Bajaj Allianz General Insurance Insurance Manager Salaries by 6 Employees

0 - 4 years exp.

₹2.5 Lakhs - ₹4.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Insurance Manager Salary in Insurance Companies for 0 - 4 years of experience

Interested in this particular role?

Last Updated: 20 Jul 2024

Companies similar to Bajaj Allianz General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (70 salaries)	₹0.6 L/yr - ₹5.3 L/yr 12% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (52 salaries)	₹2.5 L/yr - ₹6 L/yr 10% less
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Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 13% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (28 salaries)	₹2.6 L/yr - ₹7.7 L/yr 11% more
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (25 salaries)	₹1.8 L/yr - ₹5 L/yr 16% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 7% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 6% less
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹5 L/yr 16% less
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 2% more
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (13 salaries)	₹1 L/yr - ₹5 L/yr 19% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (15 salaries)	₹2.5 L/yr - ₹4.5 L/yr 5% less
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Tata AIG Insurance Manager Salary 3 - 13 years exp. (9 salaries)	₹2.7 L/yr - ₹7.9 L/yr 29% more
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 9% less
HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 44% more
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 12% more
Star Union Dai-ichi Life Insurance Insurance Manager Salary 3 - 8 years exp. (7 salaries)	₹2.1 L/yr - ₹3.6 L/yr 21% less
Niva Bupa Health Insurance Company Insurance Manager Salary 0 - 13 years exp. (7 salaries)	₹3.1 L/yr - ₹5 L/yr 7% less
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 3% more
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹7.3 L/yr 6% more
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 57% more

Insurance Manager salary at Bajaj Allianz General Insurance ranges between ₹2.5 Lakhs to ₹4.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Insurance Manager salaries

Last Updated: 20 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
1 year (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
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2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

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Branch Sales Manager Salary

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Relationship Manager Salary

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Salary related reviews for Bajaj Allianz General Insurance

3.7

Rated by 3 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

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

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

Sales Officer in Kolkata

Other Department

2.0

• posted on 30 Apr 2022

3.0

for Salary and Benefits

Likes

Official job is good

Dislikes

Salary structure is so poor,not secure job.This is commission/insentives/pay out based job.I am sorry to say now a days all insurance companies became a broker based job.You can give payout to brokers for each & every policies.

Work satisfaction - Poor

+1 more

Sales Manager in Siiguri

BFSI, Investments & Trading Department

4.0

• posted on 04 Jun 2022

1.0

for Salary and Benefits

Likes

Company policy are very sharp and easy to maintain.

Skill development - Excellent

+4 more

Dislikes

...then the security of future life is more happiness than compare to present life.salary growth is very slow .There is a contract for 6 months .

Salary - Bad

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Bajaj Allianz General Insurance Insurance Manager Salary FAQs

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

The average salary of a Insurance Manager at Bajaj Allianz General Insurance in India typically ranges from ₹2.5 Lakhs to ₹4.6 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Insurance Manager at Bajaj Allianz General Insurance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Insurance 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 6 Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a Insurance Manager at Bajaj Allianz General Insurance in India typically ranges from ₹30,596 to ₹31,901 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from Fresher to 4 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 6 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 Insurance Manager in India?

The New India Assurance Co.	₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹9.4 Lakhs per year
Tata AIG	₹2.7 Lakhs to ₹7.9 Lakhs per year
SBI General Insurance	₹2.4 Lakhs to ₹7.5 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 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 Insurance Manager in companies similar to Bajaj Allianz General Insurance in India?

The salary of a Insurance 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:

Star Health & Allied Insurance	₹4.2 Lakhs to ₹7.3 Lakhs per year
Reliance General Insurance	₹3.0 Lakhs to ₹5.1 Lakhs per year
ICICI Lombard General Insurance Company	₹2.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company	₹2.5 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindara Life Insurance	₹2.5 Lakhs to ₹5.9 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 Insurance Manager at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.3 Lakhs to ₹4.2 Lakhs per year
1 year	₹3.3 Lakhs to ₹4.3 Lakhs per year
2 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.4 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Insurance Manager Salaries

Bajaj Allianz General Insurance Insurance Manager salary in India ranges between ₹2.5 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.

Bajaj Allianz General Insurance Insurance Manager salaries in India

Companies similar to Bajaj Allianz General Insurance for Insurance Manager

Latest annual salaries shared by Bajaj Allianz General Insurance Insurance Manager

Experience wise Bajaj Allianz General Insurance Insurance Manager salaries

Similar Designation salaries in Bajaj Allianz General Insurance

Salary related reviews for Bajaj Allianz General Insurance

Territory Manager in Kolkata

Deputy Manager in Mumbai

Sales Manager in Bangalore / Bengaluru

Sales Officer in Kolkata

Sales Manager in Siiguri

Bajaj Allianz General Insurance Insurance Manager Salary FAQs

Tell us how to improve this page.