Bajaj Allianz Life Insurance Divisional Manager Salaries by 6 Employees (Updated 2025)

3 - 16 years exp.

₹3.4 Lakhs - ₹9.5 Lakhs

Low Confidence

Salary of majority employees

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
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (38 salaries)	₹12 L/yr - ₹25 L/yr 173% more
Kotak Mahindara Life Insurance Divisional Manager Salary 12 - 20 years exp. (9 salaries)	₹14 L/yr - ₹20 L/yr 149% more
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Life Insurance Corporation of India Divisional Manager Salary 20 - 33 years exp. (13 salaries)	₹16 L/yr - ₹25 L/yr 170% more
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (72 salaries)	₹4 L/yr - ₹14.2 L/yr 10% more
Shriram Life Insurance Divisional Manager Salary 5 - 14 years exp. (10 salaries)	₹5.6 L/yr - ₹9.5 L/yr 9% less
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 146% 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

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₹4.5 L/yr - ₹13.5 L/yr

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(205 salaries)

₹5 L/yr - ₹16.5 L/yr

Marketing Manager Salary

(9 salaries)

₹5 L/yr - ₹7.36 L/yr

Relationship Manager Salary

(769 salaries)

₹1.55 L/yr - ₹5 L/yr

Deputy Manager Salary

(329 salaries)

₹4.5 L/yr - ₹16.68 L/yr

Territory Manager Salary

(238 salaries)

₹4.1 L/yr - ₹9 L/yr

Sales Manager Salary

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₹1.55 L/yr - ₹7 L/yr

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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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bajaj Allianz Life Insurance Divisional Manager Salary FAQs

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

Divisional Manager salary at Bajaj Allianz Life Insurance in India ranges between ₹3.4 Lakhs to ₹9.5 Lakhs for experience between 3 years to 16 years. According to our estimates it is 58% less than the average Divisional Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance India.

How does the salary of a Divisional Manager at Bajaj Allianz Life Insurance India compare with the average salary range for this job?

The average salary of a Divisional Manager at Bajaj Allianz Life Insurance is 58% less than the average salary of a Divisional Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Divisional Manager in India?

SBI Life Insurance Company Divisional Manager Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
Life Insurance Corporation of India Divisional Manager Salary - ₹16.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance Divisional Manager Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company Divisional Manager Salary - ₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co. Divisional Manager Salary - ₹10.7 Lakhs to ₹22.0 Lakhs per year

What is the salary of a Divisional Manager in companies similar to Bajaj Allianz Life Insurance in India?

The Oriental Insurance Co. Divisional Manager Salary - ₹12.0 Lakhs to ₹13.4 Lakhs per year
Star Health & Allied Insurance Divisional Manager Salary - ₹4.0 Lakhs to ₹14.2 Lakhs per year
Shriram Life Insurance Divisional Manager Salary - ₹5.6 Lakhs to ₹9.5 Lakhs per year

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 ranges between ₹54,335 per month to ₹55,691 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Divisional Manager salary in India which ranges between ₹3.4 Lakhs to ₹9.5 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Divisional Manager at Bajaj Allianz Life Insurance?

According to AmbitionBox, 50% of the Bajaj Allianz Life Insurance Divisional Managers reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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.