Bajaj Allianz Life Insurance Mumbai Agency Manager Salaries by 4 Employees (Updated 2025)

3 - 11 years exp.

₹4 Lakhs - ₹7 Lakhs

Salary of majority employees

44% more than the average Agency Manager Salary in Insurance Companies for 3 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agency Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹7 L/yr
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Sales & Business Development Agency Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.5 L/yr

Last Updated: 12 Dec 2024

Companies similar to Bajaj Allianz Life Insurance for Agency Manager in Mumbai

Bajaj Allianz Life Insurance Agency Manager Salary

3 - 11 years exp. (4 salaries)

₹4 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (59 salaries)	₹2.4 L/yr - ₹5.3 L/yr 18% less
HDFC Life Agency Manager Salary 2 - 7 years exp. (3 salaries)	₹1.8 L/yr - ₹7 L/yr 15% less
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Max Life Insurance Agency Manager Salary 3 - 14 years exp. (24 salaries)	₹3.5 L/yr - ₹6.5 L/yr 10% less
Kotak Mahindara Life Insurance Agency Manager Salary 0 - 13 years exp. (5 salaries)	₹2 L/yr - ₹7.4 L/yr 32% less	1 job opening
Reliance Nippon Life Insurance Agency Manager Salary 0 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3.1 L/yr 38% less
Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 8 years exp. (29 salaries)	₹2.3 L/yr - ₹3 L/yr 47% less
Aditya Birla Health Insurance Co Agency Manager Salary 0 - 7 years exp. (27 salaries)	₹2.6 L/yr - ₹4 L/yr 31% less
Care Health Insurance Agency Manager Salary 0 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4 L/yr 32% less	1 job opening
HDFC Ergo General Insurance Agency Manager Salary 0 - 7 years exp. (8 salaries)	₹2.6 L/yr - ₹4 L/yr 24% less

Agency Manager salary at Bajaj Allianz Life Insurance ranges between ₹4 Lakhs to ₹7 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Agency Manager salaries in Mumbai

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.4 L/yr
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5 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.1 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(71 salaries)

₹5 L/yr - ₹16 L/yr

Sales Manager Salary

(19 salaries)

₹2.4 L/yr - ₹5 L/yr

Territory Manager Salary

(15 salaries)

₹4.45 L/yr - ₹10 L/yr

Branch Manager Salary

(13 salaries)

₹5.1 L/yr - ₹12 L/yr

Area Manager Salary

(12 salaries)

₹5 L/yr - ₹13 L/yr

Regional Manager Salary

(7 salaries)

₹15 L/yr - ₹23 L/yr

Area Sales Manager Salary

(4 salaries)

₹5 L/yr - ₹12 L/yr

Top skills at Bajaj Allianz Life Insurance for Agency Manager

Life Insurance Agency Management agency Agency Channel Tied Channel Relationship Management Team Handling Insurance Sales Team Building Pressure Handling Recruitment Consulting Sales Agency Sales Convincing Power

Salary related reviews for Bajaj Allianz Life Insurance

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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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bajaj Allianz Life Insurance Agency Manager Salary FAQs

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

Agency Manager salary at Bajaj Allianz Life Insurance in Mumbai ranges between ₹4.0 Lakhs to ₹7.0 Lakhs for experience between 3 years to 11 years. According to our estimates it is 44% more than the average Agency Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance Mumbai.

How does the salary of a Agency Manager at Bajaj Allianz Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Agency Manager at Bajaj Allianz Life Insurance is 44% more than the average salary of a Agency Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Agency Manager at Bajaj Allianz Life Insurance?

Life Insurance, Agency Management, agency, Agency Channel and Tied Channel are some of the popular skills required to work as a Agency Manager at Bajaj Allianz Life Insurance Mumbai.

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

Max Life Insurance Agency Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
HDFC Life Agency Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance Agency Manager Salary - ₹2.4 Lakhs to ₹5.3 Lakhs per year
HDFC Ergo General Insurance Agency Manager Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year
Aditya Birla Health Insurance Co Agency Manager Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Agency Manager at Bajaj Allianz Life Insurance ranges between ₹36,634 per month to ₹37,849 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Agency Manager salary in India which ranges between ₹4.0 Lakhs to ₹7.0 Lakhs per year for employees with experience between 3 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Agency Manager at Bajaj Allianz Life Insurance in Mumbai?

According to AmbitionBox, 100% of the Bajaj Allianz Life Insurance Agency Managers in Mumbai reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Agency Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Agency Manager salary in Mumbai ranges between ₹4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.