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

Annual salary range
7 - 13 years exp.
₹4.5 Lakhs - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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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)
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₹5 L/yr - ₹6 L/yr

BFSI, Investments & Trading
Business Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹5.2 L/yr

Customer Success, Service & Operations
Business Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹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
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₹3 L/yr - ₹5 L/yr

arrow icon 16% less
1 job opening
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Tata AIA Life Insurance Business Manager Salary

2 - 17 years exp. (20 salaries)

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₹5.6 L/yr - ₹10.6 L/yr

arrow icon 82% more
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₹5.1 L/yr - ₹7.3 L/yr

arrow icon 47% more
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₹2.3 L/yr - ₹10 L/yr

arrow icon 12% more
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HDFC Life Business Manager Salary

3 - 13 years exp. (10 salaries)

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₹2.4 L/yr - ₹8.1 L/yr

arrow icon 1% less
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₹3.9 L/yr - ₹6.3 L/yr

arrow icon 3% more
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₹3.1 L/yr - ₹4 L/yr

arrow icon 17% less
Logo
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₹3.1 L/yr - ₹9.5 L/yr

arrow icon 18% more
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₹7.9 L/yr - ₹8.3 L/yr

arrow icon 74% more
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₹8 L/yr - ₹9 L/yr

arrow icon 91% more
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₹3.4 L/yr - ₹6.2 L/yr

arrow icon 9% more
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₹3.9 L/yr - ₹15 L/yr

arrow icon 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.

Latest annual salaries shared by Bajaj Allianz Life Insurance Business Manager

2w ago
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13 years exp.
1mo ago
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12 years exp.
1y ago
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8 years exp.
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9 years exp.
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7 years exp.

Experience wise Bajaj Allianz Life Insurance Business Manager salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹8.3 L/yr
11 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.3 L/yr
View all

Similar Designation salaries in Bajaj Allianz Life Insurance

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₹3.2 L/yr - ₹10 L/yr
Branch Manager Salary
(126 salaries)
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₹4.5 L/yr - ₹12.85 L/yr
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₹1.9 L/yr - ₹7 L/yr
Regional Manager Salary
(105 salaries)
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₹7 L/yr - ₹23 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹12.2 L/yr - ₹15.5 L/yr
Area Manager Salary
(212 salaries)
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₹5 L/yr - ₹16.5 L/yr
Deputy Manager Salary
(331 salaries)
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₹5 L/yr - ₹16.48 L/yr
Territory Manager Salary
(233 salaries)
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₹3.65 L/yr - ₹9.09 L/yr
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₹3.45 L/yr - ₹13.56 L/yr
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₹3.5 L/yr - ₹7.36 L/yr

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

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.

read more

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.

read more
  • 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

read more
  • Salary - Bad
  • +6 more

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

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.

read more
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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.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Business Manager salary in India ranges between ₹4.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.