Bajaj Allianz Life Insurance Cluster Branch Manager Salaries by 4 Employees

17 - 20 years exp.

₹7 Lakhs - ₹14.5 Lakhs

Low Confidence

Salary of majority employees

27% less than the average Cluster Branch Manager Salary in Insurance Companies for 17 - 20 years of experience

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Salaries in different departments

Sales & Business Development Cluster Branch Manager Salary 18 - 20 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹7.1 L/yr
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BFSI, Investments & Trading Cluster Branch Manager Salary 17 years exp. (AmbitionBox Estimate)	₹13.1 L/yr - ₹16 L/yr

Last Updated: 16 Nov 2024

Companies similar to Bajaj Allianz Life Insurance for Cluster Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Branch Manager Salary 11 - 18 years exp. (20 salaries)	₹8 L/yr - ₹18.5 L/yr 33% more
Tata AIG Cluster Branch Manager Salary 10 - 16 years exp. (15 salaries)	₹10.8 L/yr - ₹16.5 L/yr 27% more
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Axis Max Life Insurance Cluster Branch Manager Salary 5 - 9 years exp. (5 salaries)	₹7.2 L/yr - ₹10 L/yr 20% less
HDFC Life Cluster Branch Manager Salary 5 - 11 years exp. (4 salaries)	₹6.7 L/yr - ₹10 L/yr 18% less
IndusInd Bank Cluster Branch Manager Salary 11 - 20 years exp. (41 salaries)	₹11 L/yr - ₹26 L/yr 75% more

Cluster Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹7 Lakhs to ₹14.5 Lakhs per year for employees with experience between 17 years to 20 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Cluster Branch Manager salaries

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹7 L/yr - ₹14.5 L/yr
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Similar Designation salaries in Bajaj Allianz Life Insurance

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Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 2 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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Bajaj Allianz Life Insurance Cluster Branch Manager Salary FAQs

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

The average salary of a Cluster Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹7.0 Lakhs to ₹14.5 Lakhs per year, depending on experience (from 17 years to 20 years).

The top 10% of Cluster Branch Manager at Bajaj Allianz Life Insurance earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹14.5 Lakhs per year. Cluster Branch 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 4 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Cluster Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹73,346 to ₹75,240 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹14.5 Lakhs per year for employees with experience ranging from 17 years to 20 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 4 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 Cluster Branch Manager in India?

IndusInd Bank	₹11.0 Lakhs to ₹26.0 Lakhs per year
ICICI Lombard General Insurance Company	₹8.0 Lakhs to ₹18.5 Lakhs per year
Tata AIG	₹10.8 Lakhs to ₹16.5 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 Cluster Branch Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Cluster Branch 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:

HDFC Life	₹6.7 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance	₹7.2 Lakhs to ₹10.0 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 Cluster Branch Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
15 years	₹7.0 Lakhs to ₹14.5 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Cluster Branch Manager Salaries

Bajaj Allianz Life Insurance Cluster Branch Manager salary in India ranges between ₹7 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.