Bajaj Allianz Life Insurance New Delhi Branch Manager Salaries by 6 Employees (Updated 2025)

6 - 10 years exp.

₹7.5 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

9% less than the average Branch Manager Salary in Insurance Companies for 6 - 10 years of experience

Interested in this particular role? 25 job openings

Salaries in different departments

Sales & Business Development Branch Manager Salary 6 - 10 years exp. (4 salaries)	₹7.5 L/yr - ₹12 L/yr
BFSI, Investments & Trading Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹10.2 L/yr
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Marketing & Communication Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹10 L/yr

Last Updated: 13 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Branch Manager in New Delhi

Bajaj Allianz Life Insurance Branch Manager Salary

6 - 10 years exp. (6 salaries)

₹7.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (44 salaries)	₹6.3 L/yr - ₹16.3 L/yr 34% more
HDFC Life Branch Manager Salary 6 - 18 years exp. (43 salaries)	₹6.2 L/yr - ₹12 L/yr 4% more
Login to view exact salary
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 16 years exp. (20 salaries)	₹7 L/yr - ₹12.5 L/yr 1% more	6 job openings
Reliance Nippon Life Insurance Branch Manager Salary 7 - 17 years exp. (18 salaries)	₹5 L/yr - ₹9.5 L/yr 23% less
Kotak Mahindara Life Insurance Branch Manager Salary 5 - 18 years exp. (17 salaries)	₹7.5 L/yr - ₹11.5 L/yr At par
Star Health & Allied Insurance Branch Manager Salary 8 - 15 years exp. (13 salaries)	₹6 L/yr - ₹11.7 L/yr 7% less
Niva Bupa Health Insurance Company Branch Manager Salary 8 - 16 years exp. (11 salaries)	₹7.7 L/yr - ₹12 L/yr 15% more
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (10 salaries)	₹8.5 L/yr - ₹13 L/yr 7% more	1 job opening
Aditya Birla Health Insurance Co Branch Manager Salary 8 - 13 years exp. (7 salaries)	₹7 L/yr - ₹11.4 L/yr 2% more
HDFC Ergo General Insurance Branch Manager Salary 12 - 17 years exp. (7 salaries)	₹6.3 L/yr - ₹9 L/yr 13% less
SBI Life Insurance Company Branch Manager Salary 8 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹9.6 L/yr 3% less
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Tata AIA Life Insurance Branch Manager Salary 13 - 16 years exp. (5 salaries)	₹9.5 L/yr - ₹13 L/yr 28% more	13 job openings
Shriram Life Insurance Branch Manager Salary 7 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹8 L/yr 19% less	2 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 7 - 13 years exp. (4 salaries)	₹6.8 L/yr - ₹9.1 L/yr 13% less

Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹7.5 Lakhs to ₹12 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries in New Delhi

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
7 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
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8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
9 years (3 salaries)	₹7.5 L/yr - ₹10.6 L/yr
10 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr

From

Branch Manager

₹

Lakhs/yr

6 - 18 years exp.

Chief Branch Manager

₹

Lakhs/yr

10 - 21 years exp.

Branch Manager 6 - 18 years exp.

Senior Branch Manager 9 - 21 years exp.

24% hike

Chief Branch Manager 10 - 21 years exp.

23% 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

Sales Manager Salary

(27 salaries)

₹2.25 L/yr - ₹5 L/yr

Deputy Manager Salary

(21 salaries)

₹6.3 L/yr - ₹16.5 L/yr

Branch Sales Manager Salary

(13 salaries)

₹3.5 L/yr - ₹5.5 L/yr

Senior Branch Manager Salary

(8 salaries)

₹7.5 L/yr - ₹13.5 L/yr

Area Manager Salary

(8 salaries)

₹5.75 L/yr - ₹16.5 L/yr

Branch Head Salary

(7 salaries)

₹10 L/yr - ₹13 L/yr

Deputy Branch Manager Salary

(4 salaries)

₹5 L/yr - ₹8.5 L/yr

Chief Manager Salary

(3 salaries)

₹18 L/yr - ₹33 L/yr

Top skills at Bajaj Allianz Life Insurance for Branch Manager

Life Insurance Team Handling Agency Sales Life Insurance Branch Management Team Handling Insurance Sales Agency Management Travel Agency Team Management Salesforce Sales Branch Sales Team Leading Team Management

Salary related reviews for Bajaj Allianz Life Insurance

4.0

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Bajaj Allianz Life Insurance Branch Manager Salary FAQs

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

The average salary of a Branch Manager at Bajaj Allianz Life Insurance in New Delhi typically ranges from ₹7.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Branch Manager in New Delhi at Bajaj Allianz Life Insurance earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. 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 6 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Branch Manager at Bajaj Allianz Life Insurance in New Delhi typically ranges from ₹69,128 to ₹70,903 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 6 years 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 6 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Manager at Bajaj Allianz Life Insurance in New Delhi?

To be a Branch Manager at Bajaj Allianz Life Insurance in New Delhi, the key skills required include:

- Life Insurance
- Team Handling
- Agency Sales
- Life Insurance
- Branch Management

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Branch Manager in India?

ICICI Prudential Life Insurance	₹6.3 Lakhs to ₹16.3 Lakhs per year
Tata AIA Life Insurance	₹9.5 Lakhs to ₹13.0 Lakhs per year
Niva Bupa Health Insurance Company	₹7.7 Lakhs to ₹12.0 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹13.0 Lakhs per year
HDFC Life	₹6.2 Lakhs to ₹12.0 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 Branch Manager in companies similar to Bajaj Allianz Life Insurance in New Delhi?

The salary of a Branch Manager at companies similar to Bajaj Allianz Life Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹7.0 Lakhs to ₹11.4 Lakhs per year
ICICI Lombard General Insurance Company	₹7.0 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance	₹7.5 Lakhs to ₹11.5 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹9.6 Lakhs per year
Star Health & Allied Insurance	₹6.0 Lakhs to ₹11.7 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 Branch Manager at Bajaj Allianz Life Insurance in New Delhi?

The salary growth for a Branch Manager at Bajaj Allianz Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Branch Manager in New Delhi can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience	Average Salary Range
6 years	₹8.1 Lakhs to ₹10.3 Lakhs per year
7 years	₹8.2 Lakhs to ₹10.4 Lakhs per year
8 years	₹8.2 Lakhs to ₹10.5 Lakhs per year
9 years	₹7.5 Lakhs to ₹10.6 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Branch Manager Salaries in New Delhi

Bajaj Allianz Life Insurance Branch Manager salary in New Delhi ranges between ₹7.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

Companies similar to Bajaj Allianz Life Insurance for Branch Manager in New Delhi

Latest annual salaries shared by Bajaj Allianz Life Insurance Branch Manager in New Delhi

Experience wise Bajaj Allianz Life Insurance Branch Manager salaries in New Delhi

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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