Bajaj Allianz Life Insurance Branch Manager Salaries by 100+ Employees (Updated 2025)

7 - 20 years exp.

₹4.5 Lakhs - ₹12.9 Lakhs

Salary of majority employees

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9% less than the average Branch Manager Salary in Insurance Companies for 7 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 7 - 19 years exp. (54 salaries)	Unlock ₹4.5 L/yr - ₹12.9 L/yr
Sales & Business Development Branch Manager Salary 7 - 20 years exp. (48 salaries)	Unlock ₹5 L/yr - ₹12 L/yr
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Marketing & Communication Branch Manager Salary 9 - 15 years exp. (5 salaries)	Unlock ₹6 L/yr - ₹10 L/yr
Customer Success, Service & Operations Branch Manager Salary 7 - 9 years exp. (4 salaries)	Unlock ₹8.3 L/yr - ₹10 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 18 years exp. (260 salaries)	Unlock ₹5.3 L/yr - ₹12.5 L/yr 13% more
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (315 salaries)	Unlock ₹6.3 L/yr - ₹18.8 L/yr 44% more
Login to view exact salary
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (169 salaries)	Unlock ₹6.5 L/yr - ₹15.7 L/yr 28% more
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (139 salaries)	Unlock ₹7 L/yr - ₹14 L/yr 27% more	1 job opening
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (156 salaries)	Unlock ₹5 L/yr - ₹17.7 L/yr 44% more	18 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (214 salaries)	Unlock ₹4.5 L/yr - ₹13 L/yr 6% more	3 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (201 salaries)	Unlock ₹4.5 L/yr - ₹13.5 L/yr 8% more	1 job opening
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (207 salaries)	Unlock ₹3.8 L/yr - ₹11.5 L/yr 10% less
HDFC Ergo General Insurance Branch Manager Salary 9 - 18 years exp. (194 salaries)	Unlock ₹4.7 L/yr - ₹14.5 L/yr 9% more
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (159 salaries)	Unlock ₹6.5 L/yr - ₹12.5 L/yr 7% more

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Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹4.5 Lakhs to ₹12.9 Lakhs per year for employees with experience between 7 years to 20 years. Salary estimates are based on 134 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Branch Manager

3d ago

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8 years exp.

3d ago

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9 years exp.

1w ago

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18 years exp.

2w ago

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10 years exp.

2w ago

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10 years exp.

3w ago

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14 years exp.

3w ago

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10 years exp.

3w ago

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10 years exp.

3w ago

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7 years exp.

1mo ago

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10 years exp.

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
7 years (12 salaries)	Unlock ₹4.5 L/yr - ₹10.2 L/yr
8 years (11 salaries)	Unlock ₹6 L/yr - ₹10.2 L/yr
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9 years (11 salaries)	Unlock ₹6.5 L/yr - ₹10.8 L/yr
10 years (21 salaries)	Unlock ₹4.7 L/yr - ₹12 L/yr
11 years (8 salaries)	Unlock ₹6 L/yr - ₹9 L/yr
12 years (17 salaries)	Unlock ₹5 L/yr - ₹12.9 L/yr
13 years (11 salaries)	Unlock ₹5.1 L/yr - ₹12 L/yr
14 years (14 salaries)	Unlock ₹7 L/yr - ₹11 L/yr
15+ years (29 salaries)	Unlock ₹6 L/yr - ₹12.1 L/yr

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From

Branch Manager

₹

Lakhs/yr

7 - 20 years exp.

Chief Branch Manager

₹

Lakhs/yr

10 - 21 years exp.

Branch Manager 7 - 20 years exp.

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Senior Branch Manager 9 - 21 years exp.

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27% hike

Chief Branch Manager 10 - 21 years exp.

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26% 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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Credit Manager Salary

(AmbitionBox Estimate)

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₹6.7 L/yr - ₹8.5 L/yr

Sales Manager Salary

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₹1.55 L/yr - ₹7 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr

Branch Head Salary

(32 salaries)

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₹6 L/yr - ₹13 L/yr

Deputy Manager Salary

(297 salaries)

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₹4.5 L/yr - ₹16.5 L/yr

Chief Manager Salary

(61 salaries)

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₹12.5 L/yr - ₹38 L/yr

Branch Sales Manager Salary

(165 salaries)

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₹2.55 L/yr - ₹6.2 L/yr

Senior Branch Manager Salary

(151 salaries)

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₹6 L/yr - ₹15.26 L/yr

Deputy Branch Manager Salary

(13 salaries)

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₹5 L/yr - ₹8.5 L/yr

Top skills at Bajaj Allianz Life Insurance for Branch Manager

Life Insurance Team Handling Sales Team Management Agency Channel Insurance Branch Management Agency Management Team Handling Life Insurance Recruitment Agency Sales Direct Sales Agency Management Marketing

Salary related reviews for Bajaj Allianz Life Insurance

3.7

Rated by 58 employees for salary & benefits

Cluster Manager in Kolkata

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.

Salary - Excellent

+3 more

Dislikes

Nothing as of now.

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.

Senior Relationship Manager in Hyderabad / Secunderabad

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.

Salary - Excellent

+6 more

Dislikes

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

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Bajaj Allianz Life Insurance Branch Manager Salary FAQs

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

Branch Manager salary at Bajaj Allianz Life Insurance in India ranges between ₹4.5 Lakhs to ₹12.9 Lakhs for experience between 7 years to 20 years. According to our estimates it is 9% less than the average Branch Manager Salary in India. Salary estimates are based on 134 latest salaries received from various employees of Bajaj Allianz Life Insurance India.

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

The average salary of a Branch Manager at Bajaj Allianz Life Insurance is 9% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

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

Life Insurance, Team Handling, Sales, Team Management and Agency Channel are some of the popular skills required to work as a Branch Manager at Bajaj Allianz Life Insurance India.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Branch Manager in India?

Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
ICICI Prudential Life Insurance Branch Manager Salary - ₹6.3 Lakhs to ₹18.8 Lakhs per year

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

Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife Branch Manager Salary - ₹6.6 Lakhs to ₹13.2 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.3 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Branch Manager at Bajaj Allianz Life Insurance ranges between ₹61,532 per month to ₹63,092 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Branch Manager salary in India which ranges between ₹4.5 Lakhs to ₹12.9 Lakhs per year for employees with experience between 7 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at Bajaj Allianz Life Insurance?

According to AmbitionBox, 44% of the Bajaj Allianz Life Insurance Branch Managers reported a notice period of 3 Months, 27% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 124 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Branch Manager Salaries by Location

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Bajaj Allianz Life Insurance Branch Manager Salaries

Bajaj Allianz Life Insurance Branch Manager salary in India ranges between ₹4.5 Lakhs to ₹12.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 134 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

Companies similar to Bajaj Allianz Life Insurance for Branch Manager

Latest annual salaries shared by Bajaj Allianz Life Insurance Branch Manager

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Top skills at Bajaj Allianz Life Insurance for Branch Manager

Salary related reviews for Bajaj Allianz Life Insurance

Cluster Manager in Kolkata

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Senior Relationship Manager in Hyderabad / Secunderabad

Bajaj Allianz Life Insurance Branch Manager Salary FAQs

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Bajaj Allianz Life Insurance Branch Manager Salaries by Location