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

Annual salary range
12 - 25 years exp.
₹30 Lakhs - ₹35 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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Fixed (82%)
₹26.5 Lakhs
Variable (18%)
₹5.7 Lakhs
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12% less than the average General Manager Salary in Insurance Companies for 12 - 25 years of experience

Interested in this particular role?

Last Updated: 7 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for General Manager

Company name Avg Annual Salary Open Jobs
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₹13.8 L/yr - ₹32 L/yr

arrow icon 33% less
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HDFC Life General Manager Salary

10 - 24 years exp. (27 salaries)

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₹18 L/yr - ₹26 L/yr

arrow icon 27% less
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₹14 L/yr - ₹36.6 L/yr

arrow icon 35% less
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₹10 L/yr - ₹30 L/yr

arrow icon 38% less
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₹3.3 L/yr - ₹4.5 L/yr

arrow icon 89% less
General Manager salary at Bajaj Allianz Life Insurance ranges between ₹30 Lakhs to ₹35 Lakhs per year for employees with experience between 12 years to 25 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance General Manager

3d ago
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25 years exp.
1y ago
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17 years exp.

Experience wise Bajaj Allianz Life Insurance General Manager salaries

Last Updated: 7 Mar 2025

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹13 L/yr - ₹35 L/yr
13 years (AmbitionBox Estimate)

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₹29.3 L/yr - ₹37.4 L/yr
14 years (AmbitionBox Estimate)

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₹29.2 L/yr - ₹37.3 L/yr
15+ years  (3 salaries)

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₹30 L/yr - ₹34 L/yr

Similar Designation salaries in Bajaj Allianz Life Insurance

Area Manager Salary
(212 salaries)
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₹5 L/yr - ₹16.5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹12.2 L/yr - ₹15.5 L/yr
Sales Manager Salary
(209 salaries)
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₹1.9 L/yr - ₹7 L/yr
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₹12.6 L/yr - ₹17 L/yr
Cluster Manager Salary
(98 salaries)
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₹4.2 L/yr - ₹14.3 L/yr
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₹3.5 L/yr - ₹14.99 L/yr
Assistant General Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
Front Office Manager Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
General Manager Operations Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹2.5 L/yr - ₹6 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.0

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

 · 

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

BFSI, Investments & Trading Department

1.0
  •  posted on 13 Apr 2021

5.0
 for  Salary and Benefits

Likes

DARPAN SIR WAS VERY HELPFUL DURING MY JOB. I LOVE THE WAY HE PROVIDES TRAINING. ON-TIME SALARY AND WEEKLY OFF IS THE MOST SATISFYING THINGS IN BAJAJ.

read more
  • Salary - Excellent

Dislikes

IT IS SO SAD FOR ME TO KNOW THAT THE CULTURE IN BAJAJ ALLIANZ LIFE INSURANCE COMPANY IS WORST. EMPLOYEE IS BEING JUDGED ON BASIS OF THEIR CASTE AND COMMUNITY. I HAD BEEN TREATED THE SAME WAY BUT WHEN I COMPLAINT ABOUT THE SAME MY VOICE HAD BEEN PUSHED DOWN. NO SUCH ACTION IS BEING TAKEN AGAINST THE SENIOR. I BEGGED TO HR BUT NOTHING HAPPENED. I HAD BEEN SO HARSSSAD DURING MY JOB. NO ONE HELPED ME. I CANNOT DESCRIBE THE WAY I HAD BEEN TREATED. IF COMPANY WANTS TO KNOW THE ACTUAL TRUTH. PLEASE CHECK THE CCTV CAMERA BETWEEN 09:30 AM - 10:30 AM FOR DATED: 10/09/2020. EVERYTHING WOULD BE CLEAR THAT HOW I HAD BEEN TREATED BY VP, BINNENDRA KUMAR BINIT. THAT WAS SO RUDE AND SHAMEFUL. AFTER THAT I HAD BEEN THREATENED THAT I WOULD BE THROW OUT FROM THE COMPANY AND THE SAME HAD BEEN DONE BY THE BUNCH OF PEOPLE. BUT I WILL NOT LET THE THINGS GO AS EASY AS THE PEOPLE THINKS. I WILL RAISE THIS CONCERN INTO COURT AND SOCIAL MEDIA SO THAT ATLEAST WORK CULTURE WOULD BECOME HEALTHIFY IN BAJAJ FOR OTHER.

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  • Skill development - Bad
  • +4 more
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Bajaj Allianz Life Insurance General Manager Salary FAQs

What is the salary of General Manager at Bajaj Allianz Life Insurance ?
The average salary of a General Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹30.0 Lakhs to ₹35.0 Lakhs per year, depending on experience (from 12 years to 25 years).

The top 10% of General Manager at Bajaj Allianz Life Insurance earn more than ₹35.0 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. General 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 4 Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a General Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a General Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹1,97,000 to ₹2,04,770 per month. This is based on the average salary range of ₹30.0 Lakhs to ₹35.0 Lakhs per year for employees with experience ranging from 12 years to 25 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 4 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a General Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a General 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 Life ₹18.0 Lakhs to ₹26.0 Lakhs per year
Niva Bupa Health Insurance Company ₹13.8 Lakhs to ₹32.0 Lakhs per year
Star Health & Allied Insurance ₹14.0 Lakhs to ₹36.6 Lakhs per year
ICICI Lombard General Insurance Company ₹10.0 Lakhs to ₹30.0 Lakhs per year
HDFC Ergo General Insurance ₹3.3 Lakhs to ₹4.5 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 General Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a General Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a General Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
12 years ₹13.0 Lakhs to ₹35.0 Lakhs per year
13 years ₹29.3 Lakhs to ₹37.4 Lakhs per year
14 years ₹29.2 Lakhs to ₹37.3 Lakhs per year
15 years ₹30.0 Lakhs to ₹34.0 Lakhs per year
and so on.

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Bajaj Allianz Life Insurance General Manager salary in India ranges between ₹30 Lakhs to ₹35 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.