Bajaj Allianz General Insurance SM Salaries by 5 Employees (Updated 2025)

3 - 8 years exp.

₹1.9 Lakh - ₹6.3 Lakhs

Salary of majority employees

53% less than the average SM Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

Sales & Business Development SM Salary 3 - 8 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹6 L/yr
BFSI, Investments & Trading SM Salary 3 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 L/yr
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Customer Success, Service & Operations SM Salary 7 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹6.9 L/yr

Last Updated: 24 Mar 2025

Companies similar to Bajaj Allianz General Insurance for SM

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance SM Salary 1 - 10 years exp. (15 salaries)	₹3.1 L/yr - ₹5.5 L/yr 3% more
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 7% less
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Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 33% less
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 4% more
HDFC Ergo General Insurance SM Salary 0 - 6 years exp. (9 salaries)	₹3.1 L/yr - ₹4.2 L/yr 13% less
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 54% more
Reliance General Insurance SM Salary 6 - 12 years exp. (6 salaries)	₹4.4 L/yr - ₹5.6 L/yr 7% more
PNB MetLife SM Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr 24% less
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 44% less
Canara HSBC Life Insurance SM Salary 4 - 11 years exp. (4 salaries)	₹3.8 L/yr - ₹5.8 L/yr 22% more
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 68% more
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Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 37% less
Niva Bupa Health Insurance Company SM Salary 4 - 9 years exp. (3 salaries)	₹3.8 L/yr - ₹8.5 L/yr 37% more

SM salary at Bajaj Allianz General Insurance ranges between ₹1.9 Lakh to ₹6.3 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance SM salaries

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.3 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

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₹7.5 L/yr - ₹16 L/yr

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₹1.5 L/yr - ₹4.5 L/yr

Operations Executive Salary

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₹1 L/yr - ₹5.5 L/yr

Management Trainee Salary

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₹5.4 L/yr - ₹9.5 L/yr

Team Lead Salary

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₹1.9 L/yr - ₹9 L/yr

Executive Trainee Salary

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₹2 L/yr - ₹6 L/yr

Junior Officer Salary

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₹1.3 L/yr - ₹3.22 L/yr

Back Office Executive Salary

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Circle Head Salary

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Salary related reviews for Bajaj Allianz General Insurance

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

Executive Trainee in New Delhi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 17 Aug 2023

3.0

for Salary and Benefits

Likes

That salary is credited timely.

Dislikes

There's no clarity of the job profile during the briefing of job and doesn't give fair briefing about job, in my case I was given briefing on B2B and after joining I am assigned to B2C they mentioned their won't be field job and now I just don't know my daily schedule also where I need to head

Skill development - Poor

+5 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

Junior Executive in Moti Nagar, Delhi

Full Time

Emerging (Sales) Department

3.0

• posted on 22 Nov 2022

4.0

for Salary and Benefits

Likes

Good Salary.

Salary - Good

Dislikes

Very Bad Environment in Moti Nagar Branch and HR also not take any action. Too much pressure.. Not time limited and always face problem if you want leave. No Saturday and even Sunday also you do work.

Job security - Bad

+3 more

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz General Insurance SM Salary FAQs

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

The average salary of a SM at Bajaj Allianz General Insurance in India typically ranges from ₹1.9 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of SM at Bajaj Allianz General Insurance earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. SM 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 SM at Bajaj Allianz General Insurance in India?

The estimated take-home salary of a SM at Bajaj Allianz General Insurance in India typically ranges from ₹31,424 to ₹32,717 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 3 years to 8 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 SM in India?

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company	₹5.1 Lakhs to ₹7.1 Lakhs per year
Niva Bupa Health Insurance Company	₹3.8 Lakhs to ₹8.5 Lakhs per year
Canara HSBC Life Insurance	₹3.8 Lakhs to ₹5.8 Lakhs per year
Reliance General Insurance	₹4.4 Lakhs to ₹5.6 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 SM in companies similar to Bajaj Allianz General Insurance in India?

The salary of a SM 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:

HDFC Life	₹3.8 Lakhs to ₹5.3 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹3.1 Lakhs to ₹4.2 Lakhs per year
PNB MetLife	₹2.3 Lakhs to ₹4.2 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 SM at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
3 years	₹1.9 Lakhs to ₹2.9 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
6 years	₹1.9 Lakhs to ₹4.8 Lakhs per year

and so on.

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Bajaj Allianz General Insurance SM Salaries

Bajaj Allianz General Insurance SM salary in India ranges between ₹1.9 Lakh to ₹6.3 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.