Bajaj Allianz Life Insurance Branch Manager Salaries by 100+ Employees (Updated 2024)

7 - 20 years exp.

₹4.5 Lakhs - ₹12.9 Lakhs

Salary of majority employees

8% 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. (56 salaries)	₹4.5 L/yr - ₹12.3 L/yr
Sales & Business Development Branch Manager Salary 7 - 20 years exp. (45 salaries)	₹5 L/yr - ₹11.3 L/yr
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Customer Success, Service & Operations Branch Manager Salary 7 - 13 years exp. (3 salaries)	₹8.3 L/yr - ₹12 L/yr
Marketing & Communication Branch Manager Salary 12 - 15 years exp. (3 salaries)	₹6 L/yr - ₹10 L/yr

Last Updated: 15 Dec 2024

Companies similar to Bajaj Allianz Life Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 8 - 17 years exp. (247 salaries)	₹5.5 L/yr - ₹12.5 L/yr 11% more
ICICI Prudential Life Insurance Branch Manager Salary 7 - 18 years exp. (242 salaries)	₹6.3 L/yr - ₹18 L/yr 46% more
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SBI Life Insurance Company Branch Manager Salary 7 - 21 years exp. (166 salaries)	₹6.5 L/yr - ₹15 L/yr 20% more
Max Life Insurance Branch Manager Salary 6 - 17 years exp. (141 salaries)	₹6.4 L/yr - ₹14 L/yr 20% more	4 job openings
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (89 salaries)	₹5 L/yr - ₹16 L/yr 39% more	17 job openings
HDFC Ergo General Insurance Branch Manager Salary 8 - 18 years exp. (213 salaries)	₹4.7 L/yr - ₹14 L/yr 6% more	2 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (195 salaries)	₹5.5 L/yr - ₹13 L/yr 8% more	1 job opening
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (211 salaries)	₹4.5 L/yr - ₹12.8 L/yr 7% more
Reliance Nippon Life Insurance Branch Manager Salary 8 - 18 years exp. (183 salaries)	₹3.8 L/yr - ₹10 L/yr 11% less	2 job openings
Care Health Insurance Branch Manager Salary 3 - 17 years exp. (151 salaries)	₹4 L/yr - ₹8.1 L/yr 32% less	1 job opening
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (153 salaries)	₹5.5 L/yr - ₹12.5 L/yr 6% more
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Star Health & Allied Insurance Branch Manager Salary 6 - 17 years exp. (233 salaries)	₹4 L/yr - ₹12 L/yr 11% less	3 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 14 years exp. (127 salaries)	₹4.5 L/yr - ₹12 L/yr 7% more
Shriram Life Insurance Branch Manager Salary 6 - 14 years exp. (67 salaries)	₹3 L/yr - ₹10 L/yr 31% less	1 job opening
PNB MetLife Branch Manager Salary 7 - 19 years exp. (54 salaries)	₹6 L/yr - ₹14 L/yr 16% more
Life Insurance Corporation of India Branch Manager Salary 9 - 31 years exp. (18 salaries)	₹7.6 L/yr - ₹28 L/yr 103% more
SBI General Insurance Branch Manager Salary 6 - 16 years exp. (16 salaries)	₹5.8 L/yr - ₹10.5 L/yr 4% less
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (12 salaries)	₹8 L/yr - ₹18.5 L/yr 81% more
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹9 L/yr - ₹20 L/yr 69% more
The Oriental Insurance Co. Branch Manager Salary 9 - 30 years exp. (4 salaries)	₹11.2 L/yr - ₹12.9 L/yr 53% more

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 136 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
7 years (11 salaries)	₹4.5 L/yr - ₹10.2 L/yr
8 years (10 salaries)	₹6 L/yr - ₹10.2 L/yr
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9 years (11 salaries)	₹6 L/yr - ₹10.8 L/yr
10 years (21 salaries)	₹4.7 L/yr - ₹12.5 L/yr
11 years (10 salaries)	₹6 L/yr - ₹11 L/yr
12 years (18 salaries)	₹5 L/yr - ₹12.9 L/yr
13 years (12 salaries)	₹5.1 L/yr - ₹12 L/yr
14 years (17 salaries)	₹6.7 L/yr - ₹11 L/yr
15+ years (26 salaries)	₹6 L/yr - ₹11.5 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Area Manager Salary

(200 salaries)

₹5 L/yr - ₹14 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹6.7 L/yr - ₹8.5 L/yr

Sales Manager Salary

(207 salaries)

₹1.55 L/yr - ₹7 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Branch Head Salary

(30 salaries)

₹6 L/yr - ₹13 L/yr

Deputy Manager Salary

(333 salaries)

₹4.5 L/yr - ₹16.5 L/yr

Chief Manager Salary

(48 salaries)

₹12.5 L/yr - ₹38 L/yr

Branch Sales Manager Salary

(194 salaries)

₹2.55 L/yr - ₹6 L/yr

Senior Branch Manager Salary

(133 salaries)

₹6 L/yr - ₹15.26 L/yr

Deputy Branch Manager Salary

(7 salaries)

₹5 L/yr - ₹7 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 Recruitment Agency Sales Direct Sales Team Handling Life Insurance Marketing Agency Sales

Salary related reviews for Bajaj Allianz Life Insurance

3.8

Rated by 54 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.

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

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

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.

Dislikes

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

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.

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 8% less than the average Branch Manager Salary in India. Salary estimates are based on 136 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 8% 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 - ₹7.6 Lakhs to ₹28.0 Lakhs per year
The New India Assurance Co. Branch Manager Salary - ₹8.0 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 ₹18.0 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 ₹16.0 Lakhs per year
Max Life Insurance Branch Manager Salary - ₹6.4 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
PNB MetLife Branch Manager Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.5 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 ₹61,549 per month to ₹63,110 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, 47% of the Bajaj Allianz Life Insurance Branch Managers reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 118 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 136 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Branch Manager salaries in India

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

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Senior Relationship Manager in Hyderabad / Secunderabad

Business Development Manager in Narnaul

Bajaj Allianz Life Insurance Branch Manager Salary FAQs

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Bajaj Allianz Life Insurance Branch Manager Salaries by Location