Bajaj Allianz Life Insurance Cluster Manager Banca Salaries by 9 Employees

7 - 13 years exp.

₹6 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

7% more than the average Cluster Manager Banca Salary in Insurance Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 7 - 9 years exp. (4 salaries)	₹7.2 L/yr - ₹9 L/yr
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Sales & Business Development Cluster Manager Banca Salary 9 - 13 years exp. (3 salaries)	₹6 L/yr - ₹10 L/yr

Last Updated: 16 Oct 2024

Companies similar to Bajaj Allianz Life Insurance for Cluster Manager Banca

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Banca Salary 7 - 16 years exp. (46 salaries)	₹7 L/yr - ₹11.5 L/yr 21% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 4 - 12 years exp. (41 salaries)	₹6 L/yr - ₹12.6 L/yr 4% more
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Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 13 years exp. (22 salaries)	₹5 L/yr - ₹9.8 L/yr 13% less
Axis Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (13 salaries)	₹9 L/yr - ₹12.3 L/yr 41% more
Aditya Birla Health Insurance Co Cluster Manager Banca Salary 3 - 18 years exp. (9 salaries)	₹5.1 L/yr - ₹9 L/yr 7% less
Niva Bupa Health Insurance Company Cluster Manager Banca Salary 4 - 20 years exp. (9 salaries)	₹6 L/yr - ₹7.8 L/yr 7% less
Kotak Mahindara Life Insurance Cluster Manager Banca Salary 8 - 17 years exp. (7 salaries)	₹5.5 L/yr - ₹13 L/yr 17% more
Reliance Nippon Life Insurance Cluster Manager Banca Salary 9 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹6 L/yr 32% less
Tata AIA Life Insurance Cluster Manager Banca Salary 8 - 13 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr 15% more
HDFC Ergo General Insurance Cluster Manager Banca Salary 3 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹4.9 L/yr 37% less
ICICI Prudential Life Insurance Cluster Manager Banca Salary 2 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 35% more
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ICICI Lombard General Insurance Company Cluster Manager Banca Salary 2 - 14 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 33% more
Tata AIG Cluster Manager Banca Salary 7 - 11 years exp. (3 salaries)	₹4.9 L/yr - ₹5.7 L/yr 32% less

Cluster Manager Banca salary at Bajaj Allianz Life Insurance ranges between ₹6 Lakhs to ₹10 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 9 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Cluster Manager Banca salaries

Last Updated: 16 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
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9 years (3 salaries)	₹6 L/yr - ₹9 L/yr
10 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
11 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
12 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
13 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Cluster Manager Salary

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Sales Manager Salary

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₹5 L/yr - ₹6.6 L/yr

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Assistant Sales Manager Salary

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₹1.8 L/yr - ₹3.5 L/yr

Bancassurance Manager Salary

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Associate Sales Manager Salary

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₹3.7 L/yr - ₹4.7 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.5

Rated by 4 employees for salary & benefits

Executive Relationship Manager in Kohima

Full Time

Sales & Business Development Department

1.0

• posted on 17 Mar 2025

1.0

for Salary and Benefits

Likes

No comments

Dislikes

Not getting salary on time, bad Area manger, bad HR, Always getting negative reviews no matter how much efforts we are giving . No support from highers ups. Getting too much calls and VC even on holidays. Still didn't got experience letter.

Salary - Bad

+6 more

Executive Relationship Manager in Bankura

Full Time

Sales & Business Development Department

5.0

• posted on 29 Jan 2025

5.0

for Salary and Benefits

Likes

Balic is a good company to work .. balic has given my carrier high..

Salary - Excellent

+6 more

Dislikes

...e centricity balic does not look even after Work hard and good work for balic .. company does not increase no salary as per expectations.

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.

Executive Relationship Manager in Srinagar

Full Time

Sales & Business Development Department

1.0

• posted on 07 Sep 2024

4.0

for Salary and Benefits

Likes

Salary credited on time every month

Salary - Good

+1 more

Dislikes

In December i got gallbladder remove surgery and I got post surgery health issues i am not able to travel 50 kms/ day from branch to my residence and vice versa i had faced a lot of problems But my reporting manager namely ARSHAD WANI AND ASM Mr. ASHIQ don't coperate with me and send me abasccond mail and termination letter from hr total injustice Ganderbal Jammu and Kashmir Destroyed my career

Skill development - Bad

+4 more

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

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Bajaj Allianz Life Insurance Cluster Manager Banca Salary FAQs

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

The average salary of a Cluster Manager Banca at Bajaj Allianz Life Insurance in India typically ranges from ₹6.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Cluster Manager Banca at Bajaj Allianz Life Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Manager Banca 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 9 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Cluster Manager Banca at Bajaj Allianz Life Insurance in India typically ranges from ₹56,395 to ₹57,810 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.0 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 9 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 Manager Banca in India?

Axis Max Life Insurance	₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company	₹8.0 Lakhs to ₹12.0 Lakhs per year
HDFC Life	₹7.0 Lakhs to ₹11.5 Lakhs per year
Kotak Mahindara Life Insurance	₹5.5 Lakhs to ₹13.0 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 Manager Banca in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Cluster Manager Banca 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:

Tata AIA Life Insurance	₹7.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹12.6 Lakhs per year
Aditya Birla Health Insurance Co	₹5.1 Lakhs to ₹9.0 Lakhs per year
Niva Bupa Health Insurance Company	₹6.0 Lakhs to ₹7.8 Lakhs per year
Star Health & Allied Insurance	₹5.0 Lakhs to ₹9.8 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 Manager Banca at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
7 years	₹6.7 Lakhs to ₹8.6 Lakhs per year
8 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
9 years	₹6.0 Lakhs to ₹9.0 Lakhs per year
10 years	₹7.0 Lakhs to ₹8.9 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Cluster Manager Banca Salaries by Location

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Bajaj Allianz Life Insurance Cluster Manager Banca Salaries

Bajaj Allianz Life Insurance Cluster Manager Banca salary in India ranges between ₹6 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Cluster Manager Banca salaries in India

Companies similar to Bajaj Allianz Life Insurance for Cluster Manager Banca

Latest annual salaries shared by Bajaj Allianz Life Insurance Cluster Manager Banca

Experience wise Bajaj Allianz Life Insurance Cluster Manager Banca salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

Executive Relationship Manager in Kohima

Executive Relationship Manager in Bankura

Cluster Manager in Kolkata

Executive Relationship Manager in Srinagar

Relationship Manager in Bangalore / Bengaluru

Bajaj Allianz Life Insurance Cluster Manager Banca Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Cluster Manager Banca Salaries by Location