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

Annual salary range
0 - 10 years exp.
₹3 Lakhs - ₹6 Lakhs
Salary of majority employees
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43% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Sales & Business Development
Business Development Manager Salary
0 - 10 years exp. (79 salaries)
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₹3.2 L/yr - ₹6 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
0 - 10 years exp. (70 salaries)
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₹3 L/yr - ₹5.5 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
2 - 9 years exp. (17 salaries)
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₹3.9 L/yr - ₹5.3 L/yr

Marketing & Communication
Business Development Manager Salary
1 - 8 years exp. (11 salaries)
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₹3.7 L/yr - ₹4.5 L/yr

Finance & Accounting
Business Development Manager Salary
1 - 10 years exp. (10 salaries)
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₹3.5 L/yr - ₹5.1 L/yr

Last Updated: 8 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 11 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹5 L/yr

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16 job openings
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₹2.3 L/yr - ₹5 L/yr

arrow icon 12% less
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₹1.9 L/yr - ₹7 L/yr

arrow icon 14% more
1 job opening
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₹2 L/yr - ₹8 L/yr

arrow icon 23% more
5 job openings
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₹2 L/yr - ₹7 L/yr

arrow icon 10% less
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₹2.6 L/yr - ₹6.2 L/yr

arrow icon 3% less
1 job opening
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₹3 L/yr - ₹5.5 L/yr

arrow icon 1% less
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₹3.5 L/yr - ₹7 L/yr

arrow icon 21% more
15 job openings
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₹2.2 L/yr - ₹10.3 L/yr

arrow icon 37% more
2 job openings
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₹3.2 L/yr - ₹6 L/yr

arrow icon 7% more
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₹1.5 L/yr - ₹7.2 L/yr

arrow icon 25% less
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₹1.1 L/yr - ₹9.1 L/yr

arrow icon 3% less
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₹1.8 L/yr - ₹6 L/yr

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Tata AIG Business Development Manager Salary

2 - 10 years exp. (18 salaries)

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₹3.1 L/yr - ₹6 L/yr

arrow icon 2% more
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₹1.8 L/yr - ₹7 L/yr

arrow icon 7% less
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₹2.7 L/yr - ₹5.4 L/yr

arrow icon 2% less
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₹2 L/yr - ₹5.8 L/yr

arrow icon 9% less
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 436% more
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₹3.5 L/yr - ₹4.9 L/yr

arrow icon 4% less
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₹7.8 L/yr - ₹10 L/yr

arrow icon 113% more
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Business Development Manager salary at Bajaj Allianz Life Insurance ranges between ₹3 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 249 latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

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Experience wise Bajaj Allianz Life Insurance Business Development Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
Fresher  (10 salaries)

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₹3 L/yr - ₹4.5 L/yr
1 year  (11 salaries)

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₹3 L/yr - ₹5 L/yr
2 years  (26 salaries)

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₹3 L/yr - ₹5.5 L/yr
3 years  (21 salaries)

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₹3 L/yr - ₹5.3 L/yr
4 years  (37 salaries)

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₹3 L/yr - ₹6 L/yr
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Similar Designation salaries in Bajaj Allianz Life Insurance

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₹4 L/yr - ₹6.8 L/yr
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₹1 L/yr - ₹4 L/yr
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₹2.4 L/yr - ₹4.1 L/yr
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₹4.5 L/yr - ₹6 L/yr
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₹12 L/yr - ₹38 L/yr
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₹1.8 L/yr - ₹3.5 L/yr
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₹4.25 L/yr - ₹4.5 L/yr
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₹2.4 L/yr - ₹4.5 L/yr
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₹3.45 L/yr - ₹13.56 L/yr
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₹4.9 L/yr - ₹9.1 L/yr

Top skills at Bajaj Allianz Life Insurance for Business Development Manager

Business Development Management Agency Sales Life Insurance Insurance Agent Recruitment Sales Insurance Sales Finance Sales Management FLS Business Development Marketing Agency Channel Health Insurance agency

