Bajaj Allianz Life Insurance Business Development Officer Salaries by 5 Employees

0 - 6 years exp.

₹1.4 Lakh - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

35% less than the average Business Development Officer Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹3 L/yr
Finance & Accounting Business Development Officer Salary Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr
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Sales & Business Development Business Development Officer Salary 6 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 27 Dec 2024

Companies similar to Bajaj Allianz Life Insurance for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Business Development Officer Salary 0 - 6 years exp. (7 salaries)	₹2.8 L/yr - ₹4 L/yr 38% more
Tata AIG Business Development Officer Salary 5 - 8 years exp. (5 salaries)	₹2 L/yr - ₹6 L/yr 36% more
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Axis Max Life Insurance Business Development Officer Salary 0 - 4 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 4% more
Aditya Birla Sun Life Insurance Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹2.8 L/yr - ₹4 L/yr 32% more
HDFC Life Business Development Officer Salary 2 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 21% more
Reliance Nippon Life Insurance Business Development Officer Salary 2 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹5 L/yr 48% more
Shriram Life Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 11% less
Bajaj Allianz General Insurance Business Development Officer Salary 3 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹4 L/yr 22% more

Business Development Officer salary at Bajaj Allianz Life Insurance ranges between ₹1.4 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Business Development Officer salaries

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

View all

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Assistant Sales Manager Salary

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₹1.8 L/yr - ₹3.5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

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.

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.

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.

Skill development - Bad

+4 more

Senior Business Development Manager in Soro

Full Time

Sales & Business Development Department

5.0

• posted on 13 Sep 2022

4.0

for Salary and Benefits

Likes

Best product Friendly atmosphere Career growth Highest solvency retio Best claim settlement Best Hr service Etc....

Salary - Good

+6 more

Dislikes

One thing is internal career and salary growth is little bit slow.. If we have potential to prove ourselves in changing our label in our own company. Then stay with us.... Otherwise Employees are trying for other companies only for career and financial growth.

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Bajaj Allianz Life Insurance Business Development Officer Salary FAQs

What is the salary of Business Development Officer at Bajaj Allianz Life Insurance ?

The average salary of a Business Development Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹1.4 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Development Officer at Bajaj Allianz Life Insurance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Business Development Officer 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 5 Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Business Development Officer at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Business Development Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹16,961 to ₹18,669 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 5 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Business Development Officer in India?

Reliance Nippon Life Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.8 Lakhs to ₹4.0 Lakhs per year
Tata AIG	₹2.0 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.8 Lakhs to ₹4.0 Lakhs per year
Bajaj Allianz General Insurance	₹2.1 Lakhs to ₹4.0 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 Business Development Officer in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Business Development Officer at companies similar to Bajaj Allianz Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life	₹2.1 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹1.2 Lakhs to ₹3.5 Lakhs per year
Shriram Life Insurance	₹2.0 Lakhs to ₹2.4 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 Business Development Officer at Bajaj Allianz Life Insurance in India?

The salary growth for a Business Development Officer at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Officer can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience	Average Salary Range
Fresher	₹1.7 Lakhs to ₹2.1 Lakhs per year
1 year	₹1.8 Lakhs to ₹2.4 Lakhs per year
2 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Business Development Officer Salaries by Location

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Bajaj Allianz Life Insurance Business Development Officer Salaries

Bajaj Allianz Life Insurance Business Development Officer salary in India ranges between ₹1.4 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Business Development Officer salaries in India

Companies similar to Bajaj Allianz Life Insurance for Business Development Officer

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

Experience wise Bajaj Allianz Life Insurance Business Development Officer salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Business Development Manager in Narnaul

Senior Business Development Manager in Soro

Bajaj Allianz Life Insurance Business Development Officer Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Business Development Officer Salaries by Location