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based on 5.1k Reviews

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Bajaj Allianz Life Insurance Bancassurance Business Development Manager salaries in India (Updated 2025)

Annual salary range
0 - 4 years exp.
₹3 Lakhs - ₹4.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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18% less than the average Bancassurance Business Development Manager Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Bancassurance Business Development Manager Salary
0 - 1 year exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Sales & Business Development
Bancassurance Business Development Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.1 L/yr

Last Updated: 12 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Bancassurance Business Development Manager

Company name Avg Annual Salary Open Jobs
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SBI Life Insurance Company Bancassurance Business Development Manager Salary

2 - 8 years exp. (9 salaries)
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₹2.8 L/yr - ₹5.5 L/yr

arrow icon 40% more
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Axis Max Life Insurance Bancassurance Business Development Manager Salary

8 - 15 years exp. (4 salaries)
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₹4.2 L/yr - ₹5.8 L/yr

arrow icon 49% more
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Kotak Mahindara Life Insurance Bancassurance Business Development Manager Salary

7 - 17 years exp. (4 salaries)
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₹6.8 L/yr - ₹12 L/yr

arrow icon 169% more
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Aditya Birla Sun Life Insurance Bancassurance Business Development Manager Salary

4 - 6 years exp. (3 salaries)
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₹2.9 L/yr - ₹3.7 L/yr

arrow icon 4% less
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SBI General Insurance Bancassurance Business Development Manager Salary

0 - 5 years exp. (9 salaries)
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₹2.7 L/yr - ₹4 L/yr

arrow icon 1% less
Bancassurance Business Development Manager salary at Bajaj Allianz Life Insurance ranges between ₹3 Lakhs to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Bancassurance Business Development Manager

3d ago
₹3 Lakhs
1 year exp.
1mo ago
₹4.1 Lakhs
4 years exp.
2mo ago
₹3 Lakhs
8 months exp.
3mo ago
₹3.6 Lakhs
3 years exp.

Experience wise Bajaj Allianz Life Insurance Bancassurance Business Development Manager salaries

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹5.5 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.1 L/yr

Similar Designation salaries in Bajaj Allianz Life Insurance

Senior Business Development Manager Salary
(200 salaries)
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₹4 L/yr - ₹6.8 L/yr
Business Development Manager Salary
(135 salaries)
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₹3 L/yr - ₹6 L/yr
Senior Business Development Executive Salary
(4 salaries)
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₹4.25 L/yr - ₹4.5 L/yr
Business Development Associate Salary
(4 salaries)
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₹1 L/yr - ₹4 L/yr
Business Development Executive Salary
(13 salaries)
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₹2.4 L/yr - ₹4.1 L/yr
Area Business Manager Salary
(4 salaries)
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₹3.2 L/yr - ₹10 L/yr
Business Manager Salary
(4 salaries)
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₹4.5 L/yr - ₹5.15 L/yr
Assistant Sales Manager Salary
(21 salaries)
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₹1.8 L/yr - ₹3.5 L/yr
Zonal Sales Manager Salary
(4 salaries)
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₹12 L/yr - ₹38 L/yr
Territory Sales Manager Salary
(9 salaries)
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₹4.9 L/yr - ₹9.1 L/yr

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.

read more

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

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.

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

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.

read more

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.

read more
  • 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.

read more
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New offer. Confused.
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 Bancassurance Business Development Manager Salary FAQs

What is the salary of Bancassurance Business Development Manager at Bajaj Allianz Life Insurance ?
The average salary of a Bancassurance Business Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹4.1 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Bancassurance Business Development Manager at Bajaj Allianz Life Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Bancassurance Business Development 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 5 Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Bancassurance Business Development Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Bancassurance Business Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹24,615 to ₹26,059 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from Fresher to 4 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 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 Bancassurance Business Development Manager in India?
Kotak Mahindara Life Insurance ₹6.8 Lakhs to ₹12.0 Lakhs per year
Axis Max Life Insurance ₹4.2 Lakhs to ₹5.8 Lakhs per year
SBI Life Insurance Company ₹2.8 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 Life Insurance, depending on the role and experience level.
What is the salary of a Bancassurance Business Development Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Bancassurance Business Development 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:

SBI General Insurance ₹2.7 Lakhs to ₹4.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.9 Lakhs to ₹3.7 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 Bancassurance Business Development Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a Bancassurance Business Development Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Bancassurance Business Development Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
Fresher ₹3.0 Lakhs to ₹3.0 Lakhs per year
1 year ₹3.0 Lakhs to ₹5.5 Lakhs per year
2 years ₹3.0 Lakhs to ₹3.8 Lakhs per year
3 years ₹3.6 Lakhs to ₹3.8 Lakhs per year
and so on.

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Bajaj Allianz Life Insurance Bancassurance Business Development Manager Salaries by Location

Bajaj Allianz Life Insurance Bancassurance Business Development Manager salary in India ranges between ₹3 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.