Bajaj Allianz Life Insurance Chennai Branch Manager Salaries by 7 Employees (Updated 2025)

7 - 17 years exp.

₹7.2 Lakhs - ₹12.1 Lakhs

Salary of majority employees

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19% less than the average Branch Manager Salary in Insurance Companies for 7 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 7 - 17 years exp. (6 salaries)	Unlock ₹8.1 L/yr - ₹12.1 L/yr
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Sales & Business Development Branch Manager Salary 10 years exp. (AmbitionBox Estimate)	Unlock ₹7.2 L/yr - ₹10.2 L/yr

Last Updated: 5 Sep 2024

Companies similar to Bajaj Allianz Life Insurance for Branch Manager in Chennai

Bajaj Allianz Life Insurance Branch Manager Salary

7 - 17 years exp. (7 salaries)

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₹7.2 L/yr - ₹12.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 18 years exp. (29 salaries)	Unlock ₹6.4 L/yr - ₹11 L/yr 10% more
SBI Life Insurance Company Branch Manager Salary 15 - 24 years exp. (3 salaries)	Unlock ₹7.5 L/yr - ₹14 L/yr 30% more
Login to view exact salary
Star Health & Allied Insurance Branch Manager Salary 7 - 17 years exp. (18 salaries)	Unlock ₹4.5 L/yr - ₹9.5 L/yr 9% less	1 job opening
Reliance Nippon Life Insurance Branch Manager Salary 7 - 16 years exp. (16 salaries)	Unlock ₹4.5 L/yr - ₹10 L/yr 10% less
Kotak Mahindara Life Insurance Branch Manager Salary 4 - 13 years exp. (14 salaries)	Unlock ₹5.5 L/yr - ₹8.5 L/yr 10% less	1 job opening
Aditya Birla Health Insurance Co Branch Manager Salary 7 - 13 years exp. (10 salaries)	Unlock ₹7.5 L/yr - ₹10.5 L/yr 3% more
HDFC Ergo General Insurance Branch Manager Salary 10 - 15 years exp. (5 salaries)	Unlock ₹5.8 L/yr - ₹11 L/yr 6% more
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 11 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹9.3 L/yr 4% less	3 job openings

Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹7.2 Lakhs to ₹12.1 Lakhs per year for employees with experience between 7 years to 17 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries in Chennai

Last Updated: 5 Sep 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹10.2 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹10.2 L/yr
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9 years (AmbitionBox Estimate)	Unlock ₹7.3 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹7.2 L/yr - ₹14.7 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹7.5 L/yr - ₹9.6 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹9.7 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹7.7 L/yr - ₹9.8 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹7.8 L/yr - ₹10 L/yr
15+ years (3 salaries)	Unlock ₹3.6 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

Branch Sales Manager Salary

(7 salaries)

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₹3 L/yr - ₹5.2 L/yr

Area Manager Salary

(7 salaries)

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₹6 L/yr - ₹12.5 L/yr

Branch Head Salary

(3 salaries)

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₹7.5 L/yr - ₹11 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

5.0

Rated by 1 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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Bajaj Allianz Life Insurance Branch Manager Salary FAQs

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

Branch Manager salary at Bajaj Allianz Life Insurance in Chennai ranges between ₹7.2 Lakhs to ₹12.1 Lakhs for experience between 7 years to 17 years. According to our estimates it is 19% less than the average Branch Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Allianz Life Insurance Chennai.

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

The average salary of a Branch Manager at Bajaj Allianz Life Insurance is 19% less than the average salary of a Branch Manager in Chennai. 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 Chennai.

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

SBI Life Insurance Company Branch Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
HDFC Life Branch Manager Salary - ₹6.4 Lakhs to ₹11.0 Lakhs per year
HDFC Ergo General Insurance Branch Manager Salary - ₹5.8 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Health Insurance Co Branch Manager Salary - ₹7.5 Lakhs to ₹10.5 Lakhs per year

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

ICICI Lombard General Insurance Company Branch Manager Salary - ₹5.0 Lakhs to ₹9.3 Lakhs per year
Star Health & Allied Insurance Branch Manager Salary - ₹4.5 Lakhs to ₹9.5 Lakhs per year
Kotak Mahindara Life Insurance Branch Manager Salary - ₹5.5 Lakhs to ₹8.5 Lakhs per year
Reliance Nippon Life Insurance Branch Manager Salary - ₹4.5 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Branch Manager at Bajaj Allianz Life Insurance ranges between ₹62,988 per month to ₹64,590 per month in Chennai. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Branch Manager salary in India which ranges between ₹7.2 Lakhs to ₹12.1 Lakhs per year for employees with experience between 7 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Bajaj Allianz Life Insurance Branch Managers in Chennai reported a notice period of 15 days or less, 50% 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 Branch Manager Salaries in Chennai

Bajaj Allianz Life Insurance Branch Manager salary in Chennai ranges between ₹7.2 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.