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Bajaj Allianz Life Insurance Development Officer salaries in India

Annual salary range
2 - 7 years exp.
₹2 Lakhs - ₹3.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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56% less than the average Development Officer Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Development Officer Salary
5 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.5 L/yr

Finance & Accounting
Development Officer Salary
4 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Sales & Business Development
Development Officer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 3 Aug 2024

Companies similar to Bajaj Allianz Life Insurance for Development Officer

Company name Avg Annual Salary Open Jobs
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₹1 L/yr - ₹3 L/yr

arrow icon 21% less
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₹2.9 L/yr - ₹11.5 L/yr

arrow icon 157% more
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₹1.8 L/yr - ₹2.4 L/yr

arrow icon 22% less
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₹2.1 L/yr - ₹6 L/yr

arrow icon 18% more
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₹1.8 L/yr - ₹4 L/yr

arrow icon 19% more
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₹15 L/yr - ₹20 L/yr

arrow icon 513% more
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HDFC Life Development Officer Salary

2 - 3 years exp. (3 salaries)

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₹3 L/yr - ₹5 L/yr

arrow icon 42% more
Development Officer salary at Bajaj Allianz Life Insurance ranges between ₹2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Development Officer

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2 years exp.
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Experience wise Bajaj Allianz Life Insurance Development Officer salaries

Last Updated: 3 Aug 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹5.5 L/yr
3 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)

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₹2 L/yr - ₹3.5 L/yr
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₹1.1 L/yr - ₹4.5 L/yr
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Top skills at Bajaj Allianz Life Insurance for Development Officer

Life Insurance Insurance Sales Team Building Sales Agent Recruitment Leadership

Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 1 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.

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

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 25 Apr 2022

5.0
 for  Salary and Benefits

Likes

...mmates is transparent. There is a huge cafeteria and gaming arcade fir chilling. Cimpany policies are good apprasals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issue.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
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Bajaj Allianz Life Insurance Development Officer Salary FAQs

What is the salary of Development Officer at Bajaj Allianz Life Insurance ?
The average salary of a Development Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Development Officer at Bajaj Allianz Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Development Officer 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 6 Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Development Officer at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Development Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹19,256 to ₹20,931 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 2 years to 7 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 6 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Development Officer at Bajaj Allianz Life Insurance ?
To be a Development Officer at Bajaj Allianz Life Insurance in india, the key skills required include:

  • - Life Insurance
  • - Insurance Sales
  • - Team Building
  • - Sales
  • - Agent Recruitment

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Bajaj Allianz Life Insurance for Development Officer in India?
The New India Assurance Co. ₹15.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. ₹2.9 Lakhs to ₹11.5 Lakhs per year
HDFC Life ₹3.0 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance ₹1.8 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindara Life Insurance ₹2.1 Lakhs to ₹6.0 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 Development Officer in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Development Officer 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:

Shriram Life Insurance ₹1.0 Lakhs to ₹3.0 Lakhs per year
Reliance Nippon Life Insurance ₹1.8 Lakhs to ₹2.4 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 Development Officer at Bajaj Allianz Life Insurance in India?
The salary growth for a Development Officer at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Development Officer can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
2 years ₹3.0 Lakhs to ₹5.5 Lakhs per year
3 years ₹2.6 Lakhs to ₹3.4 Lakhs per year
4 years ₹1.1 Lakhs to ₹3.0 Lakhs per year
5 years ₹2.3 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Development Officer salary in India ranges between ₹2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.