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Bajaj Allianz Life Insurance Deputy Area Manager salaries in Mumbai

Annual salary range
5 - 8 years exp.
₹5 Lakhs - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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27% less than the average Deputy Area Manager Salary in Insurance Companies for 5 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Area Manager Salary
5 - 6 years exp. (3 salaries)
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₹5 L/yr - ₹5.6 L/yr

Sales & Business Development
Deputy Area Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6 L/yr

Last Updated: 16 Dec 2024

Companies similar to Bajaj Allianz Life Insurance for Deputy Area Manager in Mumbai

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Bajaj Allianz Life Insurance Deputy Area Manager Salary

5 - 8 years exp. (5 salaries)

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₹5 L/yr - ₹6 L/yr

vs
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Bajaj Finance Deputy Area Manager Salary

4 - 9 years exp. (11 salaries)

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₹5.6 L/yr - ₹11.3 L/yr

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Bajaj Finserv Deputy Area Manager Salary

3 - 8 years exp. (5 salaries)

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₹5.4 L/yr - ₹8.5 L/yr

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Chaayos Deputy Area Manager Salary

5 - 13 years exp. (5 salaries)

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₹5.5 L/yr - ₹8 L/yr

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Tata 1mg Deputy Area Manager Salary

9 - 11 years exp. (4 salaries)

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₹6 L/yr - ₹6.6 L/yr

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JK Tyres Deputy Area Manager Salary

6 - 14 years exp. (4 salaries)

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₹9.5 L/yr - ₹13 L/yr

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Deputy Area Manager salary at Bajaj Allianz Life Insurance ranges between ₹5 Lakhs to ₹6 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Deputy Area Manager in Mumbai

3mo ago
₹5.6 Lakhs
6 years exp.
5mo ago
₹6 Lakhs
8 years exp.
5mo ago
₹5 Lakhs
6 years exp.
7mo ago
₹5.4 Lakhs
5 years exp.

Experience wise Bajaj Allianz Life Insurance Deputy Area Manager salaries in Mumbai

Last Updated: 16 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.3 L/yr
6 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.3 L/yr
Bajaj Allianz Life Insurance Deputy Area Manager Salary and Career Growth

From

To

Deputy Area Manager

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5 - 13 years exp.

Regional Head

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13 - 23 years exp.

Deputy Area Manager 5 - 13 years exp.
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Divisional Manager 3 - 16 years exp.
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arrow icon 30% hike
    Regional Head 13 - 23 years exp.
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    arrow icon 171% hike

    From

    To

    Deputy Area Manager

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    5 - 13 years exp.

    Senior Divisional Manager

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    8 - 10 years exp.

    From

    To

    Deputy Area Manager

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    5 - 13 years exp.

    State Manager

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    9 - 25 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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    ₹5 L/yr - ₹16 L/yr
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    ₹1.8 L/yr - ₹4.5 L/yr
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    Area Manager Salary
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    ₹5 L/yr - ₹13 L/yr
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    ₹5 L/yr - ₹14.3 L/yr
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    ₹5 L/yr - ₹12 L/yr

    Salary related reviews for Bajaj Allianz Life Insurance

    4.0

    Rated by 1 employees for salary & benefits

    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.

    read more
    • Salary - Excellent
    • +3 more

    Dislikes

    Nothing as of now.

    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.

    read more

    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.

    read more
    • Salary - Bad
    • +6 more

    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.

    read more

    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

    read more
    • Salary - Bad
    • +6 more

    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.

    read more

    Full Time

     · 

    BFSI, Investments & Trading Department

    2.0
      •  posted on 09 May 2023

    5.0
     for  Salary and Benefits

    Likes

    You get salary on time.

    • Salary - Excellent
    • +1 more

    Dislikes

    No one( Sr. Management) cares about you,they just need business that too what they ask from you " no need based selling". Rather then that there are meetings meetings and meetings for the sales team.

    read more
    • Skill development - Bad
    • +4 more
    see more salary related reviews

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    Bajaj Allianz Life Insurance Deputy Area Manager Salary FAQs

    What is the salary of Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai?
    The average salary of a Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹5.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 5 years to 8 years).

    The top 10% of Deputy Area Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Deputy Area 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 5 Bajaj Allianz Life Insurance employees in India.
    What is the estimated take home salary of a Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai?
    The estimated take-home salary of a Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹41,859 to ₹42,997 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 5 years to 8 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 5 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 Deputy Area Manager in India?
    JK Tyres ₹9.5 Lakhs to ₹13.0 Lakhs per year
    Bajaj Finance ₹5.6 Lakhs to ₹11.3 Lakhs per year
    Bajaj Finserv ₹5.4 Lakhs to ₹8.5 Lakhs per year
    Chaayos ₹5.5 Lakhs to ₹8.0 Lakhs per year
    Tata 1mg ₹6.0 Lakhs to ₹6.6 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.
    How the salary growth look like for a Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai?
    The salary growth for a Deputy Area Manager at Bajaj Allianz Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Area Manager in Mumbai can expect the following growth trajectory at Bajaj Allianz Life Insurance:

    Experience Average Salary Range
    5 years ₹4.9 Lakhs to ₹6.3 Lakhs per year
    6 years ₹4.9 Lakhs to ₹6.3 Lakhs per year
    7 years ₹5.0 Lakhs to ₹6.3 Lakhs per year
    8 years ₹5.0 Lakhs to ₹6.3 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Bajaj Allianz Life Insurance Deputy Area Manager salary in Mumbai ranges between ₹5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.