Salary related reviews for Bajaj Allianz Life Insurance

3.9

Rated by 99 employees for salary & benefits

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

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

BFSI, Investments & Trading Department

1.0
  •  posted on 13 Apr 2021

5.0
 for  Salary and Benefits

Likes

DARPAN SIR WAS VERY HELPFUL DURING MY JOB. I LOVE THE WAY HE PROVIDES TRAINING. ON-TIME SALARY AND WEEKLY OFF IS THE MOST SATISFYING THINGS IN BAJAJ.

read more
  • Salary - Excellent

Dislikes

IT IS SO SAD FOR ME TO KNOW THAT THE CULTURE IN BAJAJ ALLIANZ LIFE INSURANCE COMPANY IS WORST. EMPLOYEE IS BEING JUDGED ON BASIS OF THEIR CASTE AND COMMUNITY. I HAD BEEN TREATED THE SAME WAY BUT WHEN I COMPLAINT ABOUT THE SAME MY VOICE HAD BEEN PUSHED DOWN. NO SUCH ACTION IS BEING TAKEN AGAINST THE SENIOR. I BEGGED TO HR BUT NOTHING HAPPENED. I HAD BEEN SO HARSSSAD DURING MY JOB. NO ONE HELPED ME. I CANNOT DESCRIBE THE WAY I HAD BEEN TREATED. IF COMPANY WANTS TO KNOW THE ACTUAL TRUTH. PLEASE CHECK THE CCTV CAMERA BETWEEN 09:30 AM - 10:30 AM FOR DATED: 10/09/2020. EVERYTHING WOULD BE CLEAR THAT HOW I HAD BEEN TREATED BY VP, BINNENDRA KUMAR BINIT. THAT WAS SO RUDE AND SHAMEFUL. AFTER THAT I HAD BEEN THREATENED THAT I WOULD BE THROW OUT FROM THE COMPANY AND THE SAME HAD BEEN DONE BY THE BUNCH OF PEOPLE. BUT I WILL NOT LET THE THINGS GO AS EASY AS THE PEOPLE THINKS. I WILL RAISE THIS CONCERN INTO COURT AND SOCIAL MEDIA SO THAT ATLEAST WORK CULTURE WOULD BECOME HEALTHIFY IN BAJAJ FOR OTHER.

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  • Skill development - Bad
  • +4 more

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.

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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.

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  • Salary - Bad
  • +6 more

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.

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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

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  • Salary - Bad
  • +6 more
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Bajaj Allianz Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Bajaj Allianz Life Insurance?
Business Development Manager salary at Bajaj Allianz Life Insurance in India ranges between ₹3.0 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 43% less than the average Business Development Manager Salary in India. Salary estimates are based on 249 latest salaries received from various employees of Bajaj Allianz Life Insurance India.
How does the salary of a Business Development Manager at Bajaj Allianz Life Insurance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Bajaj Allianz Life Insurance is 43% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Bajaj Allianz Life Insurance?
Business Development Management, Agency Sales, Life Insurance, Insurance and Agent Recruitment are some of the popular skills required to work as a Business Development Manager at Bajaj Allianz Life Insurance India.
Which similar companies are paying more than Bajaj Allianz Life Insurance to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
  • Allianz Partners Business Development Manager Salary - ₹7.8 Lakhs to ₹10.0 Lakhs per year
  • Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹10.3 Lakhs per year
  • Max Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Bajaj Allianz Life Insurance in India?
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
  • SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.2 Lakhs to ₹6.0 Lakhs per year
  • Tata AIG Business Development Manager Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
  • Reliance Nippon Life Insurance Business Development Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Business Development Manager at Bajaj Allianz Life Insurance ranges between ₹31,677 per month to ₹32,966 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Business Development Manager salary in India which ranges between ₹3.0 Lakhs to ₹6.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Bajaj Allianz Life Insurance?
According to AmbitionBox, 68% of the Bajaj Allianz Life Insurance Business Development Managers reported a notice period of 1 Month, 27% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 282 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Business Development Manager salary in India ranges between ₹3 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 249 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.