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

1 - 8 years exp.

₹3.5 Lakhs - ₹5.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

9% less than the average SRM Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading SRM Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
Customer Success, Service & Operations SRM Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.7 L/yr
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Marketing & Communication SRM Manager Salary 1 year exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 14 Mar 2025

Companies similar to Bajaj Allianz General Insurance for SRM Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife SRM Manager Salary 3 - 10 years exp. (35 salaries)	₹3.4 L/yr - ₹5.5 L/yr 6% more
Bajaj Allianz Life Insurance SRM Manager Salary 0 - 8 years exp. (28 salaries)	₹2.5 L/yr - ₹3.5 L/yr 30% less
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HDFC Life SRM Manager Salary 0 - 6 years exp. (12 salaries)	₹3.5 L/yr - ₹3.9 L/yr 16% less
Axis Max Life Insurance SRM Manager Salary 2 - 8 years exp. (9 salaries)	₹3 L/yr - ₹6 L/yr 1% more
Reliance Nippon Life Insurance SRM Manager Salary 1 - 6 years exp. (8 salaries)	₹2.4 L/yr - ₹2.6 L/yr 42% less
ICICI Lombard General Insurance Company SRM Manager Salary 7 - 9 years exp. (8 salaries)	₹5.6 L/yr - ₹6.3 L/yr 37% more
ICICI Prudential Life Insurance SRM Manager Salary 3 - 8 years exp. (6 salaries)	₹3.9 L/yr - ₹5 L/yr 7% less
Niva Bupa Health Insurance Company SRM Manager Salary 3 - 7 years exp. (6 salaries)	₹3.5 L/yr - ₹4.5 L/yr 5% less
Tata AIA Life Insurance SRM Manager Salary 5 - 8 years exp. (5 salaries)	₹3.7 L/yr - ₹6 L/yr 6% more
Canara HSBC Life Insurance SRM Manager Salary 5 - 15 years exp. (4 salaries)	₹3.5 L/yr - ₹14 L/yr 90% more
Reliance General Insurance SRM Manager Salary 0 - 13 years exp. (4 salaries)	₹2.6 L/yr - ₹7.5 L/yr 25% more
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Star Health & Allied Insurance SRM Manager Salary 6 - 8 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 7% less
Star Union Dai-ichi Life Insurance SRM Manager Salary 4 - 6 years exp. (3 salaries)	₹4 L/yr - ₹4.4 L/yr 1% less
Kotak Mahindara Life Insurance SRM Manager Salary 1 - 8 years exp. (3 salaries)	₹3.6 L/yr - ₹4 L/yr 12% less

SRM Manager salary at Bajaj Allianz General Insurance ranges between ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with experience between 1 year 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 SRM Manager salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.6 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Store Manager Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Area Manager Salary

(23 salaries)

₹5.15 L/yr - ₹18 L/yr

Sales Manager Salary

(557 salaries)

₹1.8 L/yr - ₹7 L/yr

Branch Manager Salary

(14 salaries)

₹4.25 L/yr - ₹12.05 L/yr

Deputy Manager Salary

(168 salaries)

₹7.25 L/yr - ₹16 L/yr

Area Sales Manager Salary

(64 salaries)

₹3 L/yr - ₹12 L/yr

Sales Officer Salary

(133 salaries)

₹1.2 L/yr - ₹4.5 L/yr

Territory Manager Salary

(165 salaries)

₹2.6 L/yr - ₹7 L/yr

Team Lead Salary

(79 salaries)

₹1.9 L/yr - ₹9 L/yr

Branch Sales Manager Salary

(3 salaries)

₹4 L/yr - ₹6 L/yr

Salary related reviews for Bajaj Allianz General Insurance

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

Sales Manager in Siiguri

BFSI, Investments & Trading Department

4.0

• posted on 04 Jun 2022

1.0

for Salary and Benefits

Likes

Company policy are very sharp and easy to maintain.

Skill development - Excellent

+4 more

Dislikes

...then the security of future life is more happiness than compare to present life.salary growth is very slow .There is a contract for 6 months .

Salary - Bad

+1 more

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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 SRM Manager Salary FAQs

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

The average salary of a SRM Manager at Bajaj Allianz General Insurance in India typically ranges from ₹3.5 Lakhs to ₹5.7 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of SRM Manager at Bajaj Allianz General Insurance earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. SRM 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 5 Bajaj Allianz General Insurance employees in India.

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

The estimated take-home salary of a SRM Manager at Bajaj Allianz General Insurance in India typically ranges from ₹32,636 to ₹33,911 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from 1 year 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 SRM Manager in India?

Canara HSBC Life Insurance	₹3.5 Lakhs to ₹14.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.6 Lakhs to ₹6.3 Lakhs per year
Reliance General Insurance	₹2.6 Lakhs to ₹7.5 Lakhs per year
PNB MetLife	₹3.4 Lakhs to ₹5.5 Lakhs per year
Tata AIA Life Insurance	₹3.7 Lakhs to ₹6.0 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 SRM Manager in companies similar to Bajaj Allianz General Insurance in India?

The salary of a SRM 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:

Axis Max Life Insurance	₹3.0 Lakhs to ₹6.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹4.0 Lakhs to ₹4.4 Lakhs per year
Niva Bupa Health Insurance Company	₹3.5 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance	₹3.9 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance	₹3.0 Lakhs to ₹4.5 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 SRM Manager at Bajaj Allianz General Insurance in India?

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

Experience	Average Salary Range
1 year	₹3.5 Lakhs to ₹3.5 Lakhs per year
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹1.6 Lakhs to ₹4.0 Lakhs per year
4 years	₹4.0 Lakhs to ₹7.6 Lakhs per year

and so on.

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Bajaj Allianz General Insurance SRM Manager Salaries

Bajaj Allianz General Insurance SRM Manager salary in India ranges between ₹3.5 Lakhs to ₹5.7 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.