Bajaj Allianz General Insurance Product Manager Salaries by 10+ Employees (Updated 2025)

1 - 13 years exp.

₹5 Lakhs - ₹19 Lakhs

Avg. annual salary

Monthly In-hand Salary

46% less than the average Product Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

Product Management Product Manager Salary 1 - 13 years exp. (7 salaries)	₹7.5 L/yr - ₹19 L/yr
Marketing & Communication Product Manager Salary 1 - 4 years exp. (4 salaries)	₹5 L/yr - ₹16.9 L/yr
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BFSI, Investments & Trading Product Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹16.9 L/yr

Last Updated: 25 Feb 2025

Companies similar to Bajaj Allianz General Insurance for Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (260 salaries)	₹6 L/yr - ₹23 L/yr 21% more
HDFC Life Product Manager Salary 2 - 8 years exp. (77 salaries)	₹7.5 L/yr - ₹20 L/yr 15% more
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Tata AIG Product Manager Salary 0 - 5 years exp. (61 salaries)	₹6.4 L/yr - ₹24 L/yr 34% more
ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (36 salaries)	₹6.3 L/yr - ₹19 L/yr 31% more
Allstate Product Manager Salary 7 - 15 years exp. (29 salaries)	₹18.1 L/yr - ₹48 L/yr 223% more
Axis Max Life Insurance Product Manager Salary 2 - 9 years exp. (27 salaries)	₹7.2 L/yr - ₹24.9 L/yr 41% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (27 salaries)	₹8 L/yr - ₹31 L/yr 61% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (21 salaries)	₹13 L/yr - ₹19 L/yr 33% more
Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (16 salaries)	₹13 L/yr - ₹30.5 L/yr 50% more
SBI Life Insurance Company Product Manager Salary 2 - 9 years exp. (15 salaries)	₹7.8 L/yr - ₹14.5 L/yr 2% less
Bajaj Allianz Life Insurance Product Manager Salary 0 - 13 years exp. (13 salaries)	₹8 L/yr - ₹30 L/yr 53% more
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First American Corporation Product Manager Salary 8 - 17 years exp. (12 salaries)	₹22.2 L/yr - ₹48.6 L/yr 195% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 L/yr 55% more
Reliance Nippon Life Insurance Product Manager Salary 3 - 7 years exp. (7 salaries)	₹6 L/yr - ₹15 L/yr 4% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 33% more
Reliance General Insurance Product Manager Salary 2 - 10 years exp. (7 salaries)	₹9 L/yr - ₹16 L/yr 1% less
Canara HSBC Life Insurance Product Manager Salary 4 - 12 years exp. (6 salaries)	₹7 L/yr - ₹24 L/yr 37% more
PNB MetLife Product Manager Salary 2 - 8 years exp. (4 salaries)	₹14.5 L/yr - ₹25 L/yr 67% more
Niva Bupa Health Insurance Company Product Manager Salary 2 - 3 years exp. (4 salaries)	₹10 L/yr - ₹16.1 L/yr 3% more
SBI General Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹15.5 L/yr 4% less

View all

Product Manager salary at Bajaj Allianz General Insurance ranges between ₹5 Lakhs to ₹19 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 13 latest salaries received from various employees of Bajaj Allianz General Insurance.

Latest annual salaries shared by Bajaj Allianz General Insurance Product Manager

3d ago

₹8.9 Lakhs

4 years exp.

2mo ago

₹13 Lakhs

3 years exp.

1y ago

₹12 Lakhs

5 years exp.

1y ago

₹8 Lakhs

4 years exp.

1y ago

₹19 Lakhs

13 years exp.

1y ago

10 years exp.

1y ago

12 years exp.

1y ago

1 year exp.

1y ago

3 years exp.

1y ago

2 years exp.

Experience wise Bajaj Allianz General Insurance Product Manager salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹7.5 L/yr
2 years (AmbitionBox Estimate)	₹5 L/yr - ₹13.3 L/yr
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3 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹13 L/yr
4 years (3 salaries)	₹6.8 L/yr - ₹16.4 L/yr
5 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
7 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr
8 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
9 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
10 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹18 L/yr
11 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
12 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹16 L/yr
13 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹19 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Project Manager Salary

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Production Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Lead Product Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Product Lead Salary

(7 salaries)

₹5 L/yr - ₹20 L/yr

Deputy Manager Salary

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₹7.25 L/yr - ₹16 L/yr

Senior Product Manager Salary

(AmbitionBox Estimate)

₹27 L/yr - ₹34.5 L/yr

Scrum Master Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Senior Project Manager Salary

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₹22 L/yr - ₹33 L/yr

Associate Product Manager Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Top skills at Bajaj Allianz General Insurance for Product Manager

Product Portfolio Digital Market Development Execution Retail Project Management Product Management Product Development Customer Relationship Operations Business Development Product Planning Ideation New Product Analytics

Salary related reviews for Bajaj Allianz General Insurance

3.3

Rated by 2 employees for salary & benefits

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

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

Junior Executive in Pune

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 10 Feb 2025

5.0

for Salary and Benefits

Likes

Company environment, salary, also other department very supportive, friendly environment also all festival are celebrated there.

Salary - Excellent

+6 more

Dislikes

Hr not taking action against loyal or hardworking peoples when they was complaining against the exact issue.. they just ignore employees complaint because of management.

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

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

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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 Product Manager Salary FAQs

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

The average salary of a Product Manager at Bajaj Allianz General Insurance in India typically ranges from ₹5.0 Lakhs to ₹19.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Product Manager at Bajaj Allianz General Insurance earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Product 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 10+ Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a Product Manager at Bajaj Allianz General Insurance in India typically ranges from ₹83,369 to ₹85,547 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from 1 year to 13 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 10+ salaries received from various employees of Bajaj Allianz General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Manager at Bajaj Allianz General Insurance ?

To be a Product Manager at Bajaj Allianz General Insurance in india, the key skills required include:

- Product Portfolio
- Digital
- Market Development
- Execution
- Retail

These skills are highly valued at Bajaj Allianz General Insurance and are crucial for successful performance in a Software Engineering role.

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

Allstate	₹18.1 Lakhs to ₹48.0 Lakhs per year
First American Corporation	₹22.2 Lakhs to ₹48.6 Lakhs per year
PNB MetLife	₹14.5 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹8.0 Lakhs to ₹31.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹13.6 Lakhs to ₹23.6 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 Product Manager in companies similar to Bajaj Allianz General Insurance in India?

The salary of a Product 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:

Tata AIA Life Insurance	₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance	₹8.0 Lakhs to ₹30.0 Lakhs per year
Star Health & Allied Insurance	₹13.0 Lakhs to ₹30.5 Lakhs per year
Axis Max Life Insurance	₹7.2 Lakhs to ₹24.9 Lakhs per year
Canara HSBC Life Insurance	₹7.0 Lakhs to ₹24.0 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 Product Manager at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
1 year	₹5.0 Lakhs to ₹7.5 Lakhs per year
2 years	₹5.0 Lakhs to ₹13.3 Lakhs per year
3 years	₹5.3 Lakhs to ₹13.0 Lakhs per year
4 years	₹6.8 Lakhs to ₹16.4 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Product Manager Salaries

Bajaj Allianz General Insurance Product Manager salary in India ranges between ₹5 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.