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Bajaj Allianz Life Insurance Deputy Branch Manager salaries in India (Updated 2025)

Annual salary range
6 - 14 years exp.
₹5 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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17% less than the average Deputy Branch Manager Salary in Insurance Companies for 6 - 14 years of experience

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Salaries in different departments

Sales & Business Development
Deputy Branch Manager Salary
6 - 14 years exp. (12 salaries)
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₹5 L/yr - ₹8.5 L/yr

BFSI, Investments & Trading
Deputy Branch Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹6.5 L/yr - ₹6.9 L/yr

Last Updated: 19 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Deputy Branch Manager

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹9 L/yr

arrow icon 23% more
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HDFC Life Deputy Branch Manager Salary

3 - 14 years exp. (7 salaries)

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₹5 L/yr - ₹8 L/yr

At par
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₹3.2 L/yr - ₹4.5 L/yr

arrow icon 36% less
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₹2.9 L/yr - ₹6 L/yr

arrow icon 34% less
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₹1 L/yr - ₹10 L/yr

arrow icon 13% less
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₹7.2 L/yr - ₹8.5 L/yr

arrow icon 21% more
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₹4.4 L/yr - ₹7.5 L/yr

arrow icon 16% less
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₹4.8 L/yr - ₹5.5 L/yr

arrow icon 22% less
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₹4 L/yr - ₹13 L/yr

arrow icon 41% more
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₹6 L/yr - ₹6.8 L/yr

At par
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₹4.3 L/yr - ₹6.1 L/yr

arrow icon 9% less
Deputy Branch Manager salary at Bajaj Allianz Life Insurance ranges between ₹5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 13 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Deputy Branch Manager

2d ago
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11 years exp.
2w ago
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7 years exp.
1mo ago
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6 years exp.
1mo ago
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14 years exp.
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11 years exp.
1mo ago
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10 years exp.
6mo ago
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9 years exp.
7mo ago
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8 years exp.
10mo ago
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9 years exp.
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10 years exp.

Experience wise Bajaj Allianz Life Insurance Deputy Branch Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹8.5 L/yr
7 years (AmbitionBox Estimate)

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₹5 L/yr - ₹11.7 L/yr
8 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.6 L/yr
9 years  (3 salaries)

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₹5 L/yr - ₹11.6 L/yr
10 years  (3 salaries)

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₹5 L/yr - ₹7 L/yr
View all
Bajaj Allianz Life Insurance Deputy Branch Manager Salary and Career Growth

From

To

Deputy Branch Manager

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6 - 14 years exp.

Chief Branch Manager

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10 - 21 years exp.

Deputy Branch Manager

6 - 14 years exp.
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Branch Manager

7 - 18 years exp.
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arrow icon 29% hike

Senior Branch Manager

9 - 21 years exp.
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arrow icon 29% hike
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

Branch Manager Salary
(126 salaries)
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₹4.5 L/yr - ₹12.85 L/yr
Deputy Manager Salary
(331 salaries)
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₹5 L/yr - ₹16.48 L/yr
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₹5 L/yr - ₹8.5 L/yr
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₹3.5 L/yr - ₹14.99 L/yr
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₹1.55 L/yr - ₹5 L/yr
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₹6.25 L/yr - ₹10 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Sales Manager Salary
(209 salaries)
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₹1.9 L/yr - ₹7 L/yr
Branch Head Salary
(32 salaries)
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₹6 L/yr - ₹13 L/yr
Chief Manager Salary
(62 salaries)
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₹12.5 L/yr - ₹38 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.7

Rated by 2 employees for salary & benefits

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.

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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

Sales & Business Development Department

5.0
  •  posted on 11 Apr 2022

4.0
 for  Salary and Benefits

Likes

Overall work culture of the organisation is good and the management of the organisation is employee friendly

  • Salary - Good
  • +6 more

Dislikes

The only lacking point is that the organisation did not provide year on year salary hike until or unless someone did not achieve their yearly Targets.

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Other Department

1.0
  •  posted on 05 Apr 2021

1.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

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Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

read more
  • Salary - Bad
  • +6 more

Axis Department

3.0
  •  posted on 18 Sep 2020

4.0
 for  Salary and Benefits

Likes

...ic i would like there system and there basic support all systems is online So it is good salary also completely provide during lockdown

read more
  • Salary - Good
  • +2 more

Dislikes

Internal support is poor senior are using avusive langue only senior candidate support if you new not a single support company environment not good specially girl candidate

read more
  • Job security - Bad
  • +1 more
see more salary related reviews

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Bajaj Allianz Life Insurance Deputy Branch Manager Salary FAQs

What is the salary of Deputy Branch Manager at Bajaj Allianz Life Insurance ?
The average salary of a Deputy Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹5.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Deputy Branch Manager at Bajaj Allianz Life Insurance earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Deputy 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 10+ Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Deputy Branch Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Deputy Branch Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹48,763 to ₹49,916 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 6 years to 14 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 10+ 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 Branch Manager in India?
Reliance Nippon Life Insurance ₹4.0 Lakhs to ₹13.0 Lakhs per year
Niva Bupa Health Insurance Company ₹6.5 Lakhs to ₹9.0 Lakhs per year
Tata AIA Life Insurance ₹7.2 Lakhs to ₹8.5 Lakhs per year
Aditya Birla Sun Life Insurance ₹6.0 Lakhs to ₹6.8 Lakhs per year
HDFC Life ₹5.0 Lakhs to ₹8.0 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 Deputy Branch Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Deputy 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 Ergo General Insurance ₹4.3 Lakhs to ₹6.1 Lakhs per year
Axis Max Life Insurance ₹1.0 Lakhs to ₹10.0 Lakhs per year
Shriram Life Insurance ₹4.4 Lakhs to ₹7.5 Lakhs per year
Aditya Birla Health Insurance Co ₹4.8 Lakhs to ₹5.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.9 Lakhs to ₹6.0 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 Deputy Branch Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a Deputy Branch Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Branch Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
6 years ₹2.6 Lakhs to ₹8.5 Lakhs per year
7 years ₹5.0 Lakhs to ₹11.7 Lakhs per year
8 years ₹6.0 Lakhs to ₹11.6 Lakhs per year
9 years ₹5.0 Lakhs to ₹11.6 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Deputy Branch Manager salary in India ranges between ₹5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.