Bajaj Allianz Life Insurance Chief Manager Salaries by 60+ Employees (Updated 2025)

7 - 21 years exp.

₹12.5 Lakhs - ₹38 Lakhs

Avg. annual salary

Monthly In-hand Salary

17% more than the average Chief Manager Salary in Insurance Companies for 7 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 7 - 21 years exp. (17 salaries)	₹19.7 L/yr - ₹37 L/yr
Project & Program Management Chief Manager Salary 7 - 19 years exp. (8 salaries)	₹26 L/yr - ₹38 L/yr
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Customer Success, Service & Operations Chief Manager Salary 13 - 21 years exp. (5 salaries)	₹18 L/yr - ₹27 L/yr
Product Management Chief Manager Salary 7 - 18 years exp. (5 salaries)	₹20.7 L/yr - ₹26 L/yr
Strategic & Top Management Chief Manager Salary 9 - 11 years exp. (4 salaries)	₹21.3 L/yr - ₹37.8 L/yr

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Last Updated: 2 Apr 2025

Companies similar to Bajaj Allianz Life Insurance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (481 salaries)	₹9.5 L/yr - ₹23 L/yr 37% less
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (468 salaries)	₹5.1 L/yr - ₹18.5 L/yr 58% less
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Tata AIG Chief Manager Salary 1 - 12 years exp. (269 salaries)	₹8.8 L/yr - ₹28.5 L/yr 32% less	2 job openings
HDFC Life Chief Manager Salary 5 - 20 years exp. (203 salaries)	₹14 L/yr - ₹30 L/yr 12% less	2 job openings
Axis Max Life Insurance Chief Manager Salary 13 - 20 years exp. (138 salaries)	₹11.9 L/yr - ₹37.7 L/yr 10% less	4 job openings
Reliance Nippon Life Insurance Chief Manager Salary 7 - 23 years exp. (114 salaries)	₹7 L/yr - ₹25 L/yr 45% less
ICICI Prudential Life Insurance Chief Manager Salary 9 - 22 years exp. (74 salaries)	₹14.5 L/yr - ₹41.6 L/yr 10% more
Aditya Birla Health Insurance Co Chief Manager Salary 2 - 19 years exp. (64 salaries)	₹13.3 L/yr - ₹36.2 L/yr 12% less
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 18 years exp. (56 salaries)	₹13 L/yr - ₹38 L/yr 13% less
Star Health & Allied Insurance Chief Manager Salary 5 - 20 years exp. (46 salaries)	₹6.6 L/yr - ₹23.6 L/yr 46% less
Niva Bupa Health Insurance Company Chief Manager Salary 11 - 18 years exp. (12 salaries)	₹10.3 L/yr - ₹30.6 L/yr 17% less
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Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.8 L/yr - ₹26 L/yr 19% less
SBI Life Insurance Company Chief Manager Salary 2 - 20 years exp. (4 salaries)	₹17 L/yr - ₹40 L/yr 17% more
Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 36% less
Max Financial Services Chief Manager Salary 13 - 14 years exp. (3 salaries)	₹12.7 L/yr - ₹13.4 L/yr 50% less

Chief Manager salary at Bajaj Allianz Life Insurance ranges between ₹12.5 Lakhs to ₹38 Lakhs per year for employees with experience between 7 years to 21 years. Salary estimates are based on 62 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Chief Manager

2d ago

₹26 Lakhs

8 years exp.

2w ago

₹35 Lakhs

15 years exp.

3w ago

₹30 Lakhs

16 years exp.

4w ago

₹27.8 Lakhs

7 years exp.

4w ago

₹27 Lakhs

14 years exp.

1mo ago

18 years exp.

1mo ago

21 years exp.

2mo ago

10 years exp.

2mo ago

17 years exp.

3mo ago

17 years exp.

Experience wise Bajaj Allianz Life Insurance Chief Manager salaries

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
7 years (4 salaries)	₹20.7 L/yr - ₹32 L/yr
8 years (3 salaries)	₹24.5 L/yr - ₹49 L/yr
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9 years (5 salaries)	₹24 L/yr - ₹32 L/yr
10 years (6 salaries)	₹19.7 L/yr - ₹37 L/yr
11 years (5 salaries)	₹21.3 L/yr - ₹37.8 L/yr
12 years (AmbitionBox Estimate)	₹23.7 L/yr - ₹30.3 L/yr
13 years (4 salaries)	₹18.5 L/yr - ₹33 L/yr
14 years (7 salaries)	₹18.5 L/yr - ₹38 L/yr
15+ years (28 salaries)	₹12.5 L/yr - ₹35 L/yr

View all

From

Chief Manager

7 - 21 years exp.

Associate Vice President

10 - 23 years exp.

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

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Sales Manager Salary

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Credit Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Cluster Manager Salary

(99 salaries)

₹4.2 L/yr - ₹14.3 L/yr

Branch Manager Salary

(126 salaries)

₹4.5 L/yr - ₹12.85 L/yr

Deputy Manager Salary

(328 salaries)

₹4.5 L/yr - ₹16.68 L/yr

Territory Manager Salary

(230 salaries)

₹3.65 L/yr - ₹8.5 L/yr

Operations Manager Salary

(17 salaries)

₹3.5 L/yr - ₹14.99 L/yr

Area Sales Manager Salary

(25 salaries)

₹3.45 L/yr - ₹13.56 L/yr

Sales Officer Salary

(23 salaries)

₹2 L/yr - ₹5.5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.5

Rated by 5 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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bajaj Allianz Life Insurance Chief Manager Salary FAQs

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

The average salary of a Chief Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹12.5 Lakhs to ₹38.0 Lakhs per year, depending on experience (from 7 years to 21 years).

The top 10% of Chief Manager at Bajaj Allianz Life Insurance earn more than ₹33.0 Lakhs per year, and the top 1% earn over ₹38.0 Lakhs per year. Chief 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 60+ Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Chief Manager at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Chief Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹1,63,415 to ₹1,69,667 per month. This is based on the average salary range of ₹12.5 Lakhs to ₹38.0 Lakhs per year for employees with experience ranging from 7 years to 21 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 60+ 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 Chief Manager in India?

SBI Life Insurance Company	₹17.0 Lakhs to ₹40.0 Lakhs per year
ICICI Prudential Life Insurance	₹14.5 Lakhs to ₹41.6 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 Chief Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Chief 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	₹11.9 Lakhs to ₹37.7 Lakhs per year
HDFC Life	₹14.0 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Health Insurance Co	₹13.3 Lakhs to ₹36.2 Lakhs per year
Aditya Birla Sun Life Insurance	₹13.0 Lakhs to ₹38.0 Lakhs per year
Niva Bupa Health Insurance Company	₹10.3 Lakhs to ₹30.6 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 Chief Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
7 years	₹20.7 Lakhs to ₹32.0 Lakhs per year
8 years	₹24.5 Lakhs to ₹49.0 Lakhs per year
9 years	₹24.0 Lakhs to ₹32.0 Lakhs per year
10 years	₹19.7 Lakhs to ₹37.0 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Chief Manager Salaries by Location

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Bajaj Allianz Life Insurance Chief Manager Salaries

Bajaj Allianz Life Insurance Chief Manager salary in India ranges between ₹12.5 Lakhs to ₹38 Lakhs with an average annual salary of ₹. Salary estimates are based on 62 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

Companies similar to Bajaj Allianz Life Insurance for Chief Manager

Latest annual salaries shared by Bajaj Allianz Life Insurance Chief Manager

Experience wise Bajaj Allianz Life Insurance Chief Manager salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

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 Chief Manager Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Chief Manager Salaries by Location