Bajaj Allianz General Insurance Insurance Officer Salaries by 5 Employees

0 - 4 years exp.

₹1.5 Lakh - ₹3 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Insurance Officer Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Officer Salary 1 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹3 L/yr
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BFSI, Investments & Trading Insurance Officer Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.9 L/yr

Last Updated: 23 Aug 2023

Companies similar to Bajaj Allianz General Insurance for Insurance Officer

Company name	Avg Annual Salary	Open Jobs
Star Union Dai-ichi Life Insurance Insurance Officer Salary 0 - 7 years exp. (41 salaries)	₹1.8 L/yr - ₹3.3 L/yr 14% more
PNB MetLife Insurance Officer Salary 0 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹4 L/yr 18% more
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Bajaj Allianz Life Insurance Insurance Officer Salary 0 - 5 years exp. (7 salaries)	₹2 L/yr - ₹4 L/yr 23% more
Axis Max Life Insurance Insurance Officer Salary 0 - 6 years exp. (6 salaries)	₹2.5 L/yr - ₹4.3 L/yr 50% more
United India Insurance Company Insurance Officer Salary 1 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr 17% more
Reliance Nippon Life Insurance Insurance Officer Salary 0 - 12 years exp. (5 salaries)	₹1 L/yr - ₹3.5 L/yr 6% less
Reliance General Insurance Insurance Officer Salary 0 - 4 years exp. (5 salaries)	₹1.9 L/yr - ₹2.4 L/yr 8% less
Star Health & Allied Insurance Insurance Officer Salary 1 - 8 years exp. (5 salaries)	₹2 L/yr - ₹3.4 L/yr 10% more
ICICI Prudential Life Insurance Insurance Officer Salary 0 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 31% more
Tata AIA Life Insurance Insurance Officer Salary 2 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹4 L/yr 30% more
Tata AIG Insurance Officer Salary 4 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹2.7 L/yr 17% more
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Aditya Birla Sun Life Insurance Insurance Officer Salary 0 - 2 years exp. (4 salaries)	₹1.3 L/yr - ₹3.5 L/yr 10% more
Shriram Life Insurance Insurance Officer Salary 1 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹2.8 L/yr 3% more
ICICI Lombard General Insurance Company Insurance Officer Salary 1 - 9 years exp. (3 salaries)	₹1.8 L/yr - ₹4.5 L/yr 26% more
Canara HSBC Life Insurance Insurance Officer Salary 2 - 4 years exp. (3 salaries)	₹3 L/yr - ₹3.3 L/yr 41% more
The New India Assurance Co. Insurance Officer Salary 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2 L/yr 13% less
HDFC Ergo General Insurance Insurance Officer Salary 1 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹3.6 L/yr 35% more

Insurance Officer salary at Bajaj Allianz General Insurance ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Insurance Officer salaries

Last Updated: 23 Aug 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
1 year (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

Similar Designation salaries in Bajaj Allianz General Insurance

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(18 salaries)

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Back Office Staff Salary

(4 salaries)

₹1.8 L/yr - ₹3 L/yr

Deputy Manager Salary

(168 salaries)

₹7.25 L/yr - ₹16 L/yr

Operations Manager Salary

(13 salaries)

₹1.5 L/yr - ₹6.32 L/yr

Sales Executive Salary

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₹1.05 L/yr - ₹6 L/yr

MIS Executive Salary

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₹1.6 L/yr - ₹5 L/yr

Computer Operator Salary

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₹2.15 L/yr - ₹2.4 L/yr

Data Entry Operator Salary

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₹1 L/yr - ₹1.56 L/yr

Team Lead Salary

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Salary related reviews for Bajaj Allianz General Insurance

Back Office Executive in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 Jan 2025

4.0

for Salary and Benefits

Likes

Several opportunities and with in time salary for each and everyone.

Salary - Good

+3 more

Dislikes

Worst work life balance that I ever seen and experienced in bajaj motor claim department. And for me that's the main thing for a human being.

Work-life balance - Bad

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

Team Lead in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 13 Dec 2020

5.0

for Salary and Benefits

Likes

Worked in Bajaj Allianz since last 5 years and defenitely I have excellent learning experience in this company. Job security is good even in COVID we were getting our full paymet in every month . Good bonus , leaves and most important is best team mates I have ever work with. Working with such team mates was never boring. Best experience

Salary - Excellent

+5 more

Dislikes

Less salary and increment for offroll people. Best benefits for onroll people's. If we want growth in this company then we should be on onroll position rest all is good

Promotions - Poor

Sales Executive in Chennai

Banca assurance Department

4.0

• posted on 04 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+2 more

Dislikes

Promotions - Poor

Sales Executive in Kolkata

Marketing & Communication Department

4.0

• posted on 02 Jul 2018

4.0

for Salary and Benefits

Likes

The work culture is good and the pay scale is good

Salary - Good

+5 more

Dislikes

Basically I like the company but I didn't like the insurance industry. I am not comfortable working in the insurance industry and I want to change the insurance industry.

Work satisfaction - 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 Insurance Officer Salary FAQs

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

The average salary of a Insurance Officer at Bajaj Allianz General Insurance in India typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Insurance Officer at Bajaj Allianz General Insurance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Insurance Officer 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 5 Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a Insurance Officer at Bajaj Allianz General Insurance in India typically ranges from ₹15,245 to ₹16,833 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 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 5 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 Officer in India?

Axis Max Life Insurance	₹2.5 Lakhs to ₹4.3 Lakhs per year
Canara HSBC Life Insurance	₹3.0 Lakhs to ₹3.3 Lakhs per year
HDFC Ergo General Insurance	₹2.3 Lakhs to ₹3.6 Lakhs per year
ICICI Prudential Life Insurance	₹2.3 Lakhs to ₹3.9 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹4.0 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 Insurance Officer in companies similar to Bajaj Allianz General Insurance in India?

The salary of a Insurance Officer 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:

ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹4.0 Lakhs per year
PNB MetLife	₹1.5 Lakhs to ₹4.0 Lakhs per year
Tata AIG	₹2.5 Lakhs to ₹2.7 Lakhs per year
United India Insurance Company	₹2.0 Lakhs to ₹3.5 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 Officer at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.4 Lakhs to ₹1.8 Lakhs per year
1 year	₹1.7 Lakhs to ₹2.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹2.5 Lakhs per year
3 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Insurance Officer Salaries

Bajaj Allianz General Insurance Insurance Officer salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.