Bajaj Allianz Life Insurance Insurance Manager Salaries by 40+ Employees (Updated 2025)

1 - 7 years exp.

₹1.5 Lakh - ₹6 Lakhs

Salary of majority employees

10% less than the average Insurance Manager Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 1 - 7 years exp. (13 salaries)	₹1.5 L/yr - ₹6 L/yr
Sales & Business Development Insurance Manager Salary 1 - 7 years exp. (7 salaries)	₹2.5 L/yr - ₹5.5 L/yr
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Finance & Accounting Insurance Manager Salary 1 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr
Customer Success, Service & Operations Insurance Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.7 L/yr

Last Updated: 20 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Insurance Manager Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 4% more
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹5 L/yr 4% less
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Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (26 salaries)	₹2.6 L/yr - ₹7.7 L/yr 26% more
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 10% more
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 8% more
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (18 salaries)	₹2.8 L/yr - ₹5 L/yr 5% less
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 18% more
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (13 salaries)	₹1 L/yr - ₹5 L/yr 6% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 6% more
Tata AIG Insurance Manager Salary 3 - 13 years exp. (9 salaries)	₹2.7 L/yr - ₹7.9 L/yr 49% more
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 5% more
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HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 66% more
Niva Bupa Health Insurance Company Insurance Manager Salary 0 - 13 years exp. (7 salaries)	₹3.1 L/yr - ₹5 L/yr 7% more
Bajaj Allianz General Insurance Insurance Manager Salary 0 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹4.6 L/yr 15% more
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 18% more
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.3 L/yr - ₹7.3 L/yr 25% more
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 81% more

Insurance Manager salary at Bajaj Allianz Life Insurance ranges between ₹1.5 Lakh to ₹6 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 45 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Insurance Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
1 year (10 salaries)	₹1.5 L/yr - ₹4 L/yr
2 years (6 salaries)	₹2.6 L/yr - ₹4.3 L/yr
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3 years (4 salaries)	₹2.3 L/yr - ₹3.6 L/yr
4 years (10 salaries)	₹2.2 L/yr - ₹5.5 L/yr
5 years (6 salaries)	₹2.2 L/yr - ₹5 L/yr
6 years (5 salaries)	₹3 L/yr - ₹4.7 L/yr
7 years (4 salaries)	₹3.5 L/yr - ₹6 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Branch Manager Salary

(126 salaries)

₹4.5 L/yr - ₹12.85 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Area Manager Salary

(212 salaries)

₹5 L/yr - ₹16.5 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

Area Sales Manager Salary

(25 salaries)

₹3.45 L/yr - ₹13.56 L/yr

Territory Manager Salary

(233 salaries)

₹3.65 L/yr - ₹9.09 L/yr

Branch Sales Manager Salary

(166 salaries)

₹2.95 L/yr - ₹6.2 L/yr

Assistant Sales Manager Salary

(21 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Relationship Manager Salary

(761 salaries)

₹1.55 L/yr - ₹5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.0

Rated by 17 employees for salary & benefits

Insurance Manager in Lh2 Balrampur

Other Department

4.0

• posted on 12 Dec 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good appraisals are fair and they give good salary

Salary - Excellent

+1 more

Dislikes

None of them

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

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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 Manager Salary FAQs

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

The average salary of a Insurance Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Insurance Manager at Bajaj Allianz Life Insurance earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Insurance 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 40+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Insurance Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹26,225 to ₹27,646 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 1 year 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 40+ 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 Manager in India?

The New India Assurance Co.	₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹9.4 Lakhs per year
Tata AIG	₹2.7 Lakhs to ₹7.9 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance	₹4.3 Lakhs to ₹7.3 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 Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Insurance 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:

ICICI Lombard General Insurance Company	₹2.4 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Health Insurance Co	₹3.8 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz General Insurance	₹2.5 Lakhs to ₹4.6 Lakhs per year
Axis Max Life Insurance	₹2.3 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹2.5 Lakhs to ₹5.9 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 Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹4.0 Lakhs per year
2 years	₹2.6 Lakhs to ₹4.3 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.6 Lakhs per year
4 years	₹2.2 Lakhs to ₹5.5 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Insurance Manager Salaries by Location

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Bajaj Allianz Life Insurance Insurance Manager Salaries

Bajaj Allianz Life Insurance Insurance Manager salary in India ranges between ₹1.5 Lakh to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 45 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

Companies similar to Bajaj Allianz Life Insurance for Insurance Manager

Latest annual salaries shared by Bajaj Allianz Life Insurance Insurance Manager

Experience wise Bajaj Allianz Life Insurance Insurance Manager salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

Insurance Manager in Lh2 Balrampur

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Business Development Manager in Narnaul

Bajaj Allianz Life Insurance Insurance Manager Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Insurance Manager Salaries by Location