Bajaj Allianz Life Insurance Agency Manager Salaries by 8 Employees (Updated 2025)

0 - 11 years exp.

₹2.5 Lakhs - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

9% more than the average Agency Manager Salary in Insurance Companies for 0 - 11 years of experience

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Salaries in different departments

Sales & Business Development Agency Manager Salary 2 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr
BFSI, Investments & Trading Agency Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹7 L/yr
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Engineering - Hardware & Networks Agency Manager Salary 0 - 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.5 L/yr

Last Updated: 16 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Agency Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Agency Manager Salary 0 - 8 years exp. (337 salaries)	₹2.5 L/yr - ₹4 L/yr 18% less
Niva Bupa Health Insurance Company Agency Manager Salary 0 - 8 years exp. (274 salaries)	₹2.7 L/yr - ₹4.8 L/yr 4% less	1 job opening
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SBI Life Insurance Company Agency Manager Salary 1 - 13 years exp. (221 salaries)	₹2.8 L/yr - ₹5 L/yr 1% less	1 job opening
Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 6 years exp. (177 salaries)	₹1.8 L/yr - ₹4 L/yr 34% less
HDFC Ergo General Insurance Agency Manager Salary 0 - 9 years exp. (186 salaries)	₹2 L/yr - ₹5.5 L/yr 2% less
Axis Max Life Insurance Agency Manager Salary 2 - 12 years exp. (160 salaries)	₹2.2 L/yr - ₹6.5 L/yr 8% more
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (157 salaries)	₹2.5 L/yr - ₹5.3 L/yr 1% more
HDFC Life Agency Manager Salary 0 - 7 years exp. (84 salaries)	₹1.8 L/yr - ₹7 L/yr 4% less	1 job opening
Star Health & Allied Insurance Agency Manager Salary 0 - 10 years exp. (35 salaries)	₹2.4 L/yr - ₹4.8 L/yr 12% less
Reliance Nippon Life Insurance Agency Manager Salary 0 - 5 years exp. (33 salaries)	₹1.8 L/yr - ₹4 L/yr 27% less
Kotak Mahindara Life Insurance Agency Manager Salary 0 - 15 years exp. (26 salaries)	₹2 L/yr - ₹7.6 L/yr 22% less
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Bajaj Allianz General Insurance Agency Manager Salary 3 - 13 years exp. (16 salaries)	₹3.5 L/yr - ₹6.5 L/yr 26% more
Tata AIG Agency Manager Salary 0 - 4 years exp. (15 salaries)	₹2.5 L/yr - ₹4.8 L/yr 1% more
ICICI Lombard General Insurance Company Agency Manager Salary 0 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹6 L/yr 3% more
Shriram Life Insurance Agency Manager Salary 7 - 13 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 4% less
Tata AIA Life Insurance Agency Manager Salary 5 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹5.1 L/yr 24% more
The Oriental Insurance Co. Agency Manager Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹7.1 L/yr 72% more
Aditya Birla Insurance Brokers Agency Manager Salary 2 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹2.4 L/yr 40% less

Agency Manager salary at Bajaj Allianz Life Insurance ranges between ₹2.5 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 8 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Agency Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.5 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.1 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹7 L/yr

View all

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₹3.45 L/yr - ₹13.56 L/yr

Marketing Manager Salary

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₹3.5 L/yr - ₹7.36 L/yr

Territory Manager Salary

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Area Business Manager Salary

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₹3.2 L/yr - ₹10 L/yr

Top skills at Bajaj Allianz Life Insurance for Agency Manager

Life Insurance Agency Management agency Agency Channel Tied Channel Relationship Management RPD Bfsi Sales Team Handling Insurance Sales Team Building Life Insurance Insurance Broking Insurance Sales Pressure Handling

Salary related reviews for Bajaj Allianz Life Insurance

1.1

Rated by 3 employees for salary & benefits

Relationship Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 29 Feb 2024

1.0

for Salary and Benefits

Likes

I respect the Bajaj Allianz Life insurance because company was selected to grow my career I love the Bajaj Allianz Life insurance products where we give best return to customers.

Dislikes

... Bajaj Allianz Life insurance company is best fastest growing company in india. But the managers working culture is dengerous because the managers are Black mail with employees salary, one of my manager was directly telling that if I do business then only I get salary, And this is the company policy he was telling is it my dear company CEO, In business sales the tarcher is common but who will blame with employees salary. And check the trainers quality.

Salary - Bad

+6 more

Sales Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 22 Sep 2023

1.0

for Salary and Benefits

Likes

If you are doing at least one policy per month of min 5k then no one is going to fire you. Products of Bajaj Allianz Life Insurance is good.

Dislikes

...manager on Sat and Sun. So there is no work no life no balance. Growth is none. No salary increments. Very very very low salary. Incentives earning is very much difficult. By any chance if you entered into the life insurance industry and especially into Agency channel then life worst. Extensive traveling across the city on your own expenses. Very hectic job

Salary - Bad

+6 more

Business Development Manager in Bokaro

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 16 Nov 2023

5.0

for Salary and Benefits

Likes

Good salary, nice incentive structure and promotion structure

Salary - Excellent

+4 more

Dislikes

No proper training , no support in business hence we lack in aquaring business as compared to Max life insurance aur competitors in axis bank channel.

Business Development Manager in Narnaul

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 May 2023

5.0

for Salary and Benefits

Likes

You get salary on time.

Salary - Excellent

+1 more

Dislikes

No one( Sr. Management) cares about you,they just need business that too what they ask from you " no need based selling". Rather then that there are meetings meetings and meetings for the sales team.

Skill development - Bad

+4 more

Senior Business Development Manager in Soro

Full Time

Sales & Business Development Department

5.0

• posted on 13 Sep 2022

4.0

for Salary and Benefits

Likes

Best product Friendly atmosphere Career growth Highest solvency retio Best claim settlement Best Hr service Etc....

Salary - Good

+6 more

Dislikes

One thing is internal career and salary growth is little bit slow.. If we have potential to prove ourselves in changing our label in our own company. Then stay with us.... Otherwise Employees are trying for other companies only for career and financial growth.

see more salary related reviews

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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 Life Insurance Agency Manager Salary FAQs

What is the salary of Agency Manager at Bajaj Allianz Life Insurance ?

The average salary of a Agency Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹2.5 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Agency Manager at Bajaj Allianz Life Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Agency Manager Salaries at Bajaj Allianz Life 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 8 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Agency Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹29,139 to ₹30,516 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher 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 8 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Agency Manager at Bajaj Allianz Life Insurance ?

To be a Agency Manager at Bajaj Allianz Life Insurance in india, the key skills required include:

- Life Insurance
- Agency Management
- agency
- Agency Channel
- Tied Channel

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Agency Manager in India?

The Oriental Insurance Co.	₹1.9 Lakhs to ₹7.1 Lakhs per year
Bajaj Allianz General Insurance	₹3.5 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance	₹4.8 Lakhs to ₹5.1 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.4 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 Life Insurance, depending on the role and experience level.

What is the salary of a Agency Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Agency Manager at companies similar to Bajaj Allianz Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIG	₹2.5 Lakhs to ₹4.8 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹5.3 Lakhs per year
SBI Life Insurance Company	₹2.8 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance	₹2.0 Lakhs to ₹5.5 Lakhs per year
Shriram Life Insurance	₹2.4 Lakhs to ₹5.0 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 Agency Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹5.5 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹2.5 Lakhs to ₹6.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹4.0 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Agency Manager salary in India ranges between ₹2.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.