Bajaj Allianz Life Insurance Pune Chief Manager Salaries by 30+ Employees (Updated 2025)

7 - 21 years exp.

₹18.5 Lakhs - ₹38 Lakhs

Avg. annual salary

Monthly In-hand Salary

22% more than the average Chief Manager Salary in Insurance Companies for 7 - 21 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 7 - 21 years exp. (9 salaries)	₹19.7 L/yr - ₹37 L/yr
Project & Program Management Chief Manager Salary 8 - 18 years exp. (5 salaries)	₹26 L/yr - ₹38 L/yr
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Customer Success, Service & Operations Chief Manager Salary 13 - 15 years exp. (4 salaries)	₹18.5 L/yr - ₹27 L/yr
Product Management Chief Manager Salary 8 - 18 years exp. (3 salaries)	₹24.5 L/yr - ₹26 L/yr
Strategic & Top Management Chief Manager Salary 9 - 11 years exp. (3 salaries)	₹21.3 L/yr - ₹32 L/yr

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Last Updated: 2 Apr 2025

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

Bajaj Allianz Life Insurance Chief Manager Salary

7 - 21 years exp. (33 salaries)

₹18.5 L/yr - ₹38 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Chief Manager Salary 4 - 18 years exp. (19 salaries)	₹11.6 L/yr - ₹21 L/yr 38% less
Tata AIG Chief Manager Salary 4 - 11 years exp. (7 salaries)	₹8.8 L/yr - ₹23 L/yr 39% less	2 job openings
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HDFC Life Chief Manager Salary 5 - 20 years exp. (7 salaries)	₹19 L/yr - ₹27 L/yr 16% less	2 job openings
ICICI Prudential Life Insurance Chief Manager Salary 9 - 18 years exp. (3 salaries)	₹29 L/yr - ₹32.5 L/yr 11% more
Reliance Nippon Life Insurance Chief Manager Salary 13 - 23 years exp. (3 salaries)	₹11 L/yr - ₹20 L/yr 47% less

Chief Manager salary at Bajaj Allianz Life Insurance ranges between ₹18.5 Lakhs to ₹38 Lakhs per year for employees with experience between 7 years to 21 years. Salary estimates are based on 33 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Chief Manager in Pune

1w ago

₹26 Lakhs

8 years exp.

3w ago

₹35 Lakhs

15 years exp.

3w ago

₹30 Lakhs

16 years exp.

1mo ago

₹27.8 Lakhs

7 years exp.

1mo ago

₹27 Lakhs

14 years exp.

1mo ago

18 years exp.

2mo ago

10 years exp.

5mo ago

14 years exp.

5mo ago

15 years exp.

6mo ago

10 years exp.

Experience wise Bajaj Allianz Life Insurance Chief Manager salaries in Pune

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹25.5 L/yr - ₹32.6 L/yr
8 years (AmbitionBox Estimate)	₹25.3 L/yr - ₹32.4 L/yr
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9 years (4 salaries)	₹24 L/yr - ₹32 L/yr
10 years (5 salaries)	₹19.7 L/yr - ₹37 L/yr
11 years (4 salaries)	₹21.3 L/yr - ₹33 L/yr
12 years (AmbitionBox Estimate)	₹24.5 L/yr - ₹31.4 L/yr
13 years (AmbitionBox Estimate)	₹24.4 L/yr - ₹31.1 L/yr
14 years (4 salaries)	₹18.5 L/yr - ₹38 L/yr
15+ years (12 salaries)	₹19 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

Deputy Manager Salary

(147 salaries)

₹5.4 L/yr - ₹16.5 L/yr

Sales Manager Salary

(20 salaries)

₹2 L/yr - ₹7 L/yr

Area Manager Salary

(8 salaries)

₹6.75 L/yr - ₹9.5 L/yr

Territory Manager Salary

(6 salaries)

₹6 L/yr - ₹7.5 L/yr

Operations Manager Salary

(6 salaries)

₹8.2 L/yr - ₹14.95 L/yr

Area Sales Manager Salary

(4 salaries)

₹7.85 L/yr - ₹9.55 L/yr

Cluster Manager Salary

(3 salaries)

₹10.5 L/yr - ₹13 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.4

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Bajaj Allianz Life Insurance Chief Manager Salary FAQs

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

The average salary of a Chief Manager at Bajaj Allianz Life Insurance in Pune typically ranges from ₹18.5 Lakhs to ₹38.0 Lakhs per year, depending on experience (from 7 years to 21 years).

The top 10% of Chief Manager in Pune at Bajaj Allianz Life Insurance earn more than ₹33.4 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 30+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Chief Manager at Bajaj Allianz Life Insurance in Pune typically ranges from ₹1,68,230 to ₹1,74,699 per month. This is based on the average salary range of ₹18.5 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 30+ 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?

ICICI Prudential Life Insurance

₹29.0 Lakhs to ₹32.5 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 Pune?

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

HDFC Life	₹19.0 Lakhs to ₹27.0 Lakhs per year
ICICI Lombard General Insurance Company	₹11.6 Lakhs to ₹21.0 Lakhs per year
Tata AIG	₹8.8 Lakhs to ₹23.0 Lakhs per year
Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹20.0 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 Pune?

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

Experience	Average Salary Range
7 years	₹25.5 Lakhs to ₹32.6 Lakhs per year
8 years	₹25.3 Lakhs to ₹32.4 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 in Pune

Bajaj Allianz Life Insurance Chief Manager salary in Pune ranges between ₹18.5 Lakhs to ₹38 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

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

Latest annual salaries shared by Bajaj Allianz Life Insurance Chief Manager in Pune

Experience wise Bajaj Allianz Life Insurance Chief Manager salaries in Pune

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.