Bajaj Allianz General Insurance Senior Area Manager Salaries by 4 Employees

7 - 11 years exp.

₹7.3 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

30% less than the average Senior Area Manager Salary in Insurance Companies for 7 - 11 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Area Manager Salary 7 - 11 years exp. (3 salaries)	₹7.3 L/yr - ₹10.5 L/yr
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Sales & Business Development Senior Area Manager Salary 10 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr

Last Updated: 23 May 2024

Companies similar to Bajaj Allianz General Insurance for Senior Area Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Senior Area Manager Salary 6 - 17 years exp. (308 salaries)	₹6 L/yr - ₹14 L/yr 10% more
SBI Life Insurance Company Senior Area Manager Salary 12 - 21 years exp. (128 salaries)	₹9 L/yr - ₹21 L/yr 52% more
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Axis Max Life Insurance Senior Area Manager Salary 12 - 17 years exp. (45 salaries)	₹8 L/yr - ₹20 L/yr 54% more
Tata AIA Life Insurance Senior Area Manager Salary 9 - 18 years exp. (20 salaries)	₹10 L/yr - ₹21 L/yr 57% more	1 job opening
Star Health & Allied Insurance Senior Area Manager Salary 15 - 22 years exp. (8 salaries)	₹17.5 L/yr - ₹24 L/yr 127% more
Reliance Nippon Life Insurance Senior Area Manager Salary 0 - 13 years exp. (7 salaries)	₹3 L/yr - ₹8.2 L/yr 50% less
ICICI Prudential Life Insurance Senior Area Manager Salary 4 - 18 years exp. (6 salaries)	₹6.5 L/yr - ₹16 L/yr 10% more
Star Union Dai-ichi Life Insurance Senior Area Manager Salary 14 - 17 years exp. (6 salaries)	₹12.3 L/yr - ₹16 L/yr 44% more
PNB MetLife Senior Area Manager Salary 13 - 17 years exp. (5 salaries)	₹7.5 L/yr - ₹9 L/yr 7% less
Aditya Birla Sun Life Insurance Senior Area Manager Salary 10 - 15 years exp. (4 salaries)	₹7.1 L/yr - ₹8.6 L/yr 18% less
HDFC Life Senior Area Manager Salary 9 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹8.5 L/yr 32% less
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Shriram Life Insurance Senior Area Manager Salary 3 - 4 years exp. (3 salaries)	₹4.7 L/yr - ₹6 L/yr 44% less
HDFC Ergo General Insurance Senior Area Manager Salary 7 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹9.7 L/yr 10% less

Senior Area Manager salary at Bajaj Allianz General Insurance ranges between ₹7.3 Lakhs to ₹12 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Senior Area Manager salaries

Last Updated: 23 May 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
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9 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
10 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹13 L/yr

Similar Designation salaries in Bajaj Allianz General Insurance

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Senior Area Sales Manager Salary

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₹8.6 L/yr - ₹11 L/yr

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Regional Manager Salary

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Sales Manager Salary

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Salary related reviews for Bajaj Allianz General Insurance

4.5

Rated by 2 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

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

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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 Senior Area Manager Salary FAQs

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

The average salary of a Senior Area Manager at Bajaj Allianz General Insurance in India typically ranges from ₹7.3 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Senior Area Manager at Bajaj Allianz General Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Senior Area 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 4 Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a Senior Area Manager at Bajaj Allianz General Insurance in India typically ranges from ₹68,137 to ₹69,884 per month. This is based on the average salary range of ₹7.3 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 7 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 4 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 Senior Area Manager in India?

Star Health & Allied Insurance	₹17.5 Lakhs to ₹24.0 Lakhs per year
Tata AIA Life Insurance	₹10.0 Lakhs to ₹21.0 Lakhs per year
Axis Max Life Insurance	₹8.0 Lakhs to ₹20.0 Lakhs per year
SBI Life Insurance Company	₹9.0 Lakhs to ₹21.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹12.3 Lakhs to ₹16.0 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 Senior Area Manager in companies similar to Bajaj Allianz General Insurance in India?

The salary of a Senior Area 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:

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife	₹7.5 Lakhs to ₹9.0 Lakhs per year
HDFC Ergo General Insurance	₹7.1 Lakhs to ₹9.7 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.1 Lakhs to ₹8.6 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 Senior Area Manager at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
7 years	₹6.8 Lakhs to ₹8.6 Lakhs per year
8 years	₹7.6 Lakhs to ₹9.7 Lakhs per year
9 years	₹8.4 Lakhs to ₹10.8 Lakhs per year
10 years	₹9.3 Lakhs to ₹11.9 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Senior Area Manager Salaries

Bajaj Allianz General Insurance Senior Area Manager salary in India ranges between ₹7.3 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.