Bajaj Allianz Life Insurance Mumbai Chief Manager Salaries by 10+ Employees (Updated 2025)

7 - 21 years exp.

₹18 Lakhs - ₹31.7 Lakhs

Salary of majority employees

9% 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 8 - 20 years exp. (7 salaries)	₹20.6 L/yr - ₹28.3 L/yr
Project & Program Management Chief Manager Salary 7 - 19 years exp. (3 salaries)	₹24 L/yr - ₹31.7 L/yr
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Product Management Chief Manager Salary 7 - 17 years exp. (AmbitionBox Estimate)	₹20.7 L/yr - ₹24 L/yr
Customer Success, Service & Operations Chief Manager Salary 21 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹24 L/yr
Marketing & Communication Chief Manager Salary 13 years exp. (AmbitionBox Estimate)	₹22 L/yr - ₹25.5 L/yr

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Last Updated: 9 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Chief Manager in Mumbai

Bajaj Allianz Life Insurance Chief Manager Salary

7 - 21 years exp. (16 salaries)

₹18 L/yr - ₹31.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Chief Manager Salary 5 - 20 years exp. (170 salaries)	₹11.1 L/yr - ₹30 L/yr 4% less
ICICI Prudential Life Insurance Chief Manager Salary 7 - 22 years exp. (55 salaries)	₹14.5 L/yr - ₹40 L/yr 10% more
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Max Life Insurance Chief Manager Salary 8 - 20 years exp. (16 salaries)	₹12.6 L/yr - ₹30 L/yr At par	4 job openings
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (255 salaries)	₹5.5 L/yr - ₹18.5 L/yr 49% less
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (184 salaries)	₹10 L/yr - ₹22 L/yr 31% less
Tata AIG Chief Manager Salary 1 - 15 years exp. (153 salaries)	₹9.6 L/yr - ₹28 L/yr 27% less
Reliance Nippon Life Insurance Chief Manager Salary 7 - 22 years exp. (53 salaries)	₹7.9 L/yr - ₹24 L/yr 36% less
Aditya Birla Health Insurance Co Chief Manager Salary 5 - 19 years exp. (44 salaries)	₹13.3 L/yr - ₹36.2 L/yr 11% more
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 20 years exp. (43 salaries)	₹13 L/yr - ₹35 L/yr 3% less
PNB MetLife Chief Manager Salary 6 - 16 years exp. (31 salaries)	₹18.2 L/yr - ₹30.6 L/yr 5% more	1 job opening
Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.9 L/yr - ₹26 L/yr 11% less
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Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 30% less

Chief Manager salary at Bajaj Allianz Life Insurance ranges between ₹18 Lakhs to ₹31.7 Lakhs per year for employees with experience between 7 years to 21 years. Salary estimates are based on 16 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Chief Manager salaries in Mumbai

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹20.7 L/yr - ₹31.7 L/yr
8 years (AmbitionBox Estimate)	₹25 L/yr - ₹45.4 L/yr
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9 years (AmbitionBox Estimate)	₹10 L/yr - ₹28.3 L/yr
10 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹28.3 L/yr
11 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr
12 years (AmbitionBox Estimate)	₹21.9 L/yr - ₹27.9 L/yr
13 years (AmbitionBox Estimate)	₹20.6 L/yr - ₹43.3 L/yr
14 years (AmbitionBox Estimate)	₹20.1 L/yr - ₹42.9 L/yr
15+ years (8 salaries)	₹18 L/yr - ₹26 L/yr

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From

Chief Manager

7 - 21 years exp.

Associate Vice President

₹

Lakhs/yr

10 - 21 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

Deputy Manager Salary

(66 salaries)

₹5 L/yr - ₹16.5 L/yr

Sales Manager Salary

(19 salaries)

₹2.4 L/yr - ₹7 L/yr

Territory Manager Salary

(14 salaries)

₹4.45 L/yr - ₹8 L/yr

Branch Manager Salary

(11 salaries)

₹5.1 L/yr - ₹11 L/yr

Area Manager Salary

(11 salaries)

₹5 L/yr - ₹13 L/yr

Cluster Manager Salary

(5 salaries)

₹5 L/yr - ₹14.3 L/yr

Area Sales Manager Salary

(4 salaries)

₹5 L/yr - ₹12 L/yr

Operations Manager Salary

(3 salaries)

₹5 L/yr - ₹13.5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

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

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bajaj Allianz Life Insurance Chief Manager Salary FAQs

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

Chief Manager salary at Bajaj Allianz Life Insurance in Mumbai ranges between ₹18.0 Lakhs to ₹31.7 Lakhs for experience between 7 years to 21 years. According to our estimates it is 9% more than the average Chief Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Bajaj Allianz Life Insurance Mumbai.

How does the salary of a Chief Manager at Bajaj Allianz Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Chief Manager at Bajaj Allianz Life Insurance is 9% more than the average salary of a Chief Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Chief Manager in Mumbai?

Aditya Birla Health Insurance Co Chief Manager Salary - ₹13.3 Lakhs to ₹36.2 Lakhs per year
ICICI Prudential Life Insurance Chief Manager Salary - ₹14.5 Lakhs to ₹40.0 Lakhs per year
PNB MetLife Chief Manager Salary - ₹18.2 Lakhs to ₹30.6 Lakhs per year

What is the salary of a Chief Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?

Max Life Insurance Chief Manager Salary - ₹12.6 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Sun Life Insurance Chief Manager Salary - ₹13.0 Lakhs to ₹35.0 Lakhs per year
HDFC Life Chief Manager Salary - ₹11.1 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Insurance Brokers Chief Manager Salary - ₹20.9 Lakhs to ₹26.0 Lakhs per year
Tata AIG Chief Manager Salary - ₹9.6 Lakhs to ₹28.0 Lakhs per year

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

The estimated take-home salary of a Chief Manager at Bajaj Allianz Life Insurance ranges between ₹1,52,249 per month to ₹1,57,997 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Chief Manager salary in India which ranges between ₹18.0 Lakhs to ₹31.7 Lakhs per year for employees with experience between 7 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at Bajaj Allianz Life Insurance in Mumbai?

According to AmbitionBox, 79% of the Bajaj Allianz Life Insurance Chief Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Chief Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Chief Manager salary in Mumbai ranges between ₹18 Lakhs to ₹31.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.