years	₹14.4 Lakhs to ₹18.4 Lakhs per year

and so on.

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The New India Assurance Co. Branch Manager Salaries in Indore

The New India Assurance Co. Branch Manager salary in Indore ranges between ₹14 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..