Bajaj Allianz General Insurance Mumbai Relationship Manager Salaries by 30+ Employees (Updated 2025)

0 - 10 years exp.

₹2.1 Lakhs - ₹5.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

27% less than the average Relationship Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 26 job openings

Salaries in different departments

Sales & Business Development Relationship Manager Salary 0 - 10 years exp. (14 salaries)	₹2.5 L/yr - ₹5.6 L/yr
BFSI, Investments & Trading Relationship Manager Salary 0 - 9 years exp. (6 salaries)	₹2.1 L/yr - ₹5.9 L/yr
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Marketing & Communication Relationship Manager Salary 1 - 5 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr
Customer Success, Service & Operations Relationship Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr
Finance & Accounting Relationship Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.4 L/yr

Last Updated: 29 Mar 2025

Companies similar to Bajaj Allianz General Insurance for Relationship Manager in Mumbai

Bajaj Allianz General Insurance Relationship Manager Salary

0 - 10 years exp. (32 salaries)

₹2.1 L/yr - ₹5.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (141 salaries)	₹2 L/yr - ₹5 L/yr 2% more	39 job openings
Tata AIG Relationship Manager Salary 0 - 11 years exp. (100 salaries)	₹2.3 L/yr - ₹7.5 L/yr 27% more	10 job openings
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PNB MetLife Relationship Manager Salary 0 - 9 years exp. (100 salaries)	₹2.1 L/yr - ₹4.5 L/yr 6% less	148 job openings
HDFC Life Relationship Manager Salary 0 - 8 years exp. (93 salaries)	₹2 L/yr - ₹5 L/yr 7% less	6 job openings
Niva Bupa Health Insurance Company Relationship Manager Salary 0 - 9 years exp. (63 salaries)	₹2.2 L/yr - ₹5 L/yr 2% less	2 job openings
Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 8 years exp. (54 salaries)	₹1.8 L/yr - ₹4.5 L/yr 11% less	21 job openings
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 10 years exp. (49 salaries)	₹2.5 L/yr - ₹7 L/yr 19% more
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 6 years exp. (45 salaries)	₹2.2 L/yr - ₹7.8 L/yr 10% more
Star Union Dai-ichi Life Insurance Relationship Manager Salary 0 - 10 years exp. (38 salaries)	₹3 L/yr - ₹5 L/yr 4% more	1 job opening
Axis Max Life Insurance Relationship Manager Salary 0 - 8 years exp. (36 salaries)	₹2 L/yr - ₹7 L/yr 23% more	4 job openings
Star Health & Allied Insurance Relationship Manager Salary 0 - 8 years exp. (35 salaries)	₹2.5 L/yr - ₹4.5 L/yr 10% less
Login to view exact salary
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 6 years exp. (25 salaries)	₹2.4 L/yr - ₹4.5 L/yr 9% less	17 job openings
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 6 years exp. (21 salaries)	₹2.2 L/yr - ₹5 L/yr 2% less
SBI General Insurance Relationship Manager Salary 2 - 9 years exp. (17 salaries)	₹3 L/yr - ₹6.3 L/yr 2% more
Canara HSBC Life Insurance Relationship Manager Salary 1 - 5 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 2% less
HDFC Ergo General Insurance Relationship Manager Salary 2 - 9 years exp. (8 salaries)	₹2.5 L/yr - ₹8.2 L/yr 8% more
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 5 years exp. (7 salaries)	₹2 L/yr - ₹3.6 L/yr 14% less
SBI Life Insurance Company Relationship Manager Salary 2 - 6 years exp. (6 salaries)	₹3.2 L/yr - ₹5 L/yr 6% more
Reliance General Insurance Relationship Manager Salary 4 - 9 years exp. (5 salaries)	₹4 L/yr - ₹6 L/yr 19% more
Shriram Life Insurance Relationship Manager Salary 1 - 3 years exp. (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr 23% more

Relationship Manager salary at Bajaj Allianz General Insurance ranges between ₹2.1 Lakhs to ₹5.9 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 32 latest salaries received from various employees of Bajaj Allianz General Insurance.

Latest annual salaries shared by Bajaj Allianz General Insurance Relationship Manager in Mumbai

2w ago

₹3.3 Lakhs

5 years exp.

1mo ago

₹4.2 Lakhs

4 years exp.

3mo ago

₹3.3 Lakhs

2 months exp.

4mo ago

₹4.5 Lakhs

1 year exp.

6mo ago

₹4 Lakhs

7 years exp.

