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Bajaj Allianz Life Insurance Assistant Branch Manager salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹5 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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19% more than the average Assistant Branch Manager Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Branch Manager Salary
2 - 7 years exp. (5 salaries)
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₹5 L/yr - ₹6.5 L/yr

Sales & Business Development
Assistant Branch Manager Salary
7 - 10 years exp. (5 salaries)
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₹5 L/yr - ₹8.5 L/yr

Finance & Accounting
Assistant Branch Manager Salary
1 - 5 years exp. (AmbitionBox Estimate)
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₹6.1 L/yr - ₹7 L/yr

Marketing & Communication
Assistant Branch Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7 L/yr

Last Updated: 18 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Assistant Branch Manager

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹7.5 L/yr

arrow icon 5% more
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₹4 L/yr - ₹7.8 L/yr

arrow icon 10% less
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₹4.3 L/yr - ₹8.5 L/yr

arrow icon 9% more
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₹4.8 L/yr - ₹8.1 L/yr

arrow icon 6% more
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₹5 L/yr - ₹9.8 L/yr

arrow icon 17% more
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HDFC Life Assistant Branch Manager Salary

3 - 12 years exp. (28 salaries)

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₹3.8 L/yr - ₹7.5 L/yr

arrow icon 6% less
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₹2.2 L/yr - ₹5.5 L/yr

arrow icon 35% less
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₹4.5 L/yr - ₹9.9 L/yr

arrow icon 16% more
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₹3.3 L/yr - ₹6 L/yr

arrow icon 19% less
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₹5 L/yr - ₹8 L/yr

arrow icon 12% more
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₹2.4 L/yr - ₹12 L/yr

arrow icon 17% more
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₹2.6 L/yr - ₹5 L/yr

arrow icon 40% less
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₹5.5 L/yr - ₹6.5 L/yr

arrow icon 1% less
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Tata AIG Assistant Branch Manager Salary

7 - 9 years exp. (3 salaries)

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₹4.3 L/yr - ₹5.8 L/yr

arrow icon 14% less
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₹5.8 L/yr - ₹7 L/yr

arrow icon 3% less
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₹5.1 L/yr - ₹6.1 L/yr

arrow icon 5% less
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₹9.2 L/yr - ₹11.7 L/yr

arrow icon 70% more
Assistant Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 14 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Assistant Branch Manager

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Experience wise Bajaj Allianz Life Insurance Assistant Branch Manager salaries

Last Updated: 18 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.4 L/yr - ₹7 L/yr
2 years (AmbitionBox Estimate)

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₹5 L/yr - ₹10.7 L/yr
3 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
5 years  (3 salaries)

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₹2.4 L/yr - ₹7 L/yr
View all
Bajaj Allianz Life Insurance Assistant Branch Manager Salary and Career Growth

From

To

Assistant Branch Manager

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1 - 10 years exp.

Chief Branch Manager

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10 - 21 years exp.

Assistant Branch Manager

1 - 10 years exp.
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Branch Manager

7 - 18 years exp.
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arrow icon 37% hike

Senior Branch Manager

9 - 21 years exp.
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arrow icon 29% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bajaj Allianz Life Insurance

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₹1.8 L/yr - ₹3.5 L/yr
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₹6 L/yr - ₹15.26 L/yr
Branch Manager Salary
(126 salaries)
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₹4.5 L/yr - ₹12.85 L/yr
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₹3.45 L/yr - ₹13.56 L/yr
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₹2.4 L/yr - ₹4.5 L/yr
Cluster Manager Salary
(98 salaries)
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₹4.2 L/yr - ₹14.3 L/yr
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₹4.5 L/yr - ₹6 L/yr
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₹2.55 L/yr - ₹6.2 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹12.2 L/yr - ₹15.5 L/yr
Area Manager Salary
(211 salaries)
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₹5 L/yr - ₹16.5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.3

Rated by 3 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 08 Jan 2025

5.0
 for  Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

read more
  • Salary - Excellent
  • +3 more

Dislikes

Nothing as of now.

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.

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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.

read more
  • Salary - Bad
  • +6 more

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.

read more

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

read more
  • Salary - Bad
  • +6 more

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.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 25 Jun 2023

5.0
 for  Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

read more
  • Salary - Excellent
  • +6 more

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

see more salary related reviews

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Bajaj Allianz Life Insurance Assistant Branch Manager Salary FAQs

What is the salary of Assistant Branch Manager at Bajaj Allianz Life Insurance ?
The average salary of a Assistant Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹5.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Assistant Branch Manager at Bajaj Allianz Life Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Assistant Branch 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 10+ Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Assistant Branch Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Assistant Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹45,587 to ₹46,669 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 1 year to 10 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 10+ salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bajaj Allianz Life Insurance for Assistant Branch Manager in India?
The Oriental Insurance Co. ₹9.2 Lakhs to ₹11.7 Lakhs per year
SBI Life Insurance Company ₹2.4 Lakhs to ₹12.0 Lakhs per year
Tata AIA Life Insurance ₹5.0 Lakhs to ₹9.8 Lakhs per year
Aditya Birla Health Insurance Co ₹4.5 Lakhs to ₹9.9 Lakhs per year
Axis Max Life Insurance ₹5.0 Lakhs to ₹8.0 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 Assistant Branch Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Assistant Branch 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:

Kotak Mahindara Life Insurance ₹4.3 Lakhs to ₹8.5 Lakhs per year
Niva Bupa Health Insurance Company ₹4.8 Lakhs to ₹8.1 Lakhs per year
Reliance Nippon Life Insurance ₹4.0 Lakhs to ₹7.5 Lakhs per year
ICICI Lombard General Insurance Company ₹5.5 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.8 Lakhs to ₹7.0 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 Assistant Branch Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a Assistant Branch Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Assistant Branch Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
1 year ₹2.4 Lakhs to ₹7.0 Lakhs per year
2 years ₹5.0 Lakhs to ₹10.7 Lakhs per year
3 years ₹5.4 Lakhs to ₹6.8 Lakhs per year
4 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Assistant Branch Manager salary in India ranges between ₹5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.