Bajaj Allianz Life Insurance Business Manager Salaries by 6 Employees (Updated 2025)

7 - 13 years exp.

₹4.5 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

60% less than the average Business Manager Salary in Insurance Companies for 7 - 13 years of experience

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Salaries in different departments

Sales & Business Development Business Manager Salary 9 - 13 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr
BFSI, Investments & Trading Business Manager Salary 8 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.2 L/yr
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Customer Success, Service & Operations Business Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.2 L/yr

Last Updated: 25 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (62 salaries)	₹3 L/yr - ₹5 L/yr 16% less	1 job opening
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (20 salaries)	₹5.6 L/yr - ₹10.6 L/yr 82% more
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SBI Life Insurance Company Business Manager Salary 5 - 12 years exp. (16 salaries)	₹5.1 L/yr - ₹7.3 L/yr 47% more
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 12% more
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 1% less
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 3% more
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 17% less
Axis Max Life Insurance Business Manager Salary 5 - 12 years exp. (5 salaries)	₹3.1 L/yr - ₹9.5 L/yr 18% more
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 74% more
Niva Bupa Health Insurance Company Business Manager Salary 0 - 10 years exp. (5 salaries)	₹8 L/yr - ₹9 L/yr 91% more
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 9% more
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HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 112% more

Business Manager salary at Bajaj Allianz Life Insurance ranges between ₹4.5 Lakhs to ₹6 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Business Manager salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.2 L/yr
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9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.3 L/yr
11 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
12 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹6 L/yr
13 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6 L/yr

View all

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Territory Manager Salary

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Area Sales Manager Salary

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Marketing Manager Salary

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Top skills at Bajaj Allianz Life Insurance for Business Manager

Business Management Life Insurance Relationship Management RO Insurance Sales Business Development agency RM Casa TL Banking Sales GI Sales Agency Sales Recruitment

Salary related reviews for Bajaj Allianz Life Insurance

4.3

Rated by 5 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.

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.

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz Life Insurance Business Manager Salary FAQs

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

The average salary of a Business Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹4.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Business Manager at Bajaj Allianz Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Business 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 Business Manager at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Business Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹33,878 to ₹35,134 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 7 years to 13 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 Business Manager at Bajaj Allianz Life Insurance ?

To be a Business Manager at Bajaj Allianz Life Insurance in india, the key skills required include:

- Business Management
- Life Insurance
- Relationship Management
- RO
- Insurance Sales

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 Business Manager in India?

HDFC Ergo General Insurance	₹3.9 Lakhs to ₹15.0 Lakhs per year
Niva Bupa Health Insurance Company	₹8.0 Lakhs to ₹9.0 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company	₹5.1 Lakhs to ₹7.3 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 Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Business Manager 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:

Axis Max Life Insurance	₹3.1 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz General Insurance	₹3.9 Lakhs to ₹6.3 Lakhs per year
HDFC Life	₹2.4 Lakhs to ₹8.1 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 Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
7 years	₹1.8 Lakhs to ₹5.2 Lakhs per year
8 years	₹1.8 Lakhs to ₹5.2 Lakhs per year
9 years	₹1.8 Lakhs to ₹5.0 Lakhs per year
10 years	₹4.5 Lakhs to ₹8.3 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Business Manager Salaries

Bajaj Allianz Life Insurance Business Manager salary in India ranges between ₹4.5 Lakhs to ₹6 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.