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Bajaj Allianz General Insurance SRM Manager salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹3.5 Lakhs - ₹5.7 Lakhs
Salary of majority employees
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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)
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₹3.6 L/yr - ₹4.4 L/yr

Customer Success, Service & Operations
SRM Manager Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹5.7 L/yr

Marketing & Communication
SRM Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹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
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PNB MetLife SRM Manager Salary

3 - 10 years exp. (39 salaries)

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₹3.4 L/yr - ₹5.5 L/yr

arrow icon 5% more
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 30% less
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HDFC Life SRM Manager Salary

0 - 6 years exp. (12 salaries)

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₹3.5 L/yr - ₹3.9 L/yr

arrow icon 16% less
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Axis Max Life Insurance SRM Manager Salary

2 - 8 years exp. (9 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 1% more
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₹2.4 L/yr - ₹2.6 L/yr

arrow icon 42% less
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₹5.6 L/yr - ₹6.3 L/yr

arrow icon 37% more
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₹3.9 L/yr - ₹5 L/yr

arrow icon 7% less
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₹3.5 L/yr - ₹4.5 L/yr

arrow icon 5% less
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Tata AIA Life Insurance SRM Manager Salary

5 - 8 years exp. (5 salaries)

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₹3.7 L/yr - ₹6 L/yr

arrow icon 6% more
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Canara HSBC Life Insurance SRM Manager Salary

5 - 15 years exp. (4 salaries)

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₹3.5 L/yr - ₹14 L/yr

arrow icon 90% more
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Reliance General Insurance SRM Manager Salary

0 - 13 years exp. (4 salaries)

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₹2.6 L/yr - ₹7.5 L/yr

arrow icon 25% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 7% less
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₹4 L/yr - ₹4.4 L/yr

arrow icon 1% less
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₹3.6 L/yr - ₹4 L/yr

arrow icon 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.

Latest annual salaries shared by Bajaj Allianz General Insurance SRM Manager

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6 years exp.
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4 years exp.
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1 year exp.

Experience wise Bajaj Allianz General Insurance SRM Manager salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.5 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
View all

Similar Designation salaries in Bajaj Allianz General Insurance

Store Manager Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr
Area Manager Salary
(16 salaries)
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₹5.15 L/yr - ₹18 L/yr
Sales Manager Salary
(556 salaries)
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₹1.8 L/yr - ₹7 L/yr
Branch Manager Salary
(14 salaries)
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₹4.25 L/yr - ₹12.05 L/yr
Deputy Manager Salary
(166 salaries)
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₹7.5 L/yr - ₹16 L/yr
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₹2.85 L/yr - ₹12 L/yr
Sales Officer Salary
(136 salaries)
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₹1.2 L/yr - ₹4.5 L/yr
Territory Manager Salary
(285 salaries)
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₹2.6 L/yr - ₹8 L/yr
Team Lead Salary
(83 salaries)
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₹1.9 L/yr - ₹9 L/yr
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₹4 L/yr - ₹6 L/yr

Salary related reviews for Bajaj Allianz General Insurance

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.

read more
  • 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

read more
  • Job security - Bad
  • +3 more

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

read more

Dislikes

Hell work life balance With limited manpower resource they work No incentive opportunities No Saturday off No work timings

read more
  • Salary - Poor
  • +5 more

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 .

read more
  • 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 ...

read more
  • Promotions - Poor

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.

read more
  • Work satisfaction - Poor
  • +1 more

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 .

read more
  • Salary - Bad
  • +1 more
see more salary related reviews

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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
Tata AIA Life Insurance ₹3.7 Lakhs to ₹6.0 Lakhs per year
PNB MetLife ₹3.4 Lakhs to ₹5.5 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.

Tell us how to improve this page.

Bajaj Allianz General Insurance SRM Manager salary in India ranges between ₹3.5 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.