Compensation and Benefits at TATA AIA

Compensation

1. Base Salary: Competitive salary based on role, experience, and market standards. TATA AIA typically offers salaries that align with industry norms to attract top talent.

2. Performance Bonuses: Incentives and bonuses based on individual and company performance. These can include annual performance bonuses, quarterly incentives, and special recognition awards.

3. Sales Commissions: For sales-related roles, commissions and performance-based incentives are common.

Benefits

1. Health Insurance: Comprehensive medical insurance coverage for employees and their families, including coverage for hospitalization, outpatient consultations, and other health-related expenses.

2. Retirement Benefits: Provident fund contributions, pension plans, and other retirement savings schemes.

3. Paid Time Off (PTO): Includes vacation days, sick leave, personal leave, and public holidays.

4. Employee Discounts: Discounts on insurance products and services offered by TATA AIA.

5. Professional Development: Opportunities for training, career development programs, and support for further education.

6. Work-Life Balance: Flexible working hours or remote work options, depending on the role and location.

7. Wellness Programs: Wellness initiatives that may include mental health support, fitness programs, and health screenings.

8. Transportation: Transport allowances or company-provided transportation services in certain locations.

Salaries

Salaries at TATA AIA vary widely depending on the role, level of experience, and location. Here's a general idea of typical salaries for some positions:

• Insurance Sales Executive: ₹3-6 lakhs per annum

• Business Development Manager: ₹6-12 lakhs per annum

• Assistant Manager: ₹8-15 lakhs per annum

• Manager: ₹12-20 lakhs per annum

• Senior Manager/Associate Director: ₹20-30 lakhs per annum

• Director/General Manager: ₹30-50 lakhs per annum

• Vice President: ₹50 lakhs and above per annum