Bajaj Allianz General Insurance Business Manager Salaries by 9 Employees

4 - 11 years exp.

₹3.9 Lakhs - ₹6.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

59% less than the average Business Manager Salary in Insurance Companies for 4 - 11 years of experience

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Salaries in different departments

Marketing & Communication Business Manager Salary 9 - 11 years exp. (3 salaries)	₹4.3 L/yr - ₹6.3 L/yr
Sales & Business Development Business Manager Salary 4 - 8 years exp. (3 salaries)	₹4.2 L/yr - ₹5.4 L/yr
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BFSI, Investments & Trading Business Manager Salary 9 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.1 L/yr

Last Updated: 30 Apr 2023

Companies similar to Bajaj Allianz General Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Reliance General Insurance Business Manager Salary 7 - 17 years exp. (133 salaries)	₹4.5 L/yr - ₹12.3 L/yr 77% more
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (62 salaries)	₹3 L/yr - ₹5 L/yr 18% less	1 job opening
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Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (21 salaries)	₹5.6 L/yr - ₹11 L/yr 75% more
SBI Life Insurance Company Business Manager Salary 5 - 12 years exp. (16 salaries)	₹5.1 L/yr - ₹7.3 L/yr 43% more
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 9% more
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 3% less
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 19% less
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 23% more
Bajaj Allianz Life Insurance Business Manager Salary 3 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 2% less
Axis Max Life Insurance Business Manager Salary 5 - 12 years exp. (5 salaries)	₹3.1 L/yr - ₹9.5 L/yr 15% more
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	₹4 L/yr - ₹15.1 L/yr 87% more
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Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 70% more
Niva Bupa Health Insurance Company Business Manager Salary 0 - 10 years exp. (5 salaries)	₹8 L/yr - ₹9 L/yr 86% more
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 6% more
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 107% more

Business Manager salary at Bajaj Allianz General Insurance ranges between ₹3.9 Lakhs to ₹6.3 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 9 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Business Manager salaries

Last Updated: 30 Apr 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
11 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Area Business Manager Salary

(4 salaries)

₹4.5 L/yr - ₹7 L/yr

Branch Manager Salary

(14 salaries)

₹4.25 L/yr - ₹12.05 L/yr

Sales Manager Salary

(559 salaries)

₹1.8 L/yr - ₹7 L/yr

Regional Manager Salary

(7 salaries)

₹6.87 L/yr - ₹17.86 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Area Manager Salary

(18 salaries)

₹4.31 L/yr - ₹18 L/yr

Deputy Manager Salary

(168 salaries)

₹7.25 L/yr - ₹16 L/yr

Territory Manager Salary

(165 salaries)

₹2.6 L/yr - ₹7 L/yr

Area Sales Manager Salary

(63 salaries)

₹2.85 L/yr - ₹12 L/yr

Marketing Manager Salary

(6 salaries)

₹2.2 L/yr - ₹8.89 L/yr

Salary related reviews for Bajaj Allianz General Insurance

4.0

Rated by 1 employees for salary & benefits

Territory Manager in Kolkata

Full Time

Other Department

1.0

• posted on 27 Feb 2025

5.0

for Salary and Benefits

Likes

1. Process and Applications 2. Salary on time 3.You Can Apply Advance Salary(if Required) 4. Zonal Hr(Ipshita Ma'am) so Helpful, Other Hr just following management order just like puppet. 5.Banca Channels are good.

Salary - Excellent

Dislikes

1. Retail Team has worst Culture Specially in Kolkata Zone. 2. No Work life balance. 3. Don't in Susanta Bose and Prakash Gupta's Team(if you don't want to Destroy your career) 4.terrible micro management culture. 5.Leave Managements are poor. 6.Zero Work life Balance. 7. Zero Job Security,they even issue PIP after Regisn. Bekar Management Policies, Retail Channel meh jana maat,Specially Channel like Growth Markets

Job security - Bad

+3 more

Senior Sales Manager in Agartala

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 05 Jul 2024

2.0

for Salary and Benefits

Likes

Salary is the only thing I like here

Dislikes

...y it's 6days a week and month end 7days a week now working hours sales timing 9.30am to 7/8pm then policy issuance it's goes upto 1am, then again next day area manager always talking about work on Sunday, if anyone take a leave manager will tell do existing work, then what is the meaning of leave I don't know, now come to the travel part 1/3 salary will goes on the travel, personal life will be destroyed after joining here work pressure like pressure cooker every day conference call after work and tempting your performance not up to the mark in short your family will leave you bcz of not giving family time

Salary - Poor

+6 more

Deputy Manager in Mumbai

Full Time

Sales & Business Development Department

3.0

• posted on 21 Jan 2023

2.0

for Salary and Benefits

Likes

Technology, system driven, best for customers and intermediaries to work with Timely salary Best claim payable insurer

Dislikes

Hell work life balance With limited manpower resource they work No incentive opportunities No Saturday off No work timings

Salary - Poor

+5 more

Senior Business Development Executive (working remotely)

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 14 Oct 2024

4.0

for Salary and Benefits

Likes

Except salary, nothing is in your favour. Work life balance is pathetic. There is no personal life. No holiday. VC and conference call to be attended at night.

Salary - Good

Dislikes

Except salary, nothing in your favour. Work life balance is pathetic. There is no personal life. No holiday. VC and conference call to be attended at night.

Job security - Bad

+4 more

Sales Manager in Bangalore / Bengaluru

Sales & Business Development Department

5.0

• posted on 27 May 2022

5.0

for Salary and Benefits

Likes

My first job started at Bagic only first I joined DM team on 18th Feb 2016 and I have passed On roll exam and moved to Pvt Banca team 20th august -2018 over all very experience in bagic its wonderful company .

Salary - Excellent

+4 more

Dislikes

I am 6.5years old in the company and I have achieved all parameters but every year I got bad rating and my package also less ....so I am not happy with this ...

Promotions - Poor

see more salary related reviews

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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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Bajaj Allianz General Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Bajaj Allianz General Insurance ?

The average salary of a Business Manager at Bajaj Allianz General Insurance in India typically ranges from ₹3.9 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Business Manager at Bajaj Allianz General Insurance earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Business Manager Salaries at Bajaj Allianz General 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 9 Bajaj Allianz General Insurance employees in India.

What is the estimated take home salary of a Business Manager at Bajaj Allianz General Insurance in India?

The estimated take-home salary of a Business Manager at Bajaj Allianz General Insurance in India typically ranges from ₹34,832 to ₹36,075 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 4 years to 11 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 9 salaries received from various employees of Bajaj Allianz General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Allianz General Insurance for Business Manager in India?

HDFC Ergo General Insurance	₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹15.1 Lakhs per year
Niva Bupa Health Insurance Company	₹8.0 Lakhs to ₹9.0 Lakhs per year
Reliance General Insurance	₹4.5 Lakhs to ₹12.3 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bajaj Allianz General Insurance, depending on the role and experience level.

What is the salary of a Business Manager in companies similar to Bajaj Allianz General Insurance in India?

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

Aditya Birla Sun Life Insurance	₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company	₹5.1 Lakhs to ₹7.3 Lakhs per year
PNB MetLife	₹3.5 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 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 Business Manager at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
4 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
5 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
6 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
7 years	₹4.2 Lakhs to ₹5.4 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Business Manager Salaries

Bajaj Allianz General Insurance Business Manager salary in India ranges between ₹3.9 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.