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

3 - 12 years exp.

₹1.9 Lakh - ₹6 Lakhs

Salary of majority employees

46% less than the average SM Salary in Insurance Companies for 3 - 12 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
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BFSI, Investments & Trading SM Salary 3 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 L/yr

Last Updated: 31 Dec 2024

Companies similar to Bajaj Allianz General Insurance for SM

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 44% more
HDFC Ergo General Insurance SM Salary 0 - 6 years exp. (9 salaries)	₹3.1 L/yr - ₹4.2 L/yr 18% less
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Reliance General Insurance SM Salary 6 - 12 years exp. (6 salaries)	₹4.4 L/yr - ₹5.6 L/yr At par
Future Generali India Life Insurance SM Salary 1 - 16 years exp. (7 salaries)	₹2 L/yr - ₹3.5 L/yr 31% less
Axis Max Life Insurance SM Salary 1 - 10 years exp. (13 salaries)	₹3.1 L/yr - ₹5.5 L/yr 2% less
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 16% less
Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 37% less
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 3% less
PNB MetLife SM Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr 29% less
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 48% less
Canara HSBC Life Insurance SM Salary 4 - 11 years exp. (4 salaries)	₹3.8 L/yr - ₹5.8 L/yr 14% more
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ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 57% more
Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 41% less
Niva Bupa Health Insurance Company SM Salary 4 - 9 years exp. (3 salaries)	₹3.8 L/yr - ₹8.5 L/yr 29% more

SM salary at Bajaj Allianz General Insurance ranges between ₹1.9 Lakh to ₹6 Lakhs per year for employees with experience between 3 years to 12 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: 31 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
11 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹10.8 L/yr

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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

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

Junior Executive in Pune

Other Department

5.0

• posted on 12 Jun 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling .Company policies are good, appraisal are fair

Salary - Good

+5 more

Dislikes

There are salary is decent but career growth is slow.

see more salary related reviews

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Bajaj Allianz General Insurance SM Salary FAQs

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

SM salary at Bajaj Allianz General Insurance in India ranges between ₹1.9 Lakhs to ₹6.0 Lakhs for experience between 3 years to 12 years. According to our estimates it is 46% less than the average SM Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz General Insurance India.

How does the salary of a SM at Bajaj Allianz General Insurance India compare with the average salary range for this job?

The average salary of a SM at Bajaj Allianz General Insurance is 46% less than the average salary of a SM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Allianz General Insurance to a SM in India?

ICICI Prudential Life Insurance SM Salary - ₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company SM Salary - ₹5.1 Lakhs to ₹7.1 Lakhs per year
Niva Bupa Health Insurance Company SM Salary - ₹3.8 Lakhs to ₹8.5 Lakhs per year
Canara HSBC Life Insurance SM Salary - ₹3.8 Lakhs to ₹5.8 Lakhs per year
Reliance General Insurance SM Salary - ₹4.4 Lakhs to ₹5.6 Lakhs per year

What is the salary of a SM in companies similar to Bajaj Allianz General Insurance in India?

Axis Max Life Insurance SM Salary - ₹3.1 Lakhs to ₹5.5 Lakhs per year
HDFC Life SM Salary - ₹3.8 Lakhs to ₹5.3 Lakhs per year
Kotak Mahindara Life Insurance SM Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance SM Salary - ₹3.1 Lakhs to ₹4.2 Lakhs per year
PNB MetLife SM Salary - ₹2.3 Lakhs to ₹4.2 Lakhs per year

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 ranges between ₹33,751 per month to ₹35,010 per month in India. The take-home salary calculation is based on the average Bajaj Allianz General Insurance SM salary in India which ranges between ₹1.9 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

What is the notice period for SM at Bajaj Allianz General Insurance?

According to AmbitionBox, 50% of the Bajaj Allianz General Insurance SMs reported a notice period of 15 days or less, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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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 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.