8mo ago

10 years exp.

8mo ago

10 years exp.

10mo ago

6 years exp.

11mo ago

9 years exp.

1y ago

8 years exp.

Experience wise Bajaj Allianz General Insurance Relationship Manager salaries in Mumbai

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
1 year (8 salaries)	₹2.5 L/yr - ₹5 L/yr
Login to view exact salary
2 years (3 salaries)	₹2.5 L/yr - ₹6.4 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
4 years (5 salaries)	₹2.1 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (4 salaries)	₹3.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
10 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Sales Manager Salary

(68 salaries)

₹2.4 L/yr - ₹6.64 L/yr

Deputy Manager Salary

(9 salaries)

₹9.5 L/yr - ₹15 L/yr

Area Sales Manager Salary

(4 salaries)

₹4.2 L/yr - ₹12 L/yr

Branch Manager Salary

(3 salaries)

₹5.5 L/yr - ₹7.25 L/yr

Top skills at Bajaj Allianz General Insurance for Relationship Manager

Operations Recruitment Salesforce Relationship Management Private Banking Team Development Software Configuration Management Business Strategy Stakeholder Management Sales Planning Market Intelligence Interpersonal Skills Market Study Networking Training

Salary related reviews for Bajaj Allianz General Insurance

3.3

Rated by 4 employees for salary & benefits

Relationship Manager in Hyderabad / Secunderabad

BFSI, Investments & Trading Department

4.0

• posted on 13 Aug 2019

3.0

for Salary and Benefits

Likes

Excellent work atmosphere, One of the good brand, Employees benefits are paid on time, excellent service to customers , Excellent career growth.

Skill development - Good

+4 more

Dislikes

There is no any negative thing in Bajaj Allianz General Insurance Co Ltd.

Job security - Poor

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

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 Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at Bajaj Allianz General Insurance in Mumbai typically ranges from ₹2.1 Lakhs to ₹5.9 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Relationship Manager in Mumbai at Bajaj Allianz General Insurance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.9 Lakhs per year. Relationship 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 30+ Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a Relationship Manager at Bajaj Allianz General Insurance in Mumbai typically ranges from ₹28,363 to ₹29,752 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.9 Lakhs per year for employees with experience ranging from Fresher to 10 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 30+ 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 Relationship Manager at Bajaj Allianz General Insurance in Mumbai?

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

- Operations
- Recruitment
- Salesforce
- Relationship Management
- Private Banking

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 Relationship Manager in India?

Tata AIG	₹2.3 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance	₹2.0 Lakhs to ₹7.0 Lakhs per year
Shriram Life Insurance	₹4.5 Lakhs to ₹5.5 Lakhs per year
Reliance General Insurance	₹4.0 Lakhs to ₹6.0 Lakhs per year
ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹7.0 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 Relationship Manager in companies similar to Bajaj Allianz General Insurance in Mumbai?

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

ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹7.8 Lakhs per year
HDFC Ergo General Insurance	₹2.5 Lakhs to ₹8.2 Lakhs per year
SBI Life Insurance Company	₹3.2 Lakhs to ₹5.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹3.0 Lakhs to ₹5.0 Lakhs per year
Tata AIA Life Insurance	₹2.0 Lakhs to ₹5.0 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 Relationship Manager at Bajaj Allianz General Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹3.9 Lakhs per year
1 year	₹2.5 Lakhs to ₹5.0 Lakhs per year
2 years	₹2.5 Lakhs to ₹6.4 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Relationship Manager Salaries in Mumbai

Bajaj Allianz General Insurance Relationship Manager salary in Mumbai ranges between ₹2.1 Lakhs to ₹5.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.

Bajaj Allianz General Insurance Relationship Manager salaries in Mumbai (Updated 2025)

Companies similar to Bajaj Allianz General Insurance for Relationship Manager in Mumbai

Latest annual salaries shared by Bajaj Allianz General Insurance Relationship Manager in Mumbai

Experience wise Bajaj Allianz General Insurance Relationship Manager salaries in Mumbai

Similar Designation salaries in Bajaj Allianz General Insurance

Top skills at Bajaj Allianz General Insurance for Relationship Manager

Salary related reviews for Bajaj Allianz General Insurance

Relationship Manager in Hyderabad / Secunderabad

Territory Manager in Kolkata

Deputy Manager in Mumbai

Sales Manager in Bangalore / Bengaluru

Sales Officer in Kolkata

Bajaj Allianz General Insurance Relationship Manager Salary FAQs

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