Bajaj Allianz Life Insurance Insurance Agent Salaries by 9 Employees

0 - 1 year exp.

₹1.2 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

9% less than the average Insurance Agent Salary in Insurance Companies for 0 - 1 year of experience

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Salaries in different departments

Data Science & Analytics Insurance Agent Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2 L/yr
Finance & Accounting Insurance Agent Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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BFSI, Investments & Trading Insurance Agent Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.2 L/yr

Last Updated: 2 Aug 2023

Companies similar to Bajaj Allianz Life Insurance for Insurance Agent

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Insurance Agent Salary 0 - 3 years exp. (10 salaries)	₹1.1 L/yr - ₹3 L/yr 1% less
The New India Assurance Co. Insurance Agent Salary 0 - 4 years exp. (9 salaries)	₹2 L/yr - ₹3 L/yr 2% more
Login to view exact salary
Tata AIG Insurance Agent Salary 0 - 6 years exp. (7 salaries)	₹1 L/yr - ₹3 L/yr 4% less
Reliance Nippon Life Insurance Insurance Agent Salary 0 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹6.5 L/yr 32% more
The Oriental Insurance Co. Insurance Agent Salary 0 - 10 years exp. (6 salaries)	₹2.4 L/yr - ₹3.5 L/yr 32% more
HDFC Ergo General Insurance Insurance Agent Salary 0 - 3 years exp. (6 salaries)	₹1 L/yr - ₹1.8 L/yr 32% less
HDFC Life Insurance Agent Salary 0 - 2 years exp. (5 salaries)	₹1.3 L/yr - ₹3 L/yr 1% less
United India Insurance Company Insurance Agent Salary 0 - 5 years exp. (5 salaries)	₹1.2 L/yr - ₹3.5 L/yr 36% more
Tata AIA Life Insurance Insurance Agent Salary 0 - 3 years exp. (4 salaries)	₹2.4 L/yr - ₹4.5 L/yr 79% more
Star Health & Allied Insurance Insurance Agent Salary 1 - 3 years exp. (4 salaries)	₹1.1 L/yr - ₹2.5 L/yr 4% less
Shriram Life Insurance Insurance Agent Salary 2 - 12 years exp. (3 salaries)	₹1 L/yr - ₹2.8 L/yr 8% less
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Kotak Mahindara Life Insurance Insurance Agent Salary 0 - 2 years exp. (3 salaries)	₹0.6 L/yr - ₹5 L/yr 36% more

Insurance Agent salary at Bajaj Allianz Life Insurance ranges between ₹1.2 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 9 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Insurance Agent salaries

Last Updated: 2 Aug 2023

Experience	Avg Annual Salary
Fresher (5 salaries)	₹1.2 L/yr - ₹3 L/yr
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1 year (4 salaries)	₹1.2 L/yr - ₹3 L/yr

From

Insurance Agent

₹

Lakhs/yr

0 - 1 year exp.

Chief Branch Manager

₹

Lakhs/yr

10 - 21 years exp.

Insurance Agent

0 - 1 year exp.

Sales Manager

0 - 8 years exp.

69% hike

Branch Manager

7 - 18 years exp.

131% hike

From

Insurance Agent

0 - 1 year exp.

Sales Analyst

Salary unavailable

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

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LIC Agent Salary

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Agent Salary

(7 salaries)

₹1.2 L/yr - ₹4.2 L/yr

Life Insurance Advisor Salary

(6 salaries)

₹2.3 L/yr - ₹4 L/yr

Deputy Manager Salary

(331 salaries)

₹5 L/yr - ₹16.48 L/yr

Sales Manager Salary

(209 salaries)

₹1.9 L/yr - ₹7 L/yr

Supervisor Salary

(3 salaries)

₹1.1 L/yr - ₹3.4 L/yr

Sales Executive Salary

(51 salaries)

₹1.1 L/yr - ₹4.5 L/yr

Senior Associate Salary

(9 salaries)

₹3 L/yr - ₹5.5 L/yr

Financial Advisor Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.1

Rated by 8 employees for salary & benefits

Insurance Agent (working remotely)

Insurance sales Department

1.0

• posted on 26 Sep 2022

1.0

for Salary and Benefits

Likes

I don't like anything.

Dislikes

...u you to give irdai exam fee for IC.don't waste your time and money in this job.don't pay anything to them.

Salary - Bad

+6 more

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.

Senior Relationship Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jun 2023

5.0

for Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

Salary - Excellent

+6 more

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz Life Insurance Insurance Agent Salary FAQs

What is the salary of Insurance Agent at Bajaj Allianz Life Insurance ?

The average salary of a Insurance Agent at Bajaj Allianz Life Insurance in India typically ranges from ₹1.2 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Insurance Agent at Bajaj Allianz Life Insurance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Insurance Agent 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 9 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Insurance Agent at Bajaj Allianz Life Insurance in India typically ranges from ₹14,550 to ₹16,078 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 9 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 Insurance Agent in India?

Tata AIA Life Insurance	₹2.4 Lakhs to ₹4.5 Lakhs per year
United India Insurance Company	₹1.2 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindara Life Insurance	₹0.6 Lakhs to ₹5.0 Lakhs per year
The Oriental Insurance Co.	₹2.4 Lakhs to ₹3.5 Lakhs per year
Reliance Nippon Life Insurance	₹1.2 Lakhs to ₹6.5 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 Insurance Agent in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Insurance Agent 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:

The New India Assurance Co.	₹2.0 Lakhs to ₹3.0 Lakhs per year
HDFC Life	₹1.3 Lakhs to ₹3.0 Lakhs per year
Bajaj Allianz General Insurance	₹1.1 Lakhs to ₹3.0 Lakhs per year
Tata AIG	₹1.0 Lakhs to ₹3.0 Lakhs per year
Star Health & Allied Insurance	₹1.1 Lakhs to ₹2.5 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 Insurance Agent at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.2 Lakhs to ₹3.0 Lakhs per year
1 year	₹1.2 Lakhs to ₹3.0 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Insurance Agent Salaries by Location

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Bajaj Allianz Life Insurance Insurance Agent Salaries

Bajaj Allianz Life Insurance Insurance Agent salary in India ranges between ₹1.2 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Insurance Agent salaries in India

Companies similar to Bajaj Allianz Life Insurance for Insurance Agent

Latest annual salaries shared by Bajaj Allianz Life Insurance Insurance Agent

Experience wise Bajaj Allianz Life Insurance Insurance Agent salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

Insurance Agent (working remotely)

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Senior Relationship Manager in Hyderabad / Secunderabad

Bajaj Allianz Life Insurance Insurance Agent Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Insurance Agent Salaries by Location