Bajaj Allianz Life Insurance Divisional Manager Salaries by 6 Employees

3 - 16 years exp.

₹3.4 Lakhs - ₹9.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

58% less than the average Divisional Manager Salary in Insurance Companies for 3 - 16 years of experience

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Salaries in different departments

Sales & Business Development Divisional Manager Salary 6 - 16 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
BFSI, Investments & Trading Divisional Manager Salary 10 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.5 L/yr
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Media Production & Entertainment Divisional Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.6 L/yr

Last Updated: 5 May 2024

Companies similar to Bajaj Allianz Life Insurance for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (70 salaries)	₹4 L/yr - ₹14 L/yr 7% more
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (37 salaries)	₹12 L/yr - ₹25 L/yr 164% more
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Shriram Life Insurance Divisional Manager Salary 5 - 11 years exp. (9 salaries)	₹5.6 L/yr - ₹7.5 L/yr 15% less
Kotak Mahindara Life Insurance Divisional Manager Salary 14 - 20 years exp. (9 salaries)	₹13 L/yr - ₹20 L/yr 142% more
The New India Assurance Co. Divisional Manager Salary 12 - 24 years exp. (4 salaries)	₹10.7 L/yr - ₹22 L/yr 116% more
United India Insurance Company Divisional Manager Salary 9 - 13 years exp. (4 salaries)	₹12.5 L/yr - ₹23.2 L/yr 140% more
The Oriental Insurance Co. Divisional Manager Salary 10 - 15 years exp. (3 salaries)	₹12 L/yr - ₹13.4 L/yr 75% more

Divisional Manager salary at Bajaj Allianz Life Insurance ranges between ₹3.4 Lakhs to ₹9.5 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Divisional Manager salaries

Last Updated: 5 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹10.3 L/yr
4 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8.2 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹12.9 L/yr
10 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.5 L/yr
11 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
12 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
13 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
14 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
15+ years (AmbitionBox Estimate)	₹3.5 L/yr - ₹9 L/yr

View all

From

Divisional Manager

3 - 16 years exp.

Regional Head

13 - 23 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.

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Salary related reviews for Bajaj Allianz Life Insurance

4.0

Rated by 5 employees for salary & benefits

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.

Business Development Manager in Narnaul

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.

Skill development - Bad

+4 more

Senior Business Development Manager in Soro

Full Time

Sales & Business Development Department

5.0

• posted on 13 Sep 2022

4.0

for Salary and Benefits

Likes

Best product Friendly atmosphere Career growth Highest solvency retio Best claim settlement Best Hr service Etc....

Salary - Good

+6 more

Dislikes

One thing is internal career and salary growth is little bit slow.. If we have potential to prove ourselves in changing our label in our own company. Then stay with us.... Otherwise Employees are trying for other companies only for career and financial growth.

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bajaj Allianz Life Insurance Divisional Manager Salary FAQs

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

The average salary of a Divisional Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹3.4 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 3 years to 16 years).

The top 10% of Divisional Manager at Bajaj Allianz Life Insurance earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Divisional 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 6 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Divisional Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹54,335 to ₹55,691 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 3 years to 16 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.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Divisional Manager in India?

SBI Life Insurance Company	₹12.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹13.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company	₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co.	₹10.7 Lakhs to ₹22.0 Lakhs per year
The Oriental Insurance Co.	₹12.0 Lakhs to ₹13.4 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 Divisional Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Divisional 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:

Star Health & Allied Insurance	₹4.0 Lakhs to ₹14.0 Lakhs per year
Shriram Life Insurance	₹5.6 Lakhs to ₹7.5 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 Divisional Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹5.1 Lakhs to ₹10.3 Lakhs per year
4 years	₹5.4 Lakhs to ₹6.8 Lakhs per year
5 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
6 years	₹2.6 Lakhs to ₹8.2 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Divisional Manager Salaries

Bajaj Allianz Life Insurance Divisional Manager salary in India ranges between ₹3.4 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.